Currencies

Currency Trading, Forex Trading or ‘Spot Currency’ is what happens in the Forex Market (Foreign Exchange) daily. The Forex Market is the largest & most liquid market in the world. In Forex, currencies are traded in pairs. Thus, whenever a currency is bought, another is being sold.
Amana FS offers you the option to trade either through variable or fixed spread as per the below table.

 

Instrument Spread Contract Size Per 1 Lot Standard Margin Requirement Per 1 Lot in USD Minimum fluctuation
(tick size)
Pip Value Per 1 Lot Limit & stop levels
(ticks)
EURUSD 2 EUR 100,000 1:100 0.0001 10 USD 0.0003
EURGBP 3 EUR 100,000 1:100 0.0001 10 x GBPUSD Rate 0.0003
GBPUSD 3 GBP 100,000 1:100 0.01 10 USD 0.0003
AUDCAD 6 AUD 100,000 1:100 0.0001 10 / USDCAD Rate 0.0008
AUDCHF 7 AUD 100,000 1:100 0.0001 10 / USDCHF Rate 0.0008
AUDJPY 4 AUD 100,000 1:100 0.0001 1000 / USDJPY Rate 0.08
AUDNZD 8 AUD 100,000 1:100 0.01 10 x NZDUSD Rate 0.0008
AUDUSD 3 AUD 100,000 1:100 0.01 10 USD 0.0003
CADCHF 7 CAD 100,000 1:100 0.0001 10 / USDCHF Rate 0.0008
CADJPY 5 CAD 100,000 1:100 0.0001 1000 / USDJPY Rate 0.05
CHFJPY 4 CHF 100,000 1:100 0.0001 1000 / USDJPY Rate 0.05
EURAUD 6 EUR 100,000 1:100 0.0001 10 x AUDUSD Rate 0.0005
EURCAD 6 EUR 100,000 1:100 0.01 10 / USDCAD Rate 0.0008
EURCHF 3 EUR 100,000 1:100 0.0001 10 / USDCHF Rate 0.0003
EURJPY 3 EUR 100,000 1:100 0.0001 1000 / USDJPY Rate 0.03
EURNZD 8 EUR 100,000 1:100 0.0001 10 x NZDUSD Rate 0.0008
GBPAUD 6 GBP 100,000 1:100 0.0001 10 x AUDUSD Rate 0.0008
GBPCAD 7 GBP 100,000 1:100 0.0001 10/ USDCAD Rate 0.0008
GBPCHF 5 GBP 100,000 1:100 0.01 10 / USDCHF Rate 0.0005
GBPJPY 5 GBP 100,000 1:100 0.0001 1000 / USDJPY Rate 0.05
GBPNZD 10 GBP 100,000 1:100 0.0001 10 x NZDUSD Rate 0.0010
NZDCAD 7 NZD 100,000 1:100 0.0001 10 / USDCAD Rate 0.0008
NZDCHF 7 NZD 100,000 1:100 0.0001 10 / USDCHF Rate 0.0008
NZDUSD 4 NZD 100,000 1:100 0.01 10 USD 0.0003
USDCAD 3 USD 100,000 1:100 0.0001 10 / USDCAD Rate 0.0003
USDCHF 3 USD 100,000 1:100 0.0001 10 / USDCHF Rate 0.0003
USDJPY 3 USD 100,000 1:100 0.0001 1000 / USDJPY Rate 0.03
NZDJPY 6 NZD 100,000 1:100 0.01 1000 / USDJPY Rate 0.08

 

