Accounts & headline costs
Sections ↑Account comparison01
Account and service routes at a glance
| Account / service | Contract and customer scope | Platform and principal condition |
|---|---|---|
| DM Classic | Daman Markets Financial Services LLC — Eligible clients contracting with the UAE entity; retail clients | MetaTrader 5. Current Classic body and funding schedule. Conflicting Classic FAQ/title wording says $250. The account name does not determine legal client class; exact-symbol terms and onboarding eligibility control.Source 2Source 1 |
| DM Pro | Daman Markets Financial Services LLC — Eligible clients contracting with the UAE entity; retail clients | MetaTrader 5. Current Pro schedule for eligible clients. Professional branding is not automatic Professional Investor classification. USD-notional commission is not converted into a lot-based cost without its charging basis.Source 3Source 1 |
Daman Markets offers DM Classic and DM Pro on MT5, with forex and CFDs spanning global and UAE markets. This profile follows the current Financial Services LLC disclosures. Several older Daman Securities documents remain online; their account and service terms require separate confirmation.[1][2][3][28]
Account comparison02
DM Classic and DM Pro: published account terms
| Feature | DM Classic | DM Pro |
|---|---|---|
| Opening deposit | $100 | $20,000Source 2Source 3 |
| Headline spread | From 1.2 pips | From 0.0 pipsSource 2Source 3 |
| Headline commission | 0%; spread-based pricing | From $17 per million USD; charging side unspecifiedSource 2Source 3 |
| Maximum account leverage | Up to 1:500 | Up to 1:100Source 2Source 3 |
| Minimum quoted lot size | 0.01 | 0.01Source 2Source 3 |
| Published stop-out | 50% | 50%Source 2Source 3 |
| Swap-free option | Available; eligibility and detailed tariff require confirmation | Not availableSource 2Source 3 |
| Platform | MetaTrader 5 | MetaTrader 5Source 7 |
The current Classic body, its FAQ and funding page say $100, but the Pro page’s Classic FAQ and the Classic page title retain $250. Confirm the opening requirement in the account offer. “DM Pro” is a product name; legal client classification is a separate decision.[2][3][5][20]
Reference table03
Demo practice and opening eligibility
| Item | Published position | Practical scope |
|---|---|---|
| Demo funding | Up to $100,000 of virtual money | Simulation; no cash withdrawal entitlementSource 9 |
| Demo platform | MT5 with simulated market conditions | Useful for order entry and strategy practice; does not verify live executionSource 9 |
| Account application | Registration and verification before funding | Approval and accepted documents remain part of onboardingSource 31 |
| Country restrictions | Sanctioned / FATF-blacklisted jurisdictions and locally prohibited offers excluded | The published restriction is non-exhaustive; residence eligibility must be confirmedSource 23 |
Products & platforms
Sections ↑Reference table04
What can be traded
| Market | Published coverage | Nature of exposure |
|---|---|---|
| Forex | 50+ major and exotic pairs advertised; major, minor and exotic categories | Leveraged currency tradingSource 10Source 4 |
| Global shares | US, UK and EU companies | Share CFDs; no underlying share ownershipSource 11 |
| UAE shares | Local UAE-listed companies | Local share CFDs; symbol restrictions applySource 13Source 11 |
| Indices | Global equity index exposure | CFDsSource 4 |
| Commodities | Gold, silver, oil and natural gas | CFDs; cash and futures-based contracts differSource 16Source 15 |
| Cryptocurrencies | Bitcoin, Bitcoin Cash, Ethereum, Ripple, Litecoin and Stellar | CFDs without coin ownership or wallet deliverySource 14 |
| Futures-based products | Indices, metals and energy | CFDs referencing futures, not exchange-futures ownershipSource 15 |
Reference table05
Selected forex and metals: account leverage
Reference table06
UAE equity CFDs: dealing permissions matter
Reference table07
AED metals: read the actual product offer
| Point | Current page body | What still needs checking |
|---|---|---|
| Metals named | Gold and silver traded directly in AED | Exact symbols, contract sizes and available account currenciesSource 17 |
| Conversion claim | No conversion fee for the advertised AED metals route | Do not extend this claim to other instruments or payment routesSource 17 |
| Page identity | Body says gold and silver; URL still mentions oil | An AED oil contract is not established from this pageSource 17 |
Reference table08
Crypto CFD mechanics
| Feature | Published position | Consequence |
|---|---|---|
| Ownership | Price exposure through CFDs | No coins delivered to a personal walletSource 14 |
