Amana Capital Review – What to expect from the broker

Amana Capital is a CFD broker that is licensed in Europe by the CySEC and is in the register of several European financial institutions. Amana Capital allows investors to trade Forex, futures CFDs, Stock CFDs, Spot metals (gold and silver) and energies (WTI and Brent crude oil). The minimum spread is for EUR/USD 1.4 pips*, there is no minimum or maximum amount for deposits via Debit/Credit card.

What do we cover in our Amana Capital Review?


General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Basic information about the broker

  • Website address: www.amanacapital.com.cy
  • Leverage: up to 1:30
  • Instruments: CFDs – Forex, futures, Stock, Spot metals (gold and silver) and energies (WTI and Brent crude oil)
  • Minimum deposit: $0
  • Demo account: Yes, free of charge
  • Methods of deposit and withdrawal: Bank Wires, Credit/Debit Cards, Neteller and Skrill

Amana Capital Trading Platform

For FX and CFD trading, Amana Capital offers MT4 as well as MT4. These two industry-leading trading platforms offer a great place not only for executing trades but also for analyzing financial markets and automated trading. MT4 and MT5 can be downloaded from the website of the broker to any computer or can be accessed via just a web browser or a mobile application.

Amana Capital Spreads

As any other CFD broker, Amana Capital charges a spread fee. For the most current spread charges, please visit the amanacapital.com.cy website. Here is a spread comparison table that contrasts Amana Capital spreads with popular industry competitors.


Asset EUR/USD USD/JPY GBP/USD AUD/USD
Amana Capital* 1.4 2.0 1.9 2.0
Plus500** 0.6 0.7 1.1 0.6
IQOption** 1.2 0.9 1.5 1.6

*Minimum spreads recorded on 01.06.2019 at 12:30 GMT, data were taken from the website of the broker for the Amana classic account. **Spreads recorded on 26.09.2019 at 11:26 GMT from the trading platform of the broker.

To sum up the Amana Capital Review

Amana Capital is authorized and regulated by the Cyprus Securities and Exchange Commission – CySEC (CIF License number 155/11). The broker offers decent spreads on most assets and features a free demo account for practice trading. The amount of available CFDs is not particularly attractive, there are unfortunately available CFDs on only 4 commodities and 0 cryptocurrencies.

Your review can make a difference to other traders, please leave a comment if you have any personal experience with Amana Capital.



Michael

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