Products
Community
Client Login
Daman Markets logo

Broker Reviews

Daman Markets

Trust Score:

5.00

(1 Reviews)
Open Account

About Daman Markets

Daman Markets operates under the brand of Daman Securities LLC based in Dubai, offering trading in Forex, commodities, indices, stocks, crypto and futures CFDs through its website damanmarkets.com while citing over 25 years of experience in financial services and positioning itself as a multi-asset CFD provider.

Learn More

Regulation & Security

The broker is licensed by the Securities and Commodities Authority (SCA) in the UAE under Category 1 activities and license number 604020 for brokerage, clearing, global markets trading and OTC derivatives.

Account and Setup

The account setup process begins by opening a live account and selecting from main account types: the ÒDM ClassicÓ account requires a minimum deposit of USD 250, charges no commission, has spreads from 1.2 pips and offers leverage up to 1:500.

Funding Options

The funding options referenced include a range of secure payment methods via the client portal though the site does not provide detailed processing times or fees for each method.

Bot & API Compatibility

The broker supports algorithmic trading via the MetaTrader 5 platform where Expert Advisors (EAs) and automated strategies are supported, with tools such as technical indicators and multiple timeframe charting available.

Trading Conditions& Restrictions

Trading conditions on the Classic account include spreads starting from 1.2 pips, a minimum lot size of 0.01 lots, a stop-out level at 50 % and a commission-free structure; on the higher-tier ÒDM ProÓ account the minimum deposit is USD 20,000 or more, spreads may start from 0.0-pips and commissions apply per million traded volume.

Regulation & Security

The broker is licensed by the Securities and Commodities Authority (SCA) in the UAE under Category 1 activities and license number 604020 for brokerage, clearing, global markets trading and OTC derivatives.

Account and Setup

The account setup process begins by opening a live account and selecting from main account types: the ÒDM ClassicÓ account requires a minimum deposit of USD 250, charges no commission, has spreads from 1.2 pips and offers leverage up to 1:500.

Funding Options

The funding options referenced include a range of secure payment methods via the client portal though the site does not provide detailed processing times or fees for each method.

Bot & API Compatibility

The broker supports algorithmic trading via the MetaTrader 5 platform where Expert Advisors (EAs) and automated strategies are supported, with tools such as technical indicators and multiple timeframe charting available.

Trading Conditions& Restrictions

Trading conditions on the Classic account include spreads starting from 1.2 pips, a minimum lot size of 0.01 lots, a stop-out level at 50 % and a commission-free structure; on the higher-tier ÒDM ProÓ account the minimum deposit is USD 20,000 or more, spreads may start from 0.0-pips and commissions apply per million traded volume.

Daman Markets Reviews

( 1 )

Daman Markets Reviews

( 1 )
Trading Ideas

Get inspired for your next move

Blog

Discover expert insights, tips and strategies

Features

Cutting-edge Trading Tools

About Us

Who we are and why we do it

Corporate solutions

Fund House Suite

Price ranging from
USD 100,000/mo

Corporate Suite

Price ranging from
USD 30,000/mo

Family Office Suite

Price ranging from
USD 10,000/mo

Retail solutions

Diamond

Price ranging from
USD 4,997/mo

Titanium

Price ranging from
USD 2997/mo

Platinum

Price ranging from
USD 497/mo