Should You Trust Twelve Whales? A Comprehensive Review of twelvewhales.com

Unscrupulous brokers often pressure their clients to deposit as much money as possible, promising that an additional payment will finally allow them to earn a substantial amount. In reality, this is never the case. Such organizations never pay out the earned funds to clients and use any excuse to cancel the payout, forcing the person to deposit more. This Twelve Whales review will discuss one such organization, which has already “established” itself as fraudulent.

Is Twelve Whales a Trusted Platform?

There is very little information about this project on the internet, and even if you try to find details about Twelve Whales, you are unlikely to find a positive review from a reliable source. Although the project administration claims that the official website has been operational for a long time and the broker is popular worldwide, this is not true.

You can check the site’s activity using special services that display the number of user visits and their geolocation. On average, the site gets no more than 50 visitors per day, with only 3-4 of them registering. The main audience consists of traders recommended by friends looking to earn from the referral program. Broker Twelve Whales often sends emails to clients offering $200-300 for each referral, despite such promotions being banned by regulators, a restriction the platform administration disregards.

Additionally, the administration claims that clients’ funds are stored in secure accounts. This is only possible if the broker has obtained a license and started working with a bank. However, Twelve Whales is not listed in any regulatory databases and has not undergone any checks. They claim a registration number 2305 LLC 2022 and an address in the UK in the footer. Still, companies in the UK registry have six-digit numbers. This number is characteristic of the offshore registry of Saint Vincent and the Grenadines. However, there is no Twelve Whales in either registry, and it has not obtained any licenses for brokerage services. Therefore, all its services are entirely illegal.

Working with illegal brokers can lead to financial losses because clients of such platforms cannot directly contact support if employees are not oriented to solving problems. Their primary goal is to get as much money as possible from one trader. The list of problems that can arise from starting work with Twelve Whales trading platform is extensive. For example, if the platform suddenly stops working and you incur losses, the owners will not compensate for the financial loss and may even block your account for “suspicious activity” if you refer to regulatory recommendations on the matter.

There are many other trading platforms on the internet, and it is better to choose a reliable organization to save your time and money.

Concerned About Withdrawal?

The company accepts payments via bank/credit cards, e-wallets, and cryptocurrency. While traditional deposit methods may be familiar, depositing into a cryptocurrency account can raise many questions. The security of this method is very low. There is no information about withdrawal commissions or refund policies. The processing time for withdrawal requests is also not mentioned. It is not standard for traders to remain unaware of so many issues.

How Long Does The Broker Work?

If you think this is a reliable broker with experience, forget it. The company has been operating since May 3, 2024, providing its services for just over a month. This is easily verified through the Whois service, showing the domain twelvewhales.com was created in May. The project clearly does not inspire confidence, as the number of negative reviews far exceeds positive ones in such a short existence. Information about the company’s owners cannot be found, as it is simply not available, and the creators prefer to remain anonymous, further indicating fraud. Attention! This review belongs to InvestExpertHub.

Other Signs of Fraud

❗Service quality does not match claims. Clients are convinced that only on this platform can they access unique market analysis methods to quickly earn money. In reality, the broker’s capabilities are worse than those of other platforms.

❗Some platforms specialize in posting reviews about brokers, and there are many fake feedback from clients, as they do not provide specific information but repeat words from the official website. It is not worth trusting a company that lies.

❗Lack of information online. Good companies usually quickly gain popularity, but there are almost no articles about Twelve Whales. The domain registration date confirms the organization’s lack of significant experience in trading.

Twelve Whales Review Conclusions

It is one of the worst options for cooperation, as the company has a hidden policy aimed at deceiving clients and restricting their access to funds. The organization’s managers are not ready to help with refunds, and solving the issue without external assistance is impossible.

➕Multiple deposit methods.

➖The site operates unstably.

➖Limited support hours.

➖User complaints about withdrawal issues.

FAQ

Brief Conditions