Amana Capital Review: Legit Broker or Just Another Scam?

Have you long wanted to trade on the financial markets with a reliable, licensed company and finally found what seems like a suitable option? Are you considering taking advantage of the attractive offers published by the firm? Have you been impressed by the extensive experience of the professionals who founded the platform and the capabilities of its innovative trading platform? Our Amana Capital review is intended for those who answered yes to all of the questions above but forgot to ask themselves whether they are being lured into an ordinary scam. We tried to uncover as many details about this project as possible and are ready to share the results we obtained. Interested? Read on.

Does Amana Capital Show Any Risk Factors?

Our first acquaintance with the project was somewhat discouraging. On the homepage, we are assured that this is a financial company providing services to traders since 2011. At the same time, there is practically no information about the company itself. Instead, there is information stating that it holds a license from the Cypriot financial regulator CySEC under No. 155/11, along with a link to the broker’s profile in the regulator’s database.

The data from CySEC confirmed that Amana Capital Ltd received regulator license No. 155/11 in 2011 and, on this basis, is authorized to carry out the following types of activities:

• Dealing on own account.
• Execution of orders received from counterparties.
• Operations on the currency and Forex markets.
• Granting loans and credits to clients.
• Receiving and transmitting orders.
• Administration of software systems.

In practice, this represents the full range of services that a broker may provide in exchange trading and in the Forex/CFD markets. At the same time, the regulator confirms another important detail: the company uses the domain www.amanacapital.com.cy, on which its official website is currently deployed.

The company’s compliance with the provisions of the MiFID Directive is also documented. It is included in the register of the European Securities and Markets Authority (ESMA). Among other things, this means that the firm can make use of the passporting mechanism for licenses and, on the basis of its existing authorization, provide services within the EU and the EEA (European Economic Area).

Thus, we are dealing with an operating broker that functions under a license issued by a European regulator. Moreover, according to its own statements, it has been operating for more than 14 years. This is a very solid period even for a regulated broker.

Unfortunately, we were unable to obtain data on the registration date of the domain amanacapital.com.cy. However, snapshots from the Web Archive service already show a fully functional Forex/CFD broker website as early as 2012. This suggests that the company began its brokerage activities immediately after obtaining its license in 2011. In short, in this respect as well, the information presented by Amana Capital appears to be quite reliable.

So, can the platform be trusted? We would not rush to give a positive answer to this question. The reason lies in the far from unambiguous feedback regarding the company’s operations. For example, there are 104 reviews on Trustpilot (the first review of amanacapital.com.cy is dated, for some reason, September 2, 2025), and almost one-third of them are negative. The main complaint from users concerns delays in withdrawals or complete non-payment of funds, often without any explanation.

An interesting picture emerges on specialized platforms such as WikiFX. Although the broker’s score there is quite high (7.16 out of 10), traders are warned that trading with this company requires caution. The reason is a significant number of negative user comments. Out of 14 publications, almost half (6) are negative, and all of them are related to non-payment of funds. Moreover, in these cases, clients do not merely express their opinions but provide substantial evidence, including screenshots of personal accounts and correspondence with customer support.

Let’s Break Down the Lifespan

Unfortunately, the broker has chosen not to disclose details about the company’s history on its website. We have already mentioned above that it obtained its license in 2011 and began providing brokerage services almost immediately thereafter. The only additional information we can provide is the date of registration. The company, then still named Amana Capital (Cyprus) Ltd, was registered in Cyprus on February 17, 2011.

Later, the word Cyprus disappeared from the company name. The reason for this remains unknown to us, either the firm left the group (although the website claims this is not the case), or other divisions were renamed and the unique company name no longer required an indication of affiliation with a specific jurisdiction.

The history of the official website looks far more interesting. Initially (from 2012 to 2023), visitors were presented with a fully functional brokerage company website. However, in 2023, it was updated. The first snapshot of the updated website in the Web Archive appeared on March 2, 2023, and it remains in that form to this day. It is difficult for us to say what prompted such a move, but it is quite hard to describe this as a high-quality web resource of a solid and reputable broker. However, more on this below.

What Does the Amanacapital.com.cy Website Reveal?

The initial version of the broker’s official website, which was available to visitors and registered users until 2023, fully complied with all European regulatory requirements for information disclosure. The same cannot be said about the current version.

