BrokersView has Reviewed that DAMAS GROUP is an Unregulated Forex Broker DAMAS GROUP claims to be a trustable global broker and it was founded in 2010. But when we checked its domain, we found it was created in 2017. So how could it start its business in 2010? It is a red flag here. Besides, DAMAS GROUP presents no details of its regulations but only shows its company address in Canada. As per Canadian law, all forex brokers in Canada shall be regulated by the Investment Industry Regulatory Organization of Canada (IIROC). However, we did not find any match results to DAMAS GROUP in IIROC. That means DAMAS GROUP is not under valid regulation by any regulators. Investor's funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.