Amana Capital Review & Rating CFD Reviews

I think this is a vital tool that I will always try to check before I take any trading decision. If you want more convenient access, there is a calendar built-in the MT5 platform which can save you from needing to switch between windows all of the time. The built-in charting system comes with 21 timeframes with 80 analytical objects and advanced technical indicators. It has four different execution types which are Market, Instant, Request and Exchange execution. The MT5 performance is fast as it’s built on 64-bit, multi-threaded platform which facilitates your trading activity.

  • However, I do see how ZuluTrade could appeal to those who may not have the time or knowledge to trade manually.
  • If you want to trade in US shares, you can opt for the Shares or the ZuluTrade account.
  • However, her interest in forex trading and her love for writing led her to switch careers, and she now has over eight years experience in research and content development.
  • The minimum deposit is $10, and deposits via wire will incur a $6 processing fee.

Online traders can use a good amount of scripts, EAs, indicators from the Meta Quotes, and other online sources. A MetaEditor is also included, which enables you to customize the tools and functionality of the platform. We have over nine years of experience and have thoroughly examined this platform and its abilities. We will be delving into the many aspects that make it one of the leading online brokers in the business.

Customer Support

For this Amana Capital review, we have opened a standard account with the broker and deposited over €5,000. Contact us to schedule a free consultation if you are a trader looking for a secure and effective trading environment. The majority of reviews concentrate on withdrawal issues, however, some of them appear to be false because they cite the same business. We explore the broker in-depth in our thorough Amana Capital review so that you have all the knowledge you need to make an informed choice. The procedure of opening an account is basic, and accounts are often available shortly after completion of the process. Individual, joint, and corporate accounts are all available with Amana Capital.

  • In addition, traders can access live webinars and seminars to learn from market experts and improve their skills.
  • We were pleased to find numerous deposit methods supported by Amana, including bank payments, Faster Bank Transfers, credit and debit cards and several e-wallets.
  • Finally, we were glad to see Amana offers a halal Islamic account that will accommodate Muslim traders by replacing the interest charged in overnight swap fees with a competitive flat fee.
  • More experienced traders, on the other hand, might benefit from greater minimum deposits by accessing lower spreads in exchange for a little commission each lot traded.

Other trading fees to be aware of include overnight swaps, which are charged when investors hold positions past the end of the trading day. The exact amount that Amana charges depends on the asset you are trading and whether you are going long or short. Amana Capital’s customer support is disappointing compared to other similar brokers. Apart from a basic Economic Calendar, there is no real market analysis to speak of.

The trading costs are affordable and competitive, and the education and research provided are of high quality. I like that Amana offers support through a range of methods and can be contacted 24/5. However, our experts found that the contacts on the live chat were slow to respond and so, if you need immediate support, you should speak to the team over the phone. Amana Capital has enlisted RiskPulse to help traders analyse their performance, and we were impressed by this free feature. RiskPulse gives Amana Capital clients access to charts showing gains and losses, trading history and an overall report of your performance. Forex traders, in particular, will be pleased with the selection of currency pairs.

Very fast execution of orders at Amana…

Amana Capital has seen great success and growth since their establishment in 2010 when they were only one entity known as Amana Capital SAL-Lebanon. Not only does Amana Capital have numerous entities, but the brokerage is licensed and regulated by numerous regulatory authorities as well. Amana Capital is regulated by the Financial Conduct Authority (FCA), the Dubai Financial Services Authority (DFSA), the Banque Du Liban (BDL), and the Cyprus Securities and Exchange Commission (CySEC). It’s clear that Amana Capital is a competent and trusted online trading brokerage, but are they the right choice for you? Find out in the following review where we’ll delve deep into the aspects that make up this online trading brokerage and see what sets Amana Capital apart from the competition.

Trading Instruments

Aside from that, the MetaTrader platforms are supported by a large number of plugins and tools. There is just one commission-free account available at Amana Capital, and trading charges are integrated into its variable spreads. That is, depending on trade volume and market volatility, the spread will fluctuate and may get wider or tighter in some instances. Overall, Amana Capital’s trading fees are higher than the industry average, coming in at 14 USD per lot traded on average. The trading expenses for the EUR/USD at other reputable brokers are typically approximately 9 USD for each lot of currency exchanged.

Fees and commission

Forex trading, also called currency or FX trading, involves the currency exchange market where individuals, companies, and financial institutions exchange currencies for one another at floating rates. The MT5 platform is available for trading on different devices for Web use, PC, Mobile devices, and Tablets. Equally, the MT4 platform is offered to those who prefer to stay there, along with a range of versions and MultiTerminal features. Such a bonus is but a way to compensate traders for choosing a certain broker since once the account is opened, the trader will have the same expenses as any other. The facility that enables a trader to get a much larger exposure to the market than the amount he or she deposited to open a trade, is called leverage.

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. We were pleasantly surprised by Amana Capital’s approach to beginner traders, with a helpful and well-structured education section and excellent customer service for clients all worldwide. 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.

Investors can log in to their Plus500 trading account, type in their credit card information and the funds required will be
posted in a number of business days. Investors can also transfer funds into their Plus500 trading accounts from an existing
bank account or send the funds through a wire transfer or online check. Whether you are an experienced trader or just starting to explore financial markets, the MetaTrader 4 platform is accommodating enough to adapt to your level and trading strategy. The forex trading software provided by a broker company to its clients is called the platform and is used to carry out their trades. Execution-only brokers, which is a broker that does not involve in any personal investment advice and gives traders complete control over how they trade the markets, tend to have lower commissions. The Amana Capital group works with prominent banks and facilitates fast transactions with withdrawals and deposits.

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. Today, it has a global position and plans on growing its outreach in the European and Asian markets. According amana capital review to recent research, Amana Capital is an Arabic forex broker company that is based in Dubai. We recommend Amana Capital to forex traders who run EA and follow strategies like scalping and hedging. Overall, our experience with the Amana Capital withdrawal process was positive, except for the fees.

How Withdraw Money from Amana Capital Step by Step:

The Fast Bank Transfer service reduces this fee to €2, but it does not save that much time as deposits still take at least two business days. The Classic account is suitable for less experienced and low-frequency traders, with a low entry requirement of a $50 deposit. Amana’s Classic traders are free to trade without restrictions and can use both the MT4 and MT5 platforms, but we were disappointed at the breadth of the bid-ask spreads, which start at 1.4 pips. This will make it more difficult to turn a profit with Amana than with popular brands such as CMC Markets, whose spreads start at 0.7 pips.

Because there is no minimum deposit requirement, traders are able to select an account that fits their trading style and financial constraints. This strategy encourages diversity and guarantees that traders of all experience levels can make use of the opportunities and services provided by Amana Capital. Overall, though, we found the trading experience to be better for experienced investors rather than beginners.


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