Deriv	Basic Information
Registered Country/Region	Malta
Founded in	Unknown
Regulation	No regulation (Fake and clone forex broker
Company Name	Deriv (FX) Ltd
Instruments	Forex, commodities, cryptocurrencies, synthetic indices, and more
Account types	Synthetic Account, Financial account, Financial STP Account
Demo Account	Available
Minimum deposit	$1
Leverage	Unknown
Spreads & commissions	Unknown
Non-trading fees	No deposit or withdrawal fees, inactivity fees after 12 months
Trading platforms	DTrader, DBot, DMT5
Mobile app	Available for Android and iOS
Education	Free educational resources and webinars
Customer support	24/7 multilingual support via live chat, email, and phone

Overview of Deriv

There are two brokers named Deriv, which can cause confusion:

One company is registered in Malta and is commonly known as Deriv.com, with its company name: Binary.com. In 2013 Binary.com rebranded to Deriv. They are a legitimate online trading platform offering forex, commodities, cryptocurrencies, and more, with regulation from the Malta Financial Services Authority (MFSA) and other regulatory bodies.

The other company, also named Deriv (FX) Ltd, is suspected to be a clone or fake broker. There is limited information available about this company, and it is not clear whether they are regulated or offer legitimate trading services.

Is Deriv legit or a scam？

Please note that this Deriv is the trading name of Deriv (FX) Ltd, and this company is not regulated or authorized by any other regulatory authorities. More clearly, this broker is using another legit Deriv's url website to confuse people and it is a clone broker.

Trading with a cloned forex broker carries a high risk as these brokers are not authorized or regulated by any legitimate regulatory body. These cloned brokers often use the names, logos, and websites of established and reputable brokers to deceive traders into believing that they are dealing with a legitimate broker.

Cloned brokers often offer attractive trading conditions such as low spreads, high leverage, and bonuses to lure unsuspecting traders into depositing funds into their accounts. Once traders deposit their funds, they may find that it is impossible to withdraw their money or receive any support from the cloned broker.

Pros and Cons

Based on the available information, it has been reported that Deriv is a suspected clone broker, which means that it is not a legitimate or regulated financial entity. Therefore, it is highly recommended to avoid trading with this broker. It is important to trade with a regulated and reputable broker to ensure the safety of your funds and investments. In conclusion, as there are no pros to trading with an unregulated and potentially fraudulent broker, it is advisable to consider reputable alternatives.

Pros	Cons
None	Cloned broker with unclear regulatory status
	No negative balance protection
	Limited customer support options
	Limited educational resources
	No social or copy trading features

Market Intruments

Deriv offers a wide range of market instruments for traders to trade on, including forex currency pairs, commodities, cryptocurrencies, indices, and synthetic indices. Forex currency pairs include major, minor, and exotic pairs, while commodities include precious metals, energies, and agricultural products. Traders can also trade on popular indices such as the S&P 500, FTSE 100, and Nikkei 225. Deriv also offers trading on popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. Additionally, traders can trade on synthetic indices, which are proprietary indices designed to simulate the behavior of real-world markets.

Account Types

Deriv offers different account types to cater to the varying needs and preferences of traders.

Synthetic Account: This account provides access to synthetic markets, which are artificial markets that simulate real-world market conditions. It requires a minimum deposit of $1 and offers leverage of up to 1:1000.

Financial account: Deriv also provides a financial account, which is specifically designed for trading on financial instruments. This account offers a higher leverage of up to 1:1000, allowing traders to maximize their trading potential. Additionally, traders can access a wide range of financial instruments, including stocks, bonds, and commodities.

Financial STP Account: This account is designed for traders who prefer to trade with Straight Through Processing (STP) execution. It requires a minimum deposit of $100 and provides access to over 50 tradable assets, including forex, commodities, and cryptocurrencies. The account also offers leverage of up to 1:100.

