Amana Capital Review

Alyaziah Hayat | March 31, 2022

Amana Capital is multi-regulated Forex and CFD broker that offers over 360 assets for trading on the sophisticated MT4 and MT5 trading platforms. Investors are offered social trading via ZuluTrade and also MAM accounts. The brand also offers other trading tools such as VPS, trading signals, market news and analysis.

Broker Pros / Cons
  • Multiple regulations
  • MT4 & MT5 platforms
  • Social trading powered by ZuluTrade
  • Trading signals from Autochartist
  • MAM accounts for money managers & investors
  • No USA clients
  • Training eBooks, webinars & other knowledge resources mainly in Arabic
  • Market Maker
  • Restricted leverage for EU clients
  • No cryptocurrency trading
  • Best trading conditions require larger investment

Summary

Amana Capital is a brokerage company founded with the vision to become a premium industry leader in innovative financial services and technological solutions. The company offers Forex and CFDs for trading online. The broker began operations in Beirut in 2010 but has expanded to several countries. Today, the headquarters is in Dubai while it has subsidiaries in the UK, Cyprus, Mauritius and Malaysia. Amana Capital is part of 180 Capital; a financial investment, risk management and technological holding company.

Amana Capital Broker Features

Amana Capital Broker Features

The broker offers over 360 assets for trading on the MetaTrader platforms; MT4 and MT5. Multiple payment options are available and a responsive client support team is always ready to assist. The trading costs are very competitive with spreads as low as 0.1 pips.

Regulation

Amana Financial Services UK Ltd is authorized and regulated in the UK by the Financial Conduct Authority (FCA). The license number is 605070.

Amana Financial Services (Dubai) Limited is registered in the United Arab Emirates (UAE). It is regulated by the Dubai Financial Services Authority (DFSA). The license number is F003269.

Amana Capital Ltd is registered as a Cyprus Investment Firm. It is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC). The license number is 155/11.

Amana Capital SAL is registered and Lebanon and authorized by the Lebanese Capital Markets Authority (CMA) as a Financial Intermediary Institution. The license number is 26.

AFS Global is authorized and regulated by the Labuan Financial Services Authority (LFSA) in Malaysia. The license number is MB/18/0025.

ACG International is authorized and regulated by the Financial Services Commission (FSC) of Mauritius. The license number is C118023192.

All clients funds are kept in segregated bank accounts which should not be used by Amana Capital for its own operations. This is a regulatory requirement and it is strictly monitored by both internal and external auditors. This helps to ensure that clients’ funds are safe. Amana Capital has a negative balance protection policy for eligble clients.

The broker’s UK clients are protected by the Financial Services Compensation Scheme (FSCS). This scheme protects eligible UK investors in the event of broker bankruptcy. If that happens, then the FSCS can pay compensations to eligible clients of up to £85,000 each.

The EU clients are protected by the Investor Compensation Fund (ICF) which ensures that if the broker fails, eligible clients can be refunded or compensated. The payment is capped at €20,000.

Amana Capital is also offering its LFSA and FSC clients an insurance plan covering up to $1,000,000 at no expense to eligible clients.

Amana Capital does not accept clients from USA.

Platforms

MetaTrader 4 (MT4)

The MT4 trading platform has become one of the market standards for forex traders and brokers around the world. It is a user-friendly platform which makes it an option for beginners, yet it has enough capabilities that make it a viable option for professional traders. MT4 is replete with tools for efficient trading and detailed markets analysis. It also supports automated trading through the use of expert advisors (EAs). There is a built-in strategy tester that can run EAs over historical data – although this feature does have significant limitations.

One of the most useful features is the platforms flexibility. The MT4 functions and tools can be increased with the installation of plugin apps developed in the Meta Quotes Language. Users can get thousands of scripts, indicators and EAs from the MQL community and other sources online. There is a built-in MetaEditor where you can create your very own customised tools.

