DowMarkets Forex Broker

DowMarkets Review SummaryFounded2018Registered Country/RegionMarshall IslandsRegulationNo regulationMarket InstrumentsForex, commodities, stocks, indices, metals, crypto coinsDemo Account✅LeverageUp to 1:200SpreadFixed at 2 pipsTrading PlatformProprietary platformMin Deposit$250Customer SupportLive chatTel: +692 +43720022601+44 7418350408Email: support-en@dowmarkets.comsupport.de@dowmarkets.comsupport.ru@dowmarkets.comsupport.en@dowmarkets.comAddress: Prometheus LTD Ajeltake Road, Ajeltake Island, Majuro, Marshall Island MH96960DowMarkets 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.Pros and ConsPros Cons Various trading productsInaccessible websiteDemo accountsNo regulationMultiple account typesWide spreadsPopular payment optionsDormant account fee chargedLive chat supportNo MT4/5High minimum deposit requirementWithdrawal fee chargedIs DowMarkets Legit? No. DowMarkets currently has no valid regulations. Please be aware of the risk!What Can I Trade on DowMarkets?Tradable Instruments Supported Forex ✔Commodities✔Indices ✔Stocks ✔Metals ✔Crypto coins ✔Bonds❌Options❌ETFs❌Account TypeAccount TypeMin DepositStart $250Silver $3,000Gold $10,000Platinum $50,000VIP$100,000Leverage The broker offers maximum leverage of 1:200. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.DowMarkets Fees Trading Fees The spread for the Start Account is fixed at 2 pips. Non-Trading Fees The dormant account fee of 5%, no less than 25$, will be deducted each month after 90 days of inactivity.Trading PlatformTrading PlatformSupported Available Devices Suitable for Proprietary platform✔Web, Desktop, Mobile/MT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal The broker accepts payments via Visa, MasterCard, Zotapay, a range of crypto wallets, Cardpay, e-Payouts, and CEX.IO. 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.