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Regarding the legitimacy of Deriv forex brokers, it provides a comprehensive investigation into the security aspects of regulatory MFSA,VFSC,FSC, and WikiBit, as well as whether there are any negative scam reviews.

Rating Index

WikiFX Detection

Software Index

Full License

License

FSC Suspicious Clone

Is Deriv safe?

The regulatory license is the strongest proof.

MFSA Market Making(MM)

Malta Financial Services Authority

Regulatory Agencies Introduction

Current Status:

Suspicious Clone
License Type:
Market Making(MM)

Licensed Institution:
Binary Investments (Europe) Ltd
Effective Date:
2015-05-19
Email Address of Licensed Institution:
joanna@binary.com
Sharing Status:
No Sharing
Website of Licensed Institution:
www.Binary.com，
Expiration Time:
--
Address of Licensed Institution:

LEVEL 3, W BUSINESS CENTRE, TRIQ DUN KARM, BIRKIRKARA，MALTA
Phone Number of Licensed Institution:
21315791
Licensed Institution Certified Documents:

Annex1 Annex2

VFSC Retail Forex License

Vanuatu Financial Services Commission

Regulatory Agencies Introduction

Current Status:

Suspicious Clone
License Type:
Retail Forex License

Licensed Institution:
Binary (V) Ltd
Effective Date:
2020-01-03
Email Address of Licensed Institution:
--
Sharing Status:
No Sharing
Website of Licensed Institution:
--
Expiration Time:
--
Address of Licensed Institution:

--
Phone Number of Licensed Institution:
--
Licensed Institution Certified Documents:

Annex1 Annex2 Annex3

FSC Retail Forex License

British Virgin Islands Financial Services Commission

Regulatory Agencies Introduction

Current Status:

Suspicious Clone
License Type:
Retail Forex License

Licensed Institution:
Binary (BVI) Ltd.
Effective Date:
--
Email Address of Licensed Institution:
--
Sharing Status:
No Sharing
Website of Licensed Institution:
--
Expiration Time:
--
Address of Licensed Institution:

--
Phone Number of Licensed Institution:
--
Licensed Institution Certified Documents:

Annex1 Annex2

Is Deriv a scam, or is it legit?

The latest exposure and evaluation content of Deriv brokers.

My account was closed due to lack of proof of address

Profits and funds have been withdrawn from my account

robo

A few days ago, I lost money in an astonishing way. During the process, when I selected the option to buy (increase), suddenly the graph showed a drop, and when I sold (decrease), suddenly the graph went up. On July 9, 2024, I made a deposit of 25 dollars. It may not be a lot of money, but it is for me. I had 25 dollars earned in Deriv, plus 25 dollars deposited from Binance to Deriv. Once the payment was made, the scam platform did not reflect my balance. So I contacted customer service and they informed me that the money was indeed there. The next day, July 10, 2024, I contacted them again and they confirmed that the money was there, but since 24 hours had passed, they would initiate a complaint process. Today, July 12, 2024, they tell me that I lost the money after they had affirmed that the money was there. Therefore, I ask people not to put their money in this platform of criminals.

I lost access to my MT5 account

I was doing operations and suddenly I log out of the account and I cannot access due to server name error

SCAM

They use misleading advertising to make deposits through Astropay to obtain cashback (THEY ARE NOT RELIABLE EITHER) and they do not comply with what they offer. ADDITIONALLY THEY DO NOT ALLOW THEM TO WITHDRAW THE MONEY, THEY ARE THIEVES, SCAMMERS [d83e][dd2c][d83e][dd2c][d83e][dd2c][d83e][dd2c]

Legitimacy of similar brokers

Deriv's latest industry rating score is 2.31, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. Deriv If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.