Jean-Yves Sireau- Trustworthy or a scam? (2024)
Jean-Yves Sireau- As claimed by Jean-Yves Sireau, claims to be a serial entrepreneur, creator, and CEO of the leading trading platform Deriv.com. Jean-Yves Sireau claims to have a background in software development, fintech innovation, and financial derivatives. As asserted, with Jean-Yves Sireau in the lead, Deriv has had a lot of success. Some of the important statistics include 20 years of business expertise, 2 million+ trading accounts opened, 80+ million trades every month, and 1,000+ workers worldwide.
Jean-Yves Sireau claims that he is credited with developing a huge and profitable organization through holistic recruitment and training tactics and employee-focused corporate processes. Jean-Yves Sireau asserts that he has demonstrated that financial services operations are enhanced by employee development and retention.
Jean-Yves Sireau claims to enjoy writing and advising on better management, employee development, and innovative ways to entrepreneurship.
What is claimed and asserted by Jean-Yves Sireau is that his long career has been a learning experience at every turn. Jean-Yves Sireau learned that the best leaders are always approachable, easy to talk to and listen well. As a result, Jean-Yves Sireau makes every effort to be accessible to everyone and even promotes transparency and accessibility in his work life.
Further Jean-Yves Sireau claims that as a proud person, he learned the importance of teamwork as a leader. Also, Jean-Yves Sireau claims that – “Jean-Yves Sireau now feels that building a fantastic team is the key to success. Jean-Yves Sireau lives, leads, and looks for four qualities in his employees: integrity, dedication, communication, and collaboration.
“I’ve learned that success in business is highly dependent on recruiting the best team, which is why at Binary we put significant effort into identifying and nurturing top talent,” Jean-Yves Sireau said. Every day, the company encourages a tight-knit and nurturing work environment, so that everyone develops talents and grows their careers.
“It has certainly been a joy and an honor to lead so many talented men and women on my long journey as an entrepreneur,” Jean-Yves Sireau says. To him, leadership has been one of the most fulfilling challenges ever; Seeing teamwork and camaraderie in his motivated employees is an indescribable joy.”
Jean-Yves Sireau- Deriv.com (Jean-Yves Sireau’s company)(As claimed by Jean-Yves Sireau)
Deriv.com is a well-known internet trading platform. The site serves clients from over 100 countries around the clock and has an annual revenue of more than $1 billion. Since its inception in 1999, the company has grown to become a renowned leader in the online trading industry, employing over 1,000 employees worldwide.
Deriv is one of the largest internet brokers in the globe. CFDs and other derivatives on forex, stocks and indices, cryptocurrencies, commodities, and derived indexes are available to millions of registered customers worldwide.
Our goal from the beginning was to break free from the excessive commissions and bulky goods given by traditional brokers. In addition, regardless of the size of their accounts, we want to provide a first-rate experience to technologically minded traders. Over the course of more than 23 years, we have expanded to over 2.5 million consumers globally. But our mission has not changed:
Deriv Group, the parent company of the Deriv and Binary.com brands, has a history that stretches back to 1999 when we established the world’s first fixed-odds trading facility. We have risen from strength to strength since then, earning the trust of traders all across the world.
The Malta Financial Services Authority (MFSA), the Labuan Financial Services Authority (Labuan FSA), the Vanuatu Financial Services Commission (VFSC), and the British Virgin Islands Financial Services Commission all regulate Deriv.
Deriv does not utilize your money for commercial purposes, and you can withdraw it at any time. Your money is kept separate and in safe banking institutions. As a result, in the improbable event that Deriv becomes bankrupt, all your money will be returned to you because it is never merged with ours.
Jean-Yves Sireau- Let’s have a look at the real picture of Deriv.com
In the case of Deriv.com – Conditions and offerings vary based on the entity. The international entity offers Binary Options which is the highest-risk instrument and Regulatory standards and protection vary based on the entity.
