While trading, the first thing to check about the broker is its legitimacy and licenses. It shows if the broker is controlled by the regulatories, if it is an offshore entity, or an unregulated substance.
Deriv is an unregulated broker, and an unregulated broker has been restricted from offering any trading and investment services. Such brokers can be potential scammers and steal all your money by using different strategies. It is essential to know the kinds of tricks and the methods of staying away from them.
Read more about Deriv scam, in this Deriv review.