Forex amana Broker Review

Performance Matrix

Main Score & Risk Matrix

#764

Score

6.8

Average

amana is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

License 7.0

Business 6.3

Risk Control 6.6

Software 7.3

Regulatory 6.8

Terminal Snapshot

amana Trading Conditions

Registered Region United Arab Emirates

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@amana.app

Contact Number +97142769525

Website amana.app

Balanced Review

Pros & Cons

Pros

Regulated by CYSEC, DFSA, and CMA
Diverse trading instruments including forex, commodities, and cryptocurrencies
Supports popular platforms: MetaTrader 4 and MetaTrader 5
Customer support available 24/5 via multiple channels
Competitive trading conditions with commission-free trades

Cons

Not regulated in major jurisdictions like the US
Limited cryptocurrency pairs available
Potential issues with fund withdrawal reported by users
Accounts with limited features for beginners
Lack of comprehensive educational resources

Compliance Desk

Regulatory Licenses

9.2/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	amana	GTCFX	APM Capital	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	United Arab Emirates	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	6.8/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does amana Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginners and casual traders	Accessible for low capital, user-friendly platform	Designed for those new to trading, no specific trading volume requirements
Professional Account	Experienced traders	Higher leverage, tailored services	Requires certain trading volume qualifications
Islamic Account	Traders seeking compliance with Sharia law	Swap-free trading options	Available upon request, must adhere to Islamic finance principles
Demo Account	All traders	Practice trading with virtual funds	Ideal for testing strategies without financial risk

Account Opening Process

To open an account with amana, traders must follow several steps. Initially, they will need to submit personal information, including their full name, address, and contact details. Next, employment and financial information will be required to assess the trader’s financial background. Additionally, identity verification is necessary, which involves providing valid identification and proof of address. This process ensures compliance with regulatory standards. Amana also offers account flexibility, allowing traders to upgrade to a professional account later if they meet the necessary criteria.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	$0	Tight spreads for major currency pairs
CFDs (Stocks)	Varies	$0	Commission-free trading on stocks
CFDs (Indices)	Varies	$0	Commission-free trading on indices
CFDs (Commodities)	Varies	$0	Commission-free trading on commodities
Cryptocurrencies	Varies	$0	Commission-free trading available

Other Fees

Additional fees that may apply include deposit and withdrawal fees, which can vary based on the payment method used. Amana generally does not impose inactivity fees; however, traders should be aware of any potential overnight interest (swap rates) associated with holding positions overnight. Currency conversion fees may also apply when trading in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

amana is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

amana User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

20%

3 star

60%

2 star

12%

1 star

4%

Mingyu

United Arab Emirates

★ ★ ★ ★ ★

I’ve been using the Amana app for trading and it’s pretty solid. Love that I can trade stocks and crypto without commission. The app is straightforward and being regulated by several authorities gives me peace of mind. Just be careful with the leveraged trading options, especially in crypto—it’s super volatile!

Sutii

United Arab Emirates

★ ★ ★ ★ ★

Amana Capital is an impressive platform. What stood out to me initially was the speed at which my orders were executed – it’s efficient and reliable. I appreciate the transparency and forthright nature of the company as well, it really puts me at ease when trading. Also, the support staff deserve a shout out for their dedication and assistance. Whenever I’ve had questions or needed help, they’ve been there, providing thorough and helpful answers. All in all, my trading with Amana Capital has been a positive one so far and I look forward to seeing it continue in this vein.

Eliza8558

Taiwan

★ ★ ★ ★ ★

I have successfully withdrawn twice before, but now I see many complaints against this broker. I am worried about my funds. The customer service has been slow to respond to my latest queries about withdrawal procedures, which is concerning.

FX3524007946

Hong Kong

★ ★ ★ ★ ★

The official website cannot be opened using multiple browsers, which raises red flags about its legitimacy. I had issues with withdrawing my funds, and the customer service has been unhelpful. I feel trapped and am considering reporting them.

United Arab Emirates Market