Amana Capital Forex Broker

Amana Capital Forex Broker - Complete Information Guide

1. Broker Overview

Amana Capital, founded in 2010, is a well-established forex broker that has made a significant impact in the online trading landscape. The company is headquartered in London, United Kingdom, with additional offices located in Cyprus, Lebanon, the United Arab Emirates, and Labuan. Amana Capital operates as a private entity, owned by a group of private investors with diverse business interests across various sectors.

The broker primarily serves retail and institutional clients, providing access to a wide range of financial markets. Over the years, Amana Capital has grown its client base to include traders from over 80 countries, offering services tailored to both novice and experienced traders. Key milestones in the companys development include its establishment in Beirut, Lebanon, and subsequent expansion into international markets.

Amana Capital's business model focuses on retail forex trading, offering competitive spreads and a variety of account types to meet the needs of different traders. The broker is known for its commitment to providing innovative trading solutions and educational resources to help clients enhance their trading skills.

Amana Capital broker is recognized for its robust trading platforms and the variety of instruments it offers, making it a compelling choice for traders looking to access global financial markets.

2. Regulatory and Compliance Information

Amana Capital is regulated by several reputable authorities, ensuring that it adheres to strict industry standards. The key regulatory bodies overseeing the broker include:

• Financial Conduct Authority (FCA), UK - License Number: 605070
• Cyprus Securities and Exchange Commission (CySEC) - License Number: 155/11
• Dubai Financial Services Authority (DFSA) - License Number: F003269
• Capital Markets Authority (CMA), Lebanon - License Number: 26
• Labuan Financial Services Authority (LFSA), Malaysia - License Number: MB/18/0025
• Financial Services Commission (FSC), Mauritius - License Number: C118023192

These regulatory licenses validate Amana Capital's commitment to maintaining a transparent and secure trading environment. The broker is required to keep client funds in segregated accounts, ensuring that they are protected in the event of insolvency. Furthermore, Amana Capital participates in investor compensation schemes, providing additional security for clients' funds.

To comply with anti-money laundering (AML) and know your customer (KYC) regulations, Amana Capital conducts thorough identity verification processes for all clients. This includes the collection of necessary documentation to confirm the identity and address of the trader.

Amana Capital broker operates under stringent regulations, providing traders with peace of mind regarding the safety of their investments.

3. Trading Products and Services

Amana Capital offers a diverse range of trading products, catering to various trading preferences. The broker provides access to over 66 currency pairs, including major, minor, and exotic pairs, making it an attractive option for forex traders.

In addition to forex, Amana Capital offers a variety of CFD products, including:

• Stock CFDs: Over 332 share CFDs from major exchanges.
• Commodity CFDs: A selection of 7 commodities, including agricultural products and precious metals.
• Index CFDs: Trading on 20 indices, covering major global markets.
• Energy CFDs: Options include 5 energy products, such as crude oil and natural gas.
• Cryptocurrency CFDs: Trading available on 4 cryptocurrency pairs, including Bitcoin and Ethereum.

The range of instruments allows traders to diversify their portfolios and implement various trading strategies. Amana Capital regularly updates its product offerings, ensuring that clients have access to the latest market opportunities.

For retail clients, Amana Capital provides several account types, including standard, active, and elite accounts, each designed to meet different trading needs. The broker also offers white label solutions and asset management services for institutional clients.

Amana Capital broker stands out for its comprehensive selection of trading products and services, making it suitable for traders of all experience levels.

4. Trading Platforms and Technology

Amana Capital supports the industry-standard trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are recognized for their user-friendly interfaces and advanced trading functionalities.

MetaTrader 4 (MT4)

MT4 is widely regarded for its robust charting capabilities and extensive range of technical analysis tools. Key features include:

• Expert Advisors (EAs) for automated trading.
• A variety of indicators and customizable alerts.
• Comprehensive back-testing functionality.

MetaTrader 5 (MT5)

MT5 is the successor to MT4, offering enhanced features, including:

• More order types and timeframes.
• An integrated economic calendar.
• Support for additional asset classes beyond forex.

