Amana Capital holds live authorisations from the FCA, the DFSA and CySEC, alongside two offshore licences carrying materially weaker protection. We opened a live Classic account, funded it with $500 and placed more than 40 trades across February and March 2026, then tested a withdrawal and three support contacts. The licensing is strong and the instrument range wide for the deposit level; the friction is a 1.4 pip entry spread, a $25,000 cliff before anything cheaper, and one free withdrawal a month.
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| Overall rating | 7.4/10 |
|---|---|
| Founded | 2010 |
| Headquarters | Dubai, United Arab Emirates |
| Main licences | FCA (UK) 605070, DFSA (Dubai) F003269, CySEC (Cyprus) 155/11, SCA (UAE) 20200000255 |
| Minimum deposit | $50 |
| Spread from | 1.4 pips (Classic account) |
| Maximum leverage | 1:500 (1:30 under FCA and CySEC) |
| Instruments | 5,500+ |
| Swap-free accounts | Available on all account tiers |
| Retail loss rate | 76% of retail accounts lose money |
Pros and cons
Our assessment comes from a funded account, not a desk review: $500 into a live Classic account, trading major currency pairs, gold and shares over three weeks in February and March 2026.
What works:
- Three tier-one authorisations — FCA (605070), DFSA (F003269) and CySEC (155/11) — each verifiable on the regulator’s own register
- More than 5,500 instruments, including real global and regional shares rather than CFDs alone
- A $50 minimum deposit on Classic, low for a broker holding tier-one licences
- No inactivity fee at all, worth more than it sounds if you trade seasonally
- A proprietary mobile app rated 4.3 on the App Store and 4.0 on Google Play across 5,600+ reviews
- Support around the clock via live chat, email, phone, WhatsApp, Telegram and Messenger
What does not:
- The Classic spread starts at 1.4 pips on EUR/USD, above the sector average for commission-free accounts
- The cheaper Active account demands $25,000 and $100 million in monthly traded volume
- Nothing sits between Classic ($50) and Active ($25,000) — no mid-tier account for a trader with $500 or $1,000
- Only one free withdrawal per calendar month; further withdrawals may attract a fee
- The firm pushes its own platform, which has no automated trading and no Expert Advisor support
- No MetaTrader 4, so MQL4 indicators and expert advisors do not transfer
With 76% of retail accounts losing money on CFDs at this broker, position sizing matters more than platform choice. Leveraged trading is not suitable for everyone.
Company information
Amana Capital was founded in Beirut, Lebanon in 2010 and later moved its headquarters to Dubai, giving it more than 15 years of operating history.
The group trades through several separate legal entities. The UK entity is Amana Financial Services UK Ltd, registered in London at 5 Merchant Square. The entity inside the Dubai International Financial Centre is Amana Financial Services (Dubai) Limited. The Cypriot entity is Amana Capital Ltd. A further entity, Amana Mena Promotional Services L.L.C, is licensed by the UAE Securities and Commodities Authority for promotional work rather than brokerage.
At the time of our research the group employed around 100 people from more than 20 nationalities and reported over 350,000 users across 80-plus countries. That is meaningful growth from a small Beirut team, though it raises a fair question about whether support and operations have kept pace — one the sections below bear on. The firm has also repositioned around the amana app as its primary brand. Growth at that rate is the pattern we watch most closely across the brokers we cover, because support quality is usually the first thing to slip.
| Item | Detail |
|---|---|
| Trading name | amana (formerly Amana Capital) |
| Founded | 2010 |
| Headquarters | Dubai, United Arab Emirates |
| Additional offices | London (UK), Limassol (Cyprus), Beirut (Lebanon), Labuan (Malaysia) |
| Employees | Around 100 |
| Users | More than 350,000 |
| Countries served | More than 80 |
| Official website | amana.app |
Who Amana suits — and who it does not
If you are starting small and want tier-one oversight rather than an offshore shell, the $50 Classic minimum makes that possible — Saxo Bank, as a tier-one comparison, requires considerably more. If you want both global and regional equities as real shares rather than only as CFDs, one account covers it. The DFSA licence is the other differentiator: a DFSA regulated broker inside the DIFC gives clients there a local supervisory route rather than an offshore one.
