Daman Securities-2041269547
abstrak： 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.
| Daman Securities Review Summary | |
| Founded | 2014 |
| Registered Country/Region | United Arab Emirates |
| Regulation | No regulation |
| Market Instruments | Forex, commodities, CFDs, indices, metals, cryptos, stocks |
| Demo Account | ❌ |
| Leverage | Up to 1:500 |
| Spread | From 1.2 pips (DM classic account) |
| Trading Platform | Daman Securities's own online web-based trading, mobile trading, Daman Pro trading, MT5 |
| Minimum Deposit | $250 |
| Customer Support | 24/5 support, contact form |
| Tel: +97144080300 | |
| Email: csds@daman.ae | |
| Address: Suite 14 Dubai World Trade Center, P.O. Box 9436. Sheikh Zayed Road, Dubai, United Arab Emirates | |
| Facebook, X, Instagram, LinkedIn, YouTube | |
| Regional Restrictions | 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, Yemen |
Daman 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 Cons
| Pros | Cons |
| Long operation time | Lack of regulation |
| Various contact channels | No demo accounts |
| Various trading products | No MT4 platform |
| MT5 platform | Regional restrictions |
| High minimum deposit requirement | |
| Commission fees charged | |
| Limited account choices |
Is 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 Type
| Account Type | Minimum Deposit |
| DM classic | $250 |
| DM pro | $20,000 |
Leverage
| Account Type | Maximum Leverage |
| DM classic | 1:500 |
| DM pro | 1:100 |
Daman Securities Fees
| Account Type | Spread | Commission |
| DM classic | From 1.2 pips | ❌ |
| DM pro | From 0 pips | ✔ |
Non-Trading Fees
Daman Securities does not apply for any deposit fees.
Swap Rates
| Account Type | Swap free |
| DM classic | Upon request |
| DM pro | No |
Trading 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 Platform | Supported | Available Devices | Suitable for |
| Online Web-Based Trading | ✔ | Online web trader, PC | / |
| Mobile Trading | ✔ | Mobile | / |
| Daman Pro Trading | ✔ | PC, web | / |
| MT5 | ✔ | PC, mobile, web | Experienced traders |
| MT4 | ❌ | / | Beginners |
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