12Trader Review 2023

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/ 5
12Trader is #107 in our CFD broker rankings.

12Trader is a regulated online broker offering trading in forex & CFDs.


Demo Account

Trade Signals

Islamic Account
Forex, CFDs, indices, stocks, commodities, cryptocurrency
PayPal, Neteller, Skrill

Forex Trading

Forex trading on dozens of majors, minors and exotics

Stock Trading

Shares available to trade on some of the world's largest companies

CFD Trading

CFDs available on indices, stocks, FX, commodities, and crypto pairs

Crypto Trading

Trade cryptocurrency CFDs

12Trader is an online broker offering forex, CFDs, stocks, and cryptocurrencies through a web platform and mobile app. This review explores the pros and cons of 12Trader, including their demo account, free daily signals, and social trading. We will also unpack the deposit and withdrawal options to give traders the information required to make a safe, informed choice.

12Trader Details

12Trader was founded in 2013 and established in the United Kingdom, where its international offices are based. Created by a group of financial experts, 12Trader offers trading in a large range of stocks, commodities, indices, and cryptocurrencies with personal advisors and free market analysis.

SIRIX Trading Platform

12Trader use the web-based social trading platform – SIRIX. Without needing to download any software, traders can use SIRIX to quickly execute trades from any computer. SIRIX comes with an advanced charting package and multiple indicators. The built-in social trading stream lets you learn from and copy other traders.

12Trader platform
12Trader platform

Assets & Markets

12Trader offers a range of markets and tradeable financial instruments. Not only can you trade with 41 forex pairs, but there are also CFDs and cryptocurrencies such as Bitcoin, Ripple, and Litecoin, along with indices, commodities, metals, and stocks.

Spreads & Commissions

12Trader earns its money through the spread. Minimum spreads with the Gold account are in line with other brokers, for example, 0.6 pips on the EUR/USD pair. However, spreads are less competitive for Silver and Micro account holders. Still, the lack of commission on any trades puts 12Trader in a strong position from a trading fee perspective.


12Trader offers leverage at a base rate of 1:200 for all account types. This can go up to 1:300 and 1:400 for Silver and Gold account members – higher than many brokers. Even though leverage can be used to increase potential profits, the risk of losses is also much higher, so should be used with caution.

Mobile App

If you are a Silver or Gold account holder you can download the 12Trader app to trade on the go. Available on Android (APK) and Apple (iOS) devices, the mobile application offers real-time charts, access to trading history, and instant executions on a fully functional platform. This means traders can open and close positions, manage their portfolio and access live rates with nothing but a phone or tablet and the internet.

12Trader mobile app
12Trader mobile app

Payment Methods

Deposits and withdrawals are both easy and secure with 12Trader. Their accounts can be funded using a wide range of debit and credit cards, including Visa and Mastercard, as well as PayPal, Skrill, and wire transfers. The large range of payment options is a good sign for the security and safety of a trader’s money because, for each method to be added, 12Trader must satisfy several security standards prescribed by the payment company.

The minimum deposit varies between accounts but starts from $500. There are no payment fees.

Demo Account

12Trader offers a free demo account that is a great tool to get a feel for the broker and explore day trading. Run on the same platform and following the same login page, but using simulated money and markets, the demo account means you can get to grips with the platform and trading strategies before opening a live account.

Deals & Promotions

There are no special deals or promotions offered at the time of writing. However, users are offered an educational centre with webinars, plus forex training videos for experienced and inexperienced traders alike. 12Trader also provides free signals, daily and weekly market analysis, an e-book, and a credit card for Silver and Gold account holders.


As day trading puts your capital at risk, safety and security are of vital importance when considering a broker. Although headquartered in London, 12Trader is regulated by the Vanuatu Financial Services Commission (VFSC) and Cyprus Securities and Exchange Commission (CySEC). Despite this, there have been some negative customer reviews, so we recommend caution when opening a new account.

Additional Features

There are several additional features offered by 12Trader to make trading and analysis easier. There is an education program designed to help newer traders learn the basics of forex and CFD trading. The course is a great way to better understand trading terminology, risks, and investment strategies. For experienced traders, there is a program detailing advanced strategies and market analysis. 12Trader also provides an economic calendar.

12Trader Account Types

12Trader offers three real money account options:

  1. Micro – The most basic account type, designed for easy accessibility into forex and CFD trading for new and inexperienced traders, with a minimum deposit of $500.
  2. Silver – Aimed at more experienced traders, offering a credit card, access to the full education centre, more tools, and the mobile platform for a minimum deposit of $10,000.
  3. Gold – For a minimum deposit of $25,000, Gold accounts come with additional customer support, advice options, and more competitive spreads.

All of the above options can be opened as Islamic accounts that are in line with the principle of interest-free trading.