Amana Capital provides the following versions of the MT4 platform:

  • WebTrader: This version is accessible from the broker’s website. No need to download or install any software a it runs directly in most modern browsers.
  • Desktop: The MT4 desktop platform is the flagship version that can be downloaded and installed on a Windows or MAC computer. Expert advisors (EAs) can only be created, back tested and installed on this version. Generally, plug in apps are installed on this version.
  • Mobile: This is designed for trading on the move. It is available for Android and iOS devices and can be downloaded for free from the respective app stores.
  • Multiterminal: 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 MT4 Trading Platform

Amana Capital MT4 Trading Platform

MetaTrader 5 (MT5)

The MT5 platform was developed to succeed MT4. It has a similar interface and feel to it, with increased features and functionality. Plugin apps and EAs developed for the MT4 will not run on the MT5 and vice versa. MT5 is more complex, powerful and richer than MT4. The Amana Capital MT5 is available as windows desktop application and mobile apps for android and iOS devices.

Here are the some of the key features of the MetaTrader platforms:

  • The ‘Market watch’ and charts display the assets bid/ask quotes in real time.
  • One- click trading is supported.
  • Multiple orders including market orders and pending orders. MT5 has 6 pending orders while MT4 has 4.
  • 3 chart styles; Bar, line and candlesticks on different timeframes; 9 on MT4 and 21 on MT5.
  • ‘Auto trading’ feature used to activate EAs which automates strategies.
  • Access to buy or rent plugin apps from the embedded MQL5 market.
  • The economic calendar tab is only found on the MT5.
  • Drawing tools for chart analysis. 24 in the MT4 and 44 in the MT5.
  • Price alert notifications can be set via email, SMS and platform pop-ups.
Amana Capital MT5 Trading Platform

Amana Capital MT5 Trading Platform

Amana Capital Mobile Trading App

This is the proprietary mobile app from Amana Capital. It is available on iOS and Android devices and can be downloaded from the respective app stores. It can used for keeping track of your accounts and trading activities on the go.

Here are some of its features:

  • Account management; new accounts can be created, funded and monitored from the app.
  • Trading signals can be viewed.
  • The economic calendar is available on the app
  • Market news can be read from the app.
  • Directly contact the support team from the app.
Amana Capital Mobile Trading App

Amana Capital Mobile Trading App

Tools

RiskPulse

This is an intelligent tool used to analyze the trading data of a client. It is freely available to all Amana Capital clients. RiskPulse has a smart dashboard that shows the trading performance, calculated predictions and ideas to improve the client’s performance.

Social Trading with ZuluTrade

ZuluTrade is one of the leading social trading platforms in the world today. Amana Capital has partnered with ZuluTrade to bring the social trading platform of ZuluTrade to its clients. After registration, an interested client can request for ZuluTrade account by filling the form on the ZuluTrade page of the Amana Capital website. ZuluTrade has a vast network of traders who are signal providers. Investors can choose to follow any provider and automatically replicate his trades in his own account. The signal providers earn a commission from any profits made by their followers. You can see our detailed ZuluTrade Review for more information.

It must be strongly emphasised that there is by no means any guarantee on how these signals will perform and historical results are no indication of future results. You should understand all of the significant risks involved with trading online.

Amana Capital Social Trading by ZuluTrade

Amana Capital Social Trading by ZuluTrade

Multi-Account Manager (MAM) Account

This is an account designed for asset managers who trade on behalf of other traders and only earn commissions from any profits that they may generate. Amana Capital provides the MAM software and the master account from which the manager allocates trades and trade several accounts simultaneously from the master account. Again, there are no guarantees on how these MAM accounts will perform.

Financial Calculators

Amana Capital provides several calculators to assist traders with the full figures involved before making a trade. The calculators available are: Margin, Pip value, Lot size, Profit and Loss, Fibonacci, Pivot Points and Currencies.

