User Reviews
More
User comment
0
CommentsWrite a review
No comment yet
Suspicious Clone
Score
1.47 /10
Danger
Amana Capital
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index6.68
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
Check whenever you want
Download App for complete information
Warning: Low score, please stay away!
5
Previous Detection :
2024-12-29
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The CyprusCYSEC regulation (license number: 155/11) claimed by this broker is suspected to be clone. Please be aware of the risk!
WikiFX Verification
| Amana CapitalReview Summary | |
| Founded | 2018-07-06 |
| Registered Country/Region | Cyprus |
| Regulation | Suspicious clone |
| Market Instruments | Forex/Indices/Precious metals/Energies/Commodities/Shares CFDs/Cryptocurrencies |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | As low as 0.4 pips (EURUSD on forex is 0.1 pips) |
| Trading Platform | MT4/MT5 (Mac/PC(Web/Multi Terminal)/Tablet/Mobile(iOS/Android)) |
| Min Deposit | 0 |
| Customer Support | Live chat |
| Facebook/Twitter/LinkedIn/YouTube | |
Amana Capital Information
Amana Capital is a broker that provides 360+ instruments including forex, indices, precious metals, energies, commodities, shares CFDs, and cryptocurrencies. The broker also provides accounts with a leverage of 1:500. The minimum spread is as low as 0.4 pips (EURUSD on forex is 0.1 pips) and accounts for trading Forex & CFDs deposits of $50. Amana Capital is still risky due to its suspicious clone status.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:500 | Suspicious Clone |
| 24/5 customer support | Unspecific transfer time and fee information |
| Spread as low as 0.4 pips (EURUSD on forex is 0.1 pips) | |
| Demo account available | |
| Various tradable instruments | |
| MT4/MT5 available |
Is Amana Capital Legit?
Amana Capital is regulated by CSEC, LFSA, CMAL, and DFSA, whose license numbers are 155/11, MB/18/0025, 26, and F003269. The current status is 'suspicious clone'.
What Can I Trade on Amana Capital?
Amana Capital offers a wide range of market instruments, including forex, indices, precious metals, energies, commodities, shares CFDs, and cryptocurrencies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Precious Metals | ✔ |
| Shares CFDs | ✔ |
| Energies | ✔ |
| Cryptocurrencies | ✔ |
| Stocks | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
Amana Capital accounts for Trader Forex & CFDs, Active Trader, Elite Services, and Shares Trading. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.
| Account Type | Trade Forex & CFDs | Active Traders | Elite Services | Shares Trading |
| Spreads | As low as 1.4 pips | - | - | - |
| Initial Deposit | $50 | - | - | - |
| Maximum Leverage | Up to 1:500 | - | - | - |
| Stop Out Level | 20% | - | - | 20% |
| Commission | From 0 | - | - | - |
| Minimum funding | - | $250000 | $250000 | - |
Amana Capital Fees
The spread is as low as 0.4 pips(EURUSD on forex is 0.1 pips) and the commission is from 0. The lower the spread, the faster the liquidity.
Leverage
The account that trades Forex & CFDs provides a maximum leverage of 1:500 meaning that profits and losses are magnified 500 times.
Trading Platform
Amana Capital cooperates with the authoritative MT4 and MT5 trading platforms available in Mac, PC, Tablet, and Mobile to trade. Junior traders prefer MT4 over MT5. Traders with rich experience are more suitable for using MT5. MT4 and MT5 not only provide various trading strategies but also implement EA systems.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Mac/PC/Tablet/Mobile | Junior traders |
| MT5 | ✔ | Mac/PC/Tablet/Mobile | Experienced traders |
Deposit and Withdrawal
The minimum deposit is 0. Amana Capital accepts UnionPay, Bank, Visa, Mastercard, Skrill, and Neteller for deposit and withdrawal. However, transfer processing times and associated fees are unknown.
start to write first comment