Daman Securities — United Arab Emirates
Key facts (8)
- Who actually onboards you
- Daman Securities LLC
- Licence number
- 604020
- Established
- 2014group
- Min deposit, USD
- not stated
- Platforms
- Online web-based trading · Daman mobile app · professional trading platforms
- Local funding
- UAE bank transfer, UAE debit/credit cards
- Max leverage
- not stated
- EURUSD
- 1.2 pipsgroup
This broker against the United Arab Emirates middle (40 of 76)
| Daman Securities | United Arab Emirates median | |
|---|---|---|
| Round turn, USD | 12.0 USD | 7.0 USD |
| Min deposit, USD | no data | 50.0 USD |
| Max leverage | no data | 500.0geo |
| Withdrawal, h | no data | 36.0 h |
| EURUSD, standard | 1.2 pipsgroup | 1.0 pips |
| EURUSD, raw | 0.0 pipsgroup | 0.0 pips |
| Established | 2014group | 2009.0 |
| Platforms | 3 | 3.0 |
Accepts residents of United Arab Emirates
Yes
Score (4/6 axes)
Shown, not ranked: no review-platform rating
Licence check
Who actually onboards you
Daman Securities LLC
Entity not established
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
Securities trading account (online web, mobile, professional platforms) for local, regional and global markets
Withdrawal time and methods
Rating, and how many people left it
Software and market access (3)
Online web-based trading · Daman mobile app · professional trading platforms
DFM, ADX and Nasdaq Dubai equities; regional markets (Tadawul, QSE, Boursa Kuwait); global markets (US, Europe, UK, Asia)
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 (1)
- Licensed locally: 604020
Cons (4)
- Round turn 12.0 USD against a United Arab Emirates median of 7.0
- Withdrawal time not published
- No public review-platform rating, so the review axis is absent
- Minimum deposit for this country not published
Other brokers that onboard United Arab Emirates residents (6)
Where it does not serve
Afghanistan, Central African Republic, Congo, Haiti, Iraq, Iran, Kenya, Lebanon, Libya, Mali, Myanmar, North Korea (DPRK), Russia, Somalia, Sudan, 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 (4)
Does Daman Securities accept residents of United Arab Emirates?
Yes.
Which entity onboards a United Arab Emirates client of Daman Securities?
Daman Securities LLC
What licence does Daman Securities hold for United Arab Emirates?
Licence 604020.
What does one EURUSD lot cost at Daman Securities?
12.0 USD per round turn against a United Arab Emirates median of 7.0 USD, measured on 40 of 76 brokers.