Global Broker Regulation Inquiry App
WikiFX
Broker
Rankings
Regulators

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

Daman Securities

United Arab Emirates | 5-10 years |
Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

http://www.damansecurities.com

Website

Rating Index

Influence

Influence

D

Influence index NO.1

United Arab Emirates 2.62
Surpassed 15.30% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+971 4 332 4140
info@damansecurities.ae
http://www.damansecurities.com
SUITE 600 DUBAI WORLD TRADE CENTER P.O. BOX 9436 SHEIKH ZAYED ROAD DUBAI, UNITED ARAB EMIRATES

Licenses

No valid regulatory information, please be aware of the risk!

Warning: Low score, please stay away!
2025-06-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
2

Basic Information

Registered Region
United Arab Emirates
Operating Period
5-10 years
Company Name
Daman Securities LLC
Customer Service Email Address
INFO@DAMAN.AE
Contact Number
+97143324140

bhih

Unverified

Libya

I cannot withdraw my money in the wallet with Daman Securities Company. They forced me to pay more than one tax and threatened to freeze the amount in case of non-payment. Even after I paid the tax, they did not transfer the amount to me and created new excuses, and until now I have not received the amount despite I have completed all taxes and procedures they required.

Exposure

2023-11-02

bina79

Unverified

Libya

Ignoring withdrawals, non-response, and seizing the wallet account after only one trading per week, and then not making other deals, providing illogical justifications, and not settling the problem after promises of a solution.

Exposure

2023-08-25

bina79

Unverified

Libya

I requested to withdraw the balance of my wallet account and close it on 7/25/2023 via WhatsApp, and I am waiting for the result, but there is still no response.

Exposure

2023-07-27

FX1924921592

Unverified

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.

Neutral

03-14

FX2443258362

Unverified

Iraq

Emirati Abu Dhabi Daman Securities website, and their website is fake, Dirubalcom. They ask you for the amount of money. When you want to withdraw your money in the name of taxes, they take 15% from you. They don’t send you profits in the account before you pay them $3,000 tax. They write a check in your name and the amount you want to withdraw from them, then they send a check in your name to your account. From one hour up to 4 hours, he completes the check for you and sends it to you, telling you that he will receive the profits in seconds. Withdrawing profits through Zain Cash, and through the bank is delayed. Fraud and taking people’s money untruthfully. What do you say before God on the Day of Resurrection? God is sufficient for us, and He is the best disposer of affairs. fire of the afterlife.

Exposure

2023-05-12

5
Biz Area
Website
Company Summary
Comment

Users who viewed Daman Securities also viewed..

Taurex

8.42
Score
5-10 yearsRegulated in United KingdomMarket Maker (MM)MT4 Full License
Taurex
Taurex
Score
8.42
  • 5-10 years |
  • Regulated in United Kingdom |
  • Market Maker (MM) |
  • MT4 Full License
Official website

VT Markets

8.53
Score
5-10 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
VT Markets
VT Markets
Score
8.53
  • 5-10 years |
  • Regulated in Australia |
  • Market Maker (MM) |
  • MT4 Full License
Official website

GO Markets

8.98
Score
Above 20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
GO Markets
GO Markets
Score
8.98
  • Above 20 years |
  • Regulated in Australia |
  • Market Maker (MM) |
  • MT4 Full License
Official website

IC Markets Global

9.10
Score
15-20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
IC Markets Global
IC Markets Global
Score
9.10
  • 15-20 years |
  • Regulated in Australia |
  • Market Maker (MM) |
  • MT4 Full License
Official website

Website

damansecurities.com
98.129.229.117
Server Location
United States
ICP registration
--
Most visited countries/areas
--
Domain Effective Date
--
Website
--
Company
--

Company Summary

Daman Securities Review Summary
Founded2014
Registered Country/RegionUnited Arab Emirates
RegulationNo regulation
Market InstrumentsForex, commodities, CFDs, indices, metals, cryptos, stocks
Demo Account
LeverageUp to 1:500
SpreadFrom 1.2 pips (DM classic account)
Trading PlatformDaman Securities's own online web-based trading, mobile trading, Daman Pro trading, MT5
Minimum Deposit$250
Customer Support24/5 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 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, 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.

Daman Securities Information

Pros and Cons

Pros Cons
Long operation timeLack of regulation
Various contact channelsNo demo accounts
Various trading productsNo MT4 platform
MT5 platformRegional 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.

Daman Securities domain

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 TypeMinimum Deposit
DM classic$250
DM pro$20,000
Account Type

Leverage

Account TypeMaximum Leverage
DM classic1:500
DM pro1:100

Daman Securities Fees

Account TypeSpreadCommission
DM classicFrom 1.2 pips
DM proFrom 0 pips

Non-Trading Fees

Daman Securities does not apply for any deposit fees.

Daman Securities Fees

Swap Rates

Account TypeSwap free
DM classicUpon request
DM proNo

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 PlatformSupported Available Devices Suitable for
Online Web-Based TradingOnline web trader, PC/
Mobile TradingMobile/
Daman Pro TradingPC, web/
MT5PC, mobile, webExperienced traders
MT4/Beginners
Trading Platform
Trading Platform

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

User Reviews 5

All (5) Neutral (1) Exposure (4)
No more
Write a review
Exposure
Neutral
Positive

Content you want to comment

Please enter...

Submit now
Write a comment
5
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com