deriv operates in your country (United States) — but holds no local license. You’d likely be onboarded under an offshore entity, which means weaker fund protection. Confirm which entity before depositing.

Moderate risk

Scam Risk Scoremonitored · 2026-07-28

Lower riskHigher risk

16 user exposure/complaint reports filed
Withdrawal complaints in ~86% of recent reviews

How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

Factor	Score	Weight
Regulation & licensing	38	35%
Company age	22	15%
Clone / impersonation	0	12%
Withdrawal & exposure complaints	100	12%
Offshore registration	45	8%
Transparency (site/info/social)	25	10%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company

Legal nameDeriv (FX) Ltd

Headquarters Malta

Founded2019-11-14

Years operating5-10 years

Employees0

Official websitederiv.com

Trading conditions

Avg execution speed0 ms

Avg slippage0

Swap rating—

Trading cost rating—

Monitored traders0

Monitored orders0

Funding & instruments

Deposit methods—

Withdrawal methods—

Instruments—

Registered address

First Floor, 68 - 72 Leonard Street, London, EC2A 4QX

Regulation & licenses · 5

Regulator	License type	License No.	Region	Status
MFSA	Market Making License (MM)	C 70156	Malta	Regulated
CMA	Forex Trading License (EP)	Unreleased	United Arab Emirates	Regulated
FSC	Market Making License (MM)	SIBA/L/18/1114	The Virgin Islands	Offshore Regulation
VFSC	Forex Trading License (EP)	14556	Vanuatu	Offshore Regulation
CIMA	Derivatives Trading License (EP)	2108455	Cayman Islands	Offshore Regulation

Review analysis AI

Across 7 recent Trustpilot reviews, 0% are 1–2 star. The single most common complaint is being unable to withdraw funds (6 reports) — the classic warning sign in forex. We also found 3 clone site(s) impersonating this brand — a frequent vehicle for scams.

Period:

What users praise

Where reviewers are from

Colombia3

Bolivia1

Nigeria1

United Kingdom1

Philippines1

Real user reviews

Where deriv operates

Active across 87 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇰🇪 Kenya

🇳🇬 Nigeria 1 complaint

🇿🇦 South Africa

🇨🇴 Colombia 1 complaint

🇺🇸 United States

🇿🇼 Zimbabwe

🇦🇷 Argentina

🇹🇭 Thailand

🇧🇷 Brazil

🇮🇩 Indonesia 5 complaints

🇮🇳 India 5 complaints

🇫🇷 France EEA

🇪🇨 Ecuador

🇿🇲 Zambia

🇱🇰 Sri Lanka

🇵🇰 Pakistan 1 complaint

🇩🇪 Germany EEA

🇬🇭 Ghana

🇲🇹 Malta Licensed

🇦🇪 United Arab Emirates Licensed

🇻🇺 Vanuatu Licensed

🇰🇾 Cayman Islands Licensed

🇮🇱 Israel 1 complaint

🇻🇪 Venezuela 1 complaint

🇪🇺 Passported across 16 EU/EEA countries under its EU license.

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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About deriv

deriv is a forex and CFD broker based in Malta, with records dating to 2019-11-14. It reports oversight from CIMA, CMA, FSC, MFSA, VFSC.

FXCanary’s verdict is “Guarded.” There are enough red flags that we’d urge caution before depositing.

Finally, beware of impersonation: we tracked 3 clone website(s) copying deriv. Always reach the broker through its verified official domain, never via links in ads or messages.

Overview compiled by FXCanary from regulatory records and public data. full deriv review