Deriv review: Pros, Cons and Traders Rating

1.126 • 29 REVIEWS
Binary (SVG) Ltd
Updated: Nov 15, 2023

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Established: 2019
Contact: Unknown
1.126 • 29 REVIEWS

Deriv Most Helpful Customer Reviews

GB Forex
Edo State, Nigeria,
Oct 17, 2022,
Registered user

Deriv Tampered my stop loss severely

Service use: Live Length of use: over 1 Year
Deriv has tampered my stop loss everely guys, they edit your real stop loss just for you to lose money, so many times I thought I was forgetting myself, so I had to use other broker, my other trades from other broker was never hit, they instead hit take profit. But my Deriv account was closed with losses. So many times, today it happened with my GBP/USD trade again....
Attock, Pakistan,
Nov 21, 2021,
Registered user

Pure Bad Company

Service use: Live Length of use: 3-6 Months
Do not invest your hard earning in Deriv. You money will be accepted very quickly but you will get your money at day of judgement. It will look like your money doubling in a day but real problem will face you when you will get your money. All the 1 star reviews here are really true. If you think I am fake then come and try it your self.
Nairobi, Kenya,
Mar 17, 2021,

Pure trade Manipulation. Writing in bitterness. Deriv is inhuman

Service use: Live Length of use: over 1 Year
Deriv wiped my account completely.  Now I am away from them for good together with my friends in trades.
I had not realized until I started to notice how abnormally the chart starts to misbehave every time I go live. Chart hanging during live trades only to unfreeze when I am in great loss. 
I will be happy to spread the message about Deriv far and wide to the best of my abilities.
2 traders have found this review helpful
Ogun, Nigeria,
Sep 10, 2022,
Registered user

You'll lose all your money

Service use: Live Length of use: over 1 Year
My first experience with trading was with synthetic indices, I've been trading synthetic indices since 2020. Deposited so many times but this company is just running its business, to take your money only!

You'll believe it's you making wrong trades but no, synthetic indices is made to wreck you. I've lost so much before I realized the true colors of this company. Synthetic trading is scam. I cursed the day I started trading it. Trading is not always profitable but what are the odds of all trades hitting stop loss?? Many sleepless nights thinking one day I'll be profitable, my time and all... Also affected my performance in my studies.

At this point I wish I could go back in time and fix my mistake because it's clear is. Many people are still losing money to this broker I pray they see this review soon and for you about to start trading synthetic trading, please reconsider!
1 trader has found this review helpful
UK, United Kingdom,
Aug 13, 2020,
Registered user

Deriv took over

Service use: Live Length of use: 6-12 Months
Since Deriv became connected to there has been a remarkable change in Binary's customer support efficiency. The worst aspect is they now link clients to the "Community" to see if their problems can be solved through others' experience. This is a retrograde step. Just who wants to wait until some undedicated user gets back to them or read through reams of other people's issues in the hope of finding an answer?
1 trader has found this review helpful

Recent User Reviews of Deriv

Lagos , Nigeria,
Oct 23, 2023,
Registered user

Manipulative platform

Service use: Live Length of use: over 1 Year
I am better hurt by the time I came to understand fully that this platform is a very manipulative platform, they will mess with your head and make you think that you made a mistake and that's why you lost the trade. In reality, Deriv is behind the scenes manipulating all the trades.

Deriv survives and makes money on the losses of its clients.

Forget that you deposited and withdraw successful. But the moment you trade a single trade with them, then get ready to kiss your money goodbye.
Martin Botumile
Gauteng , South Africa,
Oct 17, 2023,
Registered user

Deriv spread manipulation

Service use: Live Length of use: 3-6 Months
It was last week Thursday while I was trading the EURJPY pair which was on deep profits until at about 14:30, the spread got increased in such a size that I haven't seen before, just imagine having 2 trades of 0.29 lots that are 50+ in profit points and on top of that a balance which was $100, I mean how can such an account be blown by spread while even the market just went your way, those trades where sell positions and at that time the market just sold it never went up but my account got blown like how is that possible??? I thought they were manipulating only the synthetic indexes but even forex so be warned...
mighty mouse
Delhi, India,
Jul 5, 2023,
Registered user

disastrous experience

Service use: Live Length of use: over 1 Year
Online option trading platforms have gained popularity in recent years, offering individuals the opportunity to trade from the comfort of their own homes. One such platform,, claims to provide users with a simple and efficient way to engage in options trading. However, my personal experience with has been nothing short of disastrous, leading me to believe that platforms like this are destroying innocent people's lives.

