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12Trader Reviews

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Reviews 14

I will recommend Mrs.Sofia Leo to…

I will recommend Mrs.Sofia Leo to anyone that has been scammed by unregulated scam broker, she helped me in recovering back my lost funds. Click on my profile to get her details.

Happy to share my experience on how I…

Happy to share my experience on how I was able to recover my funds from this scam broker.

It was a painful experience for me to…

It was a painful experience for me to have fallen victim of losing my money to scambrokers but all thanks to Mrs Sofia Williams I got my lost funds back. Click on my profile for her email address

k a r l .f i s c h e t t i (at) premium recoveryinc com

Get your money back from this fraud of a company. I was able to get my investments back. check email up to contact funds recovery expert for help.

I lost all I had to unregulated scam…

I lost all I had to unregulated scam brokers but all thanks to Mrs. Maltida who has being of great help to me in recovery them back. Click on my profile to get her details

I saw some comments saying that lost…

I saw some comments saying that lost money. Hey! It’s all lies! Your money is sleeping in their bulk wallet as i found out. If you are still investing with them, just kiss your money goodbye!

This was my first attempt of investing in a scheme like this. I saw an ad on my Pc while surfing the web advertising different investments. They included companies like 12TRADER, magnum options and 24safe options. I checked them out but that of 12TRADER appeared more enticing because of their service offerings.

James Arker was assigned to handle my investment because i told them that I’ve no idea about trading. He promised to lead me through the process. By so doing he asked me to install a team viewer on my PC which i did. He controls everything himself and i was watching the money grow.

Some months later i tried searching for more investment companies in order to spread my investment and i read a bad comment about 12TRADER being a fraudulent company. I told James about it but he refuted saying that emanated from their competitors in the industry.

When i logged in the next day nothing was showing on my dashboard. it was showing zero. This is over a million euros because even my husband contributed to it.

Although through a review that i saw on TIMES OF ISREAL recommending HORIZON SECURITY i filed my complaint using (INFO AT HORIZON- SECURITY .O RG) i was able to get back my money but I’m yet to get back my returns on investment which they are still battling with.

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Double-check any claimed awards to…

Double-check any claimed awards to verify their legitimacy. All the awards on their page are false. They only add fake proofs to show they are real and legit. However, everything they do is show you is false. As they encourage you to invest more and more, but you won’t be able to withdraw all these funds.

To confirm that this is not false, you will observe that there are lots of recovery agencies promoting recovery of your lost funds here. They had swindled a lot of people of their money, I was in this situation too. You can recover all your lost funds from (Scam recovery aid 411 @ protonmail .com)

Careful! Hands off!

Careful!
No real scam, but incompetent, high high risk, dishonest and without any proper strategy! Their strategy is: “give me more money to survive bad times!”
Worked until I ran out of money at €69.500 – it’s completely gone now!
At the beginning you get a “business plan” sent via mail and whatsapp by an “advisor”, who claims to be located in London, but who is definitely situated somewhere in Eastern Europe (made the mistake to give me once remote access to his computer: time was GMT+2 and he was off on Orthodox holidays). This guy called himself “Mr. Baxter”, but this wasn’t his real name for sure. He offers to trade for you. I was very suspicious at the beginning, unfortunately not because of his expertise, but of the danger of scam.
Worked quite well at the beginning. I was just wondering, why he never worked with stop losses. He mentioned, that would produce too many losses.
Then the first bad invests started and I had to provide 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 into 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 guy even got cheeky!
And I was never told that there’s the risk of losing everything!
The money was intended for the education of my son.

Now, in retrospect, this can’t work! You’ll alway lose erverything at some point.
So, if you don’t want to lose all your investment: Hands off!

I was with this people for a year and…

I was with this people for a year and lost the whole lot, absolute scam, they will trick you to put money and lose them all, specially the manager called Mr.Vlad Anderson in tricking people to put more money. if you trust him, its your fault, you will lose the lot, he will play for higher LOT for his commission and guarantee you lose.
They will even stop or block your calls/email and will not reply your emails

12TRADER IS ANOTHER SCAM COMPANY LIKE CRYPTONXT

12TRADER IS ANOTHER SCAM COMPANY LIKE CRYPTONXT! I AM CALLING ALL THE SCAM COMPANY OUT!!

