• Deriv

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Overview

Deriv has a rating of 1.33 stars from 12 reviews, indicating that most customers are generally dissatisfied with their purchases. Deriv ranks 355th among Currency Trading sites.

  • Service
    6
  • Value
    6
  • Quality
    6
Positive reviews (last 12 months): 0%
Positive
0
Neutral
0
Negative
8
3
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How would you rate Deriv?
Top Positive Review

“Best Forex, crypto and binary broker”

John c.
6/17/22

If you're looking for a reliable and legit broker for your forex and binary trading then you have seen the right one here! This broker is called Deriv Ltd and it allow you trade 24/7 without the interference of fundamental news. With over 2 decades in services, deriv have the lowest spread and commissions. Minimum deposit and withdraw is $5. Click https://bit.ly/2QPf6ga to get start for free!

Top Critical Review

“Warning: Deriv - Questionable Practices”

katlego M.
3/6/24

Title: Warning: Deriv - Questionable Practices I recently had a concerning experience with Deriv. While the platform allowed easy deposits, I encountered significant challenges when attempting to withdraw funds. The lack of assistance and questionable practices regarding withdrawals raise red flags, making me skeptical of Deriv's trustworthiness. Exercise caution and consider alternative platforms with more transparent practices

Reviews (12)

Rating

Timeframe

Other

Thumbnail of user khathu866
1 review
0 helpful votes
March 6th, 2024

Title: Warning: Deriv - Questionable Practices

I recently had a concerning experience with Deriv. While the platform allowed easy deposits, I encountered significant challenges when attempting to withdraw funds. The lack of assistance and questionable practices regarding withdrawals raise red flags, making me skeptical of Deriv's trustworthiness. Exercise caution and consider alternative platforms with more transparent practices

Products used:
N/A

Service
Value
Quality
Thumbnail of user mabelb47
2 reviews
0 helpful votes
January 30th, 2023

This site is fake and it was made to ruin individuals, You will lose everything to them if you are not careful. Don't believe anything coming from them all they want is your money. After many failed attempt to get money back on my own i lost hope, until recently that i started working with DwightR12 via (telegram), and i am glad i took the right step. I have finally got my total balance back.

Service
Value
Quality
Thumbnail of user bader2
3 reviews
3 helpful votes
September 25th, 2023

This is a very destructive company, from them moment you send them the first payment it is down hill from there. They will do anything to ruin you for their own pocket and many people are really out of pocket because of this scammers. I was one of them too until i met (Donald) the expert above, i reported my case with his team and i amazed they made the best out of my situation. I got total refund of every single penny invested + profits in few weeks of work... Never too late.

Thumbnail of user okol1
1 review
0 helpful votes
December 4th, 2023

What do deriv want from me exactly? I'm tired, my cashier was blocked, they keep rejecting every document I submit without any valid reasons, I have submitted my recent bank statement, my residence permit, my gas bill. All these documents has my full name and is very recent. I'm fed up deriv, unlock my cashier, please

Thumbnail of user isabellal302
1 review
0 helpful votes
April 25th, 2024

They closed my trades without even taking time to inform me and went ahead to announce that it was technical problems, but i received no compensation and lost so much, trustpilot stop trying to silent me by deleting my reviews. ( Fla)_ ( shrec)_ ( l a i m) at gm_-ail DOT C O M or ( Fla)_ ( shrec)_ ( la im) at (out)~(look).c0m made sure I got back every penny they failed to pay me, all I had to do was file a report to them and they acted really fast and made sure I was refunded in less than a week

Service
Value
Quality
Thumbnail of user berrygg
1 review
0 helpful votes
March 5th, 2024

AVOID IT I was robbed by this broker; my money vanished from my wallet. When I contact customer service, they claim they have no idea what happened to my money, even if I was hacked. They also won't let third parties withdraw your money until I find the website MADAC0VI. CO, which has helped me retrieve all of my money from them. MADACOVI. CO SUPPORTS ME WITH THEIR WORKERS AND CYBERSECURITY TOOLS.

Thumbnail of user moglixd
1 review
1 helpful vote
May 25th, 2023

You make the transfer and then you can't withdraw it even talking to the support. They ask to transfer more money to withdraw what you have there

Service
Value
Quality
Thumbnail of user johnc8431
2 reviews
0 helpful votes
June 17th, 2022

If you're looking for a reliable and legit broker for your forex and binary trading then you have seen the right one here! This broker is called Deriv Ltd and it allow you trade 24/7 without the interference of fundamental news. With over 2 decades in services, deriv have the lowest spread and commissions. Minimum deposit and withdraw is $5. Click https://bit.ly/2QPf6ga to get start for free!

