Coronavirus (COVID-19): Learn about our response to the coronavirus pandemic

You are here

Home \ Library \ Alerts

Public Statement 21 of 2023 - DERIVTRADINGLIVE.NET

 
Public Statements

DERIVTRADINGLIVE.NET

Tortola, British Virgin Islands - 5th September 2023 - The British Virgin Islands Financial Services Commission (the FSC) considers it necessary to issue this Public Statement in order to protect customers, creditors or persons who may have been solicited to conduct business through the website address https://derivtradinglive.net and to make the general public aware that the entity using the website address has never been licensed or regulated by the FSC to carry on any type of financial services business.

The details are:

The website address https://derivtradinglive.net is falsely and fraudulently purporting to be a trading platform providing trading and investment business services to the general public. Trading and investment business services are regulated activities under BVI legislation and may only be carried out by a company that is licensed and regulated by the FSC to conduct investment business.
  
The FSC hereby informs the public that the persons operating the website address https://derivtradinglive.net are not and have never been licensed or regulated to carry on investment business or any other financial services business in or from within the Territory. The public is also advised that the website address https://derivtradinglive.net  is not affiliated or otherwise connected to the BVI-registered company Deriv (BVI) Ltd., which is an entity licensed and regulated by the FSC. Details of entities licensed and regulated by the FSC can be found at the website address: https://www.bvifsc.vg/regulated-entities. 

Members of the public are advised to exercise extreme caution if solicited at any time to conduct business through the website address https://derivtradinglive.net. The public is invited to provide the FSC with any relevant information on any questionable entities that are purportedly operating in or from within the Territory and on any improper activities engaged in by such entities.

The FSC has issued this Public Statement pursuant to Section 37A of the Financial Services Commission Act, 2001.