Amana Capital Review

Amana Capital

Amana Capital

www.amanacapital.com

  • Leverage: 1:30 | 1:500

  • Regulation: FCA, CySEC, DFSA

  • Min. Deposit: 50 US$

  • HQ: UK

  • Platforms: MT4, MT5

  • Found in: 2010

Amana Capital Licenses

  • Amana Financial Services - authorized by FCA (UK) registration no. 605070
  • Amana Financial Services (Dubai) Limited - authorized by DFSA (Dubai) registration no. F003269
  • Amana Capital SAL - authorized by Central Bank of Lebanon, registration no. 60
  • Amana Capital Ltd. - authorized by CySEC (Cyprus) registration no. 155/11
  • AFS Global - authorized by LFSA (Malaysia) registration no. MB/18/0025
  • ACG International - authorized by FSC (Mauritius) registration no. C118023192

 

Top 3 Forex Brokers

  1. What is Amana Capital?
  2. Awards
  3. Is Amana Capital safe or a scam?
  4. Leverage
  5. Accounts
  6. Markets Instruments
  7. Fees
  8. Deposits and Withdrawals
  9. Platforms
  10. Customer Support
  11. Education
  12. Conclusion

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.

Amana Capital website

10 Points Summary
🏢 HeadquartersUK
🗺️ RegulationFCA, CySEC, DFSA
📉 InstrumentsForex (Currencies), Spot Metals (Gold, Silver) and Futures (Crude Oil, Stock Indices)
🖥 PlatformsMT4, MT5
💰 EUR/USD Spread1.4 pips
🎮 Demo AccountProvided
💰 Base currenciesGBP, EUR, USD, etc
💳 Minimum deposit50 $
📚 EducationEstablished TradeCaptain.com with wide selection of education resources
☎ Customer Support24/5

Awards

For the years of operation and successful achievements, the Amana Capital Group became an Award Winning Brokerage company, among other benefits they offer and which we will cover in detail further within Amana Capital Review.

Amana Capital benefit

Is Amana Capital safe or a scam?

ProsCons
Regulated broker with the FCA licenseInternational offering done through offshore entity
Heavy regulation with additional licenses from DFSA, CySEC, LFSA
Negative balance protection
Global expand

Is Amana Capital legit?

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.

Amana Capital entityRegulation and License
Amana Financial ServicesAuthorized by FCA (UK) registration no. 605070
Amana Financial Services (Dubai) LimitedAuthorized by DFSA (Dubai)registration no. F003269
Amana Capital SALAuthorized by Central Bank of Lebanon, registration no. 60
Amana Capital Ltd.Authorized by CySEC (Cyprus) registration no. 155/11
AFS GlobalAuthorized by LFSA (Malaysia) registration no. MB/18/0025
ACG InternationalAuthorized by FSC (Mauritius) registration no. C118023192

How trader is protected?

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 measures each set its own guidelines, that typically 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.

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.

Accounts

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.

ProsCons
Fast account openingAccount conditions may vary according to regulation
Individual and Professional accounts
Accounts defined by the type including Shares account, Copy trading account, Active trader account and Elite Service
Various Account base currencies

Account types

The account types do not diversify according to the trading size but rather offering a tailored solution to those who wish to trade Forex and CFDs, defined further as Classic conditions also with examples of the fee terms. Activ Traders offered to trade through interbank spread and commission charge, where Elite service, Shares Trading and Copy trading each including tailored solution according to its type.

Along with the demo account available for practice trades, all accounts 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.

Amana Capital accounts

Instruments

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).

Amana Capital instruments

Fees

So the fees are defined by the account type you would use, which is also tailored to the instrument or asset you will trade.

ProsCons
Spread only or commission basisFees may vary according to entity
Average Forex fees
Numerous trading instruments and investment options
Fee structure defined by the type of investment
Bonus system

Forex fees

Classic account feature spread only basis with the spread for EUR USD of 1.4 pip and no added on commission, while Activ Trades account features interbank spread from 0 pips and $30 commission per 1M traded on FX and 4% per lot on Future CFDs.

Overall, fee condition of Amana Capital are quite competitive, also considering its additional benefits for trading.

See the table below along with other costs in order to compare the Amana Capital pricing offers, where prices are for reference defining a Classic account basis. For instance, you can also see also fees of another popular broker AvaTrade.

Comparison between Amana Capital fees and similar brokers
Asset/ PairAmana Capital feesActivTrades FeesSwissquote fees
EUR USD1.4 pips0.63 pips1.7 pips
Crude Oil WTI335
Gold20 cents35.7528.6
BTC/USD74.11%1%
Inactivity FeeYesYesYes
Deposit feeNoNoNo
Fee rankingAverageLowAverage

Snapshot of Forex spread

Amana Capital pricing

Rollover

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 rollover fee, swap or overnight fee will be applicable to the position. See the example below.

Amana Capital swap

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.

ProsCons
Fast digital depositsFees and condition may vary according to entity rules
50$ as a first deposit
Own prepaid Card
Some emthods offering 0$ deposits and free withdrawals
Multiple Account Base Currencies

Deposit Options

Payment options including the following methods. Moreover, recently Amana Capital add on another great option, which is its own Amana Prepaid CArd which you can use right the same way as your banking card.

  • 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%).

What is the minimum deposit for Amana Capital

With only 50$ you can top up your first grade account with Amana CApital, which is definitely good for various size traders. Yet, this limit might be diffeent accordign to the enttityt or the instrument you wish to trade, since margin requirement applies. So be sure to verify all the necessary conditions.

Withdrawals

Likewise deposits, withdrawals are also managed through your online account area. While Amana process transaction quite quickly within 1-2 business days. Using its Prepaid card there is no fees waived for withdrawals, while other methods also depending on your jurisdiction may add on some fees.

Amana Capital funding

Trading Platforms

The choice of the Amana Capital platforms offering the market-leading MetaTrader technology through the choice of MT5 and MT4.

ProsCons
MT4, MT5 and MultiTerminalNo Proprietary trading platform
Exclusive trading tools
Auto trading and social trading
Supporting many languages
Technical analysis
Mobile trading apps

Web Trading

Both platforms allow you to place orders, check accounts, copy trading or rely on automated trading. The MT5 and MT4 platforms available for trading on different devices for Web use, PC, Mobile devices and Tablets. Where Web version is a rather simplified one, but allowing you to gain access from any device right from the browser.

Desktop Platform

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. You can benefit from its powerful features and customization tools.

Likewise, the MT4 platform is still offered to those who prefer to stay there, along with a range of versions and MultiTerminal features.

Mobile trading

Mobile apps are in the package as well, allowing to download a suitable version for your iOS or Android, iOS for tablet devices.

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 a minimum 5,000$.

Amana Capital platform

Customer Support

Generally speaking, throughout its focus on the MENA region and coverage of different jurisdictions likewise the company able to provide the utmost level trading conditions that are supported by the dedicated management systems and bringing necessary tools to the clients.

You can reach teams through the phone, live chat, also via social media like Facebook, Twitter, Telegram or WhatsApp or can request call back 24/5.

ProsCons
Quality customer support with live chat, phone lines, social media supportNot Available 24/7
Fast response, relevant answers

Education

With its global expansion and focus on development, obviously, Amana 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.

ProsCons
Education Courses, Webinars, e-booksNone
Market research, technical analysis
Exclusive tools
Free Demo account

Amana Capital learning

Conclusion

The Amana Capital review presents a global broker, which operates through 5 global offices and performs comprehensive trading providing services on a 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 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.

Nevertheless, would be good to know your personal opinion about Amana Capital review which you may share in the comment area below.

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