| Direction | Long and short trading advertised | Profit and loss depend on the position, not coin custodySource 14 |
| BTCUSD / ETHUSD | Contract size 1; leverage 1:5 | Use instrument terms, not headline account leverageSource 6 |
Fees & holding costs
Sections ↑Reference table09
Trading costs: what the account headline leaves out
| Cost | Published treatment | Interpretation |
|---|---|---|
| Classic spread | From 1.2 pips; headline commission 0% | The minimum is not an observed average or a guaranteed EUR/USD quoteSource 2 |
| Pro spread plus commission | From 0.0 pips plus from $17 per million USD | A million of USD notional is not automatically one standard FX lot; per-side / round-trip basis is not establishedSource 3 |
| Holding cash CFDs | Overnight / swap charges can apply | Rates depend on the position; obtain the actual symbol tariffSource 19 |
| Futures CFDs | Zero swaps advertised | Spreads, applicable commission and expiry handling still matterSource 15 |
| Classic swap-free | Option available | No complete eligible-instrument list, grace period or replacement administration fee was establishedSource 2 |
Reference table10
Equity commission exceptions
Reference table11
Inactivity fee and account deactivation are different
| Rule | Trigger / treatment |
|---|---|
| Monthly inactivity charge | May apply after six continuous months without trading; current amount not establishedSource 20 |
| Deduction period | Until trading resumes or account closes; balance below the fee can lead to closureSource 20 |
| Dormancy / inactive status | Three years without open positions OR without personal-data updates; regulatory exceptions applySource 20 |
| Deactivation / recovery | Notice and requested action precede possible deactivation; contact support for reactivation or closureSource 20 |
Reference table12
Payment and conversion charges
| Item | Evidence | Boundary |
|---|---|---|
| Broker payment fee claim | The broker’s service guide says no extra deposit, withdrawal or conversion fees | Financial-institution charges are expressly outside that claimSource 30 |
| Funding-page currency treatment | USD deposits have no conversion; other currencies convert at the bank’s rate | AED being a supported payment currency does not establish zero conversion on every routeSource 5 |
| Fee schedule | Available on request | Obtain a current account-specific schedule before relying on an omitted chargeSource 20 |
Execution & trading rules
Sections ↑Reference table13
MT5 access and tools
| Access / feature | Daman offer | Practical use |
|---|---|---|
| Desktop, web and mobile | MT5 access advertised across these formats | Check the account server and credentials before sending live ordersSource 7 |
| Charting | Custom charts, multiple timeframes and 80+ technical indicators advertised | Analysis facilities; no demonstrated trading performance is impliedSource 7 |
| One-click entry | Available | An unintended click can submit an order; practise the workflow firstSource 7Source 19 |
| Third-party EAs / signals | Discussed in the risk policy | Client bears their risks; broker says it does not test, endorse or monitor third-party toolsSource 19 |
Reference table14
Execution and order behaviour
| Order / condition | Published treatment |
|---|---|
| Execution model | Broker describes STP routing to external liquidity providers; this is a company claimSource 18 |
| Market order | Executed at available prices; price and execution are not generally guaranteedSource 18 |
| Limit / stop order | Limit targets the specified price or better; a triggered stop becomes a market orderSource 18 |
| Stop-loss | Trigger does not guarantee the exit priceSource 18 |
| Partial fills | Possible at different pricesSource 18 |
| GTC / GTD and futures expiry | Validity does not preserve an order beyond an applicable futures-CFD expirySource 18 |
Reference table15
Margin and forced liquidation
| Control | Published rule | Important limit |
|---|---|---|
| Margin call | Equity below 100% of used margin | Platform notification can count even when logged outSource 20 |
| Stop-out | At or below 50% of margin, or another prescribed level | The contract can change requirementsSource 20 |
| Gaps and funding delays | Liquidation can occur without advance notice | Additional funds may not arrive before an automatic closeSource 19 |
| Loss boundary | Loss can exceed the deposited balance | Stop-out is not a guaranteed maximum lossSource 19 |
Reference table16
Selected trading sessions
The execution policy permits rejection for insufficient margin, closed markets, stale prices, technical disruption and restricted activity, including latency arbitrage, quote stuffing and spoofing. After an error, establish whether the first order executed before resubmitting; no special guaranteed outage fill is established.[18]
