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Amana Capital

WikiFX | 2025-05-29 17:41

Abstract: Based in the United Arab Emirates, Amana is an online trading platform, offering 6,000+ tradable products, including Forex, Commodities, Stocks, Cryptocurrencies, ETFs, Indices, and Metals. It claims to offer leverage up to 1:100 and a spread 70% lower. This company holds multiple licenses from various authorities, while most of the licenses are effective, some of the licenses are revoked, exceeded, or suspected to be a fake clone.

amana Review Summary
Founded2021
Registered Country/RegionUnited Arab Emirates
RegulationDFSA, CMA, LFSA, BDL (Revoked), SCA (Exceeded), CYSEC/FCA (Suspicious Clone)
Market Instruments6,000+, Forex, Commodities, Stocks, Cryptocurrencies, ETFs, Indices, Metals
Demo Account/
LeverageUp to 1:100
Spread70% Lower Spread
Trading Platformamana App, amana Web, MT4, MT5
Minimum Deposit/
Customer SupportLive chat
Email: support@amana.app
Social Media: Facebook, Twitter, Instagram, YouTube, LinkedIn, TikTok, Messenger, Telegram, WhatsApp

amana Information

Based in the United Arab Emirates, Amana is an online trading platform, offering 6,000+ tradable products, including Forex, Commodities, Stocks, Cryptocurrencies, ETFs, Indices, and Metals. It claims to offer leverage up to 1:100 and a spread 70% lower. This company holds multiple licenses from various authorities, while most of the licenses are effective, some of the licenses are revoked, exceeded, or suspected to be a fake clone.

amana's homepage

Pros and Cons

ProsCons
Various market offeringsSome licenses are exceeded, revoked or suspected to be a fake clone
No commissions
MT4 and MT5 supported
Three account types
Various payment methods
Live chat support

Is amana Legit?

amana operates under various regulatory frameworks across different jurisdictions. However, when it comes to regulatory status, while most entities are regulated, some have had their licenses revoked or are flagged as “Suspicious Clone” by certain authorities.

Regulated CountryRegulated AuthorityRegulatory Status Regulated EntityLicense TypeLicense Number
Dubai
Dubai Financial Services Authority (DFSA)RegulatedAmana Financial Services (Dubai) LimitedRetail Forex LicenseF003269
CMA
Capital Markets Authority LEBANON (CMA)RegulatedAmana Capital SALRetail Forex License26
BDL
BANQUE DU LIBAN (BDL)RevokedAmana Capital S.A.L.Financial Service60
LFSA
Labuan Financial Services Authority (LFSA)RegulatedAFS Global LimitedStraight Through Processing (STP)MB/18/0025
SCA
Securities and Commodities Authority (SCA)ExceededAmana Mena Promotional Services L.L.CInvestment Advisory License20200000255
CySEC
Cyprus Securities and Exchange Commission (CySEC)Suspicious CloneAmana Capital LtdMarket Maker (MM)155/11
FCA
Financial Conduct Authority (FCA)Suspicious CloneAmana Financial Services UK LimitedStraight Through Processing (STP)605070
Regulated by DFSA
Regulated by CMA
Revoked BDL license
Regulated by LFSA
Exceeded SCA license
Suspicious clone CySEC license
Suspicious clone FCA license
Domain information

What Can I Trade on amana?

amana asserts to offer over 6,000 types of market instruments, including Forex, Commodities, Stocks, Cryptocurrencies, ETFs, Indices, and Metals.

Trading AssetAvailable
forex✔
metals✔
commodities✔
indices✔
stocks ✔
cryptocurrencies✔
ETFs✔
bonds❌
options❌
funds❌
What Can I Trade on amana?

Account Type

There are three types of car available on this platform, Meta Trader 4 (Hedged), Meta Trader 5 (Hedged), and Meta Trader 5 (Netting), each comes with different trading conditions.

Account TypeMetaTrader 4 (Hedged)MetaTrader 5 (Hedged)MetaTrader 5 (Netting)
Trading Assets100+ assets3,700+ assets3,700+ assets
Expert Advisors for automated trading✔✔✔
Advanced indicators and analysis tools✔✔✔
Multi chart support✔❌❌
One-click trading❌✔✔
Ticket-based trading✔✔✔
MENA exchange-traded stocks❌✔✔
US exchange-traded stocks❌❌❌
Fractional trading❌❌❌
Net-based positions❌❌✔
Account comparison

Leverage

Amana offers distinct leverages based on the asset class. 1:100 is the maximum leverage on this platform. Traders can contact the customer support team to request more leverage.

Asset ClassesStandard LeverageHigh Leverage
Major Forex25x100x
Minor Forex20x
Gold
Silver10x
Index Future Derivatives20x
Energy Futures Derivatives10x50x
Commodity Futures Derivatives25x
Spot Index Derivatives20x20x
Spot Energy Derivatives10x50x
Leverage

Fees

The spread on this platform is committed to being 70% lower. According to amana, traders are allowed to enjoy commission-free on all assets.

Trading conditions

However, amana charges overnight financing fees on US Stock Derivatives (OTC), US ETFs derivatives, Regional stock Derivatives, Leveraged crypto, Forex Derivatives (OTC), International Stock derivatives (OTC), and Spot market derivatives (OTC).

Plus, amana charges a clearing fee on Regional stocks (exchange traded/OTC) and Regional stock derivatives (OTC).

Charges and fees

Trading Platform

Traders on this platform get access to amana App, which is an all-in-one trading app that grants access to 5,500+ commission-free assets across global and regional markets. From stocks, cryptocurrencies, forex, metals, and indices to ETFs, commodities, and more.

In the meantime, amana also provides access to MT4 and MT5, which are popular trading platforms widely used for forex, CFDs, and other financial markets trading.

  • MT4 is simpler and highly popular for forex trading.
  • MT5 offers more advanced features, supports more markets, and is more flexible for algorithmic trading.
Trading PlatformSupported Available Devices Suitable for
amana App✔Desktop, Mobile, Web/
MT5✔Desktop, Mobile, WebExperienced traders
MT4✔Desktop, Mobile, WebBeginners
amana App
amanaWeb
MT4/5

Deposit and Withdrawal

These are the payment options available on this platform: Visa, Mastercard, amana Prepaid Card, Apple Pay, Wire Transfer, UAE instant banking, Neteller, Whish Money (Lebanon), Skrill, and digital currencies.

Amana claims that traders can enjoy zero fees on all card deposits and withdrawals.

Payment options
LeverageBrokerCommissionCurrency PairDealerForex tradingForex BrokerForex Currency pairleverage in forexforex pipsforex marketStock CryptocurrencyBitcoinEthereumCFDscommoditiesdemo accountsMT4MT5

Related broker

Regulated
amana
Company name:Amana Capital Ltd
Score
6.79
Website:https://amana.app/
5-10 years | Regulated in Cyprus | Regulated in United Arab Emirates | Regulated in Lebanon
Score
6.79

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