Amana Capital Broker Review
Every online broker has something special to say to its potential customers. Before you join their platform, it makes sense that you look into their features to know whether the claims they are making are true or not. Amana Capital claims that you will feel the difference when you start your trading career with this broker. Does the broker really have such unique features that you are going to feel a difference when you sign up on its platform? There is no doubt that this broker has a lot to support its claim. It is one of the best brokers out there not only because of its features but the overall trading experience that it delivers to the new and seasoned traders.
With this Amana Capital broker review, you will know the truth and making the right decision will be easy for you.
Amana Capital as an Online Broker
The first thing you have to know about this broker is that it provides you access to not on specific but a number of financial markets through CFD trading. Rather than buying the asset itself, you can buy the CFDs and trade them in the financial markets by predicting their price movements. You can make money on these trades whether the price goes up or down. Of course, you have to pick the right position in your trade to make profits from your trades. You will be using one platform where you will have access to all the financial markets and dozens of financial instruments.
The one thing that you have to see in the online brokers is that they should be around for some time. If a broker is only a year old, you will not have enough information about it on the internet to know how good or bad it is. While Amana Capital is not the oldest online brokers, it has definitely built strong trust in its traders since its establishment nine years ago in 2010. That’s when the company started to operate as an online broker and has since been providing reliable trading services to traders from around the world. As part of 180 Capital, the company has its traders in more than 80 countries of the world.
When you sign up with Amana Capital, you know you are with one of the best in the industry. The company envisions to deliver trading services to its traders in the most innovative and benefitting way. You will love to sign up with this broker also because it has won many awards for its amazing services including but not limited to the award for fastest growth, best FX broker standards, best provider of retail FX, etc.
Amana Capital as a Regulated Entity
It does not matter how big, new, old, or renowned a broker is. What really matters to the trader is regulation. If your broker is not regulated, you are not with the right broker – it is as simple as that. When your broker is not regulated, you are trading with an entity that’s not answerable to anyone for its financial services. If something wrong happens or your money disappears from the accounts of the broker, you are not going to be able to do anything about that. It is your fault that you signed up with a broker who does not get regulated, monitored, and audited by any reliable authority.
What really impresses traders about Amana Capital is that it has obtained licenses in many parts of the world before operating there. It shows that Amana Capital is a legal entity and it operates only after obtaining the proper license from the regional monitoring and regulatory authority before signing up brokers on its platform. Some of the most renowned regulatory authorities from around the world have licensed Amana Capital to perform its services. Some of these regulatory authorities include names like FCA, CySEC, CMA, DFSA, FSC, and LFSA. It means that the broker is properly regulated by these entities in various parts of the world. When you sign up with this broker, you can have all the peace of mind you need while trading with your real money.
Amana Capital Trading Platforms
If you like have options before you make a pick, you are going to love it after signing up with this broker. You have several options to choose from when it comes to the trading platform. You will be hard pressed to find another broker on the internet that gives you so many options for trading. The two main trading platforms that you will get access to after signing up with this broker include MT4 and MT5. MetaTrader 4 is known as the best trading platform that the online trading industry has ever seen. It has been around for several years and it is still the most used trading platform that most of the brokers give their traders the access to.
Improve things in MetaTrader 4 platform and you will have the MetaTrader 5 platform. It is up to you which platform you want to use. You just have to pick the right trading account to decide which platform you will be using for trading. The best thing is that you will get access to these platforms from just about any device and operating system that you can think of. If you want to download them on your personal computer, you can do that with ease. Both these platforms will work on your mobile devices regardless of whether you have iOS or Android on them.
You can use these trading platforms on your smartphones as well as tablets. Download the software on your computer and you can use it from there as well. However, if you are often traveling but you can’t compromise on your trading experience, you can go with the web trader version. This version is there to introduce uniformity in trading platform experience and make it easy for you to trade without worrying about the compatibility issues. A web trader trading platform is opened with the help of the browser on your device. It means, you don’t have to download anything and your trading experience remains the same whether you open the platform in Europe or some other part of the world.