Demo Account

Deriv offers a demo account for traders who want to practice trading without risking real money. The demo account is a simulation of the live trading environment, and it comes with $10,000 in virtual funds that can be used to place trades in a risk-free setting. The demo account allows traders to test the trading platform, try out different trading strategies, and get a feel for the market conditions before investing real money. The demo account is available for all account types, including financial account. It is a great way for new traders to learn how to trade and for experienced traders to test out new strategies.

How to open an account？

1. Go to the Deriv website and click on “Create free demo account” or “Sign up for free” to create a demo or real account, respectively.

1. Fill in your personal information, such as your name, email address, and phone number.

2. Choose the account type that you want to open, such as a real or demo account.

3. Agree to the terms and conditions and submit your application.

4. Once your application is approved, you can fund your account and start trading.

Leverage

Leverage is a critical component of trading that allows traders to control more significant positions in the market with a smaller amount of capital. Deriv offers various leverage options for traders, depending on the type of account and trading instrument. For forex trading, the maximum leverage offered is up to 1:1000 for professional clients and 1:30 for retail clients. For commodities, indices, and cryptocurrencies, the maximum leverage offered is up to 1:200 for professional clients and 1:5 for retail clients.

It's essential to understand the risks involved with leverage trading and how to use it properly to avoid significant losses. Deriv provides education and resources for traders to understand leverage and its impact on trading. Traders can also adjust their leverage levels according to their risk appetite and trading strategies. It's crucial to note that high leverage comes with high risks, and traders should exercise caution when using leverage in their trading activities.

Spreads & Commissions (Trading Fees)

The exact spreads and commissions vary depending on the account type and trading instrument. Here's a brief overview of the spreads and commissions offered by Deriv:

For forex trading, the spreads start from 0.5 pips for major currency pairs such as EUR/USD, GBP/USD, and USD/JPY. The spreads for minor and exotic currency pairs are slightly higher, ranging from 1.0 to 3.0 pips.

For commodities, the spreads start from as low as 0.01 pips for Gold and 0.03 pips for Silver. For other commodities such as Crude Oil and Natural Gas, the spreads range from 0.3 to 3.0 pips.

For indices trading, the spreads start from as low as 0.5 pips for major indices such as the US 500 and Germany 30. For other indices, the spreads range from 1.0 to 3.0 pips.

Deriv charges a commission of $1 for forex trading and $0.50 for commodities and indices trading. However, the commission is only applicable to certain account types such as the Financial and Synthetic Indices account types.

Non-Trading Fees

Deriv does not charge any deposit or withdrawal fees. However, there are some non-trading fees that clients need to be aware of. For instance, an inactivity fee of $5 per month is charged on accounts that have been inactive for more than 12 months. There is also a fee of $10 for each returned deposit or withdrawal, and a $25 fee for withdrawals to international bank accounts. Moreover, clients may incur additional fees for using certain payment methods such as credit cards or e-wallets. It is recommended that clients thoroughly review the fee schedule provided by Deriv before opening an account.

Trading Platform

Deriv offers its clients a variety of trading platforms to choose from, each with its own unique features and advantages. The DTtrader platform is a browser-based platform that is user-friendly and easy to navigate, making it suitable for beginner traders. It offers a wide range of trading instruments, including forex, commodities, cryptocurrencies, and stocks. The platform also comes with a built-in economic calendar and technical analysis tools to help traders make informed trading decisions.

The Deriv platform is a comprehensive trading platform that is suitable for both beginner and experienced traders. It offers advanced charting tools, customizable layouts, and a wide range of technical indicators. The platform is available as a desktop, web, and mobile application, providing traders with access to the markets from anywhere in the world.

For traders who prefer automated trading strategies, Deriv offers the DBot platform. This platform allows traders to create and test their own trading bots using simple drag-and-drop tools. It also provides access to pre-built trading bots that have been developed by other traders.

