MayFair Options Review – Is it a Scam?
We have made a research of MayFair Option and found out that they do not rate highly and there is no significant data about them. As an alternative we have selected our Top Safe Binary Brokers along with detailed reviews for safe and secure trading.
Since we haven’t gathered enough information yet, we cannot confirm that MayFair Option is safe. You can Proceed to Safety OR Choose one of the Is-Scam approved and safe Binary Options Brokers:
MayFair Options Complaints
MayFair Option are brokers for binary option trades and considered as one of the best brokers having well established compliance service analyzed by many reviewers. MayFair options have provided phone numbers which operate 24/7 to listen about complaints and guide accordingly.
Still there is quite big number of customers who complain about being different issues. Many people can be found complaining about possible betrayal by the company on their official facebook page and there is no compliance found responding to that. Despite of their high payments it seems not wise to recommend the binary option with huge number of unattended complaints.
MayFair Options Demo account
A demo account is an imperative approach to discover the skills regarding how to trade and become use to with the platform under review prior to investing real amount. Mayfair offers investors a complimentary demonstration account for assessment the working mechanism. Customer can increase capability of prediction about variation in market trend with unlimited number of risk free trades. Demo account is should be absolutely free principally but MayFair Option unfairly provides demo account only if initial deposit for silver account has been deposited. User review says that their money goes to risk soon after they deposit to open demo account even.
MayFair Options Review
MayFair Options are trading as broker in binary method trading with trade name “SpotOption” since 2013. Multilingual, web based with user friendly interface offers variety of accounts with unique feature of ten percent amount pay back upon loss. Investor can opt among Forex, Stock, Commody and indix.
Payment options are like Neteller, Visa, Bank wire and many others. The minimum initial deposit is 250 GBP/USD/EUR and high payout profits up to 85%. Minimum 100 USD/GBP/EUR should be there in account for withdrawal request which is supposed to complete in 7 days but most of investors are found complaining about nonpayment of withdrawal money.
MayFair Options Scam
Rollercoaster of scam allegations runs when any traders loose their money due to inexperience and lack of knowledge. All these allegations cannot be ignored if traders claim about non payments, under payments or investment without their consent. Being scammed feeling gets stronger when trader finds that the company is not even registered where it is trading and have address of some other country.
All this is true with MayFair Option binary option brokers. There are very positive comments regarding their high on screen profitability but their fame laments if question of withdrawals is raised as there is quite a big number of traders who claims they have been scammed.
MayFair Options Withdrawal
MayFair Options accepts withdrawals only if there are minimum 100 USD/GBP/EUR are present in account. Withdrawal takes 7 days after trader has provided proof of identification (ID or passport) and scanned credit.
Withdrawal request is complete free of charge once in a month but if a trader request to withdraw more than once then he has to pay 30 USD/GBP/EUR each time. Withdrawal process seems to be quick and devoid of any flaw but there are still many traders who claim about delay or nonpayment even putting forward withdrawal request. These delays and loopholes in the devised process make it difficult to rate them with positive note.
ConclusionAfter detailed investigation our team concluded that there are better choices than MayFair Option. We cannot confirm that this binary options broker is a scam, but our research revealed enough traders’ complaints to not make us feel safe trading with MayFair Option.
We recommend you to Proceed to Safety and avoid scams by choosing High-Rated and Trusted Brokers on Is-Scam.com.