Amana Amana Capital Trader Accounts
The trading accounts have been designed for different types of traders. When you look at the features of these accounts, you can easily decide which one you want to pick for yourself. The basic account has been designed to welcome the new traders to start their trading careers worry-free. This account can be opened with a small deposit of just $50 in the account. Once you have made that deposit in your account, you can pick the MT4 or MT5 platform, whichever you like more. At the same time, you will get access to all the financial markets and assets that are available on the asset index from Amana Capital.
The spreads are tight in this account, but you can get better spreads if you move on to an advanced account type. However, there are other huge benefits that you will get with this account. For example, the leverage you can get with this account can be up to 1:500. That’s a lot of leverage for a small and new trader, and you have to be very careful while taking advantage of it because of the risks involved. However, if you enter your trades successfully, you can make a lot of money through this type of leverage that’s hardly available to new traders from most other online brokers.
If you want to save money on trading and enjoy the benefits of algo trading, you can go for the active traders account. This account type allows you to automate your trades so they can be executed even when you are not on your station and looking at your trading platform. You will also get some support for your account that has been designed only for you. With this account, you will also get access to the charts, graphs, and analysis that are more suitable to the higher level traders. You can save a lot of money on cash CFDs because you don’t have to pay any commissions. The best thing is that your spreads can be as low as 0.1.
Of course, if you want some VIP treatment from the broker, you would want to go with the Elite account type. In this account type, everything is tailored according to your needs. In fact, you can even attend training sessions on a person to person basis when you open this account. You will have to have $250,000 in your account to activate this one. Your spreads are tight, you have a personal account manager, and there will be a trade desk team ready to help you at any time when you sign up with this account. All the benefits of the active traders account are also included in this one.
There are two things that you will love about joining the Amana Capital trading platform. First, you can qualify for a credit of $50 by signing up with one of the available account types on the website. Secondly, you have an option to try out social trading. This is a new form of trading in which you can copy the trades of the most experienced traders in the market. Rather than coming up with your own trading strategies, you can let the most seasoned players in the market help you with successful trades. If you don’t know already, the future of trading is social trading.
Tradable Assets on Amana Capital Trading Platform
There are lots and lots of assets for you to choose from and financial markets for you to pick. When you are with Amana Capital, you can trade assets from six different asset classes. Let’s take a look at them one by one.
Forex Currency Pairs
This is one of the biggest sections in the Amana Capital asset index. You can trade the biggest and the rarest known currency pairs when trading with Amana Capital. The big currency pairs offer you stability on the other hand, the rare currency pairs offer you volatility so you can make huge profits. The leverage you can get on your trade depends on the currency pair you pick. The size of the spreads will also change as you go from one asset to another asset. The best thing is that you can get access to many currency pairs with Amana Capital that you don’t with most other online brokers.
When you come into the indices section, you can choose from futures and cash indices. You have to maintain a certain margin requirement on cash indices whereas there is a commission to be paid on every trade that you execute using futures indices. Again the spreads can be different for different types of assets. What you are going to like about this section of the asset index is that you have access to more than a dozen indices once you are on the Amana Capital trading platform.
Once again, you can choose to trade from either spot metals or the futures metals. In the spot category, you can trade silver or gold whereas the same metals are available in the futures category as well. When trading spot metals, you don’t have to pay any commissions on the trades you execute and the margin requirements are also quite low compared to the requirements for futures metals. Make sure you look at the spread difference between the two asset classes before you trade them though.
If you think you have a good eye on the energies of the world and how they are performing around the world, you can try out this asset class. You can choose your assets from crude oil, Brent crude oil, and natural gas in this category. Margin requirements can change from asset to asset in this category but they remain low on average.
You probably cannot find many brokers on the internet with these many soft commodities for you to trade. Some of the commodities that you can trade with Amana Capital include coffee, cotton, sugar, soybean, corn, and wheat. Spread sizes can differ based on the type of commodity you pick. The commission you pay on your trade can also be different depending on the commodity you have selected. Keep in mind that margin requirements can be higher compared to what they are with other assets.
