Dana Spreads, leverage, minimum deposit Revealed

　　General Information

　　Dana Brokerage Co. (short for “Dana”) is an Iran-based brokerage firm founded in 2005, providing clients access to the currency and stock markets.

　　According to this brokerage firm, Exchange Licenses it holds include the following:

• 　　License to operate in Tehran Stock Exchange

• 　　OTC license to operate in Iran

• 　　Online Trading License

• 　　Admission Consultant License

　　However, there is no official regulatory license showing this broker legally operates.

　　Market Instruments

　　With the Dana Brokerage Co. platform, investors can get access to various financial markets, including Foreign Exchange, Stocks, Options, and more.

　　Trading Channels

　　Trading the stock market can be done in three ways:

• 　　Face to face orders: You can complete the purchase or sales form in the acceptance section and the person in charge of accepting your order informs the traders.

• 　　Online Orders: You can register your buying and selling orders through the website of the brokerage without visiting the brokerage in person. After registration, the person in charge of the online reception department informs the traders after seeing these orders.

• 　　Online transactions: In both cases mentioned above, you only place orders through traders, but in online transactions, you register purchase and sales orders directly in the core of the transactions, which means you become your own trader.

　　Trading Platform

　　What Dana Brokerage Co. offers is not the MT4 or MT5 trading platform, its proprietary trading platform instead.

　　Deposit Options

　　There are three channels for clients to deposit money to the brokerage account to buy securities:

　　1. Through online access and the instant deposit section (the limit of the deposit amount for daily purchases from each bank care is 50 million Tomans).

　　2. Direct purchase from a bank account (this method can only be done for Bank Mellat and Bank Saman account holders)

　　3. You can also deposit funds to the bank accounts of the brokerage through branches or internet Bank.

　　Two working days after the sales of each share and at your request, the brokerage will deposit the amount of the sales shares into your account.

　　Educational Resources

　　Dana Brokerage Co. also provides access to some educational resources, including Stock Exchange, Stock Portfolios, Futures, Options Trading, as well as teaching how to use the option trading system, etc.

　　Customer Support

　　Traders with any questions or concerns they may have about their accounts or their trading can reach out to Dana Brokerage Co. through its two branches:

　　Jordan Branch

　　Telephone: 021 79408, 02126291522, 02178301000

　　Address: Tehran, Nelson Mandela Street (Jordan), Kaj Abadi Street, No. 27

　　Phone: 051370557603

　　Fax: 05137672291

　　Address: Mashhad, Janbaz Blvd., Page Complex, Block E 13th Floor, Unit 9

　　Or you can also follow this company on some social media platforms, such as Linkedin, Instagram, Youtube and Facebook.

　　Risk Warning

　　There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

　　The information presented in this article is intended solely for reference purposes.