Amana Capital has partnered with them to bring ZuluTrade to its clients so they can share trading strategies. After registration, an interested client can request for ZuluTrade account by filling the form on the relevant page of the Amana Capital website. Investors can choose to follow any provider and automatically replicate his trades in his own account. The signal providers earn a commission from any profits made by their followers.
The company has achieved a strong presence in the Middle East through the years. Today, it has a global position and plans on growing its outreach in the European and Asian markets. Additionally, the swap rate applied on positions maintained overnight should be taken into consideration.
- It also features a user-friendly interface that allows traders to view their orders, trades, and accounts, all the while keeping track of the latest market updates.
- Each night that a position is held results in interest being paid (or earned).
- More experienced traders, on the other hand, might benefit from greater minimum deposits by accessing lower spreads in exchange for a little commission each lot traded.
- The minimum deposit required in $25,000 and account holders are expected to trade at least $100 million worth of trades every month.
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. Traders should also keep in mind the overnight policy which applies in case the trading order is held longer than a day. Rollover fee, swap, or overnight fee will be applicable to the position.
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Such leveraged products magnify a trader’s potential profit – but of course, also increase the potential loss. You can qualify for this account if you trade with a minimum of $ and a volume of $100 per calendar month. The Group’s vision is to be a first-tier leader in delivering innovative financial services, in anticipation of the market’s needs. Amana Capital provides trading on a variety of assets, including forex, energy, cryptocurrencies, indexes, commodities, metals, and stocks, among other things.
The Amana Active Account requires a minimum deposit of 25,000 USD and spreads tighten to 0.1 pips on the EUR/USD in exchange for a commission of 3 USD per lot traded, which is highly competitive. Trading costs improve further on the Elite Account, but this requires a minimum deposit of 250,000 USD. The MT4 trading platform is one of the market standard platforms for forex traders and brokers around the world. It is a user-friendly platform which makes it a great option for beginners, yet it has enough capabilities that make it a viable option for professional traders. MT4 is replete with tools for efficient trading and detailed markets analysis. It also supports automated trading through the use of expert advisors (EAs).
Chris joined the company in 2019 after ten years experience in research, editorial and design for political and financial publications. His background has given him a deep knowledge of international financial markets and the geopolitics that affects them. Chris has a keen eye for editing and a voracious appetite for financial and political current affairs. He ensures that our content across all sites meets the standards of quality and transparency that our readers expect.
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Equally, the MT4 platform is offered to those who prefer to stay there, along with a range of versions and MultiTerminal features. 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. Such a bonus is but a way to compensate traders for choosing a certain broker since once the account is opened, the trader will have the same expenses as any other. Leverage can magnify gains, but you should always remember that losses can also exceed your deposits, therefore you should choose to leverage accurately and always consider necessary risks. The account types, Amana Mini MT5, Amana Basic MT5 and MT4, Amana Elite MT5 Accounts, along with the demo account are all designed with the competitive spreads. CFD trades on other markets have no commission but do wrap a spread around the market price of a certain instrument.
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The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.
Our verdict on Amana Capital
When choosing the account type, you are able to utilize it once you will open an Amana Capital account. It will be dependent on your level of experience and what you want to trade. If you want to only trade in foreign exchange or CFDs, you can opt for the Amana Classic. For more experienced and sophisticated ones, you can select between Amana Elite or Amana Active. With Autochartist, you can also get significant market updates and an economic calendar. The MT5 platform is more robust and complicated and might be a little confusing for a novice trader.
It has designed an updated UX-driven application that includes all features and tools you need. 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. Traders can rest assured that funds are kept separate from the brokers’ funds along with their protection by the schemes in case of insolvency, robust risk control and regular audits. This includes financial requirements and international standards that include investor protection, operational standards, and risk management systems governed by the respective legislations. The MT5 platform is available for trading on different devices for Web use, PC, Mobile devices, and Tablets.
Amana Capital is multi-regulated Forex and CFD broker that offers a good selection of more than 800+ assets for trading online via the sophisticated MetaTrader (MT4 & MT5) platforms. You can get access to some decent trading conditions including low spreads and commission fees along with rapid trade execution speeds with minimal slippage. They have everything you need if you are looking to trade on all of your devices from one trading account.
ZuluTrade is a solution for those of you who want to choose from thousands of other traders in order to replicate their trades. MAM accounts can also be useful to some investors and money managers who are looking for a way to manage multiple accounts with relative ease. The award winning Autochartist is a fantastic tool that can assist with in-depth market analysis so you can find trading signals and make informed decisions. Traders must download the trading platform and log in using the provided account information in order to access the Amana Capital demo account. It offers virtual funds for traders to practice trading and develop expertise in a live trading environment.
Overall, Amana Capital’s trading fees are higher than the industry average, coming in at 14 USD per lot traded on average. The trading expenses for the EUR/USD at other reputable brokers are typically approximately 9 USD for each lot of currency exchanged. While MT4 and MT5 are both excellent trading platforms, many other CFD brokers also offer their own web-based platforms, which tend to be easier to use for beginner traders. Additionally, there are thousands of plugins and tools available for the MetaTrader platforms.
The company came into existence in Beirut, Lebanon, in 2010, led by CEO Ahmad Khatib. Since then, the company has steadily risen in momentum and acclaim in the financial world. They have a reach of over eighty countries and have offices in amana capital broker London, Dubai, Cyprus, Beirut, Labuan, Mauritius, and Sri Lanka. Amana Capital’s current owners are private investors who have different businesses all over the world. Capital Guidance and Manara Capital functions as their representatives.