Amana Capital Review: Regulation, Spreads and Platforms

Key Advantages and Drawbacks

The summary below rests on the terms Amana Capital published for the first quarter of 2026. It is written for an ordinary retail account, a balance of about 500 dollars rather than an institutional one, and it takes in the classic account at Amana Capital, the cost of trading major currency pairs, gold and Gulf shares, and how deposits and withdrawals work. The strengths and weaknesses come first.

Advantages

• A wide instrument range of more than 6,800 financial instruments, taking in Gulf and international shares, digital currencies and ETF funds, a count ahead of many competitors
• Licences from several strong regulators, among them CySEC, FCA and DFSA, which places the group’s entities under separate rulebooks
• A clear focus on the Arab market, with a full Arabic interface, support in Arabic and educational material in Arabic
• The firm’s own amana app, which is smooth to use and allows investment in physical shares with no commission on some instruments
• Support for social trading and copying positions through platforms such as ZuluTrade and Trade Captain
• A reasonable minimum deposit, starting at 50 dollars on the classic account

Drawbacks

• The classic account’s spread is relatively wide, starting at 1.4 pips on EURUSD, set against competing brokers such as Exness and XM that quote less on their standard accounts
• The Islamic account is not automatic and has to be applied for, and an administration charge may apply to positions held open for more than 10 days
• Some complaints on Trustpilot about slow withdrawals and about difficulty reaching customer service in certain cases
• The Active account demands a high minimum of 25,000 dollars, which puts its narrow spread out of reach for ordinary traders
• The amana app carries a rating of 3.9 on Google Play, below the apps of competitors such as Exness (4.8) and eToro (4.0)

Taken as a whole, Amana Capital suits Arab traders in particular: those after a wide instrument range with an emphasis on Gulf markets, and those who want to deal under several licences at once. It is a weaker fit for anyone whose first priority is the narrowest possible spread on a basic account.

Company Information

Amana Capital was founded in Beirut, Lebanon, in 2010, and later moved its head office to Dubai in the United Arab Emirates. Across more than 15 years in the brokerage industry it has grown into one of the better-known trading firms in the Middle East and North Africa, with a presence in more than 80 countries and a user base above 350,000 traders.

On the corporate information published as of February 2026, the firm runs its operations through several legal entities in different countries. It is led by chief executive Mohamad Rassoul, and keeps offices in Dubai, Beirut, Limassol in Cyprus, and London. That geographic spread lets the firm deliver its services under the local regulatory requirements of each market.

What separates Amana Capital from many international brokers is its early focus on the Arab market. The firm did not add Arabic as a later translation; it built its identity around serving the Arab trader, and that shows in the platform interface, in the educational material and in the availability of Gulf shares to trade.

Is Amana Capital a legitimate broker? The question recurs in Arabic search results. On the licence record, the answer is no fraud. The firm holds licences from established regulators including CySEC, FCA and DFSA, and has an operating record running more than 15 years. None of that makes it free of faults, or trading with it free of risk: roughly 70% of retail investor accounts lose money when trading contracts for difference with the firm. Anyone who wants to check a brokerage independently can start from the guide on how to avoid trading scams.

Why You Might Choose Amana Capital

A number of things set Amana Capital apart from other brokerages in the region. They do not make it the right broker for everyone, but they make it worth considering for particular groups of trader.

An unusual breadth of instruments: with more than 6,800 financial instruments available, Amana Capital is ahead of most competitors on this front. The range covers Gulf shares, including Saudi and UAE listings, international shares from the US and Europe, digital currencies and ETF funds. That breadth means there is no need to open accounts at several brokers to cover different asset classes.

First-tier licences: unlike many brokers that serve the Arab region only through offshore entities, Amana Capital holds licences from first-tier authorities, the British FCA and the Cypriot CySEC, alongside a DFSA licence from the Dubai International Financial Centre. That spread of licences means its entities answer to tighter rulebooks than a broker operating solely from an offshore jurisdiction. For more on licensing in the trading industry and how the tiers are ranked, see the separate guide.

