Amana Capital Review

1. What is Amana Capital?
2. Amana Capital Pros and Cons
3. Awards
4. Is Amana Safe or a Scam?
5. Leverage
6. Accounts
7. Markets Instruments
8. Fees
9. Spread
10. Deposits and Withdrawals
11. Platforms
12. Customer Support
13. Education
14. Conclusion

Our Review Method

• 55Brokers Financial Experts with over 10 years of experience in Forex Trading check all trading offerings, regulations and licenses, fees, spreads, platforms, customer service, and placed traders to see trading conditions and give expert opinions about Amana Capital.

What is Amana Capital?

Amana Capital is a financial service group company that operates in various international markets through its offices located in the UK, Cyprus, UAE, Lebanon, and Malaysia. It offers brokerage services for a wide range of financial instruments such as Forex, Stocks, ETFs, Commodities, Indices, Futures, Derivatives, Cryptocurrencies, and more.

The company consists of five main entities, namely Amana Financial Service UK Ltd, Amana Capital Ltd (Cyprus), Amana Financial Services (Dubai) Ltd, AFS Global Ltd (Malaysia), and ACG International Ltd (Mauritius).

As we found, Amana Capital offices have helped the group to expand its services and offer direct access to global markets through innovative technology, meeting the requirements of both individual and institutional investors.

Amana Capital Pros and Cons

Based on our research, Amana Capital is a reputable broker that adheres to multiple regulations, providing a safer trading environment for its clients. The trading costs are affordable and competitive, and the education and research provided are of high quality.

For the cons, account conditions, and fees may vary according to regulation so might be higher for some entities, and there is no 24/7 customer support.

Overall Amana Ranking

Our findings suggest that the broker provides advanced trading solutions with competitive prices, as well as a secure trading environment for individuals and enterprises at different stages of financial development.

• Amana Overall Ranking is 8.9 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.

Amana Alternative Brokers

Although the broker provides a variety of trading services at competitive prices, there are other brokers in the market offering similar solutions. Therefore, we conducted a thorough analysis and created a list of the top competitors that you might want to consider.

• City Credit Capital – Wide Range of Trading Instruments
• KVB – Good Trading Conditions
• Hirose Financial –  Competitive Spreads

Awards

Throughout its years of operation, Amana has been recognized by reputable publications and achieved several milestones, becoming an Award Winning Brokerage company. The screenshot below shows some of the advantages that traders can enjoy by using the broker’s services.

Is Amana Safe or Scam?

No, Amana is not a scam. It is regulated by the top-tier authority FCA and is considered a safe and low-risk Forex trading broker.

Is Amana Legit?

Amana is regulated by the respected five local authorities, which are mandatory for every jurisdiction in which the broker operates. As a result, the firm has ensured that its trading services comply with the regulatory standards set by the world’s top authorities, including FCA and CySEC.

See our conclusion on Amana Reliability:

• Our Ranked Amana Trust Score is 8.5 out 0f 10 for the good reputation and services provided. However, trading services are available via offshore entities as well.

How Are You Protected?

According to its numerous regulation, the broker enables safe trading conditions for clients. As per requirements and international standards measures each set its guidelines, which typically include investor protection, operational standards, and risk management systems governed by the respective legislations.

Moreover, as we found from our test trade, the broker also offers negative balance protection during times of market volatility or unforeseen events.

Leverage

Leverage can be a helpful tool for traders as it allows them to enter the market with less capital. However, it also has the potential to result in significant gains or losses, depending on how it is used. Therefore, it is crucial to have a clear understanding of how leverage works and its associated risks before engaging in leveraged trading activities.

Amana Capital leverage is offered according to FCA, CySEC, DFSA, LFSA, and FSC regulations:

• UK traders are eligible to use low leverage up to 1:30 for major currency pairs and 1:10 for Commodities. 
• European traders are eligible to use a maximum of up to 1:30 for major currency pairs.
• International entity clients can use leverage up to 1:100 for professional trading.

Account Types

Per our research, the account types offered by Amana Capital are not categorized based on the trading size but rather provide customized solutions for traders interested in Forex and CFDs. Classic accounts come with specific fee terms, while Active Traders accounts offer interbank spread and commission charges. The Elite service, Shares Trading, and Copy Trading accounts offer tailored solutions based on their specific types.

The broker also provides a Demo account for practice trades. All accounts come with competitive spreads, flexible leverage up to 1:100, mini and macro lots availability, market execution with positive slippage, and no re-quotes.

How to Open Amana Live Account?

Opening an account with a broker is quite easy. You should follow the account opening or sign-in page and proceed with the guided steps:

• Select and Click on the “Open an Account” page
• Enter the required personal data (Name, email, phone number, etc.)
• Verify your personal data by upload of documentation (residential proof, ID, etc.)
• Complete the electronic quiz confirming your trading experience
• Once your account is activated and proven, follow with the money deposit.

Trading Instruments

While signing an account broker will provide you with trading access to financial instruments, such as Forex, CFDs, Stocks, ETFs, Commodities, Indices, Futures, Derivatives, and Cryptocurrencies, that can be tailored to meet your specific needs and requirements.

• Amana Markets Range Score is 8.9 out of 10 for wide trading instrument selection.

Amana Fees

Amana fees, as we found, are defined by the account type you would use, which is also tailored to the instrument or asset you will trade. Whether the trader is a beginner or a professional trader, the broker has the right solution with account types or technology offerings, while all orders are performed with Market execution and vary according to the trading size and choice of platform.

