amana
Pros and 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
Basic Information
User Reviews
amana Overview
Amana Capital Ltd, commonly known as amana, is a forex broker established in the United Arab Emirates and has been operating for approximately 5 to 10 years. The broker is committed to providing a regulated trading environment, holding licenses that are critical for establishing trust and credibility within the financial trading industry. The regulatory oversight ensures that the broker adheres to established financial standards, offering traders a sense of security as they engage in online trading activities.
Amana offers a diverse range of trading instruments, including forex, commodities, and cryptocurrencies, catering to various trading preferences. The broker supports popular trading platforms such as MetaTrader 4 and MetaTrader 5, which are known for their robust features and user-friendly interfaces. Amana provides customer support through multiple channels, ensuring traders can receive assistance when needed. With a focus on competitive trading conditions, the broker aims to create a favorable trading environment for both novice and experienced traders alike, making it a noteworthy option in the forex market.
Is amana Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Cyprus Securities and Exchange Commission (CYSEC) | Cyprus | Segregated Funds |
| Dubai Financial Services Authority (DFSA) | United Arab Emirates | Segregated Funds |
| Capital Markets Authority (CMA) | Lebanon | Segregated Funds |
Is amana Regulated and How Are Client Funds Protected?
Amana Capital Ltd is a regulated forex broker, holding licenses from several recognized financial authorities, including the Cyprus Securities and Exchange Commission (CYSEC), the Dubai Financial Services Authority (DFSA), and the Capital Markets Authority (CMA) in Lebanon. This regulatory status contributes to the broker’s legitimacy and provides traders with a sense of safety when engaging in trading activities.
Client funds are protected through measures such as segregated accounts, which ensure that traders’ funds are kept separate from the broker’s operating funds. This practice enhances security, as it minimizes the risk of fund misuse. Furthermore, the regulatory oversight requires compliance with established financial standards, which contributes to a trustworthy trading environment.
Trading Products and Services
What Trading Instruments Does amana Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs (e.g., EUR/USD, GBP/JPY) | Varies |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US (e.g., Apple, Tesla), UK (e.g., BP, Vodafone) | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
Amana provides a diverse selection of trading instruments across multiple asset categories, including forex, commodities, indices, stocks, and cryptocurrencies. This wide range of products caters to different trading styles and preferences, making it suitable for various types of traders—whether they are beginners seeking to explore the markets or experienced professionals looking for advanced trading options. By supporting multiple asset categories, amana enables traders to diversify their portfolios, which can lead to more flexible trading strategies and risk management. Overall, the broker’s commitment to offering a comprehensive suite of financial products enhances its value in the competitive trading landscape.
Account Types and Trading Conditions
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.
Trading Platforms and Apps
What Trading Platforms and Apps Does amana Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 4 (MT4) | Windows, macOS, iOS, Android | Login security (encryption), multiple order types, technical indicators | Demo account, VPS |
| MetaTrader 5 (MT5) | Windows, macOS, iOS, Android | Login security (encryption), advanced charting tools, economic calendar | Demo account, VPS |
| Web Version | Any device with internet access | Market search, price alerts, one-click trading | None |
| Mobile App | iOS, Android | Login security (biometrics), price alerts, push notifications | Demo account |
Amana offers a variety of trading platforms suited to different trader needs. MetaTrader 4 is favored by beginners for its simplicity, while MetaTrader 5 provides advanced features for more experienced traders. The mobile app supports convenient trading on-the-go, ensuring traders can manage their accounts anytime. All platforms incorporate secure login measures, fast order execution, real-time alerts, and efficient market search tools. Together, these platforms create a comprehensive trading environment that caters to various preferences and trading styles.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min 100, Max 10,000 | USD, EUR, AED |
| Credit/Debit Card | Instant | No platform fee | Min 50, Max 20,000 | USD, EUR |
| e-Wallet (e.g., PayPal, Skrill) | Instant | 1.5% fee | Min 50, Max 10,000 | USD, EUR |
| Cryptocurrency | Instant | No platform fee | Min 50, Max 5,000 | BTC, ETH |
Minimum Deposit
The minimum deposit requirement at amana is typically set at $50. However, this amount may vary based on the payment method selected and the account type being opened.
How to Withdraw
- Log in to your amana trading account.
- Navigate to the ‘Withdrawal’ section.
- Select your preferred withdrawal method from the available options.
- Enter the withdrawal amount and any required payment details.
- Confirm the withdrawal request.
- Monitor your account for the processing of your withdrawal, which may take up to 5 days depending on the method chosen.
Customer Support
amana Customer Support Overview
Support Channels
Amana offers multiple contact methods for customer support, ensuring that traders can easily seek help when needed. The main support channels include:
- Email: Traders can reach out via support@amana.app for any inquiries or assistance.
- Live Chat: A live chat feature is available on their website, providing instant support for urgent questions.
- Telephone: Customers can contact support at +971 42769525 for direct assistance.
- Social Media: Amana maintains an active presence on platforms such as Facebook and X (Twitter), where they provide updates and can respond to queries.
Service Availability
Amana’s customer support is available 24/5, ensuring that traders can receive assistance during trading hours. The support team is also multilingual, providing services in various languages to accommodate a diverse clientele.
Additional Resources
In addition to direct support, Amana provides educational resources such as video tutorials and market analysis. These resources help traders enhance their knowledge and trading skills, further supporting their trading journey.
Frequently Asked Questions
Yes, amana is a regulated forex broker, holding licenses from the Cyprus Securities and Exchange Commission (CYSEC), the Dubai Financial Services Authority (DFSA), and the Capital Markets Authority (CMA) in Lebanon. Client funds are protected through measures such as segregated accounts, ensuring that traders’ funds are kept separate from the broker’s operating funds, which minimizes the risk of fund misuse.
Amana offers a diverse range of trading instruments across multiple asset categories, including forex, commodities, indices, stocks, and cryptocurrencies. This variety allows traders to cater to different trading styles and preferences, facilitating portfolio diversification.
Amana offers several account types, including a Retail Account for beginners, a Professional Account for experienced traders, an Islamic Account compliant with Sharia law, and a Demo Account for practice without financial risk. Each account type is designed to meet the needs of different trader profiles.
Amana provides multiple customer support channels, including email at support@amana.app, live chat on their website, and telephone support at +971 42769525. Their customer support is available 24/5 and is multilingual to assist a diverse clientele.
Best United Arab Emirates Forex Brokers & Reviews (2026)
Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.