Trading Tools

Deriv offers a range of trading tools to help traders analyze the markets and manage their trades effectively. Some of the trading tools available on the platform include:

• Swap calculator: This tool helps traders to calculate the swap fees incurred when holding positions overnight. It provides traders with the required swap rate and the amount of swap to be charged or credited to their accounts.

• Margin calculator: The margin calculator is used to calculate the required margin for opening a new position based on the instrument traded, leverage, and trade size.

• Pip calculator: This tool helps traders to calculate the value of a pip for a given currency pair, allowing them to estimate their potential profits or losses on a trade.

• PNL for margin: The Profit and Loss calculator for margin is used to calculate the profit or loss of a trade based on the margin used. It takes into account the instrument traded, leverage, and trade size to provide an accurate estimate of the potential profit or loss on a trade.

Deposit & Withdrawal

Deriv offers various deposit and withdrawal methods for its clients, including bank wire transfers, credit/debit cards, e-wallets, and cryptocurrencies. The available payment options may vary depending on the client's country of residence.

For deposits, clients can use bank wire transfers, credit/debit cards (Visa, Mastercard, Maestro), and e-wallets (Neteller, Skrill, FasaPay, Jeton, Perfect Money, and Qiwi). Deposits made via e-wallets and credit/debit cards are usually processed instantly, while bank wire transfers may take a few business days to reflect in the trading account.

For withdrawals, clients can use bank wire transfers, e-wallets (Neteller, Skrill, FasaPay, Jeton, Perfect Money, and Qiwi), and cryptocurrencies (Bitcoin, Ethereum, Tether, and Litecoin). Withdrawals made via e-wallets and cryptocurrencies are usually processed within a few hours, while bank wire transfers may take up to 7 business days to reflect in the client's account.

It's important to note that some payment methods may have fees associated with them, and the processing time may also vary depending on the payment method and the client's country of residence. Deriv does not charge any fees for deposits and withdrawals, but clients may be subject to fees charged by the payment provider or the intermediary bank.

Customer Support

Deriv offers customer support through multiple channels, including live chat, email, and phone support. The customer support team is available 24/7 to assist traders with any questions or issues they may have. Additionally, Deriv has an extensive FAQ section on its website, which covers a wide range of topics, including account registration, deposits and withdrawals, trading platforms, and more.

One of the advantages of Deriv's customer support is its multilingual support team. The customer support team can assist traders in multiple languages, including English, Spanish, French, Portuguese, Chinese, and more. This allows traders from around the world to communicate effectively with the support team.

Another benefit of Deriv's customer support is its responsiveness. The live chat support team is typically available within seconds, and email and phone support requests are usually addressed within a few hours. Overall, Deriv's customer support is highly rated by traders, and the broker is committed to providing exceptional customer service.

However, one potential downside of Deriv's customer support is that it does not offer support through social media channels. Some traders may prefer to communicate through social media, and the lack of this option could be seen as a limitation.

Educational Resources

Deriv offers various educational resources to help traders improve their knowledge and skills. Some of the educational resources offered by Deriv include:

• Trading guides: Deriv provides detailed trading guides that cover various topics such as forex trading, digital options trading, and contracts for difference (CFDs).

• Video tutorials: The broker also offers video tutorials on its website that cover a wide range of topics such as how to use the trading platforms, technical analysis, and trading strategies.

• Webinars: Deriv conducts regular webinars that cover a variety of topics related to trading. These webinars are conducted by experienced traders and are designed to provide traders with valuable insights and tips.

• Economic calendar: Deriv provides an economic calendar that displays important upcoming economic events and their impact on the financial markets.

• Trading contests: The broker also conducts trading contests that provide traders with an opportunity to test their skills and win prizes.

Conclusion

Based on the information available, Deriv (FX) Ltd is a suspected fake clone broker. It is important for traders to be cautious when dealing with such brokers and to thoroughly research and verify the legitimacy of a broker before opening an account or depositing funds. It is always recommended to choose a regulated broker with a good reputation in the industry to ensure the safety of your investments.

