Amana Capital Review 2023 A Must Read Before Signing Up

Amana Capital’s educational section is comprehensive and useful for beginner traders, but it is not as good as the best brokers in this space. The choice of financial assets offered by Amana Capital is wider than other similar brokers. Overall, Amana Capital offers an excellent range of useful trading tools. Risk Pulse is a free analytics tool offered to Amana Capital clients. It is designed to help traders analyse and understand their trading habits. The Risk Pulse dashboard displays information about trading performance, calculated predictions of future results, and solutions to enhance trading performance.

They also invest in a diversity of assets like public securities, private companies, and real estate. 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.

Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time. When choosing the account type, you are able to utilize it once you will open an Amana Capital account. It will be dependent on your level of experience and what you want to trade. If you want to only trade in foreign exchange or CFDs, you can opt for the Amana Classic.

Amana Capital’s Classic Account has a minimum deposit requirement of 50 USD, making it accessible to beginner traders. Another important cost to consider is the swap rate charged on positions held overnight. When trading a currency, you are borrowing one currency to purchase another. The swap interest fee is calculated based on the difference between the two interest rates of the traded currencies. Amana Capital also offers an Active Trader Programme, an Elite Account, and a Share Account. However, for the purposes of this review, we will focus on the trading conditions of the CFD accounts (click here for more on Amana Capital’s trading accounts).

If you are truly earnest in opening an Amana Capital account, it is to your advantage to review all the fees involved. You would not want unknown or hidden fees to occur that you have no knowledge about and might cause issues in the future. If you want to trade in US shares, you can opt for the Shares or the ZuluTrade account.

Customer Support

amana capital withdrawal Capital’s trading platform support is average compared to other similar brokers. Amana Capital does not charge account or inactivity fees, however, it charges relatively high deposit and withdrawal fees. FP Markets – FP Markets is a multi-asset broker offering a choice of trading platforms. For those looking for a classic trading experience with forex and CFDs, there is the Amana Classic account. Active and elite traders with large starting capital can choose between Amana Active or Amana Elite. Amana Capital offers a $50 welcome bonus for all new traders who open an account with a minimum of $100.

IG Group – IG offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence. Amana Capital offers a high level of security and safety to clients, including segregated fund accounts, a Balance Protection Policy, and fund insurance up to $1,000,000 for LFSA and FSC clients. There is also fund protection up to £85,000, as part of the Financial Services Compensation Scheme in the UK and Cyprus. Amana Capital Economic CalendarThe broker also offers trading signals via Autochartist and TradeCaptain, each offering advanced daily updates, insights and analytics.

Its capability can be further enhanced, if you install plugin applications that correspond to the language that Meta Quotes utilize. Online traders can use a good amount of scripts, EAs, indicators from the Meta Quotes, and other online sources. A MetaEditor is also included, which enables you to customize the tools and functionality of the platform. Amana Capital offers multilingual support available 24/5 via telephone, call back, email, and messenger services such as WhatsApp, Facebook Messenger, Twitter, and Telegram.

Australians will be trading under the subsidiary, ACG International, regulated and authorised by the Financial Services Commission Mauritius . The FSC’s rules are not as strict as those of the FCA or CySEC, but it does allow Amana Capital to provide its clients with higher leverage. If you apply for a withdrawal, you must also be upgraded to a gold member to be able to withdraw without running volumn requirement, but you can’t withdraw part of the money after you have recharged it… It is also stipulated that you must recharge within the time limit, otherwise it will be deducted from the account until the deduction is exhausted. There are multiple contact channels you can get in touch with Amana Capital, including phone, live chat, sending messages online, or chatting on Telegram, WhatsApp and Messenger. You can also follow this broker on social networks such as Twitter, Facebook, Instagram, YouTube, TikTok and LinkedIn.

You can also choose from over 280 US https://forexhero.info/ shares, such as Facebook, Apple, and McDonald’s. For MacOS users or those who don’t want to download the platform, the MT4 web terminal is a convenient solution that offers the same functionalities as the desktop app. Users enjoy full management of orders, a wide choice of technical indicators and charting tools, plus financial news. Amana Capital offers some excellent market research and analysis tools. Amana Capital offers three promotional offers to traders under its Malaysia-regulated entity . Amana Capital offers excellent trading conditions, allowing both hedging and scalpingstrategies.

• Online traders can use a good amount of scripts, EAs, indicators from the Meta Quotes, and other online sources.
• A staff helped me to operate and there was ober 800,000 in the afternoon.
• Its creators had noticed that traders prefer its functioning and tools, so they developed a new one with enhanced operability.
• 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.
• You can also choose from over 280 US company shares, such as Facebook, Apple, and McDonald’s.
• Trading costs improve further on the Elite Account, but this requires a minimum deposit of 250,000 USD.

Traders should note that although Amana Capital states that its accounts are market execution accounts with no requotes, Amana Capital acts as the principal and not an agent on the client’s behalf. This means that Amana Capital is the sole counterparty to the client’s trades and execution of orders is done in the Company’s name. Therefore, Amana Capital is also the sole Execution Venue for the client’s orders, which is why the spreads on Amana Capital’s Classic Account are not as favourable as those of other brokers.

It also charges high deposit and withdrawal fees on some payment methods. A market maker, Amana Capital offers trading on multiple assets, including Forex, energies, cryptocurrencies, indices, commodities, metals, and shares. Amana offers a single live commission-free account for Forex and CFD trading. However, with higher minimum deposits, traders get access to the Active Trader Programme or can choose to become professional traders.

