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Score

1.40 /10
Danger

FavorTrades

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://favortrades.com

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Score

Regulatory Index0.00

Business Index6.12

Risk Management Index0.00

Software Index4.00

License Index0.00

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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

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Warning: Low score, please stay away!
Previous Detection : 2025-01-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

FavorTrades · Company summary

Note: FavorTrades's official website: https://favortrades.com is currently inaccessible normally.

FavorTradesReview Summary
Founded2021
Registered Country/RegionSaint Vincent and the Grenadines
RegulationUnregulated
Market Instruments/
Demo Account/
Leverage1:100-1:500
Spread/
Trading PlatformWeb-based
Min Deposit/
Customer SupportEmail: 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.

FavorTrades

Pros and Cons

ProsCons
Flexible leverage ratiosInaccessible 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!

No license

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 PlatformSupportedAvailable 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.

User Reviews

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3

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＿素颜的姑娘-不怕雨
more than one year
100% Scam. These heartless scammers took from me $5 600. As soon as you start investing, they will ask you to invest more to withdraw money. That is how you will end up losing all your money.
100% Scam. These heartless scammers took from me $5 600. As soon as you start investing, they will ask you to invest more to withdraw money. That is how you will end up losing all your money.
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2023-03-09 15:13
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chom
more than one year
tham wa nha
tham wa nha
Translate to English
2022-11-30 15:37
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