FAQs

• Q: Is Deriv a regulated broker？

A: No, this Deriv is the trading name of Deriv (FX) Ltd, which is not regulated by any regulatory authority.

• Q: What trading instruments does Deriv offer？

  A: Deriv offers a range of trading instruments, including forex, commodities, cryptocurrencies, stock indices, and synthetic indices.

• Q: What are synthetic indices on Deriv？

  A: Synthetic indices on Deriv are proprietary financial instruments that simulate real-world market movements using algorithms. They are available for trading 24/7, unlike regular market indices that have trading hours.

• Q: Does Deriv offer educational resources for traders？

  A: Yes, Deriv offers a range of educational resources such as video tutorials, trading guides, webinars, and market analysis to help traders improve their skills and knowledge.

• Q: Is customer support available on Deriv？

  A: Yes, Deriv offers customer support via live chat, email, and phone in multiple languages.

Company Name	Ontega
Headquarters	Cyprus
Regulations	Suspected Fake Clone
Market Instruments	Cryptocurrencies, Commodities, Indices, Shares, Currencies
Leverage	Varies (e.g., 1:200 for Forex, 1:10 for CFDs on Shares)
Commission Fee	Rollover fees
Minimum Deposit	$200
Deposit/Withdraw Methods	VISA, MasterCard, Maestro, Skrill, Neteller, etc.
Trading Platforms	Web-based platform
Customer Support	Email, Telephone, WhatsApp
Educational Resources	N/A

Overview of Ontega

Ontega is a trading broker headquartered in Cyprus, with a focus on providing access to various financial markets. They offer an array of market instruments, including cryptocurrencies, commodities, indices, shares, and currencies, allowing traders to diversify their portfolios. The platform prides itself on its user-friendly approach, featuring a web-based trading platform that requires no installation, making it accessible from both desktop and mobile devices. Additionally, Ontega provides multiple customer support channels, including email, telephone, and WhatsApp, to assist traders with their inquiries and concerns.

Is Ontega legit or a scam？

Ontega's regulatory status has raised suspicions in the trading community as it lacks clear and established regulatory oversight from recognized financial authorities. Traders are encouraged to exercise caution when considering this platform due to the absence of a well-known regulatory body overseeing its operations. The lack of regulatory oversight can pose potential risks, as traders may not have the same level of protection and assurance as they would with brokers regulated by respected authorities.

Given the concerns surrounding Ontega's regulatory status and the absence of a verifiable track record with recognized regulators, potential investors and traders should conduct thorough research and exercise vigilance. It is crucial to prioritize safety and security when selecting a trading platform, and choosing a broker with a strong regulatory framework can provide an added layer of protection for traders' funds and interests.

Pros and Cons

Ontega offers a user-friendly one-click registration process, making it easy for traders to get started quickly. The platform's web-based nature eliminates the need for installations, ensuring accessibility across various devices. It provides a range of trading instruments, including cryptocurrencies, commodities, indices, shares, and currencies, catering to diverse trading preferences. Additionally, Ontega offers multiple customer support channels, such as email, telephone, and WhatsApp, providing options for assistance. Lastly, it provides a variety of leverage options, allowing traders to choose their preferred level of risk exposure.

Ontega's regulatory status raises concerns, as it lacks clear oversight from recognized financial authorities, potentially posing risks to traders. The absence of comprehensive educational resources is a drawback for those seeking in-depth learning materials. While the platform offers various customer support channels, the disclaimer regarding WhatsApp communication and potential third-party access to information may raise privacy concerns. Moreover, the 1:10 maximum leverage for CFDs on shares may limit trading flexibility for some investors. Lastly, the lack of transparency on fees beyond rollover fees could lead to uncertainty about the cost of trading.

