Amana Capital Review 2023 A Must Read Before Signing Up

After reading this review, you will be judging for yourself if it is the best trading platform for you or not. Apart from a basic Economic Calendar, there is no real market analysis to speak of. This is because when trading a USD quoted currency pair with a GBP account, there will be a small conversion fee for every trade made. Overall, Amana Capital has a good range of funding methods, but withdrawal and deposit fees are higher than other similar brokers.

The Amana Capital MetaTrader 4 for Mobile & Tablets is fully compatible with the major operating systems and can be downloaded from App Store or Google Play. 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 is one of the best CFD brokerage firms in the world. Their main draws are their multiple regulations, their wide range of tradable assets that amount to three-hundred sixty, and sophisticated techs like MT4 and MT5. The trading platform also has particular tools for the most adept traders like trading signals, VPS , market analysis, and the latest news.

Company Details

Amana Capital’s proprietary financial news, research and educational services are provided via SouqElmal.com. However, this account can be set up in individual, joint or corporate configurations. The minimum deposit required for opening any account is $1000. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review.

Amana Capital offers a wide range of payment methods, but it charges high fees for deposits and withdrawals. While most brokers don’t include this step in the account-opening process, it is a responsible move in an industry that is often accused of an irresponsible approach to consumer protection. Funding options include bank transfer, credit/debit cards, Skrill, Neteller, and alternative methods such as Qiwi and WebMoney.

Is Amana Capital Safe?

You can sign up for an individual, joint, or corporate account by filling in the short online form. You will then be asked to set up your login details for the portal and provide identification documents. There’s also a Shares Account for those who just wish to trade on any of the 280+ US shares, or the ZuluTrade Account for copy-traders. There’s no shortage of additional features at Amana Capital, with educational resources ranging from e-books, seminars and webinars, to financial calculators and an economic calendar. The owners have ensured plenty of assets are on offer at Amana Capital, including 54 FX pairs and a variety of popular future and cash stock indices, such as the Dow Jones and FTSE 100. Amana Capital MetaTrader 5Windows users can download the platforms directly from the broker’s website, once an account has been activated.

Amana Capital is a trustworthy and dependable broker offering trading on a broad range of tradable assets. With one live commission-free account, spreads are wider than the industry average. However, with higher minimum deposits, more experienced traders can access tighter spreads in exchange for a small commission per lot traded. 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.

• Australians will be trading under the subsidiary, ACG International, regulated and authorised by the Financial Services Commission Mauritius .
• There’s also an overnight rollover fee , which is interest on trades that are kept open overnight.
• Amana Capital is one of the best CFD brokerage firms in the world.
• Amana Capital offers three promotional offers to traders under its Malaysia-regulated entity .
• We may receive compensation when you click on links to products we review.

Amana Capital offers several additional ways for traders to make extra money. Social trading is available at Amana Capital and the provisions allow traders to interact with regional traders, open discussions and enter current ones, share their experience and receive feedback from other members. The community offers the opportunity to build productive interactions and exchange expertise with other traders and research analysts in the region. Trading Forex, CFD, Binary Options, and other financial instruments carry a high risk of loss and are not suitable for all investors.

Subjects vary widely from basic concepts to advanced trading strategies. Furthermore, Amana Capital participates in an investor protection scheme, and residents of EEA countries such as the UK receive investor protection up to 85,000 EUR. Additionally, all funds are insured through Lloyd’s of London, one of the world’s leading providers of specialist insurance, providing coverage of up to 1 million Euro, GBP, or AUD .

amana capital withdrawal Capital MT4 Multi-terminal allows you to manage several trading accounts through a single platform and gives you a list of tools needed for managing all your accounts at one and at the same time. For traders that trade in large volumes , it is better to open an account denominated in USD at a digital currency bank, especially for trading on assets such as the EUR/USD. This is because when trading a USD quoted currency pair with an AUD account, there will be a small conversion fee for every trade made. I deposited 30,000 on the same day and lost, just over 200 left. A staff helped me to operate and there was ober 800,000 in the afternoon.

Amana Capital Review 2023

There are no commissions charged on FX pairs, but future indices, metals, commodities, and energies come with a $10 fee per lot. Amana Capital offers MetaTrader 4 and MetaTrader 5 platforms to the traders. These are industry standard third-party platforms developed by the company MetaQuotes Software.

An impressive array of analytical tools, available in nine timeframes for each financial instrument. A built-in library of more than 50 indicators and tools to streamline the analysis process. Deposits are instant, withdrawals are processed within 24 hours. 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.

