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Tadawul FX (TDFX) Discussion

  • #41
  • Edited 9:03am Jun 2, 2010 8:17am | Edited 9:03am
Quoting extradeath
HI KATY

How are you? and where are you?

We haven't heard from you since a month. Hope you are all right.

I was wondering why don't you give us 5 digits instead of . Beside that did you find us a new way to send cash as western Union or any other means

Hope to hear from you soon
Best Wishes,

Hi Extradeath,

I am well thanks, hope you are too. My last post was only a few days ago

Please note that Tadawul FX is one of only a few forex companies in the world to offer fixed spreads at all times, including during the release of economic news and during the Asian trading session. You will find that most brokers offer spreads that vary greatly, and even though their spreads might be lower on some instruments during the quiet hours of the day, when it comes to economic release and Asian session, these spreads can increase significantly, wiping out any potential profit that could have been made if the spreads remained the same.

Tadawul FX made a conscious decision to offer fixed spreads at all times, creating a trading environment that is more transparent than that offered by most other brokers, where clients can be confident that the spread is always the same. We also reward clients with tighter spreads on major currency pairs on accounts with balances of USD5,000 and more (see conditions for our Standard and Premium accounts). Due to this policy of fixed spreads, as well as the general client consensus, TDFX had decided to continue to offer 4 decimal point trading, and not switch to 5 decimal points when Metaquotes first introduced the 5 decimal point trading some years ago. Based on client feedback (which TDFX takes into serious consideration before making any major changes), we find that our clients generally prefer trading with fixed spreads and 4 decimal points because it simplifies the process.

Lastly, TDFX is currently looking into several payment solutions in addition to the bank wire and PayPal funding services that we currently offer. I will keep you updated.

Kind Regards,
  • #42
  • Jun 2, 2010 12:19pm Jun 2, 2010 12:19pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
"Tadawul FX made a conscious decision to offer fixed spreads at all times, creating a trading environment that is more transparent than that offered by most other brokers,.."



Sorry, what is more transparent?? We are still waiting for the release of your countless liquidity providers
  • #43
  • Jun 2, 2010 2:55pm Jun 2, 2010 2:55pm
I currently trade through them. They are an honest and trustworthy broker.

However there are a few things I do not like about Tadawul:

1. PayPal deposits are not automated, so you have to wait until someone actually credits the funds into the trading account. The big problem with this is that the accounting department leaves soon after the US session has started, so if there are big moves during the US session and you find that you need to deposit more to avoid margin call, there's nobody there to make the deposit into the trading account even though PayPal payments are instantaneous, which means you may have to wait possibly 14 hours when the staff members return to work.

2. The fees are high for any method of depositing or withdrawing, possibly because their bank account is in Cyprus. I wish they had a bank account in USA or UK.

3. They allow broker to broker funds transfers only if depositing, but not withdrawing. Many other brokers, including those regulated by NFA and FSA, allow both.
  • #44
  • Jun 2, 2010 2:57pm Jun 2, 2010 2:57pm
Quoting TDFX
Hi Extradeath,

I am well thanks, hope you are too. My last post was only a few days ago

Hi Kate

Your last reply was in MAY so, it was a month ago )

Thanks for the reply. Hope to hear good news about your company always


Best Regards
eXtraDeath
  • #45
  • Jun 4, 2010 9:30am Jun 4, 2010 9:30am
Tadawul FX has always placed great emphasis on providing our clients with forex market news and educational resources to assist you with your trading. We are pleased to announce the launch of our new Market News and Free Trading Signals to aid you with your trading decisions and potentially increase your profits.

TDFX Market News has been revamped to offer you insightful information, including technical levels on all major currency pairs, gold, silver and crude oil. The technical levels are updated twice daily and are available on our website, through our MT4 platform, and as a subscription service to all website visitors and account holders.

Another information service which has just been revamped and relaunched is our Economic Calendar. The new eCalendar offers real time and reliable updates for market announcements from all major regions of the world. It also includes historic information and charts, previous and expected data, as well as insightful reports on what these announcements mean. The eCalendar is user-friendly and can be customised, making it an ideal tool to assist you with your trading decisions.

