Amana Capital (Cyprus)

In this comprehensive Amana Capital (Cyprus) review, we analyze the broker's regulatory standing, trading fees, and platform usability. Our objective evaluation breaks down key performance metrics to help you determine if Amana Capital (Cyprus) is a good broker for your specific trading goals.

Is Amana Capital (Cyprus) Legit and Safe?

Amana Capital (Cyprus) operates as a licensed and legitimate investment firm, providing high safety standards under its European CySEC regulation [1.1.1, 1.2.7]. As a long-standing broker, it has built a transparent operational history that caters primarily to traders seeking a secure, European Union-compliant trading environment [1.1.1, 1.1.5, 1.1.6].

What Is Amana Capital (Cyprus)? Company Background

Amana Capital (Cyprus) is operated by Amana Capital Ltd, an investment firm headquartered in Limassol, Cyprus [1.1.6]. Established in 2010, the broader group launched its Cyprus operations after securing its licensing in 2011 [1.1.1, 1.2.7].

While the broker initially focused on traditional retail and institutional brokerage services, the wider brand has modernized in recent years, launching a dedicated mobile trading application primarily targeting the Middle East and international markets [1.2.2, 1.2.3]. However, the Cypriot subsidiary remains distinct, operating under its local domain (amanacapital.com.cy) to focus exclusively on highly regulated European market operations.

Amana Capital (Cyprus) Regulation

Amana Capital (Cyprus) is regulated by the Cyprus Securities and Exchange Commission [1.1.6]. This regulatory body represents a highly respected European supervisory authority. You can visit the official CySEC official website to check the license status of Amana Capital Ltd. To verify this independently, look up license number 155/11 on the regulator's investment firm database [1.1.1].

The table below details the regulatory licenses and client protection schemes across the main entities in the Amana Capital Group.

While the wider group utilizes offshore jurisdictions for more flexible trading environments, European-based clients are strictly protected under the CySEC framework's robust financial guarantees [1.1.5].

Which Amana Capital (Cyprus) Entity Serves Your Region?

Clients registering from the European Economic Area (EEA) are onboarded under Amana Capital Ltd, governed by CySEC and MiFID II guidelines [1.1.6]. International users who download the global "amana app" are defaulted to AFS Global Ltd (Labuan, Malaysia) or ACG International Ltd (Mauritius) [1.2.2, 1.2.4].

• Onboarding Differences: Onboarding under CySEC requires strict appropriateness tests to assess the trader's market knowledge [1.1.5]. Offshore registration features simplified, faster KYC processes.
• Leverage Limits: European accounts are capped at a maximum retail leverage of 1:30 [1.1.6]. Offshore entities offer leverage up to 1:100 or higher depending on the asset [2.1.7].
• Protection Levels: CySEC onboarding guarantees negative balance protection and access to localized compensation schemes [1.1.5]. Offshore onboarding offers no government-backed compensation or standardized negative balance guarantees.

Restricted Countries

Amana Capital (Cyprus) does not provide investment services to residents of the United States, Canada, North Korea, Iran, and several other FATF high-risk jurisdictions [1.2.7]. Local regulatory limits prevent the Cyprus entity from onboarding retail traders residing outside the EEA.

Client Fund Protection

Amana Capital (Cyprus) maintains multiple layers of capital protection to ensure the safety of retail client deposits [1.1.5].

• Segregated Accounts: Retail trader deposits are completely segregated from the broker’s operational funds, held in top-tier European banking institutions [1.1.5].
• Investor Compensation Fund (ICF): Because Amana Capital Ltd is a CySEC-authorized Cyprus Investment Firm (CIF), clients are protected by the ICF [1.1.5, 1.1.6]. In the event of broker insolvency, the fund can compensate retail clients up to €20,000.
• Negative Balance Protection: Under ESMA guidelines, retail accounts cannot slip into negative equity, ensuring that traders never lose more money than they have deposited.

