Mayfair Trade Online is an ILLEGAL broker – review

In this review we explain why you should stay away from the binary options and cryptocurrencies broker Mayfair Trade Online.

What it is about

Mayfair Trade Online official websiteThe Mayfair Trade Online website doesn’t really say much, some important things about the minimum deposit, minimum trade, withdrawal and deposit limits, etc. are missing.

We can only see that it is a broker that allows trading with binary options on various assets, such as currencies, commodities, stocks and indices. It also should allow trading with cryptocurrencies.

The broker is allegedly based in London and is owned and operated by A F Bauer from Austria.

Why it is illegal

AboutBinary options trading is regulated both in Great Britani and Austria. This means that every broker that is targeting residents of these countries and/or is based in these countries needs to be regulated.

As both countries are in the European Union, Mayfair Trade Online needs to have a licence either from the FCA in Britain or from the FMA in Austria.

No licenceBut Mayfair Trade Online has no licence whatsoever, it is a broker that is not regulated, therefore it is operating illegally in Europe.

As we have already mentioned, the broker’s website is missing some critical information required by regulators, moreover it seems that the broker is also offering a bonus in the shape of real money for trading, which is an illegal practice in the EU.

Let us remind you that with regulated brokers your money in your trading account is insured, the broker is under supervision, has to follow some rules, etc. With unregulated broker you have no protection at all.

Conclusion

Mayfair Trade Online is a broker that is not regulated, therefore it is operating illegally in Europe. Stay away from it!

If you are interested in binary options, crypto or CFD trading, start on a free demo with a regulated broker.

With unlicensed brokers you have no protection of your money.

Summary
Review Date
Reviewed Item
Mayfair Trade Online
Author Rating
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15 thoughts on “Mayfair Trade Online is an ILLEGAL broker – review

    1. If they’re good how come they won’t give me my money over £2,000 they won’t even answer my calls or emails they’re a scam

  1. Now they are using the same details for a new company called Digital Gold Xchange.
    They tried to bring me over but I recognised the voice from Mayfair. Same people, same scam.
    Watch out!

  2. I was approached by Brokers offering me great gains.
    Invested ,but after a short while indicated I needed to invest more to bring it up to £5000, so as to make my money really grow ,circa 100% pa.
    I have tried ringing, emailing and texting, but yet no contact.
    Let us get together and call on the Police , FCA and Action Fraud t9 get them caught and locked up.

    1. Action Fraud only consider passing on to police if a) enough complaints against same people b) the amounts involved add up to something significant & c) there is enough names and details and importantly some form of UK linkage/ base etc.
      The best thing everyone can do is report to Action Fraud, give names and contact details, name all companies involved so as many complaints can be linked etc. Detail UK linkage ie bases, companies etc. Let’s get these evil scum bags investigated, get them reported to your banks, Action Fraud social media, the media etc etc

  3. I too was contacted by a broker from Mayfair I was paying £300 every month I have over £2000 in the account and when I tried to withdraw my money it said in was pending that was 5 weeks ago I’ve rung them I’ve emailed them even got put through to complaints department now they won’t answer my calls or emails

  4. If anyone can give me a picture of the people running mayfair trading, I will offer £10000
    Reward if that picture leads me to them.-
    Or if anyone has the home address of Charlie the same reward will be paid
    this is not a scam, it’s a genuine offer

    1. AFBaur are the owners of Mayfair trading and GetCoPro. These scum have literally just taken me to the cleaners. Left my whole life in pieces, got everything of me then blatantly just took of with it all. Got nothing left to offer a reward but happy to give firs £10k of anything I get back if people can lead me to these people. Josh Weinstein/Robert Singh/ Frederick Roth/Alexander James

  5. This group of individuals are criminals. I have lost £4,000 and now they won’t answer calls or emails. They are fraudulent and need locking up. Mercury Partnerships Ltd are also involved in this crime and they are in the process of dissolving. There is no prospect of getting this money back. Absolute scum of the world.

  6. I have been taken in by DigitalGoldXchange which I believe is the same outfit. My account stands at 2450GBP.
    They no longer answer my emails a nd I fear the worst.

  7. Hi, I fear the worst, I am embarrassed to say I parted with 5500 gbp based on the profit demonstrated on my initial 500 gbp growth. It has made me feel sick that I have been so foolish. Non of my emails get answered, I suspect my phone has been blocked. Can anyone help me recover my cash?

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