amana has been flagged by Financial Services Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
amana seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Portfolio tracking tools|Comprehensive tools
Cons: Nothing significant|Live chat only during business hours
After using amana for over three years, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Fast execution|Dedicated account manager|Clear documentation
Cons: Live chat only during business hours|No crypto staking
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. amana recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Dividend tracking|Competitive fees
Cons: Nothing significant
After for about three months with amana I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Helpful community forum|Regular updates|Fast deposits|Multiple order types
Cons: Currency conversion fee exists
I was about to invest with amana but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Services Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Not registered with regulators|Unrealistic promises
What really bothers me about amana is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after a friend recommended them and I fell for the polished exterior. Never again.
Pros: Helpful community forum|Transparent fees|Quick verification|Dedicated account manager
Cons: None so far
I requested my data from amana under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Smooth onboarding|Social trading features
Cons: Would like more payment methods
The mobile app from amana is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Good analytical tools|Clean UI
Cons: None so far
Opened my account with amana while looking for alternatives to my previous provider and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Demo account available|High security standards|Instant funding|Clean UI
Cons: None so far
Do not believe the bonus offer from amana. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited when my bank disappointed me and I searched for alternatives and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Regular platform improvements|Clean UI
Cons: Research section could be deeper