1,062 broker-country pairs measured448 brokers20 countriesformula v1.0recalculated 2026-07-11data re-captured 2026-07-11updated 1 day agoAffiliate links never change scores.

Daman Markets in AE — review, licence and costs

FTFaisal Tannous author DMDaniel Mercer editor HMHadi Mansour fact-checker score recalculated 01.10.2026

yesAccepts residents of the United Arab EmiratesOpened by Daman Markets (UAE) LLC, SCA licence 604020, register checked 2026-07-11

Offshore storefront vs local (40 of 76 fields)

Field

Group site

UAE resident

Entity

Halden Global Ltd

Daman Markets (UAE) LLC

Regulator

FSA Seychelles

SCA

Retail leverage

1:1000group

1:50UAE

Min deposit, USD

10group

100UAE

Currencies

USD, EUR

USD, AED

Negative balance cover

no data

Yes

Complaints

FSA

SCA

Score (40 of 76 of 76 axes)

shown, not ranked: no reviews

Reviews25%no data
Reviews20%cost 65
Reviews20%safety 90
Reviews15%payouts 60
Reviews10%track_record 20
Reviews10%platforms 40

2 + 3 × 0.751 = 4.25 · axes on 0–100, total on 2.0–5.0

Who actually onboards you(40 of 76 local and 1 offshore entity in the group)

Sign-up from a UAE addressRouted to the UAE LLC by residence, not by IP.
KYC by the UAE LLCEmirates ID and proof of address.
Contract with the LLCSCA rules apply; complaints go to SCA.
Client moneySegregated with a UAE bank; bank name no data

Local entityUsed for UAE residents

Daman Markets (UAE) LLC, SCA 20200000187
Retail leverage 1:50UAE
Negative balance protection: yes

Offshore entityNot used for UAE residents

Halden Global Ltd, FSA Seychelles
Leverage 1:1000group
No SCA complaints route

If the sign-up form ever lands you on the Seychelles entity, the SCA licence above does not cover your account.

Leverage by entity (40 of 76 of 76 entities stated)

The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards UAE residents enters the score.

Local entity · onboards youLocal entitylocal · SCA licence 604020

1:75UAE

UAE median, local entities: 1:50 · 18 of 20 statedApplies to you

Local entity · onboards youOffshore entityoffshore · SCA licence 604020

1:500UAE

UAE median, local entities: 1:50 · 18 of 20 statedApplies to you

Scale from 1:10 to 1:3000, logarithmic.

Client protection (40 of 76 of 76 stated)

Local entity onboards youSCA-regulated domestic; UAE/GCC-focused forex & CFD arm of Daman Securitiesclient agreement §4.2 · page
Segregated client fundsno dataclient agreement §4.2 · page
Negative balance protectionno dataclient agreement §4.2 · page
Investor compensation schemeno dataclient agreement §4.2 · page
Regulator warning on filenone foundclient agreement §4.2 · page

“no data” 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 40 of 76 of 76)

Round turn, 1 lot EURUSD, spread plus commission, USD

Halden Raw6.20

UAE median, raw and swap-free9.20

Halden Standard11.40

UAE median, standard (40 of 76 priced)13.90

Instrument	Halden Raw, USD	Halden Std, USD	UAE median raw	UAE median std	Priced

Medians run over the brokers that publish a UAE price, never over all 44. Group-wide prices are excluded.

Accounts(40 of 76 types)

Account	Min deposit, USD	EURUSD spread, pips	Commission, USD	Leverage	Swap	Currencies

Swap-free account terms (40 of 76 terms · 5 stated)

Term	Halden, UAE

Terms read from the account page on 01.10.2026. The cap on open positions is not published.

Where Halden sits in the UAE base(40 of 76 brokers)

Round-turn cost, USD (40 of 76 of 76 priced)

2<6.5

26.5–7.5

27.5–8.5

38.5–9.5

39.5–10.5

110.5–11.5

4≥11.5

Highlighted: Halden Raw at 6.20

Minimum deposit, USD (40 of 76 of 76 priced)

9<25

925–99

10100

3101–299

4≥300

Highlighted: Halden at 100 · UAE median 50

Retail leverage (40 of 76 of 76 with a UAE figure)

11≤1:30

71:50

51:51–200

61:201–400

10>1:400

1 group-only figure excluded · 4 no data

Withdrawal time published (40 of 76 brokers)

Published, hours6No data38Halden is one of the 6

Payouts(40 of 76 of 76 methods timed)

Method	Deposit, h	Withdrawal, h	Fee, USD	Min, USD

Deposit and withdrawal methods (40 of 76 methods · 2 local)

UAE bank wire transferlocal
Deposit
instant
Withdrawal
deposit only
Fee
no data
VISAlocal
Deposit
instant
Withdrawal
deposit only
Fee
no data
Mastercard debitlocal
Deposit
instant
Withdrawal
deposit only
Fee
no data
credit cardslocal
Deposit
instant
Withdrawal
deposit only
Fee
no data

Account currency: AED
Fastest withdrawal: up to 2 business days h UAE
Fee declared: 4 of 6 methods
Withdrawal back to: the funding method

Where it does not serve(40 of 76 countries)

