Trade 12 has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: +1888 293 6433
Addresses: Tominae 5 Tallin 10145 Estonia This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.trade12.com.
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Trade 12 said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Fast execution|Segregated accounts|High security standards|Intuitive for beginners
Cons: Inactivity fee applies after 12 months|No crypto staking
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Trade 12 recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Market news feed|Comprehensive tools|Social trading features
Cons: Onboarding videos are outdated|Mobile app could be improved
I referred a friend to Trade 12 after a friend recommended them. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Customizable dashboard|Portfolio tracking tools|Multiple order types
Cons: Cannot customize dashboard fully
I signed up with Trade 12 based on a colleague's recommendation and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Portfolio tracking tools|Good analytical tools|Low minimum deposit
Cons: Desktop app not available on Linux
I found Trade 12 from a blog post comparing services and the initial impression was positive. But since I opened my account last year later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Multi-device support|Risk management tools
Cons: Wait times can be long during peak hours|Would like more payment methods
The spread at Trade 12 is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after attending a webinar they hosted and initially thought the platform was good - until I started trading seriously.
Pros: Responsive team|Full transparency|Easy withdrawals|Automated trading options
Cons: Cannot customize dashboard fully
I trusted Trade 12 with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Regular updates|Good mobile app|Helpful community forum|Risk management tools
Cons: Wait times can be long during peak hours
I am in a dispute with Trade 12 over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Helpful community forum|Automated trading options
Cons: Wish they had more educational resources|No crypto staking