✔️ Information reviewed and updated in April 2024 by Pedro Martínez González
In this section we will analyze Farotrade Inc, A "broker ”of options, forex and CFDs. Although more than a broker, their website does not specifically mention that they are, although they do specify the possibility of investing in forex and CFDs. We believe they refer clients to a broker, although we are not sure yet.
The broker mentioned is owned by: Farotrade Inc., and as for your location, the broker mentions having based in both New York and San José, Costa Rica.
If we analyze the regulation of the broker, the broker does not mention its regulation, we believe that it is an UNREGULATED broker.
If now we go on to analyze account types that Farotrade Inc offers, we note that it offers 4 different types of account: the Speculative Account, the Hedge Account, the Diversified Account and the “Smart Portfolio” Account.
Speculative Account: minimum initial deposit of $ 5.000, without cost of membership or entry, variable profitability, high level of risk, approximate investment time of 90 days.
It is followed by Hedge Account: minimum recommended initial deposit of $ 50.000, without cost of membership or entry, variable profitability, average risk level, approximate investment time, 90 to 120 days.
The third type of account is Diversified account: the minimum initial deposit is $ 5.000 to $ 25.000, without membership or entry cost, compound return, low risk level, approximate investment time of 180 days.
The last type of account is the "Smart Portfolio" Account: the minimum initial deposit is $ 500.000, the cost of membership is $ 20.000, compound or fixed return, minimum risk level, approximate investment time of 180 days.
You can see even more features about account types in the following image:
All the platforms to operate that the broker offers are: we believe that the broker platform that Farotrade Inc works with, although it does not specify it.
We will now analyze the different resources and aids for traders that the broker Farotrade Inc provides to its clients on its website.
Farotrade Inc provides the following aids or resources to traders or interested parties: some charts and economic calendar, not much more than this.
Other information about the broker Farotrade Inc
We will leave you some more information in case you want to contact the broker, or see their website for yourself.
Website: www.farotradeinc.com
Telephone: +1 (914) 662-9175 and +1 (484) 938-2506 (the latter, Whatsapp)
Email: not provided
Ending with this section, in our opinion Farotrade Inc's reputation is unclear, but we suggest caution Why? Because we have not found much about the company on the internet, its reputation is not very clear, and we also believe that it is an UNREGULATED company.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.
[democracy id = ”63 ″]
They are very good at what they do, it must be clarified that they are Advisors not Brokers. With farotradeinc you can trade in NewYork, Chicago, London, Hong Kong, since they put you in contact with the different broker houses to take advantage of opportunities.
Hi John, thanks for your comments, have you worked with them? Do you know which broker they work with?
A greeting.