Review 2024: Fees, Platforms, Apps, Safety, Pros & Cons is a financial services company that was established in 2010 by Karim Farra and Ziad Aboujeb. The broker rebranded in 2022 by pivoting to become a neo-broker with the launch of Amana App. This 2024 review covers the broker’s account types, trading platforms & apps, fees & commissions, spreads, and safety.

Regulated By


Used By

1,000,000+ users

Established in


Visit Broker

74% of retail traders lose money

Spreads From

EURUSD 0.1 pips

What Can You Trade on

  • Stocks
  • ETFs
  • Forex
  • Commodities
  • Indices
  • Crypto Platforms

DesktopMobile Funding Methods

Apple PayGoogle PaySkrillVisaWire TransferMaster CardNeteller Review 2024: Fees, Platforms, Apps, Safety, Pros & Cons is a financial services company that was established in 2010 by Karim Farra and Ziad Aboujeb. The broker rebranded in 2022 by pivoting to become a neo-broker with the launch of Amana App. This 2024 review covers the broker’s account types, trading platforms & apps, fees & commissions, spreads, and safety.

  • author Adesuwa Ebuehi
  • Last updated 15/02/2024

74% of retail traders lose money

Regulated By


Used By

1,000,000+ users

Established in


Spreads From

EURUSD 89 Points



What Can You Trade?

  • Stocks
  • ETFs
  • Forex
  • Commodities
  • Indices
  • Crypto

Funding Methods

Apple PayGoogle PaySkrillVisaWire TransferMaster CardNeteller
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Summary is a brokerage company with its headquarters in the UAE. It was founded in 2010 and has become well-known among investors in the MENA region and several other countries. Formerly known as Amana Capital, the company recently rebranded to as part of its ongoing efforts to provide better service to its clients across the globe. However, while they provide a broad gamut of services, the Amana proprietary app only operates strictly as a trading platform. 

The broker provides a wide range of assets, including stocks, indices, commodities, cryptocurrencies, currency pairs, and ETFs. It is also regulated by the FCA, CySEC, DFSA, LFSA, and FSC. offers leveraged trading on its CFD asset, with a maximum leverage of up to 1:100 on currencies and commodities.

Our review discusses all the relevant information about the broker. Here, we cover the fees, fund safety protocols, account types, customer service, spreads, and trading platforms. We also let you in on what users are saying about the broker on Reddit, Quora, TrustPilot, and ForexPeaceArmy. 

The homepage of


  • Excellent Proprietary Trading Platform
  • Real Stocks Available
  • Well-Regulated across Different Regions
  • Margin Trading Available
  • Cryptocurrencies Available


  • Not Available to US Clients

Available Assets at offers its clients the opportunity to trade a wide range of assets, including derivatives and non-derivatives. The broker provides 2,300+ Share CFDs, 1,800+ Real Shares, 460+ ETFs, 65+ Forex CFDs, 100+ Crypto CFDs, 18+ Indices, and 8+ Commodities. In this section of our review, we examine these assets and shed more light on what users can expect when trading these instruments on Amana.

The available trading instruments on


The broker lists 2,300+ stock CFDs from various regions, including the United States, European Union nations, and countries in the MENA region. It also provides 1,800+ real shares. Clients will be able to trade popular US Stocks from companies such as Tesla, Meta, Amazon, and Apple. They will also have access to shares from Fawry, Emaar, ADCB, and other well-known companies in the Middle East and North Africa.

Stocks on

Indices provides 18+ indices, including future and cash indices. Some of the popular instruments under this category are JP225, US30USD, AUS200, and D30EUR. 

Indices on


Traders who have a live account with can take long or short positions on 65+ currency pairs via the broker’s trading app. Clients will enjoy commission-free trading on all the listed major, minor, and exotic pairs. The maximum leverage on forex pairs is 1:100.

Forex pairs on


Individuals who wish to invest in commodities such as Gold, Silver, Brent Oil, or Coffee can download the Amana App and begin trading their available instruments. The default leverage on this asset is up to 1:100.

Commodities on


There are 100+ crypto assets listed by Clients will be able to trade cryptocurrencies such as DOGEUSD, DOTUSD, BTCUSD and AVAXUSD, and have access to leverage up to 1:2. However, customers registered under the broker’s UK entity will not be able to enjoy margin trading on this asset due to FCA regulations. 

Cryptocurrencies on


Amana’s ETF offering consists of 460+ assets. Users of this broker will be able to select popular ETFs such as iShares Core Growth Allocation ETF, ARK Innovation ETF, and Deutsche X-trackers Harvest CSI300 CHN A.