Amana Capital (Cyprus) User Reviews and Trustpilot Rating

Amana Capital (Cyprus) holds a Trustpilot rating of 3.5/5 based on approximately 120 reviews, reflecting mixed user sentiment regarding its overall performance as of June 2026. The user base is divided between those utilizing the modern app ecosystem and traditional traders experiencing backend delays. You can See Amana Capital (Cyprus) reviews on Trustpilot to read detailed accounts of current customer experiences.

• User-Friendly Trading Interface: Many clients praise the direct and highly intuitive interface of the modern amana application, noting that it avoids cluttering the dashboard with unnecessary menu options [2.1.4].
• Stable Execution under Volatility: Traders frequently report fast and reliable order execution even during highly volatile market conditions, allowing them to close or open positions near their targeted prices.
• Convenient Onboarding: The initial registration and profile verification processes are widely cited as quick, uncomplicated, and beginner-friendly.
• Delayed Withdrawals: A recurring and serious complaint among users involves excessively slow withdrawal processing times, with some clients reporting that funds can take up to 10 days or longer to arrive [2.1.1, 2.1.2].
• Support Accessibility Issues: Traders express frustration over reaching human support staff, noting that the broker relies heavily on automated chatbots and that direct lines to local regional offices are difficult to establish [2.1.1].
• High Spreads and Swaps: Multiple reviewers express dissatisfaction with the broker's pricing structures, highlighting that standard account spreads and overnight financing fees are uncomfortably high compared to competitors [2.1.1].

Amana Capital (Cyprus) Account Types

Amana Capital (Cyprus) provides a tiered account model with a highly accessible minimum deposit of $50, though its most competitive raw spreads are locked behind steep institutional-grade barriers. The broker attempts to bridge the gap between casual retail trading and high-volume institutional needs, but the stark divide in deposit requirements heavily dictates trading conditions.

Amana Capital (Cyprus) Account Types and Minimum Deposit Requirements

To accommodate different levels of capital and expertise, the broker segments its services into three distinct live trading tiers. Because European regulatory standards under CySEC apply to all retail accounts, retail leverage is legally capped at 1:30 across the board, regardless of the selected tier [1.1.6].

• Classic Account: Requiring an entry-level minimum deposit of $50, this account operates on a commission-free pricing structure for forex pairs and cash CFDs. However, to compensate for the lack of commission, spreads are marked up and start at a relatively wide 1.4 pips for the EUR/USD. Futures CFDs carry a flat commission of $10 per lot, and share CFDs are charged at $0.02 per share. This option is ideal for beginners and casual swing traders who value simplicity and low entry capital over ultra-tight spreads.
• Active Account: Targeting professional-grade high-volume traders, this tier carries a highly prohibitive entry barrier consisting of a $25,000 minimum deposit alongside an ongoing monthly trading volume requirement of $100 million. In exchange, the broker provides market-direct raw spreads starting at 0.1 pips on major currency pairs, paired with a low commission of $3 per lot traded on forex. This spread-and-commission trade-off is highly cost-effective for automated traders and scalpers, but the massive capital requirement excludes the vast majority of retail participants.
• Elite Account: Tailored strictly for corporate desks, asset managers, and institutional players, this high-end tier requires a massive $250,000 initial deposit. It offers ultra-tight institutional pricing, custom APIs, and personalized support, representing a premium service bracket that is out of reach for standard market participants.

Does Amana Capital (Cyprus) Offer an Islamic Account?

Amana Capital (Cyprus) offers fully Sharia-compliant, swap-free Islamic accounts to Muslim clients upon request. These accounts do not incur or accrue overnight interest charges (rollovers), though the broker may monitor holding periods and apply administration fees on positions left open beyond a specified number of days to prevent speculative abuse.

Amana Capital (Cyprus) Fees and Trading Costs

Amana Capital (Cyprus) maintains a mid-range pricing model compared with similar brokers, combining commission-free retail accounts with higher-than-average spreads. While the broker’s low entry requirements are appealing, active traders should carefully assess how its tiered spreads and swap structures impact their overall trading margins.

