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Amana Financial Services UK provides direct access to global financial markets.
Company. Fund security
Amana Financial Services UK Ltd is part of Amana Capital Group, which consists of five divisions: Amana Financial Services-UK, Amana Financial Services (Dubai) Limited, Amana Capital SAL-Lebanon, Amana Capital (Cyprus) Limited and TradeCaptain.com.
Amana Financial Services UK provides brokerage services in the UK. The company is licensed by the FCA. We have written on several occasions that the FCA is the authoritative regulator in the world, which applies strict rules to licensed firms. Brokers are required to keep client funds in segregated bank accounts, must have a minimum of € 730,000 in their own account, and must participate in trader compensation schemes. A number of these requirements minimize the risk of losing money for investors due to poor broker performance.
Trading conditions
Clients of Amana Financial Services UK can choose several products: currency pairs, book currencies, gold, silver and CFDs on currencies, commodities, metals, commodities, futures.
In Amana FS, traders will find several accounts: Mini MT5, Basic MT5, Elite MT5, Basic MT4.
Minimum initial deposit
You can get started with as little as $ 50. This is an excellent price at which trading in the company becomes available to almost everyone. If you are in doubt about whether you should open an account with a broker, we advise you to read the reviews about the company on our page and study trading on a demo account.
Spreads and commissions
Spreads vary depending on the type of account. If you start trading with $ 50, then the spreads for the popular EUR / USD pair will be 1.4 pips. And no commissions are charged anymore.
Leverage
The maximum leverage rates are up to 1: 500. Compared to other brokers, this offer is considered above average. Although there are companies that offer leverage up to 1: 1000.
Trading platforms
The well-known Metatrader 4 (MT4) platform is available with Amana FS, as well as its successor, MetaTrader 5 (MT5). Both terminals are available in desktop, web and mobile versions.
More than 90% of traders around the world choose MT4 as the platform is equipped with a full set of technical analysis tools, advisors and functions for testing advisors.
Amana FS is one of the first brokers to offer MT5 for trading, in which the developers have retained all the functions of the previous version while adding new ones. It is worth noting that Expert Advisors created for trading on MT4 will not work on the MT5 platform.
Education
Amana Capital has many training materials. Experts conduct English-language seminars on technical analysis and other topics. Webinars are divided into beginners, confident traders, and professionals.
Social Trading from Amana Capital allows traders to communicate, share experiences and trading strategies.
I would also like to see reviews from analysts.
Support service
Traders can contact an Amana FS representative by telephone worldwide: London, Dubai, Riyadh, Al Khobar, Limassol, Cyprus and Lebanon. Email addresses are also provided. Online chat is available on all pages of the site, and messages can be sent through an online form.
Ways of payment
You can deposit or withdraw money from your account using credit / debit cards, bank transfers and electronic wallets Skrill, Neteller, WebMoney, Moneta.ru, Qiwi, FasaPay, Ayeer, ePay, Perfect Money, advcash.
Lebanese customers can only make deposits and withdrawals using credit / debit cards and bank transfers.
Pros:
small deposit; leverage up to 1: 500; cryptocurrency trading; trading on MT4 and MT5 platforms.
Minuses:
no bonus offers and promotions; analytics is poorly represented.
AMANAFINANCIAL_SERVICES_UK is a company whose task is to provide intermediary services to traders. Brokers / Crypto exchanges provide access to currency / cryptocurrency trading, first of all. Also, many of them, if we are talking about brokers, give the opportunity to make transactions with company shares, bonds, commodities, precious metals, indices, cryptocurrency and other assets. A private person can make transactions with all these instruments only on a trading platform, access to which is provided by a broker or a crypto exchange.
In addition, thanks to such companies, an individual can operate in the market with amounts significantly exceeding the amount of his own funds. This is called the provision of leverage. For example, having a deposit of 1,000 USD with a leverage of 1:400, a trader can make transactions for 400,000 USD.
