Broker scam Deriv Limited and how it works
Online broker Deriv Limited, operating in the UK, is considered a fraudster with spoiled fame.
When we go to the official website of Deriv Limited - deriv.com then we will find out that our organization offers services for operations on the Forex market in the UK. Deriv Limited also provides programs for trading activities.
We studied the website of Deriv Limited, got acquainted with the working conditions, tried to get at least demo access to the programs, looked at the existence of documents, the region of registration of the company.
With the help of this information, we will figure out: is Deriv Limited a scam or not?
In addition, we will tell you how not to fall for the bait of scammers, about their methods of operations. We will provide the necessary data to keep your finances safe.
The organization Deriv Limited is located in an offshore zone
A serious call that says that Deriv Limited is a scam – the state of registration. According to the documents, the company is registered in the Marshall Islands, which is already doubtful, since it functions deriv.com in the UK. Offshore regions are popular with scammers due to the lack of legislation and control.
Moreover, this region does not have the authority to work on Forex.
Moreover, when our employees tried to identify a physical or legal address, mentions of owners and management deriv.com , then failed to identify anything.
This already hints at the fact that deriv.com - a shadow online broker, interaction with which will result in large monetary losses.
No data found on directors deriv.com
After investigating the website, our experts have not been able to find plausible data about the owners of the company deriv.com . No address, no phone number or other means of communication.
Basically, this means that the actual owners are trying to hide themselves in order to evade responsibility for the actions. Even if it is possible to expose one of the managers of Deriv Limited, then everything will end there, and the real organizers of the shadow organization will remain at large.
At Deriv Limited, the official website - deriv.com, valid for less than thirty days
On the website deriv.com it tells about the serious experience of operations in the financial Forex market.
The most common method of analyzing a website is to obtain information about the domain name. As a rule, they indicate the period of operation of the domain name, the contact information of the owner.
In this case, the domain name Deriv Limited exists for less than one month, and all data about the legal entity that owns it is hidden. Another proof that the management of Deriv Limited is trying to protect incognito.
This desire can be understood, but not when it comes to a company acting as an intermediary between the user and the Forex financial market.
In addition to this, deriv.com they assure users that they have been successfully trading on Forex for quite a long time.
Deriv Limited does not have a demo period
For Internet brokers, it is a common practice to give users a test version of services so that they get acquainted with the interface, try their skills in Forex trading with fake money.
Unfortunately, on the website deriv.com , we could not find information about the trial period, the ability to test the software.
Probably the director of the company deriv.com most likely, he is not going to provide traders with demo access to the software, since some of them are able to suspect fraud.
The broker Deriv Limited operates with a negative balance
Official companies that trade on Forex do not use a negative account in their work. In accordance with the laws, the user of an online broker is not able to spend more than he currently has on his balance. In cases where the account still goes into negative, the loan will have to be repaid not by the user, but by the company that offered its services.
In accordance with this, registered Internet brokers do not use a negative account in their work.
And yet, deriv.com offers users Forex transactions with a negative balance, that is, in debt.
Why is this necessary?
In order to drive the user into the negative and extort to repay the loan. This is one of the most frequently used methods of deception used by bandits.
In the event that such a thing has happened, it is necessary to know that criminals do not have the opportunity to obtain finances in accordance with the laws of the United Kingdom. All methods of influencing clients are considered criminal. The maximum that criminals can do is to bother with calls, write threatening messages.
With deriv.com it is impossible to cooperate, as the agreements will turn into new losses.
deriv.com they operate with a credit ratio of one to four hundred or more
Already now, it is clear that Deriv Limited are scammers. However, let's pay attention to one nuance, namely the existence of an extremely large credit ratio.
The credit ratio is the ratio of funds of traders and brokers at the conclusion of a transaction. This makes it possible for traders who do not have access to the appropriate money to make large trading operations.
In order to protect Forex traders, in civilized countries, the current laws provide for the use of a credit ratio with a maximum ratio of one to 30, in exceptional cases 50.
At the same time, Deriv Limited applies a leverage of 1 to 400 for trading operations on the Forex market.
Such an attitude is allowed in Switzerland, as firms registered in this country enjoy considerable trust. But Deriv Limited is not registered in this country.
In fact, Deriv Limited does not have permission to conduct Forex operations with such leverage, due to the high risk for users. Actually, this is used to force the client to transfer more of his money, but also to drag it into loans.
Regional divisions of Deriv Limited
It is considered respectable for any organization to have local offices in developed countries, even if the activity is carried out only in the UK. Therefore, Deriv Limited informs that in addition to an impressive number of awards, they have local representative offices in the UK, Australia and other civilized countries, as well as thousands of competent employees.