Literally everything has changed. The new design has become extremely simple and completely unremarkable. At the same time, the page loading speed — even for simple pages not overloaded with graphics or animations (for example, the homepage) — has decreased significantly. Moreover, apart from the registration and login forms, only three pages remain on the site.

Naturally, there is no longer any reason to speak of the informational value of the Amana Capital website. For example:

• On the homepage, we see a rather sparse presentation of the broker. The most valuable information provided there includes the number of available trading assets (more than 5,000), the founding date, and the CySEC license number. The developers chose to refrain from providing any detailed information about the platform’s operations.
• The Products & Services page was probably intended to be the most informative. It is filled with tables containing data on trading conditions for assets across all groups available to traders. Unfortunately, this is where ‌useful and trader-relevant information ends. It seems that the project owners may have decided to work only with market participants who already have basic knowledge and experience. At least, this is the only explanation for why there is not a single word on this page about markets and their specifics, trading nuances, and so on.
• The same situation applies to the Fund Your Account page. It lists the payment methods that Amana Capital clients can use to fund their accounts and withdraw funds, as well as the terms of monetary transactions (minimum amounts, fees, processing times). However, there is not a single word about the broker’s payment details or the specifics of these operations.
• The developers also chose not to publish analytical materials, market news, or additional tools for traders (such as an economic calendar or calculators), nor any educational materials. It is difficult for us to explain this approach; it appears that the project owners are simply not interested in attracting new clients.

This last assumption was unexpectedly confirmed when we attempted to create an account. Instead of a registration form, a message appeared stating: “Temporary not available at this stage due to updates in our services.” This message has remained unchanged for a second week, which is quite strange for a steadily operating regulated broker.

Is the Broker Offering Fair or Risky Terms for Traders?

One thing that cannot be taken away from Amana Capital is the detailed presentation of its trading conditions. As mentioned earlier, on the Products & Services page, the company has published tables with specifications for assets from various groups. These are presented most thoroughly for Forex currency pairs.

We can see that the broker has provided the following information there:

• The size of a standard lot.
• Margin requirements for retail traders (3.33% corresponds to the leverage of 1:30).
• The minimum price step.
• The value of one price point movement for a trade volume of 1 standard lot.
• Long/Short swap rates.
• Trading hours.

Note: Information on other assets is much more limited. For example, swap rates (the rollover fee) are no longer specified for any of them.

Some additional information can be found in the files on the Legal & Other Documents page. For instance, the Product Specifications document contains a complete list of available trading instruments with the main trade characteristics for each of them.

The Dynamic Leverage Tiers document is also of interest. According to its content, the maximum leverage a trader can obtain is 1:500 (margin requirements of 0.2%) on major currency pairs for trades with a volume of up to 20 standard lots. At the same time, the broker does not specify whether this leverage is available to retail or professional traders, which in itself constitutes a violation of the information disclosure rules adopted by European regulators.

The same can be said about the Fees & Charges General document. For example, it mentions spreads, but the provided link leads to the already mentioned Products & Services page, where spreads are not mentioned at all. The link from the trading commissions section also leads to the same page. As you can verify yourself, the tables there do not contain any commission amounts either. Margin Call and Stop Out levels are also not mentioned anywhere.

Thus, we can state that Amana Capital avoids disclosing all trading conditions. Without full information, a trader is unable to properly assess the profitability and risks of trading with the broker. We will repeat once again in this regard: in this respect as well, the requirements of European regulators are being violated. It is unclear how the company has managed to avoid enforcement measures from both CySEC and ESMA for so long.

Note! By the way, there is also not a single word about account types on the official website. We may assume that the company offers clients only a single tariff. However, it should be noted that the service conditions for retail and professional traders must differ. The company’s documents contain requirements for such client categorization, but there is not a single word about differences in trading conditions either.

Technical Support Analysis of Amana Capital

On the official website, the broker chose not to publish a separate page with contact details. The Support link in the menu leads to a section of the homepage that includes a feedback form and a customer support phone number in Cyprus.

More contact information can be found in the Company’s Information document. It also provides the address of the company’s Cypriot office and an email address. The document additionally contains contact details of the regulator and the financial ombudsman.

What is strange is that the Amana Capital website does not contain a single link to social media profiles. As a rule, licensed brokers do not neglect the opportunity to attract new clients from such a large audience; however, this does not seem to apply to the subject of our review.