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Dana logo

Dana

No Regulation
Montenegro
,
Since 2005
Last Updated:
0/100
Overall Score

Trading Conditions

Min Deposit:
N/A
Max Leverage:
1
Account Types
Standard Account

User Reviews

—
Total Reviews
—
This Month
—
Avg Rating

Funding Methods

8 methods

Bank Transfer

bank transfer
Instant
Fee:
Free
Fee:
Free

Cryptocurrency (USDT, BTC, TRON)

crypto
Instant
Fee:
Free
Fee:
10.0%

Credit/Debit Cards

credit card
Instant
Fee:
Free
Fee:
Free

E-wallets (Skrill, Neteller)

e wallet
Instant
Fee:
Free
Fee:
Free

Apple Pay and Google Pay

e wallet
Instant
Fee:
Free
Fee:
Free

SWIFT Bank Transfer

bank transfer
3 days
Fee:
Free
Fee:
$35

SEPA Bank Transfer

bank transfer
1 days
Fee:
Free
Fee:
€5

Visa/MasterCard

credit card
Instant
Fee:
2.5%
Fee:
1.5%

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 0%, 2: License 0%, 3: Software 0%, 4: Spread 0%, 5: Account Type 0%, 6: Symbol 0%
Regulation
0%Poor
License
0%Poor
Software
0%Poor
Spread
0%Poor
Account Type
0%Poor
Symbol
0%Poor
No regulation
Your deposit is not protected by any financial authority.
What this means

Company Information

Full Name:Dana Brokerage Co.
Founded:2005
Headquarters:Montenegro
Enterprise Offices:N/A

Customer Support

Phone:
+962 02178301000
Live Chat:
business_hours
Response Time:
—
Languages:
English
Scroll Down
Editorial review
Updated

Broker Summary

What Wikilix has recorded about Dana: its history, the licences it holds, its trading conditions and its fees.

INTRODUCTION

Within the ever-changing landscape of financial trading, choosing an appropriate trading brokerage is essential for traders, whether they are beginners or professionals. This report speaks about Dana, which acts as a trading brokerage firm and provides investment services for traders who wish to engage in financial trading activities. Although there isn’t extensive public data available on the firm, this report aims to provide an overview of the firm on the basis of available data.

Background and History

Dana Brokerage Co. (short for “Dana”) is an Iran-based brokerage firm founded in 2005, providing clients access to the currency and stock markets.

Still, in spite of this, brokerages such as Dana do concern themselves with maximizing customer numbers via optimal trading terms and customer service, which will be covered in the following sections.

Critical Characteristics/Features & Offerings

Although there are few details available concerning Dana’s product offering and services, brokers of this category are known to provide access to different types of financial instruments such as forex, commodities, indices, and possibly cryptocurrencies. Dana is expected to provide a platform through which it is possible to trade such assets.

Furthermore, brokers may also differentiate by educational tools and support. Nevertheless, due to a lack of information available, it is difficult to tell what exactly Dana highlights.

Regulatory Compliance & Licensing

Being regulated plays an important role in selecting a broker, within which the regulation helps ensure strict adherence to financial regulations, in turn safeguarding customers. Unfortunately, Dana has very little publicly available information about its regulation statuses.

As traders, without regulatory qualifications, it would be wise to exercise diligence before proceeding to deal with Dana.

Regulator

License Number

Status

Information Scarcity Problem

Market Making - Market Making in Online Trading - Market

Factors for trading, such as spreads, leverage, and minimum initial deposits, are significant to assess the competitiveness of the brokerage. Regrettable, the specific information regarding the trading conditions for Dana cannot be readily acquired.

Equally important is that information regarding the trading platforms that support trading with Dana—a software program or platforms such as MetaTrader—is also not provided. Such aspects would have a great bearing on trading.

Trading Condition

Details

Spreads

Not much available

Leverage

No data available

Minimum Deposit

Few details known

Trading Platforms

Limited information available

Fee Structure

The fee structure is an important area of consideration for a trader in order to be able to control costs. These include fees both for depositing as well as withdrawing money, commissions, as well as any additional costs. Unfortunately, the information about the fee structure of Dana has not been shared in the publicly available domain.

Without fee transparency, potential clients are advised to be wary and seek clarification directly from Dana on the matter.

