Daman Markets Review 2025: UAE SCA MT5 Broker

Overview

Daman Markets represents the CFD and Forex trading division of Daman Securities LLC, a Dubai-based financial institution established in 1998. Operating under the regulatory oversight of the UAE Securities & Commodities Authority (SCA) with a Category 1 license (#604020), this broker combines over two decades of market experience with on-shore regulatory compliance. The firm operates from the World Trade Center in Dubai, offering MetaTrader 5 access across multiple asset classes including forex, stocks, indices, commodities, and cryptocurrency CFDs.

The broker's positioning within the UAE regulatory framework sets it apart from many offshore competitors, providing enhanced oversight and client protection standards. With two distinct account tiers catering to different trader profiles and capital requirements, Daman Markets serves both retail and professional traders seeking exposure to global markets through a locally regulated entity.

Overview Table

Item	Details
Legal Entity	Daman Securities LLC (trading as Daman Markets)
Founded	1998
Headquarters	World Trade Center, Dubai, UAE
Regulation	UAE SCA Category 1, License #604020
Trading Platform	MetaTrader 5 (Desktop, Web, Mobile)
Account Types	DM Classic, DM Pro
Minimum Deposit	$250 (Classic), $20,000 (Pro)
Leverage	Up to 1:500 (Classic), 1:100 (Pro)
Spreads	From 1.2 pips (Classic), 0.0 pips (Pro)
Commission	None (Classic), From $35/million USD (Pro)*

Facts List

1. Established Heritage: Parent company Daman Securities founded in 1998, providing 26+ years of market presence
2. On-shore Regulation: UAE SCA Category 1 license offers superior oversight compared to offshore alternatives
3. Multi-Asset Trading: Access to forex, global stocks, UAE stocks, indices, commodities, and crypto CFDs
4. Platform Stability: Exclusively uses MetaTrader 5 across all devices with EA support
5. Dual Account Structure: Classic account for retail traders, Pro account for high-volume professionals
6. Local Market Access: Unique offering of UAE stock CFDs including EMAAR and ADNOC
7. High Leverage Available: Up to 1:500 leverage on Classic accounts (significant risk factor)
8. Stop-Out Level: 50% margin level for both account types
9. Islamic Accounts: Swap-free option available for Classic accounts only
10. Documentation Issues: Pricing inconsistencies and missing NBP clarity on public pages

Daman Markets Licenses and Regulatory

Daman Markets operates under the regulatory umbrella of Daman Securities LLC, holding a UAE Securities & Commodities Authority Category 1 license (#604020). This license authorizes on-exchange trading and clearing, global markets brokerage, and OTC derivatives & FX spot dealing. The on-shore UAE regulation provides several advantages over typical offshore CFD licenses, including stricter capital requirements, enhanced conduct standards, and direct regulatory supervision.

The SCA oversight ensures compliance with UAE financial regulations, offering traders improved counterparty credibility and clearer dispute resolution pathways. However, regulatory protection does not eliminate market risks or leverage-related losses, making it crucial for traders to understand margin requirements and stop-out policies before trading.

Regulatory Licenses Held:

• United Arab Emirates - SCA Category 1, License No. 604020

Trading Instruments

Daman Markets provides access to a diverse range of CFD instruments across multiple asset classes. The broker's unique positioning allows it to offer both international markets and local UAE securities, catering to regional investors seeking familiar domestic stocks alongside global opportunities.

Asset Categories Table

Asset Class	Instruments Available	Trading Hours
Forex	Majors, Minors, Exotics	24/5
Stocks (Global)	US, UK, EU equities	Exchange hours
Stocks (UAE)	EMAAR, ADNOC, local listings	DFM/ADX hours
Indices	Cash indices, futures references	Market hours
Commodities	Gold, Oil, Natural Gas	Market hours
Cryptocurrencies	BTC, ETH, LTC, XRP, others	24/7
Futures	Referenced but requires verification	Various

Trading Platforms

Daman Markets exclusively offers MetaTrader 5, providing consistency across all trading interfaces. The platform delivers advanced charting capabilities, automated trading support through Expert Advisors, and multi-asset functionality suitable for diverse trading strategies.

Trading Platform Comparison Table

Feature	MT5 Desktop	MT5 Web	MT5 Mobile
Multi-asset CFDs	Yes	Yes	Yes
Custom Indicators	Full support	Limited	Limited
Expert Advisors	Yes	No	No
One-click Trading	Yes	Yes	Yes
Market Depth	Yes	Limited	Limited
Installation Required	Yes	No	Yes (App)
Charting Tools	Advanced	Standard	Basic

Daman Markets How to Open an Account: A Step-by-Step Guide

1. Visit Website: Navigate to damanmarkets.com and click "Open Account"
2. Complete Registration: Fill in personal details and create login credentials
3. Submit KYC Documents: Upload government-issued ID and proof of address
4. Review Agreements: Read and accept Client Agreement and trading terms
5. Select Account Type: Choose between Classic ($250 minimum) or Pro ($20,000 minimum)
6. Fund Account: Deposit using credit/debit cards, bank transfer, or e-wallets (Skrill/Neteller)
7. Download MT5: Install platform on preferred device (desktop/mobile)
8. Login and Trade: Access markets using provided MT5 credentials

Charts and Analysis

Daman Markets provides minimal analytical and educational resources, relying primarily on MT5's built-in capabilities and basic market news updates. The platform offers weekly outlooks and an economic calendar but lacks the comprehensive educational infrastructure expected from modern brokers.

