Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

What is Amana Capital？

Amana Capital is a global brokerage firm registered in the United Arab Emirates that provides online trading services in forex, commodities, and other assets. The company offers a range of trading platforms and tools, including MetaTrader4 and MetaTrader5, to suit the needs of a wide range of investors. The firm is regulated by various financial authorities, including the Financial Conduct Authority (FCA) in the UK and the Dubai Financial Services Authority (DFSA) in the UAE.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Amana Capital Alternative Brokers

There are many alternative brokers to Amana Capital depending on the specific needs and preferences of the trader. Some popular options include:

• OctaFX - offers competitive spreads and low commissions, making it a good choice for experienced traders.

• FXOpen - With a user-friendly website and mobile app, FXOpen is a good option for beginner traders looking for easy access to the markets.

• Hantec Markets - offers a range of trading platforms and tools for both novice and experienced traders, making it a versatile choice for investors of different levels.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is Amana Capital Safe or Scam？

The Group comprises four main entities- Amana Financial Services-UK, Amana Capital-Lebanon, Amana Capital-Cyprus, and SouqElmal.com – UAE and each entity is regulated and authorized by different reputable regulatory bodies i.e. FCA, BDL and CySec respectively.

• Amana Financial Services UK Ltd is authorized and regulated by the Financial Conduct Authority (FCA, suspicious clone) Firm Reference Number 605070;

• Amana Financial Services (Dubai) Limited is authorized and regulated by the Dubai Financial Services Authority (DFSA) (License number F003269);

• Amana Capital LTD is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC, suspicious clone), License Number 155/11;

• Amana Capital SAL is authorized and regulated by the Lebanese Capital Markets Authority (CMA) as a Financial Intermediary Institution (Authorization number 26).

Though Amana Capital has valid DFSA and CMA regulatory license, it is important to remember that investing always carries some level of risk and it is recommended to do thorough research before investing in any financial service or product.

Market Instruments

Amana Capital offers a wide variety of market instruments to investors. These include over 1,000 commission-free products across global, local, and regional markets. This means that investors can access a diverse range of financial instruments through a single platform. Some of the markets that Amana Capital covers include cryptocurrencies, stocks, exchange-traded funds (ETFs), commodities, and currencies.

Cryptocurrencies, in particular, have become increasingly popular in recent years, and Amana Capital offers 100+ commission-free cryptos to investors.

In addition to global stocks, ETFs are another popular investment option, and Amana Capital offers a range of options to suit investor preferences.

Commodity trading is another area where Amana Capital has expertise. Investors can trade in a variety of commodities, including precious metals, agricultural products, and energy commodities such as crude oil. This offers investors the opportunity to hedge against inflation and currency fluctuations, among other factors.

Finally, Amana Capital offers a range of currency trading options, with access to a bunch of global currency pairs. This includes major currency pairs such as the USD/EUR and USD/JPY, as well as emerging market currencies.

Accounts

Live account

Amana Capital offers a range of account types to suit the needs of different types of investors, with a minimum deposit of $50. The Forex & CFDs account offers access to trading in Forex, commodities, indices, and cryptocurrencies. This account is ideal for those who mainly trade currencies and CFDs.

For active traders who frequently trade in high volumes, Amana Capital offers an Active Traders account. The Share account is for investors who mainly trade in stocks. The Elite Service account is a premium account that offers a range of benefits, including access to a dedicated account manager and exclusive market analysis. This account is suited for high net worth individuals who require personalized service. Finally, Amana Capital offers a Copy Trading account, which allows investors to automatically copy the trades of experienced traders. This is an ideal option for those who are new to trading or who prefer a more passive approach to investing.Demo account

Amana Capital also offers demo accounts that allow investors to trade instruments without risking real money. Beginners can learn the basics of trading, or experienced traders can use it to practice their trading strategies. The Amana Capital demo account is available for 30 days, on both MT4 and MT5 desktop and mobile apps.

Leverage

Amana Capital offers leverage on its trading accounts, which can be used to amplify potential returns but also increases the risks of trading. By default, the leverage for trading currencies, metals, and commodities is set at 1:100. This means that for every 1in trading capital,traders have the option of taking positions up to 100 in value.