The benefits of these excellent new features are complimented by the Free Trading Signals and Alerts that we have recently introduced for all live account holders. The signals and alerts are received directly in the trading platform up to 7 times per day on major currency pairs, gold, and crude oil, which are additional cues to aid you in your trading.

For further information on the new services launched, please visit www.tadawulfx.com, or reply to us on this thread, Live Chat, Tel. +357 25200900, or email [font=Calibri][size=3][color=#0000ff][email protected][/color][/size][/font].

We wish you all the best with your trading!
  • #46
  • Jun 4, 2010 10:13am Jun 4, 2010 10:13am
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
These are pointless advertisements.

TDFX should answer crucial questions of their clients here on the forum IMO
  • #47
  • Jun 17, 2010 6:01pm Jun 17, 2010 6:01pm
We need this forum more active...........................

By the way, the news that are sent to us via MT4 mailbox and news are very useful. thanks

keep it up...........................................try to improve your pip price with NZD and some other where the price exceed 4 pips.

ALSO try to find another way to deliver cash

best wishes
  • #48
  • Jun 18, 2010 3:32am Jun 18, 2010 3:32am
Quoting extradeath
We need this forum more active...........................

By the way, the news that are sent to us via MT4 mailbox and news are very useful. thanks

keep it up...........................................try to improve your pip price with NZD and some other where the price exceed 4 pips.

ALSO try to find another way to deliver cash

best wishes


Thanks, glad you like the new News feature!

I definitely agree that we need to get this thread to be more active.

I also have some GOOD NEWS for all of our clients. Starting today, Friday 18th June, the PayPal fees have been reduced from 3.00% to 1.9% for all transactions.

In July I will have even better news for you regarding depositing funds, so stay tuned.

Lastly, I have addressed the case regarding NZD and was advised that NZD/USD spread is in line with what is generally offered throughout the market (remember the spread is also fixed at all times). The spread on EUR/NZD is slightly higher because this pair is generally considered to be highly volatile (can move 100 pips in a second) and there is often low liquidity on the pair. Nonetheless, I have brought this up with the management so they will look into this further.
  • #49
  • Jun 18, 2010 5:15am Jun 18, 2010 5:15am
thanks for your attention

Unfortunately I think that paypal doesn't work in Egypt (((

anyway it's good news

Best Wishes
  • #50
  • Jun 18, 2010 8:21am Jun 18, 2010 8:21am
Quoting TDFX
Hi Extradeath,

I am well thanks, hope you are too. My last post was only a few days ago

Please note that Tadawul FX is one of only a few forex companies in the world to offer fixed spreads at all times, including during the release of economic news and during the Asian trading session.

[color=black][font=Segoe UI][color=black][font=Segoe UI][font=Arial][size=2]Tadawul FX made a conscious decision to offer fixed spreads at...
Kate I was going through this thread, I have read the biased opinion(s), whether they be facts or false claimes by other tadawul FX employees (please note that I am not saying this for sure, however I look at this from very optimistic angles, after all this is a message board and anyone can post on here).

Thanks for the time to answer questions. I have been looking for another broker. I have been in the run around with gain and fxdd, I made fxdd credit me $200 because they lied to me about not being an MM Dealing desk.

The fact that you can offer fixed spreads and you get your quotes from the banks does in deed make you a Market Maker and a Dealing desk. I am assuming you are using that nasty little piece of software on your end called the Virtual Dealing Desk made by Boston Technologies? Can you prove to me that you are or are not using the Virtual Dealing Desk made by the very own Boston technologies?
Know when to hold em, Know when to fold em!
  • #51
  • Jun 21, 2010 10:50am Jun 21, 2010 10:50am
Quoting goods
Kate I was going through this thread, I have read the biased opinion(s), whether they be facts or false claimes by other tadawul FX employees (please note that I am not saying this for sure, however I look at this from very optimistic angles, after all this is a message board and anyone can post on here).