CRYPTONXT has been a pain under the belt! They are a major scam. After seeing good returns, I decided to withdraw some of my profit but I was denied and was told by my manager that I needed to deposit more money. I could smell the foul play in the air as a friend of mine once told me how he made a fortune and couldn’t make withdrawals. He lost all his investment to the dubious company. So, from experience, I knew it was best not to make another deposit. CRYPTONXT stopped responding to my phones calls and other correspondences. After wasting more money on private investigators and lawyers I employed the services of (globalassetrecoup.com) I have recovered 92% of my funds within 7 working days. 12TRADER is a scam!!

If you need help in recovery your lost…

If you need help in recovery your lost funds back from your scam platform that you invested your money with, check on my profile to get the contact of the professional trader that helped me

Thank you lisa for your continuous…

Thank you lisa for your continuous support..
Wonderful experience
Always green pips.
I invested 7650$ before 2 months and now my account ia growing my balance is 13700$
I have a support everyday, signals with TP and Stop loss with a great trading strategy.
Thanks for everything.

Very disappointed with 12Trader

Very disappointed with 12Trader. I have deposited the 500 USD as requested, and after less than 2 weeks lost more than half of it following their trade signals and advice.
Then they started (Lisa Hudson) to ask for more equity, After I refused she stopped providing any signals, and communicating with me. The server was many times down. I would strongly recommend to be extremely careful with that kind of trading platforms.

Does not like to use Stop loss all the time

My experience with this company was not a good one. I invested all of my savings with this company because their rep Vlad Anderson said the market is rich you can live off from trading. I told him i am not rich and i did not want to loose all my investement. He assured me that i was in good hands, he knows what he is doing he has 12 years of experience. Anyway in November the account manager did a trade for me in oil buy at volume 1 lot, and guess what he did not use a stop loss. Now oil was on a decline from since October and is still on a decline in January 2020. He has all the charts and analysis to see what was going on but he choose buy and not sell and therefore because of this i lost all of my investment. I did write to them and complain they sent me 30% which was 4000.00 then they got the account manager involved who decided i should get nothing and they took it.back. Now when they gave credit of 4000 it was placed in equity and i could not withdraw it, so to me it didnt make any sense. To make matters worst after he blew my account he started posting messages that we traders should always use stop loss to avoid a 0.00 balance. Now i am poor and broken and he is not accepting blame much less allowing the company to refund some of my money. This is not nice at all. I have 3 kids to feed, my mortgage is overdue the banks are calling me i am struggling just to put food on the table and i have not gotten a cent back from this reckless trading that one of their own did for me.
Shame on this company. I would not encourge anyone to invest here they start off nice with their big promises of making money but they dont care about their clients period.
Sonya
If anyone wants to contact me my email address

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Forex Auto Traders: A Scam or A Gold Mine

Automated Forex trading, also known as auto Forex trading, is the process in which you allow a computer program to either trade your Forex account or recommend trades which you may then execute manually.

The computer program executing or recommending trades will operate according to a set of rules which will govern the generation of trade entries and trade exits.

Implementing automated Forex trading can be done by either building your own computer program, buying one, or even obtaining one for free, and then attaching the program to your trading platform. Many Forex trading platforms, especially MetaTrader 4 and MetaTrader 5, are designed to accept such programs easily.

The main advantages of auto Forex trading are that it can remove emotional and human factors from your trading, and also that it can execute trades 24 hours per day and free the trader from the need to be sitting in front of a computer terminal.

The main disadvantages of automated Forex trading are firstly, that if there is any bug in the software, it can make a huge amount of unnecessary or poor trades very quickly and blow your entire account. Secondly, if you buy a program whose rules are secret, and you entrust it with your account and leave it running, you may return later to find very unexpected results. This is why it is very, very important to back test thoroughly any auto Forex trading program or “robot” before attaching it to a trading platform on which you are running a live, “real money” Forex trading account.

