FxPro's website
Amana Capital in Nigeria — review, licence and costs
Cost calculator (median of 57 priced of 81)
Score (6 of 6 axes scored)
ranked against full-basis brokers
Who actually onboards you
- Entity that onboards Nigeria residents
- AFS Global Ltd
- Local standing
- Not locally regulated in Nigeria; cross-border offshore service. All Nigerian residents eligible if min deposit met.
- Licence as the register states it
- No Nigerian SEC licence (Nigeria SEC does not license retail FX); served under offshore Labuan MB/18/0025 / CySEC 155/11.
- Leverage for this entity
- Up to 1:100 on regulated-entity terms; higher offshore not verified at review.
- The firm behind it
- Amana Capital (amana), founded 2010, HQ Dubai/Beirut; MENA broker + investing app. Group entities: CySEC 155/11, DFSA F003269, FCA UK 605070, CMA Lebanon 26, LFSA Malaysia MB/18/0025, FSC Mauritius C118023192.
- What we hold against it
- No local Nigerian oversight; group DFSA clarification alert; withdrawal-delay complaints reported. Flag CMA(Lebanon).
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Nigerian residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youNot locally regulated in Nigeria; cross-border offshore service. All Nigerian residents eligible if min deposit met.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against Nigeria market median(priced from 57 of 81)
Medians run over the 57 of 81 brokers that publish a price for Nigeria, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Classic (min USD 50), Active (USD 25, 000+), Elite (USD 250, 000+). The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Payouts(2 methods)
| Method | Deposit, h | Fee, USD | Min, USD |
|---|---|---|---|
| Cards | 24 | 0 | 50 |
| International wire | 24 | 0 | 50 |
Taxes for a Nigerian resident(1 rule)
- Trading profits are taxable and must be declared to the Nigeria Revenue Service (NRS, formerly FIRS).https://amanacapital.com
Not tax advice. Check with the FIRS.
Deposit and withdrawal methods (2 methods · 0 local rails)
Cards and international wire;
- Cards
- International wire
- Account currency
- USD base (MT5 also EUR/CHF/GBP); no NGN account currency.
- Fee declared
- 2 of 2 methods
- Withdrawal back to
- the funding method
Where it does not serve(7 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(3 platforms)
- MT4
- MT5
- amana web & mobile app
Identical for every row: Min spread 1.4 · Leverage 100 NG.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 3.5 | 116 |
Share of reviewers in Nigeria: — The platform does not publish it.
Pros and cons(4 for and 6 against, each tied to a figure on this page)
- Withdrawal in 24 h, one of 71 of 81 brokers here that publish a time
- Swap-free account available
- Round-turn cost 90 of 100, its strongest of 6 scored axes
- 3 platforms: MT4, MT5, amana web & mobile app
- Round turn 7 USD on the raw + commission basis, over the Nigeria median 6.5
- No Nigeria authorisation on file: the entity that onboards you is licensed elsewhere
- A regulator warning is on file against this broker
- Min deposit 50 USD, over the Nigeria median 20
- The published 1:100 comes from the group's offshore entity, not from the Nigeria one
- Safety 0 of 100, its weakest of 6 scored axes
Alternatives in Nigeria(6 of 81 scored in Nigeria)
- Round turn, USD
- 9NG
- Min deposit, USD
- 25 groupNG
- Leverage
- 1000 group
- Rank in this country
- #2
- Round turn, USD
- 6NG
- Min deposit, USD
- 50 groupNG
- Leverage
- 500NG
- Rank in this country
- #12
- Round turn, USD
- 7NG
- Min deposit, USD
- 50NG
- Leverage
- 500NG
- Rank in this country
- #14
- Round turn, USD
- 6NG
- Min deposit, USD
- 50NG
- Leverage
- 1000NG
- Rank in this country
- #18
- Round turn, USD
- 6NG
- Min deposit, USD
- 50NG
- Leverage
- 500NG
- Rank in this country
- #24
- Round turn, USD
- 7NG
- Min deposit, USD
- 50NG
- Leverage
- 1000NG
- Rank in this country
- #32
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a Nigeria score. Full methodology
| Axis | Weight | What is measured | Amana Capital |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 25 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 90 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 80 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 50 |
Where Amana Capital sits in the Nigeria base(81 brokers)
Round-turn cost, USD (57 of 81 priced)
Median 6.5 USD · range 3-20 · this broker 7 USD · 24 of 81 brokers do not publish it
Minimum deposit, USD (29 of 81 priced)
Median 20 USD · range 0-100 · this broker 50 USD · 52 of 81 brokers do not publish it
Retail leverage (53 of 81 with a Nigeria figure)
Median 1:500 · range 100-3000 · this broker 1:100 · 28 of 81 brokers do not publish it
Withdrawal time published (81 brokers)
FAQ
- Does Amana Capital accept residents of Nigeria?
- No. Not locally regulated in Nigeria; cross-border offshore service. All Nigerian residents eligible if min deposit met. Onboarding entity: AFS Global Ltd
- Is Amana Capital licensed to serve clients in Nigeria?
- No Nigerian SEC licence (Nigeria SEC does not license retail FX); served under offshore Labuan MB/18/0025 / CySEC 155/11. Checked on 09.07.2026.
- How much does one round turn cost at Amana Capital?
- About 7.0 USD per standard lot on EUR/USD. The median across brokers measured for Nigeria is 6.5 USD.
- What leverage does Amana Capital offer to retail clients in Nigeria?
- Up to 1:100. Up to 1:100 on regulated-entity terms; higher offshore not verified at review.
- Which trading platforms does Amana Capital support?
- MT4, MT5, amana web & mobile app. Instruments: FX, metals, energies, indices, commodities, stocks, crypto CFDs.
- How can I withdraw money from Amana Capital in Nigeria?
- Cards and international wire; no verified Nigeria-local rail (local deposits listed only for UAE/UK/Cyprus).
- What account types does Amana Capital offer?
- Classic (min USD 50), Active (USD 25,000+), Elite (USD 250,000+).
- Does Amana Capital offer a swap-free (Islamic) account?
- Yes. Amana Capital offers a swap-free (Islamic) account to Nigeria residents.