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Amana Capital Review Fees, Regulation, Available Platforms

By mayo 22, 2020mayo 14th, 2023No Comments

amana capital review

It offers mobile versions of MT4 and MT5, but no proprietary mobile trading solutions. The Amana Active account requires a minimum account balance of 25,000 USD and a minimum volume of 100 amana capital review million USD per calendar month, but spreads are much tighter (down to 0.1 pips on the EUR/USD). A commission of USD 0 USD/lot traded is charged on Forex and 5 USD/lot on future CFDs.

Clients from the EU or European Union are under the protection of the ICF or the Investor Compensation Fund, whose role is to compensate clients once the brokerage firm fails. Your money is not kept within the company accounts and they are closing their affiliate in Lebanon and wants to give back you money but you can’t withdraw your account from the Bank. Amana Capital client‘s funds are kept seperated from the company’s funds in trusted banks, and clients are covered by the Financial Services compensation Scheme (FSCS) up to £85,000.

Stop Out levels are at 20%, and accounts are denominated in USD, EUR, or GBP. No commissions are charged on Forex or Cash CFDs, but 10 USD/lot is charged on Futures trading and 0.02 USD/share on share CFDs. Amana Capital offers support for the MT4 and MT5 trading platforms, in addition to Zulutrade, and allows all trading strategies, including hedging, scalping, and copy trading.

How to Open an Amana Capital  Account – Step-by-Step Guide

The wide choice between platforms, tools to trade, and instruments, as well as the various account types, brings vast possibilities to join in trading. Whether the trader is a beginner or a professional, Amana Capital has the right solution for all with different account types or technology offerings. All orders are performed with Market execution and varying according to the trading size and choice of platform.

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Amana Capital offers copy trading services with ZuluTrade, which is a third-party platform. The markets and the number of offered instruments will depend on the account jurisdiction. Amana Capital allows withdrawals with bank transfers, credit and debit cards, online wallets like Neteller and Skrill, and many other popular regional methods, same as the deposit methods. Amana Capital supports deposits with bank transfers, credit and debit cards, online wallets like Neteller and Skrill, and many other popular regional methods. The offerings of Amana Capital include trading with forex, indices, commodities, cryptocurrencies, and shares CFDs.

Amana Capital Review – What to expect from the broker

Traders also have access to a personal account manager, personal coaching sessions, and elite trading tools. Amana Capital offers a variety of instruments across forex, indices, shares, CFDs, spot metals, and commodities, with desktop and mobile trading across the MT4 and MT5 platforms. In addition, the broker provides attractive education and trading tools, including Autochartist and TradeCaptain. It seems that Amana Capital takes the education of their clients very seriously.

amana capital review

The support staff on both live chat and email was quick enough to answer our query accurately and in detail. Amana Capital clients are entitled to receive a 50% of their losses, up to $1,000, for the first month of trading, which starts from the date of the initial deposit. Amana Active account is eligible to clients with a minimum funding of $25,000 and $100 million of volume per calendar month.

Trading is offered on both MT4 and MT5, and Amana Capital offers an excellent range of trading tools. Its educational suite is extensive and well-structured, but customer support is largely unresponsive. It also charges high deposit and withdrawal fees on some payment methods. Amana Capital provides traders with a solid trading experience and exposure to lucrative global markets. The broker is highly regulated and maintains an excellent reputation in the online trading industry.

By definition, a trade is the act of exchanging one thing for another or buying and selling goods and services. Whether your trade is executed at market price or at a pre-defined price, it’ll still be considered a trade. Amana Capital is a global broker, which operates through 5 global offices and performs comprehensive trading providing services for a range of tools and instruments. The Virtual Private Server (VPS) enhances your trading experience by allowing you to automate your trades in the cloud without the need to stay connected to your trading platform through your device. Online payments accepted are Neteller, Skrill, ePay, Perfect Money, Payeer, advcash, WebMoney, QIWI, Moneta, and FasaPay.

Other disadvantages are a largely unresponsive customer support service, and substantial fees for deposits and withdrawals. All assets can be accessed from either the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platform, which are the only two trading platforms the broker offers. As two of the most popular retail trading platforms in the world, however, we believe this should satisfy the needs of most traders. As usual, both platforms are available in dedicated versions for desktop, web, tablet, and mobile devices. 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.

Minimum Deposit

It maintains regulation from some of the world’s top regulators, including the UK’s FCA, the DFSA in Dubai, CySEC in Cyprus, the CMA from Lebanon, the LFSA of Malaysia, and the FSC of Mauritius. Our overall account opening experience was smooth and without any issues from registration to verification. Our overall experience of opening a new account with Amana Capital was smooth and fast. For our tests, we opened an MT5 Amana Classic account with Amana Financial Services UK Limited, which is regulated by Financial Conduct Authority (FCA) in the UK.

  • If you are not confident in trading yet and need more time to learn and practice with the many tools of the platform, you can opt to open a demo account.
  • 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.
  • However, specific funding methods may require a minimum deposit amount or additional fees.
  • Amana Capital is one of the best CFD (Contracts for Differences) brokerage firms in the world.
  • Amana Capital has not won any recent awards, but based on its regulatory oversight we can say that it is a reliable, secure broker which protects its client funds.

Whenever you receive an authentication request, simply enter the one-time PIN you receive via SMS into the required field. One major benefit of amana app is that we’ve got all your products in one place, so you don’t need an additional account. Nonetheless, additional account requests will be reviewed on a case-by-case basis. Instruments traded in US Dollars do not require a conversion so the USD exchange rate in the formula is 1. You should ensure before trading you fully understand the risks involved and consider your level of experience.