A focus on the Arab region: Amana Capital is not a European broker that bolted Arabic on afterwards; it is a firm that started in the Arab region and understands what an Arab trader needs. That shows in the Gulf shares available to trade, in support offered in Arabic, in educational material written for an Arab audience, and even in local payment methods such as Whish Money in Lebanon.

Social and copy trading: the firm supports copying positions through third-party platforms such as ZuluTrade and Trade Captain. The feature is useful to beginners who want to draw on more experienced traders while they learn. Anyone at the start of that road should work through the basics of trading first.

Investing in physical shares: alongside contracts for difference (CFDs), the amana app allows investment in physical shares with no commission on some instruments. That means owning the share itself rather than a contract based on its price.

Licensing and Regulation

Every licence number Amana Capital quotes appears on the public register of the authority that issued it. On those registers as of February 2026, the firm holds a varied set of licences covering several jurisdictions, which reflects a deliberately regulated expansion strategy.

Is Amana Capital actually licensed? Yes, and the record is open to anyone. The Cypriot CySEC register (cysec.gov.cy) lists licence 155/11 against Amana Capital LTD. The British FCA licence, number 605070, can be confirmed the same way on the official FCA register (register.fca.org.uk). The DFSA licence, number F003269, can be checked on the Dubai Financial Services Authority website. The guide to checking a broker’s licence sets out how to do each of those.

What does this mean in practice? It depends on country of residence and on which entity takes the account. Traders in the Gulf Cooperation Council states may deal with the DFSA entity, for residents of the Dubai International Financial Centre, or with the LFSA or Mauritius entity for the rest of the region. The CySEC and FCA entities operate under the tightest rulebooks, with statutory funds and strict segregation obligations behind them, but they may not be open to every Arab client because of jurisdictional restrictions.

It is fair to note that holding FCA, CySEC and DFSA licences together is a clear advantage over the many brokers serving the Arab region through offshore licences alone. The DFSA licence matters particularly, because it means direct supervision from the Dubai International Financial Centre, one of the stronger regulatory frameworks in the region. For other brokers holding strong regional licences, see the CFI review.

Account Opening and Verification

As of February 2026, account opening through the amana app is clear and well organised, though it runs to several steps. Initial registration is a short online form, short enough to complete in about 5 minutes: basic personal details, meaning name, email address, telephone number and country of residence, plus a financial suitability questionnaire assessing experience and financial circumstances.

Identity verification (KYC) is the next step. A passport or national identity card is required, together with proof of address, which can be a bank statement or a recent utility bill. Documents are uploaded through the app. The broker states that verification is normally finished within one business day; some traders report clearance inside a few hours, which turns on the legibility of the documents and the compliance team’s workload.

One point worth recording: unlike brokers that allow trading before verification is complete, Amana Capital requires full verification before a deposit or a trade is permitted. Anyone wanting to start immediately will find that irritating, but it is a positive signal about the firm’s adherence to anti-money-laundering standards and to client protection rules.

For anyone new to trading who wants the general shape of the process, the guide on opening a trading account walks through the steps as they apply across brokers.

The account-opening steps in brief:

• Download the amana app or visit the official website and enter personal details
• Answer the financial suitability questionnaire on experience, income and objectives
• Upload verification documents, identity plus proof of address, through the app
• Wait for approval, usually within one business day
• Deposit funds and choose a trading platform: the amana app, MT4 or MT5

Account Types

Amana Capital offers three main account types aimed at different groups of trader. The differences run beyond spread and minimum deposit to the level of service and support provided and to the instruments each one reaches.

The Classic account is the one open to most individual traders. Its spread starts at 1.4 pips on EURUSD, above the level brokers such as Exness quote on their standard accounts, at 1.1 pips. The advantage of the Classic account is that no separate commission applies: the whole cost is built into the spread.

