Disliked"item 6:'The insolvency of TADAWUL FX LTD. or of a Bank or Broker used by TADAWUL FX LTD. to effect its transactions may lead to your positions being closed out against your wishes."
Considering this, I think its your duty to disclose who are your liquidity provider(s).
As a trader I have to know how good or bad your backround is...
Serious brokers have no issue to disclose this informationIgnored
I completely understand your concern and where you are coming from, however realistically speaking it is not possible for most businesses to disclose all information related to their business activities and procedures to the public. As you can imagine this can put us at great risk.
I would like to assure you that TDFX is a fully regulated and licensed company (CySec license no. 103/09) that is registered with most regulatory boards in the European Union including FSA and BAFIN, and others in Netherlands, Hungary, Spain, Switzerland, Luxembourg, etc. Tadawul FX also complies with MiFID, which is a European Union directive that regulates all financial firms in the European Economic Area. TDFX is regularly audited by Deloitte Ltd., both internally and externally, ensuring that it meets capital requirements and fully complies with all the financial regulations at all times.
As an additional security measure, TDFX also offers its retail clients insurance of funds through an Investor Compensation Fund and holds client’s funds in segregated bank accounts from company’s accounts. In the unlikely case of default/insolvency, TDFX is not permitted to use clients funds to meet its own financial obligations or for any other reason except paying its clients back.
I hope this was helpful.
Have a great weekend!