FXCC Information

FXCC is a regulated broker, offering trading on forex, gold, and silver with leverage up to 1:200 on the MT4 platform. The minimum deposit requirement is $100.

Pros and Cons

Is FXCC Legit?

Yes. FXCC is licensed by Cyprus Securities and Exchange Commission (CySEC) with license number 121/10 to offer services.

What Can I Trade on FXCC?

FXCC offers trading in forex, gold, and silver.

Account Type

FXCC offers a range of ECN accounts to suit all traders and offers demo accounts. And the ECN standard account offers extra benefits: zero deposit fees.

Leverage

The broker offers maximum leverage at 1:200. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital.

FXCC Fees

ECN accounts have only a small spread, and you can use a demo account to see real-time spreads on the platform or calculate spreads using a trading calculator. No commission fees are charged.

Trading Platform

Deposit and Withdrawal

amana Information

Based in the United Arab Emirates, Amana is an online trading platform, offering 6,000+ tradable products, including Forex, Commodities, Stocks, Cryptocurrencies, ETFs, Indices, and Metals. It claims to offer leverage up to 1:100 and a spread 70% lower. This company holds multiple licenses from various authorities, while most of the licenses are effective, some of the licenses are revoked, exceeded, or suspected to be a fake clone.

Pros and Cons

Is amana Legit?

amana operates under various regulatory frameworks across different jurisdictions. However, when it comes to regulatory status, while most entities are regulated, some have had their licenses revoked or are flagged as “Suspicious Clone” by certain authorities.

Regulated Country	Regulated Authority	Regulatory Status	Regulated Entity	License Type	License Number
	Dubai Financial Services Authority (DFSA)	Regulated	Amana Financial Services (Dubai) Limited	Retail Forex License	F003269
	Capital Markets Authority LEBANON (CMA)	Regulated	Amana Capital SAL	Retail Forex License	26
	BANQUE DU LIBAN (BDL)	Revoked	Amana Capital S.A.L.	Financial Service	60
	Labuan Financial Services Authority (LFSA)	Regulated	AFS Global Limited	Straight Through Processing (STP)	MB/18/0025
	Securities and Commodities Authority (SCA)	Exceeded	Amana Mena Promotional Services L.L.C	Investment Advisory License	20200000255
	Cyprus Securities and Exchange Commission (CySEC)	Suspicious Clone	Amana Capital Ltd	Market Maker (MM)	155/11
	Financial Conduct Authority (FCA)	Suspicious Clone	Amana Financial Services UK Limited	Straight Through Processing (STP)	605070

What Can I Trade on amana?

amana asserts to offer over 6,000 types of market instruments, including Forex, Commodities, Stocks, Cryptocurrencies, ETFs, Indices, and Metals.

Account Type

There are three types of car available on this platform, Meta Trader 4 (Hedged), Meta Trader 5 (Hedged), and Meta Trader 5 (Netting), each comes with different trading conditions.

Leverage

Amana offers distinct leverages based on the asset class. 1:100 is the maximum leverage on this platform. Traders can contact the customer support team to request more leverage.

Fees

The spread on this platform is committed to being 70% lower. According to amana, traders are allowed to enjoy commission-free on all assets.

However, amana charges overnight financing fees on US Stock Derivatives (OTC), US ETFs derivatives, Regional stock Derivatives, Leveraged crypto, Forex Derivatives (OTC), International Stock derivatives (OTC), and Spot market derivatives (OTC).

Plus, amana charges a clearing fee on Regional stocks (exchange traded/OTC) and Regional stock derivatives (OTC).

Trading Platform

Traders on this platform get access to amana App, which is an all-in-one trading app that grants access to 5,500+ commission-free assets across global and regional markets. From stocks, cryptocurrencies, forex, metals, and indices to ETFs, commodities, and more.

In the meantime, amana also provides access to MT4 and MT5, which are popular trading platforms widely used for forex, CFDs, and other financial markets trading.

• MT4 is simpler and highly popular for forex trading.
• MT5 offers more advanced features, supports more markets, and is more flexible for algorithmic trading.

Deposit and Withdrawal

These are the payment options available on this platform: Visa, Mastercard, amana Prepaid Card, Apple Pay, Wire Transfer, UAE instant banking, Neteller, Whish Money (Lebanon), Skrill, and digital currencies.

Amana claims that traders can enjoy zero fees on all card deposits and withdrawals.