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The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!
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Retail Forex License
FSC Suspicious Clone
Company Name:
Binary Investments (Europe) LtdCompany Abbreviation:
DerivPlace of registration:
Malta
Regulatory Status:
Suspicious CloneCustomer Service Email Address:
support@deriv.comCustomer Service Phone Number:
+44 1942 316229Company summary
BasicInformation&RegulationofDerivDeriv'sstorybeganin1999,theyearRegentMarketswasfoundedbyanentrepreneurinpartnershipwithafinancialmathematiciantodevelopalgorithmsfortheworld'sfirstfixed-oddstradingsystemforretailinvestors.2000sawRegentMarkets'firstofficeinMalta,whereitacquireditsfirstbinaryoptions.In2001,RegentMarketslaunchedBetOnMarkets.com,thefirstplatformtoofferbinaryoptionstoretailtraders.In2004,RegentMarketsopenedasecondofficeinMalaysia,andin2013,BetOnMarkets.comwasrenamedBinary.com.Thenewbrandcanoffermorefeaturesandmarketranges.In2005,theMaltaFinancialServicesAuthority(MFSA)grantedBinary.comaClassIIIinvestmentserviceslicense,authorizingBinary.comtoofferinvestmentservicestoEUinvestors.Binary.comaddedCFDs,apopularformofderivativestradingusedbyretailtradersin2016.In2018,Binary.comopeneditsthirdofficeinLabuan,Malaysia,andin2019,itopenedofficesinDubaiandParaguay.Deriv.comcontinuesitsglobalexpansionwiththeopeningofofficesinCyprusandRwanda,aswellastwonewofficesinIpohandMalaysia.SecurityAnalysisofDerivAsyoucanseeontheofficialwebsiteofDeriv,althoughtheDerivplatformislaunchedbyBinary.com,Derivitselfisnotregulatedinanyway,andtheMaltaMFSAislicensedbyBinary.comandnotDeriv.Thefirstandmostrigidcriteriontodeterminewhetheratradingplatformissafeiswhetheritisappropriatelyregulated.Unregulatedbrokerscannotprovidesecurityforinvestors'funds.Investorsshouldespeciallylookforthereallicensee,regulatorynumber,andwhethertheregisteredaddressofthebrokeristhesameastheactualofficeaddresswhencheckingthebroker'slicensetoavoidlossoffunds.MarketInstrumentsDerivofferstradersawiderangeoffinancialproducts,includingForexcurrencypairs,compositeindices,stockindices,andcommodities.TradingTypesofDerivDerivoffersthreetypesoftrading,namelymargintrading,optionstrading,andmultiplieroptionstrading.Margintradingallowsinvestorstopurchaselargerunitsofassetsatafractionofthecostwhileexpandingpotentialprofitsbutalsoincreasingpotentiallossesatthesametime.Optionstradingallowspayoutstobeobtainedbypredictingmarketmovementswithouttheneedtopurchasetheunderlyingasset—tradingdigitaloptionsatforex.Multiplieroptionsallowtradingwithleveragewhilelimitingthedownsideriskofaninvestment.Traderscanincreasetheirpotentialprofitstothelimitbymultiplyinganymarketmovementbyseveraltimeswithouthavingtotakeonmoreriskthantheirinitialinvestment.TradingPlatformsAvailableDerivofferstradersachoiceoftradingplatforms,mainlyDtrader,DBot,DMT5,andSmartTrader.DMT5isanall-in-oneForexandCFDtradingplatform.DepositandWithdrawalofDerivDerivacceptsdepositsandwithdrawalsfromtraders'investmentaccountsviabanktransfer,debit/debitcards,e-wallets,andcryptocurrencypayments. About MoreWarning: Low score, please stay away!
Previous Detection: 2021.07.27 Risk: 8 Item
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First, they have saved my credit card without my permission, first withdraw they claim that they cant withdraw to the same card and after complaining a lot they did. After i deposit the second time again the same story they cant withdraw to the same card! That's ridiculous and requested to escalate to the head of compliance and they refuse it!
