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Twelve Whales

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Operating status: SCAM

Website: https://www.twelvewhales.com/

Broker violations and abnormal records
  • 2024-08-14 The FCA adds Twelve Whales to its warning list

    On 15 Aug, 2024, the Financial Conduct Authority (FCA) issued a warning against Twelve Whales, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/twelve-whales-llc-https-wwwtwelvewhalescom

    On 15 Aug, 2024, the Financial Conduct Authority (FCA) issued a warning against Twelve Whales, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/twelve-whales-llc-https-wwwtwelvewhalescom
  • 2024-08-18 BrokersView has reviewed that Twelve Whales is an unregulated broker

    According to its website, it provides the regulatory number at the bottom of the website. Upon investigation, no matching information was found in the Financial Services Authority (FSA).

    In addition, the Financial Conduct Authority (FCA) issued a warning against Twelve Whales, believing this company might be providing financial services or products without proper authorization in the UK.

    In essence, Twelve Whales is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    Twelve Whales appears to be a scam.

    According to its website, it provides the regulatory number at the bottom of the website. Upon investigation, no matching information was found in the Financial Services Authority (FSA).In addition, the Financial Conduct Authority (FCA) issued a warning against Twelve Whales, believing this company might be providing financial services or products without proper authorization in the UK.In essence, Twelve Whales is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Twelve Whales appears to be a scam.

Related Complaints

Q&A

Can the Twelve Whales be trusted?

Axim Gottwik
Germany
2024-08-20
ANSWER Dear Investor,We believe that Twelve Whales is a scam.Unfounded regulatory claim: The broker claims to be registered under the number 2305LLC2022. While it doesn't specify the name of the financial regulator, the format of the license number aligns with those from the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA). However, there is no such license number in the SVG FSA register.Unauthorized in the UK: Although it claims to be located in the UK, there are no indications that it is authorized by the Financial Conduct Authority (FCA), resulting in a warning from the FCA.Therefore, we strongly suggest you avoid using Twelve Whales. It is wise to choose fully regulated brokers instead.
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