Global Broker Regulation Inquiry App
WikiFX
J Forex Trader 
1-2 years
Is Daman Markets a safe and legit broker?
Broker Issues
Regulation
08-02
United States
WikiFX
Reply
Daman Markets is a legitimate broker regulated by the SCA, providing some level of investor protection. However, it's important to be cautious about the high leverage and the potential risks involved in trading. The lack of regulation in other regions could also raise concerns for some traders.
Similar Questions
What particular advantages does M&H offer in terms of its range of trading instruments and its fee structure?
Mansuber007
08-23
What major risks or drawbacks should I keep in mind when considering Societe Generale?
Rpy Sundram
08-28
Is Topmax Global regulated?
TJensen
06-02
Is PFD legit to trade with?
mohdfazlan
08-11
Is Valbury regulated?
ritzyshona
06-29