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Although it is registered with the Marshall Islands Registry (IRI), Dowmarkets, a forex broker, remains unsupervised by any regulatory body. As such, we strongly suggest you steer clear of this platform whose offering of investment services/products is in the absence of the required authorization.
Despite us having located a firm called Update Ltd on the IRI register, the firm Dowmarkets claims it belongs to, it is crucial to note the IRI only a privately held registrar of companies and it has no authority to issue licenses for forex trading and brokerage. Therefore, Dowmarkets falls outside the regulatory framework.
In conclusion, due to the unlicensed status, Dowmarkets comes with significant risks, such as financial losses and identity theft, as there are no rules in place to protect investors from fraud or theft. Therefore, we highly recommend avoiding unlicensed brokers like Dowmarkets and instead choosing a fully regulated one.
FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.