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Dowmarkets

Operating status: Unregulated
Website: https://dowmarkets.com/
High-Risk Active
Broker violations and abnormal records
  • Jul 19, 2023 BrokersView has Reviewed that Dowmarkets is an Unregulated Broker

    According to its website，Dowmarkets is located in The Republic of the Marshall Islands.However there is no matching information was found in the LRI.

    The truth is that Dowmarkets  is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.


    According to its website，Dowmarkets is located in The Republic of the Marshall Islands.However there is no matching information was found in the LRI.

    The truth is that Dowmarkets  is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
  • Aug 14, 2025 BrokersView has found that Dowmarkets appears to be a scam

    Dowmarkets does not disclose any regulatory information on its website and only claims to operate under Update Ltd, registered in the Republic of the Marshall Islands. While the company’s registration with the Marshall Islands Registry (IRI) has been verified, the IRI is not a government body or financial regulator and does not license or supervise forex activities, meaning such registration does not authorize financial services. We have found no evidence of regulation by any recognized authority, leaving investors with no protection, transparency, or recourse. Trading with Dowmarkets carries substantial risk, and the broker should be considered a potential scam.

    Dowmarkets does not disclose any regulatory information on its website and only claims to operate under Update Ltd, registered in the Republic of the Marshall Islands. While the company’s registration with the Marshall Islands Registry (IRI) has been verified, the IRI is not a government body or financial regulator and does not license or supervise forex activities, meaning such registration does not authorize financial services. We have found no evidence of regulation by any recognized authority, leaving investors with no protection, transparency, or recourse. Trading with Dowmarkets carries substantial risk, and the broker should be considered a potential scam.

Related Complaints

Q&A

Is Dowmarkets regulated? wanna try their start account.

Evgeniya
Mexico
Aug 15, 2025
ANSWER Dear Investor, We would like to advise that Dowmarkets appears to operate without any legitimate regulatory oversight. The firm does not display any regulatory information on its website and only states that it operates under the company name Update Ltd, registered in the Republic of the Marshall Islands. While we have verified the company’s registration with the Marshall Islands Registry (IRI), it is important to note that the IRI is neither a government agency nor a financial regulator, and it does not provide licensing or supervision for foreign exchange activities. Registration with IRI does not equate to authority to offer financial services. Furthermore, we have found no evidence of regulation by any recognized regulator. Operating without proper oversight significantly increases the risks to investors, including lack of fund protection, transparency, and recourse in case of disputes. Given these concerns, we strongly advise against depositing funds with Dowmarkets. Always conduct thorough due diligence before engaging with any investment platform.
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How long does it take to credit my account after withdrawl?

Eugene
Latvia
Jul 28, 2023
ANSWER 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.
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