The Active account quotes a very competitive spread from 0.1 pips with commission of 3 dollars per lot per side, or 6 dollars round trip. That compares well with brokers such as IC Markets and Pepperstone, at 7 dollars round trip. The catch is the minimum deposit of 25,000 dollars, a level that puts this account out of reach for most individual traders.

The Elite account is built for institutional traders and large private wealth, with a minimum of 250,000 dollars and negotiable terms on commission and services. Clients on it are given a dedicated account manager and exclusive research.

The Islamic account: all three account types are available in a swap-free form. Unlike brokers such as Exness, which switch the Islamic account on automatically, Amana Capital requires a specific application to convert an account, and may ask for documentation supporting the request. The point that matters most: an administration charge may apply to positions held open for more than 10 days, and that is a real reservation for an Arab trader to know about. Whether forex trading is permissible under Islamic law is a religious question outside the scope of this review, but the availability of a swap-free option gives an alternative to anyone who needs their dealing to fit those rules.

Fees and Trading Costs

Trading costs bear directly on a trader’s profitability over the long run. The comparison below sets the published pricing against three competitors: Exness, XM and eToro.

Spreads

On the pricing published as of February 2026, the classic account quotes a variable spread, so the figure moves with liquidity rather than sitting at one level. It widens around the close of the European and US sessions and around significant economic releases, and comes closest to the advertised floor while the London and New York sessions overlap.

The table below gives indicative spreads on the classic account, which charges no commission, for the most heavily traded instruments, alongside three competitors. The figures are approximate and come from published pricing and from independent review sources covering the first quarter of 2026.

As the table shows, the Amana Capital spread on the classic account sits in the middle-to-upper part of the range: above Exness and eToro on most pairs, and close to XM. Anyone looking for the lowest possible cost with this broker will want the Active account and its narrow spread of 0.1 pips, though that requires a large deposit. For comparison with other brokers, see the other broker reviews.

Commissions

The Classic account charges no commission at all; the cost sits entirely in the spread. The Active account charges 3 dollars per standard lot per side, or 6 dollars round trip. That compares well with most brokers, which charge 7 dollars round trip on ECN accounts.

Overnight Financing (Swap)

Overnight financing applies to positions still open after the daily market close. It varies by instrument, by direction of the position and by prevailing interest rates. On Wednesdays the swap is charged three times over to cover the weekend.

On Islamic accounts no overnight financing is charged, but as noted above an administration charge may apply to positions held open for more than 10 days. That restriction makes the Islamic account a poorer fit for anyone who prefers longer-horizon strategies, whether Swing Trading or Position Trading.

Deposit and Withdrawal Fees

Amana Capital does not generally charge for deposits. Withdrawals include one free transaction a month, and a charge reaching 1.5% may apply to additional withdrawals in some cases, depending on the payment method used. That is a negative against brokers such as Exness, which charges no withdrawal fee at all.

Of the published routes, a card deposit is the quickest and is credited to the account immediately. The payment provider may still levy charges of its own on an international transaction.

Inactivity Fee

On the information available on the official website and from several independent review sources, Amana Capital charges no inactivity fee on dormant accounts. That is a positive against brokers that levy a monthly charge on an inactive account after a set period.

Fees Overall

Taken as a whole, Amana Capital’s fee structure is acceptable rather than the cheapest in the market. The Classic account suits beginners, though its spread is above average. The Active account offers a very competitive cost of trading but demands a high minimum deposit. The absence of an inactivity fee counts in its favour; the charge on additional withdrawals after the first free one each month is a negative that needs weighing.

Desktop Trading Platforms

Amana Capital offers several trading platforms for the desktop and the browser, which lets a trader pick whatever fits their own style and experience. The firm provides both MetaTrader 4 and MetaTrader 5, alongside a web platform of its own.

MetaTrader 4 (MT4): the most widely used platform in forex. It supports automated trading through expert advisers (Expert Advisors) and carries a broad set of technical indicators and charting tools. The broker supplies the standard MT4 build, which is the version most traders already know.

