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/10
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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Software Index
Regulatory Index
Market Making(MM)
MFSA Suspicious Clone
Retail Forex License
VFSC Suspicious Clone
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
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 had more robust features and new 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, the most 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 continue About MoreWarning: Low score, please stay away!
Previous Detection: 2021.05.09 Risk: 8 Item
Exhibition Area
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MT4/5
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They are simple SCAM. When you open your account they dont even let you upload your documents, is blocked the option. Then they give you a wihtdrawal limit of 10000$ without verification. I have deposited, trade and they i tried to place the withdrawal ( after i had to pay 2% to transfer from my mt5 account to my btc wallet into their web site) but the withdrawal was blocked. I went to live chat where ALEX livechat agent told me that in order to withdrawal crypto i had to upload the documents ( at the time they finaly release the option to upload the documents ). But again, the limit they give to an unverify account is 10000$ or 0.177btc which at the time i had 0.088btc on my account. Well after i fight agains their uneficient website and horrible support team, my account was fully verified and i finally got the withdrawal unblocked .
MrTrader
2021/05/03
Brazil
manipulation of candle time
FXYMOlsn9919
2021/05/03
Nigeria
I Invested My Money Since Last And I Haven't Got It Tney Keep On Avoiding Me
FXFTVrqk2330
2021/04/16
United States
In the pictures below, I took a buy position on USDCHF on the green line and my stoploss at the redline but my account of $4 was wiped even though my stoploss was hit on AUDJPY for a -$1.40. My account was supposed to be on profit from USDCHF because I took the trade from the breakout of the blackline and price never came down below the blackline. Deriv Broker manipulation everything.. Please help me sue them for the damage they've caused me. I sue for damages
FXQIQgyq6660
2021/02/26
Nigeria
Trade are put in the wrong place i took a trade on 26 Jan it was a sell but the broker put my trade below the current candlestick
FXCAThjn0918
2021/01/26
South Africa
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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WIKI Research
2021.05.09 updated
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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 had more robust features and new 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, the most 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 to strengthen its Malaysian presence.
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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You are visiting the website of WikiFX. In addition, its website and mobile product—WikiFX, is a global inquiry tool for enterprise profile that is operated by Wiki Co., LIMITED (Registration No.2806237) based in Hong Kong Special Administrative Region of China. Users should comply with the law of their countries/regions.
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