I joined towards the end of 2019, attracted by their promises of substantial profits and the ease of trading options. Initially, I started with a small amount of funds, hoping to grow my investment over time. However, as the months went by, I found myself consistently losing money, ultimately ending up with a devastating $10,000 loss.

Despite this setback, I couldn't shake off the allure of and its enticing advertisements. Against my better judgment, I decided to give it another try. Unfortunately, history repeated itself, and I continued to suffer losses in my trades. Desperate to recover my lost funds, I made the ill-advised decision to keep depositing money into totalling $97000 till 19/05/2023.

I tried everything I could think of to turn the tides in my favor, including extensive technical analysis. However, it seemed as though something was working against me. It was at this point that I decided to delve deeper into and try to get to the bottom of my continuous losses.

Through my online research, I stumbled upon numerous claims that manipulates trades, ensuring that users ultimately lose their invested funds. Feeling betrayed and deceived, I promptly lodged a complaint with, expecting acknowledgment and some recourse for my losses. To my dismay, my complaint was simply rejected, and instead of addressing my concerns, they proceeded to block my trading account.

Refusing to give up, I took my complaint to the Malta Financial Service Authority (MFSA), the regulatory body overseeing After a grueling 20-day wait, I finally received a response, but it was not the resolution I had hoped for. The MFSA stated that I held no account with, but rather with a subsidiary company in Saint Vincent and the Grenadines (SVG), which is not under their jurisdiction.

Frustrated and feeling powerless, I reached out to the SVG Financial Services Authority (SVGFSA) to file a complaint against Although their response was relatively prompt, informing me that they would investigate the matter and inform me of the complaint process, I have yet to receive any further communication from them, despite it being more than 10 working days.

It is evident that and companies within the deriv group operate in a manner specifically designed to evade accountability. By registering various subsidiaries in different countries, they can easily shift a user's account from one location to another, making it difficult for victims to find legal recourse. These countries often lack robust frameworks for taking action against such fraudulent companies, allowing them to continue exploiting unsuspecting individuals and destroying lives.

While the team at, including Johanna F., the director of the deriv group, may be enjoying their prosperous lives, the victims of their deceitful practices are left to grapple with sleepless nights, strained relationships, and the emotional toll of losing their hard-earned money.

It is crucial for regulatory bodies around the world to take a concerted effort to address the concerns raised by victims of platforms like By implementing stricter regulations and oversight, innocent individuals can be protected from falling into the clutches of these unscrupulous online trading platforms. Only then can we hope to prevent more lives from being destroyed by their deceptive practices.
1 trader has found this review helpful
Kampala, Uganda,
Apr 11, 2023,
Registered user

Deriv turned to A.I. price manipulation

Service use: Live Length of use: over 1 Year
A good broker gone bad.
I have used deriv since it merged with and things were smooth until like 1 or 2 years ago when they installed A.I powered bots to hunt trades in synthetics. Since synthetics are there own custom made indices, they have full control on these prices and trends they create. So these bots will know where traders have placed SL and make sure they push price to hunt them. I have noticed it in several instances where it is too obvious to be pure coincidence. Price moves and takes out the SL and then turn on the same candle(1 minute, its insane). They make sure that they take trader's money since they are literally trading against the traders. Its a pure scammm now, nothing else, RIP to old deriv.
1 trader has found this review helpful
Africa, Kenya,
Dec 30, 2022,
Registered user

You can never make any profit on this platform.

Service use: Live Length of use: 6-12 Months
You can never make any profit on this Deriv. Trade as long as you may wish but you won't survive. The chat is so much manipulated that you can't make any profit. I'd you choose to do forex look for a legit broker!

While everything appear to work better and faster on this platform, the main aim of the broker is to make more and more profit. This makes the platform one of the most MANIPULATED trading platforms. Making profits from the platform is a simple impossibility. they always find a way to manipulate trades so much that the traders can barely make money. You can trade all day long but they will make sure that they get their money and that you lose terribly. Stop manipulating trades.
1 trader has found this review helpful