Mr. Rolex
2021/06/16
Portugal
I entered a sell position and close with a loss of about 7.6 Dollars..when I clicked on close with a loss ,when loading the closed order a buy order was use to close the sell order ,but the buy order appeared fast and my order was closed ...only to open my mt5 and saw a buy order with a loss of about 8 dollar...I didn't open a buy order or did I give any one my phone or PC ...I reported to a deriv agent i know because he introduced me to deriv.and Only for him to give me nonsense excuses...
FXYMOlsn9919
2021/05/24
Nigeria
I placed a sell order ,and close with a loss of about 7.6 dollar...but when I clicked on close sell order ,it will displace buy order very fast and close my sell order...only to open my mt5 and want to trade I saw a buy order loss of about 8 dollar ,I didn't open a buy order,I reported it to one of deriv agent I know ,and he was given nonsense excuses..
FXYMOlsn9919
2021/05/24
Nigeria
After i tried to solve with their support in order for them to proceed with the withdrawal of my inicial deposit of 2000$ i had to go search for their compliance head Joanna Frendo, the payment head Derek Swift and also the ceo Jean-Yves Sireau via Linkedin where i could send them a message regards this situation where they dont want to proceed with the withdrawal and still forcing me to trade in an account with huge slippage. Well their CEO Jean-Yves Sireau didnt even reply when i spoke about the problem. And the payment head Derek Swift where even worse. Well as i can see this company doesnt seems professional nether respectful with their clients. Dont reply messages and in a certain way refused to help a client when he comes to you requestinig their intervention this doesnt seems right to me. Joanna Frendo, head of compliance didnt conect with me yet.
traderm
2021/05/15
United States
Following are all the trades i placed and they open where theres no even line, where the price didnt even touch. This is SCAM. They do this so the clients lose money. and when you request the withdrawal after trade almost a lot with this ridiculous slippage they dont want to prooced with your withdrawal and they force you to trade more or you will pay 66$ SCAMERS.
traderm
2021/05/15
Brazil
The Malta Financial Services Authority (MFSA) is the single regulator of financial services in Malta established on 23 July 2002 through the Act of Parliament (Chapter 330 of the Laws of Malta). MFSA’s main functions are the protection of consumers, integrity of financial markets, financial stability and the supervision of all financial services activities，which include banking, financial institutions, payment institutions, insurance companies and insurance intermediaries, investment services companies and collective investment schemes, securities markets, recognised investment exchanges, trust management companies, company services providers and pension schemes. MFSA also holds an advisory role to Government in the formulation of policies on matters relating to the financial services industry.
Current Status:
Suspicious CloneLicense Type:
Market Making(MM)Regulated in Country/Area
Malta
Regulatory License No.：
C 70156Email Address of Licensed Institution :
joanna@binary.comLicense Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
LEVEL 3, W BUSINESS CENTRE, TRIQ DUN KARM, BIRKIRKARA，MALTAPhone Number of Licensed Institution :
21315791Licensed Institution Certified Documents :
Deriv MFSA牌照 View Certified Documents Binary Investments MFSA20200915更新 View Certified Documents
The Vanuatu Financial Services Commission (VFSC) was formally established in December 1993, after the Vanuatu Parliament enacted the Vanuatu Financial Services Commission Act No. 35 of 1993. Previous to this, the VFSC was the Registrar of Companies and the Official Receivership Department of the Treasury since 1971 under the then, British Administration and after independence in July 1980, the Ministry of Finance and Economic Management. The VFSC has set up four departments, namely Corporate Services, Legal Enforcement & Insolvency, Supervision and Registration.
