DAMAS GROUP Review

About DAMAS GROUP

DAMAS GROUP (via domain diamond-way.net) operates as an unregulated offshore forex and CFD broker with no registrations in recognized regulatory bodies. No record was found in the Investment Industry Regulatory Organization of Canada (IIROC) despite the broker’s claimed Canada address (). Publicly available information indicates absence of valid licenses across major jurisdictions, and regulatory registries provide no evidence of authorization ().

Reported trading conditions include leverage up to 1:400 or up to 1:1500, MetaTrader 5 platform claimed, minimum deposit ranging from $10 to $3,000 depending on source, and coverage of assets including forex, stocks, metals, futures, and CFDs ().

Pros and cons

Pros

• Wide range of tradable instruments: stocks, futures, currencies, metals, CFDs ().
• MetaTrader 5 platform support reported ().
• Low minimum deposit advertised as $10 in some reports ().

Cons

• No valid regulation or licensing in any jurisdiction; unverified and high-risk ().
• Website accessibility issues and non-functional elements observed (forms, links) ().
• Potential inconsistencies in trading conditions (e.g., conflicting leverage and deposit requirements) ().
• No clear information on spreads, commissions, fund safety mechanisms like segregated accounts or investor protection ().