The talented team that works for Amana Capital are expert in their respective marketing fields. All are incredibly adept and work hard in delivering the best and most streamlined technology that they can provide to traders all over the world. Trade more than 3,700 markets without commissions and professional platforms. Amana Capital’s customer support is disappointing compared to other similar brokers. Overall, Amana Capital’s CFD offering is in line with what is offered by other similar international brokers but stands out for the number of Forex pairs on offer.

It comes loaded with virtual funds and is available for 30 days on the MT4 and MT5 trading platforms. As you can see from the table above, Amana Capital offers one commission-free account with trading costs included in its variable spreads. This means that the spread will fluctuate and get wider or tighter depending on trading volume and market volatility. Overall, at 14 USD per lot traded, Amana Capital’s trading costs are higher than the industry average.

Opening an account

Additionally, there are thousands of plugins and tools available for the MetaTrader platforms. The Amana Active account requires a minimum account balance of 25,000 USD and a minimum volume of 100 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. Traders have access to a personal account manager, API Trading, trading signals and technical studies, and a free VPS service.

Thus, they can extend the reach of their brand of operations to the farthest regions of the planet that sorely lacks access to their superb technology. For the purposes of this review, the live chat feature was not working. We also emailed customer support numerous times and got no response. Amana Capital also advertises a call-back service which we tried, but again, there was no response.

Where is Amana Capital based?

Amana Capital also offers a Shares Account, which will not be the focus of this review. Amana Capital Group is known throughout the financial world as one of the top-tier online trading specialists, which has access to international financial markets in more than eighty countries. It is a well-regulated brokerage company that prioritizes rookie traders. They are given a wide range of educational tools to assist them in their path to becoming better traders. They are also provided tighter spreads on the least costly accounts.

The Position Size Calculator calculates the size of the position in units and lots while the Profit and Loss Calculator helps to evaluate the predicted profit or loss from any operation planned in the Forex market. Amana Capital has not won any recent awards, but based on its broad regulatory oversight, we deem it a reliable and secure broker. Amana Capital SAL is authorized and regulated by the Lebanese Capital Markets Authority as a Financial Intermediary Institution .

I finally located the referral promotion tucked away amid the partnership options. Traders at Amana capital will receive a bonus for every successful referral made. I didn’t find any additional information when doing this review.

Trading Platforms

The https://forexhero.info/4 platform, offered in its various different applications, is a major plus for traders. Amana Capital offers a variety of payment options for funding an account. It accepts credit and debit cards, bank transfers, checks and several online payment plans. There is a $6.00 fee charged by Barclays Bank on bank wire transfers and this is deducted from the net amount received. This type of trading platform has been the prevalent tool in the foreign exchange market throughout the world. It is ideal for novice traders because of its clean and laden user interface.

Mobile traders can opt for MT4 or MT5 mobile apps, which are fully compatible with iOS and Android phones. The apps are well-reviewed online for their ease of use and technical trading capabilities, making trading from anywhere possible. Amana Capital offers copy trading services with ZuluTrade, which is a third-party platform. Though a few key withdrawal methods are free, the broker charges fees for most of the methods. Both deposits and withdrawals on Amana Capital areeasy and fast.

With access to free guides, step-by-step tutorials and a vibrant trading community, owning your know-how has never been easier. There’s a common misconception that you need a hefty budget to become an investor. Amana empowers everyone to own their finances, regardless of their income or experience. Amana Capital has several office address locations arounds the world, including London, Dubai, Cyprus, and Beirut. Addresses for respective offices can be found on the broker’s website. You can fund your account by logging in to your member area and following the instructions within the deposit/withdraw section.

All contents on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalised advice before you make any trading or investing decisions. Daytrading.com may receive compensation from the brands or services mentioned on this website.

However, upon upgrading, the more expensive ones have better trading conditions. Trading accounts can only be denominated in three base currencies – EUR, USD, and GBP, which is limited compared to other brokers. Most other brokers denominated accounts in at least five to ten currencies.

Amana Capital convinces with a wide range of products, low minimum deposit amounts, fair conditions as well as multiple regulations across borders. Amana Capital’s greatest impact on the traders is its comprehensive and highly effective tools like the Meta Trader 4, and 5. Their account types serve no complications, and their site is user-friendly. 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.

Base currencies are in USD, EUR, GBP, or RMB, and the minimum deposit in most cases is $10. Most methods are instant, except bank wire transfers which can take 2 – 5 business days to process. The broker charges commission on share CFDs trading and for all asset classes on its top-tier accounts. First and foremost are the vast number of educational tools that can benefit traders with all levels of trading experience. It is unfortunate, however, that some of these tools—such as the webinars—are available in Arabic only. Maybe at some future date, the broker will offer webinars and seminars in English and other languages.