How Do Forex Automated Systems Work?

If you are going to trade Forex, sooner or later you will hear about automated Forex trading systems. They are also called “robots”, “expert advisors”, and “auto traders”. No matter what you call them, they all operate in a similar manner. While the exact technical set ups will vary from system to system, the operation of them will essentially be the same.

You will download and install the system to your Forex trading platform and set up should only be a couple of steps. The basic premise of these things is that they are essentially an “add on” to your trading platform. This allows for easy installation, and uninstalling is just as simple. Because of this, many traders will actually have several different systems that they use in a variety of market environments.

The systems will fall into two basic categories: automatic and semi-automatic. The automatic ones will place trades for you, without any input from you at all. The semi-automatic ones will simply give you a signal or suggestion as to which way to trade a particular currency pair, and you may then place the trade yourself.

The automatic systems will simply buy or sell based upon a possibly complex mathematical formula that tells the computer when it is time to enter or exit the trade. The automated Forex brokers system simply does all of the work for you. It is very common for these systems to have a hidden proprietary algorithm that you never see in order to make these decisions. The one thing they will all have in common is that they are all mathematically based. Hiding the algorithm is just a simple way of protecting their intellectual property.

The auto Forex trading system type offered by Forex automated traders will simply let you know when it generates a signal to buy or sell. The system will still have that hidden algorithm that you won’t see, but instead of it automatically placing the trade on your behalf you will often see some kind of pop up alert when it is time to trade. You can then choose as to whether or not you want to trade the signal, allowing greater flexibility for the trader.

The majority of these systems are made for the MetaTrader 4 platform as it is by far the most popular one out there. There are systems made for other platforms such as DealBook 360, NinjaTrader, TradeStation, and many others. However, you will find a huge supply of them for the MetaTrader 4 platform as even the brokers that use other platforms will often offer MetaTrader 4 as well. There is also a large amount available for the MetaTrader 5 platform, which is not always compatible with MetaTrader 4.

The better Forex automated trading systems will come with a money back guarantee. Because of this you should be able to feel somewhat comfortable with the software as your money can be refunded. However, it is recommended that you try a new system out on a demo account just to make sure it performs to your required standard. Like anything else, there will be some that are better than others and your mileage may vary so to speak.

Forex Auto Traders: A Scam or a Gold Mine?

The rapid speed at which the Forex market is growing has many consequences, some better than others. On the one hand, there are endless resources online for learning and becoming an expert on the largest most lucrative market in the world. There are also many more people around the world who are spending their days and nights testing the waters of Forex trading.

Other positive outcomes of Forex growth are more Forex brokers and services from which a trader can choose. On the other hand, the great popularity of Forex brings with it some problems that require caution on the part of the Forex trader. One of the biggest issues in today’s online Forex community, as well as the general Web community, is spam. When it comes to surfing the web and encountering annoying popups or receiving bogus emails, as annoying as these occurrences are, 99% of the time, they are annoying and nothing more. Of course, there is the occasional online scam, but with the widespread use of online communication such as email, messenger, and social media, most people know to stay away from those types of things.

When it comes to Forex spam, however, it is a totally different ball game. There is money to be lost as a result of the different types of Forex spam that traders encounter on a daily basis. The most common type of Forex spam is advertisements for Forex robots or auto forex trading systems. The big question regarding these auto traders is “Are they all bad? Are there some legitimate ones and are they worth trying”? The answer is that they are NOT all spam and that there is a LOT of money to be made by using auto traders, but for that, you need to do your homework.

An Introduction to Auto Traders

First, let’s try to understand why one would use an auto trader and what are its advantages. As, we said earlier, one of the biggest downfalls of the Forex trader is emotion. While being in touch with your emotion will get you far in life, it will set you back in your Forex trading. It is important to set yourself a trading strategy and stick to it, NO MATTER WHAT. This is harder than it sounds. Just imagine you define your trading technique, and for days, all you see are losses. Could you control yourself and not become overly emotional at this result?