Trading Signals

Amana Capital clients are given access to trading signals from Autochartist; a software tool that scans the charts in real time and notifies the traders with opportunities and signals. Autochartist also presents daily updates on important market events as well as the economic calendar

Trade Captain

www.tradecaptain.com is a website that provides educational resources, market news and analysis. It is owned by Amana Capital Group. The website has trading tools like traders’ trends and daily analysis. Training eBooks are available but they are written in Arabic.

Virtual Private Server (VPS)

VPS enables traders to host their trading systems on a virtual server thus reducing latency and ensuring reliable connections even if their trading platforms are not running on their own machines. A VPS is often used by traders who need to run automated trading systems around the clock. The VPS is free for traders with the ‘active traders’ account.

Economic Calendar

This is a calendar of economic events in various countries that can have an impact on the various forex markets. Traders sometimes speculate and forecast the impact of these events before they happen and also keep the records after they happen. These historical records are kept for future analysis.

Amana Capital Economic Calendar

Amana Capital Economic Calendar

Education

Seminars & Webinars

Workshops are frequently scheduled in some cities like Cairo, Muscat, Abu Dhabi, etc. The seminars normally last 3 hours and are taught in Arabic or any other prevalent language in the area. Webinars are also scheduled on the website for clients of various experience levels.

Trading Articles

There are 9 articles on forex trading provided on the brokers website. The main focus is on beginner traders as the articles start with an introduction to the forex markets, trading and how it works. The articles are rounded off with charting and analysis. Also, there are 4 articles on CFD trading targeted at new traders. The topics covered are: an introduction to CFDs, the risks of trading, CFD instruments and calculating profit and loss.

Markets

Amana Capital offers over 285 stock CFDs, 7 agricultural commodities, 3 Energy futures, 2 spot energies, 2 future metal and 2 spot metals, 7 future indices, 7 cash indices and 54 currency pairs.

Accounts

Amana Capital has the following account types for trading online:

Amana Classic Account

The minimum deposit is $50 while the spreads start from 1.4 pips. The maximum leverage is up to 1:500. There are no commissions on forex and cash CFDs but there are commissions as follows: $10 per lot on Future CFDs, $0.02 per share CFDs with a minimum of $15 per transaction. Market execution is the order processing method used.

Shares Account

This account is exclusively for trading over 280 share CFDs on the MT5 trading platform. The account currencies available are the USD and EUR. Commissions of $0.02 per share with a minimum of $15 are charged for every transaction. The stop out is 20% and orders are instantly executed.

Amana Active Account

This account is specially designed for high-volume traders who trade frequently. The minimum deposit required in $25,000 and account holders are expected to trade at least $100 million worth of trades every month. Account holders get discounts on trading costs, customized EAs and indicators, trading signals, VPS and personal relationship manager.

TradeLoss Recovery Account

This account is designed to for traders who wish to get compensations for their trading losses. It uses the Non-Zero blockchain (NZO) technology to set up the traders to trade against themselves. All principal losses are shared in percentages and repaid back to the losing clients as NZO tokens which can be exchanged for funds and deposited back into the trading account. The minimum deposit is $50 while the maximum deposit is $3,000. The maximum leverage is 1:500 and the spreads start from 1.4 pips. The account is denominated in USD. There are no commissions on forex and cash CFDs but $10 per lot commission is charged on future CFDs.

Amana Elite

This account is designed for VIP clients who trade frequently and has a minimum of $250,000 trading capital. Account holders benefit from very low spreads, reduced charges, personal account manager and personal coaching from Amana Capital experts.

Support

The award winning Amana Capital customer support desk is always available 24/5. To receive a call from a support representative, fill the ‘Request Call Back’ form on the website. Website visitors can also fill the form titled ‘We got your message’ and a support representative will reply be email. To chat with the support team, there are 6 platforms to choose from; WhatsApp, Live web chat, Telegram, We Chat and Facebook messenger. Up to 5 customer support phone lines are listed. The team can also be reached by email and the following social media channels: Facebook, Twitter, Instagram, LinkedIn and YouTube.

