• Company name:  Exo Capital Markets Limited. Trade12
  • Registration Address/ License: Registered in Marshall Islands. No License.

Is Trade12 a regulated forex broker or a scam?

No, Trade12 is not safe to trade with it. Trade12 is an unregulated broker. 

Exo Capital Markets Limited which operated under the brand name Trade12 os a brokerage firm that provides online currencies and CFDs trading services.

The company is registered in the Marshall Islands, an offshore zone, and do not hold any authorization or license to perform financial services. Even though it is mentioned about many jurisdictions that are restricted to open a trading account with Trade12.

The company states to facilitate a fair and secure world-class trading environment for retail and institutional clients in high-risk settings and dedication to excellence commitment.

The trading offering includes access to deep liquidity sources, high leverage up to 1:400, a range of account types and risk management tools.

Trade12 Review

However, the promised conditions are not regulated by any authority or do not comply with the operational guidelines, thus it is very adventurous decision to trade with Trade12.

Currently, a market is full of attractive offerings and it may incur additional complexions to choose the best suitable one, thus at any stage of trading experience, the company reliability secures positions of overall trading experience. 

The safety of the trader and his capital are always first, therefore we recommend to engage in trading only with the companies which perform both competitive trading conditions and reliability of services along with all necessary legislation.

The list of Regulated Forex Broker will help to choose the most convenient one.

Moreover, the regulatory watchdogs constantly monitor the situation and alert trader while the firm offers financial services unauthorized. That happened to Trade12 too, while for instance, ASIC (Australia) issued a warning to local traders of Trade12, as well as the CONSOB (Italy).

The brokerage was also mentioned previously at the Brazilian Securities Commission, New Zealand’s authority FMA and blacklisted by Russian KROUFR for its services that claim to be registered within the EU and registration address in Estonia and UK in addition to other investigations that the Trade12 faced through the last years.

“ASIC advises this company could be involved in a scam. Do not deal with this business as it is unlicensed in Australia.”

ASIC, September 2017

“Considering that the provision of investment activities and services is reserved by Trade12 a non-authorized party to provide investment services to the Italian public and end the violation of Article 18 of the place through the website www.trade12.com.”

CONSOB, May 2018

No news available.

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