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. Amana Capital offers a single trading account, which is suitable for beginner traders, but it also offers an Active Trader Programme and Elite Account for more experienced traders. The Amana Capital user interface (UI) is what Amana Capital traders will see and interact with first when trading with the Amana Capital trading platform. The goal of the Amana Capital trading UI is to make the Amana Capital user’s experience intuitive. The Amana Capital application has good user experience and a good level of customer satisfaction.
Amana Desktop MetaTrader 4 Platform
While the LFSA’s rules are not as strict as those of the FCA or CySEC, it does allow Amana Capital to provide its clients with higher leverage. Amana Capital client‘s funds are kept seperated from the company’s funds in trusted banks, and clients are covered by the Financial Services compensation Scheme (FSCS) up to £85,000. The broker does not accept clients from the US and other countries such as Australia, where it is vital for brokers to be registered with the respective regulatory organizations such as the CFTC, the NFA, and the ASIC amana capital review for operating in the country. Every broker we recommend meets strict trust and safety criteria and is tested for reliability, transparency, and overall trading experience. The swap fee is credited or debited once for each day of the week, at midnight server time, when a position is rolled over, with the exception of Wednesday for spot Forex, WTI, & Brent oil, when it is credited or debited 3 times.
To be honest, I think everyone should get access to the same trading conditions and features regardless of their investment size, but that’s just my humble opinion. Beginners will find Amana Capital’s education section comprehensive and detailed, but it offers virtually no market analysis. Other disadvantages are a largely unresponsive customer support service, and substantial fees for deposits and withdrawals. Online trading platforms like Amana Capital are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with Amana Capital.
Service
- A VPS enables traders to host their trading systems on a virtual server thus reducing latency and ensuring reliable connections even if their trading platforms are not running on their own machines.
- Amana Capital provides the MAM software and the master account from which the manager allocates trades and trade several accounts simultaneously from the master account.
- Overall, Amana Capital is a stable, client-focused broker with a solid foundation and clear commitment to transparency and regulated trading.
- Amana Capital allow traders to trade financial markets on iOS, Android supported mobile devices.
Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Then another page will pop up, which requires more specific info like employment details, trading experience, financial worth, etc.
Amana Capital Withdrawal
Additionally, Amana provides traders with access to a variety of trading tools, educational resources, and reliable customer support, making it an attractive option for those looking to enter the world of online trading. 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. The Elite account is developed to accommodate the needs of the most sophisticated and demanding traders. You also get access to daily advanced technical studies, calendars, market news, market reports, and analytics tools.
Guide to Forex Trading Regulation
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.
- I think it is excellent for automatically finding customised signals that meet your own objectives.
- Amana Capital supports both the MT4 and MT5 trading platforms, and traders have access to some of the best trading tools in the industry, including Autochartist, Trade Captain, Zulutrade, and a VPS hosting service.
- Regulation provides a level of security and protection for traders, as it requires the platform to adhere to specific rules and guidelines designed to safeguard the interests of market participants.
- It is a well-regulated brokerage company that prioritizes rookie traders.
Webinars are also scheduled on the website for clients of various experience levels. I think they could improve by doing these more frequently and providing them in more languages. This is an intelligent tool used to analyse the trading data of a client. RiskPulse has a smart dashboard that shows the trading performance, calculated predictions and ideas to improve the client’s performance.
With the MetaTrader 5 platform, you are able to trade in centralized and decentralized markets such as currencies, stocks, commodities, cryptocurrencies, and others. It is common for brokers from the Middle East to stipulate higher capital requirements for traders, particularly for those brokers that are looking to tap into the wealthy clientele of the oil-rich nations. Regardless, Amana Capital does not have any such minimum deposit requirements, as traders can open an account with any amount of trading capital that they prefer. Although there aren’t any minimum deposit requirements, the broker does recommend a minimum of $300, but it is up to the trader to choose the beginning balance according to their risk appetite. The screenshot of the MetaTrader 4 (MT4) platform features a dynamic user interface, equipped with multiple essential components for trading.
Research Tools Amana
The “Market Watch” window displays a list of the most traded currency pairs, showcasing market liquidity with real-time bid and ask prices. Concurrently, the EUR/USD candlestick chart offers a crisp visualization of market fluctuations over a one-hour period, accentuating bullish trends with green candles. In line with Anti-Money Laundering policies, Amana Capital does not accept payments from third parties and only accepts funds received directly from the named trading account holder.
Overall, although Amana Capital only offers the Metatrader suite of platforms, which are not as beginner-friendly as the proprietary platforms offered at other brokers, MT4 and MT5 are considered some of the best third-party platforms in the industry. Alison Heyerdahl is the Head of Content at FxScouts and a financial writer with extensive experience in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast to help traders make informed, safe decisions. Account opening, deposits, and withdrawals are also smooth and fast on Amana Capital. We recommend traders to use credit cards for deposits and withdrawals as the fees with this are the lowest.
Amana Capital is a very accessible trading platform but you must take the time to be able to effective use the trading tools and financial instruments Amana Capital give you access too. Trading Forex, CFD, Options, and other financial instruments carry a high risk of loss and are not suitable for all investors. 77-85% of retail investor accounts lose money when trading CFDs with the providers presented on this site. The information and videos are not investment recommendations and serve to clarify the market mechanisms. For investors trading with Amana Capital, there are different trading platforms and tools that can be applied.
For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency. An account is a fee that Amana Capital and other brokers assesses on all accounts for the ability to keep an account on their platform. This tool works best in conjunction with another tool called “Autochartist.” Its functionality works by real-time scanning and charting and sends notifications to the traders if signals and favorable opportunities arise. With Autochartist, you can also get significant market updates and an economic calendar.