Dow500 is an unregulated provider of online trading services, offering a selection of financial instruments via the intuitive MetaTrader 4 trading platforms for multiple devices.
Dow500 Review, Pros & Cons
- MetaTrader 4 trading platform
- Multiple trading instruments
- Flexible account options
- Unregulated broker
- No telephone number
- No live chat support
- No USA clients
- High spreads
In this detailed Dow500 review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Launched in 2018, Dow500 is an online trading broker that gives traders access to trade over 200 different forex currency pairs, commodities, stocks, indices, and CFDs via the sophisticated MetaTrader 4 trading platform along with a range of useful trading tools.
Dow500 is a trading name of Turbo Trading Limited, a company registered in the Republic of Vanuatu. The broker claims to adhere strictly to European regulations. Most experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
Dow500 allows traders from different parts of the globe to open a trading account with them if their countries of residence permit online trading with international brokers. This excludes traders located in the United States.
Some Dow500 features and products mentioned within this Dow500 review may not be available to traders from specific countries due to legal restrictions.
The broker provides traders with the popular MetaTrader 4 trading platform. It is one of the world’s leading forex and CFD trading platforms, and it offers flexibility, scalability, and advanced technical and analytical tools, along with automated trading capabilities. MT4 is available as a desktop application, a web version, and a mobile app for Android and iOS devices. The mobile app can be downloaded from the relevant app stores at no cost to the user.
Dow500 Trading Tools
Clients get access to interactive charts, technical indicators, and algorithmic trading tools, in addition to the MT5 built-in tools.
Dow500 provides traders with a wealth of educational materials, including valuable market research, live streaming data, and in-depth analysis, which help to improve traders’ skills and knowledge.
The broker allows traders to select from over 200 tradable instruments, including multiple forex currency pairs, stocks, commodities, and indices.
Dow500 Accounts & Fees
Dow500 offers clients a choice of different account types to choose from. They include Basic, Advanced, Professional, and Premium Accounts. All the accounts offer a range of useful trading features, including access to a personal account manager, MT4 platform, 24/7 customer support, and news. However, the Professional and Premium Accounts have additional exclusive features, such as market analysis, automated trading signals, and more. Demo accounts are also available for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this Dow500 review. It is imperative to ensure that you check and understand all of the latest information before you open a Dow500 broker account for online trading.
The broker has a customer service team that can be reached via Email only. There is no telephone number provided or online live chat function.
Dow500 Deposit & Withdrawal
Dow500 accepts a wide range of account funding and withdrawal methods, such as:
- eWallets — such as Yandex, Webmoney, and QIWI.
- Credit/Debit Cards — including Visa, MasterCard, and Maestro.
- Fast bank transfer
- Wire transfer
The time it takes for transactions to be processed and charge is dependent on the payment provider or method.
Dow500 Account Opening
Creating a trading account with the broker is straightforward; simply click on the ’Start Trading’ button on the broker’s website and fill out the form appropriately. Next, tick the box if you agree to the terms and conditions and click submit. It is imperative to ensure that when you are going through a broker application, you clearly read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them. You can fund your account and start trading online when you are ready to do so.
Dow500 is a trading broker that offers online trading of multiple tradable assets via the MT4 platform. There are trading tools, educational resources, and multiple account options available to clients. However, the broker is unregulated and therefore cannot offer investors the same protections that a regulated broker can.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A big percentage of investors lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.