FavorTrades
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.
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.
WikiFX Broker
Latest News
Traze Receives Authorization from UAE Securities Regulator
WikiFXMarkets.com vs SAXO: Which One Is More Suitable for You?
WikiFXThe Real Story of TriumphFX: How Investors are Losing Millions
WikiFXWebull Pay and Coinbase Join Forces to Offer Better Crypto Trading
WikiFX3 Useful News for Traders - Check ASAP!
WikiFXSoutheast Asia’s Trade Outlook in the Face of U.S. Tariff Adjustments
WikiFXInside the Market: Who’s Buying, Who’s Selling, and Why It Matters
WikiFXeToro Introduces Staking for Cosmos and Polkadot
WikiFXThe Facebook Fraud That Stole RM649,000 | How to Avoid Being Next
WikiFXCMC Markets Just Made a Move That Could Transform CFD Trading
WikiFXRate Calc
