Amana Capital Forex Broker

Amana CapitalReview SummaryFounded2018-07-06Registered Country/RegionCyprusRegulationSuspicious cloneMarket InstrumentsForex/Indices/Precious metals/Energies/Commodities/Shares CFDs/CryptocurrenciesDemo Account✅LeverageUp to 1:500SpreadAs low as 0.4 pips (EURUSD on forex is 0.1 pips)Trading PlatformMT4/MT5 (Mac/PC(Web/Multi Terminal)/Tablet/Mobile(iOS/Android))Min Deposit0Customer SupportLive chatFacebook/Twitter/LinkedIn/YouTubeAmana Capital Information Amana Capital is a broker that provides 360+ instruments including forex, indices, precious metals, energies, commodities, shares CFDs, and cryptocurrencies. The broker also provides accounts with a leverage of 1:500. The minimum spread is as low as 0.4 pips (EURUSD on forex is 0.1 pips) and accounts for trading Forex & CFDs deposits of $50. Amana Capital is still risky due to its suspicious clone status.Pros and ConsPros Cons Leverage up to 1:500Suspicious Clone24/5 customer supportUnspecific transfer time and fee informationSpread as low as 0.4 pips (EURUSD on forex is 0.1 pips)Demo account availableVarious tradable instrumentsMT4/MT5 availableIs Amana Capital Legit? Amana Capital is regulated by CSEC, LFSA, CMAL, and DFSA, whose license numbers are 155/11, MB/18/0025, 26, and F003269. The current status is 'suspicious clone'.What Can I Trade on Amana Capital? Amana Capital offers a wide range of market instruments, including forex, indices, precious metals, energies, commodities, shares CFDs, and cryptocurrencies.Tradable Instruments Supported Forex✔Indices✔Commodities✔Precious Metals✔Shares CFDs✔Energies✔Cryptocurrencies✔Stocks❌ETFs❌Bonds❌Mutual Funds❌Account Type Amana Capital accounts for Trader Forex & CFDs, Active Trader, Elite Services, and Shares Trading. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.Account Type Trade Forex & CFDsActive TradersElite ServicesShares TradingSpreadsAs low as 1.4 pips---Initial Deposit$50---Maximum LeverageUp to 1:500---Stop Out Level20%--20%CommissionFrom 0---Minimum funding-$250000$250000-Amana Capital Fees The spread is as low as 0.4 pips(EURUSD on forex is 0.1 pips) and the commission is from 0. The lower the spread, the faster the liquidity.Leverage The account that trades Forex & CFDs provides a maximum leverage of 1:500 meaning that profits and losses are magnified 500 times.Trading Platform Amana Capital cooperates with the authoritative MT4 and MT5 trading platforms available in Mac, PC, Tablet, and Mobile to trade. Junior traders prefer MT4 over MT5. Traders with rich experience are more suitable for using MT5. MT4 and MT5 not only provide various trading strategies but also implement EA systems.Trading PlatformSupported Available Devices Suitable for MT4✔Mac/PC/Tablet/MobileJunior tradersMT5✔Mac/PC/Tablet/MobileExperienced tradersDeposit and Withdrawal The minimum deposit is 0. Amana Capital accepts UnionPay, Bank, Visa, Mastercard, Skrill, and Neteller for deposit and withdrawal. However, transfer processing times and associated fees are unknown.