AmanaCapital Review

MIN. DEPOSIT No
Up to 500:1
Not at the moment BONUS
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Overview

Company Information Amana Capital is an online forex trading platform owned by the Amana Capital Group. The company began its business in 2010 in Lebanon. The broker is divided into… more

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Details

BrokerAmanaCapital
Website URLhttp://www.amanacapital.com/
Founded2010
HeadquartersUnited Kingdom
Support Number+44 207 248 6494
Support Emailsupport@amanacapital.com
Support TypesPhone, Live Chat, E-mail, Call Back
LanguagesEnglish, Arabic
Minimum 1st DepositNo
Minimum Trade Amount-
Maximum Trade Amount-
BonusNot at the moment
PayoutUp to 500:1
Free Demo AccountYes
Regulated Yes
RegulationFinancial Conduct Authority (FCA)
Account TypesAmana Pro, Amana Standard
Deposit MethodsVisa, MasterCard, Bank Transfer
Withdrawal MethodsVisa, MasterCard, Bank Transfer
Types of AssetsForex, Commodities, Indices
Account CurrencyUSD
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

Amana Capital is an online forex trading platform owned by the Amana Capital Group. The company began its business in 2010 in Lebanon. The broker is divided into several entities all over the world and has licenses from CySEC, FCA, BDL and MiFID. Despite the fact that it aims to acquire mainly Arabic traders the company has offices all around the world and employs more than 2000 investment professionals. Their main goal is to deliver a first-grade trading experience to every one of their clients. They offer very reasonable spreads and leverage, as well as many innovative trading opportunities. With already being more than five years in the forex trading industry they have earned their place amongst the best online brokers nowadays. Let’s see what they have to offer.

 

Trading Information

The platform offers two types of accounts Standard (with fixed spreads) and Pro (with variable spreads). Also, you can additionally setup your account to be individual, joint or corporate. To start trading with the Standard type of account, you’ll need a minimum deposit of $1000. Trading instruments for the platform are oil, indices, forex, commodities, precious metals and futures. Major spreads are set between 2 and three pips (EUR/USD 2 pips, GBP/USD 3 pips, USD/JPY 3 pips), and the minimum spread is one pip. Maximum leverage is set to 1:100. The minimum position size you need is 0.01 lots. The currency pairs offered are the industry standard 28 pairs. Hedging is allowed while scalping is not. You also have the options of one-click trading, automated trading, swaps and pending orders. 24 hours trading and mobile trading are supported, but trading by phone is missing. Guaranteed stop loss and the limit order are also available. Execution of orders is instant, meaning there is no dealing desk to slow things down.  Margin call level is set to 1%. Let’s continue with some information about the platforms.

 

Trading Platforms

As an online broker who already has some level of experience in the industry, Amana Capital have taken the right path in providing all platforms that a modern trader needs. Let’s start with the most famous and used all over the world Metatrader 4 platform. It has proven its worth throughout the years and still is the most trusted platform for millions of traders. All the options and customization it offers is what it makes it a safe choice for every broker.  In addition, to the usual MT4 platform, Amana Capital also offers the MT4 Mac version which is ideal for people with MAC devices. It doesn’t require any additional installation and has all the features that the MT4 for Windows has. For everyone who likes to use their smartphone or tablet, there is the MT4 mobile application. It’s available in both the Google Play store and Apple store. It’s fully compatible with every modern mobile device and easy to use by beginner traders. Last but not least, Amana Capital offers the MT4 Multi-terminal platform. As the name suggests, this is a platform where clients can manage more than one account at a time.

 

Security and Customer Services

Security is at a very high level here with all the modern security measures taken. You have a segregated account where your money are safely deposited in top tier banks. With all the licenses from every government body, you can enjoy a very secure trading experience. As far as customer support is concerned the company has done a very good job. They have a 24/5 customer support team which can help you whenever you need. You can contact them by telephone, request a callback, by filling their online form or using their live chat option. Response times are relatively quick, but they manage to keep a 24 hours limit. There are several customer support languages and even physical addresses for their offices in the specific country. As for their site, you will rarely encounter a page where Arabic isn’t translated, and you can always contact a company’s representative about it.  A big win for Amana Capital is their educational tools. They have tons of English language seminars and technical information about forex trading and online trading in general.

 

Deposits and Withdraws

Funding your Amana Capital account is very easy with plenty of deposit methods available. You can choose credit/debit cards, bank transfer, check or a digital wallet. There are no internal fees set by the company, but you will be charged a small percentage by the bank or money service you use. Processing times are quick and usually within 24 hours (except for bank transfer where you’ll have to wait 3-5 business days). Withdrawing money from your account is also easy, and you can use the same methods you deposited the money. There are no fees whatsoever, and they’re usually processed within 3-5 business days. There’s nothing else to be said about the deposits and withdrawals because Amana Capital have taken care of everything.

 

Deposit Bonus and Loyalty Programs

With so many awards won for Best FX Trading Support, Best Regional FX Broker, Best Middle East Forex Broker, you can expect that Amana Capital should offer some great promotions. And you’ll be right. They have an excellent Referral Program where every person you refer will bring you great rewards. These rewards depend on the deposit amount. For example, if the referred client deposits from $300 to $1000 you’ll get $100. The reward bonus limit is $750 for deposits of $10 000 and above. There are also some trading contests available with excellent rewards, but they depend on the country you’re registered from and the where your account is created.

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