Afghanistan, Central African Republic, Congo, Haiti, Iran, Iraq, Kenya, Lebanon, Libya, Mali, Myanmar, North Korea, Russia, Somalia, South Sudan, Syria, Venezuela, YemenAfghanistan, Central African Republic, Congo, Haiti, Iran, Iraq, Kenya, Lebanon, Libya, Mali, Myanmar, North Korea, Russia, Somalia, South Sudan, Syria, Venezuela, YemenAfghanistan, Central African Republic, Congo, Haiti, Iran, Iraq, Kenya, Lebanon, Libya, Mali, Myanmar, North Korea, Russia, Somalia, South Sudan, Syria, Venezuela, YemenAfghanistan, Central African Republic, Congo, Haiti, Iran, Iraq, Kenya, Lebanon, Libya, Mali, Myanmar, North Korea, Russia, Somalia, South Sudan, Syria, Venezuela, YemenAfghanistan, Central African Republic, Congo, Haiti, Iran, Iraq, Kenya, Lebanon, Libya, Mali, Myanmar, North Korea, Russia, Somalia, South Sudan, Syria, Venezuela, YemenAfghanistan, Central African Republic, Congo, Haiti, Iran, Iraq, Kenya, Lebanon, Libya, Mali, Myanmar, North Korea, Russia, Somalia, South Sudan, Syria, Venezuela, YemenAfghanistan, Central African Republic, Congo, Haiti, Iran, Iraq, Kenya, Lebanon, Libya, Mali, Myanmar, North Korea, Russia, Somalia, South Sudan, Syria, Venezuela, YemenAfghanistan, Central African Republic, Congo, Haiti, Iran, Iraq, Kenya, Lebanon, Libya, Mali, Myanmar, North Korea, Russia, Somalia, South Sudan, Syria, Venezuela, YemenAfghanistan, Central African Republic, Congo, Haiti, Iran, Iraq, Kenya, Lebanon, Libya, Mali, Myanmar, North Korea, Russia, Somalia, South Sudan, Syria, Venezuela, YemenAfghanistan, Central African Republic, Congo, Haiti, Iran, Iraq, Kenya, Lebanon, Libya, Mali, Myanmar, North Korea, Russia, Somalia, South Sudan, Syria, Venezuela, YemenAfghanistan, Central African Republic, Congo, Haiti, Iran, Iraq, Kenya, Lebanon, Libya, Mali, Myanmar, North Korea, Russia, Somalia, South Sudan, Syria, Venezuela, YemenAfghanistan, Central African Republic, Congo, Haiti, Iran, Iraq, Kenya, Lebanon, Libya, Mali, Myanmar, North Korea, Russia, Somalia, South Sudan, Syria, Venezuela, YemenAfghanistan, Central African Republic, Congo, Haiti, Iran, Iraq, Kenya, Lebanon, Libya, Mali, Myanmar, North Korea, Russia, Somalia, South Sudan, Syria, Venezuela, YemenAfghanistan, Central African Republic, Congo, Haiti, Iran, Iraq, Kenya, Lebanon, Libya, Mali, Myanmar, North Korea, Russia, Somalia, South Sudan, Syria, Venezuela, YemenAfghanistan, Central African Republic, Congo, Haiti, Iran, Iraq, Kenya, Lebanon, Libya, Mali, Myanmar, North Korea, Russia, Somalia, South Sudan, Syria, Venezuela, YemenAfghanistan, Central African Republic, Congo, Haiti, Iran, Iraq, Kenya, Lebanon, Libya, Mali, Myanmar, North Korea, Russia, Somalia, South Sudan, Syria, Venezuela, YemenAfghanistan, Central African Republic, Congo, Haiti, Iran, Iraq, Kenya, Lebanon, Libya, Mali, Myanmar, North Korea, Russia, Somalia, South Sudan, Syria, Venezuela, YemenAfghanistan, Central African Republic, Congo, Haiti, Iran, Iraq, Kenya, Lebanon, Libya, Mali, Myanmar, North Korea, Russia, Somalia, South Sudan, Syria, Venezuela, Yemen

From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.

Platforms and markets(40 of 76 of 76 platforms confirmed · 6 asset classes)

MT5: MetaTrader 5
cTrader: MetaTrader 5
Web terminal: MetaTrader 5
Mobile app: MetaTrader 5
Copy trading: MetaTrader 5
TradingView: MetaTrader 5

Class	Count	Min spread	Leverage

Reviews(40 of 76 platform · 25% of the score)

4.2/ 5

Trustpilot rating

1,384

reviews

28.09

snapshot, 2026

5 star64%

4 star14%

3 star6%

2 star4%

1 star12%

Snapshot	Rating	Reviews

Share of reviewers in the UAE: no data The platform does not publish it.

Topics in 1-star reviews (40 of 76 reviews, snapshot 28.09.2026)

Withdrawal delays41 · 25%

Verification (KYC)33 · 20%

Slippage22 · 13%

Support response19 · 11%

Other51 · 31%

Pros and cons(40 of 76 + 5, each tied to a figure above)

For

Raw round turn 6.20 USD vs UAE median 9.20
SCA licence 20200000187, active on 01.10.2026
AED account; bank withdrawal 24 h, fee 0
Swap-free with no admin fee; ranked #1 of 30
One of 6 of 44 brokers that publish a withdrawal time

Against

Payouts axis 58 of 100, the lowest of six
Min deposit 100 USD vs 10 at Tidemark
E-wallet withdrawal time and fee not published
Group site advertises 1:1000, unavailable to UAE residents
Gold round turn 9.80 USD; 3 brokers price it lower

Alternatives in the UAE(40 of 76 of 76)

Methodology(40 of 76 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	Halden

FAQ(40 of 76 questions)

Taxes for a UAE resident(40 of 76 rules · as of 10.2026)

0% personal income tax and 0% capital gains tax on individual trading profits (forex, stocks, crypto, derivatives) - as of the review (2026);https://damanmarkets.com/domain

Not tax advice. Check with the Federal Tax Authority.

Verified · What changed · Sources(40 of 76 sources · 4 changes)

Verified01.10.2026

next review 01.01.2027

What changed

Sources · precision