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Both accounts have largely similar trading conditions such as no overnight SWAPs, fully automated market execution of orders, no commissions, and no hidden fees.
The only significant difference between the Pro and Standard accounts is the Amana Capital spreads, which remains fixed for the Standard account and varies for the Pro Account.
Both accounts are based on the market maker model, where the Standard account has fixed the cost of trading according to a fixed markup spread. On the contrary, the Pro account can have variable spreads that start from 1. Amana Capital is an Islamic broker that adheres to all Sharia laws of investments, which ensures that all clients can enjoy SWAP-free trading for overnight trades.
SWAPs are interest rates associated with certain currency pairs, which may be positive or negative depending upon the existing interest rates of the underlying currencies. Sharia law prohibits interests of any kind; therefore, Amana Capital has chosen to offer SWAP-free trading accounts across the board. Amana Capital has adopted the MT4 as its primary trading solution, with the MT4 enjoying a significant amount of popularity in the retail trading market.
MT4 works on the reliable market maker model that offers a standard and secure platform for trading the Forex markets. If you want to trade on the Amana Capital platform using your mobile devices, there are different mobile apps available through the official app stores that are designed to work with brokers that support the MT4 platform. All you need is a valid login, password, and the server address, which allows you to connect to your Amana Capital trading account through any MT4 version of your choice.
Amana Capital may be a good broker that offers a safe and secure trading product from a regulatory perspective, but you can open an ECN account at other brokers that offer even better safety for your trading funds. Amana Capital may be suited for smaller traders that are looking to trade at a broker with a solid presence in the Middle East, especially a broker that does not stipulate large minimum deposit requirements; which have become incredibly common among most Middle Eastern Forex brokers.
Forex market is so competitive that if you look for "Forex Brokers" on google, you will get more than 7 million results. So how to choose the best broker? Find out more in our detailed broker reviews. Learn about the trading platforms, sign up offers and more. Forex Trading currencies has become extremely popular since the turn of the century. Do you want to ask us something? We will be happy to help, just use the form below and we will answer your request as soon as possible.
Thank you for visiting. Welcome Dubai Forex brokers blog. Best Forex Broker Dubai. You will find lot of local Forex brokers, w. Trading CFDs involves significant risk of loss.