The Amana Trade platform is a user-friendly web-based platform that allows for easy access to the global markets. Amana Mobile app provides on-the-go trading capabilities for both iOS and Android devices. Amana Capital offers generally competitive trading fees, particularly for experienced traders using its professional accounts. The broker’s pricing structure is transparent, with tight spreads and no hidden markups.
Review
- Your experience with Amana Capital highlights the importance of a wide range of instruments and platform flexibility.
- It is highly effective for more advanced and sophisticated online dealings.
- In addition, traders can access live webinars and seminars to learn from market experts and improve their skills.
- Thus, they can extend the reach of their brand of operations to the farthest regions of the planet that sorely lacks access to their superb technology.
- This type of trading platform has been the prevalent tool in the foreign exchange market throughout the world.
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 0.0 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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Amana Capital provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, PayPal, Skrill, Neteller. This broker has low quality service and unacceptable conditions.It significantly increases spreads even above pips, which is unacceptable. During times of volatility and important news, slippages reach unacceptable levels.
Finally, we withdrew our funds to see if there are any issues with the withdrawal process. Furthermore, Amana Capital participates in an investor protection scheme, and residents of EEA countries such as the UK receive investor protection up to 85,000 EUR. FxScouts is committed to ensuring protection of all personal information that we hold, and to provide and to protect all such data. We recognize our obligations in updating and expanding this program to meet the requirements of GDPR. FxScouts is dedicated to safeguarding the personal information under our control and in maintaining a system that meets our obligations under the new regulations. However, clients must meet the required terms and conditions to be eligible for each of the available modules.
Testing Amana’s Customer Support
Trading accounts can only be denominated in three base currencies – EUR, USD, and GBP, which is limited compared to other brokers. Most other brokers denominated accounts in at least five to ten currencies. All tools are offered free of charge to those with a live account, but the VPS service is exclusively for Amana Active amana capital broker clients. These two industry-leading trading platforms offer a great place not only for executing trades but also for analyzing financial markets and automated trading.
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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. When it comes to choosing a broker, regulation is one of the first things that I look for. I would always prefer to use a regulated broker as they must comply with a strict set of rules and procedures that have been put in place to protect investors. I am therefore pleased to see that Amana Capital is regulated in multiple jurisdictions by what I would personally consider to be some top-tier regulators.
We do not provide investment advice or solicitation of any kind to buy or sell any investment products. Trading carries a high level of risk and may not be suitable for all investors. The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review.
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The account currencies available are the USD and EUR which means you can save on conversion fees if using an account in the same currency that you plan on depositing with. Commissions of $0.02 per share with a minimum of $15 are charged for every transaction. I found the fees to be quite standard and acceptable when compared to competitors such as Freedom24.
- The broker provides access to stock investments and fractional shares alongside leveraged products, enabling longer-term investment strategies.
- While partners may pay to provide offers or be featured, they cannot pay to alter our recommendations, advice, ratings, or any other content.
- Amana Capital operates on a commission-free model for most asset classes, integrating costs directly into spreads on Forex pairs or cash CFDs.
- Features like real-time notifications, customizable watchlists, and easy account management make it practical for trading.
- You can access your account and trade the global markets via the popular MetaTrader platforms.
However, the broker charges high deposit and withdrawal fees on most of the methods. Amana Capital charges deposit and withdrawal fees on most of the methods. UK residents will be trading under the subsidiary, Amana Financial Services UK Ltd, licensed by the Financial Conduct Authority (FCA). Use our comparison tool to compare two brokers based on their trust rating, costs, features, platforms and many other aspects.
The Classic Account also supports swap-free options upon request and charges no inactivity fees, though some transaction and withdrawal fees may apply. Amana provides advanced trading solutions with competitive prices, as well as a secure trading environment for individuals and enterprises at different stages of financial development. Below you can find the main points to consider while choosing Amana as your broker, including Trading Instruments Range, Trading Platforms, Regulations, and more.
You also get access to daily advanced technical studies, calendars, market news, market reports, and analytics tools. To be honest, I think everyone should get access to the same trading conditions and features regardless of their investment size, but that’s just my humble opinion. 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.
Amana Capital offers several additional ways for traders to make extra money. Amana Capital Group is a financial services group specializing in providing brokerage services in currencies, commodities, and stock indices. Explore the best Forex brokers for beginners in the UK with user-friendly platforms, educational resources, and demo accounts. Compare top platforms, fees and features to make an informed trading choice.
