FavorTrades Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-22 18:23

Abstract：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.