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DRW Review
DRW is a private Chicago trading firm that trades only its own money across many markets. It does not open retail accounts for everyday traders.
Min Deposit
N/A
Spreads From
Not applicable
Max Leverage
Not applicable
Platforms
N/A
Pros
- DRW has operated since 1992 and now employs about 2,000 people worldwide
- DRW Securities has been registered with the SEC and FINRA since 1998
- Its UK arm, DRW Investments, has been authorised by the FCA since 2001
- DRW won its 2018 US court case against the CFTC over swap pricing claims
Cons
- DRW is not a retail broker, so ordinary members of the public cannot open an account
- The SEC sued its Cumberland crypto unit in 2024 over unregistered securities sales
- There is no listed minimum deposit, spread, or leverage for outside traders
- It offers no public trading platform, app, or client dashboard of any kind
DRW started in 1992 when Don Wilson began trading Eurodollar options on the floor of the Chicago Mercantile Exchange. He built the firm around his own initials. DRW is now a large private trading firm with about 2,000 staff and offices in Chicago, London, Amsterdam, Singapore, and other cities.
DRW trades its own capital, not client money, across fixed income, equities, energy, commodities, and crypto assets. Its crypto unit is called Cumberland. DRW is not a retail forex or CFD broker. It has no sign up page, no listed minimum deposit, and no trading app, because the public cannot open an account with it.
DRW Securities, its US broker dealer arm, has been SEC registered since 1998. Its London arm, DRW Investments UK, has been FCA authorised since 2001. A US court threw out a CFTC case against DRW in 2018 over swap pricing. In 2024, the SEC sued its Cumberland crypto unit, then dropped the case in 2025.
Max Leverage
Not applicable
Spreads From
Not applicable
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
