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 Mavenir's customer information 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 ⛔
⚠ 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. 🔻🔻