Watchlists allow Amana.app clients to aggregate all the assets that they wish to monitor and view them in a single display. Clients will also have access to generalised watchlists such as Top Gainers, Top Losers, and Most Popular. This app also provides a plethora of indicators for traders to carry out technical analysis. Customers will be able to use Coppock Curve, Stochastic Oscillators, Bollinger Bands, and many others. The icons and taskbars are also easy to understand for newbie traders.
- You also get access to daily advanced technical studies, calendars, market news, market reports, and analytics tools.
- Each account type is designed to cater to traders’ specific needs, from entry-level users to seasoned professionals and institutions.
- Its robust regulatory framework, advanced platforms, and diverse asset offerings make it an attractive choice for traders of all levels.
- All UK residents are eligible to open an account at Amana Capital but have to meet the minimum deposit requirement of 50 USD.
Forex Trading in the United Kingdom
If you want to trade in US shares, you can opt for the Shares or the ZuluTrade account. Its creators had noticed that traders prefer its functioning and tools, so they developed a new one with enhanced operability. MT4 add-ons and EAS that were specifically made for it do not operate anymore in MT5. The company came into existence in Beirut, Lebanon, in 2010, led by CEO Ahmad Khatib. Since then, the company has steadily risen in momentum and acclaim in the financial world. They have a reach of over eighty countries and have offices in London, Dubai, Cyprus, Beirut, Labuan, Mauritius, and Sri Lanka.
Account Types
Amana Capital is multi-regulated Forex and CFD broker that offers a good selection of more than 800+ assets for trading online via the sophisticated MetaTrader (MT4 & MT5) platforms. You can get access to some decent trading conditions including low spreads and commission fees along with rapid trade execution speeds with minimal slippage. They have everything you need if you are looking to trade on all of your devices from one trading account.
- Our Amana.app review shows that the broker is an excellent choice for users who wish to invest in both CFD and non-CFD instruments.
- The built-in charting system comes with 21 timeframes with 80 analytical objects and advanced technical indicators.
- Multiple account types are available based on investment size and trading requirements, with a good choice of payment options supported.
- We will be delving into the many aspects that make it one of the leading online brokers in the business.
- Clients have access to a range of trading tools at Amana that can enhance their trading experience and improve their results.
Amana Features
Spreads start at 1.40 pips on the EUR/USD, which is wider than other market makers. Stop Out levels are at 20%, and accounts are denominated in USD, EUR, or GBP. No commissions are charged on Forex or Cash CFDs, but 10 USD/lot is charged on Futures trading and 0.02 USD/share on share CFDs. This segment of our Amana.app review focuses on the broker’s stock trading offerings. Here, we discuss what you need to know before trading stocks with this broker, including the availability of real stocks, stock trading fees and commissions, and the availability of margin trading. Leveraged OTC derivatives and crypto asset trading outside an exchange is highly volatile, holds a high degree of risk and may expose investors to significant and rapid losses.
Overall, the trading platforms are designed with the latest technology and provide advanced trading tools and features to enhance the trading experience. The Amana Classic Account is ideal for beginner and intermediate traders who require an accessible way to start trading. With a low minimum deposit of $50, the account type offers commission-free trading on Forex and most CFDs.
Amana.app charges a 2% and 1% fee to clients who withdraw with Neteller or Skrill, respectively. It contains several videos that cover market analysis, daily briefings, trading basics, and many other tutorials. Here, clients will also be able to watch How To guides that explain how to maximise the various features available on the mobile trading app. Although Amana.app does not profit by charging a commission on trades, they make money off the spreads on their listed assets. Users who place buy or sell orders on derivatives are expected to pay the spread on these instruments.
Amana MobileTrader App
The trading and non-trading commissions of broker Amana Capital have been analyzed and rated as Low with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, Eightcap and XM Group, to provide the most comprehensive information. Compared to its competitors, Amana Capital offers a well-balanced trading environment with strong regulatory coverage and a wide selection of tools. Clients have access to a range of trading tools at Amana that can enhance their trading experience and improve their results. The broker provides access to both leveraged CFDs and physical investments, giving traders the flexibility to choose between short-term speculation and long-term portfolio building.
Amana Capital’s clients with accounts under the LFSA licence will also benefit from 1,000,000 USD protection insurance should the Company be liquidated. Amana.app offers over 4000 assets, including shares, ETFs, Forex, cryptocurrencies, indices, and commodities. For withdrawals, clients can use all the above-listed payment methods to retrieve their funds.
We have compared the range of assets and markets supported by Amana Capital with its competitors, making it easier for you to find the perfect fit. To begin, users simply complete an online registration form with basic personal and financial information, followed by the submission of identity and address verification documents. However, trading through its offshore entities carries higher risk due to weaker regulatory oversight. Therefore, traders should choose the regulatory jurisdiction carefully when trading outside the UK and Europe. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors amana capital broker to consider when choosing a broker.
Testing Amana’s Customer Support
Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker. The work of our content authors and research groups does not involve any interaction with our advertisers and they do not have access to data concerning the amount of advertising purchased. For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. Please follow the links to each of our affiliated broker’s websites. This will help Tradersunion.com to continue to provide our services to you for free. Additionally, Amana Capital provides its clients with proprietary trading platforms that cater to different trading needs and preferences.
The EU clients are protected by the Investor Compensation Fund (ICF) which ensures that if the broker fails, eligible clients can be refunded or compensated.
How to Open Amana Demo Account?
There should be something for everyone to trade, regardless of your interests. CFD trading enables you to buy (long) and sell (short) instruments without actually needing to physically own the underlying asset. I think traders can build a diversified portfolio although they are not quite on the level of IG who have more than 17,000 instruments to trade in comparison. Amana Capital clients are given access to trading signals from the brilliant Autochartist. This is an industry leading market analysis software that scans the charts in real time and notifies the traders with opportunities and signals. Autochartist also presents daily updates on important market events as well as the economic calendar.
Additional Tools and Features
Headquartered in Dubai, UAE, the firm has extended its reach to over 80 countries, with regional offices in London, Beirut, Limassol, and other global financial hubs. The company aims to empower traders through transparency, advanced trading platforms, and extensive educational resources. That is why you should only invest money that you are prepared — or can afford — to lose at such high risks. Tradersunion.com does not provide any financial services, including investment or financial advisory services. Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets. Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers.
