Thread: Tadawul FX (TDFX) Discussion

Hi Everyone,

My name is Kate Alippa and I am the representative for Tadawul FX (also Called). I've started this thread as a way to assist you with some questions regarding Tadawul FX and trading together. Please feel free to contact me on this forum or through email and I will be pleased to help you on the way.

If You're new to Tadawul FX and don't know much about us, Here's a brief description:

Website: http://www.tadawulfx.com/
Regulated by: CySec and MiFID compliant
Registered with: FSA, BAFIN, PSZAF
Instruments: currencies, metals, energies, CFDs
Spread: fixed spreads from 1 pip (on Foreign Exchange)
Acc Base Currencies: USD, EUR, GBP, CHF, JPY
Leverage: 1:1 to 1:500
Accounts: Mini, Standard, Premium, Islamic, Corporate, Managed
Strategies: These egies are welcomed such as hedging scalping
EAs: All EAs are welcomed

I look forward to hearing from you.

Sincerely,

Downloaded a demo today, hours before the appearance of the thread. I'll see how it goes. If I like it within the next couple months I'll throw 500 in a test account.

Hi Kate,

Does Tadawul FX trade Contrary traders?

What about order execution, slippage, requotes during news events / high volatility?

Hi Nederpip, I am using TDFX since September and it's a broker. I obtained slippage once few weeks however, the market was mad however, nothing significant. Otherwise quite professional, quick implementation, withdrawals and deposits. I have an account with a UK firm and throughout the market crash they rejected all of my orders and blocked my account. As I say it's in times that you see who's a good broker. I am happy with them. And their staff is quite beneficial.

They are starting shortly an ECN system in partnership with Currenex and this will be amazing. You will find this info on their website.


Hope that this helps

Originally Posted by ;

Hello Kate,

Can Tadawul FX trade Contrary traders?

What about order implementation, slippage, requotes during news events / high volatility?

Hi NederPip,

follows an STP model of implementation, and we cover all of trades in the actual market. To put it simply, when you buy, we buy, when you market, we sell, therefore we trade with customers and not contrary to them.

Tadawul FX always provides the best available rate and implementation at any given time, whether it's during the quite hours of the day, during the Asian session or through extreme volatile markets. There are instances of course once the liquidity is reduced or markets jump over 70 pips in a matter of a second, and this is when it becomes difficult to capture the rate of the market. During such circumstances (and they're rare) requotes or slippage can happen, afterall we can't offer a price that's not there (further confirming that we are an STP rather than a Market Maker). To learn more please take a look at this page on the website: http://www.tadawulfx.com/public/trad...thodology.html


I hope this was useful. All the best with your trading!

Thank you Kate.

But on http://www.100forexbrokers.com/stp-ecn-brokers/cpage-8 I found that:

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tadawul fx is listed as an stp(that got me interested in them). But here is what we found on page 5 of the account opening form, under the heading 'general risk disclosure':

thing 5:'A Bank or Broker by whom TADAWUL FX LTD. deals or TADAWUL FX LTD. itself can act in the exact same market as you, its own account involvement may be contrary to your own interests.

Thing 6:'The insolvency of TADAWUL FX LTD. or of a Bank or Broker utilized by TADAWUL FX LTD. to effect its trades may result in your rankings being shut out against your wishes.

7. The Customer is hereby advised that the transactions performed throughout the dealing services of TADAWUL FX LTD. may be of a speculative nature. Massive losses may happen in a brief time period, equaling the amount of funds deposited with TADAWUL FX LTD..
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This text made me believe TDFX is a market maker who trades against clients. How can you describe A Bank or Broker by whom TADAWUL FX LTD. deals or TADAWUL FX LTD. itself can act in the exact same market as you, its own account involvement may be contrary to your interests. ?

Notably the words TADAWUL FX LTD. itself imply that TDFX is a market maker.

So what's the deal with closing my losing and two profitable positions alike when I have margin? And this is about the demo. In acting up dealing desk plug? Spreads are not fixed and really pretty crazy, and on top of that not aggressive even with other bucket shops.

You're not winning me more than trading your presentation here. Usually demo trading that a broker's platform is more optimistic than trading using it. I would hate to find out how much money I'd lose on position closes if I invested money, which is simply robbery.

Thank you Alek.

Originally Posted by ;

They're starting shortly an ECN system in partnership with Currenex and this is amazing. You can find this information.

That sounds good, but I can not discover that on their site. Do you have a link?

I shut my reside acc. Following some months that are fruing, bc their old fashioned 4 digit platform is the place to exchange with fractal pips scalper EAs. .


So, be warned!

Originally Posted by ;

Thank you Kate.

But on http://www.100forexbrokers.com/stp-ecn-brokers/cpage-8 I discovered this:

-----------------------------------------------------------------------
tadawul fx is listed as an stp(that got me interested in them). But this is what we found on page 5 of their account opening form, under the heading 'overall risk disclosure':

thing 5:'A Bank or Broker through whom TADAWUL FX LTD. bargains or TADAWUL FX LTD. itself may act in precisely the same market as you, its account involvement may be contrary to your interests....

NederPip,

Very creative statements I have to state, but also very untrue.

There is no such information anywhere on our contract. You may view our Account Opening Terms and Conditions http://www.tadawulfx.com/public/docu...OPENING-V2.pdf .