Instrument Spread Contract Size Per 1 Lot Standard Margin Requirement Per 1 Lot in USD Minimum fluctuation
(tick size)
Limit & stop levels
(ticks)
EURUSD 1.4 EUR 100,000 1:100 0.0001 0.0003
EURGBP 2.1 EUR 100,000 1:100 0.0001 0.0003
GBPUSD 1.9 GBP 100,000 1:100 0.0001 0.0003
AUDCAD 3.9 AUD 100,000 1:100 0.0001 0.0008
AUDCHF 3.8 AUD 100,000 1:100 0.0001 0.0008
AUDJPY 3.3 AUD 100,000 1:100 0.01 0.08
AUDNZD 5.5 AUD 100,000 1:100 0.0001 0.0008
AUDUSD 2.0 AUD 100,000 1:100 0.0001 0.0003
CADCHF 3.7 CAD 100,000 1:100 0.0001 0.0008
CADJPY 2.5 CAD 100,000 1:100 0.01 0.05
CHFJPY 5.0 CHF 100,000 1:100 0.01 0.05
EURAUD 4.6 EUR 100,000 1:100 0.0001 0.0005
EURCAD 3.9 EUR 100,000 1:100 0.0001 0.0008
EURCHF 3.5 EUR 100,000 1:100 0.0001 0.0003
EURJPY 1.9 EUR 100,000 1:100 0.01 0.03
EURNZD 5.6 EUR 100,000 1:100 0.0001 0.0008
GBPAUD 6.0 GBP 100,000 1:100 0.0001 0.0008
GBPCAD 6.0 GBP 100,000 1:100 0.0001 0.0008
GBPCHF 4.0 GBP 100,000 1:100 0.0001 0.0005
GBPJPY 2.9 GBP 100,000 1:100 0.01 0.05
GBPNZD 5.0 GBP 100,000 1:100 0.0001 0.0010
NZDCAD 3.4 NZD 100,000 1:100 0.0001 0.0008
NZDCHF 4.4 NZD 100,000 1:100 0.0001 0.0008
NZDUSD 2.5 NZD 100,000 1:100 0.0001 0.0003
USDCAD 2.2 USD 100,000 1:100 0.0001 0.0003
USDCHF 2.5 USD 100,000 1:100 0.0001 0.0003
USDJPY 2.0 USD 100,000 1:100 0.01 0.03
NZDJPY 5.3 NZD 100,000 1:100 0.01 0.08

All trading hours are GMT+2 winter time and GMT+3 summer time (Server time). Forex trading time: 24 hours per day, starting at Monday 00:00 and closing at Friday 24:00 (server time).

* Spreads applicable under normal trading conditions.
** For margin requirements and all symbols and leverage, refer to the Products Specifications of the designated entitiy.
*** Minimum level for placing SL and TP as well as Stop and Limit Orders from a current market price.
Pending orders = Stop Loss (SL), Take Profit (TP), Limit Buy/Sell, Stop Buy/Sell, Trailing.

Leverage

Amana FS uses a dynamic leverage model up to 1:500 on Forex products, which automatically reflects on client’s trading positions. As the volume of each trading instrument of a client increases, the maximum leverage offered decreases. To know more and get some examples, please download the example sheet available on this link.

Clients interested in benefiting from the dynamic leverage are requested to login to their account through the members area and request the leverage they desire. Note that terms and conditions apply when changing the Leverage.

Amana FS reserves the right to change margin requirements at any point, including overnight, expected major news/events that could cause high volatility and/or during weekends and holidays and/or between close/re-open sessions. Amana will try to notify the client before applying any change on the margin requirements but does not guarantee it will always be able to do so.

Amana FS reserves the right to hedge positions opened by the client by opening opposite positions at any point, including overnight, expected major news/events that could cause high volatility and/or during weekends and holidays and between close/re-open sessions. Amana will try to notify the client before hedging open positions but does not guarantee it will always be able to do so.

In case of losses, accounts are automatically liquidated and as a result, the loss might exceed the deposit so the client may be required to make further payments.

Browse Amana FS's Trading Products

 

Start Trading Forex with Amana FS

Opening your account with Amana FS is simple and easy. Whether you are a beginner or a professional trader, we have the right solution for you. Open your demo account and learn the basics of trading, or open your real account to start trading in the real financial markets.

Risk Warning: CFDs are leveraged financial instruments that carry a high degree of risk and as a result, losses might exceed your invested capital and clients classified as non-retail may be required to make further payments.  Trading in CFDs may not be suitable for all investors. You should ensure before trading you fully understand the risks involved and consider your level of experience. If necessary you should seek independent advice. "Risk Disclosure Statement" for further details.