Amana is a neobroker platform that provides commission-free trading of thousands of financial assets, including MENA and US stocks, cryptocurrencies, and commodities, through a user-friendly mobile application. The platform eliminates hidden fees and minimum balance requirements, enabling equitable access to financial markets while offering educational resources to empower investors of all skill levels.
Funding
Funding not disclosed
Founders
Product
Problem
Many individuals in the MENA region lack access to affordable and user-friendly platforms for trading and investing in both local and international financial markets. High commission fees, exchange fees, and clearing fees, particularly on MENA stocks, create barriers to entry and limit participation in the region's economic growth.
Solution
Amana provides a neobroker platform that offers commission-free trading of a wide range of financial assets, including MENA and US stocks, EU and UK stocks, cryptocurrencies, commodities, currencies, ETFs and indices, through a user-friendly mobile app and web platform. Amana distinguishes itself by offering zero commission and zero exchange & clearing fees on MENA stocks up to $100,000 in investment, lowering the cost of trading and investing in the region. The platform provides access to physical shares, leveraged assets, and fractional trading, catering to both new and experienced traders with educational resources and personalized client assistance.
Target Audience
Amana targets both new and experienced traders and investors in the MENA region seeking access to a wide range of financial markets with a user-friendly platform and low-cost trading options.
Features
- Zero commission trading on MENA stocks, US stocks, indices, commodities, and crypto assets.
- Zero exchange and clearing fees on MENA stocks up to $100,000 in investment.
- Access to over 5,500 leveraged US & MENA stocks.
- Access to over 2,100 physical US shares (SIPC insured).
- Access to over 200 physical MENA shares.
- Support for leveraged and unleveraged cryptocurrency trading.
- Advanced charting tools and personalized client assistance.
- All-in-one account accessible via amana app, amanaWeb, and MetaTrader 4/5.
- Cashback rewards for active traders based on trading volume.
- Educational resources, including partnerships with Real Vision for tuition-free trading and investing courses.