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DRW
Suspected Fraud
Suspected Fraud

DRW

🇺🇸
  • Forex
  • Broker
  • ...
1-2 years
Website

Current Rating

1.30

Industry Tier

E

Profile

DRW is a forex scam website that was established in 2023. It claims to offer investment trading services in forex, commodity contracts for difference (CFDs), stock CFDs, futures CFDs, ETFs, and other assets. This broker does not provide services to jurisdictions where it may violate local laws or regulations.

Company Background and Regulatory Status:

According to information on its official website, DRW is associated with entities named DRW Holdings, LLC, and DRW INTERNATIONAL TRADING CO LTD, but the registration countries and addresses of these entities are not disclosed. DRW claims to be a member of various Japanese associations, including the Japan Securities Dealers Association (JSDA), Japan Financial Futures Association (FFAJ), Japan Commodity Futures Association (CFAJ), and Japan Type II Financial Instruments Business Association (T2FIFA). Additionally, DRW Holdings, LLC is claimed to be registered with the U.S. National Futures Association (NFA) under registration number 0558899, and DRW INTERNATIONAL TRADING CO LTD is said to be registered with the U.S. Financial Crimes Enforcement Network (FinCEN) under registration number 31000251040853.

DRW

However, upon verification, it was found that there are no companies named DRW Holdings, LLC and DRW INTERNATIONAL TRADING CO LTD in Japan, and they do not appear on the membership lists of the mentioned Japanese associations. DRW Holdings, LLC is registered as a non-member entity with the U.S. NFA and is not subject to NFA regulation. Although DRW INTERNATIONAL TRADING CO LTD is registered with FinCEN, this registration does not imply regulatory oversight of forex brokerage activities.

DRW

DRW

DRW

DRW's official website, https://www.drwcapital-jp.com/, was registered on September 16, 2023, and as of September 26, 2023, it has been registered for only 10 days.

DRW

Market Instruments:

DRW offers trading services in the following financial instruments:

  • Forex: Trading in the foreign exchange market, involving the exchange of different national currencies.
  • Commodity CFDs: Trading in contracts for difference based on various commodities, allowing for portfolio diversification.
  • Stock CFDs: Trading contracts for difference on stocks of different companies, enabling investors to profit from price fluctuations without owning the actual stocks.
  • Futures CFDs: Futures contracts specify the purchase or sale of assets at predetermined prices on specific future dates. Contracts for difference (CFDs) allow traders to speculate on price movements without owning the underlying assets.
  • ETFs: Exchange-traded funds represent a basket of assets (such as stocks, bonds, commodities, or other assets) traded on stock exchanges, allowing investors to buy and trade them like stocks.

DRW's official website does not provide information about account types, trading platforms, or customer support. Additionally, there is no available privacy policy, risk management, or related documentation on the website.

Summary:

DRW is a forex scam website that falsely claims to be associated with reputable Japanese and U.S. financial associations. It lacks effective regulation and should be avoided by investors when choosing a trading platform to protect their financial assets. As of now, DRW is marked as "suspicious of fraud" on Traderknows.

User Reviews

1.30

Rated by 0 people

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FAQ About DRW

01

What is DRW's official website?

A: DRW's official website is https://www.drwcapital-jp.com/

02

Is DRW a legitimate company, or is it a scam?

A: DRW is currently marked as Suspected Fraud on TraderKnows.

03

What is DRW?

A: DRW is a Forex, CFD, Broker company.

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USA
Market Categories
Forex | CFD
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