Wikilix
Licence record

SCA licence 20200000043

Holder
Daman Markets
Jurisdiction
United Arab Emirates
Licence type
Retail Forex License

This is Wikilix's record of a licence issued by Securities and Commodities Authority. It sets out what the register says, what we checked, and what the authority's own rules protect.

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Licence intelligence

RecordModified Jul 27, 2026

Licence Verification Record

Securities and Commodities Authority 20200000043

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

Issuing authority
Securities and Commodities Authority
Holder
Daman Securities LLC
Jurisdiction
United Arab Emirates
Licence type
Retail Forex License

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

wikilix.com/licenses/securities-and-commodities-authority0/daman-markets/20200000043Fields on file 2 / 11

Open Daman MarketsAbout SCA
Our check

What we checked

Nobody has adjudicated this licence yet. It is recorded here as claimed, not as confirmed.

Wikilix check
Not checked
Authority strength
Tier 2
Jurisdiction
United Arab Emirates
Last checked
Never

Nobody at Wikilix has looked this licence up on the official register yet. Everything above comes from the record as supplied; treat it as a claim until you have checked it yourself.

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

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
20200000043
Licence type (Wikilix classification)
Retail Forex License
The authority

About SCA

Securities and Commodities Authority is the authority that issued this licence, and the jurisdiction it applies in is United Arab Emirates.

Full name
Securities and Commodities Authority
Jurisdiction
United Arab Emirates
Strength
Tier 2Well-established regimes with real supervision, usually with lower compensation limits than tier 1.
Established
2000
Firms we track under it
13 firms
Licences it issues
Brokerage licence incl. CFDs
Typical cost of a licence
Not specified
Public register
Searchable by the public
Transparency
Medium
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
This describes the authority's regime, not how Daman Markets applies it.
The holder

Who holds this licence

The licence above is recorded against Daman Markets. Wikilix holds no separate company records for this holder, so we cannot say which legal company the register issued it to.

Broker
Daman Securities LLC
Based in
United Arab Emirates
Wikilix score
31.6the firm’s overall score, not a rating of this licence
Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Last checked by Wikilix
Never — nobody has looked this entry up yet
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Also on record

Other licences Daman Markets holds

One other licence is on record for Daman Markets.

Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

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.
Licence 20200000043 was issued by Securities and Commodities Authority (SCA), the financial authority for United Arab Emirates.
Daman Markets holds this SCA licence. A licence on record means the authority published an entry; it is not an endorsement.
Nobody at Wikilix has looked this entry up on the SCA register yet, so treat it as claimed rather than confirmed. That is a gap in our coverage, not a finding against the licence.
Wikilix rates SCA tier 2: a well-established regime with real supervision, usually with lower compensation limits than a tier-1 authority.
Daman Markets has one other licence on record with Wikilix, across one jurisdiction. They are listed further down this page.
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