Resource Category	What's Offered	Quality Level	Industry Standard	Gap Assessment
Market News	Weekly outlooks, rate decisions	Basic (5/10)	Daily analysis, video updates	Below average - lacks depth and frequency
Economic Calendar	Standard calendar under Tools	Functional (6/10)	Advanced filters, impact alerts	Meets minimum requirements
Technical Analysis Tools	MT5 built-in only (30+ indicators)	Standard (6/10)	50+ indicators, pattern recognition	Adequate for basic needs
Educational Content	Specification pages, basic guides	Minimal (3/10)	Full academy, courses, webinars	Significant gap - no structured learning
Research Reports	Not available	None (0/10)	Daily/weekly professional research	Major weakness
Video Tutorials	Not found	None (0/10)	Comprehensive video libraries	Missing entirely
Webinars/Live Sessions	Not advertised	None (0/10)	Weekly educational webinars	Missing entirely
Trading Calculators	Via MT5 only	Basic (5/10)	Web-based suite of calculators	Limited accessibility
Market Sentiment Tools	Not available	None (0/10)	Sentiment indicators, positioning	Missing feature
Strategy Resources	Not covered	None (0/10)	Strategy guides, backtesting help	No strategy education

Daman Markets Account Types

Daman Markets offers two distinct account tiers designed for different trader profiles and capital levels.

DM Classic Account: Targeted at retail traders with a $250 minimum deposit, offering commission-free trading with spreads from 1.2 pips and leverage up to 1:500. Includes swap-free option for Islamic finance compliance.

DM Pro Account: Designed for professional traders with $20,000 minimum, featuring raw spreads from 0.0 pips plus commission. Limited to 1:100 leverage with no swap-free option available.

Account Types Comparison Table

Feature	DM Classic	DM Pro
Minimum Deposit	$250	$20,000
Spreads (from)	1.2 pips	0.0 pips
Commission	None	$35 per million USD*
Maximum Leverage	1:500	1:100
Stop-out Level	50%	50%
Swap-free Option	Available	Not available
Target Audience	Retail traders	Professional/High-volume

*Website shows conflicting information ($17 vs $35)

Negative Balance Protection

While negative balance protection prevents account balances from going below zero during extreme market volatility, Daman Markets does not explicitly advertise this feature on public pages. The Client Agreement contains risk management terms, but traders should request written confirmation of NBP status before funding accounts, particularly when using high leverage.

Daman Markets Deposits and Withdrawals

The broker supports multiple payment methods with varying processing times. USD transactions process without conversion fees, while other currencies incur bank FX rates. A Declaration of Deposit acknowledgment appears during the funding process, ensuring transparency in financial transactions.

Payment Methods Comparison Table

Method	Deposit Min	Withdrawal Min	Processing Time	Fees
Visa/MasterCard	$250/$20,000*	Not specified	Instant	None listed
Bank Transfer	$250/$20,000*	Not specified	1-3 days	Bank fees may apply
Skrill	$250/$20,000*	Not specified	Instant	None listed
Neteller	$250/$20,000*	Not specified	Instant	None listed

*Depends on account type selected

Support Service for Customer

Customer support operates through website contact forms and help center resources, with additional contact details available through the parent company Daman Securities website. The Dubai-based support team likely offers English and Arabic assistance, though specific hours and response times aren't publicly detailed.

Customer Support Availability Table

Channel	Availability	Languages	Response Time
Contact Form	24/7 submission	Not specified	Not specified
Email	Via Daman Securities	English/Arabic (assumed)	Not specified
Phone	Dubai number available	English/Arabic (assumed)	Not specified
Help Center	24/7 access	English	Immediate (self-service)

Prohibited Countries

Daman Markets restricts services to residents of Afghanistan, DPRK, Myanmar, South Sudan, Syria, DRC, Mali, Yemen, Lebanon, Sudan, CAR, Iraq, Libya, Somalia, Haiti, Venezuela, Kenya, Russia, and other jurisdictions where local laws prohibit CFD trading. This list may change based on regulatory requirements.

Allowed Regions: UAE and eligible international jurisdictions excluding restricted countries

Special Offers for Customers

No permanent bonuses or promotions appear on the main website. The broker ran a time-boxed demo trading competition in 2025, suggesting occasional promotional events may occur. Traders should check the client portal for current offers and always review terms and conditions before participating.

Conclusion

Daman Markets presents a mixed proposition for CFD traders. The strong on-shore UAE regulation and established parent company provide credibility often lacking in offshore brokers. MetaTrader 5 exclusivity ensures platform stability, while access to UAE stocks offers unique regional opportunities.

However, several concerns require attention. The pricing conflict on Pro accounts ($17 vs $35 per million) needs clarification before committing substantial capital. The absence of explicit negative balance protection statements and incomplete public documentation suggest the platform is still refining its client-facing infrastructure.

For traders prioritizing regulatory security and local market access, Daman Markets warrants consideration after verifying key terms. The high leverage available (1:500) poses significant risk for inexperienced traders. I recommend obtaining written confirmation of commission rates, NBP status, and actual tradable symbols before funding any account.

Daman Markets FAQs

About the Author

Arash Doostelahi

Arash Doostelahi is a dynamic content writer and online course creator based in Tehran, Iran, with expertise in content strategy, instructional design, and digital storytelling. Leveraging a blend of creativity and technical skills, Arash delivers...

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