WikiFX

Sagot

In my experience as a forex trader, I pay very close attention to deposit and withdrawal fees when evaluating a broker, as these can impact both my costs and my sense of security. With Daman Securities, it’s essential to approach this topic with caution, given the broker is currently not regulated and has a high potential risk rating. According to the broker’s available information, Daman Securities does not apply deposit fees, which means in theory, adding funds to your account shouldn’t incur additional charges. However, withdrawal processes seem far less straightforward—and, in my judgment, present serious concerns. Multiple user reports indicate serious difficulties withdrawing funds, with some clients claiming that the broker imposed unexpected charges labeled as taxes or commissions only at the withdrawal stage. These users described being asked to pay extra money, or faced delays and non-payment even after meeting those demands. This pattern, for me, fundamentally undermines trust, as transparent and reliable withdrawal procedures are a minimum expectation from any broker. While official documentation may imply no routine deposit fees, the withdrawal risks, especially in the absence of regulation, cannot and should not be underestimated. Personally, the lack of clear, verifiable withdrawal policies and troubling user experiences are enough for me to exercise extreme caution before considering any funding activity with Daman Securities.