WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com

您当前语言与浏览器默认语言不一致，是否切换？

切换

Global Broker Regulation & Inquiry App

Broker Search

English

简体中文繁體中文 English Pусский 日本語 ภาษาไทย Tiếng Việt Bahasa Indonesia Español हिन्दी Filippiiniläinen Français Deutsch Português Türkçe 한국어 العربية

Download

Home -

Broker -

DAMFOREX -

No Regulation

Score

0123456789

/10

DAMFOREX

Item: DAMFOREX
Rating: 1.27

Comoros|1-2 years|

Suspicious Scope of Business|High potential risk|

http://www.damforex.com/

Website

Open Account Time Machine

Rating Index

Contact

support@damforex.com

http://www.damforex.com/

P.B. 1257 Bonovo Road, Fomboni, Comoros,KM

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

40G

Open Now

Check whenever you want

Download App for complete information

Download on the

WikiFX (Global)

Download on the

WikiFX (China)

Download Apk

WikiFX Pro

Warning: Low score, please stay away!

Previous Detection : 2024-12-04

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5 Identification

Genealogy

Clones

Keywords

Account Information

Time Machine

DAMFOREX · WikiFX Survey

Benchmark	--
Maximum Leverage	1:100
Minimum Deposit	500USD
Minimum Spread	0.5
Products	--

Currency	--
Minimum Position	0.01
Supported EA
Depositing Method	--
Withdrawal Method	--
Commission	--

Benchmark	--
Maximum Leverage	1:1000
Minimum Deposit	500USD
Minimum Spread	1.3
Products	--

Currency	--
Minimum Position	0.01
Supported EA
Depositing Method	--
Withdrawal Method	--
Commission	--

Platform Capital Ratio

--%

-- --

100%

--%

100%

Fundamental Item(A)
Total Supplementary Items(B)
Debt Amount(C)
Non-Fixed Capital(A)+(B)-(C)=(D)
Relative amount of risk(E)
Market Risk
Transaction Risk
Underlying Risk

Capital
$(USD)

Users who viewed DAMFOREX also viewed..

XM

9.05

Score

10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License

Details

Official website

MiTRADE

8.49

Score

10-15 yearsRegulated in AustraliaMarket Making(MM)

Details

Official website

Neex

9.12

Score

15-20 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License

Details

Official website

FP Markets

8.88

Score

15-20 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License

Details

Official website

DAMFOREX · Company Summary

DAMFOREXReview Summary
Founded	2022
Registered Country/Region	Comoros
Regulation	No regulation
Market Instruments	Forex, metals, indices
Demo Account	❌
Leverage	Up to 1:400
Spread	From 1.3 pips (Express account)
Trading Platform	cTrader
Min Deposit	$50
Customer Support	Contact form
	Email: support@damforex.com
	Address: P.B. 1257 Bonovo Road, Fomboni, Comoros, KM
Regional Restrictions	The United States, Canada, Sudan, Syria, North Korea, Iran, Iraq, Mauritius, Myanmar, Yemen, Afghanistan, and Vanuatu clients are not allowed

DAMFOREX Information

DAMFOREX is an unregulated broker, offering trading on forex, metals and indices with leverage up to 1:400 and spread from 0.5 pips via cTrader trading platform. The minimum deposit requirement is only $50.

Pros and Cons

Pros	Cons
Tight spreads	No regulation
Low minimum deposit requirement	No demo accounts
	No MT4/MT5 platform
	Few contact channels
	Regional restrictions

Is DAMFOREX Legit?

Investing with DAMFOREX carries risk due to the absence of any valid regulation or oversight from government or financial authorities. It is crucial to conduct diligent research and carefully consider the potential risks and rewards before deciding to invest with them. It is advisable to invest with regulated brokers to ensure the safety and security of your funds.

What Can I Trade on DAMFOREX?

Tradable Instruments	Supported
Forex	✔
Metals	✔
Indices	✔
Stocks	❌
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

Here are two account types DAMFOREX offers:

Account Type	Min Deposit
Express	$50
Professional	$5,000

Leverage

DAMFOREX offers different leverage ratios, depending on whether you have an Express or a Professional account. The maximum leverage of 1:400 is available to those with an Express account, while the maximum leverage for a Professional account is 1:100.

Account Type	Max Leverage
Express	1:400
Professional	1:100

Leverage is one of the most important factors when trading forex, as it can amplify potential profits as well as losses. Essentially, leverage allows traders to control larger positions with smaller amounts of capital. This means that traders can make significantly larger profits from relatively small price movements in the market. However, it is important to keep in mind that leverage also increases the level of risk.

DAMFOREX Fees

Account Type	Spread	Commission
Express	From 1.3 pips	✔
Professional	From 0.5 pips	❌

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
cTrader	✔	Web, Android, Windows	Experienced traders
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders