Deriv Broker Company Research
The reliability of the company is determined by a combination of experience and legal grounds for operation. However, scammers clumsily disguise their actions, trying to deceive trusting beginners. Therefore, it is important to independently verify the information, not taking the brokers’ promises at face value. Deriv company was no exception.
What is known about Deriv company?
The official Deriv website claims that the company has been operating since 1999 under various names, such as Regent Markets, BetOnMarkets, and Binary. Reviews about Deriv’s predecessors are negative, pointing to financial manipulations and dishonest actions.
An interesting fact is that the Deriv brand appeared only in 2020, but the deriv.com domain was registered back in 1996. This indicates a possible acquisition of an old platform, which is ambiguous and characteristic of scammers.
Questions also arise regarding the company’s licenses, which are listed on the website from dark offshore locations. Although the company has a Malta FSA license, the Central Bank of Russia does not recognize it, making cooperation with it extremely risky for traders from Russia.
The Central Bank of Russia has already warned about the possible risks of cooperating with Deriv, including them in the list of unscrupulous companies. This is confirmed by a plethora of negative feedback about the broker.
Terms of cooperation on the Deriv platform
The rules of the Deriv platform are designed so that the creators of the platform always win. Users note that they start with demo accounts, but fake trading transactions only lead clients to real accounts. The company offers a wide range of financial instruments, such as currency pairs, cryptocurrencies, commodities, indexes, and stocks.
There are three types of accounts: “Synthetic” for cryptocurrencies, “Financial” for CFDs on indices and commodities, and “Financial STP” for currency pairs. The entry threshold on the platform is low, allowing the pseudo-broker to attract new investors.
Reviews about Deriv
Reviews indicate that Deriv does not fulfill its obligations and operates solely to attract clients’ funds. Users are left deceived, not receiving the promised profits.
How they deceive on the Deriv platform
Deriv actively develops partnership programs to attract new clients and continue their machinations. These programs, at first glance, mimic trading, but are actually aimed at enriching scammers. The company’s actions are only intended to interest clients and extract maximum benefit from them, after which they block their accounts without returning the profits.
Conclusions
Deriv is a platform launched by cunning scammers under the guise of a broker. They seek to attract inexperienced traders and easily manipulate them. The Central Bank has identified the company as unreliable, and it is advisable to refrain from cooperation. It is important to share experiences to warn others against falling into the trap of deception.
