amana

About Amana

Amana is an online trading platform headquartered in the United Arab Emirates (UAE), offering access to over 6,000 financial instruments including Forex, Commodities, Stocks, Cryptocurrencies, ETFs, Indices, and Metals.

The platform offers leverage up to 1:100 and claims to provide spreads up to 70% lower than average.

While Amana holds multiple licenses from regulatory bodies, some licenses have expired, been revoked, or are suspected to be counterfeit, raising concerns about its regulatory standing.

Pros

• Wide range of tradable assets

• Zero commission on trades

• Supports both MT4 and MT5 platforms

• Offers 3 account types

• Multiple deposit & withdrawal options

• Live chat support available

 Cons

• Some licenses are revoked, expired, or questionable

Account Types & Platforms

Amana offers three account types:

• MT4 (Hedged)

• MT5 (Hedged)

• MT5 (Netting)

Both MT4 and MT5 are widely used platforms, with MT5 providing more advanced tools and support for multi-asset trading.

Amana also has its own trading app – the Amana App, which offers commission-free access to over 5,500 instruments.

Leverage & Fees

• Maximum leverage is 1:100, depending on asset class.

• Zero trading commission.

• Overnight and transaction fees may apply on OTC products, regional equities, leveraged crypto, and derivatives.

Payment Methods

Amana supports:
Visa, Mastercard, Amana prepaid card, Apple Pay, bank transfer, UAE online banking, Neteller, Skrill, Wish Money (Lebanon), and cryptocurrencies.

No fees are charged for deposits and withdrawals using cards.