Thanks for the time to answer questions. I have been looking for another broker. I have been in the run around with gain and fxdd, I made fxdd credit me $200 because they lied to me about not being an MM Dealing desk.

The fact that you can...



Thanks for your post. I sympathize with your experience and appreciate that you took some time out to address a few questions with me directly as opposed making a judgment about TDFX based on other peoples’ posts. After all, as you mentioned anyone can post anything they like on the forum whether positive or negative, true or false. It is up to us to evaluate things and reach conclusions, hopefully educated ones based on facts not opinions.

I am not sure how FXDD operates, but in my experience of many years in the forex industry I can firmly say that no two companies (even those following the same models of execution) operate the same way and offer the same trading conditions. This is why you will find that every single company that claims to be STP, ECN, ABC, 123, or anything else, functions differently.
We sometimes tend to forget, but trading is not all about execution, and there are other important factors that need to be taken into consideration. Personally, I look for the whole package, not just one component, but again, what might work for me, might not work for someone else. I always advise to carry out a simple test… whether its when you are looking for a new broker, a new EA, a new fund manager, or a new savings account. Test with a small amount. See how things go. Make your own education opinion. Stick with the company and invest more. Or leave. Generally speaking, nothing is 100% proof in this world, so we have to do our best to make educated decisions.

I can assure you that TDFX does not use a Virtual Dealing Desk software and that TDFX covers all trades in the real market whether you are trading with 500 USD or 500,000 USD. You can contact Boston Technologies to get confirmation that we do not work with them or use any such systems, including the Virtual Dealer provided by them. I am not sure how I can “prove” this to you except by inviting you to come visit us at our offices and see how our Treasury Department operates and how they cover all orders. TDFX always wants to make sure that our clients are happy trading with us and if there are ever any issues we encourage our clients to address them with us directly so we can look into the matter and resolve it asap. TDFX has grown so quick because its fast to respond to client feedback and improve what’s necessary, when necessary. I guess this can be considered “proof” that we are doing something right and it seems that most of our clients come to us because of recommendations, not because of massive advertising or marketing tactics (“bonuses,” “competitions” etc).

Kind Regards,
  • #52
  • Jun 21, 2010 10:52am Jun 21, 2010 10:52am
Quoting extradeath
thanks for your attention

Unfortunately I think that paypal doesn't work in Egypt (((

anyway it's good news

Best Wishes
We're working on other Payment Solution so stay tuned.
  • #53
  • Jun 21, 2010 3:56pm Jun 21, 2010 3:56pm
Quoting TDFX
We're working on other Payment Solution so stay tuned.
My Katy....

How r u???????

Reading this forum gives me that I'm the only positive voice in here .... I think that requires a gift from you............loooooool

Keep it up. Nice work.

I'm not sure wether u r MM or not but I read in different sites that I respect that you are STP. And also fixed spread isn't an indicator for being MM.

Best Wishes
  • #54
  • Jun 21, 2010 6:33pm Jun 21, 2010 6:33pm
Quoting goods
Kate I was going through this thread, I have read the biased opinion(s), whether they be facts or false claimes by other tadawul FX employees (please note that I am not saying this for sure, however I look at this from very optimistic angles, after all this is a message board and anyone can post on here).

Thanks for the time to answer questions....
Goods

In the past I have used the Boston Technologies Bridge for the Mt4 platform and is horrible and unreliable, having said that it could a been also something to do with the broker.
Trading with TDFX MT4 platform is like an other world (zillions time better) and that is for both accounts, live and demo. Again I am not an IB or an affiliate to TDFX but if a broker is doing the homework I will say that openly. At the same time if a broker is playing funny games I will run as quick as signed up.
  • #55
  • Jun 22, 2010 6:28am Jun 22, 2010 6:28am
Quoting Pipstrumpf
Goods

In the past I have used the Boston Technologies Bridge for the Mt4 platform and is horrible and unreliable, having said that it could a been also something to do with the broker.
Trading with TDFX MT4 platform is like an other world (zillions time better) and that is for both accounts, live and demo. Again I am not an IB or an affiliate to TDFX but if a broker is doing the homework I will say that openly. At the same time if a broker is playing funny games I will run as quick as signed up.
Thanks Pipstrumpf and Extradeath! Im very happy to hear that all is going well for you at TDFX.
  • #56
  • Jun 24, 2010 10:17am Jun 24, 2010 10:17am
Hi All,

I have some good news for you today!

