Experienced traders prefer to collaborate with reputable brokers who are licensed and operate legally. Often, new companies emerge on the market offering favorable terms and pleasant bonuses for clients. However, such companies turn out to be fraudulent since no firm would offer conditions that are not profitable for itself. In this Mayfair Wealth LTD review, you will learn why it’s better not to deposit funds with this company and to what extent its activities comply with global standards.
Is Mayfair Wealth LTD a Trusted Broker?
Information about the license is impossible to find on the website. Upon searching online, it is revealed that a company with the same name is listed in the UK registry. However, this is hardly the broker discussed in this review. The company was incorporated as far back as 2011, yet with such a duration, the broker would certainly be known to someone. But little is known about Mayfair Wealth LTD.
Suspicions arise from the fact that the company has five offices in different countries. However, none of the specified countries list such a company on their map. Most likely, all these addresses are simply fake.
The registration process is very fast, but this increases the risks of the account being hacked and losing access to it since the company does not require data confirmation, indicating a low level of security on the website.
Overall, this is not surprising. It turns out that this broker simply poses as a real legal entity called Mayfair Wealth LTD. It operates like an ordinary anonymous website, where client security is not the main goal.
Concerned About Withdrawal?
Mayfair Wealth LTD actively encourages its clients to deposit funds. Right after opening the main page of the website, you can see an advertisement for a unique card available only to premium clients. However, it is unclear which bank the broker partners with. It does not meet international standards. Sharing personal data and ordering cards from such companies is simply dangerous.
How Long Does The Broker Work?
The company deceives its clients from the very beginning by stating in the information section that the project was launched in 2019. In reality, the Mayfair Wealth LTD website has been operational since 2024, meaning that the broker could not have been operating in 2019. You won’t find any reviews about this platform before 2024.
Other Signs of Fraud
โ Mayfair Wealth LTD clients often complain about issues with withdrawing funds from the platform and the lack of support from customer service. The broker frequently uses a fraudulent scheme: clients cannot withdraw their earned funds because the operator requires additional identity verification, prolongs this process, and then blocks the user’s account on suspicion of violating platform rules.
โ The broker does not provide clients with the opportunity to test the platform in demo mode. To study the trading tools and platform capabilities, depositing funds is required.
โ The minimum account opening amount is $2,500. This is a significant sum. Established companies set lower entry thresholds, around $5-10 for beginners. Investing $2,500 on the platform is a big risk, especially for those who are just starting to understand trading.
Mayfair Wealth LTD Review Conclusions
It’s not worth wasting your time on an unreliable broker like Mayfair Wealth LTD. It’s an unlicensed fake with no right to provide services in the brokerage market. You’re unlikely to be able to withdraw your money from this platform at all.
โ Many additional services.
โ High minimum deposit.
โ Lack of licenses.
โ Fake addresses.
FAQ
How is Mayfair Wealth LTD Regulated?
It’s not regulated at all. This company has not obtained a license or registration documents.
Is It Safe to Invest With This Broker?
No, it’s definitely not safe because the broker is not regulated and operates without any supervision.
How to Get Your Money Back?
It is unlikely that you should trust chargeback services. They never provide a 100% guarantee that they can return your funds. Therefore, it is better to immediately contact law enforcement agencies.
Brief Conditions
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Type |
Forex |
Location |
UK |
Establishment Year |
2024 |
Regulation |
โ |
Customer Service |
|
Languages |
En |
Demo Account |
โ |
Mobile Trading |
โ |
Web-based Trading |
โ |
Bonuses |
โ |
Minimum Deposit |
$2,500 |
Max. Leverage |
โ |
Scalping Allowed |
โ |
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