The newcomers, Mena Focced Retail FX and CFDS Broker Daman Markets announced that it began access to stocks recorded by the UAE in the Dubai financial market (DFM) and Abu Dhabi Securities Exchange (ADX). This new feature provides regional traders access to large, major emirates companies such as Emaar, Adnoc, Emirates NBD, Salik and much more.
With the introduction of UAE reserves, Daman Markets said it becomes one of the few brokers who allows traders to experience worldwide negotiation while facing the specific needs of regional traders. The newest CFDs offered to some of the UAE bookrunners allow traders to differentiate their portfolios and benefit from the rapid growth of the local market.
A key feature of the launch is the introduction of Dirham -based accounts. This allows traders to participate in local markets using the UAE national currency with zero conversion fees. The functioning of the UAE national currency ultimately allows regional traders to simplify the complexities involved in the conversion of local transactions or assets into objects that possess alternative currencies for currency purposes.
Samer Mourched, CEO of Daman Markets, underlined the importance of launch,
“This launch is more than just starting with new markets. It is about opening our doors to traders in opportunities in their background.
“As a global broker with roots in the UAE, our goal is to provide traders access to local markets in their currency, supported by groups deeply sinking into the area.
Daman Markets added that the introduction of the UAE shares negotiated during a period of rapid growth and global promotion for UAE capital markets. With public registrations and a wider range of international and local investors, DFM and ADX have become the main drivers of the UAE regional economy. However, access to these markets is limited, as retail traders are looking for local and competitive trading solutions.
Daman Markets provides local solutions for shares marketing, providing a platform that meets regional expectations, while maintaining a global commercial experience. The company is unique in approaching Dirham -based accounts and the local compliance regulation, working with support groups that have fluent in the political jurisdiction and specific attitudes of the UAE market. This first Localisition approach allows Daman’s markets to offer an unparalleled level of service and expertise in the commercial community of the PSB.
For Daman purchases
Duman Markets, based in Dubai, started as a new MT5 CFDS Broker in 2023, surpassed Daman Securities, a Daman Investments subsidiary, part of Gargash Group. Daman Markets is directed by former Advanced Markets executive Samer Mourched.