ETFs on

Stocks Trading at

This segment of our review focuses on the broker’s stock trading offerings. Here, we discuss what you need to know before trading stocks with this broker, including the availability of real stocks, stock trading fees and commissions, and the availability of margin trading. 

Stock Trading on

Available Stock Exchanges at offers real and CFD stocks. These shares are available from local, regional, and international markets. Below, we list all the available stock exchanges at this broker. 

CountryAvailable Stock Exchange
United StatesNew York Stock Exchange (NYSE)
United KingdomLondon Stock Exchange
FranceEuronext Paris
SpainBolsa de Madrid
ItalyBorsa Italiana
NetherlandsEuronext Amsterdam
BelgiumBrussels Stock Exchange
GermanyFrankfurt Stock Exchange
Abu DhabiAbu Dhabi Securities Exchange
DubaiDubai Financial Market
QatarQatar Stock Exchange
Saudi ArabiaTadawul
KuwaitBoursa Kuwait
EgyptEgyptian Exchange

Stock Trading Fees & Commission at

Stock trading fees at depend on several factors, including the exchange used and the nature of the share being traded. US, UK, and other international stocks do not attract any commissions or added charges. 

However, stocks from markets in the MENA region attract a clearing fee which clients are expected to pay. This fee is usually between 10 and 20 basis points (bps), depending on the specific exchange. 

The minimum clearing fee for clients trading Kuwait and Qatar stocks is $16.50 per trade and $10.50 per trade, respectively. Dubai and Kuwait shares may also incur an additional cost of 10.50 AED per trade and 0.50 KWD per trade, respectively.

Also, all CFD shares will be charged for any positions held overnight. 

Stock Trading Leverage at

Although customers of this broker do not have access to leveraged trading on real stocks, they can enjoy this option on CFD stocks. The leverage on share derivatives on varies depending on the specific instrument. However, it usually ranges from 1:2 to 1:20. Regulations is regulated across different regions, including the United Kingdom, Malaysia, Dubai, Mauritius, and Cyprus. It is authorised to operate by the Financial Conduct Authority (FCA),  the Dubai Financial Services Authority (DFSA), Cyprus Securities and Exchange Commission (CySEC), the Labuan Financial Services Authority (LFSA), Capital Markets Authority (CMA) and the Financial Services Commission (FSC). Here, as part of our broker review, we outline the regulatory and licensing information for each of Amana’s subsidiaries. 

Amana Capital Ltd.: This entity is regulated by CySEC. Their office address is 12, Archiepiskopou Makariou III, Kristelina House – 3rd Floor – Office 302, Mesa Geitonia, CY-4000 Limassol. 

  • CySEC License Number – 155/11

ACG International Limited: This subsidiary of is regulated by the FSC.

  • FSC License Number – C118023192

AFS Global Ltd.: They are regulated by the Malaysian LFSA as a financial service provider. Their office address is Unit B, Lot 49, 1st Floor, Block F, Lazenda Warehouse 3, Jalan Ranca-Ranca, 87000 Labuan F.T.

  • LFSA License Number – MB/18/0025

Amana Financial Services (Dubai) Limited: This entity is regulated by the DFSA. 

  • DFSA License Number – F003269

Amana Financial Services UK Ltd.: The UK subsidiary of is located at 32 Threadneedle Street, London, EC2R 8AY. They are regulated by the FCA. 

  • FCA Firm Reference Number 605070

Amana Capital SAL: This entity of the broker is licensed and regulated by the Capital Markets Authority (CMA).  

Licence Number: 26 Fees and Commissions is a relatively low-cost broker. It does not charge any commissions, and there are no deposit fees. In this section of our review, we take a brief look at the trading and non-trading costs incurred by the broker’s clients.

Fees and commissions on

Trading Fees

Trading fees at include overnight fees and spreads. We discuss these charges below.


Although does not profit by charging a commission on trades, they make money off the spreads on their listed assets. Users who place buy or sell orders on derivatives are expected to pay the spread on these instruments. 

Overnight Fees

Overnight fees are incurred by clients who hold a position for over 24 hours on a CFD instrument. The calculation of this charge varies depending on the instrument traded. However, islamic traders will be exempted from this cost as offers swap-free accounts.

Non-Trading Fees

As mentioned earlier, does not charge a deposit fee. However, there are other non-trading costs required by the broker. 

