Question 1

Is Amana Capital a regulated and safe broker for investors?

Accepted Answer

Amana Capital operates under multiple regulatory bodies including the Labuan Financial Services Authority (LFSA) in Malaysia, Dubai Financial Services Authority (DFSA), Cyprus Securities and Exchange Commission (CySEC), Securities and Commodities Authority (SCA) in the UAE, and the UK's Financial Conduct Authority (FCA). However, regulatory oversight varies by region and not all affiliates are consistently regulated. Clients should verify the specific entity they register with. The broker uses segregated client accounts with Tier-1 banks to protect client funds and employs tiered leverage to manage risk exposure. There is some regulatory complexity due to multiple operating names and a mixed regulatory history, so new users are advised to confirm regulatory status carefully.

Question 2

What are the trading costs and commission structures at Amana Capital?

Accepted Answer

Amana Capital offers commission-free trading for most asset classes including stocks, ETFs, FOREX, and cryptocurrencies. Spreads start from around 1.4 pips on Classic accounts and can tighten to approximately 0.1 pips on Active and Elite accounts. Futures CFDs incur about USD 10 per lot, and share CFDs have a commission of USD 0.02 per share with a minimum trade cost of USD 15. Overnight swap fees apply including on Islamic accounts. The broker charges no inactivity fees and no hidden commissions or funding fees on deposits and withdrawals. Overall, Amana's trading costs are competitive with notable low spreads for higher-tier accounts.

Question 3

What is the minimum deposit required to open an account with Amana Capital?

Accepted Answer

Amana Capital offers a Classic account with no official minimum deposit required, allowing traders to start small, though USD 50 is recommended as a practical starting point. The Active account requires a minimum deposit of USD 25,000 and is designed for high-volume traders. The Elite account is tailored for professionals and requires a minimum deposit of USD 250,000. Swap-free Islamic versions of these accounts are also available. Deposits can be made via credit card, bank transfer, or electronic banks, with zero deposit fees.

Question 4

How does Amana Capital facilitate deposits and withdrawals for investors?

Accepted Answer

Amana Capital supports multiple deposit and withdrawal methods including bank transfers, credit/debit cards, and e-wallets such as Skrill, Neteller, and PayPal. Deposits are free of charge regardless of the method used. Clients benefit from one free withdrawal each month; additional withdrawals may incur fees depending on the payment method, for example, credit cards and some electronic bank withdrawals carry fees of 1.5% to 3.9%. Withdrawals are processed securely via the original funding source to maintain traceability and security.

Question 5

Is Amana Capital beginner-friendly for new traders?

Accepted Answer

Yes, Amana Capital is considered beginner-friendly. The Classic account requires no minimum deposit, encouraging new traders to start with low risk. The broker provides a user-friendly proprietary mobile app and access to popular platforms like MetaTrader 4 and 5. Educational resources are extensive, including the TradeCaptain learning portal, webinars, multilingual support in English and Arabic, and research tools such as AutoChartist and RiskPulse analytics. Customer support is available 24/6 to assist beginners with guidance and troubleshooting.

Question 6

What trading platforms and tools does Amana Capital offer to its clients?

Accepted Answer

Amana Capital provides multiple trading platforms including the proprietary Amana Web and mobile app, MetaTrader 4 (MT4), and MetaTrader 5 (MT5) with both hedged and netting account options. MT5 supports over 3,700 assets including MENA stocks, while MT4 is favored for FOREX and exchange markets but lacks US and MENA stocks support. The Amana app offers commission-free trading on 5,500+ assets including US and MENA stocks, cryptocurrencies, and ETFs. Advanced tools include Expert Advisors, customizable charts, real-time alerts, AutoChartist pattern recognition, copy trading via ZuluTrade, and VPS hosting for premium clients.

Question 7

Are Islamic (swap-free) accounts available at Amana Capital?

Accepted Answer

Yes, Amana Capital offers swap-free Islamic accounts across its Classic, Active, and Elite account types. These accounts allow overnight positions without interest charges in compliance with Sharia law. However, some currencies and instruments might be excluded, and holding positions longer than ten days may result in discretionary fees. This option is designed to accommodate traders seeking compliant Islamic trading conditions.

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