Amana Capital (Cyprus) Trading Fees (Spreads / Commission Fees / Swap and Overnight Fees)

Trading fees at Amana Capital (Cyprus) depend strictly on the account type you open and the financial instruments you trade. The primary trading costs include the bid-ask spread, flat commissions on specific asset classes, and overnight financing rates.

• Spreads: For retail clients using the Classic account, forex spreads are variable and start at a relatively wide 1.4 pips for EUR/USD and 1.9 pips for GBP/USD. This markup is slightly higher than the retail industry average, which typically floats around 1.0 to 1.2 pips for standard, commission-free accounts. On the Active and Elite accounts, spreads tighten significantly to as low as 0.1 pips, but these rates require substantial capital commitments.
• Commissions: Spot forex pairs and cash CFDs traded on the Classic account are entirely commission-free. For other asset types across all accounts, specific commissions apply. Future CFDs carry a flat commission of $10 per standard lot ($5 on Active accounts), while Share CFDs are subject to a $0.02 per share fee.
• Swap and Overnight Fees: If you hold a leveraged CFD position open past the daily server cut-off time (typically 5:00 PM EST), you will pay or earn an interest-based rollover fee (swap). Swaps are calculated using the interest rate differentials between the two traded assets and the size of your position. Tripled swap rates are debited or credited on Wednesdays to account for the weekend settlement of spot forex contracts.

Amana Capital (Cyprus) Non-Trading Fees (Inactivity Fees / Currency Conversion Fees)

In addition to direct trading costs, the broker levies several non-trading fees that can impact inactive accounts or clients using multiple currencies.

• Inactivity Fees: Amana Capital (Cyprus) charges a $10 monthly inactivity fee if a trading account remains completely dormant without any deposit, withdrawal, or trading activity for 12 consecutive months. Accounts with a zero balance are not penalized and may be archived after a prolonged period of dormancy.
• Currency Conversion Fees: The broker supports base account currencies in USD, EUR, and GBP. If you deposit funds or purchase an asset denominated in a currency different from your account's base currency, the broker applies a standard currency conversion markup. Matching your account’s base currency to your funding source is highly recommended to avoid repeated conversion losses.

Amana Capital (Cyprus) Deposits & Withdrawals

Amana Capital (Cyprus) offers a standard selection of funding channels with no deposit fees, but withdrawal delays and processing hold-ups represent a notable point of friction for some clients.

To fund an account or request a payout, clients can choose from several payment channels. These include traditional bank wire transfers, major credit and debit cards (Visa, Mastercard, and Maestro), and popular e-wallets such as Skrill and Neteller. The minimum deposit limit is set at $50 for the entry-level Classic tier.

While deposits made via credit cards, debit cards, and e-wallets are processed instantly and are free of broker-side transaction fees, bank wire transfers can take between 2 and 5 business days to clear. It is important to note that while the broker does not charge for bank deposits, intermediary banking institutions may levy their own handling fees.

When it comes to withdrawing funds, anti-money laundering (AML) laws dictate that payouts must be sent back to the exact payment method and account used for the initial deposit. Payouts via e-wallets and credit cards are typically processed within 24 to 48 hours. However, bank wire withdrawals are significantly slower, frequently requiring between 3 and 10 business days for the funds to clear into the client’s personal bank account.

Specific and repeated complaints regarding withdrawal processing times have been raised by clients on public platforms. Multiple users report that their withdrawal requests have remained in a "pending" status for over two weeks without clear explanations. Seeking updates on these delayed funds is a major source of frustration, as clients report getting stuck in automated chatbot loops on the website, making it difficult to escalate their issues directly to human finance representatives [2.1.1, 2.1.2].

Amana Capital (Cyprus) Trading Platforms, Conditions & Experience

Amana Capital (Cyprus) delivers a well-rounded and technologically versatile trading experience by combining industry-standard platforms with a vast selection of tradable assets under highly regulated conditions. The broker appeals to both technical desktop traders and mobile-first investors by maintaining a diverse software ecosystem.

Does Amana Capital (Cyprus) Support MT4, MT5 & Mobile Trading?