Thumbnail of user ferdinand.meijer1984
1 review
0 helpful votes
August 2nd, 2023

A bad service. They won't tell me why I can't do a withdrawal. Also I can't do a top-up I just saw. I keep approaching customer service but no one can help me. Twice already the conversation is sent to someone else because no one can help me. And then I get in my screen, unfortunately no one is present. That has happened to me several times. So there is no one to help you when you need help. Is it the case that this broker is in need of money because there is no money for a manned customer service? I can't do anything now. Worthless! A bad service!

Service
Value
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Thumbnail of user axelp26
1 review
0 helpful votes
June 13th, 2021

Do not go down this road. Thanks to "
****** vestige recovery. Org" saved me from totally loosing out over €140,000 and I know it would have been another situation if I had not gotten any help from them contact*** a rep on g**mail
Cashre**covery**420

Thumbnail of user instareju
1 review
0 helpful votes
July 5th, 2023

Online option trading platforms have gained popularity in recent years, offering individuals the opportunity to trade from the comfort of their own homes. One such platform, deriv.com, claims to provide users with a simple and efficient way to engage in options trading. However, my personal experience with deriv.com has been nothing short of disastrous, leading me to believe that platforms like this are destroying innocent people's lives.

I joined deriv.com towards the end of 2019, attracted by their promises of substantial profits and the ease of trading options. Initially, I started with a small amount of funds, hoping to grow my investment over time. However, as the months went by, I found myself consistently losing money, ultimately ending up with a devastating $10,000 loss.

Despite this setback, I couldn't shake off the allure of deriv.com and its enticing advertisements. Against my better judgment, I decided to give it another try. Unfortunately, history repeated itself, and I continued to suffer losses in my trades. Desperate to recover my lost funds, I made the ill-advised decision to keep depositing money into deriv.com totalling $******* till 19/05/2023.

I tried everything I could think of to turn the tides in my favor, including extensive technical analysis. However, it seemed as though something was working against me. It was at this point that I decided to delve deeper into deriv.com and try to get to the bottom of my continuous losses.

Through my online research, I stumbled upon numerous claims that deriv.com manipulates trades, ensuring that users ultimately lose their invested funds. Feeling betrayed and deceived, I promptly lodged a complaint with deriv.com, expecting acknowledgment and some recourse for my losses. To my dismay, my complaint was simply rejected, and instead of addressing my concerns, they proceeded to block my trading account.

Refusing to give up, I took my complaint to the Malta Financial Service Authority (MFSA), the regulatory body overseeing deriv.com. After a grueling 20-day wait, I finally received a response, but it was not the resolution I had hoped for. The MFSA stated that I held no account with deriv.com, but rather with a subsidiary company in Saint Vincent and the Grenadines (SVG), which is not under their jurisdiction.

Frustrated and feeling powerless, I reached out to the SVG Financial Services Authority (SVGFSA) to file a complaint against deriv.com. Although their response was relatively prompt, informing me that they would investigate the matter and inform me of the complaint process, I have yet to receive any further communication from them, despite it being more than 10 working days.

It is evident that deriv.com and companies within the deriv group operate in a manner specifically designed to evade accountability. By registering various subsidiaries in different countries, they can easily shift a user's account from one location to another, making it difficult for victims to find legal recourse. These countries often lack robust frameworks for taking action against such fraudulent companies, allowing them to continue exploiting unsuspecting individuals and destroying lives.

While the team at deriv.com, including Johanna Farnando, the director of the deriv group, may be enjoying their prosperous lives, the victims of their deceitful practices are left to grapple with sleepless nights, strained relationships, and the emotional toll of losing their hard-earned money.

It is crucial for regulatory bodies around the world to take a concerted effort to address the concerns raised by victims of platforms like deriv.com. By implementing stricter regulations and oversight, innocent individuals can be protected from falling into the clutches of these unscrupulous online trading platforms. Only then can we hope to prevent more lives from being destroyed by their deceptive practices.

Products used:
Trading

Service
Value
Quality
Thumbnail of user workoutlook514
5 reviews
0 helpful votes
April 25th, 2023

They were able to convince me to deposit hundreds of thousands of dollars worth of funds, including those of my children, other family members, and friends. The way they attack you at your weakest moment. Once I made my initial contribution, they began to pursue me more aggressively when I stated that I couldn't make any additional deposits due to my daughter's mounting medical expenses.
An an an an an an a the pressures a.
They talk to you remotely from your desktop while urging you to disregard safety warnings and notifications. They have stolen all of my savings from me and have persuaded me to encourage family members to earn more money.
AVOID using this fraudulent firm!. I'd like to thank INGRAMSCAMSPECT for helping me reimburse my investments, which totaled $160,000. >>( Ingramchris 2^4^7^at^//yah%%._^c_o%%m)<< THEY ARE TOPNOTCH.

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