It suits you less well if cost per trade dominates your economics, since the $25,000 Active threshold is not a realistic upgrade path; if your workflow depends on MetaTrader 4 and MQL4 expert advisors, which are not offered; or if you withdraw frequently enough for the single free monthly withdrawal to bite.
Licensing and regulation
When we checked in February 2026, the group was operating through several licensed entities. This is its strongest area and the main reason the overall score sits where it does.
The most significant licence is from the UK Financial Conduct Authority, number 605070, held by Amana Financial Services UK Ltd. We checked it against the FCA’s register at register.fca.org.uk in February 2026 and found it in force. FCA authorisation carries client money segregation, negative balance protection for retail clients, and participation in the Financial Services Compensation Scheme up to £85,000.
The second is from the Dubai Financial Services Authority, number F003269, held by Amana Financial Services (Dubai) Limited, covering activity inside the DIFC under a regime broadly comparable to UK and EU standards. The third is from CySEC, number 155/11, held by Amana Capital Ltd; we confirmed on the CySEC website that it was issued on 21 October 2011. That entity operates under MiFID II, and its clients are covered by the Investor Compensation Fund up to €20,000.
Beyond those, the group holds a UAE Securities and Commodities Authority licence, number 20200000255, under Amana Mena Promotional Services L.L.C — an entity for promotion and marketing, not brokerage, so it is not a fourth trading licence. There is also a Labuan Financial Services Authority licence in Malaysia (MB/18/0025) and a Mauritius Financial Services Commission licence (C118023192).
Every number above can be checked independently. The material caveat is that protection is not uniform: the UK and Cypriot entities offer the most, the Dubai entity follows, and the Labuan and Mauritius entities meaningfully less. Which entity you are onboarded to matters more than the headline list of licences.
On warnings: the DFSA has issued a warning about fraudulent parties impersonating Amana Capital, and per our research both the DFSA and the FCA have published warnings on that subject. These concern impostors cloning the brand, not conduct by the broker, and we found no enforcement action against Amana. Reach the broker only through its official site and app.
| Regulator | Legal entity | Licence number | Classification |
|---|---|---|---|
| FCA (UK) | Amana Financial Services UK Ltd | 605070 | Tier one |
| DFSA (Dubai) | Amana Financial Services (Dubai) Limited | F003269 | Tier one |
| CySEC (Cyprus) | Amana Capital Ltd | 155/11 | Tier one |
| SCA (UAE) | Amana Mena Promotional Services L.L.C | 20200000255 | Promotional services |
| LFSA (Malaysia) | AFS Global | MB/18/0025 | Tier three |
| FSC (Mauritius) | ACG International Limited | C118023192 | Tier three |
Opening an account and verification
We opened our account in February 2026 through the amana app, downloaded from Google Play. The form took about seven minutes and asked for full name, date of birth, address and nationality, plus questions on financial position, trading experience and source of funds — mandatory regulatory requirements, not optional marketing questions.
For identity verification we uploaded a passport image and a recent utility bill. The automated check accepted the passport within seconds, but final account approval took a full business day — slower than brokers offering near-instant verification, though within a reasonable range.
The one thing we would flag: check which legal entity you are being onboarded to before completing registration. Depending on your country of residence you may be routed to the DFSA entity, or to the Labuan or Mauritius entity — and the last two carry lower regulatory protection. The entity is named in the terms of service you are asked to accept.
Account types
Amana offered three account tiers during our testing, each with a swap-free variant.
Classic is the entry account and the one we tested most heavily: $50 minimum, spreads from 1.4 pips on EUR/USD, no commission on forex or cash CFDs. Leverage reaches 1:500 depending on the entity, capped at 1:30 for clients under FCA and CySEC supervision in line with ESMA rules.
Active requires a $25,000 minimum and at least $100 million in monthly traded volume, in exchange for spreads from 0.1 pips on EUR/USD with no forex commission — thresholds that restrict it to a very narrow group. Elite requires $250,000 and offers negotiable spreads and commissions, aimed at institutions and professionals.
The practical problem is the void between $50 and $25,000. There is no $500 or $1,000 account priced better than Classic, so a trader wanting tighter spreads has to jump the whole distance. Pepperstone, by comparison, offers its Razor account with low raw spreads and a $7 per lot commission from a $200 minimum.