Both platforms are available in desktop, web, and mobile versions, allowing traders to access their accounts anytime, anywhere. Amana Capital also provides a mobile trading app compatible with both iOS and Android devices, ensuring that traders can manage their accounts on the go.

The broker employs a market-making execution model, acting as the counterparty to client trades. This model enables Amana Capital to offer competitive spreads and fast execution times, although it may present conflicts of interest.

Amana Capital broker utilizes advanced technology and reliable trading platforms to facilitate a seamless trading experience for its clients.

5. Account Types and Trading Conditions

Amana Capital offers several account types tailored to different trading styles and needs:

1. Classic Account

• Minimum Deposit: $50
• Spread: From 1.40 pips on EUR/USD
• Commission: Spread-only, no additional commission on trades.
• Leverage: Up to 500:1

2. Active Account

• Minimum Deposit: $25,000
• Spread: From 0.10 pips on EUR/USD
• Commission: $3 per lot traded.
• Leverage: Up to 500:1

3. Elite Account

• Minimum Deposit: $250,000
• Spread: Negotiable, typically tighter than the standard accounts.
• Commission: Flexible based on negotiation.
• Leverage: Up to 500:1

4. Islamic Account

Amana Capital offers swap-free accounts for traders adhering to Islamic finance principles, ensuring compliance with Sharia law.

5. Demo Account

Traders can also open a demo account, allowing them to practice trading without financial risk. The demo account is available for 30 days and includes virtual funds.

The broker charges overnight fees for positions held beyond the trading day, and these fees vary based on the asset class.

Amana Capital broker provides a range of account types with flexible trading conditions, catering to both beginners and experienced traders.

6. Fund Management

Amana Capital offers a variety of funding methods to facilitate deposits and withdrawals:

• Deposit Methods: Include bank wire transfers, credit/debit cards (Visa, Mastercard), and e-wallets (Neteller, Skrill).
• Minimum Deposit Requirement: Varies by account type, starting from $50 for the Classic account.
• Deposit Processing Time: Typically instant for credit/debit cards and e-wallets; bank transfers may take 3-5 days.
• Deposit Fees: Generally, no fees for bank transfers; however, e-wallet deposits may incur fees up to 3.9% + $0.29.
• Withdrawal Methods: Include the same methods as deposits, with processing times ranging from 24 hours for e-wallets to 3-5 days for bank transfers.
• Withdrawal Fees: Commissions can be as high as 2% for certain methods, capped at $30.

Amana Capital adheres to strict anti-money laundering (AML) policies, requiring that all deposits originate from accounts in the trader's name.

Amana Capital broker provides a comprehensive range of funding options, though traders should be mindful of potential fees associated with certain methods.

7. Customer Support and Educational Resources

Amana Capital offers a variety of customer support channels to assist clients:

• Support Channels: Include phone, email, live chat, and messaging through platforms like WhatsApp and Telegram.
• Service Hours: Multilingual support is available 24/5.
• Languages Supported: English, Arabic, Chinese, and several others.

Educational Resources

Amana Capital provides a well-structured educational section that includes:

• Webinars: Regularly held and accessible without an account, covering a wide range of topics.
• Seminars: Free seminars held across the Middle East.
• Videos and eBooks: Introductory materials available for traders looking to enhance their knowledge.

Market analysis services are limited, primarily relying on third-party tools like Autochartist and Trade Captain for insights.

Amana Capital broker emphasizes customer support and education, making it a suitable choice for traders looking to improve their skills.

8. Regional Coverage and Restrictions

Amana Capital operates in multiple regions, including:

• Primary Markets: The broker serves clients in over 80 countries, providing access to a wide range of financial instruments.
• Regional Offices: Located in the United Kingdom, Cyprus, Lebanon, and the UAE.
• Restricted Regions: Amana Capital does not accept clients from certain jurisdictions, including the United States.

The broker is committed to adhering to local regulations, ensuring compliance with the legal requirements in each region it operates.

In summary, Amana Capital broker is a reputable and well-regulated forex broker that offers a comprehensive suite of services and products, catering to a diverse range of traders. With a commitment to education and customer support, it provides a solid foundation for both novice and experienced traders looking to navigate the financial markets.