Withdrawal Fee

Withdrawals from may attract a charge, depending on the method used. While most methods are free, customers who wish to retrieve their funds via Neteller or Skrill will be charged a 2% and 1% fee, respectively. 

Currency Conversion Fee

Clients who initiate transactions in a denomination that is different from their account base currency will be charged a conversion fee. 

Clearing Fee

Clearing fees are mandatory for clients who wish to trade real stocks from Abu Dhabi, Dubai, Qatar, and other countries in the MENA Region. This fee varies and is typically between 10 bps – 20 bps. For Kuwait shares, customers will pay $16.50 per trade. Qatar shares, however, will cost $10.50 per trade. 

Account Types at

There are four account types available with Amana. Users can open a Demo, Individual, Joint, or Corporate Account. As we continue our broker review, we examine each of these options and highlight any unique benefits that they provide. 

Accoun types on

Demo Account

This broker offers clients the opportunity to test out various trading strategies and get familiar with their trading platform without risking any money. Users can open a demo account on and begin trading in less than a minute. Traders who opt for a demo account can specify any account opening balance that they desire. However, this demo account is only compatible with the broker’s MT4 or MT5 platforms.

Individual Account

With an individual account, clients will have access to Amana’s entire offering of assets. This account type allows users to enjoy margin trading and has the option of swap-free trading (for Muslim customers only). 

Joint Account

Joint accounts have similar features to individual accounts. However, this option is designed for two or more individuals who wish to operate a shared trading account. 

Corporate Account

The corporate account is designed to enable businesses to invest and speculate on various asset classes. Like individual and joint accounts, this account type also provides margin trading. Trading Platforms users can trade via the broker’s proprietary app. Furthermore, clients can also open a demo account and trade with the MT4 or MT5 platform for desktop and mobile. In this section of our review, we cover the broker’s trading platforms. We also shed some light on how you can open an account and begin investing with on desktop and mobile apps.

Trading platform page on Desktop Trading Platforms clients can open their accounts and trade on the native desktop browsers with the web trader App or by downloading MT4 or MT5. Here, we explain some of the unique features of the broker’s proprietary app and outline how you can get started with the broker on your desktop.

Desktop trading platform on


The Amana App has a relatively simple design with multiple charts on display in one view. Most users will find the app easy to use as the outlook is straightforward with no unnecessary features. desktop platform design.

User Interface offers a seamless interface on the desktop. Clients can place orders with as few clicks as possible. The icons and taskbars are also easy to understand for newbie traders. desktop platform user interface.


This app also provides a plethora of indicators for traders to carry out technical analysis. Customers will be able to use Coppock Curve, Stochastic Oscillators, Bollinger Bands, and many others. desktop platform indicators.


The search bar makes finding any instrument simple. With this feature, users can enter the name of the asset that they wish to trade and place an order instantly.

Search tab on desktop platform.


Watchlists allow clients to aggregate all the assets that they wish to monitor and view them in a single display. Clients will also have access to generalised watchlists such as Top Gainers, Top Losers, and Most Popular. desktop platform watchlists.


In the alerts tab, users can receive notifications on their trading activities. They can stay informed about the status of their pending orders or be notified when specific assets reach a predetermined price point. 

The alert page on desktop platform.

How to open an Account on Desktop Trading Platform

  1. Visit and select Sign Up at the bottom-right of the screen. Sign-in page on desktop platform.
  2. Enter your email address. Registration page on desktop platform.
  3. Enter your name and your account password. Username and password registration page on
  4. Select your nationality and country of residence. Nationality selection page on the desktop platform.
  5. Next, you will be required to enter your phone number and verify it by entering a 6-digit OTP which will be sent via SMS. Phone number verification page on the desktop platform.
  6. Continue the onboarding process by providing your other personal information, including date of birth, gender, and house address. Personal information page on the desktop platform.
  7. Provide all the requested employment, financial, and tax-related information. Employment information page on the desktop platform.
  8. Answer all the additional questions. Additional information page on desktop platform.
  9. Read and agree with all the listed legal agreements and policy documents. Terms and conditions on
  10. Verify your account by providing a valid ID. ID verification page on desktop platform.
  11. Once your account is verified, select Deposit at the top-right corner and choose your preferred payment method to fund your account, and start trading. Funding methods on desktop platform. Mobile Apps also has an exclusive mobile app that runs on iOS and Android devices. Below, we list the account opening steps for this trading platform and examine some of its unique features. mobile trading platform.


The design of the Amana App is excellent. It has a great colour scheme, simple icons, and five tabs – For You, Watchlist, Portfolio, Plus, and Profile. The outlook of this app is undoubtedly one of its standout features. mobile platform design.

