Oaza broker Accounts

oaza Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: oaza Account Types Explained

Available Account Types

Oaza offers several account types to cater to different trading needs and preferences. Below is a detailed overview of each account type:

1. Standard Account

• Minimum Deposit: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Suitable for beginners; access to a wide range of trading instruments.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex pairs, commodities, indices.

1. ECN Account

• Minimum Deposit: $500
• Spread/Commission Structure: Low spreads starting from 0.1 pips; commission of $5 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, ideal for high-frequency trading.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex pairs, metals, cryptocurrencies.

1. Pro Account

• Minimum Deposit: $2,000
• Spread/Commission Structure: Spreads from 0.5 pips; commission of $3 per lot.
• Leverage Options: Up to 1:400.
• Key Features: Enhanced trading conditions, suitable for professional traders.
• Target User Profile: Experienced traders and institutions.
• Trading Instruments Available: Forex pairs, commodities, indices, and stocks.

1. Islamic Account

• Minimum Deposit: $100
• Spread/Commission Structure: Similar to Standard Account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Swap-free account compliant with Islamic law.
• Target User Profile: Muslim traders looking for compliant trading options.
• Trading Instruments Available: Forex pairs, commodities.

1. Demo Account

• Minimum Deposit: N/A (virtual funds).
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading with virtual funds; access to all trading tools.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: All instruments available in live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginner: Standard Account or Demo Account.
• Intermediate: ECN Account.
• Advanced: Pro Account.
• Muslim Traders: Islamic Account.

Part 2: Detailed oaza Account Features

Comparison of Features Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $2,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:400

• Islamic: Up to 1:500

• Demo: Up to 1:500

• Spreads (Typical/Minimum):

• Standard: 1.0 pips

• ECN: 0.1 pips

• Pro: 0.5 pips

• Islamic: 1.0 pips

• Demo: 1.0 pips

• Commission Fees:

• Standard: None

• ECN: $5 per lot

• Pro: $3 per lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Micro, Mini, Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• All account types: MT4, MT5.

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market, ECN

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Available for Standard and Islamic accounts.

• Swap-Free Options:

• Available for Islamic accounts.

• Demo Account Features:

• Virtual funds for practice trading; access to all trading tools.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• Ideal for beginners.

• No commission fees.

• ECN Account:

• Tight spreads for active traders.

• Direct market access.

• Suitable for scalping.

• Pro Account:

• Enhanced trading conditions.

• Lower commission fees.

• Access to advanced trading tools.

• Islamic Account:

• Compliant with Islamic law.

• No swap fees.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Opportunity to practice strategies.

• Access to all trading instruments.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited features for advanced trading.

• ECN Account:

• Higher minimum deposit.

• Commission fees apply.

• Pro Account:

• High minimum deposit.

• Not suitable for beginners.

• Islamic Account:

• Limited to specific trading instruments.

• May have fewer features than standard accounts.

• Demo Account:

• Virtual funds only; no real profits.

• Limited duration for practice.

Part 3: oaza Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to traders in most countries; specific restrictions may apply.
• Prohibited Countries: Countries under sanctions or restrictions may not be eligible.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID).
• Proof of address (utility bill or bank statement).
• Proof of Residence Requirements: Recent documents showing your name and address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

Oaza adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to verify their identity and residence to prevent fraud and ensure compliance.

Verification Time Frames

• Standard Verification: Typically takes 1-3 business days.
• Extended Verification: May take longer if additional documents are required.

Part 4: Step-by-Step oaza Account Opening Guide

Detailed Step-by-Step Registration Process

1. Visit the Website: Go to the Oaza official website.
2. Click Registration: Find and click on the "Register" button.
3. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
4. Choose Account Type: Select the account type that suits your trading needs.
5. Set Trading Preferences: Specify your trading preferences and leverage options.
6. Document Upload: Upload required identification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit the minimum required amount to start trading.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• Desktop Registration: Full feature access; may require more detailed information.
• Mobile Registration: Streamlined process; may have limited options.

Common Registration Issues and Solutions

• Issue: Document upload errors.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Email verification not received.
• Solution: Check spam folder or request a new verification email.

Average Account Approval Time

Typically, account approval takes 1-3 business days, depending on the completeness of the submitted documents.

How to Upgrade/Downgrade Account Types

• Upgrade: Contact customer support to request an upgrade; may require additional documentation.
• Downgrade: Follow the same process; ensure compliance with minimum deposit requirements for the new account type.

Part 5: oaza Demo Account Guide

Demo Account Features and Benefits

• Virtual Funds: Practice trading without financial risk.
• Access to Tools: Use all trading tools available in live accounts.
• Real Market Conditions: Experience trading in a simulated environment.

How to Open a Demo Account

Visit the Oaza website and select the option to open a demo account; follow the registration process similar to live accounts.

Demo Account Limitations

• Virtual Balance Amount: Typically set at $10,000 or similar.
• Duration/Expiry of Demo Accounts: Usually valid for 30 days; may be extended upon request.

Demo vs Live Account Differences

• Demo Account: No real profits; virtual funds only.
• Live Account: Real trading environment; potential for actual profits and losses.

Part 6: oaza Islamic Account Details

Swap-Free/Islamic Account Availability

Oaza offers Islamic accounts that comply with Sharia law, providing swap-free trading options.

Eligibility Requirements

• Must provide proof of Muslim faith.
• Standard documentation required for account opening.

Differences from Standard Accounts

• No swap fees applied.
• May have specific trading conditions tailored for Islamic compliance.

How to Apply for Islamic Account

Select the Islamic account option during the registration process and provide necessary documentation.

Restrictions or Special Conditions

• Limited to specific trading instruments.
• Must adhere to Islamic trading principles.

FAQs – oaza Account Types & Opening

1. What account types does oaza offer？

• Oaza offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $100, ECN: $500, Pro: $2,000, Islamic: $100, Demo: N/A.

1. How long does oaza account verification take？

• Verification typically takes 1-3 business days.

1. Does oaza offer demo accounts？

• Yes, Oaza provides demo accounts for practice trading.

1. Can I have multiple account types with oaza？

• Yes, you can open multiple account types as needed.

1. Does oaza offer Islamic/swap-free accounts？

• Yes, Oaza offers Islamic accounts that are swap-free.

1. What documents do I need to open a oaza account？

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type.