It is highly effective for more advanced and sophisticated online dealings. There are versions available in the form of mobile apps and applicable in all iOS and Android devices, as well as applications for desktop computers. MT4 functions very well to gain highly complex market analysis and effective trading. It also corresponds a great deal to EAs or expert advisors, which is software for automated trading.

If a broker has a score less than 80, like this one, we won’t recommend it to you. So that we don’t waste your time, we don’t update these reviews either. We know you don’t want to read a long review of an untrustworthy broker. Instead, you can use the tool below to find a high-scoring broker that accepts clients from your country. Before starting to trade, potential clients of Amana Capital should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.

Traders can stay up to date with the latest market trends through Amana’s Mobile Application. It has designed an updated UX-driven application that includes all features and tools you need. You can start trading with a minimum of $100 and receive a $50 bonus credited into your account.

If you want to trade in US shares, you can opt for the Shares or the ZuluTrade account. The company came into existence in Beirut, Lebanon, in 2010, led by CEO Ahmad Khatib. Since then, the company has steadily risen in momentum and acclaim in the financial world. They have a reach of over eighty countries and have offices in London, Dubai, Cyprus, Beirut, Labuan, Mauritius, and Sri Lanka. Amana Capital’s current owners are private investors who have different businesses all over the world. Capital Guidance and Manara Capital functions as their representatives.

The Amana Capital Group works with renowned banks and facilitates fast transactions with withdrawals and deposits. Clients in different jurisdictions may apply different payment methods along with the processing deposit of withdrawal fees if applicable. This platform also allows users to place orders, monitor the market, check their account details, copy trading and rely on automated trading strategies. Amana allows you to stay on track with your trades and quickly place orders anywhere, anytime, by accessing your real or demo account through your mobile or tablet. Amana Capital offers traders the option of several accounts to suit everyone’s needs. The Amana Classic Account allows an individual, joint or corporate account for trading in currencies, metals, indices, commodities, and CFDs.Amana Active Account is designed for high-volume traders.

Types of Accounts and Their Features

Amana Capital is a very trusted and secure online trading brokerage with nearly 10 years of experience. The broker is registered and regulated with 4 regulatory authorities including the FCA, DFSA, BDL, and CySEC. As well, Amana Capital is audited by the top international auditing firms and is also a highly awarded trading brokerage. Overall, Amana Capital is a very secure, trusted, and fair online trading brokerage. Amana Capital is authorized and regulated by the Cyprus Securities and Exchange Commission – CySEC (CIF License number 155/11).

Investing in U.S. and regional exchange-traded stocks and ETFs commission-free carries risk since the value of investments can go up and down. Leveraged OTC derivatives and crypto asset trading outside an exchange is highly volatile, holds a high degree of risk and may expose investors to significant and rapid losses. Investing in such derivative instruments might not be suitable for all investors. Before trading, investors should ensure they fully understand the risks involved in all financial products amana offers. Crypto assets are not regulated and offer no regulatory consumer protection like other leveraged OTC derivatives. Beginners will find Amana Capital’s education section comprehensive and detailed, but it offers virtually no market analysis.

  • Most methods will also incur a fee, which starts from 1.5% for cards and goes up to £6 for bank transfers.
  • Traders have access to a personal account manager, API Trading, trading signals and technical studies, and a free VPS service.
  • To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the Amana Capital offering.
  • In this case, a rollover fee, swap, or overnight fee will be applicable to the position.
  • There is no guarantee of profit on any financial product amana offers, and past performance of a financial asset does not guarantee future returns.

Amana Capital offers MetaTrader technology through the choice of MetaTrader5 and MetaTrader4. The MT5 platform is available for trading on different devices for Web use, PC, Mobile devices, and Tablets. The process for opening a live trading account is just as uncomplicated, keeping in mind that the account, once registered, has to be funded.

It comprises Amana Financial Services UK, Amana Capital Lebanon, Amana Capital Cyprus, ad UAE. All entities are licensed and registered in their own locations by various local regulatory bodies. The group itself also operates in accordance with the latest MiFID regulations. Brokerage services in currencies, stock indices and commodities are all available for trading, and services are provided by more than 2,000 investment professionals. Amana Capital is an award winning broker and has received some prestigious awards including Best Middle East Forex Broker, Best Regional FX Broker, and an award for Customer Service Excellence. There is only one type of account if you choose Amana Capital as your Forex broker, but it can be set up for individuals, joint of corporate clients.

In addition, existing clients can also call the broker’s trading desks in the UK, Cyprus, or Lebanon with questions directly related to trades and order placement. All types of trading accounts can be funded through a large variety of payment methods, including the standard methods like Visa, MasterCard, and bank wire transfer. In addition, the broker also accepts many common e-wallets such as Neteller, Skrill, FasaPay, WebMoney, Qiwi, Payeer, and others. Account opening, deposits, and withdrawals are also smooth and fast on Amana Capital. We recommend traders to use credit cards for deposits and withdrawals as the fees with this are the lowest.

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You can also choose from over 280 US company shares, such as Facebook, Apple, and McDonald’s. Windows users can download the platforms directly from the broker’s website, once an account has been activated. Amana Capital convinces with a wide range of products, low minimum deposit amounts, fair conditions as well as multiple regulations across borders. Then another page will pop up, which requires more specific info like employment details, trading experience, financial worth, etc. It may ask for you to upload your ID details for verification purposes. If you are truly earnest in opening an Amana Capital account, it is to your advantage to review all the fees involved.

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