Company Information

Get to know Drax

Drax Group is a major player in the UK's energy sector, having transformed the UK's largest power station from using coal to using sustainable biomass. The company's core business involves generating renewable electricity, with operations spanning biomass sourcing and production in North America to power generation in the UK. Drax's stated mission is to enable a zero-carbon, lower-cost energy future. A key strategic focus for the company is pioneering Bioenergy with Carbon Capture and Storage (BECCS), a technology intended to create carbon-negative power generation. In addition to generation, Drax provides a range of energy services to business customers.

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Financial Wealth Management

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Drax

United Kingdom

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.