However, different assets have different leverage limits. For shares and cryptocurrencies, for example, the leverage varies between 1:2 and 1:20, depending on the asset being traded. It is important for investors to be aware of the specific leverage limits for different assets and to adjust their trading strategies accordingly.

It is also worth noting that traders based in Europe who have accounts with Amana Capital will need to comply with ESMA regulations, which require maximum forex leverage of 1:30. This is intended to protect retail investors from excessive risk-taking, and traders should be aware of these limits when making trading decisions. Ultimately, the level of leverage that is appropriate for any given trader will depend on their individual risk tolerance and investment objectives.

Spreads & Commissions

Amana Capital offers floating spreads on its trading accounts, which means that the spreads can change depending on market conditions. Forex trading only charges from spreads, meaning there are no additional commissions.

For indices, energies, and commodities trading, a commission of USD 5 per lot is charged, with a minimum commission of USD 15 for each trading of stock CFDs. This commission structure can vary depending on the asset being traded and investors should check with Amana Capital for the specific rates for each asset.

Below is a comparison table about spreads and commissions charged by different brokers:

Please note that these values are approximate and may vary depending on market conditions and the type of account you have with each broker. It's always recommended to check with the respective brokers for the most up-to-date and accurate information on spreads and commissions.

Trading Platforms

Amana Capital offers two trading platforms to its users – MetaTrader4 (MT4) and MetaTrader5 (MT5). These platforms are suitable for novice and experienced traders alike and offer advanced technical analysis tools and automated trading functions (EA), as well as mobile applications.

MT4 is a user-friendly platform that allows traders to view orders, transactions, and account details, and keep track of the latest market conditions. It provides a flexible trading environment and various technical analysis tools, making it a popular choice for traders of all levels.

MT5 is an optimized version of MT4 and is the latest generation of trading platforms. It offers a more intuitive and concise interface while providing more powerful analysis functions, including various trend lines, icons, and other graphical objects. MT5 also includes 12 new chart time frames and a built-in economic calendar, making it easier for traders to make informed decisions.

Both MT4 and MT5 platforms allow users to place orders, monitor the market, view account details, copy transactions, and rely on automated trading strategies. These platforms are available on PC/Mac, mobile phones, tablets, and other devices, allowing traders to access the markets from anywhere at any time.

Amana Capital also offers a mobile app, allowing traders to access the markets and their accounts on-the-go. The app provides access to all the trading tools and features of the MT4 and MT5 platforms and is available for download on both iOS and Android devices.

Overall, Amana Capital's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders.

See the trading platform comparison table below:

Please note that this table provides a general overview of the trading platforms offered by each broker. The features and availability of specific platforms may vary, so it's recommended to visit the respective broker's website for more detailed information.

Deposits & Withdrawals

Amana Capital offers a range of popular deposit and withdrawal options for its investors. Deposits can be made via bank wire transfer, international credit/debit cards, UnionPay, Neteller, Skrill, and Epay/FasaPay. Bank wire transfers typically take 3-5 working days and incur a fee of £6. However, deposits made through international credit/debit cards, UnionPay, Neteller, Skrill, and Epay/FasaPay are instantly received.

Withdrawals can be made via bank wire transfer, international credit/debit cards (bought by Amana), bank debit cards (bought by Amana), Neteller, and Skrill. Bank wire transfers do not incur a fee, while international credit/debit cards and bank debit cards, as well as Neteller and Skrill, have handling fees ranging from 2% to 15%, depending on the method used and the currency.

Investors should also be aware of any fees or limitations placed on deposits and withdrawals by their banks or payment providers. Overall, Amana Capital offers a convenient and varied selection of deposit and withdrawal methods to suit the needs of its global client base.

Amana Capital minimum deposit vs other brokers

Fees

Amana Capital does not charge any deposit/withdrawal fees or inactivity fees. This means that investors can deposit and withdraw funds from their accounts without incurring any additional costs. Additionally, there are no fees for holding overnight positions in certain assets, such as US stocks, US ETFs, regional stocks, and cryptocurrencies.

