The MFSA identifies Deriv Trading Live as a clone On August 30, 2023, the Malta Financial Services Authority (MFSA) issues a warning against Deriv Trading Live, saying that the platform is a clone of an MFSA-licensed entity. https://www.mfsa.mt/news-item/mfsa-warning-derivtradinglive-clone/

BrokersView has reviewed that Deriv Trading Live is an impersonation scam Deriv Trading Live, with an internet presence at https://derivtradinglive.net/, is using the details of company Deriv Investments (Europe) Limited which is licensed by the Malta Financial Services Authority (MFSA) to deceive investors. Fraudsters are attempting to convince the public that they are operated by this genuine company.Therefore, the MFSA launched an investigation into the fake platform and issued a warning against it. According to the Maltese authority, Deriv Trading Live is NOT a Maltese registered company NOR is it authorised to provide any financial services in or from Malta. Additionally, Deriv Trading Live has NO association with Deriv Investments (Europe) Limited. The website https://derivtradinglive.net/ therefore appears to be a clone of the website of the legitimate entity and the public should therefore refrain from undertaking any business or transactions with the false entity.In essence, Deriv Trading Live is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Deriv Trading Live is unequivocally a scam.

BrokersView has identified that Deriv Trading Live's website is currently offline BrokersView found that the domain "https://derivtradinglive.net/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

Can I have more than one account in Deriv Trading Live? Deriv Trading Live is a fraudulent platform, which copies details of a real firm to mislead investors. It appears to be an impersonation scam and we urge you to stop trading with it.The fradulent activities of Deriv Trading Live have led to an investigation by the Malta Financial Services Authority (MFSA). According to the MFSA, Deriv Trading Live (https://derivtradinglive.net/), is using the details of company Deriv Investments (Europe) Limited which is licensed in this jurisdiction to deceive investors. Fraudsters are attempting to convince the public that they are operated by this genuine company. The Maltese financial watchdog has confirmed that Deriv Trading Live is not licensed and is a clone firm. You can read the full warning here.Therefore, dealing with Deriv Trading Live could be financially and personally devastating, as there are no rules in place to protect its customers from fraud and identity theft. Forex trading journey contains uncertainties and stakes, and it is better to choose a fully regulated broker to mitigate risks. View Source