Amana Capital Review 2024

5.02/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Regulation:
  • FCA
  • CySEC
  • DFSA
  • LFSA
  • FSC
Foundation date:
  • 2011
Updated:
5.02/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Regulation:
  • FCA
  • CySEC
  • DFSA
  • LFSA
  • FSC
Foundation date:
  • 2011
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Amana Capital isn't available in United States
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Our Evaluation of Amana Capital

5.02/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Traders Union icon

Amana Capital is a moderate-risk broker with the TU Overall Score of 5.02 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Amana Capital clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.

Amana Capital is a broker that is gradually moving away from the classic model of providing Forex services in favor of promoting mobile trading on stock markets.

Brief Look at Amana Capital

Amana Capital business activities are conducted in full accordance to rules and regulations of relevant regulatory bodies. The company received licenses from the following top international organizations: the FCA 605070, CySEC 155/11, DFSA F003269, LFSA MB/18/0025, and FSC С118023192. Amana Capital, a member of 180 Capital, specializes in online trading. The company offers its services to customers from more than 80 countries of the world giving them access to the global financial markets. Both individual and institutional customers choose Amana Capital as a reliable partner.

Advantages of trading with Amana Capital:
  • Effective, functional app that is marketed through a separate website.
  • Direct access to U.S., EU and UK stock assets.
  • Transparent fee schedule.
Disadvantages of Amana Capital:
  • High spread on standard accounts.

Amana Capital Summary

💻 Trading platform: MT4, MT5, Mobile Platforms
📊 Accounts: TRADE FOREX & CFDS, ACTIVE TRADERS, Elite Account, Shares Account
💰 Account currency: USD, EUR, GBP
💵 Replenishment / Withdrawal: Credit/Debit Cards, Neteller, Skrill, E-Wallet: EPay, ADVCash, Payeer,Perfect Money. WebMoney, Moneta, Qiwi, FasaPay, Bank transfer.
🚀 Minimum deposit: 50 USD
⚖️ Leverage: 1:500
💼 PAMM-accounts: No
📈️ Min Order: 0.01
💱 Spread: from 0,1 p
🔧 Instruments: Forex, Indices, Precious Metals, Energies, Commodities, Shares
💹 Margin Call / Stop Out: 50/20%
🏛 Liquidity provider: No
📱 Mobile trading: Mobile Platforms
➕ Affiliate program: Yes
📋 Orders execution: Instant execution, Market execution
⭐ Trading features: Copy Trading
🎁 Contests and bonuses: Welcome Bonus

Amana Capital Key Parameters Evaluation

User Satisfaction

Score:
3.7/10

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bharubal
2 weeks ago

Amana Capital is one of the most normal brokers today. At the beginning I traded with one more broker, but then I decided to trade only with Amana, because it is better here. In general, my opinion about this broker is only positive so far.

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Thiruna
8 weeks ago

This broker, Amana Capital, offers quite a few significant advantages in terms of trading. One of the most important ones is the availability of a mobile application and all the features it provides to traders. While many other brokers' apps often lag and freeze, I haven't experienced that here. In my opinion, trading on this platform via mobile is even more convenient than on a standard computer. However, the registration process with Amana Capital is quite cumbersome; it took me three days to register.

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mamun
11 weeks ago

At Amana Capital, there are many issues, with the main one being their trading platform. While trading via mobile devices is possible, the program used by traders to execute trades is highly imperfect. Moreover, during strong market movements, trading can be completely halted, making it impossible to open or close orders. For instance, during the release of US labor market news, I couldn't close my order and ended up losing a lot of money. However, for Amana Capital, this issue doesn't seem significant, as they haven't taken any steps to address the situation.

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Mr_K
14 weeks ago

AmanaCapital blocks accounts so as not to withdraw profits. After five months of trading, I was allowed to withdraw $200. This is despite the fact that I deposited $700 here and received a profit of $450. A week after the withdrawal, my account was blocked. AmanaCapital support said that I was violating trading regulations. But more than a month has passed and the account has not been unblocked.

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Monju
17 weeks ago

I deeply regret starting cooperation with Amana Capital. I believed that if a company has a regulator's license, no one would manipulate the platform. However, the company stated in the regulations that it is not responsible for software issues. Therefore, all problems that arise in the Amana Capital terminal are attributed to the client's capital and profit, leading to financial losses.

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ibtehaj
20 weeks ago

I leave my negative review of Amana Capital. This broker has low quality service and unacceptable conditions.It significantly increases spreads even above 30-40 pips, which is unacceptable. During times of volatility and important news, slippages reach unacceptable levels. I do not recommend using Amana Capital services.

Responses to a comment
heru99 to ibtehaj
12 weeks ago

Another fact to add is the significant slippage. At Amana Capital, slippage almost always hits my stop-loss. Setting a stop-loss of more than 60 pips doesn't seem worthwhile to me.

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faisal
20 weeks ago

My account at Amana Capital got blocked. They demanded a re-verification, suspecting something against me. I submitted all the required documents, but it's been four weeks, and my issue is still unresolved. I've sent numerous emails, constantly bothering Amana Capital's support, but they keep telling me to wait. I might not have worried, but there's $1200 in my account.

Score:
6/10

Commissions and fees

Information
Traders Union analysts reviewed the broker’s trading conditions on each account of Amana Capital and compared spreads on them. The spread is specified in USD; one standard lot of the EUR/USD pair was used for the analysis.
Account type Spread (minimum value) Withdrawal commission
Trade Forex from USD 14 n/a
Active Traders from USD 3 n/a

Experts also compared the broker’s spread on EUR/USD with other brokers using a standard STP account.

Broker Average commission Level
$14
High
$1
Low
$8.5
Medium
Score:
5.46/10

Investment Options

At the moment, the broker does not have active investment programs, but does offer technology solutions for those who attract investors, i.e. MAM accounts. A MAM account is an account for a manager, which allows a trader to work with several use accounts through the MT4/MT5 trading platforms, distribute trading volume proportionally among investor accounts, taking into account individual risk parameters, etc. The rating of MAM managers is not kept. If you are an investor, you can independently find a manager and provide him/her with access to your user account.

Important!

If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

Accuindex Partnership program

The broker offers two types of partnership programs: 

  • for individuals: a standard referral program. 

  • for legal entities: White Label (own broker with Amana Capital technologies). 

You can find out the details and conditions of partnership programs by contacting the broker’s Customer support service.

 

Comparison of Amana Capital with other Brokers

Amana Capital RoboForex Pocket Option Exness FBS 4XC
Trading
platform
MT4, MT5 MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader Pocket Option, MT5, MT4 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MobileTrading MT5, MT4, WebTrader
Min deposit $50 $10 $5 $10 $1 $50
Leverage From 1:1
to 1:500
From 1:1
to 1:2000
From 1:1
to 1:1000
From 1:1
to 1:2000
From 1:1
to 1:2000
From 1:1
to 1:500
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread From 0.1 points From 0 points From 1.2 point From 1 point From 0.2 points From 0 points
Level of margin call
/ stop out
50%  /  20% 60%  /  40% 30%  /  50% No  /  60% 40%  /  20% 100%  /  50%
Execution of orders Market Execution, Instant Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution Market Execution
No deposit bonus No No No No $5 $50
Cent accounts No Yes No No Yes No
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Team that worked on the article