Amana Capital (Cyprus) supports both MetaTrader 4 and MetaTrader 5 alongside its proprietary mobile-first application to accommodate a wide spectrum of trading preferences. This multi-platform approach ensures that traders can transition seamlessly between analytical charting on a desktop and casual trading on a mobile device.

• MetaTrader 4 (MT4): The industry standard for forex trading is fully supported. It features an intuitive interface, advanced technical analysis indicators, customizable charting, and complete compatibility with Expert Advisors (EAs) for automated trading.
• MetaTrader 5 (MT5): This next-generation platform provides a broader feature set than MT4, including more timeframes, a built-in economic calendar, depth of market (DOM) data, and native support for stock and futures trading. Both MT4 and MT5 are available via downloadable desktop software, web-accessible terminals, and mobile applications for iOS and Android.
• Amana App: For modern, on-the-go trading, the proprietary "amana app" acts as an investment-centric portal [1.2.2]. While international entities leverage this app for commission-free physical stock and crypto trading, the Cyprus entity links it to a localized asset list conforming to European regulatory guidelines [1.2.3].

What Can You Trade on Amana Capital (Cyprus)?

Amana Capital (Cyprus) offers access to a broad catalog of over 1,000 financial instruments across major asset classes, spanning forex, shares, and commodities. The extensive range allows retail and professional traders to construct diversified portfolios using a single broker.

• Forex: Over 50 currency pairs are available, including major pairs (like EUR/USD and GBP/USD), minors, and exotic pairs.
• Indices: Traders can access cash and futures CFDs on prominent global indices such as the S&P 500, Dow Jones, DAX, and FTSE 100.
• Commodities: The asset list includes precious metals (gold and silver), energy spot and futures contracts (WTI Crude, Brent Crude, Natural Gas), and soft commodities futures (coffee, cotton, sugar, wheat, corn, and soy).
• Stocks and Share CFDs: Hundreds of blue-chip US company shares are available to trade as CFDs.
• Cryptocurrencies: While the global offshore branches support trading in actual cryptocurrencies, crypto derivatives are strictly limited or unavailable to retail clients under the Cyprus-regulated (CySEC) entity due to strict European regulatory guidelines.

Amana Capital (Cyprus) Leverage, Margin & Order Execution

Amana Capital (Cyprus) operates primarily as a market maker utilizing a Straight-Through Processing (STP) model, with leverage capped at 1:30 for EU retail clients. The execution environment aims to match quick fill speeds with pricing transparency, though execution speeds can fluctuate during volatile market events.

• Leverage Limits: In strict compliance with European Securities and Markets Authority (ESMA) rules, retail leverage is limited to 1:30 for major forex pairs, 1:20 for minor forex pairs, gold, and major indices, 1:10 for non-gold commodities, and 1:2 for crypto derivatives (where applicable) [1.1.6]. Professional clients who successfully apply for reclassification under CySEC rules can access higher leverage ratios up to 1:500.
• Margin and Close-Out: Retail accounts operate under a mandatory 50% margin close-out rule. If your account equity falls below 50% of the required margin to keep your positions open, the broker will automatically begin liquidating trades to prevent you from accumulating debt.
• Execution Model: The Cypriot entity operates as a Market Maker (MM) under its CySEC license, serving as the sole execution venue and counterparty for client orders [1.1.1, 1.1.6]. However, they use an STP and No Dealing Desk (NDD) clearing model to hedge risk externally with tier-1 liquidity providers, aiming to deliver tight market spreads and minimal slippage.

Amana Capital (Cyprus) Research Tools & Educational Resources

Amana Capital (Cyprus) provides a solid suite of third-party analytical integrations and behavioral tools, though its in-house educational catalog remains fairly basic. Traders looking for premium tools will find value in the broker's platform add-ons, while beginners may need to look elsewhere for structured, advanced educational courses.

