Amana Capital Launches MT5 Offering, Adds Bitcoin Trading

Photo: Bloomberg

Amana Capital, one of the most rapidly growing brokers in the Middle East, continues to expand its portfolio of products. The company has recently joined the expansion of the MetaTrader 5 software suite.

Amana Capital is providing a set of different versions of the platform tailored to run on Windows, macOS and WebTrader. The MT5 offering launches side-by-side with the company’s existing MT4 suite.

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The company is also adding cryptocurrencies to its offering, with Bitcoin expected before the end of October. The firm also partnered with SafeCharge among other payment providers to expand its payment gateways in Europe and Asia to facilitate client deposits.

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Amana Capital has split its MT5 offering into three different account types. Novice traders which are looking to start trading with as little as $50 are directed towards ‘Amana Mini’, which is an account offering zero commissions and up to 1:500 leverage. With 28 FX pairs, gold and silver, the account is also swap-free and spreads start from 1.4 points.

Amana’s main MT5 account tier called ‘Amana Basic’ and is designed with intermediate traders in mind. It requires a minimum deposit of $2000. With 54 FX pairs complemented by 24 futures, commodities, indices and cryptocurrencies, the account enables lower spreads starting from 0.9 points.

The third tier of MT5 accounts is designated for experienced traders and requires a minimum deposit of $50,000. The company is delivering a cap on leverage at 1:100 and is applying a commission on FX and futures CFDs. Spreads on this tier start from 0.4 points and the maximum order size is limited to $10 million.

Last year, Amana Capital acquired a license from the Dubai Financial Services Authority (DFSA). The firm added the lucrative license to its increasing portfolio of regulatory permits from the UK FCA, CySEC and the Central Bank of Lebanon.