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Trade12 SCAM

Discussion in 'Scam Alerts' started by altucano, Feb 22, 2016.

  1. altucano

    altucano Corporal

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    Hi all,

    Intrigued from the Mike Tyson advertising of Broker I decided to open an account. They offer just mt4 accounts.

    I deposited 100$. I were called from Cyprus guys speaking italian language with romanian accent that kindly gave me all the support needed. He said and wrote to me by email that scalping trades is allowed.

    I started to trade with one of my EA and after some days and a small but good profit I tried to withdrawal.

    Results: Nothing...

    I contacted the Broker and after long and useless chat the Cyprus fake italian guy called me and told me that the SCALPING is not allow.

    I read carefully the Terms and Condtions of this broker and I read effectively that Scalping is considered a fault event. I asked to them what they consider "generically" Scalping and they reply me that the minimum Trade duration is 5 minutes.

    I said, ok. No problem, maybe it were my mistake (even if the account manager initially told and wrote me something different..). So I opened a sub account and started to trade with another EA that use more long term strategy, all trades duration were more than 5 minutes.

    After some days, I tried to withdrawal again, and after long wait, they found another excuse.... They say me:
    The EA are not allowed on Trade12 !!

    I said, sorry it is very strange, I never seen something like this!!!
    I asked again, where it were written on Terms and Conditions, myabe it were another my fault... And the reply:

    Oh... we are saying to you now. Now you know..! (no comment on this..)

    Today I still waiting for my initial deposit withdrawal that I ask them every day! They never give it me back!

    So in the end, this Trade12 is totally scam not regulated broker .

    Guys please pay attentions about this broker because the Mike Tyson advertising do not give you any guarantee to find a honest broker.

    they are fake scam.

    A.
     
  2. FxMaster

    FxMaster Lt. Colonel

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    Two steps that you must follow

    1st - Invite them to join this thread via email (Send email to every possible address).

    2nd - Go to their website and invite them to here via Live Chat
     
  3. FxMaster

    FxMaster Lt. Colonel

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  4. Lima.X

    Lima.X Recruit

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    For sure i don't open an account based on the pubblic figure that the broker uses on advertising, i wouldn't open an account affected by Mike Tyson, Athletic Madrid, Cristiano Ronaldo or else. I open an account when after seeing everything a broker offers. I opened the account with Trade12 after studing their platform, spread, leverage and other conditions. They said i can do scalping and i did. In fact scalping it's not recommended but almost all brokers allow it. I did scalping and i made withdraws without problems. I didn't use expert advisor, probably, that is the reason why i had no problems.
     
  5. Lima.X

    Lima.X Recruit

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    Hi Altucano. As I see the Trade12 responded you and seems things aren't like you said. You have used EA and that's the reason you earned so much (100$ to 300k in 10 days), for this you weren't able to withdraw. Every trader knows that EA is prohibited. I'm still working with Trade12 and I can testify that I never had problems on withdrawing. What I do, if I win ore lose, it depends on me, on my ability, but I have nothing to complain about Trade12. The platform is good and fast so I can open or close positions in less than 1 second, the signals and everything else complete what a trader need to work. And the most important think, they are correct on payments.
     
  6. Pharaoh

    Pharaoh Colonel

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    I'd consider sponsorship of Mike Tyson to be a good reason to avoid a broker.
     
  7. Lima.X

    Lima.X Recruit

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    Ha ha ha, ok, this might be a good reason.... :p
     
  8. Trade12

    Trade12 Trade12.com Representative

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    Greetings Mr. Altucano,

    While we deeply regret and feel sorry for any miscommunication you had with our agents, if there is, we must also convey that there's always the other side of the story. We were more than willing to have this settled but with no luck.

    Now for the record, it's notable to also state in here that you've gone all the way into earning 300k in just a span of ten (10) days and using only a one (1) shot deposit of 100euro. This is clearly not just a regular trading transaction. To clarify further, we have refunded your investment of a total of 100euro on 23/02/2016.

    We, at Trade12, always strive to give the best trading environment for our clients. But we have to make it clear that we won't tolerate improper trading practices. We regret that things didn't turn out to be well and though this was the case, we still wish you good luck on your future endeavors.


    Sincerely,
    Trade12
     
  9. consob

    consob Recruit

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    trade12 is unregulated unauthorized online forex trading provider warning by CONSOB

    Italy’s financial markets regulator Consob has just issued one more warning against an unauthorized investment services provider.

    The regulator today warned against Forex broker Trade12, offering its services via trade12.com. The company claims to be operated by Exo Capital Markets Ltd, a company incorporated in the Marshall Islands with Registration Number 68798. The processing services for this entity are provided by Global Fin Services Ltd, 1 Straits Parade, Bristol, England, BS16 2LA.

    The Italian watchdog stresses that Exo Capital Markets Ltd and Global Fin Services Ltd are not authorized to offer investment services in Italy in any way, including online (via trade12.com).

    The latest warning is published after earlier this month Consob warned against unauthorized binary options broker 55profit.

    We strongly advise you to only deal with regulated forex brokers, authorized by reputable regulatory bodies like CySec, FCA, and CFTC/NFA, among others.

    You can view the warning from Consob against Trade12 by clicking here http://www.consob.it/mainen/documenti/english/entutela/cns/2016/enct20160329_1.htm
     
    #9 consob, Jul 9, 2016
    Lasted edited by : Jul 9, 2016
  10. Lima.X

    Lima.X Recruit

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    Ha ha ha to my knowledge, the chameleon changes the color, not the name...
     

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