In general terms the word Tadawul is defined as the only stock exchange in Saudi Arabia which is supervised by the Capital Market Authority (Saudi Arabia); Tadawul FX does not have any direct connection with the actual stock exchange but it does very much appeal to Arabic speaking traders due to its orientation which makes it’s a very well asked question why the particular broker does not offer an Arabic version of its site.
TadawulFX is an innovative CySeC licensed STP forex broker authorized by the FSA and BaFin to operate forex brokerage services. Tadawul FX is headquartered in Cyprus where it maintains its dealing desk and maintains representative offices in Switzerland and Hungary which cater to its increasing worldwide clientele.
Services offered by this particular forex broker are hosted at tadawulfx.com which is an admirable website which we can easily classify as one of the top 3 forex broker websites in terms of ease of use, functionality and overall efficiency as it offers a clear cut design with all the information any trader needs easily accessible and structured in a tidy manner.
Offerings at Tadawul Fx are in the high segment of the industry and are clear cut and transparently presented through the website. Trading is offered in Forex, Gold, Oil and Indices from one account with fixed spreads set as low as 1 pip on premium accounts and at 3 pips on mini accounts which makes spreads a bit high for small account holders.
Trading is conducted through the Tadawul MT4 which is offered in both demo and real trading environment with real trading accounts coming in 6 main formats including Mini, Standard, Premium, Managed, Islamic (Swap Free) and Corporate format all with different minimum deposit level and different spreads and leverage.
Tadawul Mini accounts start with a minimum $500 deposit and offer flexible leverage up to 1:500 with 0.05 Micro Lots available. Spreads on EUR/USD are set at fixed format at 3 pips with No Re-quotes.
Tadawul Standard accounts start with a $5000 minimum deposit and benefit from the same 1:500 flexible leverage Micro accounts receive with additional benefits of lower spreads on EUR/USD set on fixed format at 2 pips which is fairly low.
Premium Tadawul accounts start at $150,000 and have a cap deposit at $150,000 with leverage lowered at 1:100 and spreads also lowered at a fixed level at 1 pips. Additionally premium account are offered telephone trading directly with TDFX treasury.
Muslim traders can benefit from Tadawul Islamic accounts which are in full compliance to Shariah Law with no Riba policy and riba policy, musharaka and hibah available.
Businesses or corporate entities can apply for corporate accounts which can be discusses directly with the forex broker.
- TadawulFX is Licensed and Regulated by the Following
- CySec Cyprus Security and Exchange Commission
- FSA UK
- BaFin Germany
In addition you should check on the website of the regulator for any complains against the broker as some regulators (i.e. the FSA) post all cases online.
TadawulFX MT4
TadawulFx adopts all the versions of the MT4 including the Metatrader Desktop version, the MT4 Mobile Version and MT4 Multiterminal which allow expert advisors and scalping; additionally Tadawul currently offers beta testing of the MT5 which is soon to be released officially as it is current in beta testing period to trace bugs and faults which can therefore flawlessly be catered to before it replaces its successful predecessor.
Tadawul Forex Demo
Demo Accounts at Tadawul are offered for free with no obligations and use the same MT4 platform used on real trading accounts. Virtual balance is not specified.
Dealing Desk
Tadawul Fx maintains its STP dealing desk at its headquarters in Cyprus and its adopts a No-Requote policy.
Tadawul FX Spreads
Spreads at Tadawul are set from default to fixed and are offered as low as 1 pip on EURUSD for Premium Accounts, at 2 pips on EURUSD for Standard Accounts and at 3 pips for Mini Accounts making trading conditions capitalistic.
Tadawul FX Leverage
Leverage at Tadawul FX is in the high segment of the industry ranging between 500:1 for mini and Standard Accounts and at 1:100 for Premium Accounts.
TadawulFX Bonuses
No Bonuses Offered Currently.
MT4 Mobile Trading Accounts
Tadawul FX offers mobile trading through through its MT4 Smart Phone and PDA Trading Platform which requires mobile devices to use a Windows based interface.
Funds Deposit and Withdrawal
Deposits and Withdraws are accepted through Paypal, Credit Cards, Moneybookers and Direct Bank Wire Transfer with charges covered by TadawulFX which is a major plus.
TadawulFx Review
Although minimum deposit is rather set too high for newcomers Tadawul FX is a highly rated forex broker as it maintains an excellent reputation and a fair and transparent trading process which comes hand in hand with a Class A website which is excellent in functionality and fast with loading. Depositing and withdrawing is offered through a major bundle of electronic wallets for which Tadawul covers costs which we consider a major asset towards the broker offerings. Overall we highly recommend Tadawul FX.