Alternatively, if you are seeing constant profits, would you not be swayed by greed to trade with too high a risk? It would only be human. Precisely for this reason, it can be a smart tactic to remove the human factor from your trading. The way to do this is to automate your trades.

There are many auto traders out there that perform technical analysis and decide when to open or close trades, while its primary “concern” is to keep you on the winning side. Unlike Forex brokers who occasionally profit from your loss, auto traders work for you and not against you. This could of course be a reason to be wary of Forex auto trader which you see promoted by Forex brokers! Another reason to use auto traders is that they can trade 24 hours a day, even when you are not near your computer.

Imagine, you can be at a friend’s party and find out that you just made a huge profit, it’s like the feeling you get when finding money in your pocket multiplied by 100. Let the auto trader do all the work while you sit back and enjoy the fruits.

Finally, auto traders can be a great and effective trading tool for any Forex trader, no matter how experienced they are. However, it offers a huge advantage to new traders. They do not need to know the market, how to read the charts, or what a certain currency will do in the market today. Essentially, you do not need to know anything about the Forex market, and you can become a very successful Forex trader.

Choosing an Auto Trader

Now that we have established that Forex auto traders can be a wonderful thing for traders, how do you choose one?

There is no one way to decide which auto trader to use. An important and crucial tip in ensuring your auto trader is legitimate and will bring you profits and not losses, is of course to read reviews. You can read professional reviews as well as user reviews, but make sure these are objective opinions and not written by the people who are behind the system that is being reviewed.

Before entrusting your money to an auto trader, you should back test the auto trading program against many years of real historical Forex data, ideally over 20 years. Then you can see how badly it would have done in a “worst case” scenario. A good risk manager would plan to encounter another scenario which would be twice as bad. So, for example, if your back test shows that the auto trader lost as much as 30% at some point over the last 20 years, you should plan for a worst-case scenario of a 60% loss in the future. Of course, you should be able to adjust the risk by playing with the position sizing element of the auto trader to ensure that the risk is adjusted to the worst drawdown you are prepared to sit through.

Another way to take precautions before buying a Forex auto trader is to look for a few signs when examining the company at hand. Here are a few questions you should ask yourself when choosing a Forex auto trader:

  1. Do they offer a money back guarantee?

Most reputable auto traders are so confident that their product works, they will offer a money back guarantee ranging anywhere from 30-60 days after the purchase. This means if you buy the software and realize soon after, it is not for you, you can receive a complete refund. This is a must when choosing a Forex auto trader. If you have this guarantee, it lowers the risk of a scam to virtually zero.

  1. Do they offer a free demo?

Similar to choosing a Forex broker, one of the first things you need to do when choosing an auto trader is test it out. When buying a car, would you not test drive it first? Make sure to do the same in your Forex trading. Test out the software before purchasing it. However, it is also important to take into account that demo accounts are not always 100% accurate, so take the results of the demo with a grain of salt.

  1. Does their website annoy you?

Lastly, this is a universal rule when it comes to buying anything online. Go to the vendor’s site and look out for any popups/illegal activity/inappropriate advertisements. This is not always the case, but it is a precaution worth taking. 9 out of 10 times, a site that displays annoying and shady popups will offer a questionable service as well. If this vendor associates itself with shady businesses or the online pornography industry, you should think twice before investing your money in such a company. As I said, this is not across the board, there are some very legitimate online businesses that feel that a popup covering your entire monitor is effective marketing. They are wrong, but that does not make them a scam.

The bottom line is that online scammers choose to scam in areas that are full of potential. Nobody is going to click on a spam advertisement for a computer from 1981, scammers know what they are doing, and they choose topics that will draw attention. Forex auto trading has endless potential when it comes to making you significant profits, but just like anything else online, you must proceed with caution

Adam Lemon

Adam Lemon began his role at DailyForex in 2020 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.
Learn more from Adam in his free lessons at FX Academy

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