In addition, you should also consider an overnight policy that applies in case the trading order is held longer than a day. In this case, a rollover fee, swap, or overnight fee will apply to the position.

• Amana Fees are ranked low or average with an overall rating of 8.5 out of 10 based on our testing, and compared to over 500 other brokers.

Spreads

Based on our analysis, clients at Amana are offered competitive and floating spreads for certain account types and trading instruments, with an average spread of 1.4 pips available for the popular EUR/USD.

• Amana Spreads are ranked average with an overall rating of 8 out of 10 based on our testing comparison to other brokers. However, the average Forex spread is higher than the industry average.

Deposits and Withdrawals

According to our research, Amana Capital collaborates with reputable banks to ensure fast deposits and withdrawals. However, clients of different jurisdictions may apply different payment methods along with the processing deposit of withdrawal fees if applicable.

• Amana Funding Methods we ranked good with an overall rating of 8.5 out of 10. Fees are low, and also you can benefit from various account-based currencies.

Here are some good and negative points for Amana funding methods found:

Deposit Options

In terms of funding methods, Amana Capital offers the following payment methods:

• Bank Wire,
• Credit/Debit cards,
• Skrill,
• Neteller, etc.
• WebMoney, etc.

Moreover, Amana offers another great option, Amana Prepaid Card, which you can use right the same way as your banking card.

Amana Minimum Deposit

The broker does not impose a minimum deposit requirement for opening a trading account, per our findings, providing a flexible option for traders with different financial capabilities. However, specific funding methods may require a minimum deposit amount or additional fees.

Amana Capital minimum deposit vs other brokers

	Amana Capital	Most Other Brokers
Minimum Deposit	$0	$500

Amana Withdrawals

Similarly to deposits, withdrawals can also be processed through the client’s online account area. We found that Amana processes transactions quickly, usually within 1-2 business days. However, there are fees associated with using the prepaid card for withdrawals, while other methods may have additional fees depending on the jurisdiction.

How Withdraw Money from Amana Capital Step by Step:

1. Login to your account
2. Select Withdraw Funds’ in the menu tab
3. Enter the withdrawn amount
4. Choose the withdrawal method
5. Complete the electronic request with necessary requirements
6. Confirm withdrawal information and Submit
7. Check the current status of withdrawal through your Dashboard

Trading Platforms

Amana Capital provides its clients with proprietary trading platforms that cater to different trading needs and preferences. According to our analysis, the Amana Trade platform is a user-friendly web-based platform that allows for easy access to the global markets, while the Amana Invest platform is designed for social and copy trading. Additionally, the Amana Mobile app provides on-the-go trading capabilities for both iOS and Android devices.

Overall, the trading platforms are designed with the latest technology and provide advanced trading tools and features to enhance the trading experience.

Trading Tools

Clients have access to a range of trading tools that can enhance their trading experience and potentially improve their trading results. These tools include an economic calendar, trading signals, technical analysis, and expert advisors. Technical analysis tools, such as charts and indicators, allow traders to analyze market data and identify patterns and trends. Expert advisors, also known as EAs, are automated trading algorithms that can execute trades based on predefined rules and criteria.

• Amana Platform is ranked good with an overall rating of 7.9 out of 10 compared to over 500 other brokers. We mark it as good since it offers advanced trading platforms designed for all levels of traders.

Customer Support

You can have access to 24/5 customer support through the Phone line, Live chat, Email, also via social media like Facebook, Twitter, Telegram, WhatsApp, etc. at Amana. The customer support team comprises trading experts who are available to assist clients with technical issues, general inquiries, and operational issues, and provide recommendations.

• Customer Support in Amana is ranked good with an overall rating of 8.5 out of 10 based on our testing. We got fast and knowledgeable responses, and also easy to reach during the working days.

See our find and ranking on Customer Service Quality:

Amana Education

Based on our research, the broker provides traders with a variety of educational resources to support their trading journey. These resources include videos, investment courses, blogs, an economic calendar, news, and more. In addition, traders can access live webinars and seminars to learn from market experts and improve their skills. The educational materials cover various topics, including market analysis, trading strategies, risk management, and more.

• Amana Capital Education ranked with an overall rating of 8.5 out of 10 based on our research. Overall, the broker offers good-quality of educational materials, research, and analysis.

Amana Capital Review Conclusion

In conclusion, Amana Capital is a well-regulated broker that offers a wide range of trading instruments and platforms to meet the needs of traders of all levels. The broker’s commitment to providing a safe and reliable trading environment is reflected in its numerous regulations and protective measures, such as negative balance protection and investor compensation fund protection. Traders also benefit from competitive spreads, flexible leverage, and the availability of mini and macro lots. Additionally, Amana Capital provides traders with access to a variety of trading tools, educational resources, and reliable customer support, making it an attractive option for those looking to enter the world of online trading.

In general, traders have provided positive feedback on Amana’s trading conditions and services. However, we recommend that you do your research before choosing to sign up with the broker to ensure it is the right fit for you.

Based on Our findings and Financial Expert Opinions Amana Capital is Good for:

• Traders from the UK
• Traders from Europe
• International traders
• CFD and currency trading
• Beginners
• Advanced traders
• NDD/STP execution
• Competitive spreads and fees
• Good educational materials and trading tools
• Supportive customer support
• Copy trading
• EA/Auto trading