Deriv Scam Alert – Be Aware! $1700 Scammed
Deriv scammed me out of $1700.
They didn’t allow me to withdraw my funds from Deriv, not even my IB commission.
If you’ve faced any issues with Deriv, please share them in the comments below.
I deposited funds into Deriv from Binance via TRC20 and made a $1700 profit.
When I tried to withdraw the profit back to Binance, they rejected the withdrawal.
Deriv told me that since I had deposited more funds via P2P (peer-to-peer) since the creation of my account, I now needed to use P2P to withdraw as well.
I asked them for a clear calculation of how much I had deposited and withdrawn via P2P.
They responded that they couldn’t provide that calculation!
Ridiculous—how much more do I have to use P2P before I can withdraw via other methods? They didn’t give me an answer.
Later, I found out that I deposited $1147 via P2P but only sold $367 via P2P.
That’s an outright lie! Many traders have bought $500 or more from me in a single transaction via P2P.
If you’ve bought from me via P2P, please stand with me by commenting.
Eventually, Deriv told me I had to sell another $577 via P2P before I could use any other withdrawal method.
Two conflicting statements from the same company!
Before April 4, I contacted support multiple times stating that there were no buyers in the P2P section and I couldn’t sell my dollars at all. I asked for a solution.
Their only response: “You cannot withdraw without using P2P.”
I even posted on Facebook trying to sell via P2P but got no response.
I gave some dollars to a known person who made a few trades and incurred a loss. When he tried to withdraw the remaining funds, Deriv also blocked his withdrawal and forced him to sell via P2P.
That person told me over the phone that he felt like his account had been infected with a virus—he couldn’t get his funds out.
Since there were no P2P buyers, I had to return the money to him and take my remaining funds back.
Deriv’s goal with this P2P-only policy is simple: if users withdraw via P2P, the funds stay within the broker’s ecosystem.
When we lose, they profit. When we try to withdraw, money flows out of their pocket.
So, they try their best to keep the money trapped inside.
When I realized they wouldn’t let me withdraw under any circumstances, I transferred some funds via P2P to another Deriv account and intentionally made a few loss trades.
Then I contacted support and asked for my account to be permanently closed.
Their reply: “You deposited via P2P, so you must withdraw via P2P.”
I told them there were no P2P buyers—what should I do?
Their answer: “We will not allow withdrawals via any other method,” even if the account is closed.
At this point, the funds felt like demo money to me—just numbers on a screen, not real money.
Deriv’s IB commissions are directly credited to the MT5 account.
I decided to permanently close my Deriv account, so I updated my affiliate account with my TRC20 address to receive future commissions.
Still, the commissions continued to go to the MT5 account.
I contacted support; they said, “That’s not possible. Your commissions will go to the MT5 account.”
They didn’t let me withdraw my IB commissions either—told me to sell them via P2P.
Just think, how unethical does a broker have to be to even trap an IB’s commissions like this?
They push P2P because the funds never leave their hands.
The affiliate manager in Bangladesh told me my issue wasn’t resolved because I didn’t follow the “proper channel.”
With all due respect—what is live support, then? Isn’t that a proper channel?
When a trader faces a problem, should they talk to live support or the affiliate manager?
Do all traders even have your number?
I only learned that you’re the country manager during the seminar in Dhaka on the 11th.
I asked live support if someone could personally handle my issue. They ignored me.
Many have told me that whenever they made a certain amount of profit, Deriv blocked their withdrawals citing lame excuses.
They didn’t allow instant withdrawal after profit.
For example, someone made $5000 profit—then Deriv asked for source of income or job statements.
In my case, they even asked for my academic certificate as part of “additional verification.”
What kind of broker in the world asks for a certificate to verify identity?
Put yourself in my shoes.
When you can’t withdraw your profit, even though making a profit is already a challenge—what would your trading psychology be like?
Another issue with Deriv is the inconsistent minimum lot sizes and pip values across different pairs.
On April 4, I traded 5 lots on a low-pip-value pair using my mobile.
Later, I accidentally opened a trade on the “Step500” pair without noticing the lot size.
I lost $1300 in a matter of minutes.
I was just about to transfer funds from my CR account to MT5 via PC, but in that short window, the loss occurred.
I thought, “Fine, $1300 is gone—maybe they’ll let me withdraw the rest.”
Nope. Still wouldn’t let me withdraw.
Even after the Dhaka seminar, I tried twice to withdraw—no success.
I messaged the Bangladesh country manager on WhatsApp but got no proper response. Sometimes he replied after a full day.
I told him, “If my issue is not resolved, I’ll bring the police to any future seminar in Bangladesh.”
Only then did they take me seriously.
When my account balance was nearly zero, only then did they allow withdrawal via TRC20.
On May 5, 2025, we had an official Zoom meeting with Deriv.
They asked me to delete my Facebook posts about Deriv and post that my issue was resolved.
I told them clearly:
“You didn’t allow me to withdraw my funds on time. You held my money and ruined my trading psychology while waiting for me to lose.
If you acknowledge your wrongdoing and return the lost funds, only then will I make a post stating the issue was resolved.”
You didn’t help me until my account balance reached zero.
About a month later, they messaged me via email and WhatsApp saying my pending IB commission is still with them and they want to pay it.
They asked for my USDT TRC20 address.
After more than a month, they told me there’s no pending commission.
What a joke!
I wanted to post about the fraud on Facebook, but they kept saying they’d resolve the issue.
Three months of waiting—and in the end, they fooled me.
Some may think I’ve gone crazy from losing money, so I’m attaching screenshots of my profit from the Deriv account to this post.
Note: Deriv only retains 6 months of trading history. The data resets every 6 months.
Despite the last $1300 loss, I still had $1600 profit.
Deriv constantly harasses profitable traders—it’s an old habit.
Now, let’s talk about Deriv’s synthetic pairs—they run on RNG systems.
These markets operate on specific code and not on real buyer-seller volume.
Can this code be manipulated? Of course.
They control the system and can move the market as they wish.
If they see more buyers, they can reverse the market to hit stop-losses.
This is all possible because the market is code-based—real volume has no effect.
Deriv might deny that they manipulate the market.
If so, why don’t they publish an audited whitepaper?
Since synthetic pairs are only available on Deriv, they control the volatility and price movement entirely.
Sometimes, technical analysis works perfectly on these pairs—only when trade volume is low.
Traders get fooled thinking the market is behaving normally.
Then they trade again—and lose.
Just like OTC Binary Options are fully manipulated, so are Deriv’s synthetic indices.
They control market direction based on trading volume and move it against the traders.
I was the first in Bangladesh to create content for Deriv’s marketing.
I was the one who first branded Deriv here.
Many traders joined through me and often shared their bad experiences, which I helped resolve.
In the end, they betrayed me.
To all my well-wishers, please share this post in every trading group you can.
If you’ve been wronged by Deriv, comment below.
If Deriv ever arranges another event in Bangladesh, I’ll be there with the authorities.
If you ever hear of a Deriv seminar in any part of Bangladesh, let me know.
If I hear about it, I’ll make sure legal action is taken.
Trading is banned in Bangladesh, and such seminars are not legally permitted.
Even if I lose several months of income, I’ll stand against this.
To all Bangladeshi affiliates: Please do not participate in their programs.
They promised to pay my IB commission, kept me waiting, and then said there’s no commission.
What a scam.