Trade12 has some positive reviews given by online trader. It is getting popular among the online traders day by day. Before giving any reviews lets find out Trade 12.
Trade12 is a an international brokerage brand whis is developed and controlled by Exo Capital Markets Ltd, which is situated in the Marshall Islands under Registration Number 68798. The company’s services are provided by Global Fin Services Ltd, whose headquarters are located at 1 Straits Prade, in Bristol, England, BS16 2LA.
Trade12 is operated in more than 10 languages and traders and prospective customers can contact customers 24/6 from 7AM Sunday – 10PM Friday (GMT).
Promotions and Account Types:
Trade12 offers various promotional services along with its 4 types of accounts. The account types start from beginner to VIP. Lets find out its promotional offers and what account types hold.
Trade12 does not currently offer promotional bonuses to traders but that could change in the near future. However, the broker does provide various benefits/features which are dependent on the type of account a trader opens. Currently, there are four account types at Trade12, which traders can choose to open. They also have various requirements that traders are required to meet.
Beginner: This is the smallest account type that a trader can open at Trade12. ‘It requires an initial deposit of at least $250 and it comes loaded with various features including a floating spread which begins at 1.2 pips, minimum trading lot size of 0.01, trading via MetaTrader 4 platform on both desktop and mobile, as well as, a WebTrader platform. In addition, traders also get access to daily analysis 24-hour support and an account manager.
Trader: This is the most popular account type at Trade12. It requires traders to deposit a minimum of $10,000 and it attracts a floating spread beginning from 1.0 pip. The rest of the features under beginner account are also included.
Expert: This account type is meant for experts. Spreads are fixed and they start from 0.8 pips. In order to qualify for this account type traders must deposit a minimum of $50,000. The account also comes with added features including a free bank wire transfer plus the rest of the benefits available to Trader account holders.
VIP: This is the most senior account type at Trade12. Traders can contact the account manager to determine the minimum deposit requirements, as well as, spread level. Traders of this account type also have access to Free VPS hosting plus the rest of the features available to expert traders.
Traders at Trade12 can trade via various instruments on both mobile and desktop platforms.
Forex: Trade12 provides traders with the opportunity to trade over 50 currency pairs on its platform, including all majors, minors and exotic currencies. Spreads for these currency pairs begin at 0.8 pips for EUR/USD, 1 pip for GBP/USD, and 0.8 pips for both AUD/USD and EUR/CHF pairs. This broker also provides a leverage of up to 1:400 to Forex traders.
Metals: Traders at Trade12 can use the MetaTrader 4 platform to effectively edge their positions by trading on Spot Gold and Silver, while at the same time taking an opposite position on the USD.
CFDs: Here Trade12 traders can trade on multiple asset types on the same platform including shares (Google, Microsoft, Apple, Alibaba, Facebook, and Amazon among others), Commodities (Sugar, Wheat, Gold, Copper, Silver, Natural Gas, Crude Oil, Coffee, and Corn, among others), and Stock Indices (DAX, FTSE 100, Dow, NASDAQ, S&P 500, CAC 40, and Nikkei 225, among others).
Spreads, Margin and Leverage:
Trade12 offers its traders excellent features and opportunities, which include tight spreads and high leverage. However, traders are warned of the risk associated with taking high leverage positions on their accounts. With high leverage, traders can bet on an amount valued more than what they could realistically afford.
On a good day, there is nothing to worry about, but when your trade is appears to be going the other direction, then there is cause for concern. This is where the issue of margin coverage comes in. At Trade12, traders can activate various risk management strategies such as margin call opt outs and stop outs.
Margin call is basically when Trade12 informs the investor to top up the account to avoid the possibility of opt outs. Opt out is when Trade12 closes the open position after the account level falls below the minimum set by the broker.
As for spreads, it all depends on the account the client opens, but basically most currencies attract a spread of 8.8 pips to 4.5 pips.
Trading Tools and Resources:
Trade12 has ensured that its traders do not have to switch platforms when searching for information on actionable trading ideas. Traders can access breaking news, analysis and various tools such as economic calendars on the platform.
There is also a trading school dedicated to educating traders on various trading strategies and techniques for successful trading.
Traders can also choose to trade via a WebTrader platform if they wish to while the MT4 platform is available on both desktop and mobile devices.
Deposits and Withdrawals:
Traders can deposit funds in their accounts in USD, GBP or EUR. The available deposit methods include Wire Transfer, Credit/Debit Card, Moneta.RU, Ali Pay, PaySafe Card, Yandex Money, China Union Pay, CashU, WebMoney, and Skrill/MoneyBookers.
Deposit time is instant for all the methods except wire transfer which takes 2-5 business days. Deposit limits vary for Credit/Debit Card and Skrill depsits, but are unlimited in Wire transfer, WebMoney, CashU and Ali pay. As for PaySafe card, min is EUR100 and Max is EUR1,000.
Traders at Trade12 can contact support via Telephone, Email, Live Chat, and Contact Form.
After Knowing about trade12 we can say surely that it is one of best online trading platform for online traders. To know more, visit their official site. https://www.trade12.com/