Home -
DowMarkets -

Score

1.52 /10
Danger

DowMarkets

Marshall Islands

5-10 years

Suspicious Regulatory License

High potential risk

https://dowmarkets.com

Influence

C

Add brokers

Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.05

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
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

open now

Regulatory disclosure

Danger

PL KNF
2024-09-02
Notification of suspected criminal offence punishable under Article 178 of the Act on trading in financial instruments (engaging in activities in the field of trading in financial instruments without the required authorisation or power of attorney)
DowMarkets

Broker Information

More

Company Name

Update Ltd

Company Abbreviation

DowMarkets

Platform registered country and region

Marshall Islands

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2025-01-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Exposure

1 pieces of exposure in total
Pyramid scheme complaint
Expose
Data Source WikiFX Data provide
Updated: 2025-01-23
DowMarkets · Company summary
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.

User Reviews

More

User comment

1

Comments

Write a review

HW～杨景
more than one year
The DowMarkets website looks simple, but it does not lack the necessary information like instruments and trading conditions. After looking up various information about this company, I think it would be dangerous to trade forex here because it does not seem to have any regulatory licenses, so it might be a scammer.
The DowMarkets website looks simple, but it does not lack the necessary information like instruments and trading conditions. After looking up various information about this company, I think it would be dangerous to trade forex here because it does not seem to have any regulatory licenses, so it might be a scammer.
Translate to English
2023-03-16 16:29
Reply
0
0
1