FAQs

Answers to the most Popular Questions!
Visit the Daman Securities website and complete the signup (new user) form Visit any of the Daman Securities branches (DWTC, DFM or ADX) Submit the required documents and sign Daman’s account-opening agreement as per ESCA Fill out and sign the national investor number form (NIN) for ADX & DFM Fill out and sign the bank details form that allows investors to register their bank details with the markets to receive their dividends All documents will be forwarded to the operations department in order to activate the trading account once the compliance review has been carried out and approval given.
UAE NATIONALS: Original Passport Family Book Emirates ID Bank Details confirmation or Statement National investor number (NIN)
FOREIGNERS: Original Passport Resident Visa page copy Emirates ID Bank Details confirmation or Statement National investor number (NIN)
It takes 15 to 20 minutes if all the documents are completed
The Investor shall contact the Market CDS “Clearing and Depository Services” and they will provide the investor number information after verification questions. DFM +9714 305 5555 ADX +9712 627 7777
Yes, it is allowed to open multi-trading accounts with different brokers at the same time and using the same investor number. However, each broker will provide you with a unique trading number.
Individual accounts Corporate accounts Joint accounts (DFM Only) Heirs' Account
Sunday - Thursday
  • Pre-opening session 9:30AM – 10:00AM
  • Trading session 10:00 AM – 1:50PM
  • Closing session timing
    • ADX 1:50PM – 2:00PM
    • DFM 1:45PM- 2:00PM
There is no minimum amount or balance to open a trading account.
EntityMinimumCommissionFees per transaction
Broker Commission300.125%0.00
Market Commission200.05%10.00
ESCA Commission50.05%0.00
CDS Commission100.05%0.00
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