Trading CFDs and forex carries a high level of risk and may not be suitable for all investors. Read the broker’s own client agreement, and confirm the licensed entity you are contracting with, before opening an account.
Our verdict on Amana
Amana Financial Services (Dubai) Limited is a DFSA-licensed dealing firm in the DIFC, with licence F003269. The entity holds a Dealing in Investments permission, which permits it to act as principal on client trades. This structure means a UAE resident contracting with the DFSA entity deals directly with a locally regulated counterparty. The DFSA imposes retail leverage caps and requires client money to be held in segregated accounts under its Client Money rules.
Amana does not publish an account name, spread data, or a minimum deposit amount for its DFSA entity. The only cost figure available is a commission of 0 USD per lot per side. Trading platforms include MetaTrader 4, MetaTrader 5, and the proprietary Amana app and web platform. The group website lists these platforms, but its default onboarding path directs users to AFS Global, a Labuan entity, not the DFSA-regulated firm. UAE residents must verify which entity they are signing up with.
Amana's DFSA entity does not offer a swap-free or Islamic account. The terms and conditions document for Amana Financial Services (Dubai) Limited contains no Shari'ah language and states that the firm reserves the right to apply financing or interest rate swaps on all open positions. The Labuan entity of the group provides a swap-free option, but that does not apply to clients of the DFSA firm. The exact legal entity a UAE resident contracts with during sign-up remains unverified, as the group website defaults to the Labuan entity.
Pros
- DFSA-regulated dealing firm, licence F003269.
- Commission of 0 USD per lot per side.
- AED local bank transfers accepted for deposits.
- MetaTrader 4, MetaTrader 5, and proprietary Amana app available.
Cons
- Account name, spreads, and minimum deposit are not published.
- No swap-free or Islamic account available under the DFSA entity.
- Group website onboarding defaults to AFS Global (Labuan), not the DFSA firm.
- Withdrawal fees and processing times are not disclosed.
Amana score breakdown
2.5/5 · Fair
The overall CFB Score comes from the full methodology, more than 100 data points per broker. The category ratings summarise each area and do not reconcile by simple average.
How is our rating calculated?
Is Amana regulated in the UAE
Amana is regulated in the UAE by the Dubai Financial Services Authority (DFSA) in the DIFC. The licensed entity is Amana Financial Services (Dubai) Limited, which holds a Dealing in Investments permission under reference F003269. This permission allows the firm to act as principal, meaning it can be the direct counterparty to a client’s trade. Our team checked the DFSA register on 21 August 2026 and the licence status is confirmed. I consider that the baseline protection you need before you trade.
The DFSA imposes retail client leverage caps and requires client money to be held in segregated accounts. Amana Financial Services (Dubai) Limited is a Category 3A firm, authorised to deal in investments as principal. That means it can be the direct counterparty to your trades. The entity must comply with DFSA Client Money provisions for segregation, which is what you would expect. Costs of trading with this entity are not fully published, as the next section details. I would not fund an account until I saw a complete cost picture.
What other review sites say
Amana holds a Trustpilot rating of 3.6 out of 5 from 123 reviews, which Trustpilot labels average, captured August 2026. The profile has been claimed by the broker since December 2022.
Amana's iOS app rates 4.51 out of 5 from 2,302 ratings on the UAE App Store (August 2026), listed as Trading & Investing App: amana.
Android users rate Amana's Android app 4 out of 5 from 6.04K reviews worldwide on Google Play (August 2026), listed as Trading & Investing App: amana.
What trading with Amana costs
Amana does not publish an account name, spread data, or a minimum deposit amount for its DFSA-regulated entity. That means you cannot see what you would pay to trade. The only cost figure available from the broker is a commission of 0 USD per lot per side. Our team captured this information from the broker’s published material on 21 August 2026. I would want to see at least a typical spread before comparing.
No typical or advertised spread for EUR/USD or any other pair is disclosed. Account currencies are not stated. Without a published minimum deposit, you cannot determine the initial funding requirement from the broker’s own materials. In my view, that is a significant gap for any trader comparing costs before opening an account. The next section sets out the leverage limits that apply.
Leverage limits that apply to Amana
Amana’s retail leverage is capped by the DFSA rulebook, which sets maximum ratios for different instrument classes. For major currency pairs, the cap is 30:1. That is the number you need to know. Minor currency pairs are capped at 20:1. Gold is capped at 20:1, major indices at 20:1, minor indices at 10:1, other commodities at 10:1, single shares at 5:1, and cryptocurrency at 2:1. These are rulebook maximums, not broker offers. I would check the broker’s own published figures against this list, because the next section shows they differ.
Amana publishes a maximum leverage of 30:1 across all instruments. For major currency pairs, this matches the DFSA cap. In my view, the broker’s published figure of 30:1 across the board is misleading, because it exceeds the DFSA rulebook maximum for all other instrument classes. A retail client cannot receive leverage above the regulatory cap, so the effective maximum for those classes is the lower rulebook figure. You should read that 30:1 as applying to majors only, regardless of what the marketing implies.
