Daman Markets Forex Broker keeps up-to-date with the latest trading account information, including DM PRO, DM CLASSIC maximum leverage of 1:100, trading varieties, and more
Rating Index
Pros
SCA regulated, providing a level of legal compliance in the UAE.
Offers the popular MetaTrader 5 platform, known for its robust features and usability.
Allows social trading, enabling interaction and strategy sharing among traders.
Cons
High minimum deposit requirement, especially for the Pro account.
Charges commissions on the Pro account, which may deter some traders.
Region restrictions limit access for traders from several countries, potentially excluding a broad audience.
Daman Markets broker Accounts
DM PRO
DM CLASSIC
Daman Markets Account Type
Daman Markets offers two main types of trading accounts tailored to meet the diverse needs of their clients:
- DM Classic Account
- Minimum Deposit: $250
- Commission: No commission
- Spread: From 1.2 pips
- Leverage: Up to 1:500
- Lot Size: 0.01
- Stop-Out Level: 50%
- Instruments: Forex, Commodities, Metals, Indices, Stock CFDs
- Swap Free: Available upon request
- DM Pro Account
- Minimum Deposit: $20,000
- Commission: $35 per million USD
- Spread: From 0 pips
- Leverage: Up to 1:100
- Lot Size: 0.01
- Stop-Out Level: 50%
- Instruments: Forex, Commodities, Metals, Indices, Stock CFDs
- Swap Free: Not available
- Open an Account: Register by providing your full name, email address, and password on the Daman Markets website.
- Add Funds: Fund your account using any of the multiple available payment methods.
- Start Trading: Utilize the desktop or mobile platform to launch your trades.
These accounts are designed to cater to both novice and experienced traders, providing flexibility and competitive trading conditions.
Daman Markets Broker Account Opening Process
Opening an account with Daman Markets is a straightforward process that can be completed in just three simple steps:
The entire onboarding process is designed to be smooth and efficient, ensuring that you can start trading quickly and easily.
For more details, you can visit the following sources:
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