Amana Capital Review

Company Brief:

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.

The establishment of the Amana Capital offices ranges enabled the group to expand the range of services and to provide direct access to trade global markets through innovative technology in anticipation of the institution or individual investor’s needs. The broker provides trading access to financial instruments including Forex (Currencies), Spot Metals (Gold, Silver) and Futures (Crude Oil, Stock Indices).

Through its focus on MENA region and coverage of different regions 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 with numerous received awards.

Best FX Trading Support

Best Regional FX Broker

Best Middle East Forex Broker

Best Retail FX Provider

Most Transparent FX Broker

Fastest Growing Broker

Best Standard Forex Broker

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.

Licenses, Regulations & Security of funds:

Amana Capital through its fine main entities regulated by the respected local authorities, which are mandatory in every jurisdiction and licensed by the FCA, DFSA, BDL, and CySEC.

-Amana Financial Services is a UK established firm holds a license from FCA.

-Amana Financial Services (Dubai) Limited is regulated by the Dubai Financial Services Authority (DFSA) and obtained its license in 2016.

-Amana Capital SAL, operates with a license as a Financial Institution regulated by the Central Bank of Lebanon since 2010

-Amana Capital Ltd through its branch in Cyprus accordingly obtained its license from CySEC in 2011

Due to its numerous regulation, the 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 includes investor protection, operational standards and risk management systems governed by the respective legislations. Client funds are always separate from the brokers’ funds along with protection of funds by the schemes in case of insolvency, robust risk control and regular audits.

Trading Platforms & Tools:

The choice of the Amana Capital platforms offering the market leading MetaTrader technology through the choice of MT5 and MT4. MT5 is the updated version of the most used platform MT4 with an advanced multi-feature platform with effective trading tools, a variety of pre-installed technical indicators and live pricing. This platform allows users 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 an equity of minimum 5,000$.

Account Types:

Whether the trader is a beginner or a professional one, the broker has the right solution with account types or technology offering, while all orders are performed with Market execution. The demo account allows learning the basics of trading, while fours Live account divided either by the platform used, as well with the trading conditions. 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 Mini MT5 requires a deposit of 50$, while all costs are included into spread starting from 1.4 pips. Maximum leverage is 1:500. The trading instruments range is slightly narrowed with no possibility to trade Futures.

– Amana Basic MT5 initial deposit is 2,000$ with zero commission on FX and Cash CFDs and with 10$ per lot for Futures/ Leverage level is up to 1:300

– Amana Elite MT5 is account for professional traders with a maintained balance of 50,000$ and leverage up to 1:100. The trading costs are based on commission per million for FX, zero commission of Cash CFDs, 10$ per lot on Futures and spreads from 0.4 pips.

– Amana Basic MT4 designed for traders who prefer MT4 platform, which enables trading only from 50$. There is no commission for FX and CFDs, while Futures trading requires 10$ per lot, with spreads from 1.4 pips and leverage 1:500.

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 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%).

Conclusion:

The Amana Capital review presents a company, 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 with numerous regulations that ensure the operational standards. The choice between the platforms, tools to trade and instruments, as well as the account types bring vast of possibilities to join. 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.