All orders are performed with Market execution and varying according to the trading size and choice of platform. The Amana Capital group works with prominent banks and facilitates fast transactions with withdrawals and deposits. Clients in different jurisdictions may apply different payment methods along with the processing deposit of withdrawal fees where applicable. Forex broker services are also provided for institutional clients and large companies such as investment banks. Retail currency traders in turn use these brokers to gain access to the 24-hour currency market for speculation purposes.
- This platform allows you to place orders, check accounts, copy trading or rely on automated trading.
- Clients at Amana are offered competitive and floating spreads for certain account types and trading instruments, with an average spread of 0.6 pips available for the popular EUR/USD.
- Customers are also provided a 24 hours live support channel for five days a week through online live chat, email, and a web contact form.
- Amana Capital supports deposits with bank transfers, credit and debit cards, online wallets like Neteller and Skrill, and many other popular regional methods.
Amana Capital Non Trading Fees
Traders have the option to open a demo or live account on any of the accounts. Amana allows you to stay on track with your trades and quickly place orders anywhere, anytime, by accessing your real or demo account through your mobile or tablet. This tool is free for “active trader” accounts and is very useful for advanced traders that have to operate around-the-clock trading systems on a virtual server. It will decrease latency and guaranteeing dependable connections even when their platforms are not functioning on their machines. They constantly upgrade and enhance their services and watch out for fluctuating market trends in support of their strategies for development and technology.
It offers mobile versions of MT4 and MT5, but no proprietary mobile trading solutions. The commission-free Amana Classic Account has a minimum deposit requirement of 50 USD. Spreads start at 1.40 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.
Amana Capital have average customer support offering support through support options. Some of the Amana Capital trading guides and information that we found useful included algorithmic trading courses, live webinars, daily market analysis, tutorials. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result.
Amana Capital Fees When Withdrawing Your Account Balance
There are English language seminars on technical analysis and other topics taking place in various locations throughout the month and the time and place are posted on the website. The webinars are divided into basic, intermediate and advanced levels and are all in Arabic. These resources are designed to enhance traders’ skills and confidence in navigating the markets.
- When registering with Amana Capital you must check with regulatory body your Amana Capital trading account falls under.
- With a desire to trade internationally, especially in Europe, the broker secured a CySEC and MiFD license.
- If you want to trade in US shares, you can opt for the Shares or the ZuluTrade account.
- Of particular note are the deposit fees charged for depositing and withdrawing via Neteller and Skrill.
- Spreads on the trading instruments that are available from Amana Capital are generally quite low, depending on the type of trading account chosen.
Trading utilizing third-party platforms such as MT4 and MT5 has the advantage of allowing traders to carry their own customized version of the platform with them if they decide to switch brokers. Aside from that, the MetaTrader platforms are supported by a large number of plugins and tools. 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.
Additionally, the broker offers a Demo Account for risk-free practice using virtual funds, and Swap-Free Accounts that comply with Sharia law, available upon request across account types. One of Amana’s key strengths is the flexibility of its account types, from low-deposit Classic accounts ideal for beginners to Active and Elite accounts with raw spreads for high-volume and institutional traders. We also explored the trading assets and products Amana Capital offers for beginner traders and investors who prefer not to engage in active trading. 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. Trading and investing in financial instruments comes with a high degree of risk and you can lose money.
Are Funds Safe with Amana-Capital?
This means they operate outside the law, without oversight, putting investors at significant risk. In investments, staying vigilant and assessing projects carefully is crucial. We have identified Amana-Capital as a concerning project and want to warn you about its potential risks (by Amana-Capital reviews).
Amana Capital Accounts and Trading Fees
Amana-Capital (amana-cap.ae) is unregulated, meaning it does not hold a valid license. A lack of regulation increases the risk of unfair trading conditions, withdrawal issues, and potential fraud. An asset manager has direct access to the company’s global network of international banks and financial institutions liquidity without trade size restrictions. Amana Capital’s multi-account management solutions are specifically designed and tailored to meet all business needs.
If you used a credit card to invest, you can try initiating a chargeback through your bank. Additionally, reporting the fraud to financial regulators or working with a lawyer could improve your chances of recovering your money. If Amana-Capital refuses to allow you to withdraw your funds, document all interactions and immediately contact local financial authorities, such as the Financial Conduct Authority (FCA) or equivalent in your jurisdiction. You may also amana capital review want to consult a lawyer specializing in financial fraud or use recovery services.
Portfolio and Investment Opportunities
Deposits are charged with a 1.5% fee while withdrawals are covered by Amana. TradeLoss Recovery Account is for traders where they are helped to compensate their trading losses. It is designed for retail traders who are looking to add an extra layer of protection against trading losses. The company has achieved a strong presence in the Middle East through the years.
Amana Compared to Other Brokers
Our in-depth reviews consider over 200 metrics across seven key categories. The radar chart to the left shows how important each category is when calculating a broker’s final score. 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. 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. The choice of financial assets offered by Amana Capital is wider than other similar brokers.
Amana Capital charges swap fees for positions held overnight, based on the interest rate differential of the traded currencies. For traders seeking Sharia-compliant options, swap-free Islamic accounts are available, though extended holding fees may apply on certain instruments after 10 days. The Amana Classic Account is ideal for beginner and intermediate traders who require an accessible way to start trading. With a low minimum deposit of $50, the account type offers commission-free trading on Forex and most CFDs.
