Reported Website: https://www.12trader.com/
12Trader, operated by Safe Side Trading LTD, claims that it won award in 2014. However, we checked its domain and found the domain has been created in 2015. How could it win award in 2014? It is a red flag. 12Trader presents an address in Saint Vincent and the Grenadines. So we searched Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) but found no matching results. In other words, 12Trader is not registered here. Besides, SVG FSA is not a forex regulator. It does not regulate forex brokers or issue forex licenses. So having registration does not mean being authorized to provide financial services. 12Trader alco claims to be located in the UK. As per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we did not find any matching results in UK FCA. That means 12Trader is not regulated in the UK.