User Interface

Amana App for mobile has an intuitive user interface. It is easy to use and runs very smoothly on most devices. mobile platform user interface.


Watchlist allows clients to see the most popular instruments, top gainers, top losers, top stocks from the MENA region, and other customised lists. Users can also create a personalised list to monitor various assets. mobile platform watchlist.


There are many indicators and charting tools available on the Amana App. These tools help traders to conduct their technical analysis and make better-informed trading decisions. 

Indicators on mobile app.


Plus is Amana’s in-app education section. It contains several videos that cover market analysis, daily briefings, trading basics, and many other tutorials. Here, clients will also be able to watch How To guides that explain how to maximise the various features available on the mobile trading app. mobile platform education section.

How to Open an Account on Mobile App

  1. Go to your app store, search for, and download Amana: Investing and Trading App. mobile app on apple store.
  2. Click on Sign up to trade. Sign up page on mobile platform.
  3. Fill in your email address. Email address registration page on mobile app.
  4. Provide your first and last name. Name registration page on mobile app.
  5. Choose a strong password. Password selection page on mobile app.
  6. Select your nationality and country of residence. Nationality selection on mobile app.
  7. Next, enter your phone number followed by the 6-digit OTP, which will be sent to you via SMS. Phone number verification page on mobile app.
  8. Provide your personal information. Personal information page on mobile app.
  9. Enter your employment details. Empoyment details page on mobile app.
  10. Enter your financial details and Tax Identification Number (TIN), if available. Tax information page on mobile app.
  11. Scan and upload a valid, government-issued identity document. ID verification page on mobile app.
  12. Once you’ve verified your account and logged in, click on Profile, select Deposit, and choose a suitable funding method. Fund method selection page on mobile app. Payment Methods

There are different methods for deposits and withdrawals at Amana. Here in our review, we take a look at the available funding options with this broker. We also discuss the estimated processing times, minimum deposit and withdrawal amounts, and any related fees incurred by clients.

Payment methods page on


Clients can fund their accounts with this broker via bank transfers, credit cards, debit cards, Neteller, Skrill, Apple Pay, and Google Pay. There is no deposit fee. However, has a minimum deposit of $10. In the table below, we list each of these methods and their average processing times.

Payment methodTransaction time
Bank transfer3 – 5 business days
Credit cards and debit cards24 hours
Apple Pay and Google PayInstant


For withdrawals, clients can use all the above-listed payment methods to retrieve their funds. charges a 2% and 1% fee to clients who withdraw with Neteller or Skrill, respectively. However, other methods are free.  Finally, the broker doesn’t have a minimum withdrawal amount. 

Account Base Currency

All accounts with this broker are denominated in USD. Research and Education provides a vast catalogue of learning resources for individuals to grasp the fundamentals of trading and investing. It offers Real Vision, a collection of online video tutorials that takes clients from the basics of trading to more advanced concepts at no cost. Real Vision has 31 videos, which add up to 9 hours and 24 minutes worth of content. 

When clients download and create an account on, they will have access to the Investor Tutorial Series and Market Update Videos at zero cost, provided they have an active trading account. However, to be eligible for the Real Vision flagship Investing Course, customers of this broker will need to fund their accounts with $1,000 and place their first trade. Furthermore, to maintain access to this content, clients must maintain a balance of $300.

The broker also has a blog that covers different topics such as Trading Psychology, Financial Markets Trading, and Cryptocurrency Trading. Finally, it has How To Guides that explain the different features available on the Amana App. These guides show important processes like how to add a stop loss, close positions, or place buy orders at market price. education page, Real vision. Customer Services

Users who have challenges while using this broker’s platform can reach out to a customer service agent by sending an email to or by filling out a complaint form online in the support section of the website. They can make use of the live chat option on the website and speak directly with a representative in minutes. also has a detailed FAQ section listing some common problems and inquiries that users have and how to solve them. Furthermore, traders can opt to chat with support staff on Telegram, WhatsApp, or Facebook Messenger.

In addition to these methods, the broker also has different call lines depending on a customer’s specific jurisdiction. However, you can only use this method between Mondays and Fridays. The broker’s call lines are listed below

  • Lebanon – +961 1 370 940
  • Malaysia – +60 875 045 53
  • Cyprus – +357 25 25 7980
  • UAE – +971 4 276 9525

Finally, clients can send a direct message to their social media handles on Facebook, Linkedin, X (formerly known as Twitter), Snapchat, and Instagram

Customer services page on Online Reviews

As part of our review, we went to various websites and forums to know what customers of this broker are saying about its services. Here, we highlight some of the frequently mentioned positives as well as any complaints cited by clients on Reddit, Quora, TrustPilot, and ForexPeaceArmy. 

