SCAUnited Arab EmiratesTier 2Licence number
604020
View licence record- Licence holder
- Held by Daman Markets
- Licence type and regime
- Dealing in securities
Not checkedUpdated
At a glance
Regulation on record for Daman Markets
Counts of what is on record, not a rating. Each figure describes the register entries Wikilix holds and the checks it has run against them.
- Licences on record
- 2
- Issuing authorities
- 1
- From tier-1 or tier-2 authorities
- 2
- Found on an official register
- 0
Daman Markets has 2 licences on record with Wikilix, issued by one authority across one jurisdiction. 2 of them were issued by tier-1 or tier-2 authorities — the regimes with the strictest capital, reporting and client-money rules. None has yet been located on an issuing authority’s own register, so every entry here should be read as claimed rather than confirmed.
Issuing authorities
Jurisdictions
Licence record
Licences on record
Every licence on record for Daman Markets, strongest authority first.
2 records
- SCAUnited Arab EmiratesTier 2
- SCAUnited Arab EmiratesTier 2
Licence number
20200000043
View licence record- Licence holder
- Held by Daman Markets
- Licence type and regime
- Retail Forex License
Not checkedUpdated
Protection
What this licence protects
SCA's own rules for the firms it authorises.
- Compensation schemeDeposit Guarantee Scheme covers up to AED 100,000 per depositor
- Complaints routeSCA complaints
- Maximum leverage1:100
Frequently Asked Questions
Questions about the licences held by Daman Markets
Answered from the register entries on this page.
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.
Daman Markets has 2 licence records with Wikilix, issued by one authority across one jurisdiction. A licence on record means an authority published an entry; it is not an endorsement, and Wikilix does not issue authorisations.
Daman Markets holds licence records issued by SCA. Each authority’s own record — its tier, jurisdiction and client-protection rules — is linked from this page.
2 of the licence records held by Daman Markets come from tier-1 or tier-2 authorities (0 tier-1, 2 tier-2). Those regimes set the strictest capital, reporting and client-money requirements.
Not yet. None of the 2 licence records held by Daman Markets has been located on an issuing authority’s register, so each should be read as claimed rather than confirmed. Every record links to the official register so you can check it yourself.
Daman Markets has licence records in United Arab Emirates. A licence applies in the jurisdiction that issued it; it does not by itself cover clients elsewhere.