Deposits, withdrawals & transfers
Sections ↑The payment minimum is a transaction threshold. It does not replace the opening minimum for Classic or Pro. Figures below retain the broker’s dollar denomination even where AED is supported, and processing times are published estimates rather than verified receipt times.[5][4]
Reference table17
Deposit methods
| Method | Minimum | Maximum | Published processing | Currencies |
|---|---|---|---|---|
| Bank transfer | $100 | Unlimited | Up to 2 business days | USD, AEDSource 5 |
| Skrill | $10 | Unlimited | Instant | USDSource 5 |
| Neteller | $10 | Unlimited | Instant | USDSource 5 |
| Credit / debit card | $50 | Unlimited | Instant | USD, AEDSource 5 |
| Apple Pay | $50 | Unlimited | Instant | USD, AEDSource 5 |
| Google Pay | $50 | Unlimited | Instant | USD, AEDSource 5 |
Reference table18
Withdrawal methods
Reference table19
Cash, margin and withdrawal eligibility
| Item | Treatment |
|---|---|
| Equity / available margin | Floating results affect equity; committed margin is not withdrawableSource 20 |
| Verification | KYC and source-of-funds checks can delay or block paymentsSource 20 |
| Deposit instruction | Client Portal → Payments → chosen methodSource 5 |
| Promotion credit | No current general deposit-bonus entitlement was establishedSource 1 |
Reference table20
Historical demo-contest reward: entries are closed
| Term | Published 2025 condition |
|---|---|
| Competition dates | Registration closed 26 September 2025; demo trading ran 29 September–3 October 2025Source 27 |
| $5,000 prize principal | Withdrawal required at least 200 standard lots within 30 calendar daysSource 27 |
| If turnover was not met | Only qualifying profit above the high watermark could be withdrawn; example $6,000 balance / $1,000 profitSource 27 |
| Access and entity scope | Onboarding and bank details required; eligibility wording names Daman SecuritiesSource 27 |
Protection & regulation
Sections ↑Reference table21
Current entity and licence evidence
| Item | Published information | Verification boundary |
|---|---|---|
| Contracting entity | Daman Markets Financial Services LLC | Current company disclosureSource 1 |
| Company identifiers | Registration 2389524; commercial licence 1393481 | Commercial identifiers are distinct from financial authorisationSource 1 |
| Regulatory claim | UAE CMA Category 1 licence 20200000356 | Broker states OTC derivatives and spot-currency brokerage scopeSource 1 |
| Independent firm check | A current firm-specific CMA record was not retrieved in this review | Licence is recorded as not independently verified, not as unregulatedSource 1 |
Reference table22
Protection features and their limits
| Protection topic | Evidence | Limit |
|---|---|---|
| Client-money segregation | Designated client-money account separate from broker assets; no interest payable | Contractual arrangement, not a guarantee against every lossSource 20 |
| Negative balances | Risk policy permits losses beyond deposits and further funding obligations | No unconditional negative-balance protection is establishedSource 19 |
| Private insurance: individual limit | No current client-benefit policy or certificate was located | Insured entity, per-client / per-claim amount and exclusions remain unverifiedSource 1Source 19 |
| Private insurance: shared aggregate | No whole-policy limit was established | No evidence of total shared capacity or how claims would exhaust itSource 1Source 19 |
| Compensation | No applicable compensation entitlement or cap established for this account scope | Do not infer an overseas scheme from the brand or group historySource 1 |
Opening an account & support
Sections ↑Published support and complaint contacts
Customer supportEmail
Customer support phoneTelephone
Compliance complaintsEmail
Reference table23
If the platform is unavailable
| Action / issue | What is established |
|---|---|
| Alternate instructions | The agreement permits authorised channels, including specified phone, email or messaging routesSource 20 |
| Emergency dealing procedure | Dedicated hours, caller authentication, accepted opening / closing / amendment instructions and outage fees were not establishedSource 20Source 18 |
| Order uncertainty | Reconcile order status before submitting again; the execution policy warns about duplicate or corrupted ordersSource 18 |
| Open-position responsibility | Keep monitoring exposure; technology failure does not establish that a position or pending order has closedSource 19 |
Reference table24
Complaints: published steps and targets
| Stage | Published process |
|---|---|
