SCAUnited Arab EmiratesTier 2Licence number
20200000043
View licence record- Licence holder
- Held by Daman Securities
- Licence type and regime
- Financial Service
Not checkedUpdated
At a glance
Regulation on record for Daman Securities
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
- 1
- Issuing authorities
- 1
- From tier-1 or tier-2 authorities
- 1
- Found on an official register
- 0
Daman Securities has one licence on record with Wikilix, issued by one authority across one jurisdiction. One of them was issued by a tier-1 or tier-2 authority — 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 Securities, strongest authority first.
1 record
- SCAUnited Arab EmiratesTier 2
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 Securities
Answered from the register entries on this page.
Most Popular Questions
Daman Securities offers a maximum leverage of 500.
Yes, Daman Securities may require proof of source of funds and KYC verification, especially for bank transfers and cryptocurrency transactions. Withdrawals to credit/debit cards must be made to the original card used for deposits.
The minimum deposit amount at Daman Securities is 250 USD. Supported funding methods include bank transfer, credit/debit cards, e-wallets like Skrill and Neteller, and cryptocurrencies such as BTC, ETH, and USDT. Processing times vary from instant for cards and e-wallets to up to 24 hours for crypto withdrawals.
Daman Securities provides the MetaTrader 5 platform for both desktop and mobile devices. MetaTrader 5 is a multi-asset platform that supports trading in Forex, stocks, and futures with advanced analytics and algorithmic trading tools.
Daman Securities LLC is licensed by the Securities and Commodities Authority (SCA) in the United Arab Emirates, which is an onshore regulator. The broker operates under a financial service license and offers a deposit guarantee scheme covering up to AED 100,000 per depositor. However, it is classified as having medium transparency and is not government regulated.
Daman Securities has one licence record 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 Securities holds licence records issued by SCA. Each authority’s own record — its tier, jurisdiction and client-protection rules — is linked from this page.
One of the licence records held by Daman Securities comes from tier-1 or tier-2 authorities (0 tier-1, 1 tier-2). Those regimes set the strictest capital, reporting and client-money requirements.
Not yet. None of the one licence record held by Daman Securities 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 Securities has licence records in United Arab Emirates. A licence applies in the jurisdiction that issued it; it does not by itself cover clients elsewhere.