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Daman Securities in United Arab Emirates — review, licence and costs
Score (4 of 6 axes scored)
shown, not ranked: no reviews
- Round-turn cost20%0
- Safety20%90
- Track record10%60
- Platforms10%0
Numbered by weight: axis 1 counts for most.
Who actually onboards you
- Entity that onboards United Arab Emirates residents
- Daman Securities LLC
- Local standing
- SCA-regulated domestic full-service equities/securities brokerage
- Licence as the register states it
- SCA-licensed UAE brokerage, First Category (Dealing in Securities), license No. 604020 (trading & clearing broker, global markets, OTC derivatives & FX spot). CR No. 2112974. Member of DFM, ADX and Nasdaq Dubai
- Leverage for this entity
- Margin per SCA rules on local equities; forex/CFDs offered via Daman Markets brand
- The firm behind it
- UAE brokerage firm active for 25+ years (established 1998), World Trade Centre Dubai; operates the Daman Markets forex/CFD brand alongside its securities brokerage
- What we hold against it
- not verified at review
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards UAE residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Client protection
- Local entity onboards youSCA-regulated domestic full-service equities/securities brokerage
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against the UAE market median(priced from 60 of 75)
Medians run over the 60 of 75 brokers that publish a price for United Arab Emirates, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Securities trading account (online web, mobile, professional platforms) for local, regional, global markets. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where Daman Securities sits in the UAE base(75 brokers)
Round-turn cost, USD (60 of 75 priced)
Median 7 USD · range 2-35 · this broker 35 USD · 15 of 75 brokers do not publish it
Minimum deposit, USD (33 of 75 priced)
Median 50 USD · range 0-10000 · this broker 250 USD · 42 of 75 brokers do not publish it
Retail leverage (53 of 75 with a UAE figure)
Median 1:500 · range 1-5000 · this broker 1:500 · 22 of 75 brokers do not publish it
Withdrawal time published (75 brokers)
Payouts(2 methods)
| Method | Deposit, h | Fee, USD | Min, USD |
|---|---|---|---|
| UAE bank transfer | 24 | 0 | 50 |
| Credit cards | 24 | 0 | 50 |
Deposit and withdrawal methods (2 methods · 1 local)
UAE bank transfer, UAE debit/credit cards
- UAE bank transferlocal
- Credit cards
- Account currency
- AED
- Fee declared
- 2 of 2 methods
- Withdrawal back to
- the funding method
Where it does not serve(19 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(3 platforms)
- Online web-based trading
- Daman mobile app
- professional trading platforms
Identical for every row: Min spread 1.2 · Leverage 500 UAE.
Pros and cons(3 for and 6 against, each tied to a figure on this page)
- Locally authorised, licence 604020, read on 11.07.2026
- Safety 90 of 100, its strongest of 4 scored axes
- 3 platforms: Online web-based trading, Daman mobile app, professional trading platforms
- Round turn 35 USD on the raw + commission basis, over the United Arab Emirates median 7
- A regulator warning is on file against this broker
- Min deposit 250 USD, over the United Arab Emirates median 50
- Withdrawal time not published
- Round-turn cost 0 of 100, its weakest of 4 scored axes
- Not scored on reviews, payouts: the broker publishes no figure we could read
Alternatives in the UAE(6 of 75 scored in United Arab Emirates)
- Round turn, USD
- 10UAE
- Min deposit, USD
- 50UAE
- Leverage
- 30UAE
- Rank in this country
- #36
- Round turn, USD
- 7UAE
- Min deposit, USD
- 10 groupUAE
- Leverage
- 200UAE
- Rank in this country
- #2
- Round turn, USD
- 6UAE
- Min deposit, USD
- 50UAE
- Leverage
- 1000 group
- Rank in this country
- #16
- Round turn, USD
- 7UAE
- Min deposit, USD
- 500 groupUAE
- Leverage
- 30UAE
- Rank in this country
- #30
- Round turn, USD
- 13.6UAE
- Min deposit, USD
- 0UAE
- Leverage
- 30UAE
- Rank in this country
- #42
- Round turn, USD
- 4UAE
- Min deposit, USD
- 50 groupUAE
- Leverage
- 1000UAE
- Rank in this country
- #15
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a UAE score. Full methodology
| Axis | Weight | What is measured | Daman Securities |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | — |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 0 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 90 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | — |
| Track record | 10% | Years since the firm was founded, from its own filings | 60 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 0 |
— the broker does not publish this figure; it is not read as a zero and it is not scored.
FAQ
- Does Daman Securities accept residents of United Arab Emirates?
- Yes. SCA-regulated domestic full-service equities/securities brokerage Onboarding entity: Daman Securities LLC
- Is Daman Securities licensed to serve clients in United Arab Emirates?
- SCA-licensed UAE brokerage, First Category (Dealing in Securities), license No. 604020 (trading & clearing broker, global markets, OTC derivatives & FX spot). CR No. 2112974. Member of DFM, ADX and Nasdaq Dubai Checked on 11.07.2026.
- How much does one round turn cost at Daman Securities?
- About 35.0 USD per standard lot on EUR/USD. The median across brokers measured for United Arab Emirates is 7.0 USD.
- What leverage does Daman Securities offer to retail clients in United Arab Emirates?
- Up to 1:500. Leverage: Up to 1:500
- Which trading platforms does Daman Securities support?
- Online web-based trading, Daman mobile app, professional trading platforms. Instruments: DFM, ADX and Nasdaq Dubai equities; regional markets (Tadawul, QSE, Boursa Kuwait); global markets (US, Europe, UK, Asia)
- How can I withdraw money from Daman Securities in United Arab Emirates?
- UAE bank transfer, UAE debit/credit cards
- What account types does Daman Securities offer?
- Securities trading account (online web, mobile, professional platforms) for local, regional and global markets
Taxes for a UAE resident(1 rule)
- 0% personal income tax and 0% capital gains tax on individual trading profits (forex, stocks, crypto, derivatives) - as of the review (2026);https://www.damansecurities.com/
Not tax advice. Check with the Federal Tax Authority.