Swap-free accounts
A swap-free variant is available on all three tiers. Positions held overnight are not charged rollover interest, which matters to traders observing Islamic finance principles and equally to anyone who simply wants overnight funding costs out of their cost model. The caveat should be priced in: an administrative fee may be applied to positions held for more than 10 days, at the firm’s discretion. Swap-free is not a free carry on long-horizon positions, and any religious ruling on the arrangement is a matter for qualified scholars.
| Feature | Classic | Active | Elite |
|---|---|---|---|
| Minimum deposit | $50 | $25,000 | $250,000 |
| Spread from (EUR/USD) | 1.4 pips | 0.1 pips | Negotiable |
| Commission (forex) | $0 | $0 | Negotiable |
| Commission (share CFDs) | $0.02/share | $0.02/share | Negotiable |
| Commission (futures) | $10/lot | $5/lot | Negotiable |
| Maximum leverage (non-EU) | 1:500 | 1:500 | 1:500 |
| Maximum leverage (FCA/CySEC) | 1:30 | 1:30 | By classification |
| Swap-free variant | Available | Available | Available |
Fees and trading costs
We analysed Amana’s cost structure through February and March 2026 against Equiti, XM and Pepperstone.
Spreads
Sampling the Classic account through the day, we found the live EUR/USD spread ranging between 1.4 and 2.2 pips during the London–New York overlap. It widened at the daily rollover (5pm New York time) and during major economic releases, reaching more than 4 pips during the US employment data announcement. The table below compares average spreads on commission-free accounts, in pips, as we observed them or as the firms published them during the first quarter of 2026.
| Instrument | Amana (Classic) | Equiti (Standard) | XM (Standard) | Pepperstone (Standard) |
|---|---|---|---|---|
| EUR/USD | 1.4 | 1.4 | 1.7 | 1.1 |
| GBP/USD | 1.9 | 1.8 | 2.1 | 1.4 |
| USD/JPY | 1.6 | 1.5 | 1.8 | 1.2 |
| AUD/USD | 1.8 | 1.6 | 1.8 | 1.2 |
| USD/CHF | 1.8 | 1.7 | 2.0 | 1.4 |
| Gold (XAU/USD) | 3.0 | 2.8 | 3.5 | 2.0 |
| Oil (WTI) | 0.05 | 0.04 | 0.05 | 0.03 |
Amana lands in the middle: it undercut XM Standard on most instruments, sat close to the Equiti Standard account in our Equiti review, and was consistently wider than Pepperstone Standard. If lowest commission-free spread is your only criterion, Pepperstone won this comparison.
Commissions and overnight financing
On Classic there is no commission on forex pairs or cash CFDs, so the spread is the whole cost. Share CFDs carry $0.02 per share — buying 100 Apple shares as a CFD costs $2, which is competitive — and futures $10 per lot. On Active, forex commission remains zero and futures drop to $5 per lot.
Swap charges follow sector convention and move daily with interbank rates. In February 2026 the swap on a long EUR/USD position was negative (a cost) while the short side was positive (a credit), with a clear differential in the broker’s favour — a normal and expected pattern across the industry.
Inactivity fee
There is none. That is a genuine advantage over several competitors — XM charges $5 a month after 90 days of inactivity, and Evest charges $75 after just two months. If you trade intermittently, this single line can outweigh a small spread difference.
Overall, Classic pricing is mid-range for a tier-one-licensed broker: not the cheapest, but acceptable with no commission layered on top. The binding constraint is that better pricing requires a jump to $25,000 with nothing in between.
Desktop platforms
We spent a week on the desktop offering, which comes down to amana Web, the firm’s proprietary browser platform, and MetaTrader 5.
amana Web is the platform the company promotes hardest. It is clean and easy to navigate, with interactive charts and basic technical analysis tools. Depth is the limitation: the indicator library is small next to MT5, and there is no automated trading and no Expert Advisor support at all.
MetaTrader 5 is available and we connected our account without difficulty. It delivers the full MT5 feature set — more than 80 technical indicators, 21 timeframes, Expert Advisors and strategy backtesting. The firm markets it less energetically than its own platform, and tools such as AutoChartist are better integrated on the amana side.
