Deriv Review – Is Deriv Legit Or Fake?

Deriv real account sign up URL:  https://deriv.com. 

Is Deriv Legit or Fake?

The short answer is that it’s 100% legitimate and real. 

More About Deriv

It’s an online trading platform operated by a company known as “Deriv.com Limited.” It’s owned by a guy named “Jean-Yves Sireau”. According to his LinkedIn profile, Mr. Sireau is supposedly a serial entrepreneur with a background in financial derivatives, fintech innovation, and software development. The official UK government website, gov.uk, states that Jean-Yves Sireau is of French nationality and resides in Hong Kong. It also reports that he is currently serving at Deriv as the CEO. 

The company offers access to forex, stock, indices, cryptocurrency, commodity, and ETF markets. Compared to others, the broker offers a more extensive range of trading software such as MT5, MT4, cTrader, Binary Bot, and SmartTrader. In addition to those are Deriv’s proprietary trading software;  Deriv GO, Deriv Bot, and Deriv Trader. 

What’s more, the trading platform offers a seamless integration with TradingView, a popular charting, technical analysis, and social networking tool for traders. The Deriv TradingView integration enables traders to harness the tool’s advanced features conveniently on the trading platform. 

By the way, some people maintain that the Tradingview Deriv feature enables users to analyze market trends and gather insights more efficiently, boosting your winning chances.  However, we can neither support nor challenge this claim because we need more time to test the feature. 

Notably, the company operates under slightly varying names in different jurisdictions where it’s registered, licensed, and regulated by the regulatory authorities of those jurisdictions as follows:

A Table Showing Deriv Operating Legally Under Different Trading Names In Various Jurisdictions Around the World

Is Deriv Accessible Globally?

The short answer is NO. Like many other online trading platforms, this platform does not accept clients from the following countries due to regulatory restrictions or other reasons:

• United States.
• Canada.
• Germany.
• Belgium.
• The Netherlands.
• Japan.
• Syria.
• Iran.
• Sudan.
• North Korea.

Have you ever wondered why many brokers do not accept clients from Iran, Syria, North Korea, and Sudan? Yet these countries don’t have as stringent regulatory restrictions as the US, Canada, Germany, Belgium, Netherlands, or any other country of the same caliber. 

Apparently, it’s usually due to economic sanctions imposed on those countries, barring the rest of the world from engaging in any economic activities with their citizens or residents. 

Is There A Deriv App? 

To answer the question, yes there is. 

The Deriv app is available across various platforms, ensuring you can trade wherever you are. The app has you covered whether you are an Android user or an iOS one. 

For mobile users, the app is available for both Android and iOS devices, allowing you to trade on the go. If you’re an Android user, search for “Deriv app download for Android” on the Google Play Store to get started. For iOS, search “Deriv app download for iOS” on the App Store. 

Additionally, the app can be accessed via the Web, making it convenient to manage your trades from any browser or device whether it be a smartphone, tablet, laptop, or desktop.

One of the best versions of this app is the Deriv app MT5 version. Integrated with one of the most advanced trading terminals(MetaTrader 5), this app delivers improved speed and performance. This benefit gives you the upper hand as far as trading goes, thanks to faster order executions and reduced latency.

What Is the Minimum Deposit On Deriv?

The minimum deposit on this trading platform varies depending on the payment method you select. It varies between $5 and $50. The platform supports multiple payment methods including:

• Credit/debit cards.
• Online payment solutions like ZingPay, Ozow, Pix, Pay Retailers, Virtual Account, Help2Pay, and Upio.
• Mobile payments like Mpesa, Airtel Money, Vodafone, and Equitel.
• E-wallets, such as Skrill, Neteller, Perfect Money, Sticpay, OnlineNaira, Jeton, AstroPay, Airtm, and Volet. 
• Cryptocurrencies.
• Vouchers.
• Deriv P2P.

Do We Recommend This Broker?

Honestly not, due to a few reasons. 

While Deriv enjoys high ratings on Trustpilot, boasting an overall score of 4.4 stars, it’s not without its detractors. Some users have given it a 1-star rating, citing various concerns, including:

• Allegations of trading manipulation.
• Difficulties in withdrawing funds, with reports that the Deriv Cashier feature, used to process withdrawals, has been disabled for some customers.
• The platform is quick to accept deposits, but some customers have experienced frustrations when they request withdrawals, even after fulfilling all the necessary requirements for approval.
• Diminishing user experience, suggesting that the platform was great initially but unfortunately its user experience has been going downhill as time goes on. 
• A gradually declining user experience.

Considering these serious issues, if it were up to us, we’d steer clear of this online trading platform. After all, no one wants to risk their funds where they might not be able to get them back. 

When choosing a broker, it’s crucial to look beyond their legitimacy or the number of ratings online. While we understand that it’s hard to satisfy every customer, it’s important to pay attention to the issues raised by those who are dissatisfied. Serious concerns, like withholding withdrawals and denying customers the ability to retrieve their money when they close their accounts, are intolerable.

Do You Need Help Retrieving Your Funds from a Rogue Broker?

If so and you have evidence, go to this page or send an email to scamread@scamreader.info to seek Proof of payment(s) and chat records will be considered evidence.