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No Regulation
Score
1.53 /10
Danger
DAMAS GROUP
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index7.13
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
Previous Detection :
2025-01-09
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
Note: The official website - https://www.diamond-way.net/ is inaccessible, so the relevant information is incomplete. We will do our best to collect some information about it.
| DAMAS GROUPReview Summary | |
| Founded | 2024 |
| Registered Country/Region | Canada |
| Regulation | No regulation |
| Market Instruments | Stocks, futures, currencies, metals, CFDs, etc. |
| Demo Account | / |
| Leverage | Up to 1:400 |
| Spread | / |
| Trading Platform | MT5 |
| Min Deposit | $10 |
| Customer Support | Tel: +1 604.484.2826 |
| Email: info@diamond-way.net | |
| Company address: 555 Burrard Street Suite 15-105, Vancouver, BC, Canada V7X 1M8 | |
Founded in 2024, DAMAS GROUP is an unregulated broker based in Canada, offering trading in stocks, futures, currencies, metals, and CFDs with leverage up to 1:400 and the minimum deposit is just $10.
Pros and Cons
| Pros | Cons |
| Various tradable assets | Inaccessible website |
| MT5 support | No regulation |
| Low minimum deposit | Lack of transparency |
| Popular payment options |
Is DAMAS GROUP Legit?
No, DAMAS GROUP has no valid regulations. Please be aware of the risk!
What Can I Trade on DAMAS GROUP?
| Tradable Instruments | Supported |
| Stocks | ✔ |
| Futures | ✔ |
| Currencies | ✔ |
| Metals | ✔ |
| CFDs | ✔ |
| Indices | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
DAMAS GROUP's leverage is up to 1:400. Leverage magnifies the returns from favorable movements in a currency's exchange rate. It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop, iphone, Android, Web | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
DAMAS GROUP has many payment ways, such as Visa, MasterCard, Skrill, Neteller, Fasapay, Bitcoin, UnionPay and ecoPayztocks.
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