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Deriv review ; Is Deriv.com a Scam? Find out now

Deriv review ; Is Deriv.com a Scam? Find out now

The estimated reading time for this post is 328 seconds

Deriv review ; This is an unregulated binary option and CFD broker that operate from St. Vincent and the Grenadines. This broker offers potential clients mt5 trading plartform, as well as Dtrader which they describe as powerful yet easy to use plartform. In addition, traders have the opportunity to trade using a robot under a plartform known as Dbot.

Deriv review

Meanwhile, deriv.com parade other qualities with Which they hope to attract investors. For instance, they claim that their minimum deposit can be as low as 5 dollars. And minimum stake of 0.35 dollars. Moreover, this broker claim to offer a payout as high as 50,000 dollars.

Before we continue this deriv review, we want to let you know that investing in this broker is taking a bigger risk. Therefore, stay away from it.

Meanwhile, there is no method of contacting these people. They don’t have a live chat and there are no phone numbers or email address to reach out to them. In addition not even their physical address is made known. Therefore we can reliably say that the operators of these brokerage are ghosts.

The big question is, are you going to involve yourself in a business with ghosts? Well, we will even give you more reasons why we blacklist them in this review.

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Deriv review

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Deriv review

These people claim to be the latest innovation of binary group. For all we know, they are not licensed. Moreover, they are operating from the st. Vincent and the Grenadines. This is one of the hubs of off shore brokers. Of course their government does not regulate forex and binary options very tight. Therefore, scammers always take advantage of that. We always encourage our clients to invest in brokers regulated by top regulatory bodies like ;

Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC) or the Financial Conduct Authority (FCA) in the UK.
Example of such broker is iqoption.
This way, you are sure of clients compensation funds.

Meanwhile, there are some good aspect of this broker and we will not fail to talk about them. For instance, they have a wide variety of tradable instruments.

Deriv says to be offering over 100 assets available across several major markets, including forex, indices and commodities, which you can trade both as binary options and CFDs. Although, they don’t trade cryptocurrency at the moment.

In addition, their trading plartform include MT5. This MetaTarder5 is a highly reliable, professional trading platform, featuring numerous market indicators and trading robots with the help of which one can easily run algorithmic tracing sessions.

Other Disadvantages of this broker.

High Leverage:

These people offer leverage as high as 1:1000. This may appear attractive but we consider it a trap. And you will find out why in this deriv review.

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Deriv reviewAs for this trap by deriv ; You should be aware that leverage comes with a trade off. And your funds can disappear in a matter of minutes when the market turns against you. Therefore, in the past few years leverage was restricted to levels well below 1:100 on virtually all major regulated markets including the EU, Canada, Japan and the U.S.

No Demo account:

Deriv.com does not provide any demo account. Therefore it’s difficult for us to objectively access their trading conditions. But subjectively, we can say that this trading conditions are not most likely going to be favourable. This is the only reason they would not allow potential clients to access it through a Demo account.

Deposit, Withdrawal, Commission :

There are different methods of deposit and withdrawal. These include bank wire, credit/debit cards, e-wallets, and cryptocurrencies.
Meanwhile, when it comes to commission, we have a lot of concern. In the course of this Deriv review, we found out that they reserve the right to charge deposit and/ or withdrawal fees on their sole discretion. In addition, they have the right to reverse the trades you have made. You can take a look at it here below.

This implies that this people reserve the right to do with you what’s over they choose.

Moreover, deriv.com does not reveal their minimum deposit and withdrawal. These are important information that can guide one.
Like we know, regulated brokers such as hot forex usually accept minimum deposit within the industry standard.

Who owns this firm?

Deriv is owned and operated by Binary (SVG) Ltd, which is an offshore company based on St. Vincent and the Grenadines. And not licensed and authorized by any official financial regulator.

Otherwise Binary (SVG) Ltd is said to be a part of a holding company – Binary Limited, based on the Channel Islands (UK), which also runs several other subsidiaries, registered in Malta, Vanuatu, British Virgin Islands and Malaysia, which are said to be regulated by the respective local autorities.

Like we earlier pointed out, these local authorities have very loose protocols for regulation. Therefore, we don’t consider these as regulation. You should avoid deriv at all cost. If you really want to invest, then Fxpro, which is fully registered and regulated is where you can do it.

Deriv review

Deriv review Conclusion.

This broker is out to scam you. They are not licensed. At the same time, their terms and condition give every authority to scam you and get away with it.

Avoid it and invest in better companies like hotforex.


Hot forex review.

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