Amana Capital Review: Reliable Broker for Successful Trading

In conclusion, Amana Capital is a well-regulated broker that offers a wide range of trading instruments and platforms to meet the needs of traders of all levels. Traders also benefit from competitive spreads, flexible leverage, and the availability of mini and macro lots. Trading across multiple trading platforms including MetaTrader4 for Android and iOS smartphones, Mac and personal computers.

Several platforms offer commission-free trading, but some require a minimum fee for opening an account. When funding your Plus500 account there may be some Plus500 deposit fees which will vary depending on the payment method you use to deposit to your live Plus500 trading account. This tool is free for “active trader” accounts and is very useful for advanced traders that have to operate around-the-clock trading systems on a virtual server. It will decrease latency and guaranteeing dependable connections even when their platforms are not functioning on their machines.

• It is available for Android and iOS devices and can be downloaded for free from the respective app stores.
• However, we do think the quite substantial deposit fees and processing times for some funding methods are a disadvantage.
• Ultimately, this analysis tool is a great way for clients to reflect on their performance and our tests found it to work effectively in place of our usual trading journal.

Whatever trading strategy you can imagine, chances are it can be built in this powerful yet easy to use platform. The majority of their offerings can be traded without paying a commission. You can test it out using the company’s demo account, which is available online. There is no minimum deposit requirement and the company offers great customer support available through various platforms.

FP Markets

This includes wire transfers, bank cards issued by Visa, Mastercard and Maestro and e-wallets such as Neteller and Skrill. UK customers also have the option to use the Fast Bank Transfer service, which is less expensive than the normal bank transfer solutions. No, the UK branch of Amana Capital does not offer any promotional schemes, so UK traders cannot benefit from offers such as a no-deposit or welcome bonus. Instead, you can make use of the broker’s extra features, such as the VPS and Autochartist. Yet while Amana’s offering is very good, we do feel it is missing features for up-to-date market analysis such as a news feed or blog. These would be welcome additions and help Amana Capital compete with top brokers.

I like how it is always up to date so that you can be sure you are running the latest version. If Amana Capital’s website itself does not provide enough means, a trader should explore other informative websites and means to obtain that knowledge. Hosting your trading systems on Amana’s VPS will enable you to reach the best results without worrying about technical interruptions, downtime, connection failures, system errors, power cuts, and much more.

This is because when trading a USD quoted currency pair with a GBP account, there will be a small conversion fee for every trade made. Amana Capital offers a limited number of base (trading amana capital review account) currencies compared to other similar brokers. UK residents will be trading under the subsidiary, Amana Financial Services UK Ltd, licensed by the Financial Conduct Authority (FCA).

You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time. Once you have opened an Amana Capital account, you have the option to also create a ZuluTrade account by putting in your information on the ZuluTrade web form, which will be sent to them once you finish. The ZuluTrade network has many traders throughout the world that also serve as signal providers. Similar to social media, you can follow a particular trader and duplicate his trades on your account. The provider will then get a commission once a follower earns a profit.

Cost and Fees, Commissions and Spreads

The DFSA is the financial regulatory agency of the special economic zone, the Dubai International Financial Centre (DIFC). Due to these regulations, the Amana group enables safe trading conditions with a strategic focus on providing a safe and reliable trading environment for clients. The company complies with its trading service according to the strict regulatory requirements set by world-leading authorities like FCA, Dubai DFSA, CMA, and CySEC. The trading of gold and other precious metals involves hard commodities that are contract-based tradable goods. Amana Capital MT4 WebTrader allows you to start trading online from your browser without having to download any platform. The decision about which platform to choose will depend on what a client would like to trade, therefore it will be one of the criteria when choosing a broker too.

After reading this review, you will be judging for yourself if it is the best trading platform for you or not. The broker also offers trading signals via Autochartist and TradeCaptain, each offering advanced daily updates, insights and analytics. There’s also RiskPulse, a free intelligent data analytics tool that provides detailed analysis of trading performance, predictions, and scientific solutions.

Platforms

This makes it a powerful instrument in prediction approximate price targets. Finally, we were glad to see Amana offers a halal Islamic account that will accommodate Muslim traders by replacing the interest charged in overnight swap fees with a competitive flat fee. On the positive side, we were happy to see there are no inactivity fees, meaning you will not be charged if you do not open any trades or deposit funds for an extended period. Amana Capital is best for seasoned traders who qualify for Active or Elite accounts, which offer ultra-tight spreads and access to useful extras like a VPS. We were also pleased to see that the broker is regulated by the FCA in the UK, a promising sign that the firm is trustworthy. In addition to the desktop applications, Amana Capital also offers MT4 and MT5 WebTrader, which are the browser-based version of the platforms, along with mobile and tablet versions of both iterations.

MT5 or Meta Trader 5

Virtual Private Server (VPS) enriches your trading experience by allowing you to automate your trades in the cloud without the need of staying connected to your trading platform through your device. It offers an economic calendar that features all the major market events you need to be aware of as well as live prices and charts where you can check the latest moves in real-time. Amana Capital offers an Amana Prepaid card which can be issued on request. This special card can also be used to draw profits from ATMs or shops online. It is free of charge but $3 is charged when money is loaded into it and a 1.5% withdrawal fee applies.

A Plus500 payment method is required to fund your Plus500 trading account before placing a buy or sell order on a financial instrument. A Plus500 stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better). The Plus500 stop-limit order triggers a limit order when a stock price hits the stop level. A Plus500 stop-limit order can be helpful when trading if you are unable to watch your trades all day. Apart from the restricted countries a Plus500 trading account can be opened globally.

This type of trading platform has been the prevalent tool in the foreign exchange market throughout the world. It is ideal for novice traders because of its clean and laden user interface. It isn’t exclusively for beginners only, but also more advanced traders. Furthermore, it is still capable enough to provide them with enough trading tools to satisfy their sophisticated trading techniques. Amana Capital clients enjoy an array of trading tools, including the MetaTrader platforms and signals service.

Though a few key withdrawal methods are free, the broker charges fees for most of the methods. Amana is regulated by the respected five local authorities, which are mandatory for every jurisdiction in which the broker operates. As a result, the firm has ensured that its trading services comply with the regulatory standards set by the world’s top authorities, including FCA and CySEC. Based on our research, Amana Capital is a reputable broker that adheres to multiple regulations, providing a safer trading environment for its clients.

The brand also offers other trading tools such as VPS, trading signals, market news, and analysis. Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your trading account. Traders have the option to open a demo or live account on any of the accounts. Amana allows you to stay on track with your trades and quickly place orders anywhere, anytime, by accessing your real or demo account through your mobile or tablet. Based on our analysis, clients at Amana are offered competitive and floating spreads for certain account types and trading instruments, with an average spread of 1.4 pips available for the popular EUR/USD.