MetaTrader 5 (MT5): the newer generation of MetaTrader, with more timeframes, 21 against 9 on MT4, depth of market (DOM), an embedded economic calendar and support for further order types. Amana Capital offers MT5 in two modes: Hedging, which allows several positions on the same instrument in different directions, and Netting, which nets down to one position per instrument. The full instrument range is available on MT5.

Amana WebTrader: a browser-based platform that needs no software installed. It carries the core trading and charting functions, but it is less developed than MT4 and MT5 on technical analysis tools and on automated trading. It suits anyone who wants to deal quickly from any machine without installing anything.

Additional tools: Amana Capital integrates third-party analytics such as Autochartist, which generates automatic chart-pattern analysis, and a VPS service for anyone wanting expert advisers running around the clock. For a detailed look at what each trading platform does well and badly, see the guide to trading platforms.

Mobile Trading Apps

For traders who work from a phone, Amana Capital offers a developed app of its own called “amana”, alongside the official MetaTrader apps. What the amana app does, as published for Android as of February 2026, is set out below.

The amana app carries a rating of 3.9 out of 5 stars on the Google Play store, from more than 5,700 reviews, with over a million downloads. That sits below the apps of competitors such as Exness Trade (4.8/5), though it reflects a wide spread of user experience.

The interface is modern and built more in the style of a contemporary investing app than a traditional trading terminal. Arabic is fully supported, with correct RTL layout. The app handles contracts for difference and physical share investment from the same account, along with portfolio management and a clear visual read on performance.

One notable feature is the app’s support for social trading: other traders can be followed, their performance reviewed and their positions copied. That is useful for beginners, but it carries risk, because past performance does not guarantee future results.

Alongside the proprietary amana app, the official MT4 and MT5 apps from MetaQuotes are available on both stores. Those cover the core trading and charting functions, but they do not carry physical share investment or social trading.

For a broader comparison of brokers’ mobile apps, there is a guide to the best trading apps.

Tradable Instruments

This is one of the strongest areas at Amana Capital. The firm lists more than 6,800 financial instruments to trade or invest in, a figure clearly ahead of most competing brokers in the region. The breakdown below follows the instrument lists published for the amana app and the MT5 platform.

The standout point is the availability of Gulf and wider Arab shares to trade, which many international brokers do not offer at all. For an investor interested in the Gulf markets, meaning Tadawul and the Abu Dhabi and Dubai exchanges, who also wants forex and international shares from a single account, that breadth is a real advantage.

The currency-pair range is strong, at more than 70 pairs including exotics. Gold (XAUUSD) is among the more heavily traded instruments on the platform and has reasonable liquidity behind it. For anyone drawn to precious metals, the guide to trading gold covers the basics of that market.

One caveat: the number of instruments and their range differ by legal entity and by platform. The amana app carries the widest selection, physical shares included, while MT4 may be restricted on some asset classes.

Order Execution

Order execution is not assessed in this review. No account was funded and no order was placed for it, so nothing here rests on an observed fill. What follows is what the broker publishes about its execution arrangements.

The broker publishes no fill-time statistic, so no latency figure appears here. Traders who depend on the last few milliseconds, professional Scalpers above all, should test execution on a demo account or on a small live balance of their own before committing size.

The same applies to slippage (Slippage). Under a variable-spread model an order is filled at the next available price, so slippage is possible in either direction and is likeliest when liquidity is thin, such as before the European session opens. Whether it runs wider here than at Exness or IC Markets is not something this review can quantify.

The order types available include immediate market orders, pending orders (Buy Limit, Sell Limit, Buy Stop, Sell Stop), stop-loss and take-profit, and advanced orders such as Trailing Stop. The MT4 and MT5 platforms carry the full set; the amana app offers the basic types through a simplified interface.

