DowMarkets is a forex broker registered in the Marshall Islands in 2018, with its headquarters in Majuro. This broker primarily offers trading services in financial derivatives such as forex, stocks, bonds, cryptocurrencies, and commodities. It provides various types of trading accounts and supports multiple deposit and withdrawal methods.
Corporate Background
DowMarkets is a broker providing forex trading services, with the registering entity being Update Ltd, based in the Marshall Islands. According to information obtained from Whois queries, the domain name for DowMarkets' official website was registered on July 20, 2018.
Regulatory Information
There is no regulatory information associated with DowMarkets displayed on its official website.
Trading Products
DowMarkets offers a range of trading products, including forex, stocks, bonds, cryptocurrencies, and commodities.
- Forex Trading: DowMarkets allows investors to participate in the forex market, offering opportunities to trade various currency pairs. Investors can trade based on the price fluctuations of one currency against another.
- Stock Trading: DowMarkets enables users to trade a wide range of global stocks. Investors have the opportunity to trade stocks of various well-known companies.
- Bond Trading: DowMarkets offers bonds issued by governments, local governments, or corporations to raise funds. Investors who purchase bonds are essentially lending money to the bond issuer and expect to receive the principal amount plus agreed interest in return.
- Cryptocurrency Trading: DowMarkets offers any form of currency that exists digitally or virtually and uses cryptography to secure transactions, including Bitcoin, Litecoin, and other cryptocurrencies, allowing investors to participate in the market through trading these cryptocurrencies.
- Commodity Trading: Commodities, also known as goods or raw materials, are interchangeable goods and services typically used in production or consumption, consisting of energy, precious metals, agricultural and livestock products, allowing investors to engage in non-physical trading in the spot or derivatives markets.
Trading Software
DowMarkets provides investors with its proprietary platform: DowMarkets platform. It offers trading through Web platform, Windows, Apple Mac, Apple Store, and Google Play.
Account Registration
DowMarkets' official website provides a link for live account registration, with the following method:
First, open DowMarkets' official website and click "Sign up" at the top right corner of the homepage.
Follow the steps to fill in the information to complete the account registration.
Account Types
DowMarkets offers five different types of trading accounts: Start, Silver, Gold, Platinum, and VIP.
- Start: Minimum initial deposit from $250, only enjoy a welcome bonus, withdrawal time as per order.
- Silver: Minimum initial deposit from $3,000, with a bonus up to 40%, withdrawal time as per order.
- Gold: Minimum initial deposit from $10,000, with a bonus up to 60%, medium priority withdrawal speed.
- Platinum: Minimum initial deposit from $50,000, with a bonus up to 75%, expedited withdrawal.
- VIP: Minimum initial deposit from $100,000, with a bonus up to 100%, highest priority withdrawal speed.
These five trading accounts all support trading in currency pairs and cryptocurrencies, and can use the WEB platform.
Deposit and Withdrawal Methods
DowMarkets also offers a variety of deposit and withdrawal options, such as MasterCard, Maestro, VISA, QIWI, Bitcoin, and WebMoney. DowMarkets does not support third-party deposits. The minimum withdrawal amount is $50, and accounts with fewer than five individual transactions will incur an additional charge of 5% of the withdrawal amount.
Customer Support
This broker offers multilingual support including telephone support, email support, and online chat. Traders can contact the customer support team directly and immediately via the telephone number +447418350408. Investors can also send their questions or requests to support.en@dowmarkets.com. Moreover, the online chat feature on the DowMarkets website facilitates quick communication with the broker.
Summary
DowMarkets was registered in the Marshall Islands, and its official website does not display regulatory information about the broker. DowMarkets offers a variety of trading products, including forex, stocks, bonds, cryptocurrencies, and commodities. It advises traders to be fully educated about the market mechanisms before engaging in high-leverage trading, considering their investment objectives and risk tolerance carefully.
Currently, DowMarkets is marked as "Non-Regulation" on TraderKnows.
