12Trader Review : Fees, Pros and Cons, Reviews by Real Traders

12Trader

Operating status: SCAM

Website: https://www.12trader.com/

Broker violations and abnormal records

Sep 12, 2022 BrokersView has Reviewed that 12Trader is an Unregulated Forex Broker
12Trader, operated by Safe Side Trading LTD, claims that it won award in 2014. However, we checked its domain and found the domain has been created in 2015. How could it win award in 2014? It is a red flag.
12Trader presents an address in Saint Vincent and the Grenadines. So we searched Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) but found no matching results. In other words, 12Trader is not registered here. Besides, SVG FSA is not a forex regulator. It does not regulate forex brokers or issue forex licenses. So having registration does not mean being authorized to provide financial services.
12Trader alco claims to be located in the UK. As per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we did not find any matching results in UK FCA. That means 12Trader is not regulated in the UK.
The truth is that 12Trader is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.

12Trader, operated by Safe Side Trading LTD, claims that it won award in 2014. However, we checked its domain and found the domain has been created in 2015. How could it win award in 2014? It is a red flag.12Trader presents an address in Saint Vincent and the Grenadines. So we searched Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) but found no matching results. In other words, 12Trader is not registered here. Besides, SVG FSA is not a forex regulator. It does not regulate forex brokers or issue forex licenses. So having registration does not mean being authorized to provide financial services. 12Trader alco claims to be located in the UK. As per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we did not find any matching results in UK FCA. That means 12Trader is not regulated in the UK. The truth is that 12Trader is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
Dec 06, 2022 BrokersView has found that 12Trader is not working
BrokersView found the domain "https://www.12trader.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

BrokersView found the domain "https://www.12trader.com/" is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

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