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.

The company states that it does not give guarantees regarding the uninterrupted and secure operation of the site.

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.

FAQ

What are the key facts about Twelve Whales?

The owner of the resource indicates the address of the company's office in London and headquarters in Kingstown. Despite this, this organization is not in the registers of St. Vincent and the United Kingdom. Besides, a fresh domain indicates a short period of operation of the project, and the lack of a license sheds light on the work of this intermediary without any regulation of its financial activity.

What's the risk to my wallet when working with this broker?

The lack of proper registration of a legal entity and license indicates that you can easily lose all your funds when working with the hero of our review. Moreover, your risk of loss increases up to 100% when trading CFDs with opaque conditions.

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