BrokersView has reviewed that DAM FOREX is an unregulated broker It claims to be established and registered in St. Vincent, but upon investigation, no matching information was found in the Financial Services Authority of St. Vincent and The Grenadines (SVG FSA). In addition, the previously claimed the MWALI INTERNATIONAL SERVICES AUTHORITY (MISA) supervision no longer exists. All the signs indicate substantial risks of DAM FOREX. Investors should be informed about the development and stay clear of it.

Dam Forex, is it a scam forex broker? Dear Investor, Following our investigation, we have found that DAM FOREX appears to be a scam. It claims to be founded and registered in Saint Vincent and the Grenadines, under registration number HY0032327. Matching information was found in the Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA). However, this registration merely grants it International Business Company (IBC) status, which does not constitute a valid financial license. Furthermore, the SVG FSA has publicly stated that it neither regulates nor licenses forex trading activities. In addition, DAM FOREX does NOT display any other authorisation information on its website, meaning the company is in effectively unregulated and poses a significant risk to investors. In the absence of oversight from financial authorities, DAM FOREX exhibits characteristics of a fraudulent operation. It is highly advised against engaging with this broker. View Source