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DowMarkets Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-01-03 18:05

Abstract:Founded in 2018, DowMarkets is an unregulated broker registered in Marshall Islands, offering trading on forex, commodities, stocks, indices, metals and crypto coins with leverage up to 1:200 and spread fixed at 2 pips via its proprietary trading platform. Demo accounts are available and the minimum deposit requirement to open a live account is as high as $250.

DowMarkets Review Summary
Founded2018
Registered Country/RegionMarshall Islands
RegulationNo regulation
Market InstrumentsForex, commodities, stocks, indices, metals, crypto coins
Demo Account✅
LeverageUp to 1:200
SpreadFixed at 2 pips
Trading PlatformProprietary platform
Min Deposit$250
Customer SupportLive chat
Tel: +692 +43720022601
+44 7418350408
Email: support-en@dowmarkets.com
support.de@dowmarkets.com
support.ru@dowmarkets.com
support.en@dowmarkets.com
Address: Prometheus LTD Ajeltake Road, Ajeltake Island, Majuro, Marshall Island MH96960

DowMarkets Information

  Founded in 2018, DowMarkets is an unregulated broker registered in Marshall Islands, offering trading on forex, commodities, stocks, indices, metals and crypto coins with leverage up to 1:200 and spread fixed at 2 pips via its proprietary trading platform. Demo accounts are available and the minimum deposit requirement to open a live account is as high as $250.

DowMarkets' homepage

Pros and Cons

Pros Cons
Various trading productsInaccessible website
Demo accountsNo regulation
Multiple account typesWide spreads
Popular payment optionsDormant account fee charged
Live chat supportNo MT4/5
High minimum deposit requirement
Withdrawal fee charged

Is DowMarkets Legit?

  No. DowMarkets currently has no valid regulations. Please be aware of the risk!

Domain information

What Can I Trade on DowMarkets?

Tradable Instruments Supported
Forex ✔
Commodities✔
Indices ✔
Stocks ✔
Metals ✔
Crypto coins ✔
Bonds❌
Options❌
ETFs❌

Account Type

Account TypeMin Deposit
Start $250
Silver $3,000
Gold $10,000
Platinum $50,000
VIP$100,000
Account comparison 1
Account comparison 2

Leverage

  The broker offers maximum leverage of 1:200. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

DowMarkets Fees

  Trading Fees

  The spread for the Start Account is fixed at 2 pips.

  Non-Trading Fees

  The dormant account fee of 5%, no less than 25$, will be deducted each month after 90 days of inactivity.

Dormant account fee

Trading Platform

Trading PlatformSupported Available Devices Suitable for
Proprietary platform✔Web, Desktop, Mobile/
MT4❌/Beginners
MT5❌/Experienced traders
Proprietary platform

Deposit and Withdrawal

  The broker accepts payments via Visa, MasterCard, Zotapay, a range of crypto wallets, Cardpay, e-Payouts, and CEX.IO.

Payment icons

  The minimum withdrawal amount is $50. If less than 5 trades are made prior to the withdrawal, an additional 5% charge shall be levied from an account.

Related broker

No Regulation
DowMarkets
Company name:Update Ltd
Score
1.54
Website:https://dowmarkets.com
5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.54

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