Compound Trader – Scam or Not

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Contents

How to identify Forex scams

Just like any other financial market, the Forex market has been a target of Forex scammers for a very long time. Unethical behaviour, promises of unusually large profits without any risk, and the advertisement of “holy grails” are all signs of a Forex scammer who wants to make a profit from naïve traders. Fortunately, there are easy ways you can identify a Forex scammer and protect yourself from their misleading promises. In this article, we’ll cover exactly that, and show you how Forex scammers operate.

How to identify a Forex scammer

Forex scammers may come in different forms, but they all share one thing in common: they’re non-transparent, unregulated, and promise trading results which sound too good to be true. Beginners may have a hard time identifying these characteristics due to their inexperience, which is the main reason why beginners are often targeted by Forex scammers. As you gain trading experience along the way, it will become significantly easier for you to spot these unethical practices and protect yourself from Forex frauds.

If a trader promises hundreds of pips per day without any risk, or tries to sell a trading robot which makes thousands of pips with the click of a mouse, you should be very cautious about that offer. If a trader really had an extremely profitable trading strategy or trading robot, they wouldn’t have to sell that system to other traders, right? They could simply make hundreds of pips with their system and wouldn’t waste their time advertising their product to other traders.

Regulation, or rather lack of it, is also a very important sign of a Forex fraud. Check whether the company which promises unusually high profits is regulated by scrolling through its website. Regulated companies always showcase their licence or regulatory authority on their website, and if you’re unable to find this information, you’re probably dealing with a fraud.

Here we’ve prepared a short checklist of the main points you need to look for to identify potential scammers:

  • Does the trader or company promise extremely high profits and doesn’t mention any risks associated with the strategy? If so, it’s probably a fraud.
  • Can you find information about the company’s regulation on its website? If not, be cautious when dealing with the company.
  • Can you find any additional background information about the trader or the company?
  • Does the trader have their trading results verified by a third party?

These signs, and more, will be discussed in more detail in the following lines.

Additional signs of Forex scams

There are many more ways of identifying Forex trading scams, such as trading results which are not verified, emails that ask for personal information, or the unavailability of background information.

  • Unverified trading results – This scam is very popular with Forex signal providers. A trader will claim that they are constantly profitable on the market, and post screenshots of their trading performance on social media. The trading results often show extreme profit, sometimes even without a single losing trade. Beginners without trading experience are especially attracted to these types of scams as they don’t know how much profit to expect when trading. Needless to say, you should be very cautious when someone makes their trading results publicly available. Ask the trader if the results are verified by a third-party provider, such as myfxbook. If the trader refuses to provide you with a link to their verified results, simply forget about that trader and choose another, as it is highly likely that they are a fraud.
  • Unprofessional emails – Unprofessional emails are another obvious sign of an online Forex trading scam. Email marketing is very common these days, but if the tone of the email sounds unprofessional or if the person asks for any personal information, it’s probably a scam. Forex scammers often use email lists bought on the dark web to send hundreds, or even thousands of emails to traders, offering various trading products. Again, make sure there is background information about the person sending the emails – or if it’s a company, check that it is regulated by browsing its website. If you are unable to find any of the above, and the emails ask for personal information to send you a “free e-book” or something similar, it’s probably a scam.
  • No background information – We’ve already mentioned the importance of checking for background information about a trader or company that promises extremely high profits or asks for your personal information. Scammers often change their identity and act under an imaginary name, so that their victims can’t track them on the Internet. It’s also common for scammers to use pictures of traders found on the internet, claiming that the person in the picture is them.

A simple Google search can help you out a lot. Search for the name of the trader or the company and see whether you can find any background information that proves the scammer’s claims. If you’re dealing with a serious company or trader, you may also be able to find reviews from other customers who have used their services. Always do your research to avoid falling for this type of scam.

Protect yourself against Forex scams

Now that we have covered the most important signs that identify a Forex scammer, it’s time to take a look at ways you can protect yourself. Being cautious about any offer is usually the best solution, but there are also some additional ways.

