Why Trade Cryptocurrencies with Amana?
The Cryptocurrencies You Can Trade with Amana
|Bitcoin vs USD||74.1|
|Ethereum vs USD||8.77|
|LiteCoin vs USD||5.41|
|Ripple vs USD||0.044|
Advantage of Trading Cryptocurrencies
All trading hours are GMT+2 winter time and GMT+3 summer time (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.
Cryptocurrency Contract for Difference (‘CFDs’) trading are complex and high-risk products and as such come with a high risk of losing all the invested capital and potentially more than you have invested. Virtual currencies value can widely fluctuate and are therefore considered to be highly volatile and may result in significant loss over a short period of time.
Cryptocurrencies markets are decentralized and non-regulated. A cryptocurrency is a virtual currency that is not issued or backed by a central bank or government. Clients that open a CFD cryptocurrency account with Amana Financial Services UK Limited will be afforded a number of protections provided under the UK’s financial services regulatory framework: namely, the Financial Conduct Authority who regulate CFD trading in the UK; individual complaints can be referred to Financial Ombudsman Service and eligible clients have access to the Financial Services Compensation Scheme.
This notice provides you with information about the risks, but cannot explain all the risks and how they relate to your personal circumstances. If you are in doubt we recommend you seek professional advice. It is important you understand the risks involved before deciding to trade cryptocurrencies CFDs.
Trading CFDs on cryptocurrency carries a high level of risk and may not be suitable for all investors. The underlying reference value of the cryptocurrency’s is inherently very unpredictable with intraday swings ranging from 1% to 20% (sometimes even higher). In addition, price gaps are also very big both intraday and especially during the weekend and/or holidays when the market closes and re-opens again. Moreover, considering the opaqueness of price discovery for the underlying cryptocurrency the Company assesses and warns all clients that the market risk is acutely severe for such products. Furthermore, trading on margin can amplify both losses and earnings from any possible trade.
Amana Capital 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 Capital 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.
Amana reserves the right to take action, in order to protect the interest of all its client, and change at any time and without prior warning any or all of the product specifications and as per the terms of the Client Agreement & Order Execution Policy. Such actions could involve changes to trading conditions; including an increase of margin requirement, a widening of spreads, and a decrease of leverage. Any occurring change is considered effective at any time, even during the weekend, and will impact all clients, including those with fully-hedged positions.
Amana’s Overnight Policy is aimed at providing competitive rollover conditions to its clients. To know more about our overnight policy, click here.