Forex Trading Services

ONASIS Brokers offers a wide range of forex trading services powered by high leverage and low margin requirements. You can choose any of the available account types including islamic forex trading accounts. ONASIS Brokers uses the award-winning metatrader4 forex trading platform which is capable of using custom indicators and automated expert advisers for trading automization.

Forex Trading Instruments

Traders have a great opportunity to trade currencies online by choosing any of the provided tradable securities on our trading platform. Please check our complete list of trading instruments and/or swap rates that will be charged to non-islamic accounts.

Why Trade with ONASIS

ONASIS Brokers offers clients the ability to trade currencies online with fixed low spreads as low as 1 pip. ONASIS provides custom leverage on forex trading accounts as high as 500:1 and a low margin requirement on all tradable securities. ONASIS is a straight-through-processing (STP) broker which means that all your trades orders are passed instantly to our liquidity providers with no dealer interference in the middle (NDD).

ONASIS Offers Trading Services Worldwide

ONASIS offers retail forex services to customers worldwide. We are very proud to be of th leading service providers in Indonesia, Malaysia, Nigeria, South Africa, USA and the Egypt. Our multilingual operation and support team are proud to offer you professional services in your mother language anytime you require such.
 
  • Trade micro, mini, standard & Islamic forex accounts at premium low spreads
  • Trade Forex & CFD's Online - Powerful trading tools and accounts to meet your trading strategies
  • Trade gold, silver and crude oil at fixed spreads and minimal commissions
  • Swap-Free Islamic Accounts are available for as low as 2 pip spreads


