Score

1.53 /10
Danger

DRW

United States

5-10 years

Suspicious Regulatory License

Regional Brokers

High potential risk

A

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Comparison

Quantity 2

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.14

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

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Broker Information

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Company Name

DRW Holdings, LLC

Company Abbreviation

DRW

Platform registered country and region

United States

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-27
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Pyramid scheme complaint
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DRW · Company summary
DRW Review Summary
Founded 1992
Registered Country/Region United States
Regulation Unregulated
Products & Services Exchange Traded Funds (ETFs), cryptoassets, energy, fixed Income, currencies & commodities
Demo Account N/A
Trading Platforms N/A
Minimum Deposit N/A
Customer Support Phone, online messaging

What is DRW?

DRW is a trading firm founded in 1992 that specializes in liquidity in global financial markets. With over 30 years of experience in various asset classes, DRW provides liquidity and offers a range of products and services. However, DRW is an unregulated firm, meaning it is not subject to specific regulatory oversight. Customers have reported difficulties in withdrawing funds from DRW's website.

DRW's homepage

If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

Pros Cons
  • Global presence
  • Operates without valid regulation
  • Many years' industry experience
  • Some reports of withdrawal issues
  • Liquidity provider
  • Unclear trading conditions (accounts, funding methods, trading platform)
  • Diversified product offering

Pros of DRW:

- Global Presence: DRW has a global presence, allowing clients to access markets and opportunities around the world. This can be advantageous for those looking to diversify their investments and take advantage of different market conditions.

- Many Years' Industry Experience: With over 30 years of experience in trading and a focus on quantitative research, DRW brings a wealth of knowledge and expertise to the table. Their seasoned approach to identifying opportunities in global financial markets can be advantageous for counterparties.

- Liquidity Provider: As a liquidity provider, DRW can help ensure there are buyers and sellers for various financial instruments. This can lead to tighter spreads and better execution for clients who need to buy or sell assets quickly.

- Diversified Product Offering: DRW offers a range of products, including equities, fixed income, commodities, and currencies. This diverse product offering allows clients to explore different markets and diversify their portfolios.

Cons of DRW:

- Operates Without Valid Regulation: One of the significant drawbacks of DRW is that it operates without valid regulation. This means that clients may face additional risks related to transparency, investor protection, and dispute resolution. It's crucial to carefully consider these risks before engaging with an unregulated entity.

Reports of Withdrawal Issues: Some reports suggest that customers have experienced difficulties when trying to withdraw funds from DRW. This can be concerning, as it raises questions about the ease of accessing funds and the firm's financial stability.

- Unclear Trading Conditions: Information about DRW's trading conditions, such as account types, funding methods, and trading platforms, may be unclear. This lack of transparency can make it challenging for potential clients to evaluate whether DRW's offerings align with their specific needs.

Is DRW Safe or Scam?

Investing with DRW carries a degree of risk due to its current lack of valid regulation. This means that there is no oversight from government or financial authorities to monitor their operations and ensure compliance with industry standards.

Without regulatory oversight, there may be a higher likelihood of encountering fraudulent or unethical practices. Additionally, the absence of regulation means that investor protections, such as compensation schemes or dispute resolution mechanisms, may not be in place.

Products & Services

DRW is offers a range of products and services in various markets, including traditional and innovative ones. Their expertise encompasses the following areas:

- Exchange Traded Funds (ETFs): DRW provides liquidity and market-making services for ETFs. These investment funds are traded on stock exchanges and aim to track the performance of specific indexes or sectors.

- Cryptoassets: DRW is involved in the trading and market-making of cryptocurrencies and other digital assets. They leverage their expertise in blockchain technology and digital currencies to provide liquidity in this rapidly evolving market.

- Energy: DRW is actively engaged in energy trading and market-making. This includes trading in various energy commodities such as oil, natural gas, power, and renewables. They have extensive knowledge and experience in the energy sector.

- Fixed Income, Currencies & Commodities: DRW offers liquidity provision and market-making services in the realm of fixed income, currencies, and commodities. This includes trading in government bonds, currencies, interest rate products, and commodities such as metals and agricultural products.

Products & Services

User Exposure on WikiFX

Reports of customers being unable to withdraw funds from our website have been observed. We strongly advise traders to thoroughly examine the provided information and carefully evaluate the risks involved in trading on an unregulated platform. Prior to engaging in any trading activities. In the event that you come across deceitful brokers or if you have personally experienced any fraudulent activities, we kindly request that you inform us through the Exposure section.

User Exposure on WikiFX

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

City Address Phone Number
Chicago 540 W Madison St, Suite 2500 +1 312 542 1000
Amsterdam Locatellikade 1, Floor 7, 1076 AZ +31 2 0399 8330
Austin 300 W 6th Street, Suite 2300 +1 512 807 5000
Greenwich 1 Greenwich Plaza, Suite 122 +1 203 930 3440
Hong Kong Unit 1525-26,15/F, AIA Central N/A
Houston 1500 Post Oak Blvd, Suite 1625 +1 713 814 3030
London The Leadenhall Building, 36th Floor +44 207 282 1000
Montréal 1360 Boulevard René-Lévesque Ouest +1 514 940 4040
New York 225 Liberty Street, Suite 4201 +1 212 313 3921
Singapore 8 Marina View, Asia Square Tower 1 +65 6653 8500
Tel Aviv Mixer Park, 101 Rokach Blvd. N/A

Moreover, clients could get in touch with this broker through the social media, such as Twitter, Instagram, YouTube and Linkedin.

contact details

DRW offers online messaging as part of their trading platform. Online messaging can be a convenient way to get real-time assistance or to engage in discussions with fellow traders.

Contact Form

Conclusion

In conclusion, DRW has a long history and a diverse product offering. It has over 30 years of experience across various asset classes and is a liquidity provider. However, they operate without valid regulation and have reports of withdrawal issues that raise concerns about the safety and reliability of their services.

Frequently Asked Questions (FAQs)

Q 1: Is DRW regulated by any financial authority?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: How can I contact the customer support team at DRW?
A 2: You can contact via phone, online messaging, Twitter, Instagram, YouTube and Linkedin.
Q 3: What services and products DRW provides?
A 3: It provides exchange Traded Funds (ETFs), cryptoassets, energy, fixed Income, currencies & commodities.
Q 4: Do I take risks to trade with DRW?
A 4: Yes. DRW operates without valid regulation, and there have been reports of withdrawal issues. These factors may raise concerns about the safety of trading with DRW.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

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FX1616485612
more than one year
During high volatility, I exited my trading account for about 10 minutes, and the platform malfunctioned, causing payment facilities to not work properly!
During high volatility, I exited my trading account for about 10 minutes, and the platform malfunctioned, causing payment facilities to not work properly!
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2024-02-02 17:12
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FX1608699593
more than one year
DRW is a platform that easily gets you signed up with any trader. However, when you end up losing your entire budget through copy trading, they conveniently shift the blame to you. They'll insist on checking your login credentials and then promptly lock your account.
DRW is a platform that easily gets you signed up with any trader. However, when you end up losing your entire budget through copy trading, they conveniently shift the blame to you. They'll insist on checking your login credentials and then promptly lock your account.
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2024-01-25 17:48
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