Dow500 review – 5 things you should know about

Dow500 review – 5 things you should know about

Rating: 1.1

Beware! Dow500 is an offshore broker! Your investment may be at risk.


Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


Dow500 is a Forex brokerage registered in the Marshall Islands. The required minimum deposit is not disclosed, however, the leverage extended to traders is quite generous at 1:400 but the spread of 3 pips on EUR/USD is above what we would consider favorable.

Dow500 regulation & safety of funds

The corporate information shown on the website is a bit chaotic which is a worrisome sign from the start. We read that the brokerage is supposedly owned by a company registered in the Marshall Islands but without any elaborate clarification, only an address. Furthermore, the company that processes the payments is registered in Croatia with the name Credos d.o.o

As was said above, the corporate information is quite chaotic. This is definitely not the first brokerage we encounter that is supposedly operating out of the Marshall Islands. And no wonder since the Marshall Islands has become a top-destination for would-be scammers due to its very liberal laws regarding the registering of companies. The government does not even require for someone to be physically there in order to register a company. Such a loophole has surely been noticed by many ill-minded brokers and utilized. Nonetheless, it’s safe to assume that MCI Investments, irrespective of its legitimacy, does not fall under any regulatory oversight whatsoever because the government of the Marshall Islands does not include Forex trading within its regulatory framework.  All in all, there is definitely much unwanted risk in trading with Dow500

Traders needn’t have to worry themselves with such risk if they choose to trade with a brokerage regulated and authorized by a prestigious regulatory agency. Such agencies are the FCA in the UK or CySec in Cyprus which have been leading names in Forex trading for some time now. Their regulatory framework is composed of a number of strict rules which prevent clients from falling victims to fraud. Such rules include the segregation of accounts which assures that commingling with the client’s money is not possible. Furthermore, a license by such a regulatory body entails participation in a financial mechanism by which clients may be compensated if they suffer losses due to fraud or bankruptcy. The FCA provides up to 85 000 pounds per person, while CySEC guarantees up to 20 000 euros.

Dow500 trading software

The brokerage does provide the MetaTrader4 trading platform which we always consider a huge disadvantage since it is the foremost trading terminal at the moment equipped with features such as almost a 100 market indicators, as well as customizable trading robots. It is also the preferred choice for more than 80 percent of the traders in Forex.  We were able to register for a demo account and discern the trading conditions. We see an unfavorably high spread of 3 pips on EUR/USD and a wide range of trading options, however, the security concerns surrounding the brokerage renders the offer of Dow500 meaningless.

Dow500 deposit/withdrawal methods and fees

Potential clients of the brokerage may deposit or withdraw via the standard Visa and MasterCard, bank wire, as well as popular online payment gateways such as Yandex, WebMoney and QIWI. Skrill and Neteller are missing.

We did not find any stated withdrawal fees, however, we were unable to access the terms and conditions of the brokerage, but we do warn readers that there are usually withdrawal conditions pertaining to accounts that have taken advantage of the bonus promotion. A trader has to achieve a certain trading volume in order to be eligible for withdrawal which is purposefully excessive in order to impede any trader from actually receiving his money. Furthermore, when dealing with unregulated brokerage we may never be sure whether they wont charge unexpected fees once the clients have deposited their funds.

Trading with an unregulated brokerage is quite risky and this is why we always advise traders to put up only the required minimum deposit, instead of risking a bigger amount with no certainty. Afterwards, they may also try to withdraw a small amount in order to check for any unexpected fees or delays. Such fees and delays are usually the signs of a scammer.

How does the scam work?

Unfortunately, the possibility of a scam looms over almost every trade in Forex, especially if you are dealing with an unregulated brokerage. That is why we believe traders should be acquainted with the methods of a scam. Here is how it would typically go about:

Through clicking an ad with promises for fast money, you will be redirected to a website such as  Bitcoin Evolution or Crypto Cash where registration will require you to give your address, email and phone number. After sharing your personal information, you will being receiving calls from brokers, compelling you to invest with them and win big. After a few minutes hearing their pitches, you decide to deposit some $200-250. And just like that – the scammers take a fat commission from this initial deposit.

After they are done with you, senior scammers begin working you into putting even more money. They say it’s the only way to profit from trading even more. After making the mistake of investing even further, you’ll begin wanting to get out of this and withdraw what you have left.

Unfortunately, the con-artists have no such thing in mind. They will now begin persuading you to wait it out and not withdraw right now. The motive here is quite straightforward – traders have a limited time window for filing a chargeback with their bank and get their money back. The “recovery department” will simply want to mislead you into missing this crucial period and, along the way, losing any chance you might have of getting the money back.

What to do when scammed?

As was mentioned above, scamming is quite the common in the trading world and, sadly, even you might suffer from it. In such an unfortunate case there still may be some available options for you.

You may contact your bank or credit card provider and file a chargeback. Furthermore, due to the high instances of fraud – both Visa and MasterCard have decided to sidestep scammers as best they can in Forex trading. The first thing we have seen so far is that MasterCard has increased the previous time period of six months for filing a chargeback to a year and a half.

If, however, you have provided the broker with your credit card details, immediately cancel your credit card.

If you have given information regarding your online banking pass – you should switch it asap!

Beware of potential calls from self-described “recovery agencies”! They prey on scammed and vulnerable traders who are desperate to recover their losses. They will require an “up-front” payment to help you, but after paying them, no such help will be coming your way!

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US4.99/5$50 Click for a special offerWebsite
UK, Cyprus, Belize4.94/5$5 Click for a special offerWebsite
Australia, Cyprus4.93/5$100 Click for a special offerWebsite
Cyprus, SVG4.8/5$100 Click for a special offerWebsite


  1. Yes! Fnally something about Avocat Abbad.

  2. I really thankful to find this web site on bing, just
    what I was searching diet plan for weight loss 😀 besides bookmarked.

  3. I had a very bad experience with DOW500, they will coax you into investing more and more and we end up in disaster, I lost the whole amount of USD. 32,600 I had invested..
    Biggest fraud ever with even no direct contact (no land line, no WhatsApp number)

  4. Thank you! for such review. It made me decide not to register on DOW 500, for such inconsistency, and questionable regulation and safety of funds.
    Their senior manager is pushing me to input my mastercard right away to start the trading. Not an ethical marketing process. And even questions my local stocks participation, saying it just a small amount compared to their investments. If so, why need to recruit more investors???

  5. I had a very bad experience with DOW500, A pinch of fraudsters, they keep you under pressure and enticement to extract as much of your money as possible, then steal it and with all impudence blame you because you could not bring them more

Leave a Reply

Your email address will not be published. Required fields are marked *