What is Amana Capital?
Amana Capital is a financial service group company that provides brokerage services in international markets through its offices located in Beirut, Dubai, Cyprus and London. The Amana Capital Group comprises five main entities, namely Amana Financial Services-UK, Amana Financial Services (Dubai) Limited, Amana Capital SAL-Lebanon, Amana Capital (Cyprus) Limited and TradeCaptain.com.
In fact, the establishment of the Amana Capital offices enabled the group to expand the range of their offered services and provide direct access to trade global markets through innovative technology in anticipation of the institution or individual investor’s needs. While signing an account broker will provide you with trading access to financial instruments including Forex (Currencies), Spot Metals (Gold, Silver) and Futures (Crude Oil, Stock Indices).
Generally speaking, throughout its focus on MENA region and coverage of different jurisdictions the company able to provide an utmost level trading conditions that are supported by the dedicated management systems and bringing necessary tools to the clients. For the years of operation and successful achievements, the Amana Capital Group became an Award Winning Brokerage company.
Moreover, the group established a company TradeCaptain.com, which unlocks a wide selection of innovative education, insightful analytics and news to help a trader to succeed in trading. In addition, daily market analysis, forecasts and SMS alert brought to the client by the portal, apart from the other leading research providers such as Trading Central, Claws and Horns and Autochartist.
Yet, to get broker’s offering clearer you should check and take into consideration the most important information that the broker’s offering consists of. For that reason in this review we cover:
Is Amana Capital safe or a scam?
Amana Capital through its five main entities is regulated by the respected local authorities, which are mandatory in every jurisdiction where the broker operating its branch. Therefore, Amana Capital complied its trading service according to the strict regulatory requirements set by the world leading authorities including FCA, Dubai DFSA, CMA, and CySEC.
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Amana Capital entity
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Regulation and License
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Amana Financial Services
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Authorized by FCA (UK) registration no. 605070
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Amana Financial Services (Dubai) Limited
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Authorized by DFSA (Dubai)registration no. F003269
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Amana Capital SAL
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Authorized by Central Bank of Lebanon, registration no. 60
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Amana Capital Ltd.
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Authorized by CySEC (Cyprus) registration no. 155/11
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AFS Global
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Authorized by LFSA (Malaysia) registration no. MB/18/0025
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ACG International
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Authorized by FSC (Mauritius) registration no. C118023192
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According to its numerous regulation, the Amana group enables safe trading conditions with strategic-focus is on providing a safe and reliable trading environment for clients. As per requirements and international standards that include investor protection, operational standards and risk management systems governed by the respective legislations. While you as a trader is assured your funds are always separate from the brokers’ funds along with its protection by the schemes in case of insolvency, robust risk control and regular audits.
Amana Capital Trading Platforms
The choice of the Amana Capital platforms offering the market leading MetaTrader technology through the choice of MT5 and MT4. While MT5 is the updated version of the most used platform MT4 with an advanced multi-feature platform effective trading tools, a variety of pre-installed technical indicators and live pricing.
This platform allows you to place orders, check accounts, copy trading or rely on automated trading. The MT5 platform available for trading on different devices for Web use, PC, Mobile devices and Tablets. Likewise, the MT4 platform is still offered to those who prefer to stay there, along with a range of versions and MultiTerminal feature.
Furthermore, to enhance the trading experience free VPS allows to automate trades virtually without the need of staying connected to the trading platform through a device. VPS performs rapid trade execution with remote access and available for free to live account holders that maintain equity of minimum 5,000$.
Amana Capital Trading Fees
Whether the trader is a beginner or a professional trader, the broker has the right solution with account types or technology offering, while all orders are performed with Market execution and varying according to the trading size and choice of platform.
The account types including Amana Mini MT5, Amana Basic MT5 and MT4, Amana Elite MT5 Accounts, along with the demo account while all designed with the competitive spreads starting from 0.4 pips, flexible leverage up to 1:500, availability of mini & macro lots and market execution with positive slippage and no re-quotes.
See the table below along with other costs in order to compare the Amana Capital pricing offering. For instance, you can also see allso fees of another popular broker AvaTrade.
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Asset/ Pair
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Amana Capital Spread – Standard
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EUR/USD
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1.4
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Crude Oil WTI
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3
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Gold
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20 cents
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BTC/USD
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74.1
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In addition, you should also consider an overnight policy which applies in case the trading order is held longer than a day. In this case rollover fee, swap or overnight fee will be applicable to the position. See an example below.
Amana Capital Leverage
Amana Capital offering leverage up to 1:500 that opens the way to the forex market for Retail traders of smaller size, yet the maximum leverage is also depending on the entity of Amana Capital you trading with. It means, that according to the regulatory requirements each jurisdiction set and determined the allowed levels the broker may offer to its clients. Thus, European traders with an account established by the UK, Cyprus or other countries will comply with ESMA regulation which mandated maximum leverage of 1:30 for Forex instruments.
Indeed, leverage can magnify gains but you should always remember that losses can also exceed your deposits, therefore you should choose leverage accurately and always consider necessary risks.
Amana Capital Funding Methods
The Amana Capital group work with renowned banks and facilitate the fast transaction of withdrawals and deposits. However, the clients of different jurisdictions may apply different payment methods along with the processing deposit of withdrawal fees if applicable.
Payment options including Bank Transfers (typically Amana charges £6 for incoming bank wire transactions), Card Payments (with 1.5% deposit fee) and e-payments or alternatives Skrill, Neteller, WebMoney, Qiwi and more (fees vary according to the method and starting from 2.8%).
In terms of the minimum deposit amount, Amana Capital determined a minimum of 50$.
Conclusion on Amana Capital
The Amana Capital review presents a global broker, which operates through 5 global offices and performs a comprehensive trading providing services on the range of tools and instruments. The geographical presence of the global group network performs better customer support with the understanding of the customers’ culture, along obliged with numerous regulations that ensure the operational standards and safety.
Along with that, a choice between the platforms, tools to trade and instruments, as well as the account types bringing vast of possibilities to join trading. Beginning traders will enjoy the educational sources and very small deposit to start, only 50$, while the professionals will find powerful trading features with competitive costs.