However, for derivative products, overnight fees do apply. These fees are calculated based on the size of the position and the holding period. It is important for investors to be aware of the specific fees associated with each asset or product they trade and to factor these into their overall trading costs.

See the fee comparison table below:

Customer Service

Amana Capital offers a range of customer service options to its investors. Customers can get in touch 24/5 with the broker via live chat, phone, email, online messaging, WhatsApp, Telegram, and Messenger. This provides a range of options for investors to reach out for help and support.

In addition to these contact methods, the broker also has an FAQ section on its website that addresses some of the most common questions and concerns that investors may have. This helps to streamline the support process and allows customers to quickly and easily find answers to their queries.

Amana Capital also maintains a presence on several social networks, including Facebook, Twitter, Instagram, LinkedIn, YouTube, and TikTok. Customers can follow the broker on these platforms for news, updates, and insights into the financial markets. This also provides an additional way for customers to interact with the broker and ask questions.

Facebook: https://www.facebook.com/chooseamana

Twitter: https://twitter.com/chooseamana

Instagram: https://www.instagram.com/chooseamana/

YouTube: https://www.youtube.com/chooseamana

TikTok: https://www.tiktok.com/@chooseamana

Overall, Amana Capital's customer service is considered reliable and responsive, with various options available for traders to seek assistance.

Note: These pros and cons are subjective and may vary depending on the individual's experience with Amana Capital's customer service.

User Exposure on WikiFX

On our website, you can see that reports of unable to withdraw and scams. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

Education

Amana Capital offers a range of educational resources to help investors learn about trading and improve their skills. These resources include the Basics of Trading, a video library, a blog library, and investor tutorials.

The Basics of Trading is a comprehensive guide that covers all the essentials of trading, including market analysis, technical indicators, risk management, and trading strategies. This guide is suitable for beginners and provides a solid foundation for those who want to start trading.

The video library contains a variety of educational videos that cover a range of topics, such as technical analysis, chart patterns, and trading psychology. These videos are designed to help investors learn at their own pace and provide practical advice and tips for successful trading.

The blog library is regularly updated with articles and analysis on the latest market trends and events. This resource can be helpful in keeping investors up-to-date with the latest developments in the financial markets, as well as providing insights into trading strategies and techniques.

Finally, investor tutorials are available to help investors learn how to use the trading platforms offered by Amana Capital, such as MT4 and MT5. These tutorials cover everything from basic platform navigation to more advanced trading functionalities.

Overall, Amana Capital's educational resources provide a comprehensive suite of tools for investors to learn about trading and improve their skills. This can be helpful for both novice and experienced traders looking to improve their performance in the financial markets.

Conclusion

To sum up, Amana Capital offers a wide range of trading instruments, a comprehensive suite of trading platforms, and rich educational resources. The broker is regulated by various financial authorities and provides a transparent and reliable trading environment. However, this broker has received some reports of unable to withdraw and scams. It's important for investors to do their own research and due diligence before choosing a broker, and to be aware of any reports of fraudulent activity or issues with withdrawal.

Frequently Asked Questions (FAQs)

Risk Warning

Online trading is dangerous, and you could potentially lose all of your investment funds. Not all investors and traders are suitable for it. Please understand that the information on this website is designed to serve as general guidance, and that you should be aware of the risks.

General Information

What is Yuanta Futures？

Yuanta Futures Co., Ltd is a Taiwan-based business that specializes in futures brokerage and proprietary trading. It was established in 2011. The company runs its businesses through futures brokerage, which includes domestic futures brokerage, domestic options brokerage, offshore futures brokerage, and offshore option brokerage services; proprietary business, which involves trading in securities, futures, and options, among other things; consultancy services, which include futures market analysis and advices, futures-related book publishing and seminars, as well as futures managing services, proprietary trading, and other businesses. TPEx has granted Yuanta Futures Co., Ltd authorization and regulation; nevertheless, the entire scope of its regulatory license has not been made public.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Yuanta Futures Alternative Brokers

There are many alternative brokers to Yuanta Futures depending on the specific needs and preferences of the trader. Some popular options include:

• GF Futures - A highly regarded futures broker known for its comprehensive range of services and expertise, making it a reliable choice for clients seeking reliable futures brokerage solutions.