It is easy to check the availability of these branches. Since there are specialized organizations that regulate the activities of Internet brokers. In England it is FCA, and in Australia it is ASIC.
Therefore, an official organization is obliged to have official papers from these or other organizations that will confirm their ability to provide services for trading operations on the Forex market, regulate the degree of responsibility.
However, after checking the profile official sites, our experts could not find them. Which once again confirms our suspicions.
For registration on deriv.com it is required to transfer personal data
As we said earlier, Deriv Limited does not have a demo period and, accordingly, in order to gain access, it is necessary to immediately pay the criminals of Deriv Limited a minimum deposit. Also, access to your personal account deriv.com , possible only upon completion of identity verification.
This means that Deriv Limited requires its users to transmit such information as:
- Information about an individual (passport, driver's license, etc.);
- Information about permanent residence (scans of utility bills);
- Information about the place of work, qualifications, experience.
Also, during the initial transfer, criminals are able to access bank card data.
Together, this information can enable bandits to issue a loan to the user, or to carry out other criminal operations.
Since for registration on the website deriv.com , you need to send your personal data, our employees have not received access to the personal account of Deriv Limited and programs for transactions on the financial Forex market.
Real reviews about Deriv Limited
An extremely important point of exposure of Deriv Limited is the study of user reviews.
The study of search results in search engines gave the following information:
- Most of the reviews of Deriv Limited on the web are false. These are template positive reviews and comments of a paid nature;
- All real reviews about Deriv Limited are negative. We have not been able to find plausible reviews from former customers deriv.com, which would talk about a good income, effective activity.
- Bad mentions are caused by illegal actions, theft of investments, creation of credit.
Therefore, reviews of Deriv Limited report that the online broker in question is a criminal.
Contact information and official documents of Deriv Limited
After analyzing the information on deriv.com we have identified a lot of questionable 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 the Internet broker is not affiliated with regulatory organizations, then customers simply have nowhere to turn for help.
On the "Contacts" page, our experts found a phone number. It turned out that it had already been used by an illegal online 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 financial broker? Make sure that you can take money from him.
Studying the trading agreement on the Deriv Limited website, our employees did not find clear information about the methods of money withdrawal. We also found a description of punishments for a long absence of account activity, but there was no information about the size. Since the bandits do not act in the official field, it will not be possible to protest these extortions.
Therefore, if a trader has stopped cooperating with Deriv Limited, they may start calling and writing messages demanding to pay a fine.
How does Deriv Limited work?
The method of searching for new users, which is used by Deriv Limited, also raises suspicions.
False accounts on social networks are used for advertising, in which fake bloggers broadcast about how they instantly managed to earn income by earning on Forex with the help of Deriv Limited. Fakes put on display expensive cars and clothes, trips to resorts and other signs of a prosperous life.
Fakes promise rapid income growth, for which you do not need to study or put a lot of effort.
If a potential client comes into contact with scammers, the employees of Deriv Limited talk about the reality of instant income, and besides about the unique possibilities of their programs, which will make it possible to earn a solid income immediately.
Then various manipulations are used, which make it possible to get the maximum money from the user. For example, a client can arrange a fake profit to motivate him to give even more finance.
When the work on Forex will be in the negative, the representative of the organization will recommend to transfer more to compensate for the negative.
Employees of Deriv Limited, work according to the manuals that were developed by professional deceivers. Scammers analyze information about the user in order to put pressure on vulnerabilities, pull out even more investments.
As a result, all this will come down to one of two results:
- When you want to receive investments before you find yourself in the red, you will be fined, assets will be frozen, and everything will be done to force you to transfer more;
- If you allow the bandits to drive the account into the negative, threats will begin, scammers will start extorting to pay a fictitious loan.
Another way to get income for Deriv Limited is to transfer your personal information to third parties. We think that, after that, detailed information about you will really be purchased for a moderate amount of money on some anonymous service on the darknet.
Most likely, because of this, various scammers, managers, etc. will call you more often. You should also wait for messages from the accomplices of Deriv Limited, who will begin to offer a "return" of lost investments, of course for a reward.
Since Deriv Limited does not operate in a legal field and remains anonymous, Deriv Limited will not be able to be made to answer under current legislation in the UK. The heads of the shadow organization are diligently hiding, and in the best case, police officers will be able to figure out one of the "administrators".
Is it worth working with Deriv Limited?
Only if you are going to transfer money to the bandits, then transfer it to a good cause.
Let's briefly list the evidence indicating that Deriv Limited are bandits:
- There is no official registration;
- No trial period;
- There is no information about the owners of the organization;
- Phone number detected in criminal fraud;
- Negative balance;
- The credit ratio is more than 1 to fifty;
- Negative reviews;
- False information on the website.
Our review of Deriv Limited is over. It is clear that Derivatives are bandits.