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 jump in deeply on how 12Trader works and 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.
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What is 12Trader
12Trader is a well-recognized name when it comes to reliable trading platforms. In addition, it is a user-friendly platform, which provides 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 thing that makes 12Trader unique and stands out is the trading platform. 12Trader uses the web-based social trading platform called SIRIX. Well, what does it mean?
Traders worldwide 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 the basics of trading. Also, the platform provides a ton of useful features like advanced charting tools, one-click trading, 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 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. Therefore, the commission fee is also called 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 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. In addition, 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 applications simultaneously.
Money withdrawal is a major concern when it comes to trading.
Many illegitimate trading platforms may create problems when requesting withdrawals. As a result, the majority of people end up losing money.
At 12Trader, you’re almost guaranteed no scams or frauds. In addition, 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
- Via PayPal
- One can use Bank Transfer, etc.
The minimum withdrawal can be made amounting to 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 to your account.
Pros & Cons of using 12Trader
Here are some pros & cons of using 12Trader; it will help you decide 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 : [email protected]
Can I renew my demo account?
Demo accounts last for 30 days after sign up. Afterward, you will not be able to log in using the demo account credentials. Demo renewals are not available at this time.
What is the minimum amount required to open an account?
The initial min. amount required to open an account is $100
What time do "Day" orders expire in my DMA Account?
Most of the day, orders placed in currency pairs expire at 5 P.M EST. However, New Zealand Dollar (NZD) will expire at 3 pm EST.