GENERAL INFORMATION
DAMFOREX Is An Unregulated Broker That Offers Forex, Precious Metals And Indices Trading Through The CTrader Trading Platform With Leverage Up To 1:400 And Spreads Starting From 0.5 Pips. The Minimum Deposit Requirement Is Only 50 Dollars.
Pros And Cons
Pros
Low Spreads
Low Minimum Deposit Requirement
Cons
No Regulation
No Demo Account
No MT4/MT5 Platform
Less Contact Channels
Regional Restrictions
Is DAMFOREX Legal?
Investing With DAMFOREX Is Risky Due To The Lack Of Effective Regulation Or Supervision By The Government Or Financial Institution Group. Before Deciding To Invest With Them, It Is Essential To Conduct Serious Research And Carefully Consider The Potential Risks And Rewards. It Is Recommended To Invest With A Regulated Broker To Ensure The Safety And Security Of Your Funds.
Market Instruments
Offers Forex, Precious Metals, Indices.
Account Types
DAMFOREX Offers Two Account Types:
Minimum Deposit For Fast Account Is 50 Dollars
Minimum Deposit For Professional Account Is $5,000
Leverage
DAMFOREX Offers Different Leverage Ratios Depending On Whether You Have A Fast Account Or A Professional Account. The Maximum Leverage Ratio For Fast Accounts Is 1:400, While The Maximum Leverage Ratio For Professional Accounts Is 1:100.
Leverage Is One Of The Most Important Factors In Forex Trading And Can Amplify Potential Profits And Losses. Basically, Leverage Allows Traders To Control Larger Positions With Less Capital. This Means That Traders Can Make Significantly Larger Profits From Relatively Small Price Movements In The Market. However, It Is Important To Keep In Mind That Leverage Also Increases The Level Of Risk.
Trading Platform
DAMFOREX Offers The CTrader Trading Platform, Known For Its Advanced Features And User-friendly Interface That Caters To Traders Of All Levels. Traders Have Access To A Wide Range Of Financial Instruments That Provide Real-time Market Data And Customizable Charting Tools.
The CTrader Platform Is Available On Multiple Devices, Including Desktop Computers, Web Browsers, And Mobile Devices, Providing Flexibility And Convenience For Traders Who Trade Outside The Home.
It Is Compatible With IOS And Android Devices, Ensuring Traders Can Access Their Accounts And Trade Anytime, Anywhere.
Deposits And Withdrawals
There Is No Specified Minimum Withdrawal Amount And No Specified Fee. Available Payment Methods Are Not Mentioned.
Customer Support
Contact Form
Email: Support@damforex.com
Address: Bonovo Road, Fomboni City, Comoros, P.O. Box 1257, KM
Area Restrictions
Not Allowed US, Canada, Sudan, Syria, North Korea, Iran, Iraq, Mauritius, Myanmar, Yemen, Afghanistan And Vanuatu Customers
