DERAVEST has been flagged by Comisión Nacional del Mercado de Valores for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
DERAVEST seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: High security standards|Stable platform|Responsive team
Cons: Spreads widen during volatile periods
The onboarding at DERAVEST was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Personal attention|Market news feed|Smooth onboarding
Cons: Search feature is basic
After seeing ads for DERAVEST online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Comisión Nacional del Mercado de Valores. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Unauthorized firm|Found in IOSCO warnings database
I invested $1,000 with DERAVEST after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Comisión Nacional del Mercado de Valores.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
The mobile app from DERAVEST is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Clear documentation|Full transparency|Market news feed|Customizable dashboard
Cons: Email notifications too frequent|Limited demo account features
After using DERAVEST for over three years, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Real-time alerts|Regular platform improvements|Two-factor authentication|Demo account available
Cons: Email notifications too frequent|Live chat only during business hours
DERAVEST locked my account without warning and demanded documents I had already submitted. for about ten months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Portfolio tracking tools|Responsive team|Fast support response|Two-factor authentication
Cons: Help articles are sometimes vague|Nothing significant
The reporting at DERAVEST is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Market news feed|Multi-currency support
Cons: Search feature is basic|Limited ETF selection