You’ll find a bunch of online content about this firm. Some call it “the riskiest broker”, but we have solid proof that this is in fact a full blown scam operation.
Nothing in the legal information checks out with the authorities, and the company is lying about their age. Additionally, the various website widgets that should show crypto conversion rates don’t match the actual market prices. Find out more in our Mayrsson TG Review.
| Regulated by: | Unregulated Broker |
| Is This Company Safe? | This firm lacks a valid license and is therefore not safe! |
| Known Websites: | mayrssontg.com |
| Have Warnings from: | N/A |
| Registered in: | Denmark (alleged) |
| Operating since: | 23.11.2023. |
| Trading Platforms: | N/A |
| Maximum Leverage: | 1:400 |
| Minimum Deposit: | N/A |
| Deposit Bonus: | Hinted, undisclosed |
| Trading Assets: | Forex, Cryptocurrencies, Stocks, Metals, Soft Commodities, Indices, Energies |
| Free Demo Account: | No |
| How to Withdraw from This Company? | Beware of vicious withdrawal conditions and make sure you first contact our legal advisors for help! |
No Proof of Legitimacy
The completely anonymous conduct doesn’t have an operational license and doesn’t reveal anything about their monkey business for a certain purpose: they want to avoid legal repercussions.
Since legal documents reveal nothing of use, we relied on the scarce information on the contact page, which names Denmark as the place of their headquarters. Checking with DFSA provided no information. The same happened with FCA, BaFin, CONSOB and CNMV.
Just like Fiscal Markets, the Mayrsson TG broker attempts to delude customers without ever delivering the promised segregated accounts, negative balance protection and compensation funds.
Oldest Trick In The Book
Less than a few months old now, the mayrssontg.com was only launched in November 2023. The site traffic clearly shows who the fraudsters are targeting:
- Canada
- Lithuania
- United Kingdom
- United States
With no social networks or other pages besides the main website structure, it’s clear that this hoax functions as a pure oldschool boiler room.
Any funds deposited by the unwary customers is, simply put, stolen, as is the case with AxisCapital as well. Fortunately, strategies were developed to recover from this sort of fraud. Contact our legal experts to learn more.
Suspicious Website Ratings
In an interesting turn of events, it was actually the platforms where the Mayrsson TG reviews were posted, and not regulatory authorities, that first noticed something was wrong.
If you take a look at the TrustPilot page, for instance it clearly shows that the site administrators believe that the company is indeed a con scheme. This was followed by freezing the page in question, and blocking further content. The Sitejabber page is currently shut down all together, pending investigation and updates.
Trading Under Risk
One characteristic circumstance found on every illicit trading portal are the risky terms. By that, of course, we mean the abnormally high leverage, which reaches a maximum ratio of 1:400 on this platform.
To make the deal even more attractive, the swindlers claim there’s no trading commission involved, spreads are only described as “tight” and there’s zero other fees.
Since this is the main source of income for every brokerage brand out there, it’s impossible that the firm charges nothing for any of their services. It’s only logical to conclude these statements are pure fabrications.
Hidden Bonus Terms
Although there’s no clarification on the website pertaining to bonuses, the legal papers archive includes a Bonus Policy. If the policy is effective, then clients have to reach a trading volume before being able to withdraw the incentives.
The condition means you have to make a turnover of (bonus/4) lots in a matter of 44 trading days or your withdrawals are blocked permanently.
Stellar Features? Hardly!
Closed off access to the majority of features isn’t much of a proof of a broker’s exquisite offer. Seems like this scam campaign is heavily focused only on promoting some fictitious services, without actually delivering the promised product. Let us show you what we’re talking about here.
Access to Platform Denied
After signing up for this online trading portal, you’d expect to be able to explore your trading environment and test the software. However, first, you’ll be asked to verify your email, but no confirmation message ever gets to you.
Secondly, you’ll be instructed to contact the customer service, which also proved to be impossible for us. After being prevented from taking a look at the Mayrsson TG WebTrader, we tried to download the desktop version, but that turned out to be malware.
Trading Asset Confusion
The Mayrsson TG scam website has a separate page for every instrument type, but they don’t show the actual individual tradable assets.
This is what the “Swaps” table shows instead:
- Forex – EUR/USD, AUD/CAD, GBP/CHF, USD/JPY
- Cryptocurrencies – BTC/USD, ETH/USD, LTC/USD, DSH/USD
- Stocks – Netflix, MasterCard, BMW, IBM
- Metals – XAU/USD, XAG/USD
- Soft Commodities – Cocoa, Aluminium, Wheat, Zinc
- Indices – VIX, RUS50, FRA40, GER30
- Energies – NGAS, UKOil, USOil
With no access to any Mayrsson TG app, we could not verify whether any of the instruments are actually available in the first place.
Shady Features Without Price Tags
It wasn’t shocking to see these Mayrsson TG login bundles including all of the typical scam traps offered by an abundance of other fake Forex providers.
Signals, account managers and passive income all fall under that category. The only thing certain with these Mayrsson TG account types are their all too common, generic and boring names:
Untrustworthy Payout Process
The Mayrsson TG withdrawals are promoted as speedy and secure like no other. One page of the website claims to provide a variety of funding channels, while the other only mentions crypto deposits.
Legal documents say that the minimum withdrawal amount is $50, with the processing time of 3 business days, and additional 5 to 7 days for the funds to arrive. Due to the restricted access to the user panel, we couldn’t test this information.
No Help For The Clients
This broker does not offer a discrete help channel to their clients. There is some semblance of a live chat on the site, but good luck getting an actual live person on the line. Our requests were only responded to by a chatbot, and not a very “smart” one at that. While some phone numbers do exist, none of the lines actually connect.
Crooks Stole Your Investment? Contact Us For help!
Even if it were a legitimate company the schemers present it as, the available training amenities are simply put abhorrent. Nothing here warrants any investment, be it the trading software, instruments, or pricing plans.
There is a way to recover the stolen funds, however, so don’t give up the fight! Our specialists stand at your disposal, and you can start your path to recovery by using the live chat on our site.
FAQ Section
What is Mayrsson TG?
It is a fraudulent organization known as a “boiler room”. The firm pretends to be a lucrative online broker in order to steal from users.
Is Mayrsson TG a Legit Broker?
No, this firm is completely illicit. It is neither registered nor regulated in any relevant authority, and conducts their business without a license.
How to Get Money Back From a Financial Fraud?
Contact our legal experts! Our tried and tested strategies will prove instrumental in the recovery of your lost funds.
Source:
https%3A%2F%2Fscambrokersreviews.com%2Fforex-scams%2Fmayrsson-tg-review%2F