It is amazing that you can trade cryptocurrencies with Amana Capital so you now don’t have to go from exchange to exchange to trade them. You have four different digital coins available for trading on Amana Capital trading platform i.e. ripple, ethereum, bitcoin, and litecoin. The spreads will depend on the value of the digital coin that you want to trade. Leverages are not so high with cryptocurrencies because of their extreme values and the huge fluctuations in the price on a daily basis. The only currency you can trade them with while being on the Amana Capital trading platform is the US dollar.
Amana Capital Trading Education
You have to agree that Amana Capital has one of the most comprehensive educational sections among the many online brokers. This is for the benefit of the traders. You are free to choose how you want to be trained before you start putting your real money on the line. First, you can attend webinars to learn from the experts. These experts talk to you live during webinars and are also available to answer your questions after the webinar. Webinars are extremely helpful in training you when it comes to trading. If you think webinars are not your thing, you can go for seminars.
The company is always holding seminars and inviting the traders to them. You should not miss the opportunity to be present at these seminars because there is so much for you to learn there. For those who want to learn about trading quickly, they can watch the videos in the educational section. These videos are elaborate and teach you the basics and the advanced trading strategies in very little time. However, if you are someone who likes to take their time, you can enter the ebooks section of the training material. Here, you will find the mots professionally written ebooks that teach you what trading is about, how you can trade successfully, and how traders can keep their risks at minimum while trading.
The broker has simplified learning for you even further by putting its training material in logical groups. If you want to learn about CFD trading in general, you can go in the CFDs training section. On the other hand, you can go into the forex trading section if you like trading currency pairs. Similarly, there is a completely separate section that can train you on cryptocurrencies. It will talk about what cryptocurrencies are, how you can trade them, and what strategies you can try to minimize your losses because fluctuations in the prices can be huge in this particular market.
Depositing Money in Your Amana Capital Account
Depositing funds in your account is no big deal with Amana Capital. It is surprising how so many online brokers don’t have this section of their services not sorted out. There are 15 different ways available for you to deposit funds in your account. Some of these methods include the conventional ones like depositing money straight through the credit cards. You can use your MasterCard or Visa credit card to deposit funds in your account. If you don’t use credit cards, you have the bank wire transfer option available as well.
UnionPay option is also available for those who find this option to be easier for them to use. The best thing is that you have the internet payment options available as well. You can pay through Neteller and skrill, which happen to be two of the most common ways to deposit funds in your online accounts. In short, you can choose a method that you think you can rely on with ease.
Amana Capital’s Unmatched Customer Support
The biggest sign of the best broker is that it raises the bar of its customer support. This is an area where a lot of online brokers lack unfortunately. They make huge claims about their services but aren’t so nice when you try to contact them for help. In many cases, they don’t even provide you with a phone number to contact them. Amana Capital has its representatives available to help you 24/5 regardless of the account type you pick. The first thing that impresses about their customer service is the live chat. Yes, you can find a live chat agent to talk to you as soon as you land on the website.
However, if you don’t want to chat by typing, you can call the phone number of the company. There are five different phone numbers available to you for calling based on your location. This is when you know the broker cares about its traders in all corners of the world. There are three additional phone numbers for the trading desks. If you want to email the company, you can send an email as well. The best option to contact the company today is through the instant messaging application on your smartphone. You can leave a message for Amana Capital on any of these applications: WeChat, Facebook Messenger, Twitter, Live Chat, Telegram, and WhatsApp.
Now, you can see why Amana Capital claims to make a difference for traders. You can take advantage of spreads that are as low as 0.1. More than 75 financial instruments are available for you to trade when you are on Amana Capital trading platform. The trading platforms you can use are MetaTrader 4 and MetaTrader 5, which are the best trading platforms in the trading industry. You can start a basic account with just $50 and enjoy leverages of up to 1:500 depending on the asset you are trading. Amana Capital is definitely one of the most recommendable properly regulated online brokers today.