Tadawul FX Review – FXBuild.com

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Broker Type: STP
Regulation: CySec (license number 103/09)
Established: 2006
Headquarter:  Cyprus
Broker Reviewed: www.tadawulfx.com

Forex trading is among the emerging markets in the world and people are eager to know much about the ever growing FX markets whether they be traders, investors, brokers, non-profit organizations or general public. Due to its extreme liquidity, forex market is one of the most famous investing machines for the investors and FX traders. Those who keep on searching for different and new FX brokers and their reviews must read this particular review, as you will learn all the details about the all famous Tadawul forex broker. Here we go with a totally unbiased Tadawul review.

Pros and cons

Pros
• Fixed spreads with no commission
• Customer support is available 24 hours a day, 7 days a week in different languages including Greek, English, French, Arabic, German, Hungarian, Russian, and Armenian.
• Live forex charts and technical analysis
• Availability of web trading, mobile trading and the all famous MT 4.
• Accept clients from every part of the world, no restrictions, whatsoever.
• Availability of Islamic accounts and corporate forex accounts.

Cons
• Charged on deposit and withdrawal using PayPal. They’re not the one who charge the fees though.

Tadawul Review – Salient Features

Spread

Tadawul FX offers fixed spreads. They offer the option of trading in five base currencies. The fixed spread ranges from 1 pip to 4 pips in general and 1 pip to 3 pips in EUR/USD pair, depending on your account type. Premium accounts receive 1 pip for EUR/USD, standard accounts 2 pips and mini accounts 3 pips.

Leverage

Maximum leverage offered is 1:500 on mini and standard accounts, which is very high leverage as compared with the market trend.

Commission

This is supposed to be the best part of the Tadawul FX, they don’t charge any sort of commission. They actually earn from the spread.

Minimum deposit requirement

Tadawul offers three different types of accounts: Mini, standard and Premium. Importantly, you can choose to open a forex demo account in any of the accounts. The minimum deposit required for mini account is $500. The segregation according to minimum deposit requirement of each account is as follows:
Mini Account – $500 to $5000
Standard Account – $5000 to $150000
Premium Account – $15000 and above

Besides, they also offer managed accounts and corporate accounts.

Strategies (Hedging, Scalping, Forex robot, swap-free Islamic Account)

Tadawul FX allows hedging as well as scalping strategies of all types. You can also use forex robots or expert advisors (EA). Swap free Islamic accounts are also available.

Trailing stops

Trailing stop orders are also offered by this broker.

Trading platforms

Tadawul FX is very good at providing a wide range of trading platforms to its clients, something which traders love.
• Trade with MT 4 any time anywhere.
• They also offer MT 4 Mobile so that traders can trade while they are on the move. MT 4 Mobile software is compatible with Blackberry, iPhone, Ipads, Windows cell phones, Tablets, Android and with smart phones.
• Web trading services are also offered. Traders can trade from any computer any time.
• Tadawul FX also offers MT 4 Multi Terminal which is used to manage more than one forex trading accounts.
• Multi Account Manager (MAM) is a software that is offered by Tadawul. It’s a more professional sort of platform for managing multiple trading accounts.

Citizenship

Tadawul has no restrictions at all. They accept citizens from all the countries and continents including US citizens. This is one of the great things about this broker. Most of the brokers don’t accept US citizens and/or have restrictions in accepting citizens of certain countries, but Tadawul is one step ahead.

Instruments

Besides currencies, Tadawul also offers some other investing opportunities to its traders. They offer commodity trading as well as CFD trading. Traders can trade gold, silver and crude oil along with currencies and CFD (NIKKEI, NASDAQ 100 and DOW).

Execution

They offer instant execution without any delays. Hence traders don’t have to expect requotes very often.

Support

Customer support is the real edge that Tadawul has on other brokers. They are very quick in their responses. They offer 24 hours phone, email and live customer support to their clients. So, customer support isn’t any issue.

Regulation

Tadawul is a properly registered and regulated forex broker. Its registered from CySec under license number 103/09.

Tadawul Review – Conclusion

Tadawul FX is without doubt, a good forex broker with a lot of services and features. It’s for sure that it’s not possible to get all the services from a single forex broker, but generally speaking, this broker is a good one. Besides, it has only few drawbacks including the unavailability of PAMM accounts and traders usually complaint that they are not good at requotes. However, you have the option of demo account; you can give them a try anytime.

