About amana
About Amana Capital
Amana Capital Ltd is an online brokerage firm headquartered in the United Arab Emirates, founded in December 2017. The company provides a proprietary trading platform offering access to over 6,000 financial instruments, covering forex, commodities, stocks, cryptocurrencies, ETFs, indices, and metals. With a focus on mobile trading, Amana aims to cater to both novice and experienced traders through its user-friendly interface and educational resources.
Regulatory Status
Amana reports being regulated by three financial authorities: the Cyprus Securities and Exchange Commission (CYSEC, license no. 155/11), the Dubai Financial Services Authority (DFSA, license no. F003269), and the Capital Market Authority of Lebanon (CMA, license no. 26). These licenses are designated as market making and derivatives trading permits. It is important for traders to verify the current status of these licenses, as some may have limitations or changes over time.
Account Types and Trading Conditions
Amana offers a single standard account type with a minimum deposit requirement of $50. The broker advertises leverage of up to 1:100 and claims spreads are 70% lower than industry averages. Commission structures are not specified. The account supports trading on over 360 instruments, and the broker operates as a market maker.
Markets and Instruments
The platform provides access to a diverse range of markets, including forex pairs, commodities (e.g., gold and oil), individual stocks, cryptocurrencies, exchange-traded funds (ETFs), indices, and metals. The broker states that this variety allows traders to build diversified portfolios within a single account.
Deposits and Withdrawals
Details on specific deposit and withdrawal methods are not disclosed by Amana. However, the broker indicates support for fast deposits and withdrawals, including the option to withdraw funds to cryptocurrency. Some user reviews note that deposits can be instant, while withdrawals have been a point of contention with reports of delays.
Customer Support
Amana provides customer support through its platform and claims to offer professional assistance. The broker states that its team is dedicated and helpful, with some users praising specific support representatives. However, responsiveness has been criticized in some user feedback.
Who Is It For?
Amana appears targeted at retail traders looking for a straightforward mobile trading experience with access to a wide range of instruments. The low minimum deposit and high leverage may appeal to beginners, but the market maker model and regulatory concerns suggest that traders should exercise caution and conduct their own due diligence.
Overview compiled by FXCanary from regulatory records and public data. full amana review