• Risk Pulse: This proprietary analytics dashboard acts as a personal trading coach. It tracks your trading habits, highlights common mistakes, calculates predictive outcomes, and suggests actionable changes to improve your performance.
• Analytical Integrations: Clients gain free access to third-party tools like Autochartist for automated technical pattern recognition, and Trade Captain, an interactive portal providing real-time market analysis and daily trading signals.
• Social Trading: Copy trading is supported through direct integration with ZuluTrade, enabling retail clients to mimic the trades of experienced market participants.
• VPS Hosting: Free Virtual Private Server (VPS) hosting is provided to Active account holders, ensuring uninterrupted, low-latency execution for automated trading algorithms.
• Educational Materials: Basic webinars, localized seminars, and market overview blogs are regularly updated. However, the structured curriculum lacks the academic depth found at top-tier educational competitors.

How Good Is Amana Capital (Cyprus) Customer Support?

Amana Capital (Cyprus) offers bilingual customer support on a 24/6 basis, but clients frequently experience friction due to excessive reliance on automated chat agents. While the support team is knowledgeable, reaching a human representative requires patience.

• Availability: Customer support is active 24 hours a day, 6 days a week (Monday to Saturday), in both English and Arabic.
• Contact Channels: Support can be reached via email (supportcy@amanacapital.com), direct phone calls to the Limassol headquarters (+357 25257980), and a live chat widget on the website and mobile app.
• Performance Metrics: While phone and email queries are resolved professionally, the live chat experience is subpar [2.1.1]. The broker uses an aggressive automated chatbot system to filter incoming queries, which often leads to frustrating loop cycles before a client can be connected to a live human support specialist [2.1.1].

Who Is Amana Capital (Cyprus) Best For?

Amana Capital (Cyprus) is best suited for European retail investors who prioritize strict regulatory safety and low initial capital requirements over ultra-low trading costs. Because of the stark contrast between its entry-level and professional-grade account tiers, the broker appeals directly to specific client profiles while leaving others underserved.

Is Amana Capital (Cyprus) Good for Beginners?

Amana Capital (Cyprus) is a highly suitable broker for beginners who want a secure, user-friendly entry point to the financial markets with low initial risk. The broker keeps entry barriers low by setting its initial deposit requirement to a modest $50, allowing novice traders to practice with real capital without overextending themselves.

Furthermore, the Classic account utilizes a simplified commission-free pricing model that spares beginners from complex transaction fee calculations. Crucially, the inclusion of "Risk Pulse"—the broker's proprietary behavioral analysis tool—serves as an educational asset, helping new traders spot cognitive biases and emotional trading patterns early in their development.

Is Amana Capital (Cyprus) Good for Scalpers and Day Traders?

Amana Capital (Cyprus) is not an ideal broker for high-frequency scalpers and day traders unless they possess substantial capital to bypass the standard account markups. Scalping and day trading strategies rely heavily on tight spreads to maintain profitability over hundreds of rapid transactions.

While the broker does offer institutional-grade raw spreads starting at 0.1 pips, these conditions are strictly locked behind their Active account tier. This tier demands a $25,000 minimum deposit alongside heavy ongoing volume requirements, effectively shutting out retail scalpers. For those trading on the Classic tier, the starting spread of 1.4 pips is simply too wide to support high-frequency intraday trading.

Is Amana Capital (Cyprus) Good for Regulation-Focused Traders?

Amana Capital (Cyprus) is an excellent choice for safety-conscious traders who demand the maximum legal and financial safeguards permitted under EU law. By operating strictly under the supervision of CySEC and within the guidelines of Europe's MiFID II framework, the broker provides elite-tier institutional credibility [1.1.5, 1.1.6].

Traders under this entity receive ironclad capital protections, including mandatory negative balance protection to prevent debt, segregated accounts at top-tier European banks, and access to the Investor Compensation Fund (ICF) to recover up to €20,000 in the event of insolvency [1.1.5]. For capital-preservation-focused traders, these structural safeguards easily outweigh any minor cost disadvantages.

• Best for: European beginners, casual retail swing traders, and security-conscious investors who prioritize CySEC protections.
• Less ideal for: High-frequency day traders, retail scalpers, and budget-conscious traders who want raw-spread conditions without a five-figure deposit.

