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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What Exactly Is Scalping?

In forex trading, scalping is taking advantage of currency pair changes over a very short period of time. Traders that scalp usually use high leverage and aim for less than 10 pips within a few minutes. Scalping is generally considered to be a dangerous practice by professional traders and is officially frowned on by forex brokers.

While scalping -as mentioned above- is even used by professional traders, some newbies traders fall for the bells and whistles around some cheap EA's that are being sold online and expect to make a million dollars daily by simply clicking a few buttons. That, is simply not as true as it sounds.

Please do not be a victim of those lame EA's that work only on demo accounts. Before buying an expert adviser, ask for a performance statement on a live account, not a demo back test benchmark. A good start would be asking to see the results of your EA being run on a live account, you can see myFXbook statistics for such EA's.

Scalping is a trading strategy, not a cheat method. Always try to understand how your expert adviser works. Ask your buyer about it's maximum deviation, risk-reward rate and the logic behind trades. If the EA you are about to buy is too good to be true, it probably is not that good.

How about scalping on my ONASIS account?

The above definition was introduced by About.com and explains briefly what the real scalping is.

ONASIS does not require a minimum number of trades per month as neither we require a minimum pip value or open time for positions before allowed to close. ONASIS accepts scalpers and scalping as a trading strategy. You can use scalping as a trading strategy with no restrictions of any kind, you are most welcome to scalp with ONASIS as long as your expert adviser has a logical core and is not listed amongst the few forbidden EA's and trading strategies below.

Arbitrage & Master/Slave EA's

All expert advisers based on arbitrage techniques will result in your trading account being banned with no refunds.
ONASIS does not welcome cheaters and/or cheating EA's. If your expert adviser is setup to steal prices from one source and execute orders on your ONASIS account, we kindly ask you to revise your decision before our anti-arbitrage module automatically bans your account. For more information please review paragraph 4.6 of our terms and conditions for more information.

Forbidden EA's

In efforts to make the above rule more clear for new traders, we have compiled a small list of expert advisers that are not allowed on our servers.
  • ForexGreed (also known as 4xGreed)
  • Genius, worst expert ever created
  • FAPTurbo & PipTurbo
  • IndraFXS (timeframes <= 240)
  • ForexShocker (all versions)
  • Kaprit/Kapul
  • EAKAIN (all versions)

ONASIS reserves the right to terminate any opened positions by such experts at any time and without any prior notification for the trader.
Any aggressive expert advisers sending invalid/simultaneous orders to the trading servers will also be banned, with no refunds.

Please do not feel threatened of such strict policy, usually this will never affect your account unless you have prior intentions to cheat the server by extreme scalping or gridding. Metatrader4 has a special report generated for managers that helps identifying such cheating accounts, the report looks like this:



As you can see, this report does not ban only accounts that make profit or only accounts that belong to a certain group as some people claim on review websites. This reporting tools is built-in the Metatrader4 platform and is used to perform complex tests and evaluations on all trading strategies and expert advisers to help determining who is actually scalping aggressively, gridding or in other cases sending too many quotes per second.

News Trading Restrictions / Warning

News trading is one of the most common trading techniques also known as fundamental trading. News traders relay more on important economical news that technical chart data to place their market orders expecting that particular news to impact the market.

News trading at ONASIS Brokers is allowed, but highly discouraged.
High slippage levels might be observed due to the fast market movements in such hectic moments. If you are a news trader or willing to trade fundamental releases on ONASIS trading servers, please acknowledge that your orders might be opened/closed with high slippage levels that can be anything from 1 pip and all the way to 50 pips or more depending on that particular news.

Upon occurrence of market gaps, your orders will be processed at the first tick we receive upon market opening from the liquidity provider regardless of the trade direction or type. This is a very rare situation that occurs -for example- when markets open on Monday with price levels far from those where markets where closed on the previous Friday.

 
Forex Trading Hints from Professionals
Exit Trades - If you place a trade and it's not working out for you, get out. Don't compound your mistake by staying in and hoping for a reversal. If you're in a winning trade, don't talk yourself out of the position because you're bored or want to relieve stress.


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ONASIS Brokers Account Opening Form

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

Please fill-in your full name and e-mail address to complete your registration.
First & Last Name
Your E-Mail Address
 I Agree with Terms of Service
 I Agree with Scalping Policies
By submitting this form, you declare reading, understanding and full acceptance of our terms of service agreement, risk statement and scalping policies. A verification email will be sent to the address you submit above with a link to verify your account. Please click the activation link to receive your trading account's login and password.