| Confirmation objections (Agreement 3.12) | Confirmations become binding without a written objection received within five Business Days of receipt, except manifest errors or Daman’s error notice within that period. This confirmation rule is separate from general complaint deadlines.Source 21 |
| Submit | Give name, account number, contact details, concern and supporting documentsSource 22 |
| In person | Office 14.01, Sheikh Rashid Tower, World Trade Centre, Dubai, UAESource 22 |
| Acknowledgment | Within 1 business day, with reference number and responsible staff contactSource 22 |
| Initial final response | Aim: within 30 business days; delays require explanation and an updated timelineSource 22 |
| Compliance escalation | If dissatisfied, request independent review; aim: resolution within 30 business daysSource 22 |
| External escalation | Policy allows referral to CMA after the Compliance final responseSource 22 |
Additional services
Sections ↑Reference table25
Acuity tools included in the offer
| Tool | Published function |
|---|---|
| NewsIQ | Financial news and sentiment analysisSource 8 |
| Asset Insights | Instrument price action, performance, volatility and related assetsSource 8 |
| Research Terminal | Research views tailored to a watchlistSource 8 |
| Economic Calendar | Upcoming economic releases and central-bank eventsSource 8 |
| Asset Overview | Filters by price, sentiment and volatilitySource 8 |
| Market Sentiment | Indicators derived from news and trending storiesSource 8 |
Reference table26
Education and account assistance
| Service | Published offer | Scope |
|---|---|---|
| Daman Markets Academy | Trading courses, videos and webinars | Educational resources; course availability can changeSource 29 |
| Market analysis and YouTube | Written analysis and audiovisual learning | Broker guide identifies English and Arabic webinarsSource 29Source 30 |
| Personalised training | One-to-one sessions marketed | Booking, eligibility and session entitlement need confirmationSource 31 |
| Relationship manager | Personal account support advertised | Operational assistance does not establish discretionary investment managementSource 3Source 13 |
Daman Plus documentation is still publicly indexed, but the programme agreement names Daman Securities LLC. A current Financial Services LLC offer, accepted service agreement and exit instructions were not established. The following controls describe the published form rather than assuming it governs every new account.[25][26]
Reference table27
Published Daman Plus form: copying and disconnection
| Control | Terms in the published form |
|---|---|
| Starting to follow | One provider; existing open and pending positions must first be closedSource 26 |
| Stopping / unfollowing | Not automatic: prior Daman approval is requiredSource 26 |
| Exit timing | Reasonable endeavours to approve within 48 hours; no guaranteed immediate exitSource 26 |
| Performance fee | Deducted when unfollowing is approved; the chosen fee appliesSource 26 |
| Copy differences | Insufficient funds or large market moves can prevent replication; execution prices can differSource 26 |
| After disconnection | Treatment of surviving positions, pending orders, stops and continuing fees is not establishedSource 26 |
Reference table28
Strategy-provider role: legacy agreement
| Item | Published programme condition |
|---|---|
| Eligibility | Age 18+, eligible residence, verified live account, own strategy and agreement acceptanceSource 25 |
| Service character | Real-time trade replication; described as neither advice nor portfolio managementSource 25 |
| Operational responsibility | Provider remains responsible for equipment and account activity; compatibility and uninterrupted service are not promisedSource 25 |
Company background & evidence
Sections ↑Reference table29
Current and older legal names on the website
| Document group | Entity named | How to use it |
|---|---|---|
| Current site and principal policies | Daman Markets Financial Services LLC | Current profile scopeSource 1Source 19 |
| Social programme and older website terms | Daman Securities LLC; legacy SCA licence 604020 | Historical / separate-contract evidenceSource 25Source 28 |
| Company history claim | Over two decades of financial-industry expertise | Group / business experience claim, not a verified incorporation date for the current entitySource 23 |
The difference in contracting names is material. A current footer does not establish when an existing account moved, whether the holder consented, or who owes earlier liabilities. No complete client-migration notice was retrieved. Existing clients should reconcile the entity on their agreement and statements before applying the current schedule.[1][28][25]
Reference table30
