Mayfair Wealth Ltd Review: Super Comfortable Trading or a SCAM?

Mayfair Wealth Ltd - logo
Rating:
1.5

Mayfair Wealth Ltd believes in the power of a personalized approach. Therefore, the company guarantees that trading with them will be super comfortable for you. The main thing is that it should not be a personalized approach to stealing your money. However, don’t worry, we will verify whether it is a scam or not and share our findings in our review.

Mayfair Wealth Ltd General Information

Website https://www.mayfairwealthltd.com/
Phone Number +16134169864
Email support@mayfairwealthltd.net
Address 160 Elgin St, Ottawa, ON K2P 2P7
License
Minimum Deposit $2,500
Assets CFDs
Leverage Up to 1:1000
Trading Platform WebTrader

Registration and Client Portal Review

The website design of Mayfair Wealth Ltd appears to lack thoughtful consideration. It’s challenging to articulate its overall appearance. Initially, it gives off the impression of a below-average broker’s portal. However, it swiftly transitions to displaying an advertisement for a bank card, leaving visitors uncertain if they have landed on the correct broker’s site. Only after some time does it become apparent what services this company offers. It’s important to mention that the website is only available in English, thus limiting accessibility. Furthermore, we noticed that this broker seems to rely on flashy language to promote its services.

Mayfair Wealth Ltd - website

The registration process here is relatively straightforward. You’ll be asked to input personal details such as your full name and contact information. However, without email and phone number confirmation, there’s a risk of security vulnerabilities.

2FA is a common security measure used to ensure the accuracy of user-provided information and prevent unauthorized access to accounts. Without this verification step, there’s a higher risk of fraudulent activity, including unauthorized access or account takeover by malicious actors.

Registration

The Client Portal appears quite rudimentary and lacking in sophistication. Upon entering the portal, users are greeted with a minimalist design that may initially seem unassuming. However, upon closer inspection, it becomes evident that the portal lacks the depth and complexity expected from a modern trading platform.

The layout is simplistic, with limited visual elements and a lack of dynamic features. Navigation through the portal is relatively straightforward.

While it offers basic functions such as editing personal information, submitting documents for verification, and performing financial transactions, the portal falls short in providing a comprehensive trading experience. There is a noticeable absence of advanced tools and interactive features.

Mayfair Wealth Ltd - Client Portal

Trading Conditions

So, it’s time to check out the trading conditions at Mayfair Wealth. Are they going to be amazing? Let’s see.

Account Types Review

The broker offers a lot of different trading accounts, but interestingly, they don’t have any demo versions. That’s a bummer, because it means new customers can’t try out the platform before they put real money in. Demo accounts help beginners get comfortable with the system and learn the rules before they risk any cash.

When it comes to live trading, Mayfair Wealth has seven options available, with deposits ranging from just $2,500 all the way up to $250k. That $2.5k minimum is a lot compared to most brokers, who usually start around $10. Meanwhile Mayfair has a different approach. They also offer some of the highest leverage in the business, with up to 1:1,000 in Forex trading, much higher than normal.

Plus, their accounts come with some additional benefits based on how much you deposit. The more you put in, the more they give you.

This might sound good, but it can also be dangerous for traders.High minimum deposits mean that potential traders who might not have that much money for an initial investment are excluded. This could limit the reach of the platform and turn off a significant portion of the trading community.

Trading Platform

The trading platform offered here mainly based on the Internet, which limits its accessibility and functionality for traders. Users expressed dissatisfaction with its performance and functions, especially noting limitations in graphical tools and indicators for technical analysis. In addition, the platform does not support trading robots or custom indicators, which further reduces its attractiveness to traders. In general, these shortcomings in navigation, analysis tools, and customization options lead to an unsatisfactory user experience, causing frustration and dissatisfaction among users.

Deposit and Withdrawal of Funds

The firm offers the option to top up your account with a bank card or bank transfers, at least according to their website. However, when trying to make a deposit, users are faced with an error message stating that the page has not been found. This discrepancy between the advertised payment methods and the actual functionality of the platform raises concerns about the reliability of the broker in general. Users may feel misled or disappointed by the inability to deposit funds as promised.

Mayfair Wealth Ltd offers only Bitcoin and bank transfers to withdraw funds. In general, there seems to be a lack of clarity and consistency regarding the payment methods available from the broker.

Verification

The company requires users to undergo verification. Users need to upload scanned copies or clear photographs of identification documents such as a passport, driver’s license or national ID card. In addition, documents confirming the address may be required, such as utility bills or bank statements. The broker’s verification team will check the submitted documents to ensure that they meet the required standards and comply with the information provided during registration.

