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Daman Markets logo

Daman Markets

Regulated
United Arab Emirates
,
Since 1998
Last Updated:
32/100
Overall Score

Trading Conditions

Min Deposit:
USD250
Max Leverage:
500
Account Types
ClassicPro

User Reviews

—
Total Reviews
—
This Month
—
Avg Rating

Funding Methods

5 methods

Visa

credit card
Instant
Fee:
Free
Fee:
Free

MasterCard

credit card
Instant
Fee:
Free
Fee:
Free

Bank Transfer

bank transfer
3 days
Fee:
Free
Fee:
Free

Neteller

e wallet
Instant
Fee:
Free
Fee:
Free

Skrill

e wallet
Instant
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 6%, 2: License 46%, 3: Software 50%, 4: Spread 0%, 5: Account Type 24%, 6: Symbol 0%
Regulation
6%Poor
License
46%Poor
Software
50%Fair
Spread
0%Poor
Account Type
24%Poor
Symbol
0%Poor

Regulatory Licenses

Regulatory Licenses:
Tier 2
United Arab Emirates flag
Retail Forex License
Regulated
SCA | United Arab Emirates
Regulatory Licenses:
Tier 2
United Arab Emirates flag
Dealing in securities
Regulated
SCA | United Arab Emirates

Company Information

Full Name:Daman Securities LLC
Founded:1998
Headquarters:United Arab Emirates
Enterprise Offices:N/A

Customer Support

Phone:
—
Live Chat:
business_hours
Response Time:
—
Languages:
English
Scroll Down
Website archive
Captured

Website snapshots

7 full-page captures of Daman Markets's own site, archived so what they said can still be read after the pages change.

7 pages
Homepage
About Daman Securities
Privacy Policy
CFDs & FX
Daman Investment Group
Board Members
Our Leadership
Captured by Wikilix from the broker's live site. Open any shot to read it full size.
Regulation check

Regulatory Licenses

Daman Markets is listed with a tier-1 or tier-2 licence that we have not yet checked against the regulator's register. An unchecked licence is not a finding either way.

0 of 2 checked
Licences on record
2
Confirmed on register
0
Tier 1 or 2
2
Offshore
0

WIKILIX

Licence intelligence

The strongest of 2 licences on file

Licence Verification Record

Securities and Commodities Authority 20200000043

Recorded from the firm's own disclosure. Not yet checked against the register.

Jurisdiction
United Arab Emirates
Authority strength
Tier 2
Licence type
Retail Forex License
Not yet checked on the register

Client protection under this licence

  • Compensation schemeDeposit Guarantee Scheme covers up to AED 100,000 per depositor
  • Complaints routeSCA complaints
  • Maximum leverage1:100

These are the rules SCA sets for the firms it licenses. They are not a statement about how Daman Markets applies them, or about which of its companies would hold your account.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

Open the SCA licence recordAbout SCA

Tier 1 and 2 authorities

1 licence
Trading accounts
Updated

Account Types

2 account types on record. Minimum deposit from USD 250. Leverage up to 1:500.

2 account types
AccountMin DepositLeverageCommission
ClassicStandardUSD 2501:5000
ProVIPUSD 20,0001:100From $17 per mil USD
Account names and conditions as published by Daman Markets, recorded by Wikilix.
Deposits & withdrawals

Funding Methods

5 ways to fund an account. 4 credit instantly.

5 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
VisaCredit Card1Not recordedNot recordedUSD 50USD 10Not recordedInstant
MasterCardCredit Card1Not recordedNot recordedUSD 50USD 10Not recordedInstant
Bank TransferBank Transfer1Not recordedNot recordedUSD 100USD 100Not recorded3 days
NetellerE-Wallet1Not recordedNot recordedUSD 10USD 10Not recordedInstant
SkrillE-Wallet1Not recordedNot recordedUSD 10USD 10Not recordedInstant

Broker's notes on these methods

  1. Minimum deposit $250 for DM Classic account; no deposit fees charged by broker; third-party fees possible; withdrawals generally no fees except crypto. · applies to 5 methods
Fees, limits and processing times as published by Daman Markets, recorded by Wikilix.
Trading software

Trading Platforms

One trading platform on record: MetaTrader 5.

1 platform
  • MetaTrader 5 logo

    MetaTrader 5

    by MetaQuotes Software Corpsince 2010Developer site

    MetaTrader 5 (MT5) is a next-generation multi-asset platform for trading Forex, stocks, and futures, with advanced analytics, faster execution, and powerful algorithmic trading tools.

    Runs on

    • Windows
    • Mac
    • Linux
    • Web
    • Android
    • iOS
    • API
    Details
Platforms and download links as published by the broker, recorded by Wikilix.
Websites

Global Domains

One domain on record. All active and served over HTTPS.

1 domain
  • damanmarkets.comListed domainActiveHTTPS
Domains recorded by Wikilix. Only a domain listed here is known to belong to this broker.
Social channels

Social Presence

3 official channels on record.

3 channels
Channels as published by the broker, recorded by Wikilix.
Frequently Asked Questions

Frequently Asked Questions

Common questions about Daman Markets

Most Popular Questions
According to WIKILIX data, Daman Markets offers a maximum leverage of up to 500:1. This leverage level applies to their trading accounts, but specific leverage conditions may depend on the instrument and regulatory rules.
Withdrawals are generally free except for crypto withdrawals, which incur a 0.60% fee. Other withdrawal methods do not explicitly mention fees, but third-party charges may apply.
The minimum deposit amount for Daman Markets' DM Classic account is 250 USD. Deposits via Visa, MasterCard, bank transfer, Neteller, and Skrill are supported with no deposit fees charged by the broker, though third-party fees may apply.
Daman Markets provides access to the MetaTrader 5 platform, which is available on desktop, mobile, and web trader versions. MetaTrader 5 supports multiple asset classes including forex, stocks, and futures with advanced analytics and algorithmic trading tools.
Daman Markets is regulated by the Securities and Commodities Authority (SCA) of the United Arab Emirates. It holds a retail forex license and a dealing in securities license, both onshore. Client funds are protected under a Deposit Guarantee Scheme covering up to AED 100,000 per depositor.
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