✔️ Information reviewed and updated in April 2024 by Pedro Martínez González
Analysis on FavorTrades
➡️ In this section we will analyze FavorTrades (also called with the name: favortrades.com), It's about a Forex, Cryptocurrency and CFD broker. Is FavorTrades really recommended to make an investment? Is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it. ✅
Now, you can find the following: opinions about FavorTrades ✅, claims, complaints, experiences, analysis of the most important characteristics of this company (updated 2022), and most importantly: Is FavorTrades a safe site? ⛔ Can we trust this company? ✅ Will we be able to withdraw our money? All this and more in this review about this investment company.
️️ Essential information: Who does it belong to? Where is located? Is it a regulated broker?
- ❌ FavorTrades mentions being part of Alcon Pro LLC.
- ❌ Regarding your location, the company is based in Saint Vincent and the Grenadines.
- ❌ If we analyze your security, we note that FavorTrades does not have any type of regulation.
⚠ ATTENTION: FavorTrades is a broker NOT REGULATED. ⚠
📌 Remember: the best option (and the safest) are the regulated brokers, as they must meet very strict requirements. Working with an unregulated broker is very risky. 📌
Account types | Investment platform
Now we move on to analyze the account types that FavorTrades offers, in this case, we observe that it offers 5 different account types:
- Classic account: leverage up to 1: 100.
- Silver Account: leverage up to 1:100, bonus up to 10%, live sessions with analysts.
- Gold Account: leverage up to 1:200, bonus up to 30%, live sessions with analysts, alerts, personal account manager.
- Platinum Account: leverage up to 1:400, bonus up to 50%, live sessions with analysts, alerts, personal account manager, daily market updates.
- Premium account: leverage up to 1:500, bonus up to 100%, live sessions with analysts, alerts, personal account manager, daily market updates.
La platform to operate that FavorTrades offers is: own platform.
Resources | Website
Here we will examine the different resources and aids for the trader that FavorTrades provides on its website. We believe that the resources and help provided on the website can be a great advantage for the broker.
FavorTrades provides the following help or resources to traders or interested parties: a brief explanation about the services it offers, live charts, glossary, FAQ section, not much else.
ℹ Another insights about FavorTrades ℹ
🔻 We will leave you some more information in case you want to contact the company, or see its website for yourself. 🔻
- 🌏 Website: favortrades.com
- 📞 Telephone number: does not have
- 📧 Email: [email protected]
Maybe you wonder why we review FavorTrades. We make this review and assessment, because we receive different messages and comments asking for the reliability of the company in question. We like to think that our reviews page help investors, providing key information about the company, we disclose information that every investor should know before you are inclined or not, by investing with a company of investment.
You're a representative of this company? We recommend you leave a comment responding to customer concerns.
Valuation on FavorTrades
Ending with this section, in our opinion: Do we believe that the company FavorTrades is reliable? Should you invest your money with the company? Are they a recommended company? ⭐ Analysis of 2022 ⭐
❌ After you have examined it, we recommend be cautious, since it is a illegal company, clearly stated for taking money from people through deception and cheating. It is very little transparent, its headquarters is located in a recognized tax haven, therefore its regulation is practically zero and the risk of losing money is much greater. ❌
ATTENTION!: in April 2022 BCSC (British Columbia regulator) added to FavorTrades to your list fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to BCSC's April 2022 warning ⚠️
ATTENTION!: in May 2022 BCSC (British Columbia regulator) warned again about FavorTradesfor acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to BCSC's April 2022 warning ⚠️
⚠ A pocas palabras: It doesn't seem like a good idea, we suggest using caution. ⚠
Our advice: we always recommend working only with duly regulated companies, Isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest? Why invest with an unregulated or poorly regulated broker, when you can invest with a broker regulated by a serious regulator?
📌 Don't forget: one of the few measures that assure customers' money is the broker regulationIn other words, it is probably the most important feature of any broker; HAVE GOOD REGULATION. Good regulation means that there is a authority to which, in case of misunderstandings or problems, customers can file a complaint. 📌
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, too leave a comment on our website with your experience with this broker.
🔻🔻 We leave a vote open so that traders, clients and users of the broker can vote. 🔻🔻
[democracy id = ”3546 ″]
This company stole my money and the BCSC continues to report them.
Hi Jose, thanks for commenting on FavorTrades. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.
Good morning, I just want to give my opinion about favortrades: they are thieves, fucking thieves. If you want to withdraw your capital THEY DON'T LET YOU! They are lying fraudsters. Since mid-January I have been trying to recover MY CAPITAL AND THEY DON'T LET ME. They are fucking thieves.
Please I ask for help, recommended brokers to recover my money, I feel 100% scammed. They are thiefs. Thank you.
In my experience favortrades is a fucking scam
Hello anonymous, it seems to us gasí, thank you for commenting on FavorTrades. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.
I am Iulia and I want to know if the money that was deposited in January 2022 on the Favor Trades platform, which is a scam, is possible to recover or impossible.
Hello Iulia, it depends on several factors, fill in the form and they will be able to assess your case. Thank you for commenting on FavorTrades. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.
THEY ARE SCAMMERS I am working with some lawyers to take them to trial
Hello Cesar Merchan, thanks for commenting on FavorTrades. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.