Amana Capital Review 2023 ️Pros and Cons Revealed

Those starting to learn the markets will enjoy the array of educational sources, while the professionals will find powerful trading features with competitive costs. This includes but is not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. 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. Amana Financial Services Limited is authorized and regulated by the Dubai Financial Services Authority – DFSA . The DFSA is the financial regulatory agency of the special economic zone, the Dubai International Financial Centre . Traders can rest assured that funds are kept separate from the brokers’ funds along with their protection by the schemes in case of insolvency, robust risk control and regular audits.

The platform support Expert Advisors and Trailing Stops and can be run on Mac computers. Amana Financial Services does not charge any fees on debit or credit cards transactions, however a 1.5% fee will be deducted as part of the cost charged by the merchant payment solution provider. Neither is there a charge on Skrill transactions, but here too a 2% fee will be deducted as part of the cost charged by the provider of the service. In terms of security, Amana Capital takes its responsibilities seriously. The platform is regulated by several reputable regulatory bodies, including the Financial Conduct Authority and the Cyprus Securities and Exchange Commission .

How was the rating of Amana Capital performed compared to other brokers?

With Amana Capital, you can trade in over 250 instruments across multiple markets. The platform offers competitive spreads and low commissions, making it a cost-effective option for traders of all levels. Additionally, Amana Capital offers a range of educational resources and tools, including webinars, eBooks, and a trading academy, to help traders improve their skills and stay informed about market trends. Amana Capital provides five different account types Classic Account, Active Account, Elite Account, Trade Loss Recovery Account, and the option for an Islamic Account. Each account type has its own set of conditions for commission, margin call, and leverage, and minimum deposits.

What made me rate this is when amana capital brokerting up or there is an option to select… Great broker, excellent platform and technology seems to be pretty good! Are available across all time zones to assist you with setting up your VPS or troubleshooting any issues you may have. 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. And e-payments or alternatives Skrill, Neteller, WebMoney, Qiwi and more (fees vary according to the method and starting from 2.8%).

Deposit Options

It comes loaded with virtual funds and is available for 30 days on the MT4 and MT5 trading platforms. However, Amana Capital also offers two high deposit accounts that are suitable for more experienced traders – the Amana Active Account and the Elite Account. The Amana Active Account requires a minimum deposit of 25,000 USD and spreads tighten to 0.1 pips on the EUR/USD in exchange for a commission of 3 USD per lot traded, which is highly competitive. Trading costs improve further on the Elite Account, but this requires a minimum deposit of 250,000 USD. Amana Capital is an online trading platform that offers a wide range of trading services for Forex, commodities, and indices. The platform is designed with the trader in mind and offers a number of features that make trading easy and accessible for everyone.

• Amana capital.com boasts of accreditation by Cypress Cytec, FCA alongside with the UAEs DFSA. These claims are made by close to no provisions of tangible no works and signings to validate them.
• All client funds are kept in segregated bank accounts which should not be used by Amana Capital for its own operations.
• Trading is offered on both MT4 and MT5, and Amana Capital offers an excellent range of trading tools.
• The company complies with its trading service according to the strict regulatory requirements set by world-leading authorities like FCA, Dubai DFSA, CMA, and CySEC.
• It is designed to help traders analyse and understand their trading habits.
• Apart from a basic Economic Calendar, there is no real market analysis to speak of.

Deposits are charged with a 1.5% fee while withdrawals are covered by Amana. It is owned by private investors with a varied collection of global business interests represented by Manara Capital and Capital Guidance. Workshops are frequently scheduled in some cities like Cairo, Muscat, Abu Dhabi, etc. The seminars normally last 3 hours and are taught in Arabic or any other prevalent language in the area. Webinars are also scheduled on the website for clients of various experience levels.

KVB Kunlun Islamic Account

MAM accounts can also be useful to some investors and money managers who are looking for a way to manage multiple accounts with relative ease. The award winning Autochartist is a fantastic tool that can assist with in-depth market analysis so you can find trading signals and make informed decisions. Amana Capital clients are given access to trading signals from the brilliant Autochartist.

The company complies with its trading service according to the strict regulatory requirements set by world-leading authorities like FCA, Dubai DFSA, CMA, and CySEC. You can start trading with a minimum of $100 and receive a $50 bonus credited into your account. Leverage can magnify gains, but you should always remember that losses can also exceed your deposits, therefore you should choose to leverage accurately and always consider necessary risks. This entails, that according to the regulatory requirements each jurisdiction set, it determines the allowed levels the broker may offer to its clients. TradeLoss Recovery Account is for traders where they are helped to compensate their trading losses. It is designed for retail traders who are looking to add an extra layer of protection against trading losses.

Despite these positives, the trader education provided on the website is not very comprehensive whilst a majority of the materials are not available in English. I don’t really like how you need deep pockets to get access to low spreads and that would probably be a deal breaker from my point of view as I use scalping strategies. There are some basic trading guides that may be useful to the absolute beginner but most of the information you can find for free online somewhere else.

Well, I took part in fx trading a few years and tried several brokers in past few years. The most important thing I like Amana Capital is its responsive customer service. I prefer to those who are here to help solve my general questions at any time. Well I am not new in this trading and have tried several brokers in past few years.

