Daman Markets — United Arab Emirates
Key facts (8)
- Who actually onboards you
- Daman Securities LLC
- Licence number
- 604020
- Established
- 2022
- Min deposit, USD
- 250 USDgeo
- Platforms
- MetaTrader 5
- Local funding
- UAE bank wire transfer, VISA/Mastercard debit/cr
- Max leverage
- 500geo
- EURUSD
- 1.2 pipsgeo
This broker against the United Arab Emirates middle (40 of 76)
| Daman Markets | United Arab Emirates median | |
|---|---|---|
| Round turn, USD | 12.0 USD | 7.0 USD |
| Min deposit, USD | 250 USDgeo | 50.0 USD |
| Max leverage | 500geo | 500.0geo |
| Withdrawal, h | up to 2 business days hgroup | 36.0 h |
| EURUSD, standard | 1.2 pipsgeo | 1.0 pips |
| EURUSD, raw | 0.0 pipsgroup | 0.0 pips |
| Established | 2022 | 2009.0 |
| Platforms | 1 | 3.0 |
Accepts residents of United Arab Emirates
Yes
Score (5/6 axes)
Shown, not ranked: no review-platform rating
Licence check
Who actually onboards you
Daman Securities LLC
Locally licensed entity
Daman Securities LLC (trading as Daman Markets)
Cost against the United Arab Emirates median (40 of 76)
standard
Distributions across the base
Round-turn cost, USD (40 of 76)
Median 7.0 · Range 3.0–14.0 USD
Minimum deposit, USD (18 of 76)
Median 50.0 · Range 0.0–10000.0 USD
Accounts
DM Classic (min deposit $250, spreads from 1.2 pips, no commission, swap-free) and DM Pro (min deposit $20,000)
Withdrawal time and methods
Rating, and how many people left it
Software and market access (1)
MetaTrader 5
Forex, and CFDs on indices, stocks, metals and commodities; also direct DFM/ADX local stock access via Daman Markets
The tax side in United Arab Emirates
0% personal income tax and 0% capital gains tax on individual trading profits (forex, stocks, crypto, derivatives) - as of the review (2026); individuals keep full trading profit. Corporate tax of 9% applies to business profits above AED 375,000 (since June 2023), but a 'Qualifying Free Zone Person' in DIFC/ADGM/DMCC can qualify for 0% on qualifying income. Traders operating as a business/company
Arguments for, arguments against
Pros (2)
- Licensed locally: 604020
- Swap-free account available
Cons (2)
- Round turn 12.0 USD against a United Arab Emirates median of 7.0
- No public review-platform rating, so the review axis is absent
Other brokers that onboard United Arab Emirates residents (6)
Where it does not serve
Afghanistan, Central African Republic, Congo, Haiti, Iran, Iraq, Kenya, Lebanon, Libya, Mali, Myanmar, North Korea, Russia, Somalia, South Sudan, Syria, Venezuela, Yemen
Methodology
2 + 3 × weighted mean of six axes · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Verified · what changed · sources (4)
Checked: 2026-07-11
FAQ (5)
Does Daman Markets accept residents of United Arab Emirates?
Yes.
Which entity onboards a United Arab Emirates client of Daman Markets?
Daman Securities LLC
What licence does Daman Markets hold for United Arab Emirates?
Licence 604020.
What does one EURUSD lot cost at Daman Markets?
12.0 USD per round turn against a United Arab Emirates median of 7.0 USD, measured on 40 of 76 brokers.
How long does a withdrawal from Daman Markets take?
up to 2 business days hours as published. Processing time Up to 2 business days