DowMarkets foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://dowmarkets.com/registration, about the company's legal and temporary regulatory information, the company's address Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Island MH96960.
DowMarkets Forex Broker
Basic information
Marshall Islands
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
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.
Pros and Cons
| Pros | Cons |
| Various trading products | Inaccessible website |
| Demo accounts | No regulation |
| Multiple account types | Wide spreads |
| Popular payment options | Dormant account fee charged |
| Live chat support | No 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!
What Can I Trade on DowMarkets?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Metals | ✔ |
| Crypto coins | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
| Account Type | Min Deposit |
| Start | $250 |
| Silver | $3,000 |
| Gold | $10,000 |
| Platinum | $50,000 |
| VIP | $100,000 |
Leverage
The broker offers maximum leverage of 1:200. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.
DowMarkets Fees
Trading Fees
The spread for the Start Account is fixed at 2 pips.
Non-Trading Fees
The dormant account fee of 5%, no less than 25$, will be deducted each month after 90 days of inactivity.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Proprietary platform | ✔ | Web, Desktop, Mobile | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit 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.
Rating Index
VIP
Platinum
DowMarkets Similarly Rated Brokers
Latest Reviews
FX4316190662
Mexico
My money that I put in ($10) disappeared in a matter of minutes after doing the operations and they say that it was not their false. What they do is damage everything and steal from me, please help me
Exposure
2022-03-16
HW～杨景
Australia
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.
Positive
2023-03-16