 
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RISK DISCLOSURE STATEMENT

In consideration of ONASIS IBC ("ONASIS") agreeing to enter into Over-the-Counter ("OTC") Foreign Exchange Contracts with the undersigned (hereinafter referred to as the "Customer"), Customer acknowledges, understands and agrees that:
1. Trading Is Very Speculative and Risky
Foreign Exchange Trading and Spot Metal Trading is highly speculative and is suitable only for those customers who (a) understand and are willing to assume the economic, legal and other risks involved, and (b) are financially able to assume losses significantly in excess of Margin or deposits. Foreign Exchange and Spot Metal Trading is not an appropriate investment for retirement funds. Customer represents warrants and agrees that Customer understands these risks; that Customer is willing and able, financially and otherwise, to assume the risks of Foreign Exchange Trading and Spot Metal Trading and that loss of Customer's entire Account Balance will not change Customer's life style.
2. High Leverage And Low Margin Can Lead To Quick Losses
The high leverage and low Margin associated with Foreign Exchange Trading and Spot Metal Trading can result in significant losses due to price changes in Foreign Exchange Contracts, Cross Currency Contracts and Metal Contracts. ONASIS IBC's Margin policies may require that additional funds be provided to properly margin Customer's Account and that Customer must immediately meet such Margin requirements. Failure to maintain the required Margin Balance may result in the liquidation of any Open Positions with a resultant loss to Customer. Increasing leverage increases risk.
3. Prices, Margin And Valuations Are Set By ONASIS IBC and May Be Different From Prices Reported Elsewhere
ONASIS IBC will provide prices to be used in trading, valuation of Customer positions and determination of Margin requirements. Although ONASIS IBC expects that these prices will be reasonably related to prices available in the interbank market, prices reported by ONASIS IBC Limited may vary from prices available to banks and other participants in what is known as the interbank market. ONASIS IBC will exercise considerable discretion in setting and collecting Margin. ONASIS IBC is authorized to convert funds in Customer's Account for Margin into and from such Foreign Currency and Metal at a rate of exchange determined by ONASIS IBC in its sole discretion on the basis of then-prevailing money market rates. Upon entering a trade using the online platform, Metatrader or phone trading 'when available', Customer declares acceptance of quoted price on the platform and hereby agrees to indemnify, defend, save and hold free and harmless ONASIS IBC for any liabilities, claims, losses, damages costs and expenses, including attorneys' fees, resulting directly or indirectly from such differences in quoted price from those quoted on third party platforms and/or the interbank.
4. One Click Trading And Immediate Execution
ONASIS IBC's automated order entry systems provide immediate transmission of Customer's order once Customer enters the notional amount and clicks "Buy/Sell." There is no "second look" before transmission, and Market Orders cannot be cancelled. This feature may be different from other trading systems. Customer should utilize the Demo Trading Systems to become familiar with the order entry process before trading online with ONASIS IBC Customer agrees that by using ONASIS IBC's order-entry system, Customer agrees to the one-click system and accepts the risk of this immediate transmission feature.
5. Telephone Orders And Immediate Execution
Market Orders executed through the ONASIS IBC Trading Desk are completed when ONASIS IBC says "deal" or "done". At that point Customer has bought or sold and cannot cancel the Market Order. By placing Market Orders through the ONASIS IBC Trading Desk, Customer agrees to such immediate execution and accepts the risk of this immediate execution feature.
6. Market Recommendations Are Informational, Customer Makes Independent Decisions, And ONASIS IBC Is Not An Adviser Or A Fiduciary To Customer
The market recommendations provided by ONASIS IBC do not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell, any Foreign Exchange Contracts, Cross Currency Contracts, Metal Contracts, Futures or Commodities. Each decision by Customer to enter into a Contract or other transaction with ONASIS IBC and each decision whether a Contract or other transaction is appropriate or proper for Customer is an independent decision by Customer. ONASIS IBC is not acting as an advisor or serving as a fiduciary to Customer. Customer agrees that FIG Solutions Limited has no fiduciary duty to Customer and no liability in connection with and is not responsible for any liabilities, claims, damages, costs and expenses, including attorneys' fees, incurred in connection with Customer following ONASIS IBC's trading recommendations or taking or not taking any action based upon any recommendation or information provided by ONASIS IBC.
7. Recommendations Are Based On Personal Judgments And Are Not Guaranteed
The market recommendations of ONASIS IBC are based solely on the judgment of ONASIS IBC's personnel. These market recommendations may or may not be consistent with the market positions or intentions of ONASIS IBC, its affiliates and employees. The market recommendations of ONASIS IBC are based upon information believed to be reliable, but ONASIS IBC cannot and does not guarantee the accuracy or completeness thereof or represent that following such recommendations will reduce or eliminate the risk inherent in Foreign Exchange and Spot Metal Trading.
8. There is no Central Market or Clearinghouse Guarantee of Payment
Foreign exchange trading with ONASIS IBC is not conducted on a regulated market or exchange. Each Contract is a contract directly between FIG Solutions Limited and the Customer. There is no clearinghouse and no guarantee by any other party of ONASIS IBC's payment obligations to the customer. Customer must look only to ONASIS IBC for performance on all Contracts in Customer's Account and for return of any Margin or Collateral. The insolvency of ONASIS IBC or a default by ONASIS IBC could cause Customer to lose the value of its Account and to suffer additional losses from Open Positions.
9. No Guarantees Of Profit
There are no guarantees of profit or freedom from loss in Foreign Exchange and Spot Metal Trading or any Other traded instruments on ONASIS IBC's trading platform. Customer has received no such guarantees from ONASIS IBC or from any of its representatives. Customer is aware of the risks inherent in Foreign Exchange Trading and is financially able to bear such risks and withstand any losses incurred.
10. Customer May Not Be Able To Close Open Positions
Due to hectic, or any other specific market conditions or other circumstances ONASIS IBC may be unable to close out Customer's position at the level specified by Customer, and Customer agrees ONASIS IBC will bear no liability for failure to do so.
11. Trading Ahead And Along
ONASIS IBC, its personnel and affiliates and various other parties may execute orders at the same or better prices ahead of a Customer Order.
12. Third Party Agents
In the event that Customer grants trading authority or control over Customer's Account to a third party (the "Trading Agent"), whether on a discretionary or non-discretionary basis, ONASIS IBC shall in no way be responsible for reviewing Customer's choice of such Trading Agent or for making any recommendations with respect thereto. ONASIS IBC makes no representations or warranties concerning any Trading Agent; ONASIS IBC shall not be responsible for any loss to Customer occasioned by the actions of the Trading Agent; and ONASIS IBC does not, by implication or otherwise, endorses or approve of the operating methods of the Trading Agent. If Customer gives the Trading Agent authority to exercise any of its rights over its Account, Customer does so at Customer's risk. Even though the undersigned grants authority to Trading Agent, client should be diligent and closely scrutinize all account activity.
13. Internet Trading
Since ONASIS IBC does not control signal power, its reception or routing via Internet, configuration of Customer's equipment or reliability of its connection, ONASIS IBC shall not be liable for any claims, losses, damages, costs or expenses, including attorneys' fees, caused, directly or indirectly, by any breakdown or failure of any transmission or communication system or computer facility or trading software, whether belonging to ONASIS IBC, Customer, any market, or any settlement or clearing system when Customer trades online (via the Internet).
14. Telephone Orders
ONASIS IBC is not responsible for disruption, failure or malfunction of telephone lines.
15. Quoting Errors
Should a quoting error occur due to a mistype of a quote or a misquote given by telephone and/or electronic means (including responses to Customer requests), ONASIS IBC is not liable for any resulting errors in Account Balances and reserves the right to make necessary corrections or adjustments on the Account involved within 28 business days of that incidence. Any dispute arising from such quoting errors will be resolved on the basis of the fair market value, as determined by ONASIS IBC, in its sole discretion, of the relevant Currency at the time such an error occurred. In cases where the prevailing market represents prices different from the prices ONASIS IBC has posted on our screen, ONASIS IBC will attempt, on a best efforts basis, to execute trades on or close to the prevailing market prices. These prevailing market prices will be the prices, which are ultimately reflected on the Customer Statements. This may or may not adversely affect customer realized and unrealized gains and losses. Upon entering a trade using the online platform, Metatrader or phone trading 'when available', Customer declares acceptance of quoted price on the platform and hereby agrees to indemnify, defend, save and hold free and harmless ONASIS IBC for any liabilities, claims, losses, damages costs and expenses, including attorneys' fees, resulting directly or indirectly from such differences in quoted price from those quoted on third party platforms and/or the interbank.
16. Creditor Priority in Bankruptcy
The transactions you are entering into with ONASIS IBC are not traded on an exchange. Therefore, under the U.S. Bankruptcy Code, your funds may not receive the same protections as funds used to margin or guarantee exchange-traded futures and options contracts, which receive a priority in bankruptcy. Since the same priority has not been given to funds used for off-exchange forex trading and spot metal trading, if ONASIS IBC becomes insolvent and you have a claim for amounts deposited or profits earned on transactions with ONASIS IBC, your claim may not receive a priority. Without a priority, you are a general creditor and your claim will be paid, along with the claims of other general creditors, from any monies still available after priority claims are paid. Even customer funds that ONASIS IBC keeps separate from its own operating funds may not be safe from the claims of other general and priority creditors.