  • If it’s too good to be true, it’s probably a scam

Common sense helps a lot in these situations. If someone claims to make hundreds of pips per day without a single losing trade with their strategy, it’s probably too good to be true. Even professional traders have losing trades from time to time. If the results are not verified by an independent third-party service, you’re most likely dealing with a scam.

Nothing is more powerful than knowledge. Scammers usually target beginners who don’t have enough trading experience to identify what returns are realistic on the market. Education doesn’t come overnight, but with time you’ll find it way easier to spot Forex frauds even from a distance. Invest in your trading education and gain experience, and you won’t become an easy target for Forex scams.

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Never give out your personal information! Scammers may use it to steal your identity and to attract new victims under your name. Always ask yourself – why do they need my personal information? If there is no obvious answer to this question, don’t send any personal data and stop wasting your time with the company. It’s very important to know how to protect your personal information. Regulated companies have to store all of their clients’ personal information, such as ID cards and passport copies, in a safe place and can only use the data for their internal procedures.

Finally, if you’re unsure whether a company is regulated or not, your best bet would be to directly contact the regulatory body of the company’s jurisdiction. You’ll first need to find out the location of the company in order to reach out to the regulatory body of that country. Many regulatory authorities feature a database of regulated companies on their website, where you search and find additional information about the company’s license. Popular regulatory bodies in the Forex industry include the FCA in the United Kingdom, CySEC for Cyprus-based companies which offer their services in the European Union, and the CFTC and NFA in the United States.

Conclusion

There are scammers and unethical persons operating across all markets, and the Forex market is no exception. There are many signs of Forex trading investment scams that can be used to identify and uncover a scammer, such as promises of extremely high profits without verification, the absence of any industry regulation, unprofessional emails which ask for personal data, or the unavailability of background information. Always perform detailed research on these points before you buy a trading product. In addition, make sure to educate yourself about trading, since scammers usually target beginners who aren’t experienced enough to identify unrealistic trading results. If an email asks for personal info, never provide the information right away, but first check why the person or company needs your personal data. You should send copies of your ID cards or passports only if you’re sure that the company is legit. Performing a check on the regulatory body’s website to see whether the company is listed in the database is also a wise decision. To perform the check, first find out where the company is located and go to the website of the regulatory body which governs that jurisdiction. If the company is not listed in the database of regulated companies, it’s probably a scam.

Bitcoin Trader Review: Is it a scam or legit?

Trading software is a dime a dozen. If you’ve been trading for a while, not only do you know this, but you’ve probably have heard of Bitcoin Trader. The market for it makes sense.

Serious traders are generally open to trading quite a few things, so it’s only natural that they’d trade their bitcoin – should they have any.

How do these platforms work?

This platform isn’t difficult to use, as it uses a trading robot to handle all of the manual exchanges. Having to do everything yourself can be a bit laborious, so having an option to take care of the necessary legwork is generally viewed as favorable, allowing the user to focus more on making big profits buying and selling their bitcoin.

The software is designed for people to easily make great money through trading bitcoin when it was created in 2020. Gary Roberts, Bitcoin Trader’s creator, has overseen his project to become the top in trading by the US Trading Association. Most of this is due to the fact that some users see about thirteen-hundred dollars in daily profit.

Let’s face it; there are still more than a few people who aren’t sure of bitcoin – much less trading it! It’s still relatively new, it’s too volatile for some, and its unregulated nature can turn people off. It’s for this reason why we’ve taken it upon ourselves to explain some of the drawbacks and benefits of using Bitcoin trader.

With this review, we’ll lay out everything that we can to help you make an informed decision.

Let’s get into it!

Bitcoin Trader a Scam or Trustworthy?

First, it’s definitely not a scam as we made about two-hundred dollars with the platform. It also doesn’t have a scammy application process.

Like with all trading robots, you should always be a little weary. We are, too. If you don’t really have the actual agency to do your own trades, it’s expected to be a little suspicious, as you don’t know whether these robots will genuinely work in your favor. It’s essentially blind trust.

We’ve always had this point of view, and while we were doing more research, we found that virtually everyone holds a similar opinion. You probably shouldn’t trust automatic trading software. This is due to them being new to the scene, though we don’t always think that something that’s new is inherently bad.

