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DRW -

Score

1.26 /10
Danger

DRW

Japan

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.drwcapital-jp.com

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Comparison

Quantity 2

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index5.06

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

DRW Holdings, LLC

Company Abbreviation

DRW

Platform registered country and region

Japan

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Exposure

2 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

I tried to withdraw money, but it is not possible because the crude oil reservation is in progress.

He was advised that he would not be able to win unless he reserved more than his funds, and when he only had one fund, he reserved more than that and ended up winning six, more than he had funds. I applied for cancellation, but it is not possible. I was asked to transfer additional funds, but I did not make the additional payment due to insufficient funds. His account was frozen due to lack of funds. Currently, I am unable to open an account. I already reported it to the police.

Akithifar
2024-01-02 11:22
Resolved

I checked to see if I could withdraw the entire amount, and they replied that it was possible. Actually, I was given an excuse and couldn't withdraw money.

All communication is on LINE. The first loan is $3,500 free of charge, and if you make half the profit, the $3,500 will be recovered. You can withdraw 20% of your profits, but you cannot trade unless you enter $3,500. I borrowed money from my parents and entered it. I made a small profit, so I applied for a withdrawal of $6,100, but customer service told me that there was a problem with verifying my identity, so I sent them an image of my driver's license. I was told that I would be able to withdraw money if it passed the examination, but I had not heard from them, so when I asked about it, I was blocked from LINE. The assistant is also blocked. The group LINE was also deleted and there was no way to contact them. I would like a refund of $6,100 immediately.

みー
2023-12-13 23:12
DRW · Company summary

Note: DRW's official website: https://www.drwcapital-jp.com/ is currently inaccessible normal.

DRWReview Summary
Founded2023
Registered Country/RegionJapan
RegulationUnregulated
Market InstrumentsETFs, Crypto, Energy, Forex, Commodities
Demo Account✅
LeverageUp to 1:50
SpreadFrom 0.1 pips
Trading PlatformDRW Trading Platform
Min Deposit$10000
Customer SupportPhone, address

DRW International Trading Co Ltd, founded in Japan in 2023, operates without regulation. DRW engages in diversified trading across assets like ETFs, crypto, energy, fixed income, currencies, and commodities.

DRW's homepage

Pros and Cons

ProsCons
Wide range of trading productsUnregulated
Various account typesHigh minimum deposit requirement
Difficult to navigate for beginners
High fees for some products and services

Is DRW Legit?

DRW is confirmed to be an unregulated platform. Trading on this platform can lead to danger.

No license

What Can I Trade on DRW?

Trading AssetAvailable
forex✔
metals❌
commodities✔
indices❌
energies✔
stocks /shares❌
cryptocurrencies✔
options❌
funds❌
ETFs✔

Account Type/Leverage

Account TypeMin DepositMax Leverage
Commodity Futures Account$10,00050:1
ETF Account25:1
Cryptocurrency Account10:1
Fixed Income Account5:1
Currency Account
Commodity Account

Spreads & Commissions

ProductSpreadCommission
EUR/USD futures0.1 pips$0.5/contract
WTI Crude oil futures$0.10$2/contract
Gold futures$0.20$2.5/contract
Bitcoin futures$20$30/contract
SPY ETF$0.01$0.0005/share

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
DRW Trading Platform✔Web/
MT5❌Desktop, Mobile, WebExperienced traders
MT4❌Desktop, Mobile, WebBeginners
Trading View❌Desktop, Mobile, Tablets, WebBeginners

Deposit & Withdrawal

Payment MethodProcess Time
Wire transfers2-5 business days
Credit cards1-2 business days
Debit cards
ACH transfers3-5 business days

Customer Support

RegionPhoneAddress
Chicago+1 312 542 1000540 W Madison St, Suite 2500, Chicago IL
Amsterdam+31 2 0399 8330Locatellikade 1, Floor 7, 1076 AZ Amsterdam, Netherlands
Austin+1 512 807 5000300 W 6th Street, Suite 2300, Austin TX
Greenwich+1 203 930 3440Greenwich Plaza, Suite 122, Greenwich CT
Hong Kong/Unit 1525-26, 15/F, AIA Central 1 Connaught Road Central Hong Kong
Contact info

User Reviews

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User comment

2

Comments

Write a review

Hungrey
more than one year
Marcus was very friendly and helpful. He explained things in a simple manner for me to understand. His customer service was great so I hope to contact him again if I ever need to for Forex related questions in the future.
Marcus was very friendly and helpful. He explained things in a simple manner for me to understand. His customer service was great so I hope to contact him again if I ever need to for Forex related questions in the future.
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2024-07-09 18:24
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FX1496336957
more than one year
Using DRW’s platforms has been a smooth experience. They offer advanced tools that help me analyze the markets effectively. But, I'm always on guard because they're not regulated...
Using DRW’s platforms has been a smooth experience. They offer advanced tools that help me analyze the markets effectively. But, I'm always on guard because they're not regulated...
Translate to English
2024-06-18 10:31
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