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mohdfazlan
Within 1 year

Are there any payment methods with Daman Securities that allow for immediate withdrawals?

Broker Issues
Daman Securities
Deposit
Withdrawal
07-19
United States
WikiFX
Reply

In my experience as a forex trader, immediate withdrawals are a key factor in evaluating the safety and practicality of any broker. With Daman Securities, I have serious reservations when it comes to withdrawals—both the speed and, more importantly, the reliability of actually receiving funds. According to the data, there have been multiple unresolved complaints from users who were unable to withdraw their money. In several cases, traders reported that after making requests, Daman Securities imposed unexpected additional tax payments and created further obstacles rather than processing the withdrawal. Even after clients paid these extra fees, funds were still withheld, with justifications that did not seem logical. Furthermore, as an unregulated broker, Daman Securities does not provide the safeguards I expect when it comes to fund security or transparent payment processes. There is no detailed information provided about available payment or withdrawal methods, and the absence of any regulated oversight is a significant red flag for me. Based on these issues, I do not see any evidence to support the claim that Daman Securities offers any payment methods that guarantee immediate, or even eventual, withdrawals. I advise extreme caution before depositing any funds, as the risk of not being able to access your own money appears to be very real with this broker.

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