Open A Live Account in Tadawul FX

Open A Demo Account in Tadawul FX

Forex trading is among the emerging markets in the world and people are eager to know much about the ever growing FX markets whether they be traders, investors, brokers, non-profit organizations or general public. Due to its extreme liquidity, forex market is one of the most famous investing machines for the investors and FX traders. Those who keep on searching for different and new FX brokers and their reviews must read this particular review, as you will learn all the details about the all famous Tadawul forex broker. Here we go with a totally unbiased Tadawul review.

Pros and cons

Pros
• Fixed spreads with no commission
• Customer support is available 24 hours a day, 7 days a week in different languages including Greek, English, French, Arabic, German, Hungarian, Russian, and Armenian.
• Live forex charts and technical analysis
• Availability of web trading, mobile trading and the all famous MT 4.
• Accept clients from every part of the world, no restrictions, whatsoever.
• Availability of Islamic accounts and corporate forex accounts.

Cons
•

Tadawul Review – Salient Features

Spread

Tadawul FX offers fixed spreads. They offer the option of trading in five base currencies. The fixed spread ranges from 1 pip to 4 pips in general and 1 pip to 3 pips in EUR/USD pair, depending on your account type. Premium accounts receive 1 pip for EUR/USD, standard accounts 2 pips and mini accounts 3 pips.

Leverage

Maximum leverage offered is 1:500 on mini and standard accounts, which is very high leverage as compared with the market trend.

Commission

This is supposed to be the best part of the Tadawul FX, they don’t charge any sort of commission. They actually earn from the spread.

Minimum deposit requirement

Tadawul offers three different types of accounts: Mini, standard and Premium. Importantly, you can choose to open a forex demo account in any of the accounts. The minimum deposit required for mini account is $500. The segregation according to minimum deposit requirement of each account is as follows:
Mini Account – $500 to $5000
Standard Account – $5000 to $150000
Premium Account – $15000 and above

Besides, they also offer managed accounts and corporate accounts.

Strategies (Hedging, Scalping, Forex robot, swap-free Islamic Account)

Tadawul FX allows hedging as well as scalping strategies of all types. You can also use forex robots or expert advisors (EA). Swap free Islamic accounts are also available.

Trailing stops

Trailing stop orders are also offered by this broker.

Trading platforms

Tadawul FX is very good at providing a wide range of trading platforms to its clients, something which traders love.
• Trade with MT 4 any time anywhere.
• They also offer MT 4 Mobile so that traders can trade while they are on the move. MT 4 Mobile software is compatible with Blackberry, iPhone, Ipads, Windows cell phones, Tablets, Android and with smart phones.
• Web trading services are also offered. Traders can trade from any computer any time.
• Tadawul FX also offers MT 4 Multi Terminal which is used to manage more than one forex trading accounts.
• Multi Account Manager (MAM) is a software that is offered by Tadawul. It’s a more professional sort of platform for managing multiple trading accounts.

Citizenship

Tadawul has no restrictions at all. They accept citizens from all the countries and continents including US citizens. This is one of the great things about this broker. Most of the brokers don’t accept US citizens and/or have restrictions in accepting citizens of certain countries, but Tadawul is one step ahead.

Instruments

Besides currencies, Tadawul also offers some other investing opportunities to its traders. They offer commodity trading as well as CFD trading. Traders can trade gold, silver and crude oil along with currencies and CFD (NIKKEI, NASDAQ 100 and DOW).

Execution

They offer instant execution without any delays. Hence traders don’t have to expect requotes very often.

Support

Customer support is the real edge that Tadawul has on other brokers. They are very quick in their responses. They offer 24 hours phone, email and live customer support to their clients. So, customer support isn’t any issue.

Regulation

Tadawul is a properly registered and regulated forex broker. Its registered from CySec under license number 103/09.

Tadawul Review – Conclusion

Tadawul FX is without doubt, a good forex broker with a lot of services and features. It’s for sure that it’s not possible to get all the services from a single forex broker, but generally speaking, this broker is a good one. Besides, it has only few drawbacks including the unavailability of PAMM accounts and traders usually complaint that they are not good at requotes. However, you have the option of demo account; you can give them a try anytime.