Warning Investors DerivTradingLive regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)
In the ever-evolving world of online financial services, it’s crucial to be on the lookout for fraudulent entities that attempt to deceive unsuspecting investors. DerivTradingLive is one such website that claims to offer financial services, but the Malta Financial Services Authority (MFSA) has issued a stark warning. According to the MFSA, DerivTradingLive is neither a registered company in Malta nor authorized to provide financial services within or from this jurisdiction. In an alarming twist, the website employs the details of an MFSA-licensed company, Deriv Investments (Europe) Limited, to dupe the public. This review will delve into the regulatory concerns, reputation, customer support, and the overall legitimacy of DerivTradingLive.
Regulation and Compliance
The MFSA has issued an official warning, emphasizing that DerivTradingLive operates as a clone of the legitimate entity, Deriv Investments (Europe) Limited. As a result, the public is strongly advised against conducting any business or financial transactions with this misleading entity. It is essential to heed these regulatory alerts to protect your financial interests.
When considering the reputation of DerivTradingLive, the lack of legitimate customer reviews speaks volumes. This is due to the fact that DerivTradingLive is not a genuine company. However, its supposed counterpart, Deriv Investments (Europe) Limited, has garnered attention in the trading community. A review on ThatSucks.com highlights Deriv.com as a novel and exciting digital options, forex, and CFD broker launched in 2020, with roots dating back to 1999. Services offered on Deriv.com are provided by Binary Group, which boasts regulation across multiple jurisdictions. The website itself is multilingual, featuring an intuitive layout with easily accessible information. For traders of all experience levels, Deriv offers a range of platforms to suit their needs.
Customer Support and Customer Reviews
DerivTradingLive, being an unauthorized entity, lacks any traceable information regarding its customer support. On the contrary, Deriv Investments (Europe) Limited maintains a visible presence, with multiple contact options available on their official website. These include physical addresses and international help desk contacts, ensuring that customers can reach out for assistance when needed.
In conclusion, it is evident that DerivTradingLive is far from a legitimate entity. It lacks authorization to provide financial services in Malta, and the MFSA has issued stern warnings against its deceptive practices. By misleadingly utilizing the details of an MFSA-licensed company, Deriv Investments (Europe) Limited, DerivTradingLive poses a significant threat to the public. Consequently, it is strongly advised that individuals avoid any form of engagement, business, or financial transactions with this false entity.
The risks associated with unregulated financial services are profound, and taking heed of regulatory alerts is imperative to safeguard your financial well-being. It is essential to conduct thorough research and exercise due diligence when considering any financial services provider, as the consequences of not doing so can be substantial.