Global Broker Regulation Inquiry App
WikiFX
J Forex Trader 
1-2 years
Is Daman Markets a safe and legit broker?
Broker Issues
Regulation
2025-08-02
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.
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