Deriv.com is a total Scam ...I had a doubt they were a Scam ...when I was trading Forex with them but it was proven beyond doubt that they are 100% SCAM once I started Trading on their SMART TRADER PLATFORM.
While I was Trading Forex I used to find a lot of difference in the Spreads when compared to other Brokers ( I Trade with 3 Different Brokers)The Trades with other Brokers would be in a PROFIT of + USD 20 per LOT while the trades on DERIV used to be in LOSS - USD 10.I always thought that there was some issue with the Spreads or the Liquidity of DERIV.COM
Recently I started Trading Options and Deposited USDT 500. I traded on the SMART TRADER Platform and made a Profit of USD 40. I wanted to go out for some work and I logged out.I returned after 4-5 hours to start trading ...BOOM my Account Balance is USDT 1.00 . I logged into DERIV.COM I was surprised to see many, 100 + UNAUTHORISED LOOSING TRADES placed. I contacted Customer Care immediately and they told me it was some Security Breach as I did not activate 2F Security. I believed them .....
The next day I Changed my Security settings to Authenticator as advised by DERIV CUSTOMER CARE.
I Deposited USD 500 again, traded on SMART TRADER, and made a profit of USD 100 on the USD 500 Deposit.I withdrew the Profit. I closed trading for the Day as it was a Saturday. I came back again and checked the Balance is USD 1.00. I checked the TRADING HISTORY and again found 100 + UNAUTHORISED LOOSING TRADES. All the trades are placed with a high frequency with hardly a few seconds in between trades which Is humanly not possible
I was once again surprised and Contacted CUSTOMER CARE and Explained the Issue. They escalated the Issue to the Concerned Department.
I received a reply after 24 Hrs stating that I issued some API tokens to allow EXTERNAL TRADING through some APP. It's a total LIE ... I did not ISSUE any API CODE or CONNECT to any EXTERNAL 3rd Part APP except the DISCOURSE which is the OFFICIAL APP of DERIV.COM.I asked them to Investigate and they are refusing to Investigate and are showing some standard clause that my Account security is my responsibility and they do not have anything to do with it.
DERIV DOES NOT WANT YOU TO PROFIT ..COME WHAT MAY ...AFTER MY BAD EXPERIENCE WITH FOREX TRADING AND OPTIONS TRADING WITH DERIV ..I BELIEVE THEY ARE A HUGE SCAM and let you trade only as long as you lose the trades with them. Once you start profiting ...BOOM will SCREW your account in one way to the other
DERIV = SCAM
While I was Trading Forex I used to find a lot of difference in the Spreads when compared to other Brokers ( I Trade with 3 Different Brokers)The Trades with other Brokers would be in a PROFIT of + USD 20 per LOT while the trades on DERIV used to be in LOSS - USD 10.I always thought that there was some issue with the Spreads or the Liquidity of DERIV.COM
Recently I started Trading Options and Deposited USDT 500. I traded on the SMART TRADER Platform and made a Profit of USD 40. I wanted to go out for some work and I logged out.I returned after 4-5 hours to start trading ...BOOM my Account Balance is USDT 1.00 . I logged into DERIV.COM I was surprised to see many, 100 + UNAUTHORISED LOOSING TRADES placed. I contacted Customer Care immediately and they told me it was some Security Breach as I did not activate 2F Security. I believed them .....
The next day I Changed my Security settings to Authenticator as advised by DERIV CUSTOMER CARE.
I Deposited USD 500 again, traded on SMART TRADER, and made a profit of USD 100 on the USD 500 Deposit.I withdrew the Profit. I closed trading for the Day as it was a Saturday. I came back again and checked the Balance is USD 1.00. I checked the TRADING HISTORY and again found 100 + UNAUTHORISED LOOSING TRADES. All the trades are placed with a high frequency with hardly a few seconds in between trades which Is humanly not possible
I was once again surprised and Contacted CUSTOMER CARE and Explained the Issue. They escalated the Issue to the Concerned Department.
I received a reply after 24 Hrs stating that I issued some API tokens to allow EXTERNAL TRADING through some APP. It's a total LIE ... I did not ISSUE any API CODE or CONNECT to any EXTERNAL 3rd Part APP except the DISCOURSE which is the OFFICIAL APP of DERIV.COM.I asked them to Investigate and they are refusing to Investigate and are showing some standard clause that my Account security is my responsibility and they do not have anything to do with it.
DERIV DOES NOT WANT YOU TO PROFIT ..COME WHAT MAY ...AFTER MY BAD EXPERIENCE WITH FOREX TRADING AND OPTIONS TRADING WITH DERIV ..I BELIEVE THEY ARE A HUGE SCAM and let you trade only as long as you lose the trades with them. Once you start profiting ...BOOM will SCREW your account in one way to the other
DERIV = SCAM
