1.435 · 14 REVIEWS

Binary (SVG) Ltd

Updated: Aug 5, 2021 · Visit site  · Is this your company?

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Established: 2019
Contact: Unknown

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1.435 · 14 REVIEWS
Forex Peace Army

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Traders Reviews

Harare, Zimbabwe,
Aug 4, 2021,
Registered user

Pure scammers out to get your money!!!

Service use: Live

Length of use: 3-6 Months

Tried trading currencies with deriv but they give horrible fills. The offer and bid price you see and place Market order will not be the ones that get filled. Even if price gets past your filled price, you'll still be in loss only to see profits when the price has moved substantially in your direction. Went off to try using price action on their synthetics found out they manipulate it too. Trading with deriv is the best way you can get scammed and left broke.
Chiang Rai, Thailand,
Jun 16, 2021,
Registered user

Deriv tells how to win trading their instruments!

Service use: Live

Length of use: over 1 Year

In addition to my previous reviews I might add Deriv gives the exact way to win in trading their synthetic assetts. Why do they do this? Because they know most are not traders but gamblers and will not even read the free pdf! In addition to that, they know one must know how to trade, in order to be profitable over time. So, why not learn at Deriv? I am. Enjoy.

PS I can withdraw using Neteller/Bitcoin/Skrill on Deriv, to address some concerns, and there is no delay.

Jan 31, 2021 - 5 Stars Last time I reported had improved the servers, this was premature, they got worse and worse, but now they are 100%! The company finally implemented a distributed server system, very good!

At this time I am happy to report is one of my top brokers. They process withdrawals in Neteller/Bitcoin in a timely fashion. A win is a win, a loss is a loss. Someone spoke of price manipulation, really now? Since they publish the price movements on an independent web url for any to see, they cannot be changing prices for individual clients, so you must either manage your risk, or suffer, like any other market. As for the question what prices are based on, well, it is a synthetic derivative, can be based on a number of things, most of them, if not all, are ARTIFICIAL, if you are confused, Google might be your best friend today!

BTW - Deriv processed refunds based on the server downtimes and losses that occured, so my respect and commitment to this broker has dramatically increased.

All in all, I will be having my funds and trading with Deriv for the foreseeable future. And thank you so so much for fixing the servers!

Aug 17, 2020 - 3 Stars I agree, the move to automated only customer support is most likely hurting the company. They seem to have fixed the server lag issues (order not being processessed in a timely fashion leading to detrimental slippage), and have made the spreads reasonable (at first they were very good some months back, then they switched to unreasonable for a while and now they are in the middle, there is still great drawdown for each trade opened, immediately, due to spreads).

I disagree about not being able to get paid/withdrawals. The company has processed a few withdrawals for me. All of them were processed within a day. It seems the Neteller/Skrill process is either fully or semi automated. As for the bank wires those require a certain amount and you willl need to work that out with support, and it will take time.
Owerri, Nigeria,
Jun 14, 2021,
Registered user

Deriv and are the same. 100% scam

Service use: Live

Length of use: 0-3 Months

They will always create a fake charts to run after your stop loss and if you don't use stop loss, then the market will head opposit direction all of a sudden without returning i lost over $2000 there. Just be wise and trade with a very serious caution if you wish to use this broker. 100% manipulation
South Africa, South Africa,
May 26, 2021,
Registered user

Deriv is a pure scam

Service use: Live

Length of use: 0-3 Months

Deriv is a pure scam. Retail traders hope that their forex broker offers a fair bid/ask price quote. Deriv widens the spreads and creates fake price moves so that traders easily lose their funds. I agree with every negative review about this broker they are ripping innocent people out of their hard-earned cash. Let's make a petition for this broker to be investigated.
russia, Russian Federation,
Apr 29, 2021,
Registered user

Awful team, ridiculous registration

Service use: Other

Read all this reviews and desided to verify the account in advance
Binary \ deriv support team is awful.

Approving takes too long and they don't accept your bank statement where it's written my name, adress and was issued this year.

Asked the reason and they told me: there aren't names or adress or wrong date. they also asked another bank statment where they will see my operations on the bank card.
and once again

they don't give a f at all
Quintana Roo, Mexico,
Apr 8, 2021,

Easy to deposit Imposible to Withdrawal

Service use: Live

Length of use: 3-6 Months

Easy to open account and deposit with debit card or going to OXXO and deposit cash. The problem comes when trying to withdraw. Their system does not allow to return funds to the investor card. But you will see the page to do it, but it doesn't work and it doesn;t give any message saying why ... after contacting customer service they say that the way to get my money back is to open an account in make a deposit and then Deriv will send funds to Binary account. Trader you should know this but nobody in Deriv is going to tell you, my duty is to advice other traders about the problem before it happens to them. Avoid Deriv !!!
  1 trader has found this review helpful
Nairobi, Kenya,
Mar 17, 2021,

Pure trade Manipulation. Writing in bitterness. Deriv is in human

Service use: Live

Length of use: over 1 Year

Had not released until i started to noticed how abnormally the chart starts to misbehave every time i go live. Chart hanging during live trades only to unfreeze when am great losses. Deriv wiped my account completely, and now am away from them for good together with my friends in trades. Will be happy to spread the message far and wide to the best of my abilities. Bye Scammers!
  2 traders have found this review helpful
Cape Town, South Africa,
Feb 9, 2021,
Registered user

Payment Agents Dont Transfer Funds to Accounts

Service use: Live

Length of use: 6-12 Months

Please dont use a payment agent when funding your binary account.

Rather use Zing pay, Visa or Skrill

Been waiting for funds to be credited to my account for almost one week now
Zumba, Zimbabwe,
Jan 13, 2021,
Registered user

Horrible experience

Service use: Live

Length of use: 0-3 Months

These guys freeze their mt5 so they can manipulate the system to wipe out people’s real accounts just be careful.
  2 traders have found this review helpful
Kenya, Kenya,
Jan 11, 2021,
Registered user

Metatrader 5 freezing

Service use: Live

Length of use: 0-3 Months

Please dont use deriv their metatrader 5 keeps freezing.
I had a trade that was running the time their metatrader 5 freezed and I lost all the money I had in the account.
  1 trader has found this review helpful