This broker successfully combines Binary Options and Contracts For Difference while still providing a platform for everyone. New traders who are uninterested in technical analysis can pick between two trading platforms (exclusive to Deriv.com), but more experienced traders can use Meta Trader 5, which is well-known for its versatility.
Jean-Yves Sireau- Is Deriv a Fraud?
Despite the fact that this broker was formed in 2020, it is part of the Regent Markets Group, which was founded in 1999 and formerly managed BetonMarkets.com (later rebranded to Binary.com), so we can confidently claim that we are dealing with an old-timer despite Deriv.com’s immaturity. Furthermore, the corporation is regulated in all jurisdictions where its branches operate, even if the financial regulators are not the most zealous in the industry. In conclusion, Deriv.com and, in particular, Regent Markets Group are not scams, but caution is always urged.
Source- Is binary.com legit? – Quora
Jean-Yves Sireau- Let’s have a look at what people have to say about Jean-Yves Sireau’s company Deriv.com
One of the customers claims that this broker is indeed a scam and one can never make a profit on this platform.
What he mentions is that – “ THIS IS INDEED A SCAM !!!
I’ve confirmed for another time. You can never make any profit on this platform. Trade as long as you may wish but you won’t survive. The chat is so much manipulated that you can’t make any profit. I’d you choose to do forex look for a legit broker!
1 Star MAKING PROFIT ON DERIV IS HELL
While everything appears to work better and faster on this platform, the main aim of the broker is to make more and more profit. This makes the deriv.com platform one of the most MANIPULATED trading platforms. Making profits from the platform is a simple impossibility. they always find a way to manipulate trades so much that the traders can barely make money. You can trade all day long but they will make sure that they get their money and that you lose terribly. Stop manipulating trades.”
Another customer claims that this broker started with good but with time gone bad.
What he says is that – “ A good broker gone bad.
I have used deriv since it merged with binary.com and things were smooth until like 1 or 2 years ago when they installed A. I powered bots to hunt trades in synthetics. Since synthetics are their own custom-made indices, they have full control over the prices and trends they create.
So these bots will know where traders have placed SL and make sure they push prices to hunt them. I have noticed it in several instances where it is too obvious to be pure coincidence. Price moves and takes out the SL and then turns on the same candle(1 minute, it’s insane). They make sure that they take trader’s money since they are literally trading against the traders. It’s a pure scam now, nothing else, RIP to the old drive.”
One of the customers said that – Deriv.com has such a flawed P2P resolution mechanism. Some traders are using the current resolution policy to swindle other people, especially buyers since once a buyer has sent the seller funds, he is at the mercy of both the seller and the organization. Despite even showing proof that payment has been made money is never returned to the buyer.
One of the customers complains that Deriv.com is stealing from him and here is what he mentions – “Why isn’t anyone answering or responding? Deriv is a liar. They deleted my account, which had a balance of $3000. I require my funds. How do I ask regulatory agencies to return my money? I’ve talked to you. Your live chat is ineffective. They insist they can’t do anything. You thief, give me my money.”
Jean-Yves Sireau- What makes Deriv.com a scam?
Trading in Deriv isn’t always a bed of roses because it has some drawbacks. Here are some of the most typical drawbacks that you may encounter in Deriv:
- Unlike its competitors, Deriv offers extremely few alternatives for contacting assistance.
- Only a small number of countries are permitted to use Deriv. You cannot open an account or trade in Deriv if you are from Malaysia, Israel, the United States, or Canada.
- Several countries do not have access to it
- Signup incentives and recurring offers are rare
- Doesn’t offer any copy or social trading tools
- No promo codes are available
Jean-Yves Sireau- Ways one can protect oneself from investment brokerage frauds like with Deriv.com
By taking these six steps, you can protect yourself from doing business with an unscrupulous broker or other financial professional:
1. Avoid Cold Contacts
Be careful of any broker or investment advisor that calls you without your permission from a company with which you have never done business. A phone call, email, or letter could be used to make contact. Don’t be taken in by invites to investment seminars that promise free lunches or other perks in exchange for lowering your guard and investing recklessly.
