Amana 2025 Review: Everything You Need to Know
Amana Capital, a prominent broker in the forex and CFD trading space, offers a wide range of trading instruments and platforms. Overall, user feedback reflects a mixed experience, with some praising its regulatory compliance and trading tools, while others express concerns about high fees and customer service responsiveness.
Note: It's crucial to recognize that Amana operates through various entities in different jurisdictions, which can affect trading conditions and regulations. This review is based on a comprehensive analysis of multiple sources to ensure fairness and accuracy.
Ratings Overview
We evaluate brokers based on a thorough analysis of their offerings, regulatory status, and user feedback.
Broker Overview
Founded in 2010, Amana Capital has established itself as a reputable broker with a presence in various regions, including the UK, Cyprus, Dubai, Lebanon, and Malaysia. The broker is known for its use of the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, catering to both novice and experienced traders. Amana offers a diverse range of trading instruments, including forex, commodities, indices, and cryptocurrencies. It is regulated by several authorities, including the Financial Conduct Authority (FCA) in the UK and the Dubai Financial Services Authority (DFSA).
Detailed Breakdown
Regulatory Regions
Amana Capital operates under multiple regulatory bodies, including:
- FCA (UK)
- DFSA (Dubai)
- CySEC (Cyprus)
- CMA (Lebanon)
- LFSA (Malaysia)
- FSC (Mauritius)
Each regulatory authority imposes different rules, which can affect leverage and trading conditions.
Deposit/Withdrawal Currencies
Amana Capital supports several base currencies, including USD, EUR, and GBP. However, it does not offer accounts in all currencies, which can lead to conversion fees for traders using unsupported currencies.
Minimum Deposit
The minimum deposit to open an account with Amana Capital is $50 for the Classic account, making it accessible to beginner traders. For the Active and Elite accounts, higher minimum deposits of $25,000 and $250,000 are required, respectively.
Amana Capital offers various promotional bonuses, including deposit bonuses and rebates for high-volume traders. However, the specifics of these promotions can vary based on the account type and jurisdiction.
Tradable Asset Classes
Amana provides a diverse selection of assets for trading, including:
- Forex: Over 66 currency pairs
- Commodities: 7 types
- Indices: 20 different indices
- Cryptocurrencies: 4 pairs (Bitcoin, Ethereum, Litecoin, Ripple)
- Share CFDs: 322 options
Costs (Spreads, Fees, Commissions)
Amana Capital's trading costs tend to be higher than the industry average. The average spread for the EUR/USD pair is approximately 1.4 pips, which is wider compared to other brokers. Additionally, there are commissions on certain trades, such as $10 per lot for futures trading and $0.02 per share for stock CFDs, with a minimum commission of $15 per transaction.
Leverage
The leverage offered by Amana varies by jurisdiction, with a maximum of 1:500 available for some accounts. However, EU and UK traders are limited to a maximum of 1:30 due to regulatory restrictions.
Amana Capital exclusively uses the MT4 and MT5 platforms, which are well-regarded in the trading community for their robust features and user-friendly interfaces. While these platforms are widely accepted, Amana does not offer a proprietary trading platform, which may be a drawback for some traders.
Restricted Regions
Amana Capital does not accept clients from several countries, including the United States, Canada, Japan, and others. This limitation may restrict access for potential traders in those regions.
Available Customer Support Languages
Amana Capital offers customer support in multiple languages, including English, Arabic, and Chinese. However, the availability of support can be limited, as some users have reported delays in response times.
Repeated Ratings Overview
Detailed Breakdown of Ratings
Account Conditions
Amana Capital's account offerings include the Classic, Active, and Elite accounts. While the Classic account is accessible with a low minimum deposit, the higher-tier accounts offer better spreads and lower costs for experienced traders. However, the high minimum deposit requirements for these accounts can be a barrier for many traders.
The broker provides several trading tools, including Autochartist and Trade Captain, which offer valuable market analysis and insights. However, the lack of in-depth market research and analysis directly from Amana could be a disadvantage for traders looking for comprehensive support.
Customer Service and Support
Customer support has been a point of contention for many users. Although Amana Capital offers various ways to contact support, including live chat and social media, many users have reported unresponsive service, particularly during peak times.
Trading Setup (Experience)
The trading experience on MT4 and MT5 is generally positive, with robust features for analysis and automated trading. However, the higher spreads and commissions can detract from the overall trading experience, especially for low-volume traders.
Trust Level
Amana Capital is considered a safe broker due to its multiple regulatory licenses. However, there are mixed reviews regarding withdrawal issues, which could impact trust among potential clients.
User Experience
Overall, user experience varies significantly. While some traders appreciate the range of instruments and tools available, others express frustration with the customer service and the cost structure.
In conclusion, Amana Capital presents a solid option for experienced traders seeking a wide range of assets and tools. However, potential users should weigh the high fees and customer service concerns against the benefits of its regulatory oversight and trading platforms.