If you trade at Bitcoin Trader, the market news reports that you can get a return of around 88 percent. While this doesn’t really change our feelings about trading bots, especially those that don’t ask for a security code, but we can vouch for the software.

It works well and operates all above board. If you use decent trading strategies, you can make some decent hay with just the normal amount of risk commonly associated with trading.

We tested just about everything here. we filled out the registration form, the verification process, invested a great amount of time in dealing with the robots, as well as the bitcoin wallet and the trading platform.

Since there’s no option for manual trading, you’re basically left up to the judgment of the bots to handle it for you. Once you sign up, you’re almost done with everything that you have to do. It conducts all of the calculations, ultimately in an attempt to find the deal that will make you the most money through leveraging statistics. After the trade goes through, the profit goes into your account. Done deal.

So, are you intrigued? We thought you would be.

However, like any kind of trading – make sure that you understand all of the associated risks. It’s not a perfect system. Even if most of the transactions end up being profitable, something could still go wrong. So, even if the risks are smaller, they do exist and you should be aware.

Like we said earlier, it doesn’t really take you a lot to get in and start trading. Here, all you have to do is register, drop a deposit, and manage your preferences. These settings should be set every day. Fortunately, it only takes a few minutes to do. After that, you’ll also have to set the auto-trading up. But after that, you only really have to worry about the daily settings and try to stay profitable.

We really like that the software performs admirably as an investor. These robots are pretty well programmed, as they take in statistics, trading signals, and market conditions without you having to lift a finger.

If you’re going to do your own trades, you understand that it will carry a bit more risk. You have to do your own data analysis, market research and more. It’s just easier to have a robot handle all of this for you. It’s true that it’s easier to rely on bots these days than it was before. AI has come a very long way in just the past few years. As such, it makes more sense to rely on robots more than we did a few years ago.

Bitcoin Trader Features:

Registration: Bitcoin Trader doesn’t make you jump through a lot of hoops when you’re signing up. You can do it in just a few minutes. You also don’t need bank statements or to provide an ID. All you need is a deposit method and barebones account info and you’re all set.

Deposits and Withdrawal:

You’re going to have to deposit at least two-hundred and fifty dollars to get in. Transferring is a breeze as you only have to put in the absolute required details. The withdrawal only takes about 24 or less. Bitcoins themselves only take as long as ten days. Just be sure that you have all of your information correct.

Other robots normally charge some fees – whether upfront or hidden. You don’t have to worry about either here.

Customer Support:

We like the interface, so most people don’t report any problems. If you do, you can access customer support through either email or chat.

Customer Trust:

Auto trading platforms always come under fire especially when cryptocurrency is involved. You’re generally going to see many experts in the field who may doubt whether or not it’s worthwhile. Bitcoin Trader is unlike many other platforms. The transactions are rapid, there’s live support, plenty of customization options, and a bevy of great reviews.

Bitcoin Trader Unique Features:

Customization:

There’s no one-size-fits-all approach to trading here. These settings give you a lot of flexibility to make some good money. If you have any problems setting anything up, the customer support team will step in and guide you.

Demo Mode:

We like demo trading because it allows you to get acquainted with the software before you risk any money. Once you’re comfortable enough in the process, you can put in your own money and actually start trading bitcoin.

Trade Quickly:

With the robots doing a lot of the work, you stand to trade faster. After all, you don’t really have to do your own research here. While you don’t have to stare at the screen constantly, you do have to make sure the settings are correct if you don’t want to lose money.

How do I Open A Bit Trader Account?

Since now you’re abreast of essentially how the process works, you may actually be ready to trade! You can click the following link here to get started!

Once you click on the link, you’ll want to look for ‘register’. It’s an easy and free process. Be sure that you’re not using any strange link that requires payment when you’re signing up. It’ll more than likely be a scam, as the company itself doesn’t require any money to get started. In any event, you’ll have to provide a username, password, and any contact details.

Once you’re all signed up, you’ll have to deposit the trading free, which is two-hundred and fifty dollars via credit card. This investment is meager and should ensure that you make some decent money. As far as security, you won’t have to worry about thievery through their secure payment gateway.

