Twelve Whales was founded by Twelve Whales LLC in 2024 in the United Kingdom. There are many trading assets provided by Twelve Whales like forex, indices, commodities, stocks, cryptocurrencies and CFDs. However, the high minimum deposit €10000 and lack of regulation can bring many concerns.
Pros and Cons
Is Twelve Whales Legit?
Twelve Whales LLC. is a retail brokerage company in the United Kingdom. Its registration number is 2305 LLC 2022. However, even the local financial authority, FCA, discloses its danger on their website.
What Can I Trade on Twelve Whales?
Twelve Whales provides more than 250 instruments, including forex, indices, commodities, stocks, cryptocurrencies and CFDs.
Account Type
Twelve Whales provides seven account types: Bronze, Silver, Gold, Platinum, Diamond, Premium and VIP. It also offers Islamic accounts.
Trading Platform
Deposit and Withdrawal
Traders can deposit and withdraw through credit/debit card, bank transfer and selected cryptocurrencies. But fees and processing time are not mentioned.
Customer Service
Twelve Whales offers 5/24 customer support and traders can also contact by phone and email.
The Bottom Line
To sum up, Twelve Whales offers various trading assets to diversify traders' investment portfolios. However, it is not regulated and provides limited information, so it is not worth trading.
FAQs
Is Twelve Whales safe?
No. It is not supervised by FCA.
Does Twelve Whales truly offer commission-free trading?
No, it shows no information about fees.
What kind of trading platform does Twelve Whales offer?
Twelve Whales offers two trading platforms: web-trader and mobile trader.