Funding

  • Bank wire transfer: The deposit fee is £6 but there are no withdrawal fees. It takes 3-5 working days to process bank transfers. The minimum deposit is $10.
  • Credit/Debit cards: The cards accepted are Visa, MasterCard, Maestro and UnionPay. Card deposits are processed instantly and 1.5% fees are charged. Card withdrawals charges are covered by Amana Capital.
  • Amana prepaid card: This is a special card issued by Amana Capital on request. The card can be linked to the client’s trading account and used for deposits and withdrawals. Clients can also use this card to withdraw profits from ATM or shop online. It is denominated in USD and expires after one year. The card is issued free of charge but $3 is charged anytime money is loaded into it and 1.5% cash withdrawal fees apply. The minimum load amount is $50 while a maximum of $2000 can be withdrawn from the ATM every day.
  • Online payments: The options accepted are Neteller, Skrill, ePay, Perfect Money, Payeer, advcash, WebMoney, QIWI, Moneta and FasaPay. The minimum deposit is $10 and the deposit fees range from 2.5% to 6.5% depending on the payment gateway used. Withdrawals are charged from 0-4.9%.
Amana Capital Payment Options

Amana Capital Payment Options

Signup

To open an Amana Capital live trading account, visit the website and click on ‘Start trading’ to open the account registration form.

Amana Capital Account Registration Form

Amana Capital Account Registration Form

Select the account type, input your name, email, country, phone number and click on ‘Register’ once you have read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them. Then a 6-page form is displayed. Choose the account details, employment details, trading experience, financial worth, acknowledgments and upload the requried documentation. If all inputted data is correct, the account will be opened. From then on you can deposit and trade online with Amana Capital when you feel ready to do so.

FAQ

What is the Amana Capital minimum deposit?

The minimum deposit required to start trading with Amana Capital is $50.

How do I deposit money into Amana Capital?

You can fund your Amana Capital account through the following payment methods: Wire Transfer, Credit/Debit Card, Neteller, Skrill, Amana prepaid card, ePay, Perfect Money, Payeer, Advcash, WebMoney, QIWI, Moneta, FasaPay, and more.

What are Amana Capital deposit fees?

The deposit fees for electronic payments range from 2.5% to 6.5%, depending on the payment gateway. Card payments also come with a deposit fee of 1.5%.

How do I withdraw money from Amana Capital?

You can withdraw money from your Amana Capital account using bank transfer, electronic payment gateways, and credit/debit cards.

What are the Amana Capital withdrawal fees?

At Amana Capital, the withdrawal fees range from 0.5% to 45, depending on the payment method.

What is the Amana Capital commission fee?

Amana Capital charges low commission fees, ranging from $0.02 - $20.

Are there any Amana Capital inactivity fees?

Amana Capital does not charge any inactivity fees. This means that the broker does not charge clients any fees for leaving their accounts dormant for a long time.

What are the Amana Capital account types?

Amana Capital offers the following live trading account options: Amana Classic Account, Shares Account, Amana Active Account, TradeLoss Recovery Account, and Amana Elite—Standard, Plus, and Premier accounts.

Is there an Amana Capital demo account?

Yes, Amana Capital offers a demo account that comes preloaded with $10,000 for practice purposes. The demo account option is designed to help new clients get acquainted with the broker’s platform before funding their live trading accounts with real money.

What are the Amana Capital spreads?

Amana Capital offers fixed and variable spreads, starting from 1.3 pips on the major forex pairs.

What is Amana Capital’s leverage?

Amana Capital has the leverage of up to 1:5000 available for clients who qualify.

Does Amana Capital allow hedging, scalping, news trading & automated trading?

Yes, Amana Capital do not impose any specific restrictions on trading styles. Therefore, all trading strategies and styles are welcome, including automated trading, hedging, and news trading.

Is there an Amana Capital Islamic account?

Yes, Amana Capital offers an Islamic account; it caters explicitly to Muslim traders who follow the strict rules of Sharia law and are unable to pay swaps.

What are Amana Capital’s trading instruments?

