Daman Markets Information
Daman Markets Is A Brokerage Company Operating In The UAE Since 2022. It Mainly Provides Trading Services For Forex, Commodities, Indices, Stocks, Metals Through The World-renowned MT5 Platform. The Company Allows Traders To Trade Socially, Interact And Follow With Successful Senior Investors.
Pros And Cons
Pros: SCA Regulated, MT5 Platform, Social Trading Possible
Cons: DM PRO Account Charges Commissions, High Minimum Deposits, Regional Restrictions
What Can Daman Markets Trade?
Daman Markets Offers A Wide Range Of Market Instrument Trading Services, Mainly Covering 4 Asset Classes.
Forex: Forex Is A Market Where Currencies Of Countries Are Exchanged For Each Other Globally, Promoting International Trade And Investment.
Commodities: Commodities Are Basic Commodities Used In Commerce And Are Interchangeable With Similar Commodities, Such As Precious Metals.
Indices: Indices Are Statistical Indicators That Represent The Performance Of A Particular Portfolio Of Assets, Such As Stocks Or Bonds.
Stocks: Stocks Represent Ownership Shares In Large Companies, Such As Apple, Tesla, Etc.
When Conducting Investment Activities, Always Adhere To The Principle Of Diversification, Allocating Funds To Various Products, Not Just You Are Optimistic About A Certain Product.
Account Types/Fees
Daman Markets Offers 2 Tiered Real Account Types:
DM CLASSIC Account Minimum Deposit Requirement Is 50 Dollars, With Spread Starting From 1.2 Pips And No Commission. Interest-free Trading Can Be Applied In Accordance With Sharia Requirements.
While DM PRO Account Has A Higher Starting Point Requirement Of $20,000 And Spread Starting From 0 Pips, But There Is A Commission Of $35 Per Million Dollars. This Account Does Not Offer Interest-free Trading.
Leverage
Leverage Is A Trading Tool That Allows You To Control Larger Positions With Less Money, But It Should Be Used With Caution. Risk Management Is Essential For Every Investor.
At Daman Markets, The DM CLASSIC Account Can Be Leveraged Up To 1:500, While The DM PRO Account Can Be Leveraged Up To 1:100.
Trading Platform
Daman Markets Provides Traders With The Popular And Powerful MetaTrader5 Trading Platform.
MetaTrader5 Is A Widely Used Platform That Enables Instant Execution Of Orders And Displays 100 Technical Charts Simultaneously. It Is Also Equipped With Basic Analysis, Trading Signals, And Allows Copy Trading Functions. You Can Download The App From Your PC And Use It On Your Mobile Phone On IOS And Android Platforms.