Existing-account migration points to establish
| Area | Specific unresolved consequence |
|---|---|
| Contract and permission | Transfer date, consent or new KYC, accepted entity and applicable licenceSource 1Source 28 |
| Balances and orders | Treatment of cash, credit, open positions and pending instructionsSource 1Source 25 |
| Records and disputes | Continuity of trade history, statements and responsibility for pre-transfer complaintsSource 1Source 28 |
- Headquarters
- Dubai, United Arab Emirates
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Daman Markets Financial Services LLC
United Arab EmiratesSource 1
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Capital Market Authority20200000356 | Not verified | Checked 11 Oct 2026Current company documents claim CMA Category 1 authorisation for OTC derivatives and currencies in the spot market. A current named-firm authority record was not retrieved; not_verified describes this research limit, not an unregulated status.Source 1 |
Additional Information
Sections ↑Reference table31
Contract and privacy details
| Topic | Published position |
|---|---|
| Contract language | Arabic prevails if translated versions conflictSource 20 |
| Ordinary termination | Either party: 30 business days’ written notice; default provisions differSource 20 |
| Marketing data | Privacy policy permits objection to direct-marketing useSource 24 |
| Required personal data | Declining necessary information can prevent provision of servicesSource 24 |
| External services | Third-party sites apply their own privacy termsSource 24 |
Checked 11 October 2026. Research used indexed excerpts of official company pages and policies after direct retrieval repeatedly failed. The account schedules, document conflicts and limitations above were reviewed; no account opening, payment, execution, support-response or insurance-claim test was performed. Obtain the signed entity agreement and live symbol specifications before relying on a material term.[1][20][6]
Sources & further reading
- Daman Markets: current company disclosure Daman Markets · Accessed 11 Oct 2026
- DM Classic account: terms and account FAQ Daman Markets · Accessed 11 Oct 2026
- DM Pro account: terms and account FAQ Daman Markets · Accessed 11 Oct 2026
- Trade FX: accounts and payment tables Daman Markets · Accessed 11 Oct 2026
- Deposits and Withdrawals: payment methods and FAQ Daman Markets · Accessed 11 Oct 2026
- Trading Specifications: Classic, Pro, stocks and crypto Daman Markets · Accessed 11 Oct 2026
- MetaTrader 5: platform access and analysis tools Daman Markets · Accessed 11 Oct 2026
- Acuity AI Insights: tools, access and installation Daman Markets · Accessed 11 Oct 2026
- Demo Trading Account: virtual balance and platform Daman Markets · Accessed 11 Oct 2026
- Forex: major, minor and exotic currency pairs Daman Markets · Accessed 11 Oct 2026
- Stock CFDs: US, UK, EU and UAE markets Daman Markets · Accessed 11 Oct 2026
- Global share CFD offer: zero commission Daman Markets · Accessed 11 Oct 2026
- Local UAE stock CFDs Daman Markets · Accessed 11 Oct 2026
- Crypto CFDs: products and ownership Daman Markets · Accessed 11 Oct 2026
- Futures CFDs: market coverage and swaps Daman Markets · Accessed 11 Oct 2026
- Commodity CFDs: gold, silver, oil and natural gas Daman Markets · Accessed 11 Oct 2026
- Gold and silver trading in AED Daman Markets · Accessed 11 Oct 2026
- Order Execution Policy Daman Markets · Accessed 11 Oct 2026
- Risk Disclosure Statement Daman Markets · Accessed 11 Oct 2026
- Client Agreement: current Terms of Business Daman Markets · Accessed 11 Oct 2026
- Client Agreement: May 2026 PDF, confirmation clause 3.12 Daman Markets · Accessed 11 Oct 2026
- Complaints Management Policy Daman Markets · Accessed 11 Oct 2026
- Why Daman: company scope and eligibility restrictions Daman Markets · Accessed 11 Oct 2026
- Privacy Policy Daman Markets · Accessed 11 Oct 2026
- Social Trading Programme Agreement: Daman Securities version Daman Markets · Accessed 11 Oct 2026
- Strategy Provider Authorisation Form: Daman Plus Daman Markets · Accessed 11 Oct 2026
- Demo Trading Competition: closed September–October 2025 terms Daman Markets · Accessed 11 Oct 2026
- Website Terms and Conditions: Daman Securities version Daman Markets · Accessed 11 Oct 2026
- Day-trading platform guide: Daman Markets Academy resources Daman Markets · Accessed 11 Oct 2026
- Forex platform guide: Daman payment charges and education Daman Markets · Accessed 11 Oct 2026
- Local support and personalised training Daman Markets · Accessed 11 Oct 2026
- Crypto leverage guide: generic account maximum claims Daman Markets · Accessed 11 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.