who wants to learn a bit more about our friends
lets see what I found for you guys
TRADE12
Belongs to Exo Capital Markets Ltd,located in the Marshall Islands Registration Number 68798. However, one of their location is in Estonia Tomimae 5, Tallinn 10145. You would think that's it ... nope
I found out that they had also offices in Latvia Maskavas iela 224 - 69, Rīga, LV-1019
Officially Their company was dissolved on April 24, 2017.
So the current situation of this Company is No VAT registration with the European Commission. Worse it so happens that Exo Capital is actually a cover for Global Fin Services UK company - a company specializing in loans to people in financial difficulty, an other huge scam - tons of comments from scammed customers.
TRADE12 has no licensing or regulation in any country, they evade prosecution by changing parent company whenever things get too obvious and they are afraid to get caught.
Running away in the Balkans could be an option but unfortunately for them Bulgaria and Latvia have agreements with the EU Community.
You have to understand that we are facing a brand with a clever structure that bounces from lent name to an other lent name to hide their fraudulent activity; All you need is some funds to open an LTD in one of those offshore country and they are ready to start again.
Just for information a red flag has been hoisted and this is not the first warning we see against Trade12.
Last year, there were warnings from the FMA regulator for New Zealand and Australia, the Cyprus regulator CySEC and the Italian regulator CONSOB that banned their site in Italy.
In addition, Trade12 was reported by KROUFR, Russia's self-regulatory organization, following numerous complaints from customers and banned from Russian territory
All this information is easy to find, guys just take a minute to google info before you invest your money with a trading platform or binary-forex company.
Hope these info will be helpful