Wikilix
Licence record

SCA licence 20200000043

Holder
Daman Securities
Jurisdiction
United Arab Emirates
Licence type
Financial Service

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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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
Financial Service

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-securities/20200000043Fields on file 2 / 11

Open Daman SecuritiesAbout 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)
Financial Service
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 Securities applies it.
The holder

Who holds this licence

The licence above is recorded against Daman Securities. A licence is issued to a legal company, so the companies below are what you would search a corporate register for.

Broker
Daman Securities LLC
Based in
United Arab Emirates
Wikilix score
31.4the firm’s overall score, not a rating of this licence

Wikilix records Daman Securities as having no regulation on file. That is a finding about the firm, not about this licence — the register’s own wording above is what states this entry’s standing.

Recorded companies

None of these matches the name the register printed, so we do not say which one holds this licence.

  • ضمان للأوراق المالية ش.ذ.م.م
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.
Frequently Asked Questions

Questions about this licence

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

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.
Licence 20200000043 was issued by Securities and Commodities Authority (SCA), the financial authority for United Arab Emirates.
Daman Securities 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.
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