How to Start Trading

Even if you’re super confident in your ability to trade, we suggest you start off with the demo mode. It gets you acquainted with all of the features, settings, and flow of the interface. You’ll stand to learn a lot. We also suggest that you run out all of the money in the demo account before you start trading your own.

This is where you will learn how to feel confident in the system. We suggest you start with small amounts and ramp-up. You’ll learn how to change the settings, such as taking profit, maximum trading, and taking a profit. All of these things can be tailored to fit your trading style.

Options in Extra Help

If you need extra help, you’ve picked a decent program. You have live chatting and emailing as a means to get additional help. You can consult them at any time.

Mobile Bitcoin Trading

If you want to use Bitcoin Trader, all you need is an internet connection and a functioning browser. At current, Bitcoin Trader doesn’t have an app, so you’re going to see some of the functionality dips if you’re not using a desktop.

While we know that you’re excited, we think it’s only fair for us to both outline the pros and the cons of Bitcoin Trader.

Pros for Bitcoin Trader:

– You can sign up in mere minutes

– More customization options than most would ever need

– Fun and easy to use interface

– Very engaging demo trading

– Relatively easy to make a profit

Cons for Bitcoin Trader:

– No app currently available for iOS or Android

– No inherent Bitcoin Trader use for US citizens, you’ll have to use a brokering service

Anything else to know about Bitcoin trader?

Yes, we have some assorted notes for people who are genuinely interested in Bitcoin Trader!

We understand that this takes a lot of risk out of trading, we still don’t believe that you should put all of your eggs in one basket. We suggest that you only use small amounts per trade. The bots do a very good job, but markets aren’t always predictable, so you should always mitigate risk as much as possible. The risk will always be present in trading.

As we said before, there isn’t an app available for either Apple or Android. So, if you have a browser that’s known to act up a bit, you may want to stick to desktop or something a little more reliable. This isn’t just relegated to Bitcoin Trader, but all trading platforms without a dedicated application.

It’s easy to not be overly impressed by a review! We thought we did a good job, but, we get it! In the event that you’re not interested in trading bitcoin or automated trading. If that’s you, we have another idea!

Another method is CFD broker. It stands for contact for the difference. It allows you to consider rising and falling trends in bitcoin and determine which would be correct. This allows the freedom in trading in whichever margins that you prefer by working the difference. You’re not going to find that in any automated software.

Also, through the financial conduct authority, you don’t have to worry about whether the money is protected. Most CFDs are protected by this.

This makes it a decent choice for those who aren’t interested in letting the robots do all of the work for you. At least, this is assuredly the case in our opinion.

Is Bitcoin Trader represented on Facebook and TV?

If you’ve seen any ads for Bitcoin trader on Facebook or TV, you’re probably looking at a scam product or service. There is no shortage of ads that advertise Bitcoin Trader, but none of them are correct. Bitcoin Trader has never been on TV or received any celebrity endorsement.

Dragon’s Den and Shark Tank

If you’re searching for Bitcoin Trader on your favorite search engine, you’re bound to see either Dragon’s Den or Shark Tank being affiliated with them. This is common, but there has never been a collaboration between Bitcoin trader or two of these top TV shows. At current, there is no plan for them to be linked together, so please do not believe any of these dubious claims.

Bitcoin Trader and Celebrity Endorsement

You won’t be hardpressed to find crypto trading bots and celebrities out there. Bitcoin Loophole is a very common example of this. This is a marketing tactic generally used by those who are trying to gain traction by scammy outfits. While we can’t outrightly say that a particular program is scammy and another is not, Bitcoin Trader has no celebrity endorsement.

An example of this would be Peter Jones, Elon Musk, and Gordon Ramsay. It has been reported that Peter Jones bought twenty percent shares in Bitcoin Trader. Something similar has been said about Elon Musk, so much in fact that he was stepping down from Tesla to become more involved in automated trading systems.

Gordon Ramsay has also been linked to Bitcoin Trader. Neither the restauranteur nor the Tesla head-man has been ever involved in Bitcoin Trader.