As well, the broker / crypto exchange opens access to analytics, auxiliary tools, trading signals. Without all this, modern trading is impossible.
AMANAFINANCIAL_SERVICES_UK profits from traders' trades, usually in two main ways
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First – most common. Using spreads. This word refers to the difference between the best prices for buying and selling a certain asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between the broker and market users - another. The mediator takes the difference.
The second method is easier to understand. This is a fee for each operation performed. Most often it has a standard value, but can also be measured as a percentage.
Therefore, the company is interested in attracting as many clients as possible and that they conduct active trading.
How honest brokers / crypto exchanges should work and how they work, we found out. And now let's look at how scammers act, they are also called kitchens.
The most common way to cheat – is to twist quotes. Broker / crypto exchange gives the trader quotes that differ from the real market. There is a substitution of data in order to make operations unprofitable. The deposit is reduced, and then completely reset. At the same time, the trader thinks that his operations were made on the market, but in fact – just on the site of scammers.
Bonus – traps. They are generously distributed for anything: registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money mixed with bonus money, it will be necessary to fulfill a number of actually impossible conditions. For example, to conduct trading operations in the amount of ten times more than the size of the deposit.
The User Agreement may also mask a clause that allows the broker / crypto exchange to dispose of the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.
One of the key points – it is the place of registration and regulation of the company's activities.
First let's talk about registration. As a rule, traders are more trusted by companies either from their own country or from an economically developed country, for example, a member of the European Union. Of course, compliance with UK law is reassuring, and compliance with the laws of an unknown island in the Indian Ocean does not mean anything to most at all.
On fact, most brokerage companies are registered offshore, and we are talking not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are popular offshore zones among companies. Registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.
If a trader has claims against such a company, then it is likely that he will have to deal with it in accordance with the laws of the same conditional Belize. It is possible to be physically present there at court hearings. And this is extremely expensive and difficult.
No is it worth running like fire from just the word «offshore»? As an answer, we will cite the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes with the help of offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.
And here we come to the second important point – this is the regulation of the broker / crypto exchange. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokering. So, in Russia it is the Central Bank of the Russian Federation. The trader can find permits on the websites of such authorities. But there are also supranational structures. For example, the International Financial Commission, which is an independent self-regulatory organization, specifies disputes between its members – brokers and their clients.
If there is no information on the broker's website / crypto exchange about the regulation of its activities or license, then it is almost certainly a scammer. Or on the site there is data on some license issued by him, but this information is not confirmed anywhere else. Most likely, these are also scammers.
When choosing a brokerage company, or crypto exchanges, study its history. Look at the links to its experts. If one of the leading TV channels in the economic news for 5 years in a row refers to the opinion of the analyst of the broker in question – this is good. If the broker / crypto exchange assures that it has been working for 15 years, but there is no information about it on the Internet at all – this is bad.
It is important to pay attention to reviews about the company. And read them not only on the website of the broker itself / crypto exchange. In the kitchen, they will certainly be only praiseworthy. It is better to view as many sites as possible.
Pay attention solely to the specifics in the offers on the websites of brokers / crypto exchanges. Honest companies openly write about interest, spread size, minimum deposit, etc. Scammers lure loud streamlined phrases about a rich tomorrow, a stable income, mislead with incomprehensible terms about multi-sites, superfunctions and so on.
Specify the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers / crypto exchanges sometimes hold social promotions. Scammers will definitely not do this.
Therefore, the process of choosing a broker / crypto exchange is complicated. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich around the world
.Any feedback can raise or lower the rating company. To read reviews, go into the rating and select your broker or crypto exchnage.
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Before any trade and choosing a broker You must always read reviews on this site and on other sites. Companies who are honest, have a rating of above 3.8. Also there is always the risk of loss when trading CFDs. Be careful and read the disclosure on the website of the company you chose. AMANAFINANCIAL_SERVICES_UK received a score of 1 of 5 on our resource.