Callers that use high-pressure sales tactics, advertise once-in-a-lifetime chances or refuse to deliver written information regarding an investment should be avoided, according to the SEC.
2. Hold a Discussion
You should feel at ease with the people who will be giving you advice, goods, and services, whether you’re looking for a broker or a financial advisor. Inquire about the company’s services and its experience with clientele with similar demands to yours.
Find out what kind of relationship you’ll have with the professional. When advising investments, financial professionals must put their client’s interests ahead of their own under a so-called fiduciary standard. That is a higher level than the so-called appropriateness requirement, under which the expert is just required to offer recommendations that are in the best interests of the client. While investment advisors always must follow the fiduciary standard, that’s not the case for broker-dealers—though you may be able to find a broker-dealer willing to adhere to the fiduciary standard.
3. Conduct some research
When looking for a financial professional, the first thing to attempt is a basic web search with the broker and business name. This could result in new releases or media reports of alleged misbehavior or disciplinary measures, client conversations on internet forums, background information, and other specifics. For example, putting “Lee Dana Weiss” into a search engine yields hundreds of thousands of results, including a link to the SEC complaint against him and his firm.
Then try directly searching the regulatory agencies. Financial professionals and their firms must be registered with federal and state securities regulators by law. And that registration information, as well as details of disciplinary procedures conducted against individuals or businesses, is public.
4. Check SIPC Membership
You should also confirm that a brokerage firm is a member of the Securities Investor Protection Corporation (SIPC), a non-profit corporation that protects investors for up to $500,000 (including $250,000 for cash) if a firm goes out of business, in the same way that the FDIC protects bank customers. When investing, make cheques payable to the SIPC member firm rather than an individual broker.
5. Check your statements on a regular basis.
Putting your money on autopilot is the worst thing you can do. Checking your assertions thoroughly, whether online or in print, will help you uncover misbehavior or mistakes early on. If your investment returns aren’t what you expected or there are unexpected changes in your portfolio, ask questions. Accepting convoluted guarantees you don’t understand is a bad idea. If you’re not getting straight answers, request to talk with someone higher up. Never be concerned about appearing ignorant or annoying.
6. When in doubt, withdraw your funds and file a complaint.
Remove your funds from the financial advisor if you suspect impropriety. Then, submit complaints with the same state, federal, and private regulators whose websites you visited when you first investigated the financial professional.
There are a few actions you might take if you believe you have a real dispute with your broker or advisor. If you have a complaint about a stockbroker, you must register a dispute with the Securities and Exchange Commission (SEC) or FINRA.
I agree with you Clint Wazzy, when u raised doubts, they were unable to clear the doubts.
Why should we have to go with Deriv.com, when there good and trustworthy options are available?
This article is just a piece of crap.
The problem with these trading platforms is that they don’t want to give back the people’s money.
Jean cost me so much money ????????????
I thank God, that I’m not dealing with them.
What a thief. He belongs behind bars!
These websites’ main intention is to attract newbies and try to deceive them.
This website should be shut down as Deriv.com dupes needy people who desire to make money from online trading.
Dude. This is enough, these scams need to be stopped.
Deriv.com is one of the worst companies you can deal with. I don’t think anybody should be working with those guys.
What really traumatic is that the people who got scammed never get their money back.
Do the people working for Jean Yves Sireau realize what crimes they are committing and how many lives they are ruining?!?!?!
The thing is that most people don’t know how to invest their hard-earned money.
It is so funny that I’m unable to control my laugh, at this guy claiming he has opened a 2 million+ trading account????.
Honestly, it would be difficult for investors to cope with these scammers.
These bogus trading platforms always be unreliable for investors.
I’m not gonna trust these financial predators.
These illicit activities are the main cause of the Global’s recession.