Brief informationFavor Trades
Favor Trades calls itself a professional broker that offers online trading to clients from around the world. The company promises to provide assistance, investment tools and access to products that allow you to enter the financial markets. The broker provides a diverse selection of products and services enabling investors to achieve their investment goals. Favor Trades also additionally uses the IB / Affiliate and White Label programs to empower clients.
There is no official information on favortrades.com. The footer shows the registration address: First Floor, First St Vincent Bank LTD Building, James Street, Kingstown, St Vincent and the Grenadines. These coordinates are found on the sites of many dubious organizations that do not have official registration and licenses. In other words, the company has not confirmed its legal status and its activities cannot be considered reliable.
Customers can use phone, email, online support chat and online ticket form for contacting. Users can get consulted, regardless of the further decision to cooperate with Favor Trades.
FavorTrades trading instruments and platforms
Favor Trades refers to itself as a "seamless integration" that gives e-commerce businesses the ability to accept digital currencies and enjoy all the benefits not available with traditional payment methods. The broker provides secure transfer of funds without commissions and the best trading software.
WebTrader is used as the main trading platform and features optimal functionality, a clear interface and a wide range of trading tools. For investment activities, registered users are provided with unlimited access to currencies, stocks, cryptocurrencies, metals and indices. You can also use CFD-contracts with maximum profit with minimal investment.
FavorTrades trading accounts
As an investment offer, the company has developed several options for trading accounts, which have minimal differences:
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Silver. Minimum investment starts from $ 1,500: standard terms of cooperation.
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Gold. Investments start from 5 thousand dollars: you also have personal manager, webinars, trading signals, news alerts.
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Platinum. 15 thousand dollars: you also get the possibility of opening an Islamic account, hedging, ongoing support, training.
The site footer notes that the company does not provide services to citizens of the United States, Israel, Japan and the Russian Federation. At the same time, the verification procedure is not used during registration, which is not typical for brokers with official permission for investment activities and some restrictions on services in relation to citizens of other states.
Account replenishment and withdrawal of funds with Favor Trades
There is no minimum initial capital required to create an account. Customers can use Visa and Mastercard systems, as well as bank transfers, credit/debit cards. Commissions are not charged, the base currency is US dollars. The minimum amount for withdrawing funds from the account is not mentioned.
Conclusion
Favor Trades does not have the relevant documents that confirm the official status of the company. Trading accounts have minimal functionality, despite the impressive investment threshold. There are no other offers on the site, the broker does not use bonus systems and an affiliate program. The activities of Favor Trades are not described, there is no information about the format of interaction with clients and the procedure for making payment transactions.