Quick Bitcoin Trader FAQ:

Q: What is Bitcoin Trader?

A: Bitcoin Trader is a crypto trading platform where robots trade for you as opposed to human input.

Q: Does it work? How much can I earn?

A: It works. Users have claimed that they can make over 1,000 dollars per day.

Q: Is Bitcoin Trader safe to use?

A: While we found that the software is very secure, there are always risks. As such, we don’t think that you should ever keep high amounts of money in your account.

Q: Do I need a crypto wallet if I want to trade?

A: Not at this time. All you need is to deposit your money through your credit card and begin trading.

In Summary

We can say that we can recommend this particular automated trading system for both buying and selling bitcoin. We can doubly recommend this for people who haven’t traded bitcoin – or any other cryptocurrency – before. We feel this way because you have a demo account. You won’t have to really know all that much about trading to see a profit.

From visiting the website to trading real money, every step seems to be a cinch. You also don’t have to wait forever and a day for your money.

Again, we very much suggest that you don’t spend a lot of money on a daily basis. That’s in addition to keeping your total account profile low, mitigating risk every step of the way. Anything else and you’re potentially setting yourself up for some degree of failure.

In short, if you’re looking for a great way to trade and make some decent money, you should give Bitcoin Trader a try. If you follow our advice, you should be pleased with the results!

12trader Review – Is it scam or safe forex broker?

Trading accounts and conditions

Account type Minimum deposit Minimum trade size Maximum leverage Average spreads
Micro $50 0.1 lot 1:200 3 pips
Silver $/€ 10 000 0.1 lot 1:400 3 pips
Gold $/€ 25 000 0.1 lot 1:400 3 pips

The Company. Security of Funds

Trading platform

Methods of payment

Conclusion

Pros: Cons:
1:400 leverage Unregulated
High minimum deposit
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Australia, Singapore FCA, ASIC, MAS, BaFin MT4, Web,
ProRealTime,
2Dealer
$0 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

Traders` reviews for 12trader

Spread

Slippage

Requotes

Price feed

Platform

Deposit/Withdraw

Customer service

Summary

Careful!

Not a real scam, but extremely risky, incompetent, dishonest and without any proper strategy! Their strategy is: “give me more money to survive bad times!” It worked until I ran out of money at €69.500 – which is completely gone now!

At the start you get a “business plan” by e-mail and whatsapp from an “advisor”, who claims to be located in London, but who is definitely situated somewhere in Eastern Europe. He shared his screen with me at one point and his local time was GMT+2 and he was off on Orthodox holidays. This guy called himself “Mr. Baxter”, but this isn’t his real name for sure. He’ll offer to trade for you. I was very suspicious at the beginning, unfortunately not of his expertise, but because of the danger of being scammed. It worked quite well at the beginning. I was just a bit surprised by his lack of using stop losses. He explained, that it would produce too many losses.Then the first bad invests started and I had to provide him with more and more money. Eventually one Monday I received a message: “We had a bad bad Friday”.It was just a move of €6 in WTI in the wrong direction, which caused a margin call and ALL positions were closed and the account was zeroed.The only solution offered was again to provide more money. So I even borrowed some. Result was the same! When I became bit angry about that, the guy even got cheeky! And I was never told that there was a risk of losing everything!The money was intended for my son education. Now, in retrospect, this can’t work! You’ll alway lose everything at some point.

So, if you don’t want to lose all of your investment: Hands off!

Defrauded by 12traders through Lisa Hudson 12traders self claimed financial analyst

12traders are scammers and traders should be weary of them. One of them who claimed to be their senior analyst and goes with the name; Lisa Hudson is a big thief an internet armed robber

This lady. Lisa Hudson received me into borrowing and depositing with her$10,000.00.

