Amana Capital Review 2024
Regulation:
  • FCA
  • CySEC
  • DFSA
  • LFSA
  • FSC
Bonus for deposit:
  • 0%

Amana Capital Review 2024

Updated:
Updated: February 08, 2024

5.05

/

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
Bonus for deposit:
  • 0%

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Summary of Amana Capital Trading Company

Amana Capital is a moderate-risk broker with the TU Overall Score of 5.05 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 ranks 113 among 406 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.

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.

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.

💰 Account currency: USD, EUR, GBP
🚀 Minimum deposit: 50 USD
⚖️ Leverage: 1:500
💱 Spread: from 0,1 p
🔧 Instruments: Forex, Indices, Precious Metals, Energies, Commodities, Shares
💹 Margin Call / Stop Out: 50/20%

👍 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.

Evaluation of the most influential parameters of Amana Capital

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

4.58

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

8.97

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

6.00

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

7.37

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

5.90

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

3.94

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

3.76

/10

Trade with this broker, if:

  • You seek Sharia-compliant trading options. Amana Capital provides Islamic accounts following Sharia principles, catering to the needs of Muslim investors.
  • You value personalized client support. Amana Capital focuses on offering tailored service, providing dedicated account managers and 24/5 multilingual support, particularly beneficial for beginners or those requiring additional guidance.

Do not trade with this broker, if:

  • You prioritize negative balance protection. Amana Capital does not provide this feature, meaning potential losses could exceed your initially deposited capital.
  • You are sensitive to high spreads on standard accounts. Amana Capital may not be suitable if you are looking for lower spread options.

Geographic Distribution of Amana Capital Traders

Popularity in

56.3%
AE
United Arab Emirates
4.4%
JO
Jordan
36.3%
Others
Others

User Satisfaction i

42 comments
Total score:
3.6 /10

Share your experience

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Thiruna
3 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
5 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
8 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
11 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
14 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
6 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
15 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.

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kestharjamal
16 weeks ago

Amana Capital brings only losses. And this does not depend on how traders trade. Even with an excellent trading strategy, trades on this platform will bring losses, because it is beneficial to the company and because Amana Capital itself trades against traders and takes their money.

Dynamics of Amana Capital’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment programs of Amana Capital

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.

 

Trading Conditions for Amana Capital Users

💻 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

Comparison of Amana Capital with other Brokers

Amana Capital RoboForex Eightcap Exness XM Group Gerchik&Co
Trading
platform
MT4, MT5 MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader MT4, MT5 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MT5, MobileTrading, XM App MetaTrader4, MetaTrader5
Min deposit $50 $10 $100 $10 $5 $100
Leverage From 1:1
to 1:500
From 1:1
to 1:2000
From 1:30
to 1:500
From 1:1
to 1:2000
From 1:1
to 1:30
From 1:1
to 1:100
Trust management No No No No No Yes
Accrual of % on the balance No No No No No No
Spread From 0.1 points From 0 points From 0 points From 1 point From 0.6 points From 0 points
Level of margin call
/ stop out
50%  /  20% 60%  /  40% 80%  /  50% No  /  60% 100%  /  50% 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 No No
Cent accounts No Yes No No Yes No

Broker comparison table of trading instruments

Amana Capital RoboForex Eightcap Exness XM Group Gerchik&Co
Forex Yes Yes Yes Yes Yes Yes
Metalls Yes Yes Yes Yes Yes Yes
Crypto No No Yes Yes Yes Yes
CFD Yes Yes Yes Yes Yes Yes
Indexes Yes Yes Yes Yes Yes Yes
Stock Yes Yes Yes Yes Yes Yes
ETF No Yes No No No Yes
Options No No No No No No

Amana Capital Commissions & 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
Amana Capital $14 High
RoboForex $1 Low
Pocket Option $8.5 Medium
Logo Amana Capital
$14
$1
$8.5

Contacts

Foundation date 2011
Registration address Kristelina House, 3rd Floor, Office 302 12 Archiepiskopou Makariou III Mesa Geitonia, 4000 Limassol, Cyprus
Regulation
Official site
Contacts
All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
Amana Capital Review Amana Capital Review

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FAQs

Do reviews by traders influence the Amana Capital rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Amana Capital you need to go to the broker's profile.

How to leave a review about Amana Capital on the Traders Union website?

To leave a review about Amana Capital, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about Amana Capital on a non-Traders Union client?

Anyone can leave feedback about Amana Capital on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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