Pros	Cons
Easy one-click registration	Unclear regulatory status
Web-based platform	Limited educational resources
Diverse range of trading instruments	Privacy concerns with WhatsApp communication
Multiple customer support channels	1:10 maximum leverage for CFDs on shares
Flexible leverage options	Lack of transparency on fees beyond rollover fees

Market Instruments

Ontega offers a diverse range of market instruments, providing traders with opportunities to diversify their portfolios and explore various asset classes. Among the options available are cryptocurrencies, including popular assets like Bitcoin and Ethereum. Cryptocurrencies have gained significant attention in recent years, offering traders the chance to speculate on the price movements of these digital assets, which can be highly volatile and present both potential rewards and risks.

In addition to cryptocurrencies, Ontega provides access to commodities, enabling traders to participate in the commodities market. This includes various commodities such as gold, oil, and agricultural products. Commodity trading can be appealing to investors seeking to hedge against inflation or capitalize on supply and demand dynamics in these markets. Ontega also offers indices, shares, and currencies for trading, allowing traders to engage in global financial markets and potentially benefit from price fluctuations in major stock indices, individual company shares, and currency pairs.

How to open an account in Ontega？

Opening an account with Ontega is a straightforward process that can be completed in a few simple steps.

1. Go to Ontega's official website to begin the account registration process.

2. Locate and click on the “Open an Account” or similar button on the website's homepage.

3. Provide your personal information, including your name, email address, and contact details, as requested in the registration form.

4. After completing the form, check your email inbox for a verification link from Ontega and click on it to confirm your email address.

5. Select the type of trading account you wish to open, taking into consideration your trading preferences and requirements.

6. Deposit the initial funds into your Ontega trading account using one of the supported payment methods to start trading.

Once these steps are completed, you'll have a fully registered Ontega trading account, ready to explore the platform's features and engage in online trading activities.

Fees

Ontega imposes fees primarily in the form of rollover fees, which can vary depending on the asset class being traded. For cryptocurrencies, traders should be aware of a 0.50% rollover fee, which is applied when positions are held overnight. This fee is a percentage of the position's value and is important to consider when planning long-term cryptocurrency trades.

In contrast, commodities, indices, shares, and currencies all incur a 0.015% rollover fee for positions held overnight. While these fees are relatively low compared to some other brokers, they can still accumulate over time for traders who frequently hold positions overnight.

Leverage

Ontega offers a range of maximum leverage levels across different asset classes, catering to traders with varying risk appetites and strategies. In foreign exchange currency trading (Forex) and commodities trading, Ontega provides a maximum leverage of 1:200. This level of leverage allows traders to control a more substantial position size relative to their initial capital, potentially amplifying both profits and losses. While higher leverage can enhance the potential for significant gains, it also heightens the risk of substantial losses, making it crucial for traders to exercise prudent risk management practices.

For CFD trading on indices, Ontega offers a maximum leverage of 1:100, which still provides traders with considerable leverage to capitalize on price movements in these markets. However, CFD trading on shares is subject to a lower maximum leverage of 1:10, reflecting the higher risks associated with individual company stocks. In the cryptocurrency market, Ontega offers a maximum leverage of 1:2, highlighting the high volatility and risk inherent in the crypto space. Additionally, Ontega provides the option of 5 protected positions with a maximum leverage of 1:20, which can serve as a risk management tool to limit potential losses.

Trading Platform

Ontega offers traders a user-friendly online trading platform with several notable features. One of its key advantages is the straightforward one-click registration process, allowing users to open an account swiftly within just 5 minutes. This simplicity can be appealing to new traders looking to get started quickly. Additionally, Ontega's web-based platform eliminates the need for installations or downloads, ensuring accessibility across various desktop and mobile devices.

Moreover, Ontega places a strong emphasis on the fusion of learning and trading, aiming to provide traders with valuable skills and knowledge. The platform offers a range of tools, including Stop Limit, Stop Loss, Trailing Stop, and Guaranteed Stop, along with free email and push notifications on market events, price alerts, and market updates. This suite of tools empowers traders to make informed decisions and manage their risk effectively. Furthermore, Ontega allows users to customize their platform settings, tailoring it to their preferences and risk management strategies. While these features may be appealing to traders seeking convenience and control, it's essential for individuals to conduct their due diligence and carefully assess Ontega's offering and suitability for their trading needs.

