In terms of reliability and trustworthiness, Amana Capital is a broker that offers trading on a diverse variety of assets. Spreads are wider than the market standard when trading with a single live commission-free account. More experienced traders, on the other hand, might benefit from greater minimum deposits by accessing lower spreads in exchange for a little commission each lot traded. Trading is available on both the MT4 and the MT5 platforms, and Amana Capital provides a comprehensive set of financial tools.
- Overall, at 14 USD per lot traded, Amana Capital’s trading costs are higher than the industry average.
- As with currency exchange markets, commodity markets offer different investment opportunities for traders.
- Amana Capital provides trading on a variety of assets, including forex, energy, cryptocurrencies, indexes, commodities, metals, and stocks, among other things.
- From MT4 and MT5 on a desktop to the smartphone and tablet apps for those who wish to monitor trades, or act on signals.
- Amana Capital’s main goal remains to facilitate traders online trading needs in a user-friendly environment that is regulated and equipped to provide a secure and private experience.
Fees may be applied on a Swap Free trade in case trading positions are held open for more than 10 (ten) days, unless waived by Amana. Such fees can be applied from the time the position was opened and at the sole discretion of Amana Capital. Amana Capital’s Classic Account has a minimum deposit requirement of 50 USD, making it accessible to beginner traders. For those looking for a classic trading experience with forex and CFDs, there is the Amana Classic account.
Types of Accounts and Their Features
Whatever trading strategy you can imagine, chances are it can be built in this powerful yet easy to use platform. This account is designed for VIP clients who trade frequently and has a minimum of $250,000 trading capital. Account holders benefit from very low spreads, reduced charges, personal account manager and personal coaching from Amana Capital experts.
Regardless, it is great to see the broker include some innovative and handy standalone tools to boost your market analysis that bit more. Amana Capital is owned by private investors with a diversified collection of global business interests represented by Manara Capital and Capital Guidance. The shareholders create value through building differentiated businesses and investing across a variety of asset classes including private companies, real estate, and public securities. They have a team of experts and market enthusiasts that work very hard to deliver to traders and financial firms the necessary tools and technology that streamlines their trading experience. It is good to see that the broker is continuously working to expand their reach and keep on refining their products to be a first-class trusted leader in delivering financial services. It seems that Amana Capital takes the education of their clients very seriously.
Very fast execution of orders at Amana…
Trading is offered on both MT4 and MT5, and Amana Capital offers an excellent range of trading tools. Its educational suite is extensive and well-structured, but customer support is largely unresponsive. It also charges high deposit and withdrawal fees on some payment amana capital broker methods. Trading across multiple trading platforms including MetaTrader4 for Android and iOS smartphones, Mac and personal computers. It is also known for its 24/7 dedicated client services and daily market analysis, Financial portal TradeCaptain and SMS alerts.
It is also valuable in planning trading orders when several currency pairs are involved. The Lot Size calculator enables traders to calculate the size of the position in lots and units most used to manage risks. In evaluating the predicted profits or losses in intended operation on the forex market, the profit & loss calculator is a valuable tool.
Amana Capital’s non-trading fees are higher than other similar brokers. Yes, the broker’s asset management program supports the use of PAMM accounts. Card payments and fast international bank transfers are covered by the broker, and some e-currency payment systems such as Perfect Money are free. Amana Capital also does not charge for withdrawals via bank wire transfer, however, there may be charges incurred by your chosen bank.
Compare the markets and instruments offered by Amana Capital and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Compare Amana Capital with the top 3 similar brokers that accept traders from your location. Most methods will also incur a fee, which starts from 1.5% for cards and goes up to £6 for bank transfers. There are no commissions charged on FX pairs, but future indices, metals, commodities, and energies come with a $10 fee per lot. Despite these positives, the trader education provided on the website is not very comprehensive whilst a majority of the materials are not available in English.
There are features that allow traders to interact with other traders in their location, the opportunity to open discussions and enter those that are already up and running. It provides features for traders to share their experiences as well as receive feedback from other traders. Social trading has become very popular nowadays, and its no surprise, because there is so much to learn from others traders. The MetaTrader 4 platform is adaptable enough to match your level and trading approach, whether you’re an expert trader or you’re just beginning to explore financial markets.
Decent Trading App for Stocks and Crypto without Any Charges
We update this methodology and our recommended reviews yearly, so that you’re only given up to date information. The brand also offers other trading tools such as VPS, trading signals, market news, and analysis. While mobile users also have access to 24 analytical objects and 30 technical indicators. Apart from the real account, Amana Capital also offers demo accounts in place to sharpen traders trading strategies in a completely risk-free online environment. She has a degree in Digital Marketing and a background in content writing and SEO. In addition to her marketing and writing skills, Ida also has an interest in cryptocurrencies and blockchain networks.
Be it from PC, mobile, or tablet – all you need is a steady internet connection! You can access your account and trade the global markets via the popular MetaTrader platforms. I am a big fan of these trading platforms and have used them for many years. They can do everything from complex market analysis to manual and automated trading. I think they are the ideal platform for beginners whilst they have plenty of features and functionality to satisfy the needs of even the most demanding of traders. You can choose which platform best suits your trading personality and tap into the global financial markets.
FxPro vs. HF Markets
Additionally, clients funds are protected by the British Financial Services Compensation Schemes as well as the Cypriot Investors Compensation Fund. Take Profit, Stop Loss and Limit Buy/Sell are part of the robust risk management systems available to Amana Capital members. Apart from a basic Economic Calendar, there is no real market analysis to speak of. It is designed to help traders analyse and understand their trading habits. The Risk Pulse dashboard displays information about trading performance, calculated predictions of future results, and solutions to enhance trading performance.