Favor Trades Review : Fees, Pros and Cons, Reviews by Real Traders

Favor Trades

Operating status: SCAM

Website: https://favortrades.com/

Broker violations and abnormal records

Apr 18, 2022 British Columbia's BCSC adds favorable deal to warning
On April 19, 2022, the British Columbia Securities Commission (BCSC) issued a warning that Favor Trades is not registered to trade or advise on securities or derivatives in B.C.: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2022/favortrades

On April 19, 2022, the British Columbia Securities Commission (BCSC) issued a warning that Favor Trades is not registered to trade or advise on securities or derivatives in B.C.: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2022/favortrades
Aug 23, 2022 BrokersView has rated Favor Trades as an unregulated forex broker.
Favor Trades claims to be owned and operated by Alcon Pro LLC (Registration Number: 1337 LLC 2021), which is registered with the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA). A search for SVG FSA found matching results. However, the SVG FSA does not regulate foreign exchange trading or issue foreign exchange licenses. Therefore, registration does not imply authorization to provide financial services.

Furthermore, the British Columbia Securities Commission (BCSC) has issued a warning that Favor Trades is not registered to trade or advise on securities or derivatives in British Columbia.

The truth is that Favor Trades is not regulated by any regulatory authority. It is not safe to let this broker hold or manage investor funds, and those funds are not protected by any law. Therefore, this is a scam.

Favor Trades claims to be owned and operated by Alcon Pro LLC (Registration Number: 1337 LLC 2021), which is registered with the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA). A search for SVG FSA found matching results. However, the SVG FSA does not regulate foreign exchange trading or issue foreign exchange licenses. Therefore, registration does not imply authorization to provide financial services. Furthermore, the British Columbia Securities Commission (BCSC) has issued a warning that Favor Trades is not registered to trade or advise on securities or derivatives in British Columbia. The truth is that Favor Trades is not regulated by any regulatory authority. It is not safe to let this broker hold or manage investor funds, and those funds are not protected by any law. Therefore, this is a scam.
Dec 01, 2022 BrokersView finds Favor Trades not working
BrokersView has detected that the domain "https://favortrades.com/" is not working. It's probably down, and it's always a bad sign when a broker's website is down.

BrokersView has detected that the domain "https://favortrades.com/" is not working. It's probably down, and it's always a bad sign when a broker's website is down.

Reviews

Be the first to review.

Rate and Review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.