12trader review | Forex broker Review
12trader is young forex broker that offers trading in Forex. Stocks commodities in also trading in crypto currencies. They aim to provide the traders with the latest technology and the latest market update in order to give to traders every possibility and opportunity to become profitable.
In addition, 12Trader offers the option for traders to engage in social trading. That social trading solution allows new traders to follow and copy traders that have been active on the market for a long time. Thus, making their learning curve smaller and making the road profits shorter.
12Trader Special Feature
12Trader understand that for traders today it is important to have a trading platform that provides fast, secure and also intuitive trading. The Trading conditions that they offer are one of the best ones in the market.
One of the main features of this broker are their trading signals. These are recommendations that are based on very thorough analysis of the market and pretty much cover everything that you need to cover to make educated decisions on when to open a trade. They provide this service to all their customers.
12Trader trading platforms
The Broker offers 2 trading platforms, which is actually the same trading platform.
One is for the web Web, which means online and the other is the mobile version of the same trading platform
The trading platform is their version of the Sirix Trading platform. It’s a very intuitive easy to use and high-quality trading platform that rivals the biggest competitor, MetaTrader 4.
The web trading platform offers one click trading and provides the traders with everything they need to trade fast and with ease. The charting is more than adequate and the interface is everything you should expect for a trading platform made to trade online without download.
12trader offers 4 different types of accounts
there is the micro account silver account to call gold account and the exclusive account. The difference between them is the leverage as well as the initial deposit.
- The Micro account requires a minimum deposit of $500.
- The Silver account requires a minimum deposit of $10000.
- Gold account requires a minimum deposit of $25,000
- exclusive account requires a minimum deposit of $100,000 and some invite only.
The 12trader Daily signals are available from silver account and up.
The mobile trading platform is also only available from silver and up. The trading conditions are pretty much the same for all accounts. But if you want to receive all the features , tools and best service you basically have to start with the silver account
This means that unless you have a good amount to invest , you will not be able to take full advantage of everything that the broker has to offer.
Now I have to mention that the people there were more than reasonable, meaning that the moment I like when I talk to them. I received the daily signals for testing while my actual account size was much lower than the silver account requires.
12trader demo account and education Tools
There are lot of excellent and very thorough educational resources that this broker offers. This includes a full training course it will take you through all the most important aspect of trading online. They offer webinars and e-books in order to prepare you for entering the market as much as they are can.
In addition, this broker offers a full service demo or practice trading account. With his account you are able to decide if this broker is the right broker for you.
You have a full month of risk free trading before you are required to make this decision. The amount that they deposited on this trading demo trading account is more than sufficient for you to decide.
With this demo account you will be able to
- familiarize yourself with this training platform.
- Test their trading signals or recommendations
- See their market executions
- Feel the level of their trading conditions
12Trader customer and Trader support.
12trader puts a strong emphasis on customer service and tries to make it as easy as possible for new traders to see if all the information they need when they are opening account or when they are thinking about opening account.
The website is clear and elaborate. It provides you pretty much with everything you need to know. In case you still have questions, their customer service is available in several languages besides English.
I personally talked to their trader support several times and I found the overall knowledge, as well as the politeness refreshing. When it got to a question that the person I was talking to , was unable to answer, he told me that he would get back to me.
They actually did get back to me within the time span that is acceptable.
12Trader Social Trading
One of the Main features of 12Trader trading platform is social trading
Social trading is kind of trading that allows a trader to follow and copy the trades of other traders. This is beneficial for the trader when the other traders are actually experienced and know what they’re doing you will be able to see their trades and understand through communication why they made those trades to begin with.
This is for beginning traders extremely important. This will help him to build their own strategy and understand the market much more thoroughly. The fact that they can copy these traders positions is an amazing benefit for their experience and allows them to become profitable much faster.
The broker is required to comply with the Anti money laundering and counter terrorist financing act of 2006.
The services offers financial activity that may result in the loss of part or of all of the invested funds while trading. You should carefully consider whether this activity suites your needs, your financial resources and your personal circumstances. Results depend on real time assets prices, option expiration time, (30 seconds to 6 months) and your initial investment.