Strong reasons for choosing 12Trader include:


Unfortunately, 12Trader does fall short in a few areas:

Trading Hours

The bespoke trading platform is open and useable 24/7, however different markets will open and close at different times, so there can sometimes be a knock-on effect when trading certain instruments over the weekend, for example.

Customer Support

Customer service is a heavily emphasised aspect of 12Trader, providing every account with a personal account manager that can answer questions, provide guidance, and help explain the direct signals service offered.

12Trader can be easily contacted in several different ways, with teams available 24/6:

Follow their latest platform and promotional news on Facebook and Twitter.

User Security

All confidential information is encrypted using a 128-bit Secure Sockets Layer (SSL) protocol. The platform and site are protected with electronic firewalls and isolated servers.

12Trader Verdict

12Trader provides an effective, competitive service for traders of all experience levels, offering strong customer support and leverage rates. The range of tradeable asset types and commission-free trading make it a great broker to explore and trial, which can be done with their free demo account. However, it should be noted that the presence of negative reviews may deter some prospective users. As such, we recommend considering other brokers first.

Accepted Countries

12Trader accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use 12Trader from United States, Syria, Korea.

Payment Methods

12Trader Details

Minimum Trade 0.01 Lots
Regulated By CySEC, VFSC
Islamic Account Yes
Mobile Apps Yes
Margin Trading No
Volatility Index No
Spot Trading No
Perpetual Swaps No
AI / Machine Learning No
Robo Advisor No
P2P Trading No
Negative Balance Protection No
VPS Hosting No
Tournaments No
Demo Competitions No
Managed Accounts No
Market Maker No
Social Trading Yes
Trade Signals Yes – daily
Guaranteed Stop Loss No
  • Gold

CFD Trading Details

FTSE Spread 1
GBPUSD Spread 0.6
Oil Spread 0.05
Stocks Spread Variable
Leverage 1:400

Forex Trading Details

GBPUSD Spread 0.5
EURUSD Spread 0.6
EURGBP Spread 0.5
Assets 41

Cryptocurrency Trading Details

Crypto Spread Variable
Crypto Lending No
Crypto Staking No
Crypto Mining No
Crypto Auto Market Maker No
Crypto Coins
  • BTC
  • LTC
  • XRP

Compare 12Trader

Compare 12Trader with similar brokers that accept traders from your location. Among available brokers these are the most similar to 12Trader:

  1. IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
    Go to IG Group
  2. Just2Trade – Just2Trade is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme.
    Go to Just2Trade
  3. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
    Go to World Forex

12Trader Comparison Table

Compare 12Trader With Similar Brokers
12Trader IG Group Just2Trade World Forex
Rating 1.5 4.4 3.5 4
Markets Forex, CFDs, indices, stocks, commodities, cryptocurrency CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Stocks, ADRs, ETFs, Futures, Options, Commodities, Bonds Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
Demo Account Yes Yes Yes Yes
Minimum Deposit $500 $0 $100 $1
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Bonus Up to $2,000 for professional accounts 100% Deposit Bonus
Education No Yes No No
Platforms Own MT4, AutoChartist, TradingCentral MT4, MT5, TradingCentral MT4, MT5
Leverage 1:400 1:30 (Retail), 1:250 (Pro) 1:20 1:1000
Payment Methods 3 6 20 10
Visit Visit Visit Visit
Review 12Trader
IG Group
World Forex

Compare Trading Instruments

Compare the markets and instruments offered by 12Trader and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare 12Trader Trading Instruments
12Trader IG Group Just2Trade World Forex
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil No Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No Yes No No
Silver No Yes Yes Yes
Corn No No No No
Crypto Yes Yes Yes Yes
Futures No Yes Yes No
Options No Yes Yes No
ETFs No Yes Yes No
Bonds No Yes Yes No
Warrants No Yes No No
Spreadbetting No Yes No No
Volatility Index No Yes No No

12Trader vs Other Brokers

Compare 12Trader with any other broker by selecting the other broker below.

12Trader vs


Is 12Trader Regulated?

Yes, both the Vanuatu Financial Services Commission and the Cyprus Securities and Exchange Commission regulate 12Trader.

Is 12Trader a trustworthy broker?

12Trader is a legitimate forex and CFD broker regulated by two different commissions, has a wide variety of payment methods and high levels of cybersecurity; all of these are good signs for a trustworthy and safe broker. However, as trading puts your capital at risk, you should always exercise caution.

Does 12Trader offer negative balance protection?

Yes, negative balance protection is available, which stops your account from going below zero, even if the market drops suddenly.

Is there a 12Trader demo account?

12Trader does offer a demo account with a lot of functionality, allowing you to get a feel for the platform and try different strategies.

Does 12Trader offer copy trading?

Yes – social trading at 12Trader allows you to easily follow and copy the trades that high-ranking traders make. There are also ways to communicate and interact with other traders, such as comments, likes and links.

12Trader is a regulated online broker offering trading in forex & CFDs.