December 28, 2020

Trade 12 Review

Overview:

The world is said to be contained in the rectangular screens that mostly all of us possess. Along with all the advantages that the online world brings, a pile of negativity follows in the disguise of scams and robberies. We request our readers to remain alert and do their research carefully. Before investing online, you must always do proper research on the company that you are planning to trade with and also check if the said company has a valid license by the regulatory authority of your jurisdiction.Tese scam companies convince you into depositing as much money as possible. We post reviews about these scam brokers regularly so that you can outwit these fraud companies. 

Today we are going to review a scam broker that goes by the name Trade 12. Trade 12 is an unregulated broker company that robs its customers and vanishes afterwards. Trade 12 claims to be a professional forex brokerage that was founded in 2014. The company claims to have done its registrations at the Marshall Islands. Read the full Trade 12 review below.

About Trade 12:

The FPA recommends the public not to trade with this company due to not being unregulated and proved as a scam broker. Yet again registered at the Marshall Islands, an offshore zone where trading is not regulated. Trade scammers often claim to have a registered office at such places in order to lure the public in the name of credibility.  Another big red flag occurs when you read the policies on their website. Most of the scam brokers almost always provide their customers with very confusing terms and conditions in order to steal their money and not get trapped. They may offer mouth-watering offers along with a long list of terms and conditions that many customers do not read before putting their money in. Providing a bonus is yet another red flag as bonuses are banned in many trading countries. Their website provides a wide variety of language options, namely, English,Portuguese, Russian, Thai,Arab, Indonesian, Spanish, Italian, Chinese, Malay, French, and Japanese. They accept deposits in USD, EUR, GBP, and AUD. They also offer a variety of trading account options such as Unlimited Demo Accounts, Standard Accounts, and VIP.

Trade 12 provides many payment methods for transferring money and that is through VISA, CASHU, PaySafeCard, Skrill, MasterCard, Alipay, Moneta.ru, SWIFT, UnionPay, WebMoney, Yandex Money. Trade 12 trades in forex, commodities, indices, stocks, and cryptocurrencies and charges leverage of 1:400. One of the most common workings of these scam brokers is that they will start calling people on the pretext of being a well-established trading company. They may go to any extent in order to convince you to invest money with their company. Everything will be fine till you keep investing money. They will tell you random lies and then vanish without a trace when you file for a withdrawal.

Is Trade 12 a scam or legit?

Trade 12 is an unregulated authority and is a complete scam. Therefore, this company should not be trusted with your hard-earned money.  One should always do proper research before investing in trade. Be alert and remember that precaution is always better than cure.