MetaTrader 4 is absent. For traders with custom MQL4 indicators or expert advisors, that is a hard blocker rather than an inconvenience.
Mobile apps
The amana app is the firm’s flagship product. We tested it on Android through February and March 2026: opening and closing positions, charting with basic technical tools, and a news feed. Trading our live account through it, execution was fast and stable, with no freezes or crashes.
Store ratings back that up to a point: 4.3 out of 5 on the App Store and 4.0 on Google Play across more than 5,600 reviews. Positive reviews cite ease of use and support responsiveness; negative reviews cluster around verification problems and, in some cases, withdrawal delays.
The app’s weakness is analytical depth; it does not approach MetaTrader 5’s capability. If you rely on advanced charting, the practical arrangement is MT5 on desktop for analysis and the amana app for execution. The MT5 mobile app is available as an alternative.
Trading tools
Instrument breadth is one of Amana’s strongest cards: more than 5,500 instruments during our testing, ahead of many competitors at this deposit level. In forex, around 70 pairs cover majors, minors and exotics; we traded EUR/USD and GBP/USD among others and found liquidity good during main sessions.
Equities are the standout: more than 2,100 global shares from US, European and Asian markets, plus more than 200 regional shares. Some are offered as real shares without leverage and some as CFDs — a distinction that changes your risk profile and your tax position, so confirm it per instrument. The remaining categories cover major global indices (S&P 500, Dow Jones, DAX, FTSE), commodities (gold, silver, oil, natural gas), cryptocurrency CFDs and ETFs.
Two observations from our test trades: liquidity in regional shares was thinner than in US names, expected given the underlying markets; and some instruments were available only through the amana app and not on MetaTrader 5, which constrains anyone wanting to work exclusively in MT5.
| Asset class | Approximate count | Notes |
|---|---|---|
| Forex | 70+ pairs | Majors, minors and exotics |
| Global shares | 2,100+ | Real shares and CFDs |
| Regional shares | 200+ | Thinner liquidity than US names |
| Indices | 20+ | Major global indices |
| Commodities | 15+ | Metals, energy and agricultural |
| Cryptocurrencies | 30+ | CFDs only |
| ETFs | 100+ | Varied sectors and markets |
Order execution
We placed more than 40 trades on a live account during February and March 2026. Amana runs an STP/ECN model, routing orders to liquidity providers without dealing desk intervention. Most trades on major currency pairs filled at the requested price or with slippage no worse than 0.1 to 0.3 pips during main session hours — a reasonable result for this class of broker.
Slippage widened materially in high volatility: during the US non-farm payrolls release we recorded 1 to 3 pips on some fills. That is expected around a scheduled release rather than a fault, but it is the difference between a stop that works as planned and one that does not, so size positions accordingly.
Order types cover market orders, pending orders (buy limit, sell limit, buy stop, sell stop), stop loss and take profit; we had no problems with any of them. Amana provides a free VPS to Active and Elite clients; Classic clients do not get it.
Deposits
We deposited $500 by Visa card. The transaction took under a minute, the funds appeared immediately, and there was no fee. Available methods include Visa and Mastercard, bank transfer, Apple Pay, and the Neteller and Skrill e-wallets, plus the firm’s own Amana Prepaid Card and region-specific rails aimed at its home markets.
Card deposits and incoming bank transfers are free from Amana’s side, though your sending bank may levy its own international transfer fee. The minimum is $50 on Classic. Cards credited instantly in our testing; bank transfers take one to three business days.
| Method | Fee | Processing time | Minimum |
|---|---|---|---|
| Visa / Mastercard | Free | Instant | $50 |
| Bank transfer | Free (broker side) | 1–3 business days | $50 |
| Apple Pay | Free | Instant | $50 |
| Neteller | Free | Instant | $50 |
| Skrill | Free | Instant | $50 |
Withdrawals
We submitted a $200 bank transfer withdrawal on a Tuesday morning in February 2026. Amana processed it within two business days, and the funds landed three business days after that — five business days end to end. That is acceptable but slower than the fastest competitors: XM processes most withdrawal requests within 24 hours, and Pepperstone is also quick.
Amana charged us nothing, though our receiving bank applied its own international transfer fee. The restriction to note is the one free withdrawal per calendar month: any further withdrawal in the same month may attract a fee. Most major competitors do not impose this, and for anyone drawing profits regularly it is a real cost.
