User reviews of the company’s performance in 2022.
**Deriv: user reviews about the company’s performance in 2022**
When choosing a broker, it is important to pay attention to its legality in your jurisdiction, despite having a license and offshore registration. Using Deriv as an example, there are mixed reviews mentioning suspicions of fraud and manipulation. The company claims to operate within the law, but real clients share negative experiences.
Brief overview of Deriv
Deriv’s website states that the company has been providing its services for over 20 years and has impressive figures:
- 2.5M+ clients worldwide,
- 26M+ USD earned by traders last month,
- 114M+ transactions last month,
- Total contract volume exceeding 10 billion dollars.
According to Whois data, the Deriv website has been in existence since 1996.
Upon researching Deriv, it was found that the company belongs to Regent Markets Group, which previously launched projects such as BetOnMarkets and Binary.com. After receiving negative reviews, the company rebranded as Deriv while maintaining its core functions under a new brand.
Information on the deriv.com website indicates that Deriv Investments (Europe) Limited is the broker, registered in Malta under license no. IS/701/56. Russian traders need to consider the broker’s legitimacy in the Russian Federation. Roskomnadzor has already blocked Deriv due to suspicions of fraud, and the Central Bank of Russia has blacklisted the company.
Trading opportunities
Deriv offers trading in currencies, commodities, stocks, and synthetic indices. Users claim that trading can start with as little as 5 dollars. Collaboration features include:
- two types of contracts with different conditions,
- funds held in segregated accounts,
- 24/7 support,
- client fund protection,
- demo account,
- instant trade execution,
- auto-trading support.
The trading platforms offered are DMT5 and Dtreider. However, clients note that the company’s software is susceptible to manipulation and significantly increases risks for traders.
Broker reviews
According to users, Deriv deceives its clients and is not trustworthy. It is recommended to avoid doing business with them and safeguard your savings.
Fraud scheme
Deriv, despite several rebranding efforts, maintains the essence of its fraudulent activities. The company uses manipulated terminals to conduct transactions in its favor. Additionally, the leverage offered violates norms, leading traders into a debt trap.
Conclusion
Deriv is not recommended for collaboration, especially in the Russian Federation, where the company operates illegally and has been blocked. Users face significant risks and may lose their savings without receiving compensation from scammers.