Global Broker Regulation Inquiry App
WikiFX
Broker
Rankings
Regulators
Mansuber007
Within 1 year

Can you tell me if Daman Securities allows the use of Expert Advisors (EAs) for automated trading on its trading platforms?

Broker Issues
Daman Securities
Account
Leverage
Instruments
Platform
05-11
United States
WikiFX
Reply

As someone who has navigated the landscape of both proprietary and industry-standard trading platforms, I rely heavily on clear information about the use of Expert Advisors (EAs) for my own workflow. With Daman Securities, I noticed that they primarily offer their own trading platforms along with MT5, but do not support MT4 at all. MT5 generally supports EAs natively, yet—when it comes to Daman Securities—there is no explicit or transparent information regarding EA usage on their version of MT5 or their in-house platforms. Given my own cautious approach, I’m particularly sensitive to regulatory and operational transparency. Daman Securities is an unregulated broker, flagged for high risk and with several serious user complaints citing issues around withdrawals and lack of responsive customer support. For me, this lack of oversight and the reported operational issues would make me hesitant to entrust automated trading strategies—like EAs—that require reliable execution and uninterrupted access. In summary, while MT5 theoretically permits EAs, I have not found any specific assurances or technical documentation from Daman Securities that would give me confidence in using EAs safely and effectively with them. For my trading, this type of uncertainty and regulatory vacuum weighs heavily on my decision and I would urge others to exercise added caution.

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com