Daman Securities at a glance
Daman Securities LLC is a UAE financial brokerage headquartered in Dubai. It is regulated by the UAE Securities and Commodities Authority (SCA) under a Category 1 licence and is authorised for trading and clearing in UAE financial markets, global-markets trading, and over-the-counter derivatives, commodity contracts and spot foreign exchange. It provides access to UAE, regional and global markets through web, mobile and desktop trading
Daman Securities reports a founding year of 1998 and a head office in Dubai, United Arab Emirates. It lists 9 regulators and 8 trading platforms.
BrokerBazaar verdict
Daman Securities is an established UAE Category 1 securities broker with a long operating history dating to 1998 and a broad product offering covering UAE, regional and international securities markets. Its current licence 604020 authorises trading and clearing brokerage, global-market brokerage and OTC derivatives and foreign-exchange spot-market activities. The firm also provides margin trading, professional trading tools and access to multiple asset classes.
Legal entities, regulation and licences
Daman Securities operates through 4 legal entities, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by no regulator we could map to a public register.
Licence check: Not independently checked. This broker has submitted its details. BrokerBazaar has not yet independently checked them. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
Daman Securities states that it accepts clients from UAE, United Arab Emirates, GCC / MENA region, International. Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Trading products, platforms and account types
Instruments: UAE Stocks, Regional Stocks, US Stocks, European Stocks, UK Stocks, Asian Stocks, ETFs, Options, Futures, Indices, Commodities, Bonds, Sukuks, Forex, Metals, CFDs, OTC Derivatives. Platforms: Online Web-Based Trading, Daman Securities Mobile Trading, Daman Pro Trading, MetaTrader 5, Web Trading, Mobile Trading, eBroker, Daman Securities Mobile App. Account types: Securities Trading Account, Margin Trading Account, Short-Term Margin Account, Daman Markets DM Classic, Daman Markets DM Pro.
Best-for tags assigned by our team: UAE Stock Investors, DFM Investors, ADX Investors, Nasdaq Dubai Investors, GCC Investors, Global Stock Investors, Forex Traders, CFD Traders, Margin Traders, Sharia-Compliant Investors.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is Minimum deposit: from $100 for DM Classic; $20,000 for DM Pro. Note: certain older Daman Markets pages still reference a $250 DM Classic minimum, so prospective clients should confirm the live account-opening requirement before depositing.. Spreads start from From 1.2 pips and commission is From $17. Maximum leverage is 1:500, subject to the cap of the entity that holds your account.
Swap-free / Islamic account: available (conditional). Swap type: not specified. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: Bank Transfer, Credit/Debit Card, Skrill, Neteller, Apple Pay, Google Pay. Withdrawal methods: Bank Transfer.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: Not specified. Scalping allowed: Not specified. Algorithmic trading allowed: Not specified. News trading allowed: Not specified. Hedging: not specified. These conditions were compiled from public information and have not yet been confirmed by the broker.
Client-money rules follow the regulator of the entity that holds your account. Check that regulator's rules on its register.
Complaints and dispute process
Formal complaints: contactds@daman.ae. Phone: +971 4 305 5779. Customers can contact Daman Securities through its customer-support and brokerage-support channels by telephone, email or through the company's contact page. The company also provides operations support through dedicated telephone numbers. No current official complaint-resolution timeframe was independently verified.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: PROS
- Strength: - Long-established UAE brokerage
- Strength: - Founded in 1998
- Strength: - SCA/CMA Category 1 regulated
- Strength: - Licence 604020
- Strength: - UAE, regional and international market access
- Strength: - Direct clearing-member status
- Strength: - DFM, ADX and Nasdaq Dubai access
- Strength: - Tadawul, Qatar and Kuwait market access
- Strength: - US, European, UK and Asian market access
- Strength: - Margin trading available
- Strength: - Short-term margin facility
- Strength: - Web and mobile trading
- Strength: - Daman Pro professional trading
- Strength: - Forex and CFD offering through Daman Markets
- Strength: - Sharia trading capability
- Strength: - Dedicated relationship managers
- Strength: - Physical Dubai and Abu Dhabi offices
- Limitation: Public fee schedule for conventional securities brokerage is not sufficiently transparent
- Limitation: - Current public materials contain inconsistencies concerning Daman Securities versus Daman Markets
- Limitation: - Daman Markets regulatory/legal-entity disclosures require careful verification before funding
- Limitation: - Very limited public customer-review data for the main Daman Securities app
- Limitation: - High leverage available through the Daman Markets offering creates substantial risk
- Limitation: - WikiFX gives a very low score, although its assessment focuses heavily on forex licensing and should not be interpreted as evidence that the SCA securities licence 604020 does not exist
Who this broker suits, and who it does not
Daman Securities is most relevant to traders looking for: UAE Stock Investors, DFM Investors, ADX Investors, Nasdaq Dubai Investors, GCC Investors, Global Stock Investors, Forex Traders, CFD Traders, Margin Traders, Sharia-Compliant Investors.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
Daman Securities change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for Daman Securities yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about Daman Securities
Data sources. Broker submission, the regulator registers linked above, web-archive and domain records, and third-party traffic data. No independent licence check date is recorded yet. External ratings: WikiFX 1.54/10; Apple App Store — Daman Securities N/A/5; Google Play — Daman Securities N/A/5; Forex Peace Army N/A/5; Trustpilot N/A/5.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We have no commercial relationship with Daman Securities. How we make money. Trading leveraged products carries a high risk of loss.