Amana Capital clients can trade and invest in forex, indices, metals, energy, commodities, stocks, and CFDs.

How do I open an Amana Capital live account?

You can open an Amana Capital account by clicking on the ‘Start trading’ button on the homepage of the broker’s website to start. Upon clicking the button, you will be redirected to a registration page where you will input your email and password.

How do I verify my Amana Capital account?

You can verify your Amana Capital account by providing proof of identification and up-to-date proof of address, no more than six months old.

What is the Amana Capital trading platform?

Amana Capital provides clients with the MT4 and MT5 trading platforms. These are advanced trading platforms that are available in desktop, web, and mobile versions.

Where can I download the Amana Capital platform?

You can download the Amana Capital trading platforms directly from the broker’s website or the relevant iOS and Android app stores.

Where is Amana Capital located?

Amana Capital is located in the United Arab Emirates (UAE).

Is Amana Capital regulated?

Yes, Amana Capital is authorized and regulated by multiple top regulatory authorities, including the FCA, DFSA, CySEC, CMA, LFSA, and FSC.

What countries does Amana Capital not accept?

Amana Capital services are not available for countries where the offer of such products is prohibited or restricted by laws.

Is Amana Capital a scam?

No, Amana Capital is not a scam. Various strict regulatory authorities license the broker in the industry.

How can I contact Amana Capital support?

To chat with the support team, you can choose any of the following platforms: WhatsApp, Live web chat, Telegram, We Chat, and Facebook messenger.

Compare

Compare Broker (vs Our Top 3 Brokers)
Broker FeaturesAvaTradeIGIC Markets
Founded200619742007
RegulatedASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSAFCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFFASIC, CySEC, FSA, SCB
CountryAustralia, Ireland, South Africa, Japan, British Virgin IslandsAustralia, UK, USA, Switzerland, UAE, Singapore, JapanAustralia, Seychelles, Bahamas, Cyprus
Min. DepositMin $250 DepositMin $100 DepositMin $200 Deposit
CommissionFrom $0From $0From $0
SpreadsFixedVariableVariable
Leverage1:4001:2001:500
InstrumentsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFsForex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs
PlatformsMetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, MobileMetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, MobileMetaTrader 4, MetaTrader 5, cTrader, Web, Mobile
TypeMarket Maker, STPSTP, ECN, DMAECN
FundingWire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, SkrillWire Transfer, Credit/Debit Cards, PayPalWire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli
Visit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit Broker

Conclusion

Regulated in 6 jurisdictions, Amana Capital is a strong player in the brokerage industry with cutting edge trading platforms, competitive spreads and modern technologies implemented.

Amana Capital offers over 360 assets to its global clientele for trading on the MT4 and MT5 trading platforms. All trading strategies are allowed including the use of EAs which automated the trading process. Multiple account types are available based on investment size and trading requirements.

The ZuluTrade social trading service is a solution for investors to choose from thousands of other traders in order to replicate their trades. MAM accounts can also be useful to some investors. The award winning Autochartist is a powerful tool that can assist with in-depth market analysis.

Despite these positives, the trader education provided on the website is not very comprehensive whilst a majority of the materials are not available in English. The trading brokers review team did not find the spreads and commission fees to be the lowest when compared to some of our best online brokerages.

Amana Capital Review

Min $50 Deposit

Amana Capital is a multi-regulated Forex & CFD broker with over 360 assets for trading on the MT4 & MT5 platforms. They offer investors social trading via ZuluTrade & MAM accounts along with other tools such as a VPS, trading signals, market news & analysis.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

About the Author

Alyaziah Hayat
I had previously been forex trading for about 2 years and I now mainly focus on writing forex-related content. I also deal with cryptocurrencies and other financial assets in this industry. I've dealt with several brokers, assets, EA robots, and everything that this industry has to offer.

Review Methodology

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.

Share

If you like our reviews and find them useful, please feel free to share them on your socials as this can help us to continuously improve the website and for traders to find a suitable broker.

Leave a Reply