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DowMarkets

Marshall Islands|5-10 years|
High potential risk|

https://dowmarkets.com

Website

Rating Index

Influence

Influence

C

Influence index NO.1

Poland 5.84

Surpassed 95.84% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+692 +43720022601
support-en@dowmarkets.com
https://dowmarkets.com

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

Contact number

English

+692 +43720022601

English

+44 7418350408

Other ways of contact

Broker Information

More

Company Name

Update Ltd

Abbreviation

DowMarkets

Platform registered country and region

Marshall Islands

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-07-13
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

DowMarkets · WikiFX Survey

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DowMarkets · Company Summary

General Information

DowMarkets is an online forex broker registered in the Marshall Island, offering its clients a wide selection of trading instruments, five trading accounts available. Please note that the company behind this trading brand is not disclosed to all, and there is no evidence to show that this brokerage house is subject to any regulation.

General

Market Instruments

With DowMarkets, traders can have the opportunity to trade some mainstream trading assets in the markets, including indices trading, stocks trading, Currency Trading, Cryptocurrency Trading.

Account Types

DowMarkets provides its clients with five trading accounts to suit different traders trading needs and trading goals, namely Start, Silver, Gold, Platinum, and VIP accounts. The minimum initial deposit for each account ranges from $250 to $100,000. Five tiered accounts require a significantly different initial capital. To open a basic account type, that is the Start account, you need only fund at least $250 into your account, and opening an Silver account requires at least $3,000. While for other three accounts, traders need to inject at least $10,000, $50,000 and $100,000, respectively. Additional account features are displayed in the following screenshot:

Account

Welcome Bonus

DowMarkets offers a bonus plan to attract new investors, and specific amount varies depending on different trading types. With a Start account, you will get a welcome bonus, and the Silver account offers you bonus up to 40%, the Gold account up to 60%, the Platinum account up to 75%, and the VIP account up to 100%.

Spreads & Commissions

Specific spreads on particular instruments are not disclosed and it is determined by trading account you are holding. DowMarkets claims that the Start account offers basic spreads, Silver account with medium spreads, the Gold account with reduced spreads. VIP account holders can enjoy low spreads and Premium account holders can enjoy minimum spreads. Commission details are not mentioned yet.

Trading Platform Available

DowMarkets offers its clients an online platform called XCritical(Quant ROI Ltd) , featuring a use-friendly interface, suitable for traders of any trading levels and trading experience, no matter if you are a professional traders or just starting out.

Deposit & Withdrawal

DowMarkets works with a series of payment processors for its client to make a deposit and withdrawal, including the following:

  • MasterCard

  • Maestro

  • VISA

  • QIWI

  • Bitcoin

  • Webmoney

Customer Support

Traders with any inquiries and trading related issues can get in touch with DowMarkets customer support through the following contact channels:

Telephone: +43720022601

Email: support.en@dowmarkets.com

Online chat communication

Company Address: Prometheus LTD Ajeltake Road, Ajeltake Island, Majuro, Marshall Island MH96960.

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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.
2023-03-16 16:29
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