FavorTrades
एब्स्ट्रैक्ट：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.
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.
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