Independent rating of Forex broker Amana Financial Services UK

About company

Amana Financial Services UK Ltd is part of Amana Capital Group with its headquarters in the UK. The broker is regulated by the Financial Conduct Authority (FCA), a reputable regulatory body that applies strict rules to licensed companies. Under the FCA regulation, brokers are required to keep clients’ funds in segregated bank accounts. What is more, they must have at least €730,000 on their balance and must participate in compensation schemes. These requirements minimize the risk of losses for a trader in case the broker turns bankrupt. In addition, Amana Financial Services UK is audited by renowned international auditing firms such as PWC. Furthermore, up to £85,000 of client funds are covered by the Financial Services Compensation Scheme (FSCS). Amana Financial Services UK provides clients with direct access to global financial markets. A team of more than 2,000 people ensures the support of retail and institutional clients all over the world.

Trading conditions

• more than 360 trading instruments (currency pairs, cryptocurrencies, precious metals, CFDs on shares, commodities and futures)
• 4 account types
• demo account for newcomers
• 15 different international funding methods
• Stop Out level – 20%
• commissions apply
• expert advisors available
• МТ4 and МТ5 trading platforms
• economic calendar
• trading signals
• live charts
• free webinars, educational videos, and e-books for beginners

Trading platform

Amana Financial Services UK offers its clients to trade on well-known trading platforms - МТ4 and МТ5. MetaTrader4 is the first-choice platform for more than 90% of traders worldwide. The MT4 platform provides access to trading on Forex and is equipped with a full set of technical analysis tools and trading advisors. With MT4, traders get access to instant trading signals and a mobile version of the platform.

Key benefits of МТ4:

• effective expert advisors
• access to technical analysis tools with indicators and charting options
• 3 types of charts
• Virtual Private Servers (VPS)
• round-the-clock customer support available 24/5

Amana Financial Services UK was among the first brokers to offer trading on the MT5 platform. MT5 developers retained all the functions of the previous version and added new ones. MetaTrader 5 is a multi-asset platform that allows trading currency pairs, stocks, and futures. МТ5 offers traders a wide variety of tools for comprehensive price analysis, algorithmic trading applications as well as copy trading.

Key benefits of МТ5:

• a wide choice of orders for flexible Forex trading
• two order accounting modes: hedging and netting
• unlimited number of charts
• fundamental analysis based on financial news and economic calendar
• powerful algorithmic trading with built-in MQL5 development environment
• option to automatically copy deals of experienced traders

Both platforms are available as desktop, mobile, and web versions.

Support service

Customers can contact the broker by phone, email, or via an online form and live chat available on all pages of the website.

Traders’ reviews

On the Net, you can find both positive and negative feedback on Amana Financial Services UK. Some traders complain about high spreads, failures in the work of platforms, slow order execution, and difficulties with funds withdrawal. Clients are especially unhappy with the lack of response from the customer support team. However, others are satisfied with trading conditions and praise the broker for no requotes, small minimum deposit, and active support of newbies.

Advantages:

• regulated broker
• great choice of trading instruments and account types
• small minimum deposit
• expert advisors available
• access to popular trading platforms МТ4 and МТ5
• demo account
• cryptocurrency trading
• wide range of educational materials for beginners

Disadvantages:

• low leverage
• high spreads
• commissions apply
• no bonuses, promo campaigns, and affiliate programs