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Amana Capital Review and Tutorial

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Amana Capital Facts & Figures

Amana Capital is a leading retail broker offering deposit bonuses and MT4 trading.

 

Awards

None

Bonus $50 deposit bonus
Instruments Forex, CFDs, ETFs, indices, shares, energies, metals, futures
Demo Account Yes
Min. Deposit $50
Pay Methods FasaPay, Mastercard, Neteller, Perfect Money, QIWI, Skrill, UnionPay, Visa, Webmoney, WeChat Pay
Min. Trade 0.01 lots
Regulated By FCA, DFSA, CySEC, CMA, LFSA, FSC
MetaTrader 4 Yes
MetaTrader 5 Yes
cTrader No
ECN Account No
DMA Account Yes
Mobile Apps Yes
Auto Trading Yes
Social Trading Yes
Copy Trading No
Trade Signals Yes
Islamic Account Yes
CFD
FTSE Spread 1.5
GBPUSD Spread 1.9
Oil Spread 5
Stocks Spread Variable
Leverage 1:30 EU, 1:500
Forex

Trade online currencies with tight spreads.

 

GBPUSD Spread 1.9
EURUSD Spread 1.4
EURGBP Spread 2.1
Assets 50+
Risk Warning – Your capital is at risk

The Amana Capital Group is a globally well-known forex broker in numerous purviews, including the UK, the UAE, and Cyprus. In this audit, we investigate the individuals’ area, deposits and withdrawals, demo and real accounts, in addition to all you require on expenses and regulations.

Amana Capital Details

Amana Capital was started in 2010 in Beirut and is headed up by President Ahmad Khatib.

Over the previous decade, the broker has gained momentum in the market, presently reaching more than 80 nations with additional office locations in London, the United Arab Emirates, Cyprus, Sri Lanka, and Malaysia. The company also has 6 regulatory licenses with the DFSA/DIFC (Dubai), FCA (UK), CMA (Lebanon), LFSA (Malaysia), and FSC (Mauritius), CySEC (Cyprus).

Amana Capital presents a variety of instruments across forex, shares, indices, CFDs, spot metals, and commodities, with work area and versatile trading across the MT4 and MT5 platforms. In addition, the broker yields attractive education and trading devices, including Autochartist and TradeCaptain.

Trading Platforms

MetaTrader 4

The adaptability of the MT4 trading platform indicates that both experts and novices can adapt the features to suit their level and strategy. The UI isn’t simply easy to navigate; however, it can also be redone. Features include:

  • The local database of quotes record with export/import functions
  • Scripts for automated executions and trade algorithms
  • Unlimited number of graphical figures at various time intervals
  • A full set of technical analysis tools
  • Real-time quoting feature

MetaTrader 5

The most recent age of MetaTrader – MT5, highlights a similarly intuitive and easy-to-use interface as MT4. However, it offers more noteworthy logical capabilities, in addition to extra progressed trader devices. These include:

  • Powerful algorithmic trading with multi-strategy testing
  • Netting and hedging capabilities
  • Fully-featured trade signals
  • Built-in economic calendar
  • 21 chart time-frames

Windows clients can download the platforms straightforwardly from the specialist’s site when a record has been enacted.

MetaTrader WebTrader

For macOS clients or individuals who would prefer not to download the platform, the MT4 web terminal is a helpful arrangement that offers similar functionalities as the work area application. Clients appreciate full administration of requests, a wide decision of specialized indicators and charting devices, in addition to financial news.

Whenever you have set up a username and secret phrase, you can get to the web terminal directly from your internet program.

Markets

The proprietors have ensured a lot of assets are on the proposal at Amana Capital, including 54 FX pairs and an assortment of mainstream future and money stock indices, for example, the Dow Jones and FTSE 100.

There’s additionally gold and silver on spot and futures contracts, energies including crude oil, and delicate commodity futures like coffee and wheat. You can likewise browse more than 280 US organization shares, like Facebook, Apple, and McDonald’s.

Spreads and Commission

Spreads aren’t the most minimized at Amana Capital, beginning from 1.4 pips for EUR/USD, 1.5 pips for cash indices like the FTSE 100, and 1.9 pips for GBP/USD.