This event will last two days and it will be prepare for brokers, traders, investors, affiliates, fintech companies, blockchain companies and media…. 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. Likewise deposits, withdrawals are also managed through your online account area. While Amana process transaction quite quickly within 1-2 business days.

Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. If you can see past these hiccups, I think they can be worth consideration whether you’re a beginner or a professional trader. You can start with a risk-free demo account to warm up, or delve deeper and start with a real account from as little as $50. When it comes to choosing a broker, regulation is one of the first things that I look for.

Furthermore, to enrich the trading experience free VPS allows you to automatically trade virtually without the need of staying connected to the trading platform through a device. A platform can be a multi-asset one, which means that it allows clients to not only trade forex but also other asset classes like CFDs on stocks, stock indices, precious metals, and cryptocurrencies. The Bank wire deposit fee is £6 but there are no withdrawal fees. The Amana Capital group works with prominent 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 where applicable. You can qualify for this account if you trade with a minimum of $ and a volume of $100 per calendar month.

Trading Platforms, Software and its Features

Amana fees are defined by the account type you would use, which is also tailored to the instrument or asset you will trade. Search by account type, minimum deposit, and maximum leverage in 2,000+ forex brokers. Amana Capital offers an impressive range of over 800+ financial instruments including CFDs on currency pairs, stocks, commodities, indices and cryptos. There should be something for everyone to trade, regardless of your interests. CFD trading enables you to buy and sell instruments without actually needing to physically own the underlying asset. I think traders can build a diversified portfolio although they are not quite on the level of IG who have more than 17,000 instruments to trade in comparison.

It is free of charge but $3 is charged when money is loaded into it and a 1.5% withdrawal fee applies. According to recent research, Amana Capital is an Arabic forex broker company that is based in Dubai. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs.

Can I choose which trading platform I want to use for the demo account?

This company does not care about your money they only care about themselves. They never followed with the person and they don’t know anything about him. You can reach the customer support located in offices of London, Riyadh, Limassol , Beirut, Dubai, and Al Khobar. The usual contact forms are in place, like the e-mail, live chat, and the phone line. Amana Capital also offers various educational materials were many questions are already answered, but if you are too lazy to look for it, just contact the Amana support team and get your information first-hand. The customer support does its best to be available around the clock.

Indices, energies, and commodities tradings are charged a commission of USD 5 per lot, and a minimum commission of USD 15 is charged for each trading of stock CFDs. Swap is expressed in pips per lot and varies according to different financial products traded. The swap fee is generally calculated a day, and the interest calculation time is midnight of server time. Amana Capital offers several kinds of accounts, namely Forex & CFDs, Active traders, the Share account, Elite service, and Copy Trading accounts. Amana Capital requires a minimum deposit of $50 to start a live account. Amana Capital offers an excellent range of trading tools compared to other similar brokers, including technical analysis tools, a copy trading platform, and VPS hosting.

Also https://forexhero.info/ white label solutions, introducing broker programs, asset managers programs, and more. The MT4 trading platform is one of the market standard platforms for forex traders and brokers around the world. It is a user-friendly platform which makes it a great option for beginners, yet it has enough capabilities that make it a viable option for professional traders. MT4 is replete with tools for efficient trading and detailed markets analysis. It also supports automated trading through the use of expert advisors .

Zulutrade is a global trading network where you can see how professionals are trading and copy their strategies. Its cross-platform social trading application enables you to execute the trading strategies that experienced professionals have developed through the years. Virtual Private Server enriches your trading experience by allowing you to automate your trades in the cloud without the need of staying connected to your trading platform through your device. It offers an economic calendar that features all the major market events you need to be aware of as well as live prices and charts where you can check the latest moves in real-time. Potential traders need to be assured that the broker company they chose can offer the necessary support and help whenever they may need it. VPS performs rapid trade execution with remote access and is available for free to live account holders that maintain equity of a minimum of $5 000.

Initially, there were a few bugs on the app, however reaching their customer services team they updated their entire app and now purchases and withdrawals are working well. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. Based on their live chat, an Indonesian citizen is restricted to open an UK account under FCA regulation. Traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital.

You can access your VPS using the Remote Desktop Connection at any time and you will see that your platforms are still running as you left it. Optimal connectivity for financial software cannot be achieved with all servers and ISPs. Risk Warning – Trading CFDS, FX and Cryptocurrencies involves a high degree of risk. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the risk of losing your money.

We suggest getting in touch directly with the broker once the account has been opened. Swap Free Swap Free Policy Applies for Islamic accounts operates in accordance to Sharia laws which means that interest is not applied on trades held overnight. Multilingual customer support throughout the hour via several tools. Tens of financial instruments including Forex, Spot Metals and Futures. Investing according to Islamic principles can offer many benefits to Muslims and non-Muslims alike.

I would always prefer to use a regulated broker as they must comply with a strict set of rules and procedures that have been put in place to protect investors. I am therefore pleased to see that Amana Capital is regulated in multiple jurisdictions by what I would personally consider to be some top-tier regulators. This means that I can focus on my trading without worrying about the safety of my broker. Just keep in mind that the features and protection that you are entitled to can differ depending on the entity that you register with.