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Trading instruments offered to traders are currency pairs, commodities, shares, indices, and many more. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. Traders who first go through the Amana Capital login process will find a low minimum deposit requirement, just $50, to get started. The spreads offered by the broker are mostly passable, although nothing truly spectacular. The broker also offers both MetaTrader 4 and 5, letting traders choose between the tried and true older version and the later version’s new features. The broker holds many promotions, although the various regulations that the different branches are under complicate availability.

It is also known for its 24/7 dedicated client services and daily market analysis, Financial portal TradeCaptain and SMS alerts. Amana Capital is a leading online trading brokerage who provides both institutional and retail clients with direct access to the global financial markets. Their vision is to provide the most trusted and secure online trading services for a wide variety of tradeable instruments across the global financial markets. Amana Capital has seen great success and growth since their establishment in 2010 when they were only one entity known as Amana Capital SAL-Lebanon. Not only does Amana Capital have numerous entities, but the brokerage is licensed and regulated by numerous regulatory authorities as well. Amana Capital is regulated by the Financial Conduct Authority , the Dubai Financial Services Authority , the Banque Du Liban , and the Cyprus Securities and Exchange Commission . It’s clear that Amana Capital is a competent and trusted online trading brokerage, but are they the right choice for you?

While Amana process transaction quite quickly within 1-2 business days. Using its Prepaid card there is no fees waived for withdrawals, while other methods also depending on your jurisdiction may add on some fees. Amana Capital is a financial service group company that provides brokerage services in international markets through its offices located in Beirut, Dubai, Cyprus and London. With the Amana Capital Classic account, you will not pay commission charges on forex trades or cash CFDs. The broker does, however, charge $10 per lot on futures CFDs and $0.02 per share on Share CFDs. The minimum deposit limit at Amana Capital depends on what type of account you open. The Amana Classic account has a minimum deposit limit of $50, whilst the Active Trader account has a much higher minimum limit of £25,000.

Amana Capital has that software included in the platform and accessible to those more advanced traders. It works well what kind of brokers are there in unison with ZuluTrade, wherein both tools can complement each other and work for the benefit of the user.

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. For more experienced and sophisticated ones, you can select between Amana Elite or Amana Active. The way it works is that the MAM user opens a master account, and other trader’s 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. For investors trading with Amana Capital, there are different trading platforms and tools that can be applied.

Exceptional Trading Conditions

The platform support Expert Advisors and Trailing Stops and can be run on Mac computers. Before you can trade any of the markets, you need to deposit at least $50 into a Classic account. Amana Capital Forex Broker Review OctaFX – OctaFX offers multi-asset trading on a range of platforms and mobile solutions. BlackBull Markets – BlackBull Markets offers forex and CFD trading on the MT4 & MT5 platforms.

Comments including inappropriate, irrelevant or promotional links will also be removed. Tell our team and traders worldwide about your experience in our User Reviews tab. This application does not require any additional software installation and presents all the MT4 features available on Windows. Every account opened at Amana Capital is a Swap-Free account and operates in accordance to Sharia laws which means what kind of brokers are there that interest is not applied on trades held overnight. Yes, the broker’s asset management program supports the use of PAMM accounts. If you are looking for alternatives to Amana Capital we have compiled a list of the top 5 brokers that are similar to Amana Capital below. This list of brokers like Amana Capital is in order of similarity and only includes companies that accept traders from your location.

Amana Capital is very open and transparent with their associated fees and commissions on all their tradable products. All associated fees can be found on their website when looking further into the investment products. The fees vary from account to account but are generally very competitive. As well, they offer Swap free accounts for traders with certain religious beliefs.

How Was The Rating Of Amana Capital Performed Compared To Other Brokers?

On the other hand, clients have posted complaints about discrimination based on Citizenship. This type of monopolization is credible evidence directed towards a particular market in which the owner seems to have vast knowledge. Amana capital.com boast of being operational in the market in more than four different countries, namely; the UK, Lebanon, Cyprus, and the United Arab Emirates.

Amana Capital offers some excellent market research and analysis tools. Amana Capital offers copy trading services with ZuluTrade, which is a third-party platform. Amana Capital offers excellent trading conditions, allowing both hedging and scalpingstrategies. MarketsInstrumentsForex64Indices20Stocks and ETFs286Commodities18Cryptocurrency4The markets and the number of offered instruments forex software will depend on the account jurisdiction. Though a few key withdrawal methods are free, the broker charges fees for most of the methods. Amana Capital supports deposits withbank transfers,credit and debit cards, online wallets like Neteller and Skrill, and many other popular regional methods. All our funding and withdrawal requests were completed without any issues.

Amana Capital Review 2021

Again, our Amana Capital review discovered that the payment and withdrawal methods available varied between the specific branches. Most accept the standard methods, credit and debit cards, wire transfers, Skrill, Neteller, and other online payment processors. Within Lebanon, the only available options are cards and wire transfers. Making withdrawals is a sticky subject for this broker, with many online claims of Amana Capital scam stating that the broker doesn’t process withdrawals as quickly as advertised.

• We were happy to see direct phone numbers provided and the text option is not one that is commonly offered elsewhere.
• Overall, Amana Capital offers fewer trading account currencies than most other large international brokers, but it offers accounts denominated in GBP.
• This broker did not score well during our testing process and is not recommended by our experts.
• With one live commission-free account, spreads are wider than the industry average.
• The MetaTrader4 trading platform can be downloaded directly from the Amana Capital website.
• Both platforms allow you to place orders, check accounts, copy trading or rely on automated trading.

Based on their live chat, an Indonesian citizen is restricted to open an UK account under FCA regulation. Amana Capital offers multilingual support available 24/5 via telephone, call https://forexarticles.net/ back, email, and messenger services such as WhatsApp, Facebook Messenger, Twitter, and Telegram. Amana Capital’s customer support is disappointing compared to other similar brokers.

Opening An Account

Let’s find out if the Middle-Eastern broker offers the same as American and European brokers or not. At Amana Capital you are able to trade your live or demo account on the move from your mobile and tablet devices. 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. MT4 is an ultimate solution for online trading and technical analysis.

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.

Professionally, Jennifer has published pieces on over forty financial websites throughout the web. Her passion for all things business flows through the content she provides. In her free time, you’ll find her well, working, because her hobbies and career are one in the same. Amana capital.com boasts of acceptance to more than 15 different funding ways that include Bank via visa Master card eBay Maestro and Skrill. Look at the drill here, the diversity of the modes of deposit only increase the probability of the owner gaining access to different deposits from prospective dealers.

However, the clients of different jurisdictions may apply different payment methods along with the processing deposit of withdrawal fees if applicable. Amana fees are defined by the account type you would use, which is also tailored to the instrument or asset you will trade. The commission-free Amana Classic Account has a minimum deposit requirement of 50 USD. 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.

This group of financial services presents itself as Amana financial services in the UK, Amana capital in Lebanon, Amana capital in Cyprus, and Souqelmal.com in the United Arab Emirates. The UK based forex broker managed to decrease administrative costs by more than 13%.

Deposit Options

Since its establishment in 2010, Amana Capital has been regulated by the FCA, CySEC, DFSA, CMA, LFSA, and FSC. Both FCA and CySEC are financial regulators with extremely good reputations, so this broker can be expected to hold up to their tight operating standards. Amana is located in Kenya and offers four different account types, two of which are meant for high-volume and high-net worth traders. From a quick glance, we noticed high leverage options, several asset offerings, and several deposit methods. Stay with us to find out if this broker is worthy of your consideration.