The slogan of this brokerage firm is “Confidence, Integrity, Reliability”. Meanwhile, the broker indicates in the contacts the address of the office in London, and in the Terms of Use it informs about the company’s registration in St Vincent and the Grenadines and headquarters in Kingstown. It is worth noting that no documents on the site can confirm that this organization is licensed in the UK or other jurisdictions.
Can you trust such an intermediary or should you not risk your money? In the Twelve Whales review, we will determine whether this broker is worth your time and investment.
How to Trade
The broker offers 6 asset classes, including indices and cryptocurrencies. Clients can earn using the following investment features of the platform:
- 6 account types.
- Social trading.
- Islamic accounts.
Twelve Whales does not disclose the fees, spreads, and other basic trading parameters. The broker promises to keep clients’ funds in separate bank accounts but does not disclose their details.
On the website, traders have access to a ticker with current quotes, a personal assistant and e-books. For quick consultation, a feedback form is provided.
Twelve Whales Vital Info
The platform’s lifetime and the project’s history are not disclosed on the website. Meanwhile, we can determine the start date of the brokerage service by domain registration. According to Whois information, this firm has owned the domain name twelvewhales.com only since May 2024. Such a short period for the brokerage company raises concerns about its experience and reliability.
The broker’s official website also lacks sufficient legal information, which makes us suspicious about its legal activities. We checked the registration of Twelve Whales LLC in the St. Vincent register of legal entities and the license in the lists of the British Financial Commission FCA and found that this firm is not listed anywhere. It is likely that the site is run by private individuals who operate outside the legal framework.
I don't see any pluses that I can use to open a deposit here. The disadvantages of this broker are very many, I will list them for you now. 1) There is no license. This is the most important point. Unlicensed brokers pose a threat to you and your deposit. Usually, it is the scammers who do not have a license. 2) There is no information about the date of the company's creation. However, you can see on the Internet that the domain was created only in May 2024. Which means that the firm has no reputation, although it claims to be reliable. The tenure for a brokerage company should be at least 5 years so you can trust it, and twelve whales doesn't even have a track record of six months. 3) Minimum deposit $10,000!!! Where does such a cheap resource have such incredible ambitions? Its website costs $10. There is not even a training account so that you could test the broker's services - how convenient it is to trade? How does the terminal work? There is no such service. Do you have the desire to risk such a sum? 4) There is no demo account, and this is an important option. A professional, honest broker will always provide such service. But this is not the case!!! 5) The legal registration of Twelve Wales is in an offshore zone. The site owners have done this not to hide taxes, but to make it easy to take your money. Most likely, you will not get to these offshore islands in any way. No one will help you if you lose money here or become a victim of fraud. I've listed all the shortcomings, the rest of the trading features seem adequate to me. I don't know how managers behave with customers, whether they call often or not. However, I definitely don't want to check this, you can find out for yourself if you leave your details on twelvewhales.com. However, I can conclude that trading here is very risky.
This site is an outright scam!!! The scammers are not withdrawing the money I made trading with TWELVE WHALES, as well as the money I deposited here, including the $12,800 I originally deposited and about $1,170 I made here trading cryptocurrency, they won't let me withdraw anything!!! I can't log into my account, it's impossible because the program gives me an error that I'm entering my password or login incorrectly. Of course, I tried to contact tech support but it was useless, even when I decided to recover my password, I sent several emails to the email address from which I opened an account at twelvewhales.com, 2 weeks ago, but no reply has come till now.
I have been working here for a short time, it is a standard platform with a simple interface, I can't call this broker the best, but the company has the growth potential. I can recommend TWELVE WHALES for those traders who are looking for new broker resources, and although there is no demo account here, but there are low commissions. I will warn you that there may be dramatic changes here, as the company has been operating for a short time and is constantly improving its terminal and service. I recommend you to read fresh reviews and read expert reviews first, maybe things will get even better soon or vice versa, I cannot recommend TWELVE WHALES for inexperienced beginners, but professionals will find here good leverage and minimal commissions per order.
The technical support here is incompetent, and there is also a disgusting work of the site - constant freezes and very long answers 👎 There is no training here, perhaps the owner of the terminal is counting on a more experienced audience. However, the conditions here are so unfavorable that smart traders will not deposit money! As for the documents, not everything is transparent, and I have a lot of questions about registration in an offshore. The broker requires a huge deposit, with the firm operating in London and not licensed in the UK!!!
If you really want to lose time and your money, then the owners of this company will gladly help you in this. The fact is that this company is a scam, which has long started its work, but the crooks constantly change names and they have a bad reputation on the network. They profit from ordinary users and do not return any money, they take everything away or block accounts. I experienced this first hand not too long ago and lost all my money here in a week. So, I don't recommend...
You should not trust your money to this brokerage company. This is a fake site where scammers conduct trades, but they are not real, just a simulation. These scammers are constantly opening new sites, I already instantly recognize them by the types of trading plans and immediately write reviews everywhere. They have already scammed many people, including me. I got hooked by these scammers 3 years ago and lost more than $13k then. If you open an account here, you will see that you are trading inside the Twelve whales terminal and you will see that your money is stored in the company's accounts. However, I don't recommend you to experiment with such a large amount of money. Scammers may not be able to withdraw your money, or help you drain your capital in a couple of days. They have no regulatory license, so no one will punish them, no one will fine them, and no one will close this scam. Moreover, the jurisdiction is offshore, which means that you will not be able to punish them in any way, neither with the help of the police, court, or prosecutor's office. They do not have an office on the territory of the UK or neighboring countries. You can't visit them in any way. I don't even know what kind of adequate trader would trade through this outright scam. At least now I am looking at Twelve whales from the outside and I do not see anything attractive, positive here. There are no clear conditions here, nothing interesting at all, which you could get hooked on and decide to open an account. There is neither a demo account nor adequate tariffs. Twelve whales is known to many experienced traders, they write on forums on the Internet that this is a typical scam, where they steal clients' money, do not withdraw, 99% and eventually close their own site and open another one in a week, which will have all the same bad conditions and manipulation of the broker by the trader's trade. My advice is to avoid this scam and all other companies that are similar to it. You will be better off, you will save money, nerves and time.
Managers invited me here by phone, I was very surprised then, I thought it was a spam call, and then I remembered that I myself left my contacts on this site. However, I have never regretted registering an account on twelvewhales.com, I quickly made my first profit of €846 and withdrew the money without any problems :) I don't understand those traders who are afraid to get involved with new platforms, I think that sometimes you need to take risks, otherwise you will never see big money for sure. I have been using Twelve Whales terminal for about two months now, and I don't plan to move to another broker :) There are some good offers here in terms of trading conditions. Commissions are low, managers do their job well, but trading volumes are still small. In general, I liked everything, the broker pays profits without cheating. Although the withdrawal of money here is long, I waited for 5 days, but most brokerage firms have about the same story with the withdrawal of funds, but I do not understand why they need such a long interval.