Home » Mayfair Exchange Review – mayfair.exchange Details

Mayfair Exchange Review – mayfair.exchange Details

Mayfair Exchange Review

Mayfair Exchange (mayfair.exchange) is your general shadow brokerage, which is immediately recognizable. Their website does not contain information about trading conditions, their registered address is at a notorious offshore destination, and the UK’s Financial Conduct Authority has clarified that brokers are increasingly being avoided.

Mayfair Exchange Review

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Is Mayfair Exchange Legal?

They are not. Mayfair Exchange broker operates without any permission from Dominica’s offshore paradise and has been blacklisted by financial authorities in the UK as a potential scammer. Instead look at our list of legitimate FCA licensed brokers and see the recent warning against this website

In the footer of the website, we read that the broker is owned and operated by Central Finance Outsource Limited, a company registered in Dominica. This offshore jurisdiction in the Caribbean does not regulate foreign exchange brokers and most of the companies registered there carry out scam activities. This is why we urge our readers to completely avoid aggressive brokers and always check for a license before opening an online trading account. Generally, if a broker has one, they will proudly display it, but always recommend checking with the regulator – all of them have public registers of licensed companies available on their websites.

Now, let us expand a little on the regulatory framework for foreign exchange brokers in the UK that we have recommended above. All require a license from the FCA, which imposes a range of strict requirements for brokerages under its watch. First, they are required to meet the requirements of the capital position at all times, as well as to report transactions and to allow external audits on a daily basis. In addition, foreign exchange brokers in the UK are required to keep clients’ funds in separate accounts. They are also required to participate in FSCS, a compensation scheme that guarantees deposits made by customers in the event of a broker bankruptcy. Not to mention that all FCA-licensed brokers are provided with a negative balance protection for all clients.

Can I make a profit with Mayfair Exchange?

Not likely. You only lose money with a broker like Mayfair Exchange, which UK financial authorities claim is a scam. Here are some options to consider – Brokers that are properly regulated in the European Union.

Apart from the FCA warning against what we have already discussed above, there are more red flags about this site. For example, the broker does not specify any trading conditions or require a minimum deposit to open an account with them. Brokers licensed by accredited government agencies make this information readily available on their website.

Mayfair Exchange Trade platforms

The broker uses a very simplified web based platform, as you can see in the screenshot below. It does not have many of the advanced features that are readily available on MetaTrader and, given that it is a certified scam, we suggest good brokerages that offer trading on the advanced MT5 platform

We do not know the trading interface – it is used by hundreds of unscrupulous brokers and most of them are software manipulators. Automated trading strategies are not available, or there are no advanced trading tools supported by the MetaTrader family platforms.

Benefits

Mayfair Exchange never discloses the level of leverage to its customers. If you are willing to use higher ratios, you will do well with reliable brokers – some of them are available up to 1: 500.

Deposit Amount

This is another piece of information that is not available on the broker’s website. Most brokers do not ask for more than $ 250 for standard accounts and $ 10 for micro accounts.

Do you want to leave your 9 to 5 job behind and make the best out of the freedom the world of online investing has to offer? Check out the following program which will assist you in your journey. Our goal is to educate and empower everyone.

CryptoDroid Free Account (Click Here) – http://bit.ly/30Rg5xZ

Crypto MasterBot (Best Auto-Trader) – https://bit.ly/2UV7nM3

Need help with Trading, feel free to reach out to us at – simplefxonline@gmail.com

Facebook Group – https://www.facebook.com/groups/702669997149616/

Follow our Channel for Daily Updates regarding all the Forex Trades I take in real time. We will be doing manual trading along with occasional Algo trading wherein we are going to use softwares like Crypto Bull App, BinBot Pro, etc,.

Mayfair Exchange Payment methods

It uses e-wallets such as credit / debit cards, wire transfers and screens. Keep in mind that major card providers have extended their chargeback period to 540 days if Visa and MasterCard are an online scam. So basically it is a safe deposit option for traders.

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