After verification, the user will receive a notification either of approval or rejection of his verification request. If approved, he can continue to use the broker’s services. In case of deviation from them, it may be necessary to provide additional or clearer documentation for further consideration.

Additional Options

Alright, what about their additional terms? First and foremost, we had a good laugh at the service called “stalking.” Seriously, that’s how it’s written there. Thanks, but they’d better spare traders from such a thing. It’s not very pleasant when someone offers you stalking with your own money, you know. Of course, we understand they meant staking. But such mistakes are just too funny, really. The other additional services include many bonuses. By the way, don’t forget that they are prohibited by reputable regulators. And, as you’ve probably gathered from the main page, they offer you a credit card. Don’t agree to it. Being a broker is not enough to issue such a banking product. They’re trying to fool you.

Is Mayfair Wealth Ltd a Scam?

This trading platform has yet to impress us with much, aside from the unclear concept of “stalking” and some overly ambitious claims lacking substantial evidence. However, we will continue our assessment.

Searching for legal information about Mayfair Wealth Ltd feels like playing a game of “guess the melody.” We mean, this intriguing project has literally told us nothing that would give us even a hint. Well, to be fair, they did provide a Canadian address. That’s probably the key notes we have to go on to figure out what’s playing in the minds of the creators. So, we checked the Canadian registry and found no mention of organization with this name. However, you know where we did find it? In the British registry, yes. Meanwhile, this company lacks an FCA license and is unlikely to be a broker at all. Most likely, these scammers are just using its name out of habit to make it seem somewhat credible.

Legal data check

Mayfairwealthltd.com Domain Info

Another clear sign of a scam is the short duration of its operation. Can you guess how long Mayfair Wealth Ltd has actually been around? We’ll give you a hint. The project domain was registered on February 13, 2024. A short period of existence raises significant concerns because it indicates a lack of track record and stability. Longevity and a proven track record are essential for building trust and credibility among investors. When a company has only been in operation for a brief period, it suggests that they may not have established themselves properly or gained enough experience to handle clients’ investments responsibly.

Domain info

Contacts Review

As for contact information, the trading platform provides a telephone number, email, and even an address in Ottawa. However, since this firm is not officially registered in Canada, visiting the office is unlikely to be advisable.

Pros and Cons

  • Variety of trading accounts.
  • Access to additional services.
  • Lack of desktop trading platform.
  • Poor trading conditions.
  • Limited trading assets.
  • Inability to develop custom software.
  • Lack of transparency about legal registration.
2.9 TOTAL SCORE

Mayfair Wealth Ltd Summary

Mayfair Wealth Ltd - favi

Hmm, let's think about it. Can we recommend you to trade with anonymous and dubious brokers? Of course not, that would be a real crime on our part. So look for other options.


Website information content 3
Client Portal 3
Trading conditions 4
Trading platform 4
Deposit and withdrawal 4
Verification 4
Extra options 3
Licenses and guarantees 1
Work duration 1
Feedback 2

Frequently Asked Questions (FAQ)

What Does Mayfair Wealth Ltd Offer?

Well, they don’t offer anything extraordinary. Just simple CFD and Forex trading. Well, yes, there are some additional services. However, they are doubtful.

How Much Money Should I Invest With Mayfair Wealth Ltd?

To start trading on this platform, you will need to fork out. Please note that the minimum deposit is 2.5k dollars.

Is Mayfair Wealth Ltd Safe?

No, of course not, how could you think that? This is absolutely not a secure broker. Definitely stay away from it.

Subhash Mishra
Forex & CFD Trader

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

Financial Companies Reviews and Ratings
Leave a comment

Client Reviews

  1. Patrick Lake

    Hmm…

    What about the spreads and commissions here? How much more profitable is it to trade here compared to other companies? How can one trust a firm that does not disclose trading conditions and also does not provide a simple demo account to test the functionality without depositing real money? I don’t know, honestly don’t know… it’s such nonsense… opacity, secrecy always lead to scams…

    Reply
  2. Anjey

    fake fake fake

    I also have a negative attitude towards this pseudo-company and would recommend reading reviews first. I agree with all the negative and exposing comments about Mayfair Wealth Ltd. It is an absolutely illegal and shady broker whose only goal is to extract as much money as possible from unsuspecting traders. The address in Canada is fake since such an organization does not exist in this country. Regulation is also absent, although it is obvious to everyone that any brokerage firm should obtain a license. Moreover, they lie about the duration of operation, if they even provide it. But in any case, the company is young and fake. That’s probably all you need to know.

    Reply