Trade12 company serves Forex traders, like many brokers for Poland.

Trade12 company serves Forex traders, like many brokers for Poland.

Trade12 company serves Forex traders, like many brokers for Poland.
John Dou - 16/02/2020

 

Trade12 company serves Forex traders, like many brokers for Poland. It is managed by Exo Capital Markets Ltd.

Start year

2015

Place of registration

Majuro, Marshall Islands.

Financial regulator

no

The opinion of traders regarding the basic information about the company is critical. Most of them are wary of the lack of a financial regulator. The broker received reviews for this with concerns about the possibility of a divorce and a scam. The comparatively short period of work does not cause optimism among the authors, since they do not see any guarantees of reliability in this, rather the opposite. The offshore location also gave rise to Forex broker reviews full of doubts as to whether they are scammers. The management of the broker by an external company has sparked a debate with a discussion of reliability.

Trading conditions

Like many brokers for Poland, the company offers a set of trading accounts that allows a trader to start trading at a different level of initial investment.

• Beginner - deposit from $ 250, spread from 1.2 (floating);

• Trader - deposit from $ 10,000, spread from 1 (floating);

• Expert - deposit from $ 50,000, spread from 0,8 (fixed);

• VIP - individually.

In addition, for all accounts:

• Leverage - up to 1: 400;

• The minimum lot size is 0.01;

• NDD execution;

• Requotes - no;

• Margin to maintain open positions - yes;

• Trading platform - MetaTrader4.

Trading conditions of the company did not cause a heated discussion on the network. The broker deserved reviews of both negative and positive nature in a fairly small amount. It is separately discussed, perhaps, the minimum deposit size that the Forex broker offers - the reviews contain the wishes for the appearance of a client account with a deposit of $ 100. Approval causes a lack of requotes and a relatively low spread. Although the floating spread for accounts with a low minimum deposit level has caused criticism.

 

Quality customer service

Like many brokers for Poland, the company offers traders:

• 24/7 support;

• free education

• information support;

• affiliate program.

For the quality of work with traders in Poland, the broker received a contradictory review. Delays in the work of the customer support service cause negative comments and accusations that the broker is a scam. But at the same time only a part of those commenting expresses indignation. According to other authors, the work of a support service is one of the strengths that a Forex broker has - positive reviews about it are also common. In general, we can say that the opinion in the comments about the company is situational and strongly depends on personal impressions.

Quality and settlement procedure

The methods of depositing and withdrawing funds use the most popular tools that brokers use for Poland.

• bank cards;

• bank transfers;

•     payment systems

  • Skrill;
  • CashU;
  • China Union Pay;
  • Paysafe card;
  • Ali Pay;
  • WebMoney.

Funds are credited by all means except bank transfer instantly. When paying through a bank, it may take 2 to 5 days.

Judging by the statements of traders, the speed and regularity of payments leave much to be desired. The broker received negative reviews in a fairly large number - from complaints about delays to allegations of fraud and scam. In addition, compared with the number of encouraging comments that the Forex broker deserved, reviews of a negative nature prevail. And with all the ambiguity of the statements in the mass, the opinion of traders is rather disapproving.

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