What Reddit Users Say About Amana

Sadly, despite using different search queries, we could not find any user’s comment about by Redditors. 

Reddit reviews about

What Quora Users Say About Amana

On Quora, we also searched for various entries with the keyword ‘Amana.’ However, we didn’t see any relevant comments or discussions about the broker. 

Quora reviews about

TrustPilot Users’ Review About Amana

On TrustPilot, has a rating of 4.3 out of 5. This rating, however, is based on just 17 reviews. Most comments praised this broker for its order execution speeds. They also had many good things to say about Amana’s reliability and transparency. Despite the relatively large number of positive feedback, some clients complained about slippage.

Trustpilot review page about

ForexPeaceArmy Users’ Review About Amana

ForexPeaceArmy gives a rating of 2.265 out of 5 based on 12 reviews. Although the most recent remark of this broker on the website dates as far back as April 2021, most comments about its services were not positive. There were complaints about closed pending orders, terrible slippages, and fake offers. A user even claimed that the broker trades against its clients. However, one comment praised for its excellent customer service.

Forexpeacearmy review page about

Other Products and Services

In addition to providing assets for investment and trading, this broker also offers many other perks. Here, we examine any additional products and services from, which may not have been discussed in the earlier sections. 

Other products and services on

White Labels

With White Labels, can provide a bespoke solution to companies looking to set up a brokerage service. These organisations can have access to world-class trading platforms and technologies to kickstart their journey with ease.

White label service on

Introducing Brokers

Introducing brokers allows individuals and companies to earn added revenue by promoting and bringing in new clients. Clients will be rewarded with a commission for every successful referral.

Introducing brokers service on

Careers is an ever-growing company and is constantly seeking to add the best talents across various fields. The careers section on the broker’s website lets users know when there are any available job postings. 

Careers page on


This service enables customers to get accurate information and obtain liquidity and pricing information from liquidity providers across the globe. 

Liquidity service on

Is Safe? safety measures are designed to inspire confidence in clients and guarantee user fund safety in the event of insolvency or any unforeseen circumstance. The broker is well-regulated in up to 5 countries – the United Kingdom, Malaysia, Dubai, Mauritius, and Cyprus. They also keep client funds separate in a Client Money Account. Having segregated accounts ensures that these monies are not liable for use in debt repayment. 

Bottom Line (formerly known as Amana Capital) is a trustworthy broker that is regulated by the FCA, CySEC, LFSA, CMA, DFSA, and FSC. Our review shows that the broker is an excellent choice for users who wish to invest in both CFD and non-CFD instruments. 

It provides both real and CFD stocks and is one of the few brokerage companies that offers shares from the MENA region. The broker also provides a detailed learning program for its clients via Real Vision and offers a great trading platform. 

Q & A

The broker’s headquarters is located in the United Arab Emirates.

It was founded in 2010.

Amana Capital rebranded and made the transition to in 2022.

To login, visit and enter your email and password.

Yes, it is. Amana Capital is regulated by the FCA, DFSA, CySEC, LFSA, CMA, and FSC. offers over 4000 assets, including shares, ETFs, Forex, cryptocurrencies, indices, and commodities. 

Yes, the broker offers real shares.

Yes, you can. offers 100+ cryptocurrencies on its platform.

The minimum funding amount on is $10.

Yes, it does. Traders who use this broker will be able to create a demo account.

To use the broker on MT4, visit the Metatrader4 website and click on Download MT4 for your specific device type. Then, search for in the server list. 

To withdraw your funds, log into your Amana App, go to your profile and select withdraw.

No, is a commission-free broker.

No, they are not. The broker does not charge a commission, deposit, or withdrawal fees.

Yes, it does. It has a proprietary trading app that is available as a mobile and web application.

Yes, you can trade shares on the Amana App. 

The clearing fee is charged to clients that purchase shares from the MENA region. This fee usually ranges between 10 bps – 20 bps.

Yes, you can. The broker provides a wide range of beginner-friendly educational resources.

Content on Real Vision is free. However, clients must meet the required terms and conditions to be eligible for each of the available modules.

Most reviews of this broker online are positive.

To get fast answers to your complaints, you can use the live chat option on the broker’s website.

Yes, it is a UAE-based broker.