Current Status:
Suspicious CloneLicense Type:
Retail Forex LicenseRegulated in Country/Area
Vanuatu
Regulatory License No.：
UnreleasedEmail Address of Licensed Institution :
--License Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
--Phone Number of Licensed Institution :
--Licensed Institution Certified Documents :
Deriv-VFSC牌照200516 View Certified Documents Deriv VFSC牌照 View Certified Documents Deriv-VFSC牌照201130 View Certified Documents
The enactment of the Financial Services Commission Act in December 2001 established the British Virgin Islands Financial Services Commission (FSC) as an autonomous regulatory authority responsible for the permission, regulation, supervision of all financial services in and from within the BVI, which includes insurance, banking, fiduciary services, trustee business, company management, investment business, and insolvency services, as well as the registration of companies, limited partnerships and intellectual property. Since 2002, FSC assumed the responsibility for functions previously carried out by the Government through the Financial Services Department. FSC, as financial services regulator, is also responsible for promoting public understanding of the financial system and its products, policing the perimeter of regulated activity, reducing financial crime, and preventing market abuse.
Current Status:
Suspicious CloneLicense Type:
Retail Forex LicenseRegulated in Country/Area
The Virgin Islands
Regulatory License No.：
SIBA/L/18/1114Email Address of Licensed Institution :
--License Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
--Phone Number of Licensed Institution :
--Licensed Institution Certified Documents :
Deriv FSC牌照 View Certified Documents
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Basic Information & Regulation of Deriv
Deriv's story began in 1999, the year Regent Markets was founded by an entrepreneur in partnership with a financial mathematician to develop algorithms for the world's first fixed-odds trading system for retail investors. 2000 saw Regent Markets' first office in Malta, where it acquired its first binary options. In 2001, Regent Markets launched BetOnMarkets.com, the first platform to offer binary options to retail traders. In 2004, Regent Markets opened a second office in Malaysia, and in 2013, BetOnMarkets.com was renamed Binary.com. The new brand can offer more features and market ranges. In 2005, the Malta Financial Services Authority (MFSA) granted Binary.com a Class III investment services license, authorizing Binary.com to offer investment services to EU investors. Binary.com added CFDs, a popular form of derivatives trading used by retail traders in 2016. In 2018, Binary.com opened its third office in Labuan, Malaysia, and in 2019, it opened offices in Dubai and Paraguay. Deriv.com continues its global expansion with the opening of offices in Cyprus and Rwanda, as well as two new offices in Ipoh and Malaysia.
Security Analysis of Deriv
As you can see on the official website of Deriv, although the Deriv platform is launched by Binary.com, Deriv itself is not regulated in any way, and the Malta MFSA is licensed by Binary.com and not Deriv. The first and most rigid criterion to determine whether a trading platform is safe is whether it is appropriately regulated. Unregulated brokers cannot provide security for investors' funds. Investors should especially look for the real licensee, regulatory number, and whether the registered address of the broker is the same as the actual office address when checking the broker's license to avoid loss of funds.
Market Instruments
Deriv offers traders a wide range of financial products, including Forex currency pairs, composite indices, stock indices, and commodities.
Trading Types of Deriv
Deriv offers three types of trading, namely margin trading, options trading, and multiplier options trading. Margin trading allows investors to purchase larger units of assets at a fraction of the cost while expanding potential profits but also increasing potential losses at the same time. Options trading allows payouts to be obtained by predicting market movements without the need to purchase the underlying asset—trading digital options at forex. Multiplier options allow trading with leverage while limiting the downside risk of an investment. Traders can increase their potential profits to the limit by multiplying any market movement by several times without having to take on more risk than their initial investment.
Trading Platforms Available
Deriv offers traders a choice of trading platforms, mainly Dtrader, DBot, DMT5, and SmartTrader. DMT5 is an all-in-one Forex and CFD trading platform.
Deposit and Withdrawal of Deriv
Deriv accepts deposits and withdrawals from traders' investment accounts via bank transfer, debit/debit cards, e-wallets, and cryptocurrency payments.
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Official Email：wikifx001@163.com；
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Customer Service Phone Number：（HK）+00852 54200870
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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.
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