Score
FavorTrades
Saint Vincent and the Grenadines|2-5 years| https://favortrades.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Saint Vincent and the Grenadines
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed FavorTrades also viewed..
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Website
favortrades.com
Server Location
United States
Website Domain Name
favortrades.com
Server IP
172.67.148.205
Company Summary
Note: FavorTrades's official website: https://favortrades.com is currently inaccessible normally.
| FavorTradesReview Summary | |
| Founded | 2021 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Unregulated |
| Market Instruments | / |
| Demo Account | / |
| Leverage | 1:100-1:500 |
| Spread | / |
| Trading Platform | Web-based |
| Min Deposit | / |
| Customer Support | Email: support@favortrades.com |
| Address: First Floor, First St Vincent Bank LTD Building, James Street, Kingstown, St Vincent and the Grenadines | |
Established in 2021 and registered in the Saint Vincent and the Grenadines, FavorTrades is a forex broker, offering market instruments on the web-based platform. However, FavorTrades operates without regulatory oversight from any reputable financial body.
Pros and Cons
| Pros | Cons |
| Flexible leverage ratios | Inaccessible website |
| Unregulated status | |
| No MT4/5 | |
| Limited payment options | |
| Only email support |
Is FavorTrades Legit?
No, FavorTrades is not regulated currently. Please be aware of the risk!
Leverage
FavorTrades offers leverage between 1:100 and 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Trading Platform
The trading software that FavorTrades offers to its clients is the web-based platform.
| Trading Platform | Supported | Available Devices | Suitable for |
| Web-based | ✔ | Web | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
Clients of FavorTrades may deposit via wire transfers and credit or debit card.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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