Why the Deriv Limited broker is dangerous for investment
The Internet broker Deriv Limited, which operates in the UK, is considered a scammer with a spoiled reputation.
When we go to the official website of Deriv Limited - deriv.com then we will find that our organization offers brokerage services for Forex trading in the UK. In addition, Deriv Limited provides programs for trading activities.
Our specialists analyzed the official website of Deriv Limited, got acquainted with the working conditions, tried to get at least demo access to services, investigated the existence of documents, the region of registration of the company.
With the help of this data, we will figure out: Deriv Limited - fraud or not?
In addition, we will tell you how not to get hooked by criminals, about their ways of working. We will tell you the necessary information to keep your finances safe.
Deriv Limited is based in an offshore region
The main call, which indicates that deriv.com these are bandits – the region of residence. Officially, the company is registered in the Republic of the Marshall Islands, which is already suspicious, since the company operates in the UK. Offshore regions are popular with criminals due to the absence of the need to comply with the law and supervision.
Moreover, this country does not have full rights to operate on Forex.
In addition, when our experts tried to find the real address, mentions of owners and directors deriv.com , then could not reveal anything.
This already suggests that Deriv Limited is a shadow Internet broker, interaction with which will result in serious financial losses.
Lack of information about the Deriv Limited manual
After analyzing the website, we have not been able to find reliable information about the owners of the organization Deriv Limited. No physical address, no phone numbers or other methods to get in touch.
Most likely, this means that the directors are trying to hide their identities in order to hide from being held accountable for their actions. And even if it turns out to expose one of the employees of Deriv Limited, then everything will end there, and the actual organizers of the criminal organization will remain at large.
At Deriv Limited, website - deriv.com, valid for less than thirty days
On the website deriv.com it tells about the serious experience of operations on Forex.
The main method of analyzing any site is to obtain information about its domain. Most often, they indicate the age of the domain's existence, information for the communication of its owner.
In a particular case, the domain name Deriv Limited exists for less than thirty days, and all information about the person who owns it is hidden. Another proof that the management of Deriv Limited is trying to preserve its incognito.
This aspiration can be accepted, but not when it comes to a financial company acting as an intermediary between the user and Forex.
In addition to this, you yourself deriv.com they assure their potential clients that they have been effectively trading on the Forex market for many years.
Deriv Limited does not have a test period
It is a common practice for online brokers to provide users with a demo version of the software so that they can familiarize themselves with the interface, try their hand at playing the Forex market with a fake currency.
Unfortunately, on the website deriv.com , we could not find information about the trial period, the opportunity to try the software.
Most likely, the directors of the organization Deriv Limited, most likely, does not plan to provide traders with demo access to a paid service, since someone is able to suspect fraud.
Online Broker deriv.com conducts activities with a negative account
Legal firms that operate in the Forex market do not use a negative account in their activities. According to the law, the client of the Internet broker is not able to spend more now is in his account. In those rare situations when the balance still goes into negative, the loan will have to be repaid not by the user, but by the company that provided its services.
Therefore, honest online brokers do not use a negative account in their activities.
And yet, deriv.com gives clients Forex transactions with a negative account, that is, in debt.
Why is this necessary?
To drive the user into the negative and start extorting to pay the debt. This is one of the most commonly used methods of fraud used by bandits.
If this happens, you need to know that fraudsters have no way to recover money in accordance with the laws of the UK. Any methods of influencing clients are considered illegal. The maximum that scammers are able to do is to call, send threatening messages.
It is impossible to cooperate with Deriv Limited, as all agreements will result in losses.
Deriv Limited operates with a leverage of one to four hundred or more
It is already clear that Derivatives are criminals. Nevertheless, we will point out one nuance, namely the existence of too high leverage.
The credit ratio is the ratio of the finances of customers and online brokers at the conclusion of a transaction. Leverage makes it possible to close significant transactions for traders who do not have access to large finances.
In order to protect the clients of the Forex market, in developed countries, legislation provides for the use of leverage with the highest ratio of 1 to thirty, in exceptional cases 50.
At the same time, Deriv Limited applies a credit ratio of 1 to four hundred for operations on the Forex market.
Such an attitude is allowed in Switzerland, as organizations registered in this state enjoy high confidence. But Deriv Limited is not registered in this state.
In fact, Deriv Limited does not have permission to work in the Forex financial market with such a credit ratio, due to the high risk for users. Actually, this is used only to force the trader not only to invest as much personal money as possible, but also to drag him into loans.
Regional branches of Deriv Limited
It is considered prestigious for an organization to have local offices in developed countries, even if the work is carried out exclusively in the UK. Therefore, Deriv Limited says that in addition to a significant number of awards, there are regional offices in the UK, Australia and other civilized countries, as well as a large number of experienced employees.
It is very easy to check the reality of these offices. Since there are specialized structures that regulate the actions of Internet brokers. In England it is FCA, in Australia it is ASIC.
