DAMAS GROUP
We checked DAMAS GROUP against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
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.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report DAMAS GROUP.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.