Rating Index
Pros
Well-regulated by multiple authorities including FCA and CySEC, ensuring a level of security for traders.
Offers a wide range of financial instruments, including forex, commodities, cryptocurrencies, and stock CFDs.
Supports popular trading platforms like MT4 and MT5, providing traders with advanced tools and features.
Cons
High minimum deposit requirement for certain accounts, which may deter beginners.
Limited market analysis and research materials, making it challenging for traders seeking comprehensive insights.
High fees for deposits and withdrawals, which can increase overall trading costs.
Amana Trade broker Accounts
Amana Capital Account Types
Amana Capital offers a variety of account types tailored to meet the needs of different traders. The main account types include:
- Amana Classic Account
- Minimum Deposit: $50
- Spreads: Starting from 1.4 pips
- Commission: None on forex and cash CFDs; $10 per lot on futures CFDs; $0.02 per share on share CFDs.
- Leverage: Up to 1:500 for non-EU clients.
- Suitable For: Entry-level traders.
- Amana Active Account
- Minimum Deposit: $25,000
- Spreads: Starting from 0.1 pips
- Commission: None on forex; other commissions apply based on trading activity.
- Leverage: Up to 1:100 for professional trading.
- Suitable For: High-volume traders who trade at least $100 million per month.
- Amana Elite Account
- Minimum Deposit: $250,000
- Spreads: Ultra-low spreads.
- Commission: Tailored based on trading conditions.
- Leverage: Customized leverage options.
- Suitable For: High-net-worth individuals seeking personalized services.
- Amana Shares Account
- Minimum Deposit: No minimum deposit required.
- Instruments: Trade over 280 US share CFDs.
- Commission: $0.02 per share with a minimum of $15 per transaction.
- Leverage: Up to 1:10.
- Suitable For: Traders focused on stock trading.
- Islamic Account
- Type: Swap-free account available for Muslim traders.
- Features: Complies with Sharia law by not charging overnight fees.
Visit the Website: Go to the Amana Capital website and click on the "Start Trading" button.
Select Account Type: Choose your preferred account type from the available options (Classic, Active, Elite, Shares, or Islamic).
Fill in Personal Details: Complete the registration form with your personal information, including your name, email, and phone number.
Verify Identity: Upload the required identification documents (passport, national ID, or driver's license) and provide proof of residence.
Answer Questions: Complete a questionnaire regarding your trading experience and financial knowledge.
Deposit Funds: Make your first deposit to activate your account. The minimum deposit varies based on the account type selected.
Start Trading: Once your account is activated, you can begin trading using the MetaTrader 4 or MetaTrader 5 platforms.
Amana Capital Broker Account Opening Process
To open an account with Amana Capital, follow these steps:
This process is designed to be straightforward and can typically be completed within 30 minutes.
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