12Trader Demo Account Review
When Trading with Any broker you have to carefully consider which of the Forex brokers meets your requirements for trading platform, Mobile trading, social trading or trading signals. There are many forex broker reviews that do not go beyond the minimum deposit, account type and deposits and withdrawals options with a broker.
But we try in this broker review to show you that 12 trader can hold its own among forex brokers. The financial markets since when you trade forex, (you capital is at risk), requires to have access to a solid support team of wide range financial experts and 12trader is offering exactly this . for beginning traders and the more seasoned ones there are not many brokers offering better service
- Regulated By FSP
- Headquarters United Kingdom
- Foundation Year 2015
- Web: https://www.12trader.com
- Email: Support@12Trader.com
12Trader is an online Forex, CFD and cryptocurrencies trading platform. They have been on the market no that long but already slowly started to gather some followers.
The maturity of the company is due to the fact that the founders are all people that have been active within this industry for years. As such their combined knowledge and experience has taken this new brokerage to higher service and trader experience within a few years where an other broker might have taken longer.
12Trader Demo accounts and live trading
When you want to become a trader, professional or as a way to supplements your income and even those that just look to add some excitement to their lives, 12Trader gives you the option to open the 12trader demo account that will allow you to start trading without actually having to put up any funds.
I believe that every trader should always first open a demo account. The 12trader demo account allows you to learn about the mechanics of trading and develop and test your acquired trading skills and processes without any risk.
12Trader Trading Education
On the 12Trader Forex Broker website, you have straight away access to several tools that are to educate you on what trading actually means and what you should be aware of.
The courses are separated in clear categories and if you go through all of them you will find that you have become knowledgeable in topics that you were not even aware existed a few days earlier.
The reason this broker is doing that or any other broker for that matte is that for them money is in the retention not in a new client that puts $50 loses it and never wants to trade again, as they earn on the spread they want you to trade make profits and keep on trading. This requires patience and education.
Since they also understand that most people are inherently lazy everything is made for you to sit watch and just absorb.
12trader Free Signals
When you start, trading signals are one of the tools you should use to learn how to identify a good trading opportunity. This broker offers free signals to their traders and this will be a perfect opportunity for traders to test their signals and see if they are any good. At the same time, it will show traders when to enter the market and what to do.
Even I have been trading for years I still use signals as a tool to test my strategy and see if I missed anything, so once you start using them it will be hard to let go. The good thing is that this broker keeps on providing quality signals so you don’t have to trade without.
That said I urge you to never take them for law and always due your own analysis of the markets.
In order to provide the trader with the rifght trading experience and trtrading conditions 12trader is using the Sirix Trading platform.
This platform is an advanced web based trading platform which requires no download or software installation is required. The 12traders platform comes with a extensive charting package and a wide range of technical indicators that enable traders to stay updated with all the latests market developments.
The 12trader trading platform offers also an aspect of social Trading. This Feature Helps them to shorten their learning curve. the social Trading options offers you access to the live trades of others.
These live trades and pending orders show what other traders are doing and you will be able to see how many other traders have copied these trades. This is like a social trading indicator that will give you the trend at that moment
placed by other traders as well other updates such as how many people copied the trade. If you like you can directly copy trades from the “Social Stream”.
In addition, you can follow traders that you believe to be very good by analyzing their historical performance data. Once you have located a few of these traders (you are not limited but I would suggest to just follow a few) you can “watch” them.
Their activity is then updated in your “Traders I watch” stream which then gives you the opportunity to actually just automatically copy their trades. This is an amazing feature but be careful with this as you basically let someone else trade with your money.
12trader trading accounts
this broker offers different trading accounts in order to accommodate all level of traders,
there is another type of account but those are on invite only as they are for a minimum $100,000 investment.
12trader demo account Conclusion
The 12trader demo accounts is one of the better demo accounts for beginning traders, this fresh and young broker deserves the benefit of the doubt and is on its way to make a solid and respectable name for itself