Amana Capital review: Amana Capital is a well-known forex broker in the world. This article will give you the important details about Amana Capital and the services, account types, deposit, commissions, and many more. Find out all the useful information about Amana Capital in this article.
About Amana Capital
Amana Capital is registered in the UAE (United Arab Emirates) and regulated by DFSA (Dubai Financial Services Authority). Amana Capital Ltd is registered as a Cypriot investment firm.
A Capital provides its clients with a high level of security, including separate funds, account protection policies and fund insurance for up to $1 million for LFSA and FSC clients. The funds are also protected by the Financial Services Compensation Scheme in the UK and Cyprus up to £85,000. Amana Capital clients enjoy a range of trading tools, including the MetaTrader platform and the Signal service. The platform features world-class security features, including 128-bit encryption and a 2FA protocol.
A Capital offers MT4 as a web terminal and browser-based version, and the MT4 version supports ECN and DMA trading. With MT4, Amana Capital has decided to set up a universal general account for all traders. Mobile commerce is integrated with mobile marketing. As it is an integral part of Amana Capitals, the company offers the corresponding mobile app from Amana Capital to help merchants control their business from the moment they want it.
Profits and stop-loss limits on purchases and sales are part of a robust risk management system available to all members of Amana Capital. Customer funds are invested in separate customer accounts, ensuring that they are a particular form of Amana funds. These funds are protected by the UK Financial Services Compensation Scheme and the Cyprus Investor Compensation Fund.
A Capital offers a standard account type. These accounts can be set up in individual, community or business configurations. The minimum deposit required to open an account is $1,000. Once an account has been extended with Amana Capital, swap-free accounts operate under Sharia law, meaning that interest will not be due until the trade is completed.
With its global expansion and focus on development, Amana Capital has created a company, TradeCaptain.com, that unleashes a wide range of innovative training, insightful analysis and news to help traders trade.
In addition to the daily market analyses, forecasts, and SMS alerts that Trade Captain sends to its customers, other leading research providers such as Trade Central, Claw & Horn and Autochartist. The geographical presence of a global corporate network leads to better customer service and understanding of customer culture and commits to numerous regulations to ensure operational standards and safety. Amana is currently considered a global broker, operating from five international offices, conducting extensive trading and providing services through various tools and instruments.
A Capital accepts the usual selection of payment methods such as credit/debit cards, bank transfers and a number of other online payment methods. Amana Capital does not charge any payment fees, but the payment service provider collects its fees and deducts the amount. The company welcomes all asset managers and offers direct access to banks and financial institutions’ global network.
Charges & Commission
A financial services provider does not charge for debit and credit card transactions, but there is a 1.5% fee that is deducted as part of the cost that the merchant payment solution provider charges. Barclays Bank also charges a $6.00 fee for bank transfers, but this fee is deducted from the net amount. Amana Financial Services also charges a fee for Skrill transactions, a 2% fee that is partially deducted from the cost of the Skrill provider. These fees are not accepted as an industry-standard method of financing.
Amana Capital has different margins, and trading conditions change depending on the market environment. Traders can opt for a maximum Amana leverage of 1% to 500%, while the broker can reduce the leverage according to the increase in account capital and the size of the position.
A Capital is an Islamic broker that adheres to Sharia law when investing, ensuring that clients benefit from swap-free trading and overnight transactions. Swap rates are associated with certain currency pairs and can be either positive or negative, depending on the current interest rate of the underlying currency. Sharia law bans interest of any kind, so Amana Capital has decided to offer swap-free trading accounts.
Amana Capital is able to make deposits and withdrawals using credit/debit cards, bank transfers, etc. Clients Broker is reliable, well regulated, and offers typical trading conditions for many currency pairs and various CFDs, including the main cryptocurrencies. A customer of Amana Capital can make deposits/withdrawals to his account using one of the following payment methods: credit and debit cards, bank transfers, e-wallets, Skrill, Neteller, Webmoney, Qiwi, Fasapay, Ayer, Epay, Perfect Money, and Advcash.