12Trader is simply one of the most reliable and trusted online brokers offering gold, oil, forex, stocks, commodities, and other cryptocurrencies through its much-loved SIRIX trading platform. In this blog post, we’ll gonna jump in deeply how 12Trader works and going to review the various aspects like trading app, commission, free or paid, withdrawal and deposit process, etc. Also, we’ll discuss the pros and cons of using 12Trader, so you’ll have a better understanding of whether 12Trader is for you or not.
12Trader is a well-recognized name when it comes to reliable trading platforms. It is a user friendly platform, which provide instant inquisition. It was founded back in 2013 and based in the United Kingdom. The company broadly operated through its wide chain of branches around the world. 12Trader offers trading in over 41 forex currency pairs, oil, gold, stocks, CFDs, bitcoin, and much more.
SIRIX(12Trader) Trading Platform
The things that make 12Trader unique and stand-out is the trading platform. 12Trader uses the web-based social trading platform called SIRIX. Well, what does it mean? Traders across the world can trade easily and more effectively with SIRIX from any computer without any need to download any software. SIRIX is packed with cutting-edge technology to deliver a seamless experience. Along with that, it comes with an advanced charting package and multiple indicators. Along with this, their built-in social trading stream lets users learn from professional traders.
They have also developed educational programs which will help traders to learn basics of trading. Also, the platform provides a tons of useful features like advanced charting tools, one-click trading, and social trading, etc.
Assets & Markets
12Trader provides the facility and convenience to trade in a wide range of markets and financial instruments. The platform allows traders to trade with CFDs as well as 41 forex pairs. Hence, if you’re looking to trade in over forex currency pairs or CFDs, 12Trader would be an absolutely perfect pick for you. You can simply start your trading with 12Trader with min. amount of $500 and max. amount of $1000.
Commission & Spreads
First and foremost, the commission fee is charged by a broker for executing a transaction. The commission fee is also called as the brokerage fee. Talking about 12Trader, it does not charge any commissions. But here’s a catch, the company generates its revenue through the spread. Minimum spreads with a gold account are in the line with other brokers, for instance, 0.6 pips on the EUR/USD pair.
12 Trader Mobile App
12Trader has a dedicated user-friendly and responsive mobile app for both iOS and Android. The app comes with plenty of handy features like real-time charts, access to trading history, instant execution of trades, and much more. Also, it is designed in such a way that whether you’re a professional or a beginner, you’ll easily be able to trade without any hurdle.
Noteworthy, a single account can be operated through web and mobile application simultaneously.
Money withdrawal is a major concern when it comes to trading. As many illegitimate trading platforms may create problems when requesting for withdrawals. As a result, the majority of people end up losing money. At 12Trader you’re almost guaranteed of no scams or frauds. Deposits and withdrawals with 12Trader are secure and convenient at the same time.
Deposits can be made via the following modes:
*Can use Credit/debit card
*One can use Bank Transfer, etc.
The minimum withdrawal can be made of amounting 500, once the withdrawal request is submitted, it’ll take not more than 3 business days to process the request. After the request has proceeded, it’ll take 5-7 days for the funds to credit in your account.
Pros & Cons of using 12Trader
Here are some pros & cons of using 12Trader, it will help you in making your decision whether you should consider 12Trader or not.
|Social trading available||Limited trading instruments|
|Can use multiple account funding option||Trading from US is not accepted|
|Maximum returns||Minimum deposit cost is so high|
|Excellent customer service|
Lastly, customer service is a major priority at 12Trader, providing best-in-class personal assistance to every account. Whether you need guidance or facing any problem, 12Trader’s customer service team is always ready to assist you.
Users can easily reach-out to customer service via the phone number, email, and live chat also.
Phone :+ 44 20 39361313
Mail : Support@12trader.com