Newly launched, MENA focused Retail FX and CFDs broker Daman Markets has announced that it has 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 said that it becomes one of the few brokers that enables traders to experience global trading while addressing the specific needs of regional traders. Their newest CFDs (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.

“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.”

Daman Markets added that that its 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.

About Daman Markets

Daman Markets, based in Dubai, was launched as a new UAE/GCC focused MT5 CFDs broker in 2023, spun out of UAE based financial services company Daman Securities, a wholly owned subsidiary of Daman Investments, which is part of UAE business conglomerate Gargash Group. Daman Markets is run by former Advanced Markets executive Samer Mourched.