On whether money actually comes out — in our testing, yes, without obstruction. Some Trustpilot reviews report delays for other clients, often traceable to incomplete identity verification or anti-money-laundering checks; we cannot verify individual cases and report the pattern as we found it. Funds are normally returned via the original deposit method under a return-to-source rule. The minimum withdrawal is $10.
| Method | Fee (first withdrawal each month) | Processing time |
|---|---|---|
| Bank transfer | Free | 2–5 business days |
| Visa / Mastercard | Free | 1–3 business days |
| Neteller | Free | 1–2 business days |
| Skrill | Free | 1–2 business days |
| PayPal | Free | 1–2 business days |
Customer support
Amana offers support around the clock, seven days a week, across live chat, email, telephone, WhatsApp, Telegram and Messenger — a broader channel spread than most.
We tested live chat three times in February 2026 and timed each: two minutes for the first reply, five minutes over a weekend, and around eight minutes during peak hours. None of those is a bad result, and the weekend coverage is real rather than nominal. We also emailed [email protected] about swap-free account terms; the reply arrived in roughly six hours and was detailed rather than a template. The firm’s UAE telephone number is +971 4 276 9525.
Two qualifications. Our testing was conducted in Arabic, so those figures show the support operation is staffed and responsive rather than measuring the English desk specifically. And answers to harder questions — fee schedule detail, and which legal entity governs an account — were vague on first contact and needed a follow-up. Given how much the entity question bears on your protection, that is the wrong thing to be evasive about. Some published reviews describe poor experiences chasing delayed withdrawals; ours was good overall, but we record the contrast rather than dismissing it.
Research and education
The main portal is TradeCaptain, carrying video lessons, ebooks, live webinars, daily analysis, market reports and breaking news. An important caveat: most of that library is published in Arabic. It was one of the broker’s real differentiators in the market our original testing covered, but it does not transfer as an advantage to an English-speaking trader, and we have scored it accordingly.
The language-neutral tooling holds up better. AutoChartist scans charts automatically and flags potential setups; testing it through the amana platform, we found usable output with clearly marked support and resistance levels. A signal is a starting point for your own analysis, not a recommendation to trade. RiskPulse analytics and ZuluTrade copy trading are also available. In 2025 the firm announced a partnership with Arabic Trader to launch an “INFORMED TRADING” programme of advanced webinars and digital learning tools.
Webinars run regularly, solid for beginners and intermediate traders but perhaps not deep enough for professionals. One clear gap: daily analysis concentrates on gold, oil and the major pairs, and does not cover regional equities with anything like the same depth, even though those are tradable on the platform.
Fund safety and protections
Amana applies several layers of client money protection, but the level you receive depends on which legal entity holds your account.
Client funds are held in segregated bank accounts at tier-one banks, separate from operating capital, so that if the company failed those funds could not pay its creditors — the foundation of broker fund safety, and a requirement imposed by all of Amana’s regulators. Negative balance protection is available to retail clients under FCA and CySEC supervision, so you cannot lose more than your account balance even in a sharp price gap.
On compensation, clients under the UK entity are covered by the FSCS up to £85,000 if the firm cannot meet its obligations. Clients under the CySEC entity are covered by the Investor Compensation Fund up to €20,000. Clients under the Mauritius FSC entity benefit from insurance of $1,000,000 in the event of liquidation.
Clients under the DFSA and Labuan entities have no comparable compensation scheme. They still get segregation and supervision, but if the firm failed no scheme would stand behind the shortfall — the single most important distinction on this page.
| Entity | Segregated funds | Negative balance protection | Compensation scheme |
|---|---|---|---|
| FCA (UK) | Yes | Yes | FSCS up to £85,000 |
| CySEC (Cyprus) | Yes | Yes | ICF up to €20,000 |
| DFSA (Dubai) | Yes | Subject to terms | None |
| FSC (Mauritius) | Yes | Yes | Insurance up to $1,000,000 |
| LFSA (Malaysia) | Yes | Subject to terms | None |
Verdict
After four weeks of testing in the first quarter of 2026, Amana scores 7.4 out of 10 on the six-category framework behind all our broker reviews. Regulation holds the score up: three tier-one licences, all independently verifiable, with segregation and negative balance protection behind them. Costs and withdrawals pull it down — a mid-range Classic spread with no upgrade path below $25,000, and a five-business-day withdrawal with one free draw a month.
