Daman Securities-2041269547

WikiFX | 2025-05-27 18:22

Abstract：　　Daman Securities is an unregulated broker, which founded in United Arab Emirates, 2014, offering trading on forex, commodities, CFDs, indices, cryptos, stocks and metals with leverage up to 1:100 and spread from 1.2 pips on the web-based and MT5 trading platform. The minimum deposit requirement is $250. Besides, residents of Afghanistan, Central African Republic, Congo, Haiti, Iraq, Iran, Kenya, Lebanon, Libya, Mali, Myanmar, North Korea (DPRK), Russia, Somalia, Sudan, South Sudan, Syria, Venezuela and Yemen are not allowed.

Daman Securities Review Summary
Founded	2014
Registered Country/Region	United Arab Emirates
Regulation	No regulation
Market Instruments	Forex, commodities, CFDs, indices, metals, cryptos, stocks
Demo Account	❌
Leverage	Up to 1:500
Spread	From 1.2 pips (DM classic account)
Trading Platform	Daman Securities's own online web-based trading, mobile trading, Daman Pro trading, MT5
Minimum Deposit	$250
Customer Support	24/5 support, contact form
	Tel: +97144080300
	Email: csds@daman.ae
	Address: Suite 14 Dubai World Trade Center, P.O. Box 9436. Sheikh Zayed Road, Dubai, United Arab Emirates
	Facebook, X, Instagram, LinkedIn, YouTube
Regional Restrictions	Residents of Afghanistan, Central African Republic, Congo, Haiti, Iraq, Iran, Kenya, Lebanon, Libya, Mali, Myanmar, North Korea (DPRK), Russia, Somalia, Sudan, South Sudan, Syria, Venezuela, Yemen

Daman Securities Information

Daman Securities is an unregulated broker, which founded in United Arab Emirates, 2014, offering trading on forex, commodities, CFDs, indices, cryptos, stocks and metals with leverage up to 1:100 and spread from 1.2 pips on the web-based and MT5 trading platform. The minimum deposit requirement is $250. Besides, residents of Afghanistan, Central African Republic, Congo, Haiti, Iraq, Iran, Kenya, Lebanon, Libya, Mali, Myanmar, North Korea (DPRK), Russia, Somalia, Sudan, South Sudan, Syria, Venezuela and Yemen are not allowed.

Pros and Cons

Pros	Cons
Long operation time	Lack of regulation
Various contact channels	No demo accounts
Various trading products	No MT4 platform
MT5 platform	Regional restrictions
	High minimum deposit requirement
	Commission fees charged
	Limited account choices

Is Daman Securities Legit?

No. Daman Securities currently has no valid regulations. Please be aware of the risk! Besides, its domain status shows that client transferring is prohibited.

What Can I Trade on Daman Securities?

Daman Securities provides a wide range of trading products such as forex, commodities (such as gold, silver, and copper), CFDs, indices, cryptos, stocks and metals.

Tradable Instruments	Supported
Forex	✔
CFDs	✔
Commodities	✔
Metals	✔
Indices	✔
Stocks	✔
Cryptos	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

Account Type	Minimum Deposit
DM classic	$250
DM pro	$20,000

Leverage

Account Type	Maximum Leverage
DM classic	1:500
DM pro	1:100

Daman Securities Fees

Account Type	Spread	Commission
DM classic	From 1.2 pips	❌
DM pro	From 0 pips	✔

Non-Trading Fees

Daman Securities does not apply for any deposit fees.

Swap Rates

Account Type	Swap free
DM classic	Upon request
DM pro	No

Trading Platform

Daman Securities uses its own trading platforms which are available in web, PC, and mobile devices, and it also supports commonly used MT5.

Trading Platform	Supported	Available Devices	Suitable for
Online Web-Based Trading	✔	Online web trader, PC	/
Mobile Trading	✔	Mobile	/
Daman Pro Trading	✔	PC, web	/
MT5	✔	PC, mobile, web	Experienced traders
MT4	❌	/	Beginners