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Amana Capital review and ratings

Established 2010
Location UK Cyprus UAE Malaysia Mauritius
Regulation FCA, CySEC, DFSA, LFSA, FSC, CMA
Offices London, Limassol, Dubai, Labuan, Ebene, Beirut
Broker type STP
Leverage up to 1:500 (1:30 for EU clients)
Deposit from 50 USD
Spreads mid  mid
Platforms Web MetaTrader 4 MetaTrader 5
Instruments Currencies Indices Metals Energies Softs Stocks
Funding methods Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay WebMoney Perfect Money Qiwi AdvCash Epay Moneta Ru Payeer

Company information

Amana Capital group includes 6 related companies.

Amana Capital UK - located in the United Kindom, regulated by the Financial Conduct Authority (FCA).
Amana Capital CY - located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).
Amana Capital UAE - located in the United Arab Emirates, regulated by the Dubai Financial Services Authority (DFSA).
Amana Capital MY - located in Malaysia, regulated by the Labuan Financial Services Authority (LFSA).
Amana Capital MU - located in Mauritius, regulated by the Financial Services Commission (FSC).
Amana Capital LB - located in Lebanon, regulated by the Lebanese Capital Markets Authority (CMA).

Be aware, UK and CY companies have some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.

Availability

Amana Capital group accepts clients from all over the world, excluding USA and some FATF sanctioned countries.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

50+ Currency Pairs Based on major and minor world currencies.
7 Indice Cash CFDs Based on baskets of different blue-chip stocks.
6 Indice Futures Based on baskets of different blue-chip stocks.
2 Metal Spot CFDs Based on Gold and Silver.
2 Metal Futures Based on Gold and Silver.
2 Energy Spot CFDs Based on Crude Oil (WTI, Brent).
3 Energy Futures Based on Crude Oil (WTI, Brent) and Natural Gas.
6 Soft Futures Based on Coffee, Cotton, Corn, Soybean, Sugar, Wheat.
250+ Stock CFDs Based on shares of US companies.

Comprehensive review

Amana Capital is a large CFD & forex broker that operates out of several offices around the world. The company is represented in both Asia, Europe, and the Middle East, and is also overseen by government regulators in all of the countries where it has a physical presence. This also means that EU-regulations will apply to all traders that are based in the EU/EEA area, enforced by either the Cyprus Securities and Exchange Commission (CySEC) or the UK’s Financial Conduct Authority (FCA)

As a result of being regulated in the EU, EU-based clients will be allowed a maximum leverage of 1:30 when they trade with Amana Capital. For others, however, the broker offers quite high leverage of up to 1:500 for the most liquid trading assets.

Amana Capital offers an unusually large range of assets for trading, including more than 50 of the most popular forex pairs, major global stock indices, precious metals, a range of commodities, and stock CFDs of nearly 300 American companies. Despite this good selection of traditional financial assets, however, the broker does not offer any cryptocurrency CFDs at the time of this review.

All assets can be accessed from either the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platform, which are the only two trading platforms the broker offers. As two of the most popular retail trading platforms in the world, however, we believe this should satisfy the needs of most traders. As usual, both platforms are available in dedicated versions for desktop, web, tablet, and mobile devices.

Spreads on the trading instruments that are available from Amana Capital are generally quite low, depending on the type of trading account chosen. Among these, the account type called “Amana Elite” is the most preferred option, although it requires a minimum deposit of a whopping USD 250,000. The second-best option, “Amana Active” may also be hard to reach for most traders, with a minimum deposit requirement of USD 25,000 and a minimum monthly trading volume of USD 100 million.

Given that the two aforementioned account types are probably beyond the reach of the majority of independent traders, we believe most traders who sign up with Amana Capital will end up with the “Amana Classic” account. This is still a pretty good type of trading account, which offers spreads starting from 1.4 pips and no commissions on forex and spot CFDs (not futures).

All types of trading accounts can be funded through a large variety of payment methods, including the standard methods like Visa, MasterCard, and bank wire transfer. In addition, the broker also accepts many common e-wallets such as Neteller, Skrill, FasaPay, WebMoney, Qiwi, Payeer, and others.

Amana Capital’s customer service is available 24 hours a day on trading days via email, live chat, and local phone numbers in the UK, UAE, Cyprus, Lebanon, and Malaysia. In addition, existing clients can also call the broker’s trading desks in the UK, Cyprus, or Lebanon with questions directly related to trades and order placement.

For non-urgent matters, the broker’s customer support team is also available via the popular messaging apps WhatsApp, Facebook Messenger, Telegram, and WeChat.

All in all, we are of the impression that Amana Capital is a serious and reliable forex broker to deal with. The broker has a large physical presence around the world, and is also heavily regulated by various financial regulatory agencies, which is normally a good sign for any broker.

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