Wahed Invest vs Amana Capital

Wahed Invest or Amana Capital – which is better for UK traders 2024? Compare Wahed Invest and Amana Capital in this detailed breakdown of their platforms, features and fees.

Wahed Invest vs Amana Capital Comparison Table 2024
Wahed Invest Amana Capital
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3.1
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Wahed Invest is ranked #118 among UK brokers. Amana Capital is ranked #97 among CFD brokers.
Wahed Invest is an ethical investment platform and robo-advisor aimed at Muslim investors. The firm is overseen by the Sharia Review Bureau, offering a range of stocks, ETFs, sukuk and gold. With a reasonable $100 minimum deposit and strong regulatory oversight, the firm has become an accessible option for over 200,000 investors. Amana Capital is a leading retail broker offering deposit bonuses and MT4 trading.
Pros
  • Commitment to ethical investing with rigorous screenings, plus Waqf practices to ensure income generated from assets is donated
  • The broker's fee covers all custodian fees and transaction fees and traders are never charged for account balances of zero
  • Strong regulation by the SEC in the US and the FCA in the UK, plus membership with the Shariah Review Bureau
  • Six flexible investment portfolio styles, from Very Conservative to Very Aggressive, plus a rebalancing service
  • Engaging blog featuring Islamic finance education and awareness, updated regularly
Cons
  • Platform is not as advanced as other competitors
  • Higher fees than other investment firms
  • Bank card funding not available
  • $100 minimum withdrawal
  • No live chat support
FCA Regulated
No

List of FCA Regulated Brokers

Yes
Instruments
Stocks, Sukuk, Gold Forex, CFDs, ETFs, indices, shares, energies, metals, futures
Demo Account
No Yes
Minimum Deposit
$100 $50
Payment Methods
Minimum Trade
Variable 0.01 Lots
Regulator
SEC, SRB FCA, DFSA, CySEC, CMA, LFSA, FSC, SC
Mobile Apps
iOS & Android Yes
iOS App Rating
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Android App Rating
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Margin Trading
No No
MetaTrader 4
No Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
Yes No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Auto Trading
Robo-advisor Yes
Copy Trading
No No
Social Trading
No Yes
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes Yes
Account Currencies
  • USD
  • GBP
  • MYR
Commodities
  • Gold
  • Gold
  • Silver
CFD
Speculate on prices across financial markets.
Leverage
1:30 (EU), 1:500 (Global)
FTSE Spread
1.5
GBPUSD Spread<
1.9
Oil Spread
5
Stocks Spread
Variable
Forex
Trade online currencies with tight spreads.
Assets
50+
GBPUSD Spread
1.9
EURUSD Spread
1.4
EURGBP Spread
2.1
Wahed Invest Amana Capital
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