Twelve Whales LLC has been flagged by Central Bank of Ireland for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I signed up with Twelve Whales LLC 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: Excellent charting|Educational resources
Cons: Some tools only available on higher tiers|Minimum deposit could be lower
Do not be fooled by the professional-looking website. Behind the scenes, Twelve Whales LLC is disorganized and incompetent. I found them after reading several online reviews and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Easy to use platform|Good mobile app
Cons: Charting tools need more indicators|No integrated tax optimization
I was about to invest with Twelve Whales LLC but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Market Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Not registered with regulators|Unrealistic promises
The hidden fees at Twelve Whales LLC are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Segregated accounts|Market news feed|Intuitive for beginners|API access
Cons: Minor UI glitches occasionally