Secondary Risk Disclosure: High Risk Investment
TRADING IS VERY SPECULATIVE AND RISKY. FOREIGN EXCHANGE TRADING IS HIGHLY SPECULATIVE AND IS SUITABLE ONLY FOR THOSE CUSTOMERS WHO (A) UNDERSTAND AND ARE WILLING TO ASSUME THE ECONOMIC, LEGAL AND OTHER RISKS INVOLVED, AND (B) ARE FINANCIALLY ABLE TO ASSUME LOSSES SIGNIFICANTLY IN EXCESS OF MARGIN OR DEPOSITS. CUSTOMER REPRESENTS, WARRANTS AND AGREES THAT CUSTOMER UNDERSTANDS THESE RISKS; THAT CUSTOMER IS WILLING AND ABLE, FINANCIALLY AND OTHERWISE, TO ASSUME THE RISKS OF FOREIGN EXCHANGE TRADING AND SPOT METAL TRADING AND THAT LOSS OF CUSTOMER'S ENTIRE ACCOUNT BALANCE WILL NOT CHANGE CUSTOMER'S LIFE STYLE.

THE HIGH LEVERAGE AND LOW MARGIN ASSOCIATED WITH FOREIGN EXCHANGE TRADING AND SPOT METAL TRADING CAN RESULT IN SIGNIFICANT LOSSES DUE TO PRICE CHANGES IN FOREIGN EXCHANGE CONTRACTS, CROSS CURRENCY CONTRACTS AND METAL CONTRACTS. COMPANY'S MARGIN POLICIES MAY REQUIRE THAT ADDITIONAL FUNDS BE PROVIDED TO PROPERLY MARGIN CUSTOMER'S ACCOUNT AND THAT CUSTOMER MUST IMMEDIATELY MEET SUCH MARGIN REQUIREMENTS. FAILURE TO MAINTAIN MARGIN BALANCE IN AN AMOUNT EQUAL TO OR EXCEEDING 30% OF INITIAL MARGIN REQUIREMENT MAY RESULT IN THE LIQUIDATION OF ANY OPEN POSITIONS WITH RESULTANT LOSS TO CUSTOMER

FOREX IS AN OVER THE COUNTER (OTC) MARKET, MEANING THE FOREIGN CURRENCY TRADING YOU ARE ENTERING INTO IS NOT CONDUCTED ON AN EXCHANGE. AS A MARKET MAKER, ONASIS IBC LIMITED IS THE COUNTERPARTY IN THESE TRANSACTIONS WHERE ORDERS ARE NOT ROUTED THROUGH A BRIDGE TO A LIQUIDITY PROVIDER AND, THEREFORE, ACTS AS THE BUYER WHEN YOU SELL AND THE SELLER WHEN YOU BUY. AS A RESULT, ONASIS IBC'S INTERESTS MAY BE IN CONFLICT WITH YOURS. UNLESS OTHERWISE SPECIFIED IN YOUR WRITTEN AGREEMENT OR OTHER WRITTEN DOCUMENTS ONASIS IBC ESTABLISHES THE PRICES AT WHICH IT OFFERS TO TRADE WITH YOU. THE PRICES OFFERED MIGHT NOT BE THE BEST PRICES AVAILABLE AND DIFFERENT PRICES MAY BE OFFERED TO DIFFERENT CUSTOMERS.

IF ONASIS IBC ELECTS NOT TO COVER ITS OWN TRADING EXPOSURE, THEN YOU SHOULD BE AWARE THAT ONASIS IBC MAY MAKE MORE MONEY IF THE MARKET GOES AGAINST YOU. ADDITIONALLY, SINCE ONASIS IBC ACTS AS THE BUYER OR SELLER IN THE TRANSACTION, YOU SHOULD CAREFULLY EVALUATE ANY TRADE RECOMMENDATIONS YOU RECEIVE FROM ONASIS IBC OR ANY OF ITS SOLICITORS.

 
Forex Trading Hints from Professionals
Using a Highly Leveraged Account Comes at a Cost. It will, of course, give a trader more financial gear to trade, but for inexperienced traders, high leverage, and, in fact, any leverage can be disastrous. When a trader signs up for a high leverage without knowing how to accurately use it, he simply signs up for additional risks.


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ONASIS Brokers Account Opening Form

Thank you for your interest in opening an online Forex trading account with ONASIS Brokers.

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