I would like to notify you of reduction of fees on all PayPal transactions from 3% to 1.9% effective as of now. You can now save more on deposits and withdrawals with TDFX.

Happy trading
  • #57
  • Jun 25, 2010 6:44am Jun 25, 2010 6:44am
Quoting TDFX
[size=3][font=Calibri]Thanks for your post....
Thank you very much for this, the fact that you would offer someone to come in to the offices and see for ourselves your operation says a whole lot and I do respect that. I am gonna give you guys a try. By the way how long have you been around and what are your certifications as a broker?
Know when to hold em, Know when to fold em!
  • #58
  • Jun 25, 2010 6:50am Jun 25, 2010 6:50am
Quoting Pipstrumpf
Goods

In the past I have used the Boston Technologies Bridge for the Mt4 platform and is horrible and unreliable, having said that it could a been also something to do with the broker.
Trading with TDFX MT4 platform is like an other world (zillions time better) and that is for both accounts, live and demo. Again I am not an IB or an affiliate to TDFX but if a broker is doing the homework I will say that openly. At the same time if a broker is playing funny games I will run as quick as signed up.
PIP's Thanks for your contribution and sharing with us your exeperiences, I read through your postings and by identifying the type of posting's that you have done I can agree with your comment that you are not affiliated with them in any way except with your account.

Would you elaborate on the boston technology bridge Virtual Dealer Desk is there a way I can tap into this and modify the settings so I dont experience the crummy scams associated with it? Is this the server piece on their end?
Know when to hold em, Know when to fold em!
  • #59
  • Jun 25, 2010 8:47am Jun 25, 2010 8:47am
Quoting goods
PIP's Thanks for your contribution and sharing with us your exeperiences, I read through your postings and by identifying the type of posting's that you have done I can agree with your comment that you are not affiliated with them in any way except with your account.

Would you elaborate on the boston technology bridge Virtual Dealer Desk is there a way I can tap into this and modify the settings so I dont experience the crummy scams associated with it? Is this the server piece on their end?
Goods

As mentioned I used to be with a broker that uses the Boston Technology bridge to run their downloaded MT4 platform (there are not many if you wonder who the broker was). What was the last straw for me with those guy's was, when you have an open positions and you are not able to close those positions even after a long time. Very frustrating when the MT4 platform is clearly showing connected on the Boston Technologies VPS server using their own bridge but the only people who can close open positions are the friendly help desk. Till today I do not know if this is a Boston Technologies issue or a broker issue and I am not a computer expert neither. What I know is that till now I never had such issues with TDFX and their MT4 platform is doing its job as it should.
  • #60
  • Jun 25, 2010 9:53am Jun 25, 2010 9:53am
Quoting goods
Thank you very much for this, the fact that you would offer someone to come in to the offices and see for ourselves your operation says a whole lot and I do respect that. I am gonna give you guys a try. By the way how long have you been around and what are your certifications as a broker?

Good to hear Goods!

TDFX was founded in Switzerland in 2006, and now also has offices in Cyprus and Hungary. We are licensed by CySEC (reg. no. 103/09), and are registered with a wide range of regulators throughout the European zone, including FSA (reg. no. 51667) and BAFIN (reg. no. 123252). TDFX also complies with MiFID, a European Union law that regulates investment firms in the European Economic Area. You can see more details on our website here http://www.tadawulfx.com/public/about-tdfx/regulations.html.

Don’t hesitate to contact me for more info.

Kind Regards,
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