Company profile
Daman Securities Review SummaryFounded2014Registered Country/RegionUnited Arab EmiratesRegulationNo regulationMarket InstrumentsForex, commodities, CFDs, indices, metals, cryptos, stocksDemo Account❌LeverageUp to 1:500SpreadFrom 1.2 pips (DM classic account)Trading PlatformDaman Securities's own online web-based trading, mobile trading, Daman Pro trading, MT5Minimum Deposit$250Customer Support24/5 support, contact formTel: +97144080300Email: csds@daman.aeAddress: Suite 14 Dubai World Trade Center, P.O. Box 9436. Sheikh Zayed Road, Dubai, United Arab EmiratesFacebook, X, Instagram, LinkedIn, YouTubeRegional RestrictionsResidents of Afghanistan, Central African Republic, Congo, Haiti, Iraq, Iran, Kenya, Lebanon, Libya, Mali, Myanmar, North Korea (DPRK), Russia, Somalia, Sudan, South Sudan, Syria, Venezuela, YemenDaman Securities Information Daman Securities is an unregulated broker, which founded in United Arab Emirates, 2014, offering trading on forex, commodities, CFDs, indices, cryptos, stocks and metals with leverage up to 1:100 and spread from 1.2 pips on the web-based and MT5 trading platform. The minimum deposit requirement is $250. Besides, residents of Afghanistan, Central African Republic, Congo, Haiti, Iraq, Iran, Kenya, Lebanon, Libya, Mali, Myanmar, North Korea (DPRK), Russia, Somalia, Sudan, South Sudan, Syria, Venezuela and Yemen are not allowed.Pros and ConsPros Cons Long operation timeLack of regulationVarious contact channelsNo demo accountsVarious trading productsNo MT4 platformMT5 platformRegional restrictionsHigh minimum deposit requirementCommission fees chargedLimited account choicesIs Daman Securities Legit? No. Daman Securities currently has no valid regulations. Please be aware of the risk! Besides, its domain status shows that client transferring is prohibited.What Can I Trade on Daman Securities? Daman Securities provides a wide range of trading products such as forex, commodities (such as gold, silver, and copper), CFDs, indices, cryptos, stocks and metals.Tradable Instruments Supported Forex✔CFDs✔Commodities✔Metals✔Indices ✔Stocks✔Cryptos✔Bonds❌Options❌ETFs❌Account TypeAccount TypeMinimum DepositDM classic$250DM pro$20,000LeverageAccount TypeMaximum LeverageDM classic1:500DM pro1:100Daman Securities FeesAccount TypeSpreadCommissionDM classicFrom 1.2 pips❌DM proFrom 0 pips✔ Non-Trading Fees Daman Securities does not apply for any deposit fees. Swap Rates Account TypeSwap freeDM classicUpon requestDM proNoTrading Platform Daman Securities uses its own trading platforms which are available in web, PC, and mobile devices, and it also supports commonly used MT5.Trading PlatformSupported Available Devices Suitable for Online Web-Based Trading✔Online web trader, PC/Mobile Trading✔Mobile/Daman Pro Trading✔PC, web/MT5✔PC, mobile, webExperienced tradersMT4❌/Beginners
United Arab Emirates
5-10 years
FX1924921592
Egypt
A reliable company that offers diverse services, but needs improvement in some aspects such as customer support and execution speed in some cases. Its features are: ✅ Licensed and officially regulated. ✅ Provides diverse financial services for individual and corporate investors. ✅ Utilizes modern technology in trading.
37130
03-14