She embezzled this fund withing 2weeks of trading with it. She now then claimed she lost ti

12traders is an evil company and the world need to know about them

Please I will be grateful if some can help to recover money

100% scam

Account manager from 12TRADER blown $300k
because client requested to withdraw some money
I have 100% proof. Stay away from them.
These scammers should be locked up behind bars

12 trader is a scam, they say minimum deposit is $250, but I traded with $30 after Lisa Hudson lost my investment. I managed to get it to $580 when I want to withdraw it’s story after story.
SCAM SCAM SCAMMER SCAMS

12Trader are Scammer

12Trader are Scammer. Traders Beware
Molly and the like of Ryan are real scammer and I want to advised someone out there to be careful.
Having seen the funny game by this platform and in need of cash, I made a withdrawal request and till now they have been posting me, telling me 7days, 10days, etc after approval.
the ten days will expire by June14th,2020, I will get back on this platform to prove my opinion about this people.
And if the CEO or decision makers of tis platform are not aware, then you need to step in

12trader is a serious SCAM, BEWARE

12trader is a SCAM
There is a guy called Ryan who was always calling and disturbing me everyday asking me to join. I eventually join but failed to crosscheck their integrity as I later did after I was swept of my money. this guy are thief and I desire that the UK government should do something about them

Help get my money back

i have been struggling to get refund of my deposit back for the last one month. Both the senior analyst and the complaints department have been ignoring all communication from me. I contacted financial commission but was told that 12trader is not a registered member and as such they can’t help. I need my money back.PLEASE HELP.

Cheaters

Everyone please don’t get involved. You will loose your money. In the beginning they make you a lot of money just to get you to invest more. You can even withdrawal a small portion of the invested money. Then within 2 hours they will loose almost everything. Why? Just to get you investing more, but they on purpose see that your account get unstable. There is a lady by the name of Lisa Hudson, i am sure its not her real name, but if she is your account manager you can kiss your money good bye. Please do not make the same mistake i made!

Fraudsters

These guys are fraudsters. They sweet talk to you to invest money with them only for them to abandon you alone. I asked for withdrawal of my capital and they have refused to refund me. Story is the same; blaming my bank for not clearing my money while in real sense they show you dubious slips purpoting the money was sent to your account. I have lost money with them and they are just fraudsters. If you can, stay away from them.

12 traders scam

invested a lot of money. broker from 12 traders could phone everyday pretending to be interested in the progress of our funds. the moment i invested all my available money, the trades he entered into, did not make any money, it started going into a minus. in september 2020 i had $139 000 in my account, by yesterday my account was on zero, and now according to him it is a IT related problem. haha, 12 traders is a BIG SCAMING ORGINIZATION, lots of empty promises.

Please stay away

This company is corrupt. They encourage you invest more, because in the beginning they make you some money. Then when you deposit this money, they deliberately trade that you loose this money. I believe the webtrader is a dummy, because during the nights its offline and you cant close trades. If a Justin, Vlad, Lisa or anybody from this company is contacting you, RUN AWAY. You will loose your money. They cant give you statements with accountnumbers, because i believe they moving your money illegally to other accounts. They unregulated and not based in London. Just STAY AWAY.

Stay Away Heart Broken

I was encouraged by my account manager to invest more and more because I can make so much money. He would call me daily to check on me and was very polite and charming. We even had a invested all my life savings with this company in November my account manager Vlad Anderson personally did a trade for me in oil buy with size volume of 1 lot. Oil price was on the downtrend from October and he put the trade in November, what is upsetting about this is he did not use a stop loss. the oil is still on a downtrend and we are in the last day of December 2020. Vlad is refusing to accept blame that because he did not use a stop loss he has cause me to loose all of my investment. this is not right, I wrote to them and they told me my faith lies with the same account manager and of course he has not refunded me a cent.