The wider UAE regulatory position is often misreported. Onshore brokers under the CMA (formerly SCA) have a retail maximum of 500:1 for major forex pairs. That 50:1 figure circulating online originates from the United States NFA and CFTC; the 30:1 figure belongs to other regulators or free zones. Amana operates under the DFSA, so the DFSA rulebook caps apply. I would not rely on any other number you see online. The platforms through which these leveraged trades are executed are listed next.
| Instrument class | DFSA rulebook maximum | Amana published maximum |
|---|---|---|
| Major currency pairs | 30:1 | 30:1 |
| Minor currency pairs | 20:1 | 30:1 |
| Gold | 20:1 | 30:1 |
| Major indices | 20:1 | 30:1 |
| Minor indices | 10:1 | 30:1 |
| Other commodities | 10:1 | 30:1 |
| Single shares | 5:1 | 30:1 |
| Cryptocurrency | 2:1 | 30:1 |
DFSA retail leverage caps and Amana’s published maximums
Platforms and execution
Amana lists MetaTrader 4, MetaTrader 5, and its proprietary Amana app and Amana web platform. The group website publishes these platforms, but the default sign-up flow directs users to AFS Global, a Labuan-regulated entity, not the DFSA entity. I would pause right there. A UAE resident must confirm that they are onboarding with Amana Financial Services (Dubai) Limited to trade under DFSA regulation. This is not something the platform does for you automatically.
cTrader and TradingView are not offered. API access is not published. The DFSA entity does not separately list platform availability, so the platforms are assumed available through the group’s infrastructure, but our team has not independently verified this for the DFSA firm. You would want to see a dedicated platform list before funding. Funding and withdrawal methods are covered in the next section.
Funding and withdrawals
Amana supports local UAE bank transfers in AED for deposits, with no deposit fee. Withdrawal fees and processing times for bank transfers are not published. That means you cannot plan your exit cost. Credit and debit card deposits are also free, but withdrawal fees and times are not stated. Apple Pay and Google Pay are accepted for deposits only, with no fee. You would want to know the withdrawal cost before depositing a dirham.
Crypto deposits are supported with instant processing and no deposit fee; withdrawal fees are not published. Skrill is available for withdrawals only, with no deposit option. The minimum deposit amount for any method is not published. Account currencies are not stated, so whether you can hold AED as an account currency is unclear. The next section examines swap-free account availability, which you should check carefully given the entity’s terms.
Islamic and swap-free accounts
Amana’s DFSA-regulated entity does not offer a swap-free or Islamic account. The terms and conditions document for Amana Financial Services (Dubai) Limited contains no reference to Shari’ah compliance or swap-free trading. Clause 12.5 states: ‘We reserve the right to apply financing/interest rate swap on all open positions.’ You should treat that as a clear statement that swaps will apply. This conflicts with any marketing that might suggest a swap-free option. Anyone needing a swap-free account will not find one with this entity.
The Amana group’s Labuan entity provides a swap-free account, but that is under a different regulator and does not apply to clients of the DFSA firm. No Shari’ah certification is claimed for the DFSA entity. The terms document carries no date, and no grace period or admin fee structure exists. I would want to see a dated document. Which entity you contract with is the subject of the next section.
Which entity you contract with
Amana’s group website presents the brand as a single offering, but the default onboarding path directs users to AFS Global, a Labuan-regulated entity. The DFSA-licensed entity, Amana Financial Services (Dubai) Limited, is not the default sign-up destination. A UAE resident who completes the online application without checking the legal entity may end up contracting with the Labuan firm instead of the DFSA entity. I would flag this as the single most important thing to verify before you fund an account.
The exact legal entity a UAE resident contracts with during sign-up is not verified in this review. Amana’s website does not clearly separate the DFSA entity’s application flow from the Labuan entity’s flow. This is a material gap for any trader seeking DFSA protection. You should not assume which entity you contract with; the site simply does not make it clear. The final section lists what this review has not established.
What this review has not established
This review has not established which legal entity a UAE resident contracts with when signing up through the Amana website. The group site defaults to AFS Global (Labuan), and the separate application path for the DFSA entity is not clearly marked. Without a distinct onboarding flow for Amana Financial Services (Dubai) Limited, the contracting entity cannot be confirmed from publicly available materials. My advice is to ask the broker directly which legal entity will appear on your account agreement before you proceed.
FAQs
Is Amana regulated in the UAE?
Does Amana offer an Islamic or swap-free account?
What is the maximum leverage for retail clients at Amana?
Can I deposit in AED with Amana?
What trading platforms does Amana provide?
About the author
Justin Grossbard co-founded CompareForexBrokers in 2014 and serves as Co-Founder and CEO. He has traded forex since 1998. For this site he directs the research and comparison of UAE-licensed brokers. He holds Monash University degrees including a Bachelor of Commerce with Honours and a Master of Marketing. His commentary has appeared in Forbes, Kiplinger, Finance Magnates and Entrepreneur.