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Danger
UK FCA
2024-08-15
Twelve Whales LLC / https://www.twelvewhales.com/ 
Twelve Whales
No Regulation
Score
1.08 /10
Danger
Twelve Whales
Within 1 yearSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index3.68
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
Regulatory disclosure
Check whenever you want
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Warning: Low score, please stay away!
Previous Detection :
2024-12-24
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Twelve WhalesReview Summary | ||
| Founded | 2024/5/3 | |
| Registered Country/Region | United Kingdom | |
| Regulation | Not regulated | |
| Market Instruments | Forex, Indices, Commodities, Stocks, Cryptocurrency, CFDs | |
| Demo Account | ❌ | |
| Spread | Regular | |
| Trading Platform | Web-trader, Mobile trader | |
| Min Deposit | €10000 | |
| Customer Support | Phone | Support: +442034792265 |
| Trading: +442036578805 | ||
| support@twelvewhales-mail.com, | ||
| info@twelvewhales-mail.com | ||
| Address: 40 Bank St, London E14 5NR, United Kingdom | ||
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
| Pros | Cons |
| Multiple trading assets | High minimum deposit €10000 |
| Various account types | Only its own trading platform |
| Islamic accounts provided | Not regulated |
| Limited information | |
| Relatively new |
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.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Cryptocurrency | ✔ |
| CFDs | ✔ |
| Options | ❌ |
Account Type
Twelve Whales provides seven account types: Bronze, Silver, Gold, Platinum, Diamond, Premium and VIP. It also offers Islamic accounts.
| Account types | Minimum deposit |
| Bronze | €10000 |
| Silver | €25000 |
| Gold | €50000 |
| Platinum | €100000 |
| Diamond | €250000 |
| Premium | €500000 |
| VIP | €1000000 |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Web-trader | ✔ | Web | Experienced trader |
| Mobile trader | ✔ | Mobile | Experienced trader |
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.
| Contact Options | Details |
| Phone | Support: +442034792265 |
| Trading: +442036578805 | |
| support@twelvewhales-mail.com | |
| Support Ticket System | ❌ |
| Online Chat | ✅ |
| Social Media | ❌ |
| Supported Language | English |
| Website Language | English, French, Swedish, Croatian, Slovenian, German, and French. |
| Physical Address | 40 Bank St, London E14 5NR, United Kingdom |
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.
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