Does not like to use stop loss all the time

I started with this.company in August 2020 and by December of 2020 i have lost all of my investment. I was assigned an account manager by the name of Vlad Anderson very charming, polite, funny guy but dont be deceived by this people. In November the account manager did a trade for me ib oil buy at 1 volume size. The oil was in decline from October until now in January 2020 and he choose to buy instead of sell so because of this i lost all of my investment. When i started i was promised good returns on my investment, that i would make a lot of money and all the good things money can buy but i can assure you when they take chances.on customers account espicialy when they dont use stop loss the results can very devastating in my case. I did write to them complaining but no positive outcome. The account manager has the final say when it comes to client. The most upsetting of this whole situation is after he blew my account he started posting messages to other traders about the importance of using stop loss. I say too little too late for me. It was there fault and i am left holding the end of the stick with zero account. Shame on this company

Scam Alert

The so called Mr Collins and Mr Newman are real con men. They know all the tricks to pitch you with easy and high gains on small trades before asking you to put all of your savings, saying that they need a lot in order to bet 10% of it. Don’t fall for it and don’t put money on 12trader. Once you give them your money, they will pretend someday that they made a bad deal and lost almost everything of it. I am used to con men so I had a good time watching Mr Newman , even if I lost 4500€. A few days later I made 20 times more with cryptos.

I dont understand why they are not under arrest already.

12Trader is a scam

So the sales person is very convincing supportive and well behaved. With big dreams I fell for it i mean these guys seem to have theirs good. I could only deposit after a full month he was patient so I promised i would and so I did. Morning after it was congratulations and all you will be allocated your acc manager in the next 30min after the morning briefing and so i waited. 3 hours later I recieved the call and we were to start the next day. Next day came nothing so i made contact still nothing the platform is not working and im left on the dark. So ive processed my widthdrawal but after reading the commemts on 12trader Ive lost hope.
So everyone out there be warned.

I won’t get my remaining money

I was trying to make a follow up about my remaining money that 12Trader is claiming to have sent and it’s clear that I will never get it. So stay away from 12Trader. You might find out that I was even lucky to get what I got. They are so crooked. Joseph McCarthy keeps telling me my money was sent. They are accusing my bank and my bank knows nothing about the money.

Money received is less than what was withdrawn

Hi readers who might be considering 1212Trader for future trading. I would like to share my experience with you, below are some of my reviews on the broker. I finally received my money on 09 August last week. The money reported to the bank as 164 EUR and converting it to USD it was about $190 and I had funded my account in US dollars and they returned my money in EUR and is even short. When I asked my account manager Joseph McCarthy he said he was going to make a follow up and he made a promise that the money will be then funded into my trading account because is small. Today I received the document I have been asking for long time ago and they are claiming that they sent me 204EUR. When I explain to Lina their customer service and support desk agent she my money was sent. I informed Joseph McCarthy about the latest findings about my money, he said my bank must have done conversion whereas I got a reference number to claim my money which was in EUR. The bank took commission from 164EUR I received. I called the bank to confirm the babnk said they only took commission after I made a claim of 164EUR and that is the end of the story.

If you want to get involved with 12Trader it’s your choice, I don’t find them honest and trustworthy. I had to fight all the way yet I am claiming my own money not even money I made in trading.

12trader – Withdrawal made but no money received

I wrote yesterday out of anger and disappointment on 12Trader, not even customer service and support desk was responding. Today I got a response from my account manager Joseph McCarthy saying that he was out of the office and Lina who seems to be the only person in customer service and support desk is also on vacation while Justin Jones who recruited me started by changing numbers and now I can’t get hold of him. Joseph is also begging me to rewrite my comment about 12Trader and tell the world I did wrong by writing I can get hold of them. He further says they are not holding investor’s funds they have released the money, he says if I want pity I should continue to write which is a threat and doesn’t stop there he says he is the one issuing monies to the bank if I keep writing about my experience with 12Trader he’ll make sure that I don’t get my money back from them. I couldn’t believe it. I have it recorded on my whatsapp. I am so devastated $238 is a lot of money for me and I need it. As per their withdrawal process they say withdrawal take 3-5 working days but not with me. They processed my money on the 25th and all I have been asking is a document that I can take to my bank for follow up with the bank and that is all.

They want to return my money

I made a withdrawal long time ago and it was processed on the 25th of July. I haven’t received my money since then and no one is responding to my query, Joseph McCarthy who was my account manager just tells my withdrawal was processed. I am only asking them to give me a document that I can take to my bank for follow up with them and they are not responding when I ask them to give me that proof that they deposited into my account.

Robbed off 12k

Robbed off 12k investment and profit.
I cannot access my account and they are not willing or able to assist me.

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