The former binary options broker Deriv used to operate with the vanity domain Binary.com. It was authorized by the UK Gambling Commission and the Maltese MFSA and MGA. Binary options have been banned in most regulatory regimes due to their susceptibility to fraud. Now Deriv offers Forex, CFDs, and crypto with the new brand and domain and is expanding. One center of activity is Belarus, among other countries, according to a LinkedIn post. Here is an update.
Key Data
| Trading names | Deriv Binary.com (old) |
| Business activity | CFD, forex, synthetics, stocks & indices, cryptocurrencies, and commodities broker |
| Domain | https://deriv.com www.binary.com |
| Legal entities | Deriv Investments (Europe) Limited, Malta Deriv (FX) Ltd, Labuan Deriv (BVI) Ltd, BVI Deriv (V) Ltd, Vanuatu Deriv (SVG) LLC, SVG Deriv Limited, Jersey |
| Jurisdictions | Malta, Malaysia, BVI Vanuatu, SVG |
| Regulators | MFSA with license no. IS/70156 Labuan Financial Services Authority with license no. MB/18/0024 BVI Financial Services Commission license no. SIBA/L/18/1114 Vanuatu Financial Services Commission (VFSC) |
| Member of | The Financial Commission (Link) |
| Related Individuals | Jean-Yves Sireau (LinkedIn) Joanna Frendo (LinkedIn) Rakshit Choudhary (LinkedIn) Louise Wolf (LinkedIn) |
| Payment options | Online banking, credit and debit card, e-wallets, crypto (FIAT onramp) |
Short Narrative
Deriv claims that in its 22 years of existence, it has grown to over 2.5 million customers worldwide with a total transaction volume of more than $10 billion.
According to the latest Similarweb statistics for August 2022, around 6.3 million visitors have visited the Deriv website, with an average time spent on the site of just under 7 minutes. Most of them come from South America, South Africa, and Africa. The website is in the top 10,000 worldwide, which is quite impressive.
Deriv also acquires customers in EEA through its MFSA license. We did not identify any regulatory issues during our compliance check. For example, no pre-KYC deposits are possible.
On Trustpilot, Deriv receives an impressive 4.6-star rating out of more than 16,000 reviews and thus holds an Excellent Trust Level. Obviously, Deriv leaves an excellent impression on its customers.
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If you have any information about Deriv, its operators, and partners, please let us know via our whistleblower system, Whistle42.