There are no commissions imposed on FX pairs. However, future indices, metals, commodities, and energies accompany a $10 expense for every parcel. For US shares, the commission is $0.02 per share.

There’s likewise an overnight rollover expense (trade charge), which is interest on trades that are kept open for the time being.

Leverage

Leverage for some accepted locales is available up to a limit of 1:500. Note that EU and UK customers can just leverage up to 1:30. Traders with little or no experience ought to be aware that leveraged trading can lead to however many losses as gains.

Mobile Apps

Mobile traders can settle on MT4 or MT5 mobile apps, which are completely compatible with iOS and Android phones. The apps are well-received online for their ease of use and technical trading capabilities, making trading from anywhere possible.

Traders can keep fully informed regarding the financial news feeds, place advanced orders, and utilize the adapted diagramming features. There are likewise custom mobile features available, including pop-up messages and an integrated mobile talk.

Payment Methods

Deposits

Funding choices include bank transfer, credit/debit cards, Skrill, Neteller, and alternative methods like WebMoney and Qiwi. Base currencies are in EUR, USD, GBP, or RMB, and the base deposit, by and large, is $10. Most methods are moment, except bank wire transfers which can take 2 – 5 business days to process.

Most methods will likewise bring about a fee, which begins from 1.5% for cards and goes up to £6 for bank transfers. E Pay and FasaPay are free of charge, and UnionPay is covered by the broker.

Withdrawals

Fees for withdrawals start from 0.5% for UnionPay to 4.9% for Moneta. Card payments and quick international bank transfers are covered by the broker, and some e-currency payment systems, for example, Perfect Money are Amana Capital, additionally does not charge for withdrawals by means of bank wire transfer. However, there might be charges incurred by your chosen bank.

Payments can be processed from the client entryway once you’ve received your login details.

Demo Account

Amana Capital provides a safe preparing account that permits you to trade instruments without gambling real money. Beginners can learn the fundamentals of trading, or experienced traders can use them to review their strategies. The demo account is accessible for 30 days on both the MT4 and MT5 desktop and mobile apps.

Amana Capital Bonuses

Amana Capital offers a $50 welcome reward for all new traders who open an account with at least $100. For some other comparative offers, for example, no deposit bonuses or promo codes, it merits checking the social media pages or the regional websites.

Regulation

Amana Capital is managed by multiple entities and is exceptionally transparent. Organization data, including the owners’ and directors’ profiles, can be discovered easily on the website and LinkedIn. A rundown of Amana Gathering’s regulated entities and licenses are provided below:

  • Amana Financial Services UK Limited– Financial Conduct Authority (FCA), license number 605070
  • Amana Financial Services (Dubai) Limited– Dubai Financial Services Authority (DFSA), license number F003269
  • Amana Capital Ltd– Cyprus Securities and Exchange Commission (CySEC), license number 155/11
  • Amana Capital SAL Holdings– Lebanese Capital Markets Authority (CMA), license number 26
  • AFS Global– Labuan Financial Services Authority Malaysia (LFSA), license number MB/18/0025
  • ACG International Limited– Financial Services Commission Mauritius (FSC), license number C118023192

Additional Features

There’s no scarcity of additional features at Amana Capital, with educational resources going from seminars, webinars, and e-books to financial calculators and an economic calendar.

The broker additionally offers trading signals through Autochartist and TradeCaptain, each offering advanced day-by-day updates, experiences, and analytics. There’s additionally RiskPulse, a free clever information analytics apparatus that gives a nitty-gritty investigation of trading performance, predictions, and scientific arrangements.

Account Type

Account types at Amana rely upon your experience and what you wish to trade.

For those searching for a classic trading experience with forex and CFDs, there is the Amana Classic account. Active and elite traders with huge starting capital can choose between Amana Active or Amana Elite.

There’s also a Shares Account for the individuals who simply want to deal on any of the 280+ US shares or, for copy-traders, the ZuluTrade Account.