Deposit Methods

Amana Capital offers a varied set of deposit methods covering what traders in the Arab region need, including Apple Pay from inside the app. The methods, minimums and processing times below are the broker’s own published figures.

The positive here is that every deposit method is free on Amana Capital’s side. Support for Apple Pay and for instant UAE bank debit reflects the firm’s focus on making the experience easy for traders in the Emirates and the Gulf. Offering Whish Money as a local payment method in Lebanon reflects the firm’s Lebanese roots.

One thing to watch: the payment provider may levy charges of its own on an international transaction. Depositing in a currency other than the account’s base currency may also attract a conversion charge.

Withdrawal Methods

Withdrawal methods at Amana Capital broadly mirror the deposit methods, and requests are raised from the control panel in the app or on the website. One point matters more than the rest: only the first withdrawal each month is free, and a charge may apply to further withdrawals.

Can money be withdrawn from Amana Capital, and what about the reported withdrawal problems? This is one of the most common questions in Arabic search. Withdrawals run through the published routes in the table below, and on the terms the firm states as of the first quarter of 2026, processing runs from one business day on a card to several on a bank transfer. No withdrawal was made for this review, so the timings quoted are the firm’s own published figures rather than observed ones.

On the complaints circulating on Trustpilot about slow withdrawals, some relate to accounts where identity verification was left incomplete, and some to additional anti-money-laundering requirements on larger amounts. For a fully verified account and moderate sums, there is no public pattern that points to a systemic withdrawal problem. Withdrawal time is nonetheless slower than at brokers such as Exness, which offers instant withdrawal through e-wallets.

Completing identity verification in full before depositing a large amount, using the same payment method for the deposit and the withdrawal, and keeping a record of every transaction all reduce the chance of a delay.

Customer Support

Support is not scored in this review; scoring it would need enquiries that were never sent. What follows is the set of channels the firm published as of February 2026, with the hours and the languages stated for each.

Live Chat: live chat opens with an automated assistant before a request is passed to a human agent. Arabic-speaking agents staff the channel. No target response time is published for chat, and neither the queue time nor the depth of the answers is assessed here.

Email: a support address is published for written enquiries, including questions about the Islamic account ([email protected]). No target response time is published for email, and none is quoted here.

Other channels: contact is also possible through WhatsApp, Telegram and Messenger, alongside a UAE telephone number (+971 4 276 9525). Having several channels counts in the firm’s favour, WhatsApp above all, which many Arab traders prefer to anything else.

The clear positive is the number of contact channels, WhatsApp and a telephone line among them, which many competitors do not provide at all. Neither the speed nor the depth of the replies is assessed here, so no comparison against brokers such as Exness is offered on that basis.

Research and Educational Material

The educational and research material Amana Capital publishes is distinguished by a clear orientation towards an Arabic-speaking readership, which is exactly what many international brokers lack when they ship translated content of uneven quality.

Educational content: the website and the app carry a set of Arabic-language articles and videos covering trading basics, technical analysis, risk management and platform walkthroughs. The material suits beginners and intermediate traders. It does not go as deep as the research published by brokers such as IG or Saxo Bank.

Analysis and research: the firm publishes daily market notes and weekly reports covering the main developments in forex, equities and commodities. Part of that is available in Arabic inside the app. The notes appear on a regular schedule and cover the Arab markets as well as the global ones, which is a genuine point of difference.

Autochartist tools: the Autochartist integration supplies automatic chart-pattern analysis and trade alerts generated by automated technical analysis. That is useful for anyone without the time to work through charts themselves.

Webinars and events: the firm runs Arabic-language educational sessions (Webinars) at regular intervals, which reflects a commitment to the Arabic-speaking trader. For deeper study of financial analysis and its tools, specialist educational sources alongside what the broker provides are the better route.

Fund Safety and Safeguards

Fund safety matters more than almost anything else in choosing a broker, particularly in a market carrying this much risk. On the fund-protection arrangements Amana Capital published as of February 2026, there are several layers, and they differ according to which entity holds the account.

