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12trader Review вЂ“ Is it scam or safe forex broker?
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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
Methods of payment
|High minimum deposit|
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.
Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.
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.
Traders` reviews for 12trader
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 в‚¬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 в‚¬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!
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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
Account manager from 12TRADER blown $300k
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.
12Trader are Scammer
12Trader are Scammer. Traders Beware
12trader is a serious SCAM, BEWARE
12trader is a SCAM
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.
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!
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
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 4500в‚¬. 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.
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.
TorOption review – Broker to Trust or a Scam to Avoid?
TorOption was subjected to our honest inspection. In this review, we will reveal whether is TorOption a binary broker you can trust or a scam you should avoid.
Every binary broker needs to have certain licenses so it could legally operate on the financial market. When searching for TorOption licenses we didn’t find any. But what we found is an alert from Canadian provincial regulator, the Manitoba Securities Commission (MSC), that TorOption illegally conducts their services in Canada as unregistered binary options broker. (source: financemagnates.com).
First impression of TorOption
TorOption is a fairly new broker, which started its operation in 2020. Their website gives very modern and innovative impression. However, currently the broker does not have any licenses and therefore TorOption is not overseen by any regulatory authority. That means your deposits are not insured as when you trade with brokers that have CySEC license. So the broker can do practically whatever it wants. And in real practice most such brokers do, just take a look at Binatex, it is very similar case. I think it is very risky to trade with such brokers, especially when there are no benefits from it. On the binary market, there are far superior brokers with better offers that these licenses do have.
TorOption trading platform
TorOption uses famous trading platform – SpotOption. As you may know, SpotOption is easy to use platform in which is very easy to orientate. Selecting of assets is nicely solved into individual sections: currencies, commodities, indices, stocks. TorOption has only a web-based platform, a mobile platform is not featured. Payouts are not as high as at IQ Option or 24option, but they are still quite decent, they usually range from 70 to 80%. Apart from classic binary options, TorOption also allows CFD trading. Maximum leverage here is 1:500, stop loss or take profit can be set up as you need.
Minimum trading requirements
Trading requirements at TorOption are quite high. The minimum deposit is 350 USD and minimum trade is set to 25 USD. Withdrawals with this “mini” account take 10 days. If you want your withdrawals to be faster, you need to deposit more money. On standard account, which starts from 10000$ it takes about 7 business days. Which is still quite a lot in comparison to a competition where it usually takes from 24 hours to 3 days. If you want to withdraw your money from the broker, you need to have at least at least 50$ on your TorOption account. When you use your credit card you do not have to pay any fees for the request, however, when using a bank transfer, you will pay an additional 25$
Demo account and deposit bonus
TorOption does not include in its offer a free demo account. As you may know, any broker licensed by CySEC is prohibited from offering a deposit bonus. It is for the reason that most of the brokers took advantage of this possibility and they made a really hard time to their traders with their withdrawals. However, TorOption does not legally operate so it can do as it pleases. Deposit bonus here is 10% for traders who deposit 350$ and 50% for deposits over $10000. I would not be even surprised if these numbers were to change when they call to their traders, so they could make their offer even more attractive. They can practically offer any bonus they want, now the question is how many of the traders that accept this bonus will be able to withdraw their money then. If you decide to trade here despite our recommendation, pay a really close attention to terms and conditions they have, especially for their bonuses.
Final word, is TorOption a scam?
TorOption is an unlicensed broker that does not have exactly a great reputation. The overall offer is not bad, however, the broker has quite a high minimum deposit and it does not offer a free demo account. Payouts are decent, but not great either. Therefore, we do not recommend choosing this broker to our traders. We think that your hard made money shouldn’t be at stake with a broker that operates illegally,
Final verdict: Not recommended, reliable competition is several levels ahead.
Reason to avoid: Offshore license
Listed Date: February 12, 2020
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FP Markets Review
Beware Brokerz is a Non-Regulated broker. It is NOT SAFE to trade.
Is Brokerz a scam or legit broker?
No, Brokerz is not safe to trade with it. Brokerz is ownув by Brokerz ltd which is an offshore company registered in St. Vincent and the Grenadines.
Brokerz offers trading with Forex, CFDs, stocks, commodities and indices. The broker doesn’t disclose any information about its regulation and we suppose it does not fall under any regulatory oversight.
“Brokerz Ltd is not entitled to carry out banking transactions in Austria that require a license. The provider is therefore not permitted to trade in financial futures contracts (futures) on its own account or on the account of others”
We advise all investors and traders to avoid Brokerz and other brokers from St. Vincent and the Grenadines. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as etoro and plus500.
55brokers.com for Forex Broker Reviews
be aware brokerz is a huge fraud the do not intend to return a cent back,the story has polite account managers almost everyday phone calls and fake assistance to help you make profits ,but as soon as you request even a small amount of your money back that’s the end of the story,they dissapear it seems like they never existed the only sign of life there is the support department wich keeps saying we are not aware of your account manager’s schedule.There is no happy end at their story.BE AWARE SAVE YOUR MONEY
No news available.
14 responses to “Brokerz”
Do not invest with this company.
Comment AreaSTAY AWAY.
In 19/4/2020 I opened an account of 250€ by credit card and they offered me a bonus 150€.
I tried to withdraw 335€ and my fears came true. The same email come back to me about bonus restrictions.
If you are from greece I need to communicate with you immediately
Cheats have stolen me
I have been scammed by them I remember two names one is Roy Evans and the other are Alex Johnson.
They have taken 750 Dollars in two weeks.i became suspicious after the second withdrawal, but the third was so quick without my say-so and I began to investigate them.
I am trying to get my £250 back from them and these are the same names I have spoken to and also had the phones calls dropped on me twice today saying that they dont hold peoples card details on their systems and no DPA or SECURITY processes when they calm you. I wish I had not done this and feel so stupid, but I will hound then for my money back.
BrokerZ is a total Scam!!
The money you invest will never come back to you.
Best not to invest in BrokerZ and CFD Trend.
Im not sure they trade at all.Their plalform is totally fake!!
Hi so reading this I fear I have been a mug and fell for this. Reading above the same behaviours appear to be all the way through these like trying to withdraw, trying to close accounts, open trades etc. So I am worried, is there a way to get any of your money back through help or scam recoveries has anyone tried
Stage 1 – Hear about the site (possibly from fake news
I opened an account in this company and am not led to all those passions that are painted on the sites. Account opened on the recommendation of a friend, he earns with them and recommended me.I started earning, not just draining. Now I know for sure that there are honest companies, you just need to be very careful about finding it.
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