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Company details

  1. Finance broker

Written by the company

Damu LTD, authorized by the Marshall Islands (Registration No. 118947), specializes in forex and CFD trading. This involves speculating on currency pairs and contracts for difference, allowing traders to profit from market price movements without owning the underlying assets. Registered at The Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands, MH96960.


Contact info

3.8

Great

TrustScore 4 out of 5

23 reviews

5-star
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Rated 1 out of 5 stars

A Strong Warning About DAMO Brokerage


A Strong Warning About DAMO Brokerage – Avoid It at All Costs!

I want to share my painful experience with DAMO Brokerage to help others avoid making the same mistake.

I started trading with them using Arbitrage strategy, which is completely legal and widely used. After a lot of effort, I managed to make $5000 in profit.

However, the shock came when my account was suddenly closed, and I was told that "your trading is private and not allowed"!
Where was this mentioned? Why was this restriction not disclosed from the beginning?
Unfortunately, I wasn’t given any prior warning, and I couldn’t receive my profits.

I lost $15,000 of my own money, and they didn’t compensate me in any way.
This behavior is proof that the company lacks transparency and credibility, and does not respect the rights of its clients.

I strongly advise everyone to avoid dealing with DAMO Brokerage.
If you value your money and effort, stay away from this company, which has no respect for its clients’ rights and imposes unclear, unfair policies.

Spread the word to prevent others from falling into the same trap.

---

Let me know if you'd like me to adjust anything or add more details!

12 April 2025
Unprompted review
Rated 1 out of 5 stars

100% SCAM YOU HAVE BEEN WARNED!!!

They will not tell you that your data will be stored for years until you try to verify your address they will keep asking for more proof to steal more data from you. The problem is that you can't catch them even by law since the owner is hidden and the company is located in Marshall Island anyone can open a company there and their office in Hoza 86/410 , Warsaw , Poland is fake there is no office for them there I did my search and there is nothing there. If they were in Europe I would know how to deal with them and I would have closed this company already. However, since it is in Marshall Island nothing can be done towards them.

100% SCAM YOU HAVE BEEN WARNED!!!

12 November 2024
Unprompted review
Rated 3 out of 5 stars

My humble experience

An excellent experience, frankly, I did not encounter any errors or loopholes except for one problem, which is that I entered a deal on the Canadian dollar against the US dollar pair and placed a pending buy order, and the profit of the deal was 60 points, and unfortunately the order was not activated with The deal was zero reversal from the entry and I was very sad because it would have been the reason for returning what I lost from the bonus, but thank God in any case

2 October 2024
Unprompted review
Rated 1 out of 5 stars

SCAMMERS and THEY ILLEGALLY WITHDRAW MY MONEY

I opened an account with them and deposited $1,000, first I tried the Standard Account and I complained to them about excessive slippage but they didn't solve the issue and it resulted in me losing 500 USD, then I opened a Fit Account and I made a profit of 4500 USD but then they stopped the account and withdraw the money Illegally saying I was trading against their policy while I was trading same way I was trading on Standard account but because there was no slippage on Fit Account my trades were profitable, I told them at least send me back my initial funds they refused. They're big SCAM and they will steal your money if you make any profit

My account number is 230580, and my standard account is 230574

30 August 2024
Unprompted review
DAMU logo

Reply from DAMU

Dear customer, we understand your dissatisfaction with the situation and the company also has the right to respond. You deposited $1000 into account number 230574 on 8/29/2024 and started trading immediately. You lost approximately $750 in your first 10 trades due to entering into large contract sizes and high risk. You continued trading until your account returned to $495. After that, you made an internal transfer to the FIT account, which allows trading with an amount starting from $2000 only and not $495. You contacted us and tried to blackmail the company and threaten to send you money. You asked us to send you $1000 and in your account the available amount is only $495. It is logical that this cannot be implemented. You were told that you can continue trading with the amount available in your account or request a withdrawal of $495. We cannot implement a withdrawal and the amount is not in your account.

Rated 5 out of 5 stars

Great company

Great company
If you want beauty, it's as Damou

15 August 2024
Unprompted review
DAMU logo

Reply from DAMU

Damu Company thanks you for your good experience with us and always strives to provide the best

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