Educational Material

Beginners often do not want to risk trading large sums of money, and will generally not be able to trade full-time during the workweek. Amana Capital offers a single trading account, which is suitable for beginner traders, but it also offers an Active Trader Programme and Elite Account for more experienced traders. Amana Capital Group is a financial services group specializing in providing brokerage services in currencies, commodities, and stock indices. Overall, Amana Capital offers fewer trading account currencies than most other large international brokers and doesn’t offer accounts denominated in AUD. In accordance with FSC regulation, Amana Capital holds all client funds in segregated accounts and provides negative balance protection, which means that clients can never lose more than is in their trading accounts. Amana Capital’s clients with accounts under the FSC licence will also benefit from 1,000,000 USD protection insurance should the Company be liquidated.

The way it works is that the MAM user opens a master account, and other traders’ accounts are linked to it. He will then trade all the accounts at the same time using his master account. There is no assurance that you can turn a profit using this method, but it is applicable for traders with many contacts in the forex market. Amana Capital’s market analysis materials are minimal compare to other similar brokers, but it does offer research through third-party providers, Autochartist and Trade Captain. We were pleasantly surprised by Amana Capital’s approach to beginner traders, with a helpful and well-structured education section and excellent customer service for clients all worldwide. First-party analytical resources are almost non-existent, though.

MT5 or Meta Trader 5

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 does offer demo accounts that allow investors to trade instruments without risking real money. Beginners can learn the basics of trading, or experienced traders can use it to practice their trading strategies. The Amana Capital demo account is available for 30 days, on both MT4 and MT5 desktop and mobile apps.

Spreads start at 1.40 pips pips on the EUR/USD, which is wider than other market makers. 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. MetaTrader 4 has a user-friendly and understandable interface that allows traders to view their orders, trades, account details as well as use advanced technical analysis tools to analyze the financial markets. While MT4 and MT5 are both excellent trading platforms, many other CFD brokers also offer their own web-based platforms, which tend to be easier to use for beginner traders.

Access global & local financial assets

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. They ensure their proliferation in the fast-paced world of international finance. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Videos – Amana Capital offers a small collection of introductory trading videos, but don’t expect anything too in-depth.

For any other similar offers, such as no deposit bonuses or promo codes, it’s worth checking the regional websites or the social media pages. Now I am passionate about reviewing and comparing forex brokers. Thebroker offers attractive spreads on forex and stock CFDs with fast execution. MarketsInstrumentsForex64Indices20Stocks and ETFs286Commodities18Cryptocurrency4The markets and the number of offered instruments will depend on the account jurisdiction. We traded the popular instrument ineach markettoget the real spreads and placed a total of 12 trades. All Australian residents are eligible to open an account at Amana Capital but have to meet the minimum deposit requirement of 50 USD.

FAQ – The most asked questions about Amana Capital :

Enter trading platform, base currency, nationality, passport number , date of birth, address, employment type, and educational level. The MetaTrader4 trading platform can be downloaded directly from the Amana Capital website. The platform support Expert Advisors and Trailing Stops and can be run on Mac computers. These fees are not the accepted industry standard for funding methods. Online trading involves significant risk, and you may lose all of your invested capital. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. Amana Capital offers a solid trading experience for traders worldwide and especially for those in the MENA region looking for a reliable, local Forex broker. It offers comfortable and profitable trading conditions including competitive bid/offer spreads starting from as low as 2 pips, no hidden commissions on spot contracts and more.

Account types at Amana depend on your experience and what you wish to trade. Payments can be processed from the client portal once you’ve received your login details. Spreads aren’t the lowest at Amana Capital, starting from 1.4 pips for EUR/USD, 1.9 pips for GBP/USD, and 1.5 pips for cash indices such as the FTSE 100. Our overall account opening experience was smooth and without any issues from registration to verification. Provide details on the source of funds, intended initial investment, funding method, estimated annual income, estimated net worth, TIN number. Our overall experience of opening a new account with Amana Capital was smooth and fast.

They can only generate commission from the profits they can gather. Amana Capital has that software included in the platform and accessible to those more advanced traders. It works well in unison with ZuluTrade, wherein both tools can complement each other and work for the benefit of the user. For investors trading with Amana Capital, there are different trading platforms and tools that can be applied. Among others, traders can opt for the world-famous MetaTrader platforms 4 and 5.

However, the broker charges high deposit and withdrawal fees on most of the methods. Amana Capital charges deposit and withdrawal fees on most of the methods. An asset manager has direct access to the company’s global network of international banks and financial institutions liquidity without trade size restrictions.

Overall, Amana Capital’s account-opening process is fully digital and hassle-free and accounts are generally ready for trading once all documentation has been approved. Next, traders will have to choose their preferred platform, base currency, nationality, and employment type. By default all new accounts opened via the amana app are opened with AFS Global Ltd, licensed and regulated by the Labuan Financial Services Authority, Labuan Malaysia. With fractional trading, you can own snippets of the shares you like without breaking the bank.

Its creators had noticed that traders prefer its functioning and tools, so they developed a new one with enhanced operability. MT4 add-ons and EAS that were specifically made for it do not operate anymore in MT5. Clients from the United Kingdom are under the protection of the FSCS or the Financial Services Compensation Scheme, which shields the investors from the danger of bankruptcy. Whenever this situation occurs, the FSCS will compensate the clients for up to 85k British pounds. 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. Their shareholders have an esteemable reputation through the construction of various businesses.