This comparison guide assists individuals who battle to select between Amana Capital and IQ Option to locate the best online broker for their trading and investment requirements. It analyzes the main features of the two brokers side by side to help individuals contrast their service and make an informed choice.
To help individuals pick the right broker between Amana Capital and IQ Option to find the best-suited system, below is a list of broker’s pros and cons, followed by a comparison of their major trading features, including trading platforms & tools, costs, mobile trading, deposit & withdrawal, properties, guideline, and customer support.
Amana Capital vs. IQ Option: Summary
Amana Capital is a multi-asset broker based in Dubai. It is regulated by two major financial regulators; the CySEC and the FCA. Users can access 54 forex pairs and over 5,500 other financial instruments, including stocks, indices, ETFs, bonds, precious metals, and commodities.
Amana Capital supports MetaTrader 4 and 5 and allows traders to trade with up to 1:500 leverage.
Amana Capital charges low spreads from 0.4 pips EUR/USD. The broker also charges overnight and short-selling margin fees. The broker doesn’t charge inactivity, currency conversion, or withdrawal and deposit fees.
Amana Capital’s customer support is available through email, phone, and live chat in English and Arabic.
IQ Option is a well established online broker great for users looking to trade forex, options and CFDs on a intuitive trading platform. Their well rounded offer consists of low spreads, a sophisticated trading platform, free demo account option, and responsive customer support in English language. They offer islamic accounts and copy trading in Arabic language which allows you to copy portfolios from seasoned investors and traders.
IQ Option is a trustworthy and reliable market maker broker and subject to the highest standards of regulation in the industry. Options trading is no longer available.
“RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK”
General Risk Warning: “The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose”
Pros
- Low minimum deposit ($50)
- Low spreads from 0.4 pips EUR/USD
- Support for MetaTrader 4 and 5
- Mini and micro lot trading available
- Up to 1:500 leverage
- No non-trading fees
Cons
- Overwhelming platform features for beginners
- Tiered trading fee and commission model
Pros
- Multi-chart platform layout with technical analysis
- Fast trade execution
- 24/7 customer support in Arabic and English
- Free demo account with $10.000 virtual money
- Leverage of up to 1:1000
Cons
- Trading fees are above industry average
- Inactivity fee $10/90days
Key features
- Competitive spreads from 0.4 pips EUR/USD
- Compatible with MetaTrader 4 and 5
- Great research and educational materials
- Max leverage up to 1:500
- Micro-lot trading is available for beginner forex traders
- Representative offices in UAE
Key features
- Access to a wide variety of markets
- Great research and education tools
- User friendly platform
- $10 minimum deposit and $1 minimum trade requirement
- Access to 3000+ tradable symbols
Amana Capital vs. IQ Option Comparison
Select up to 3 Brokers
Amana Capital
IQ Option
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 500:1 | 500:1 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 (*currency conversion fee might apply) |
| Deposit Fee | 0 | |
| Inactivity Fee | 0 | |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 10 EUR |
| Forex (EUR/USD) | 0.4 | 4.7pip |
| Stocks & ETF | 0 | 0.48pip |
| CFD (Gold) | 3.5 | 4.8pip |
| Crypto | 0 | 127.14pip |
| Options | 0 | 0 |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $50.00 | $10 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 0 | Over 180 |
| ETF & Funds | 0 | 0 |
| Crypto | 0 | 19 |
| Commodities | 0 | 9 |
| Indices | 0 | 9 |
| Options | 0 | Over 40 |
| Futures | 0 | 0 |
| Bonds | 0 | 0 |
| Forex Instruments | 54 | Over 30 |
| CFD Indices & Funds | 20 | Over 20 |
| CFD Stocks | 550 | OVer 180 |
| CFD Commodities | 18 | 9 |
| CFD Crypto | 0 | 19 |
| CFD Bonds | 0 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
Amana Capital vs. IQ Option Comparison Conclusion
The results of our comparison of Amana Capital vs. IQ Option are involved the table listed below.
| Broker: | Best For: |
| Amana Capital | High-leverage multi-asset trading |
| IQ Option | Traders at all levels, from beginner to advanced |
Picking the ideal selection between Amana Capital and IQ Option can be tough. Both on-line brokers have similarities however differ concerning trading tools, systems & apps, law, deposit & withdrawals, and research study and education. Selecting the very best broker relies on users’ trading & financial investment objectives, private preferences, and experience level.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.