12Trader Review 2022
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| 12Trader is a regulated online broker offering trading in forex & CFDs. | ||
12Trader is broker that gives traders access to Forex, CFDs, indices, stocks, commodities, cryptocurrency. Surprisingly, 12Trader does not support either of the enormously popular MetaTrader platforms (4 and 5).
In terms of features offered to traders, 12Trader has Demo Accounts, Islamic Accounts, Social Trading and Signals but is missing Auto Trading.
12Trader also gives traders access to 3 cryptocurrencies: BTC, XRP and LTC.
Careful traders will be reassured knowing that 12Trader is licensed to offer trading services by several regulators, 2 in fact. Note, however, that the FCA here in the UK is not among the list of overseeing regulators. Careful traders might want the extra safety of going with an FCA-regulated broker.
12Trader Summary
12Trader is a regulated online broker offering trading in forex & CFDs.
Ratings
| Bonus | None |
|---|---|
| Instruments | Forex, CFDs, indices, stocks, commodities, cryptocurrency |
| Demo Account | ✓ |
| Min. Deposit | $500 |
| Min. Trade | 0.01 lots |
| Regulated By | CySEC, VFSC |
| MetaTrader 4 | ✗ |
| MetaTrader 5 | ✗ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✗ |
| Mobile Apps | ✓ |
| Auto Trading | ✗ |
| Trade Signals | Yes - daily |
| Social Trading | ✓ |
| Copy Trading | ✗ |
| Islamic Account | ✓ |
CFD Trading
CFDs available on indices, stocks, FX, commodities, and crypto pairs
| Leverage | 1:400 |
|---|---|
| FTSE Spread | 1 |
| GBPUSD Spread | 0.6 |
| Oil Spread | 0.05 |
| Stocks Spread | Variable |
Forex Trading
Forex trading on dozens of majors, minors and exotics
| GBPUSD Spread | 0.5 |
|---|---|
| EURUSD Spread | 0.6 |
| EURGBP Spread | 0.5 |
| Assets | 41 |
Cryptocurrency Trading
Trade cryptocurrency CFDs
| Spread | Variable |
|---|---|
| Coins | BTC, XRP, LTC |
Payment Methods
12Trader accepts the following payment methods:
- PayPal
- Neteller
- Skrill
FAQ
Is 12Trader Safe?
Yes, most likely, as we gave 12Trader a trust score of 40% in this review. The main negative factor in this score is that 12Trader is not FCA regulated. However, very careful traders might want to find an alternative in our top list of UK brokers.
Does 12Trader Accept PayPal?
Yes, 12Trader does accept PayPal payments.
Is 12Trader Halal?
Yes, 12Trader does offer an Islamic trading account and should thus be Halal to trade with.
Is 12Trader Regulated in the UK?
No, 12Trader is unfortunately not regulated by the FCA here in the UK. See our list of FCA regulated brokers for alternatives
Is 12Trader Regulated?
Yes, 12Trader is regulated by 2 different regulators: CySEC and VFSC.
The fact that 12Trader is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for safer options.
12Trader vs Other Brokers
If you want to compare 12Trader with other brokers, use the detailed comparisons below.
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| 12Trader is a regulated online broker offering trading in forex & CFDs. | ||