  • Amana Classic – $50 beginning deposit, spreads from 1.4 pips, leverage up to 1:500, standard commission rates on CFDs, MT4/MT5 platforms, CFDs
  • Amana Active – $25,000 least funding, $100m volume each calendar month, active trader commission rates on FX and future CFDs, relationship director, Programming interface trading, VPS
  • Amana Elite – $250,000 least funding, elite spreads and reduced charges, trading information instruments, customized trade work area services
  • Shares Account – No base deposit, up to 1:10 leverage, $0.02/share commission, MT5
  • ZuluTrade – Free for active clients, computerized copying strategies with personal portfolio, social features, customizable instruments, compensation scheme 

Benefits

Amana Capital performs well in a few regions:

  • RiskPulse, TradeCaptain, and Autochartist
  • Commission-free forex trading
  • ZuluTrade and PAMM accounts
  • Negative balance protection
  • Islamic accounts available
  • Multiple regulations

Drawbacks

We noticed a couple of drawbacks in our survey:

  • Higher than average spreads
  • No cryptocurrencies
  • No FAQs

Trading Hours

For most currency pairs, trading is available from 00:00 to 24:00, Monday to Friday (GMT+3). For US shares, trading meetings are 16:30 – 23:00, Monday to Friday (GMT+3). For any remaining instruments, you should check the site where specific meeting times are given.

Customer Support

There are many ways you can get to Amana Capital, including one of the five customer service telephone numbers for each area, or by messaging support@amanacapital.com. You could likewise communicate something specific through WhatsApp, Twitter, Facebook Courier, WeChat, Message, or Live chat. The site is available in Arabic, English, and Mandarin.

The customer service contacts we addressed at Amana Capital were all useful and quick to react to inquiries.

Security

Amana Capital offers an undeniable degree of security and wellbeing to clients, including a Balance Protection Policy, segregated fund accounts, and fund insurance up to $1,000,000 for FSC and LFSA clients. There is additionally fund protection up to £85,000, as a component of the Financial Services Compensation Scheme in the UK and Cyprus

The MetaTrader platforms additionally come with premium security features, including 128-cycle encryption and 2FA protocols.

Amana Capital Verdict

Amana Capital clients partake in an arrangement of trading apparatuses, including the MetaTrader platforms and signs service. Accounts are accessible with just a $50 least deposit, and a few confided in funding choices. The multiple regulations likewise guarantee that Amana Capital is a genuine contender in the forex and CFD market.

Accepted Countries

Amana Capital acknowledges traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Saudi Arabia, Hong Kong, India, France, Germany, Norway, Sweden, Germany, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and most other countries.

Traders cannot utilize Amana Capital from United States, Canada, Korea, Japan, Israel, Iraq, Cuba.

Alternatives to Amana Capital

In case you are searching for alternatives to Amana Capital, we have ordered a rundown of the top 5 brokers that are like Amana Capital underneath. This rundown of brokers like Amana Capital is arranged by similitude and just incorporates organizations that acknowledge traders from your area. 

RoboForex – RoboForex is a multi-asset online broker contributing amazing trading associates.

Hantec Markets – Hantec Markets is a multi-directed online FX broker contributing MT4, and custom-fitted assistance is giving immense adaptability to suit any trader.

FXOpen – FXOpen is an exceptionally directed FX and CFD broker which offers multiple trading platforms.

OctaFX – OctaFX offers multi-asset trading on a scope of platforms and versatile arrangements

IronFX – IronFX offers web-based trading in forex, stocks, futures, products, and cryptocurrencies

FAQ

How would I pursue a genuine account at Amana Capital? 

You can pursue an individual, joint, or corporate account by filling in the short online structure. You will then, at that point, approach to set up your login subtleties for the entry and give ID reports.

How might I finance my Amana Capital account? 

You can subsidize your account by signing in to your part region and adhering to the directions inside the deposit/withdrawal area.

Does Amana Capital offer PAMM accounts?

Indeed, the broker’s asset, the executives’ program, upholds the utilization of PAMM accounts. Qualified customers can present an application by means of the site.

Where is Amana Capital based?

Amana Capital has a few office address areas around the world, including London, Dubai, Cyprus, and Beirut. Addresses for particular workplaces can be found on the broker’s site.

What amount do I have to subsidize an Amana Capital account?

Before you can exchange any of the markets, you need to deposit essentially $50 into an Exemplary account.

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