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Amana Financial Services is part of the Amana Capital Group holding. The company is regulated by the Financial Conduct Authority (FCA). Client funds up to £85,000 are covered by the Financial Services Compensation Scheme (FSCS) in the United Kingdom.
Trading conditions
FinmaxFX provides access to a vast range of trading instruments, including currency pairs, cryptocurrencies, commodities, precious metals, gold, silver, and futures. In order to meet requirements of various traders, the broker offers several trading accounts: Trade Forex & CFDs, Shares Account, Active Traders, Elite Services, and DeltaTrader. Each type of account has separate trading conditions. In addition, clients can test their trading skills with the help of a free demo account.
Maximum leverage rates reach 1:500. Amana Financial Services provides tight spreads in the markets such as forex, futures, indices, metals, stocks, commodities, cryptocurrencies, and precious metals. Trading with Amana Financial Services is available to almost everyone as the minimum initial deposit is only $50.
The broker`s website contains an Education section which includes seminars on forex trading for both beginners and experienced traders in English.
Trading platforms
Amana Financial Services’ clients have access to the popular MetaTrader 4 and MetaTrader 5 trading platforms. Internet connection to the platforms is carefully protected therefore traders can conduct transactions without delays or problems. MetaTrader 4 and MetaTrader 5 are available for desktop and mobile devices.
Customer support
The company’s customer support is working 24/5 and in different languages. Clients can contact the broker’s technical support via a feedback form, a live chat, or a phone. The detailed information is featured on the official website of the broker.
Deposit and withdrawal of funds
Amana Financial Services provides the following deposit and withdrawal methods:
Neteller, PayPal, Skrill, UnionPay, and WebMoney electronic payment systems
credit cards
wire transfer
Traders’ reviews
Some traders complain about delays in the withdrawal of profit, while other clients note that delays are typical for any company and are associated with the security of client funds. The negative comments also include delays in quotes and poor website content, namely, a narrow analytical base.
Broker’s advantages and disadvantages
Amana Financial Services’ Advantages:
- regulated broker
- vast selection of trading instruments
- competitive spreads
- low initial deposit
- demo account
- popular trading platforms
Disadvantages:
- lack of special offers, contests, and bonuses
- narrow analytical base
- negative comments of traders
Conclusion
Amana Financial Services is a registered and licensed broker that provides online trading services. The company gives access to a wide range of financial instruments and innovative trading platforms, as well as provides an affordable initial deposit. Unfortunately, there are many negative comments about the broker on the Internet from clients who have lost their funds trading with Amana Financial Services. The choice is yours. However, negative reviews of traders cast doubt on the company`s reputation.
