Investor warning against Mayfair Exchange broker scam powered by PandaTS and BridgerPay

Spread financial intelligence

The UK regulator Financial Conduct Authority (FCA) issued an investor warning against the scam broker Mayfair Exchange (http://www.mayfair.exchange), allegedly operated by Central Finance Outsource Limited, registered in the Commonwealth of Dominica. As payment processors, we have once again discovered BridgerPay, through whose cashier credit and debit card payments are processed. The scam is apparently a white-label implementation of PandaTS.

The Mayfair Exchange scam receives a “Great” trust level on Trustpilot with a 3.8-star rating. Yet most of the 5-star reviews come from people who have written only one or two reviews. This smells very strictly of boiler room activity on Trustpilot. Unfortunately, Trustpilot is more and more often abused by scammers to create a reputable image for themselves through self-written or commissioned positive reviews.

Please stay away from any financial service providers that list an offshore company on their website or even provide no information about the operators at all.

Leave a Reply

Your email address will not be published. Required fields are marked *