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Daman Markets Review: Is It Legit and Regulated?

Daman Markets Financial Services LLC

AE Operating period unverified

FindMyFX score

critical risk

3.9/10

0 Score out of 10 10

Independent assessment Updated 2026-07-19

Contact & regulation

Official website: damanmarkets.com
Address: 14th Floor, World Trade Center, Dubai, United Arab Emirates
Contact: 14th Floor, World Trade Center, Dubai, United Arab Emirates
Primary license: CMA · Unverified

Missing values mean the information has not been verified or published yet—not that the broker does not provide it.

Quick verdict

Is Daman Markets legit and regulated?

FindMyFX has license records for Daman Markets, but none is currently presented as fully verified. Check each entity, jurisdiction, source, and verification date before depositing.

This is a source-limited research summary, not a safety guarantee or investment recommendation.

Broker-provided profile information is reviewed before publication. Paid profile features never affect FindMyFX scores, license verification, risk flags, reviews, complaints, or editorial decisions.

Broker-provided company information

UAE forex and CFD broker operating from Dubai under a Category 1 capital-markets licence.

Professional broker overview

FindMyFX editorial summary

Daman Markets is operated by Daman Markets Financial Services LLC, a UAE company whose official footer gives commercial registration 2389524 and Capital Market Authority Category 1 licence 20200000356. The broker lists DM Classic and DM Pro accounts on MetaTrader 5, with account-specific minimum deposits, spreads, commissions and leverage limits. The reviewed official source does not publish a complete country-by-country eligibility list, instead referring broadly to sanctioned, FATF-blacklisted and legally restricted jurisdictions.

Prepared from reviewed sources for informational purposes. This is not investment advice.

Editorial note: The licence and company details were obtained from the broker's current legal disclosure; a direct company-specific regulator-register row was not captured, so the licence remains partially verified for import.

Operational status: active
Broker type: unknown
Execution model: Not verified
Support hours: Not verified

Support languages: English, Arabic

Documented advantages

The official legal disclosure provides a UAE company registration number, commercial licence number, headquarters and Category 1 regulatory licence.

Documented limitations

DM Pro has a stated USD 20,000 minimum deposit and does not offer swap-free status.

100%coverage

Published profile coverage

8 of 8 core information groups currently contain published data. This measures data availability, not broker quality or safety.

Company structure

Legal entities

Registered companies associated with this broker profile.

1 entity

Daman Markets Financial Services LLC

Primary

AE 2389524

Trading access

Account types

Available account structures and their current verification state.

1 account

DM Classic

unverified

Deposit: USD 100.00
Leverage: 1:500

0% commission

Spread: From 1.20 pips
Base currencies: Not shown
Margin call / stop-out: —% / 50.00%
Demo / Islamic: Unknown / Yes
Balance protection: Unknown
Last verified: Not verified

Markets and instruments

Commodities

unverified

Forex

unverified

Indices

unverified

Metals

unverified

Research sources

Daman Markets official website and legal disclosure Daman Markets unverified

Licenses and regulators

CMA

20200000356

unverified

Last verified: Not shown

Type: Category 1

Client class: retail

Compensation: Not shown

Segregated funds: Unknown

Negative balance protection: Unknown

Jurisdiction-specific offerings

AE · retail

unverified

Entity not linked · Leverage 1:500

Compensation scheme not shown