Daman Markets launches UAE stock trading with Dirham-based accounts

Khaleej Times

2 days ago

Bringing local market access and global trading tools to the UAE's booming capital landscape
, the premium forex and CFD trading service from Daman Securities, has officially launched access to UAE-listed stocks on the Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX). This new feature provides regional traders with access to large, significant Emirati companies such as Emaar, ADNOC, Emirates NBD, Salik, and more.
By introducing UAE stocks, Daman Markets becomes one of the few brokers that enables traders to experience global trading while addressing the specific needs of regional traders. Their newest CFD (Contracts for Difference) offering on some of the bookrunners of the UAE allows traders to diversify their portfolios and benefit from the rapid growth of the local market.
A key feature of the launch is the introduction of Dirham-based accounts. This allows traders to participate in local markets using the UAE's national currency with zero conversion fees. Operating in the UAE's national currency ultimately enables regional traders to simplify the complexities involved in converting local transactions or assets into items that hold alternative currencies for foreign exchange purposes.
Samer Mourched, CEO of Daman Markets, emphasized the significance of the launch. "This launch is about more than simply starting in new markets; it's about opening our doors for traders to opportunities in their background," he said. "As a global broker with roots in the UAE, our goal is to provide traders with access to local markets in their currency, backed by teams deeply immersed in the region. We want to empower traders to trade smarter, closer to home, and with the confidence they deserve."
The introduction of UAE stock trading is taking place during a period of rapid growth and global prominence for the UAE's capital markets. With record IPOs and a greater range of international and local investors, the DFM and ADX have become the main drivers of the UAE's regional economy. However, access to these markets is limited, as primarily retail-run traders are looking for localized and competitive trading solutions.
Daman Markets provides localised solutions to stock trading, providing a platform that meets regional expectations while maintaining a global trading experience. The company is unique in its approach with dirham-based accounts and local compliance regulation, partnered with support teams that are fluent in the jurisdiction policies and the specific attitudes of the UAE market. This localisation-first approach allows Daman Markets to offer an unparalleled level of service and expertise to the GCC trading community.
Daman Markets has been steadily growing since it first launched, with a promise to create a trusted platform for trading tools, educational opportunities, and a simplified trading interface for users. The introduction of UAE stocks is another significant advancement on the path toward building a trading platform that connects regional traders with the country's growing economy.
Daman Markets is committed to providing unparalleled value to the regional trading community with an entire suite of innovative trading tools, reliable support, and a trading platform incorporating local knowledge.