Deriv Review: Forex Askew Scam

Deriv Review: Forex Askew Scam

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Deriv ( is another Binary Options and Forex platform to hit the lucrative trading world. By claiming to offer the ultimate trading experience, most unsuspecting investors fall for their trap. According to the banner on their homepage, this broker purports to offer the world’s market at your fingertips. And this is the first of many fake claims used by this broker. Read this detailed DERIV Review and get the truth.

Deriv Review

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Deriv Review

After receiving numerous email complaints from members of this platform, we knew trouble was brewing. How can over 20 members be complaining of the same issue? It seems withdrawing funds with this broker is next to impossible. None of the members we contacted has been able to withdraw their funds. And this is proof we are dealing with another online binary options scam platform. Deriv is not going to make you money; they are planning to run away with funds deposited by investors.

Professional scam artists are known to openly steal from investors by creating cloned websites. Deriv is another cloned binary trading websites targeting unsuspecting investors. It is our duty to expose these scam artists and protect investors and traders. Claims and promises are used by scam artists to lure investors to sign up. And this is one of the many reasons why investors easily fall for these scams. Read this full expose and find out the tricks used by these binary options scammers.

About Deriv

Binary SVG Ltd is the company listed as the owner of this platform. Disclaimer at the footer of the homepage claims this platform is based in St. Vincent and the Grenadines. By their own admission, they have clearly indicated they are offshore brokers. Offshore brokers are known to violate set industry regulations and rules. Dealing with offshore brokers is a risky venture as there is no guarantee of safety if funds. Deriv is another offshore binary scam targeting European investors.

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Another shocking issue we found is in regards to ownership. Looking closely at their platform, no name has been mentioned. Anonymity is a scammer’s best friend and enables them to steal funds without a trace. Who are the founding members of this platform? Why have they failed to post any names of people running this platform? Scam artists are afraid of the consequences of offering fake trading services. Professional scam artists don’t want to be tracked down by authorities.

Is Deriv licensed or registered?

Scam artists will do or say anything including posting random numbers as license numbers. They are claiming to be registered by the Vanuatu Financial Services Commission. What they are trying to do is create an impression they have been licensed by a regulatory body. In all honesty, none of the recognized institutions has ever licensed this binary platform. They include ASIC, COSNOB, CySEC, FCA, NFA, and SEC. It seems we are dealing with an unauthorized binary platform.

Why have they failed to post any copies of their license certificates? A true and regulated broker will post copies of their documents for all to see. By doing this, they show honesty and transparency in their activities. And this is where we catch them red handed with pants down. Numbers posted as their registration details are simply random numbers with no meaning. Stay away from unregistered online investment entities.

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Features of Deriv/ Advantages

About Deriv

After trying to find any advantage of dealing with this platform, none could be found. Trading with an unlicensed entity puts your funds at jeopardy. Whoever opens an account with this broker should know funds are not being withdrawn.  These accounts have balances still reflecting which is a classic scam move.

Disadvantages of Deriv

Accounts offered

Deriv is not furnishing users with any account type which is cause for alarm. How on earth are traders using this platform? What are the features of trading with this platform? Has the broker listed the minimum required deposit to trade with this platform? Lack of these vital details is clear proof we are dealing with a rogue binary options platform. Whoever signs up should know there are no account types. Stay away from these platforms which don’t offer account types to choose from.

Deposit and withdrawal

When it comes to deposit and withdrawal, the broker has this area well covered. Depositing is easy and fast as expected with any operating investment platform. Depository channels include FasaPay, I Wallet, Neteller, Skrill, Visa, and more. A big problem with this platform is withdrawing these funds. We noticed that they fail to post any withdrawal policy on their homepage. And this is proof the scammers won’t allow anyone to withdraw funds with them.

Fake claims

If you look at their About Us page, you will see some bloated numbers. Scam artists will do anything including posting fake details. According to this platform, they have over 960,000 trading accounts open. Wouldn’t this make them one of the leading binary options platform?  None of the binary experts has ever heard of this platform. And this is what makes it a scary and untrustworthy binary options scam.

No live chat

How does this broker expect users to contact them, using emails? Emails are one way communication which means response is limited. Deriv is choosing which email to respond to making communication next to impossible. And this is where we draw the line with this broker as they are openly stealing from investors.

Are funds safe with Deriv?

After checking all the facts, we are sure this platform is not properly securing funds. Who is in charge of handling funds? Lack of proper security protocol such as SSL Encryption is a problem. Segregation of accounts is also a problem as Deriv is pooling funds in one account. Bankruptcy or insolvency can occur at any time. Members should not expect any compensation as Deriv does not participate in a compensatory scheme.

Is Deriv a scam?

Deriv Binary Options Trading Platform

Details clearly show we are dealing with a platform which does not follow industry regulations. What these scam artists are doing is putting your funds at risk by stealing from investors. Mark all their emails as spam and ignore all calls from their agents. Warn your family and friends from joining any of their affiliate programs. Stay away from this platform or become their next victim.

Bottom line

Adding this broker to our scam blacklist will ensure our readers are kept safe. Knowing which platforms to use is a big plus when it comes to online investment. Stay away from Deriv as it is a proven binary options scam platform.

Why not use innovative and reliable Forex brokers? Start making the right decision by signing up with above board and credible Forex brokers at all times. Your chance to make stable profit margins is here with affordable brokers. What are you waiting for?

Wishing all newbie investors a lucrative and safe trading experience.

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