DAMAS GROUP Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-11 18:05

Abstract：Founded in 2024, DAMAS GROUP is an unregulated broker based in Canada, offering trading in stocks, futures, currencies, metals, and CFDs with leverage up to 1:400 and the minimum deposit is just $10.

　　Note: The official website - https://www.diamond-way.net/ is inaccessible, so the relevant information is incomplete. We will do our best to collect some information about it.

DAMAS GROUPReview Summary
Founded	2024
Registered Country/Region	Canada
Regulation	No regulation
Market Instruments	Stocks, futures, currencies, metals, CFDs, etc.
Demo Account	/
Leverage	Up to 1:400
Spread	/
Trading Platform	MT5
Min Deposit	$10
Customer Support	Tel: +1 604.484.2826
	Email: info@diamond-way.net
	Company address: 555 Burrard Street Suite 15-105, Vancouver, BC, Canada V7X 1M8

　　Founded in 2024, DAMAS GROUP is an unregulated broker based in Canada, offering trading in stocks, futures, currencies, metals, and CFDs with leverage up to 1:400 and the minimum deposit is just $10.

Pros and Cons

Pros	Cons
Various tradable assets	Inaccessible website
MT5 support	No regulation
Low minimum deposit	Lack of transparency
Popular payment options

Is DAMAS GROUP Legit?

　　No, DAMAS GROUP has no valid regulations. Please be aware of the risk!

What Can I Trade on DAMAS GROUP?

Tradable Instruments	Supported
Stocks	✔
Futures	✔
Currencies	✔
Metals	✔
CFDs	✔
Indices	❌
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Leverage

　　DAMAS GROUP's leverage is up to 1:400. Leverage magnifies the returns from favorable movements in a currency's exchange rate. It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.