Amana Capital
Saxo Bank
Amana Capital vs Saxo Bank
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
Amana Capital and Saxo Bank are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. Amana Capital, founded in 2010 and headquartered in Limassol, Cyprus, is regulated by CySEC, LFSA, FSA and offers spreads starting from 0.9 pips with a minimum deposit of $50. Saxo Bank, established in 1992 in Copenhagen, Denmark, holds licenses from FCA, DFSA, MAS with spreads from 0.4 pips and a $2000 minimum deposit. In our hands-on testing across 8 scoring categories, Saxo Bank scored 9/10 overall compared to Amana Capital's 7.3/10, making it the stronger pick for most traders. That said, Amana Capital holds its own with overall value, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
Saxo Bank scores 9/10 overall vs 7.3/10 for Amana Capital — a 1.7-point difference.
- 💵
Amana Capital requires just $50 to start, while Saxo Bank needs $2000 — Amana Capital is 40x more accessible.
- 📈
Saxo Bank offers 72,000+ instruments vs 200+ at Amana Capital — a massive gap in market coverage.
- 🖥️
Amana Capital runs on MT4, MT5, Amana App, while Saxo Bank uses SaxoTraderGO, SaxoTraderPRO — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Research & Analysis: Saxo Bank scores 9.5 vs 6.5 for Amana Capital — a 3.0-point difference.
Our Verdict
Amana Capital
Score: 7.3/10 · Wins 0 categories- You prefer a low minimum deposit ($50)
- You prefer Amana Capital's trading environment overall
Saxo Bank
Score: 9.0/10 · Wins 7 categories- You want lower spreads and trading fees
- You're a beginner who values learning resources
- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
Saxo Bank takes the lead with an overall score of 9/10 compared to 7.3/10, winning in 7 out of 8 scoring categories. Saxo Bank stands out for lower trading costs and better trading platforms, while Amana Capital remains a solid alternative.
Detailed Verdict
After testing both brokers with real accounts, Saxo Bank comes out ahead with a 9/10 overall rating, winning 7 out of 8 categories. Its strongest area is Product Range where it scores 10.0/10. Saxo Bank holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. Amana Capital is not without merit — it scores 7.3/10 overall and excels in Platforms & Tools (7.5/10). For a complete breakdown, read our full Saxo Bank review and Amana Capital review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
Saxo Bank wins by 0.5 points
Saxo Bank wins by 2.0 points
Saxo Bank wins by 2.0 points
Saxo Bank wins by 1.0 points
Saxo Bank wins by 1.0 points
Saxo Bank wins by 3.0 points
Saxo Bank wins by 3.0 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 7.3/10 | 9.0/10 ✓ |
| Min Deposit Lower is better | $50 ✓ | $2000 |
| Max Leverage | 1:200 | 1:200 |
| Spreads From | 0.9 pips | 0.4 pips |
| Platforms | MT4, MT5, Amana App | SaxoTraderGO, SaxoTraderPRO |
| Regulation | CySEC, LFSA, FSA | FCA, DFSA, MAS |
| Founded Older track record highlighted | 2010 | 1992 ✓ |
| Markets | 200+ | 72,000+ ✓ |
Fees & Costs
When it comes to trading costs, Saxo Bank has the edge with a score of 7.5/10 versus 7/10 for Amana Capital. Amana Capital offers spreads starting from 0.9 pips, while Saxo Bank starts from 0.4 pips. The minimum deposit at Amana Capital is $50, compared to $2000 at Saxo Bank. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
Saxo Bank scores 9.5/10 for platforms compared to 7.5/10 for Amana Capital. Amana Capital provides MT4, MT5, Amana App, while Saxo Bank offers SaxoTraderGO, SaxoTraderPRO. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. Amana Capital is regulated by CySEC, LFSA, FSA (Tier 1), while Saxo Bank holds licenses from FCA, DFSA, MAS (Tier 1). Amana Capital scores 7.5/10 and Saxo Bank scores 9.5/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, Saxo Bank leads with 8/10 compared to 7/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. Amana Capital and Saxo Bank both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
Amana Capital offers 24/5 Live Chat, Email, Phone and scores 7.5/10, while Saxo Bank provides 24/5 Live Chat, Email, Phone with a score of 8.5/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
Amana Capital scores 7.5/10 for deposits and withdrawals, while Saxo Bank scores 7.5/10. Amana Capital accepts Bank Transfer, Credit Card, Skrill, Neteller, Crypto, and Saxo Bank supports Bank Transfer, Credit Card. Processing times, fees, and available currencies vary. Amana Capital requires a minimum deposit of $50 versus $2000 for Saxo Bank. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose Amana Capital if you...
- You prefer a low minimum deposit ($50)
- You prefer Amana Capital's trading environment overall
Choose Saxo Bank if you...
- You want lower spreads and trading fees
- You're a beginner who values learning resources
- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
🗳️ Which Broker Do You Prefer?
Cast your vote — see what other traders think
Frequently Asked Questions
Is Amana Capital better than Saxo Bank?
Saxo Bank scores higher overall (9/10 vs 7.3/10), winning 7 of 8 categories. However, Amana Capital remains competitive. The best choice depends on what matters most to your trading style.
Which has lower fees, Amana Capital or Saxo Bank?
Saxo Bank scores higher for trading costs. Amana Capital offers spreads from 0.9 pips with a $50 minimum deposit, while Saxo Bank starts from 0.4 pips with $2000 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is Amana Capital safe to trade with?
Amana Capital is regulated by CySEC, LFSA, FSA and scores 7.5/10 for regulation. Saxo Bank is regulated by FCA, DFSA, MAS with a score of 9.5/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, Amana Capital or Saxo Bank?
Saxo Bank scores 9.5/10 for platforms. Amana Capital offers MT4, MT5, Amana App, while Saxo Bank provides SaxoTraderGO, SaxoTraderPRO. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for Amana Capital vs Saxo Bank?
Amana Capital requires a minimum deposit of $50, while Saxo Bank requires $2000. Amana Capital has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.