FavorTrades Forex Broker

Note: FavorTrades's official website: https://favortrades.com is currently inaccessible normally. FavorTradesReview Summary Founded2021 Registered Country/RegionSaint Vincent and the Grenadines RegulationUnregulated Market Instruments/ Demo Account/ Leverage1:100-1:500 Spread/ Trading PlatformWeb-based Min Deposit/ Customer SupportEmail: 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 ProsCons Flexible leverage ratiosInaccessible website Unregulated status No MT4/5 Limited payment options Only email supportIs 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 PlatformSupportedAvailable Devices Suitable for Web-based✔Web/ MT4❌/Beginners MT5❌/Experienced tradersDeposit and Withdrawal Clients of FavorTrades may deposit via wire transfers and credit or debit card.