Segregation of client money: Amana Capital states that client money sits in accounts separate from the firm’s own operating funds across all of its entities. The level of supervision over that separation differs by regulator: the CySEC and FCA entities face very strict segregation requirements, while the LFSA and Mauritius entities are held to a lighter standard.

Negative balance protection: Amana Capital applies negative balance protection for individual clients where local rules require it, as in the European Union and United Kingdom entities, so losses on such an account cannot run past its balance. Whether it applies to a given account turns on the entity that account sits with, which is worth confirming before funding.

Statutory funds, entity by entity: the CySEC entity falls within the investor compensation fund (ICF), whose statutory ceiling is 20,000 euros. The FCA entity is supervised under the British regime. The DFSA entity answers to the Dubai International Financial Centre, which provides a substantial regulatory framework. The LFSA and Mauritius entities have no comparable statutory fund standing behind them.

On fund safety overall, Amana Capital is a firm with an operating history running more than 15 years and licences from strong regulators. Holding FCA, CySEC and DFSA licences places it above the average of brokers working solely under offshore licences. An Arab trader should still establish which entity will take the account, and what safeguards apply in their own country of residence.

The Verdict

On the published record as of the first quarter of 2026, Amana Capital is a well-regulated broker offering a complete trading proposition with a clear focus on the Arab market, carrying a few weaknesses that belong in the decision.

Who Amana Capital suits:

• Arab traders looking for a broker that understands the Arab market and offers Gulf shares to trade
• Anyone wanting a wide instrument range, more than 6,800 of them, with physical share investment alongside it
• Traders who want strong first-tier licences: FCA, CySEC and DFSA
• Anyone drawn to social trading and copying positions as a way of building experience
• Traders with larger capital, 25,000 dollars and up, who can use the Active account and its narrow spread

Who it may not suit:

• Anyone after the narrowest possible spread on a basic account: the Classic account’s 1.4 pips sits above competitors
• Traders who need instant withdrawal, where Amana is slower than brokers such as Exness
• Anyone wanting an automatic swap-free account with no administration charge on longer-held positions
• Scalpers who need ultra-fast execution, under 25 milliseconds, since the broker publishes no fill-time figure at all

Common concerns addressed:

On the question “is Amana Capital a scam?” which recurs in Arabic search, the licence record answers no. The firm has traded since 2010 and holds licences from first-tier authorities (FCA, CySEC and DFSA) with a physical presence in several countries. That does not mean every dealing with the firm will be trouble-free, and it does not mean trading with it carries no risk of financial loss: roughly 70% of retail investor accounts lose money trading contracts for difference with the firm.

On the delayed-withdrawal complaints circulating on Trustpilot, where the firm carries a rating of 3.5 out of 5, there is no sign of a systemic problem, but withdrawal is not instant as it is at some competitors, and the policy of one free withdrawal a month will irritate an active trader. Equiti offers comparable services in the region and is worth setting beside it. For more on separating trustworthy firms from fraudulent ones, see the guide to fraud in the trading market.

On “Amana Capital and Islamic law”, a swap-free account is available but is not the best in the sector, because of the administration charge that may apply after 10 days. Brokers such as Exness provide a swap-free account automatically with no additional charge.

On “is Amana Capital banned in Saudi Arabia?” the firm accepts clients from Saudi Arabia and serves residents there. It is not licensed by the Saudi Capital Market Authority (CMA), which is true of most international brokers operating in the region.

This review publishes no score of its own: the rating shown in the summary panel at the top of the page is derived from the published methodology. On the substance, this is a solid broker with strong licences, exceptional instrument breadth and a distinctive focus on the Arab market. The areas needing work are the relatively wide spread on the classic account, withdrawal speed, and the terms of the Islamic account. Comparing it with other options on the broker reviews page is worth the time before deciding, and the eToro review is the one to read for social trading as an alternative.

Related reviews on this site: FXCM.