One note on how that number was reached. Our Arabic review scored this broker 4.0 out of 5 using a seven-category model that included Arabic-language trader experience at a 15% weight — a category where Amana scored strongly, with a natively Arabic app, native-speaker support and an Arabic research library. That category does not exist in the six-category model used here, so its weight redistributes to trading costs and withdrawals, where Amana is average rather than strong. The arithmetic moved, not the verdict; none of the underlying findings changed. Our full rating methodology sets out the six weights.
Risk warning: 76% of retail investor accounts lose money when trading CFDs with Amana Capital. You should consider whether you can afford to take the high risk of losing your money. CFDs are complex instruments and carry a high risk of rapid loss through leverage. This review assesses a broker; it is not financial advice and not a forecast of any outcome. Do not trade with money you cannot afford to lose. Source for the loss figure: Amana’s official website and regulatory disclosure documents, Q1 2026.
Is Amana Capital trustworthy?
Is Amana Capital a scam?
No. Based on our verification of every licence and our live test of depositing, trading and withdrawing, Amana Capital is a licensed and regulated brokerage, and each licence number can be checked on the relevant regulator’s own register. The genuine risk is impersonation: the DFSA has warned about fraudulent parties posing as Amana Capital, and per our research both the DFSA and the FCA have issued warnings on that subject. Reach the broker only through its official site and app.
Is Amana Capital actually licensed?
Yes, verifiably. We checked FCA 605070 on register.fca.org.uk in February 2026 and found it in force, and confirmed CySEC 155/11 on the CySEC website with an issue date of 21 October 2011. The DFSA licence is F003269. What matters more than the list is which entity holds your account.
Can I actually get my money out?
We did, without obstruction. Our $200 bank withdrawal in February 2026 was processed in two business days and landed three business days later. Some Trustpilot reviewers report delays; the common causes are incomplete identity verification or anti-money-laundering checks, so completing verification before you need the money is the practical mitigation. Only the first withdrawal each month is free.
Is the swap-free account genuinely interest-free?
Open positions are not charged overnight rollover interest, on all three tiers. However, an administrative fee may apply to positions held longer than 10 days at the firm’s discretion, so it is not costless on long-held positions. Any religious ruling on the structure rests with qualified scholars.
Is Amana available in my country?
Amana reports serving clients in more than 80 countries but does not hold a licence from every national regulator — it is not licensed by Saudi Arabia’s Capital Market Authority, for instance, though it is not banned there either. Where there is no local licence you would be onboarded to an international entity, and your protection follows that entity rather than your country of residence.
Frequently asked questions
What is the minimum deposit at Amana Capital?
$50 on the Classic account. Active requires $25,000 and Elite requires $250,000. Card and e-wallet deposits are free and credited instantly.
Is Amana Capital licensed and safe?
Amana holds FCA (UK) 605070, DFSA (Dubai) F003269 and CySEC (Cyprus) 155/11. Client funds are segregated, and FSCS cover up to £85,000 applies under the FCA entity. Protection varies by entity, so confirm which one holds your account.
Does Amana offer swap-free accounts?
Yes, on all three tiers — Classic, Active and Elite. Open positions are not charged overnight interest, but an administrative fee may apply to positions held for more than 10 days at the firm’s discretion.
How long do withdrawals take?
Based on our testing, Amana processes a request in one to two business days. Bank transfers take two to five business days in total; card and e-wallet withdrawals one to three. The first withdrawal each month is free.
What is the difference between Amana Capital and the amana app?
Amana Capital is the historical name of the company founded in 2010; amana is the current brand and main platform. The legal entities and licences are unchanged.
Does Amana support MetaTrader?
MetaTrader 5 is available on desktop and mobile, with more than 80 indicators, 21 timeframes, Expert Advisors and backtesting. MetaTrader 4 is not offered, so MQL4 tools cannot be carried over.
Disclaimer: the information on this page is for educational purposes and does not constitute financial advice or a recommendation to trade. Trading in financial markets carries a high level of risk and may not be suitable for all investors. Past performance does not guarantee future results.
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