Amana Capital

Legal Company NameAmana Capital Ltd
Websitehttps://www.amanacapital.com
Year Founded2011
Offices LocationsUK, Cyrus, Lebanon, Dubai
RegulatorsFCA, CySEC, DFSA, LFSA
Broker TypeECN
Minimum Deposit$50
Maximum Leverage500:1
Minimum Spread0.4 pips
Deposit & WithdrawalCredit Card, Bankwire, Fasapay, Neteller, Skrill & Many More
Currency Pairs54
Trading PlatformMetaTrader 4, MetaTrader 5
Web-based PlatformsYes
Mobile AppsYes
100% Market-executed trades on the MetaTrader platform, solid execution, advanced fundamental and technical analysis, tight spreads on the advanced accounts and only 50 USD to get going.  Amana Capital is one of the best-regulated brokers available to individual traders and has taken a modern approach to their software offering – phasing out MT4 and pushing MT5 that is traditionally less popular with other brokers running MetaTrader.

A trader looking for MetaTrader compatibility, good regulation, and a wide range of CFDs available for trade, should consider Amana Capital as a frontrunner.

Account Types

Amana Capital has connected their account types with platforms.  There are four account types available with 3 of them centered around the MT5 platform, which is not as common with other brokers.  As is common with brokers, the accounts that require larger deposits will reward clients with tighter spreads.  The account types are:

Amana Mini –  MT5:  The mini account has spreads from as low as 1.4 pips, but the account is limited to 28 forex pairs.  For anyone starting out, you will find this number of pairs to be fine, but as you grow and start to trade exotic pairs, this will be a limitation.  This is a good starter account because, while the spread is wider, only a 50 USD deposit is required with no additional fees charged.

Amana Basic – MT5:  MT5 Basic is a good option if you want to use MT5.  But if you want to use MT4, then the next account offering is better.   The MT5 Basic account has tighter spreads compared to the Mini account starting at 0.9 pips with a much wider range of currency pairs available including commodity and Cryptocurrency CFDs.  MT5 Basic requires a 2000 USD minimum deposit to get going, but no additional fees besides the spread are charged which is out of the norm and appreciated by traders.

Amana Basic – MT4:  MT4 Basic is the only MT4 account on offer, and unlike the name suggests, it is closest to the Mini MT5 account listed first above.  With a 50 USD minimum deposit, you can expect spreads from 1.4 pips and leverage up to 1:500.  Where it differs from the MT5 Mini account is that you can trade the same wide range of Forex, cryptocurrency and commodity CFDs available in the MT5 basic account.

Amana Elite – MT5:  The MT5 Elite account is the Amana professional account.  Spreads are super tight at 0.4 pips with small commissions on a large volume of trades. Leverage is offered up to 1:100, and the full suite of currency pairs and other CFDs are available – the same set as is included in the Basic accounts above.  The minimum deposit for this account is 50,000 USD.

Cryptocurrency Trading:

Cryptocurrency CFDs are available on some of the Amana capital accounts.  At the time of writing, there were 4 USD currency pairs available.  Cryptocurrencies available are Bitcoin, Ethereum, Litecoin, and Ripple.

The spreads on leverage vary greatly compared to other traditional currencies.  It is not unusual for spreads to be as wide as 75 pips on Bitcoin.  But this will vary greatly with Amana, so if you trade these currencies, watch your margins.

Platforms:

Amana is fully integrated with the MetaTrader Suite of tools.  From MT4 and MT5 on a desktop to the smartphone and tablet apps for those who wish to monitor trades, or act on signals.  Multiterminal is also available if you are managing numerous accounts simultaneously.

Regulation:

Amana Capital is a collection of Amana owned companies around the world that operate independently to ensure that each of them is regulated by the correct authorities.  From a regulation standpoint, Amana Capital Group is one of the best-regulated brokers available, so if regulation is something you value more than anything else, then this could be a broker for you.  The only major regulation I feel they are missing is ASIC, but with FCA and CySec together, there is no real practical need for this additional regulation.

  • Amana Financial Services UK Ltd, licensed by the Financial Conduct Authority (FCA), (License Number 605070)
  • Amana Financial Services Dubai Ltd, licensed by the Dubai Financial Services Authority (DFSA) (Registration Number F003269)
  • Amana Capital Ltd, licensed by the Cyprus Securities and Exchange Commission (CySec) (License Number 155/11)
  • Amana Capital SAL, licensed Financial Institution regulated by the Central Bank of Lebanon (BDL) (License Number 60)

Spread and Leverage:

Leverage varies per account. When trading with larger amounts of capital, the leverage becomes limited because of the risk involved with trading large amounts with high leverage.  The leverage on accounts varies from 1:100 to 1:500.

The spreads on FX currencies vary as well based on account.  The MT5 Basic account will have the best spreads compared to the MT4 basic and MT4 mini accounts.   Remember that these spreads are variable.  The spreads start at:

  • 4 pips on the MT5 Mini & MT4 Basic accounts.
  • 9 pips on the MT5 Basic account.
  • 4 pips on the MT5 Elite account.

Deposits and Withdrawals:

You can fund your account by Credit Card, Bank Transfer & APMs.  But Amana Capital does charge a fee for handling deposits dependent on the payment method.  It is approximately 1.5% but on withdrawal there no fees.

Withdrawal takes about 3-4 days for a client to receive the funds back on their credit card.

Customer Support:

The customer service team is available 24h 7 days a week.  They can be reached in most ways you can imagine.  These include the normal phone, call back, email but also other technologies like WhatsApp, Viber, Twitter, and Telegram.  Having this much access to customer support and the trading desk is much appreciated by experience and beginner traders alike.

My thoughts:

Amana capital is a great place to trade if you are a MetaTrader fan and looking for more options with the MT5 platform.  Strong support sits at the core of the product, simple and uncomplicated account types support and strong and sturdy regulation backs it all up.  The only thing I would like to see change is the fees on deposits, more cryptocurrencies and more account options for the old-school MT4 user.


Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.