Compare Amana Capital (Cyprus) with Other Popular Brokers

Amana Capital (Cyprus) holds its ground as a highly safe, regional specialist, but its pricing structure lags behind global discount brokers that offer raw spreads without high deposit barriers. When compared to the broader market, the broker’s standard pricing on entry-level retail tiers is less competitive, making it crucial for traders to weigh alternative options.

Amana Capital (Cyprus) vs Equiti

Amana Capital (Cyprus) has a lower initial deposit requirement than Equiti, but Equiti delivers a more competitive, lower-cost spread environment for mid-tier retail traders.

The entry barrier for Amana Capital is highly accessible at just $50; Equiti, on the other hand, typically requires a larger initial capital commitment to activate its premier accounts. Despite this higher threshold, Equiti’s standard accounts boast spreads that frequently beat Amana’s wide 1.4-pip markup on major currency pairs. Both brokers maintain similarly robust regulatory safety profiles through CySEC and reputable Middle Eastern licenses. Consequently, Amana serves as a friendlier starting point for retail novices; by contrast, Equiti provides more favorable financial conditions for intermediate investors.

• Takeaway: Amana Capital (Cyprus) is the better choice for small-budget beginners; Equiti suits active traders seeking lower overall transaction costs.

Amana Capital (Cyprus) vs ADSS

Amana Capital (Cyprus) is better suited for smaller, mobile-first retail investors, whereas ADSS targets institutional-grade and high-net-worth Middle Eastern traders with premium direct market access.

Amana Capital appeals to retail clients with its modern proprietary app and simple digital integration [1.2.2]. By comparison, ADSS is heavily geared toward high-net-worth individuals and corporate desks, offering tailored VIP packages and deep direct-market liquidity. ADSS spreads are highly competitive for large-volume participants, but retail accounts face steeper transactional costs. Amana Capital operates under CySEC rules for European clients, whereas ADSS leverages the robust backing of the Central Bank of the UAE. Therefore, Amana remains more approachable for the average casual trader, whereas ADSS is optimized for premium regional professionals.

• Takeaway: Amana Capital (Cyprus) is the better choice for casual mobile investors; ADSS suits well-funded regional professionals.

Amana Capital (Cyprus) vs FP Markets

Amana Capital (Cyprus) offers a simpler fee structure for beginners, but FP Markets provides dramatically tighter spreads and faster execution speeds for active algorithmic traders.

Amana Capital restricts its lowest spreads to clients who can deposit a massive $25,000 on its Active tier. In stark contrast, FP Markets provides direct raw-spread access starting from 0.0 pips for a minimal deposit of just $100. FP Markets also equips users with a wider suite of advanced tools, including cTrader, TradingView, and dedicated VPS hosting. Although both firms hold active CySEC licenses to guarantee European client safety, FP Markets is far more technologically optimized for high-speed algorithmic execution.

• Takeaway: Amana Capital (Cyprus) is the better choice for simple commission-free trading; FP Markets is vastly superior for scalpers and algorithmic traders.

Amana Capital (Cyprus) Broker Quick Verdict

Amana Capital (Cyprus) is a secure, accessible choice for retail beginners looking for regulatory peace of mind under CySEC, though this Amana Capital (Cyprus) review highlights that its most competitive raw spreads are locked behind an expensive five-figure deposit barrier. Ultimately, while it serves as a highly trustworthy partner for casual investing, active day traders should look elsewhere for lower cost-to-entry pricing.

Editorial Transparency: This Amana Capital (Cyprus) review is based on information from the official Amana Capital (Cyprus) website, current regulatory filings, and independent third-party sources such as Trustpilot [1.1.1, 1.1.6, 2.2.1]. We cross-checked the broker's regulation and license details, account types, trading and non-trading fees, deposit and withdrawal terms, platforms, and real user feedback to ensure accuracy and objectivity [1.1.5, 1.1.6, 2.1.1]. This content is for educational purposes only and does not constitute financial advice; trading CFDs carries a high risk of losing money. Last updated: June 2026.