What is FavorTrades?
FavorTrades is a forex and CFD broker based in Saint Vincent and the Grenadines, listed with a foundation year of 2021. It offers leverage up to 1:2, spreads from 0.2 pips and a minimum deposit of $500. Clients trade on Fravortrades for android, iOS, and windows and on mobile.
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Is FavorTrades safe and regulated?
FavorTrades is regulated by FavorTrades is owned and operated by Alcon Pro LLC, Registration number: 1337 LLC 2021. This is an offshore regulator. It sets capital and reporting rules, but its investor protection is lighter than tier-1 regulators such as the FCA (UK), CySEC (Cyprus) or ASIC (Australia), and there is usually no investor compensation scheme.
Safety checklist before you deposit
- Find the licence number on the broker's website and check it on the regulator's official register.
- Check that client funds are held in segregated bank accounts.
- Make a small first deposit and test a withdrawal before you add more.
- Confirm negative balance protection applies to your account type.
FavorTrades account types
The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a $500 minimum deposit.
| Account | Best for | Available |
|---|---|---|
| Mini account | Beginners trading small lot sizes | Yes |
| VIP account | High-volume traders wanting raw spreads | Yes |
| Islamic (swap-free) | Traders who need no overnight interest | No |
| Managed account | Investors who prefer a money manager | Yes |
Trading platform and conditions
FavorTrades provides Fravortrades for android, iOS, and windows, so you can trade from any browser without installing software. Mobile trading is supported as well.
- Scalping and hedging are permitted, which suits short-term and EA-style strategies.
- News trading is allowed during high-impact economic releases.
- Spreads from 0.2 pips are available on raw pricing, with a commission per lot.
- Leverage up to 1:2 gives large position sizes from a small deposit, which also raises the risk of fast losses.
Deposits and withdrawals
FavorTrades supports 5 funding methods, including Visa, MasterCard, Maestro, UnionPay, and BankTransfer. Accounts can be held in 2 base currencies (USD, EUR), which helps you avoid conversion fees.
FavorTrades bonus: <p>This broker is providing 10% to 50% welcome bonus</p>
How the promotion works
The current FavorTrades promotion is <p>This broker is providing 10% to 50% welcome bonus</p>. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the FavorTrades website before you trade for it.
Check the promotionLooking for free trading credit instead? Compare the latest forex no deposit bonus offers and forex deposit bonuses.
FavorTrades pros and cons
Pros
- Raw spreads from 0.2 pips
- Scalping and hedging allowed
- News trading allowed
- VIP, Mini and managed accounts
- 5 deposit methods
Cons
- Only offshore regulation
- No investor compensation scheme
- $500 minimum deposit is higher than some rivals
- Fravortrades for android, iOS, and windows only in our listing, no MT4/MT5 confirmed
- No Islamic account listed
How to open a FavorTrades account
- RegisterVisit the FavorTrades website and sign up with your name, email and phone number.
- Verify your identityUpload a passport or national ID and a recent proof of address (KYC).
- Choose an accountPick VIP, Mini, managed or a standard account, and your base currency.
- Fund the accountDeposit at least $500 with Visa, MasterCard, Maestro or another method.
- Start tradingLog in to Fravortrades for android, iOS, and windows or the mobile app and set your risk per trade.
Is FavorTrades a good broker? Our verdict
FavorTrades suits active traders who want raw spreads, freedom to scalp or trade the news, plus a wide choice of payment methods. The main trade-off is regulation: an offshore licence gives less protection than a tier-1 regulator. Start small, test a withdrawal, and only trade money you can afford to lose.