Fee Type

JC

Details

Deposit Fees

*

Few details found

Withdrawal Fees

No data available

Commission

Information not available

User Experience and Market Reputation

Customer feedback and market reputation are sources of very important information on broker credibility and quality of services. Because of the nondescript market presence of Dana, there is no adequate information available on customer feedback and market reputation.

Traders who are interested in trading with Dana can consider contacting the broker or reading independent reviews from trusted sources to learn more about the user experience.

Conclusion

Dana appears to be a trading broker and financial service provider, and there seems to be little information publicly available. Details such as its regulatory nature, the trading terms, fees, and any reviews or feedback from people who may have used the service seem uncertain. It does seem, therefore, that potential customers need to be extremely cautious about the service. Although Dana may provide competitive services, the fact that there is limited information about the data emphasizes the need to confirm all the information required through the broker. It is recommended that a trader consider a broker who has proper information about trading regulations.

Regulation check

Regulatory Licenses

We have not confirmed any regulation for Dana. Money deposited with an unregulated broker is protected only by the company itself.

No regulation

Trading with an unregulated broker puts your deposit at risk.

No regulation

We have not confirmed any regulation for Dana. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.

What this means for you

  • No compensation scheme covers your funds.
  • No regulator to escalate a complaint to.
  • No audit of how client money is held.
View other brokers
Deposits & withdrawals

Funding Methods

9 ways to fund an account. 6 credit instantly. The costliest way in is Visa/MasterCard at 2.5%.

9 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
Bank TransferBank TransferNot recordedNot recordedNot recordedNot recordedNot recordedInstant
Cryptocurrency (USDT, BTC, TRON)Cryptocurrency
Withdrawals not processed on Saturdays and Sundays; capping limit of 5 times the package amount; available globally subject to regional regulations.
Not recorded10%Not recordedUSD 5Not recordedInstant
Credit/Debit CardsCredit CardAvailable in regions supporting credit/debit card payments.Not recordedNot recordedUSD 50Not recordedNot recordedInstant
E-wallets (Skrill, Neteller)E-WalletAvailable in regions where Skrill and Neteller are supported.Not recordedNot recordedUSD 10USD 10Not recordedInstant
Apple Pay and Google PayE-Wallet
Available in regions where Apple Pay and Google Pay are supported.
Not recordedNot recordedUSD 50Not recordedNot recordedInstant
SWIFT Bank TransferBank Transfer1Not recordedUSD 35Not recordedNot recordedNot recorded3 days
SEPA Bank TransferBank Transfer
Processing times may vary depending on bank and region; available within SEPA region.
Not recordedEUR 5Not recordedNot recordedNot recorded1 day
Visa/MasterCardCredit CardAvailable in regions supporting Visa/MasterCard payments.2.5%1.5%USD 10Not recordedNot recordedInstant
International Bank Transfer (SWIFT)Bank Transfer1Not recordedUSD 35Not recordedNot recordedNot recorded3 days

Broker's notes on these methods

  1. Processing times may vary depending on bank and region; available where SWIFT transfers are supported. · applies to 2 methods
Fees, limits and processing times as published by Dana, recorded by Wikilix.
Websites

Global Domains

5 domains on record. All active and served over HTTPS.

5 domains
  • danabc.irActiveHTTPS
  • brokersite.irActiveHTTPS
  • ehraz.danabc.irActiveHTTPS
  • rhpayment1.danabc.irActiveHTTPS
  • rhpayment2.danabc.irActiveHTTPS
Domains recorded by Wikilix. Only a domain listed here is known to belong to this broker.
Frequently Asked Questions

Frequently Asked Questions

Common questions about Dana

Most Popular Questions
Customers can contact Dana Brokerage Co. via live chat during business hours, by phone at +962 02178301000, or email at info@danabroker.com. Support is available in English.
Dana Brokerage Co. offers a maximum leverage of 1 according to the available information.
Dana Brokerage Co. supports bank transfer as a funding method with instant processing time. Specific fees or limits for deposits and withdrawals are not detailed.
What Dana Brokerage Co. offers is not the MT4 or MT5 trading platform, its proprietary trading platform instead.
Dana Brokerage Co. is not regulated.
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