• HUISHANG FUTURES - A prominent futures broker that stands out for its strong research capabilities and customer-focused approach, making it a recommended option for investors seeking in-depth market analysis and personalized support.

• HUALIAN FUTURES - A well-established futures broker known for its robust technological infrastructure and user-friendly platforms, making it a recommended choice for clients looking for advanced trading tools and a seamless trading experience.

Is Yuanta Futures Safe or Scam？

Yuanta Futures operates under the regulation of TPEx (Taipei Exchange), which provides a level of oversight and compliance to their operations. However, it is important to note that there have been reports from users encountering difficulties with fund withdrawals and incidents related to potential scams associated with Yuanta Futures. These reports raise concerns and highlight the need for caution when considering Yuanta Futures as a trading option.

Products & Services

• Futures Introducing Broker (IB)

Yuanta Futures IB business has 21 clients, including Yuanta Securities, Taiwan Cooperative Securities, Kuanz Ho Securities, Taichung Bank Securities, Fenglong Securities, and others, as well as five clearing houses including Yuanta Securities, Optiver Taiwan, and Oriental Securities Corporation; additionally, with a convenient network of electronic channels (mobile phone app and internet platform), Yuanta Futures provides service without boundaries.

• FINI Department

The team at Yuanta Futures offers top-notch services to foreign institutional investors. These services include domestic agent services, manual order placement, a variety of quick and secure electronic order placement platforms, and tailored after-hours reports to fulfill the specific requirements of all of our FINI clients.

• Leverage Transaction Merchant

Yuanta Futures claims to offer clients and institutional investors a wide variety of profit and hedging channels because Yuanta Futures was the first to introduce foreign currency margin trading. The broker provide services in more than thirty foreign currencies, as well as program trading strategies, and on the basis of our advantages as a leading brand in options and long-term development of foreign exchange futures. In the future, Yuanta will work to gradually introduce the buying of Taiwan stock options, forward contracts, option contracts, exchange contracts, contracts for difference, and other related products, or combination contracts, like links to fixed income products, as the regulatory authorities continue to open the market.

Trading Platform

Yuanta Futures offers a flexible and convenient electronic operating platform - the cutting-edge Yuanta Futures Wizard app - providing consumers a fresh program trading experience. Yuanta Futures has Taiwan's strongest sales force and a wealth of professional expertise. Yuanta Futures has attempted to dispel the mystique and danger that previously surrounded the futures market and create a new age of riches and stability for its clients.

See the trading platform comparison table below:

User Exposure on WikiFX

On our website, you can see reports of unable to withdraw and scams. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section. We would appreciate it and our team of experts will do everything possible to solve the problem for you.

Customer Service

The Yuanta Futures customer support can be reached through telephone: 886-2-23261000 / 0800-333-338, as well as Facebook and Line.

Address: 3F., No. 77, Sec. 2, Nanjing E. Rd., Zhongshan Dist., Taipei City 104089 , Taiwan (R.O.C.).

Conclusion

In conclusion, the current situation surrounding Yuanta Futures raises significant concerns regarding the ability to withdraw funds associated with the company. While Yuanta Futures operates under the regulation of TPEx, the alleged difficulties in the withdrawal process have eroded trust and confidence among investors.

It is crucial for regulatory authorities to thoroughly investigate these reports and take appropriate actions to protect the interests of investors and uphold the integrity of the financial market. Addressing these concerns is paramount to restoring trust in Yuanta Futures as a reliable financial institution.

Frequently Asked Questions (FAQs)

Q1: What is the regulatory authority overseeing Yuanta Futures' operations？

A1: Yuanta Futures is regulated by TPEx (Taiwan Stock Exchange).

Q2: How can customers contact Yuanta Futures' customer support？

A2: Customers can reach Yuanta Futures' customer support through telephone at 886-2-23261000 / 0800-333-338. They can also contact customer support through Facebook and Line.

Q3: What is the electronic operating platform provided by Yuanta Futures？

A3: Yuanta Futures offers the Yuanta Futures Wizard app, which is a flexible and convenient electronic operating platform designed to enhance the trading experience for users.