Amana Capital Review 2023 Pros and Cons Disclosed

The Financial calculator is used to determine the margin requirements to open and/or hold open positions according to your trading account size. Amana Financial Services (Dubai) Limited is authorized and regulated by the Dubai Financial Services Authority – DFSA (License number F003269). The DFSA is the financial regulatory agency of the special economic zone, the Dubai International Financial Centre (DIFC). 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.

The Amana Capital MT5 is available as windows desktop application and mobile apps for android and iOS devices. This is the MT4 version for multiple account managers who trade on behalf of other traders. It has all the necessary tools to trade and manage multiple accounts from a single master account. Amana Capital does not accept clients from some countries including the USA. If you discover they cannot accept clients from your country for any reason, then please feel free to browse our broker reviews to find an alternative option.

  • Before you can trade any of the markets, you need to deposit at least $50 into a Classic account.
  • When it comes to safety and professionalism, Amana Capital adheres to all stringent rules and standards demanded via multi-country regulations.
  • The minimum deposit is $10, and deposits via wire will incur a $6 processing fee.
  • The broker provides you with several ways to keep connected to your trading account.
  • 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.

Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Then another page will pop up, which requires more specific info like employment details, trading experience, financial worth, etc.

Trading Hours

The majority of their offerings can be traded without paying a commission. You can test it out using the company’s demo account, which is available online. There is no minimum deposit requirement and amana capital broker the company offers great customer support available through various platforms. Amana Capital is one of the leading online trading specialists connecting international traders to global markets.

  • You can sign up for an individual, joint, or corporate account by filling in the short online form.
  • Amana Capital is a brokerage company founded with the vision to become a premium industry leader in innovative financial services and technological solutions.
  • Amana Capital does not charge account or inactivity fees, however, it charges relatively high deposit and withdrawal fees.
  • This is followed by personal and employment details, information regarding new client experience with trading, and finally legal and financial details.
  • Addresses for respective offices can be found on the broker’s website.

Multiple account types are available based on investment size and trading requirements, with a good choice of payment options supported. We review all brokers to a strict and unique methodology, to ensure that we only promote high quality brands that you can trust. This methodology considers over 200 criteria points, covering the categories of safety, fees, platforms, products, payments and customer support.

Is Amana Capital Broker Safe?

As part of its multilingual assistance, Amana Capital is available around the clock by telephone, callback service, email and messaging apps like as WhatsApp, Facebook Messenger and Twitter. In line with Islamic law, Amana Capital provides a Swap-Free account and operates in compliance with Sharia regulations, which means that interest is not charged on deals that are kept overnight. All funds are also protected via Lloyd’s of London, one of the world’s largest suppliers of specialized insurance, with coverage up to one million Euros, GBPs, or Australian dollars. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. Amana Capital has several office address locations arounds the world, including London, Dubai, Cyprus, and Beirut.

Amana Capital Demo Account

If you have experience trading with Amana Capital please share your personal review of the broker and what you think are strong and weak points. There’s also an overnight rollover fee (swap charge), which is interest on trades that are kept open overnight. There’s also gold and silver on spot and futures contracts, energies including crude oil, and soft commodity futures such as coffee and wheat. You can also choose from over 280 US company shares, such as Facebook, Apple, and McDonald’s. Windows users can download the platforms directly from the broker’s website, once an account has been activated.

Amana Capital Review: Traders Sharing Experiences

There is also fund protection up to £85,000, as part of the Financial Services Compensation Scheme in the UK and Cyprus. 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. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments.

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). 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.

Amana Capital Broker Review

I could not still believe it until today, I converted the bitcoin into cash. It’s amazing, now my trading story has changed through one single investment with him. Our experience with customer support was again excellent as the responses were fast, clear, and detailed. Amana Capital offers excellent trading conditions, allowing both hedging and scalping strategies. Amana Capital also offers swap-free Islamic accounts, joint accounts, and corporate accounts. We traded the popular instrument in each market to get the real spreads and placed a total of 12 trades.

Opinions, market data, and recommendations are subject to change at any time. Amana Capital Group owns Trade Captain, which has a website in The site offers crucial tools for the trade like daily market analysis and updates, educational articles, and trends. There are eBooks for training in the Arabic language also found on the website. 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.

Her interest in crypto trading led to a wider fascination with Forex technical analysis and price movement. She continues to develop her skills and knowledge in Forex trading and keeps a close eye on which Forex brokers offer the best trading environments for new traders. 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.


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