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No Regulation
Score
1.24 /10
Danger
Damu
1-2 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Influence
D
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index4.91
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
2
Previous Detection :
2025-09-24
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| DamuReview Summary | |
| Founded | 2025 |
| Registered Country/Region | Marshall Islands |
| Regulation | No regulation |
| Market Instruments | Commodities, stocks, indices, forex, metals |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 0.7 pips |
| Trading Platform | MT5 |
| Minimum Deposit | $1 |
| Customer Support | Live chat |
| 24/7 customer support | |
| Social media: Facebook, Instagram, Youtube, Telegram | |
| Regional Restrictions | Canada, USA, North Korea and Turkey clients are not allowed |
Damu Information
Damu is an unregulated broker, offering trading on commodities, stocks, indices, forex and metals with leverage up to 1:500 and spread from 0.7 pips on MT5 trading platform. The minimum deposit requirement is $1.
Pros and Cons
| Pros | Cons |
| Diverse trading products | No regulation |
| With demo account | Regional restriction |
| Four account types | |
| MT5 platform supported | |
| Low minimum deposit of $1 |
Is Damu Legit?
No. Damu currently has no valid regulations. Please be aware of the risk!
What Can I Trade on Damu?
Damu offers trading on commodities, stocks, indices, forex and metals.
| Tradable Instruments | Supported |
| Commodities | ✔ |
| Stocks | ✔ |
| Indices | ✔ |
| Forex | ✔ |
| Metals | ✔ |
| Cryptos | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
Account Type
Here are four account types Damu offers:
| Account Type | Minimum Deposit |
| Standrad | $1 |
| Fit | $2000 |
| Crypto | $100 |
| Stock | $100 |
Leverage
Damu offers maximum leverage at 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital.
Damu Fees
Damu requires no commission for Standard Accounts, and the spread is from 0.7 pips.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | PC, web, mobile | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
Damu accepts payments via VISA, Mastercard, crypto and Perfect money. The minimum withdrawal amount is $50.
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