Because of this, a legal firm is obliged to have official documents from these or other structures that will prove their authorized right to provide services for trading on the Forex market, to indicate the level of responsibility.
However, after studying the profile websites, our employees did not find them. This once again strengthens suspicions.
For registration on deriv.com confidential data needs to be transmitted
As we reported earlier, Deriv Limited does not have a trial period, and therefore, in order to gain access, you need to immediately transfer the minimum deposit to Deriv Limited scammers. Also, get access to your personal account deriv.com, it is possible only with the successful completion of the client's verification.
This means that Deriv Limited requires clients to transfer such data as:
- Information about an individual;
- Information about a permanent place of residence (scans of utility bills);
- Information about qualifications, length of service, place of work.
In addition, during the initial transfer, bandits can gain access to bank account information.
In combination, this information can allow fraudsters to spend a loan on a deceived trader, or to carry out other shady actions.
Since for registration on the site deriv.com , you need to send personal data, our experts have not received access to the personal account of Deriv Limited and services for trading on the Forex financial market.
Reviews about Deriv Limited
The most important stage in exposing Deriv Limited is the study of traders' reviews.
The analysis of the search results on the Internet allowed us to obtain the following data:
- Most of the reviews and mentions of Deriv Limited on the Internet are lies. These are the same positive reviews of a customized nature;
- All real reviews and mentions of Deriv Limited are negative. Our experts were unable to identify truthful reviews and comments from users deriv.com, which report income, effective trading.
- Negative reviews are associated with fraudulent actions, theft of funds, artificial creation of debt.
In accordance with this, real reviews of Deriv Limited indicate that this Internet broker is a criminal.
Contact details and papers of Deriv Limited
Analyzing the information on deriv.com our experts have seen a lot of dubious digital papers that can be easily made using a graphic editor. They are not confirmed by official organizations, which means they cannot be trusted.
If an online broker is not affiliated with regulatory firms, then its traders simply have nowhere to turn for help.
On the "Contacts" page, our experts saw a phone number. It turned out that it had already been used by an illegal broker. There are also many reviews on the web about fraudulent activities related to the phone number indicated on deriv.com .
Withdrawal of money from deriv.com
Are you going to make money with the help of an online Forex broker financial market? Make sure that you can take away his finances.
Studying the trading agreement on the website of Deriv Limited, our employees did not find clear information about the methods of withdrawal of earnings. In addition, we saw a description of punishments for prolonged account inactivity, but we did not find information about the amounts. Since fraudsters do not operate in a legal field, it is impossible to protest these fines.
That is, if the user has stopped cooperating with Deriv Limited, they may start calling and spamming with a demand to pay a fine.
How does Deriv Limited operate?
The method of finding new customers, which is used by Deriv Limited, also raises concerns.
False accounts in social networks are used for advertising, in which fake bloggers report how they instantly managed to earn income by working in the Forex market with the help of Deriv Limited. Non-existent people demonstrate expensive cars and houses, holidays at resorts, as well as other signs of a rich life.
Non-existent people promise rapid profit growth, for which you do not need to study or put a lot of effort.
If a client contacts scammers, the employees of Deriv Limited inform about the possibility of instant income, as well as about the unique features of their software that allow you to quickly trade serious earnings.
After that, various tricks are used to get as much money as possible from the user. For example, you can draw a small profit to inspire you to invest more money.
If the work on the Forex market turns out to be negative, the representative of the organization will offer to invest even more in order to cover the debt.
Managers of Deriv Limited, work according to scripts developed by experienced psychologists. Criminals analyze information about the client in order to act on weaknesses, pull out even more money.
In any case, everything will lead to one of two options:
- If you decide to withdraw money before you find yourself in the red, you will be charged extortion, banned from using the invested money, and will do everything to force you to pay more;
- If you give scammers the opportunity to drive the balance into debt, threats will fall, bandits will demand to pay a fake debt.
An additional method to make a profit for Deriv Limited can be the transfer of your confidential information to interested parties. We assume that, as a result, it will be possible to purchase information about you for a modest sum of money on an anonymous telegram channel on the darknet.
Most likely, as a result of this, all kinds of bandits, sales managers, etc. will start spamming you more often. In addition, you should wait for letters from accomplices deriv.com who will offer to "receive" the lost money, of course, for payment.
Since Deriv Limited does not operate in the official field and retains incognito, then deriv.com it will not be possible to force them to answer according to the legislation in the UK. The owners of the shadow firm are artfully hiding and, at best, the legitimate authorities will be able to capture someone from the "employees".
Can I trust Deriv Limited?
If you are going to transfer finances to criminals, then it is better to give them to a good cause.
We will briefly announce the evidence indicating that Deriv Limited are criminals:
- Absence of an official residence permit;
- No trial period;
- Lack of data on the owners of the company;
- Phone number detected in fraudulent schemes;
- Negative balance;
- Leverage greater than one to 50;
- Negative reviews;
- Incorrect data on the website.
The full review of Deriv Limited is finished. It is clear that Derivatives are bandits.