Deposit & Withdrawal

Ontega offers a variety of payment methods to cater to the diverse needs of its traders. These methods include well-known options such as VISA, MasterCard, and Maestro, providing a convenient way for users to deposit funds into their trading accounts using their credit or debit cards. This can be especially convenient for those who prefer traditional banking methods for financial transactions.

In addition to card payments, Ontega also supports electronic payment solutions like NETELLER and Skrill, which offer an added layer of security and flexibility for users. These e-wallet options can be particularly attractive to traders looking for fast and efficient ways to manage their funds. Furthermore, Ontega provides the option of Bank Transfers, ensuring that traders can initiate direct transfers from their bank accounts if they prefer this method.

Customer Support

Ontega provides multiple avenues for customer support, ensuring that traders have access to assistance when needed. They offer an email support option through Customer.Service@ontega.com, allowing users to reach out with their inquiries or concerns. Additionally, Ontega provides telephone support during specified operating hours from Monday to Friday, between 08:00 and 19:00 GMT+2. This direct phone support can be valuable for traders seeking immediate assistance and guidance with their trading-related issues.

For added convenience, Ontega also offers customer support via WhatsApp at +447520640100. While this channel provides a modern and efficient way to communicate with the support team, it's worth noting the company's disclaimer regarding potential third-party access to information during these WhatsApp communications. Traders should consider their privacy and take necessary precautions when using this platform.

Educational Resources

Ontega is notably limited in terms of educational resources, which can be a drawback for traders, especially those who are new to the financial markets and seeking comprehensive educational materials. The platform does not offer a robust selection of tutorials, webinars, or educational articles that can assist traders in developing their skills and understanding market dynamics. As a result, individuals looking for in-depth educational resources may find Ontega lacking in this aspect, and they might need to seek supplementary learning materials from external sources to enhance their trading knowledge and proficiency.

Conclusion

In summary, Ontega is a trading platform that offers a user-friendly experience with one-click registration and a web-based interface, making it accessible across various devices. It provides a diverse range of trading instruments, including cryptocurrencies, commodities, indices, shares, and currencies, catering to different trading preferences. The broker also offers multiple customer support channels, ensuring assistance is readily available to traders. Moreover, Ontega offers flexible leverage options, allowing traders to customize their risk exposure.

However, it's essential to note the concerns raised about Ontega, primarily related to its regulatory status. The lack of clear oversight from recognized financial authorities can raise questions about the platform's trustworthiness and the level of protection it offers to traders. Additionally, the limited educational resources and potential privacy issues with WhatsApp communication are factors that traders should carefully consider when evaluating Ontega as a trading option. As with any trading platform, due diligence and thorough research are crucial to making informed decisions that align with individual trading needs and risk tolerance.

FAQs

Q: Is Ontega a regulated broker？

A: Ontega's regulatory status is unclear, and it lacks oversight from recognized financial authorities.

Q: What types of market instruments can I trade on Ontega？

A: Ontega offers a range of market instruments, including cryptocurrencies, commodities, indices, shares, and currencies.

Q: How can I contact Ontega's customer support？

A: You can reach Ontega's customer support through email at Customer.Service@ontega.com, telephone, or WhatsApp during specified operating hours.

Q: What is the maximum leverage available on Ontega？

A: Ontega provides varying maximum leverage levels, such as 1:200 for Forex and commodities, 1:100 for CFDs on indices, 1:10 for CFDs on shares, and 1:2 for cryptocurrencies.

Q: Does Ontega offer educational resources for traders？

A: Ontega lacks comprehensive educational resources, and traders may need to seek external materials for in-depth learning about trading strategies and market analysis.