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Tadawul FX (TDFX) Discussion

  • #61
  • Jun 25, 2010 10:29am Jun 25, 2010 10:29am
Hello,

i would like to ask if it is correct that a demo account does not include all the tradingpairs like nzd for example ?

the minimum lotsize is currently 0.05 ?..........does your platform offer also 0.01 perhaps ?

regards,

muppet
  • #62
  • Jun 26, 2010 1:07pm Jun 26, 2010 1:07pm
Hi Kate,

First sorry for my english, i have been with tadawul about 1 year so far they gave me the best service.

Once i have trouble withdrawal my fund because of my single name, but Mr. Thomas help me until i have my fund..great support.

I got daily report from tadawul everyday if i have transaction.

i sometime get requote, but it's normal on news time.
and they continue to improve service to customer...

I hope tadawul will get close to asia client
Because my experience, i think to become IB for tadawul ....it is much easier as IB if we told the truth and not just marketing talk.

I hope in the future i can view and change my contact information using web site like thinkorswim (securely of course like in paypal website).

Keep a good work, fast service and support and also keep up the motto "Honesty Clarity Integrity" and do forget also "Consistency Security"


Kind Regards,
  • #63
  • Jun 26, 2010 1:18pm Jun 26, 2010 1:18pm
Hi Muppet,

To see pair NZD, you need to is by right click on Market watch and select show all on context menu.

Yap, the minimum lot is 0.05 on tadawul..i think it's not safe on mini account trading account.

I hope also someday tadawul provide us with 0.01 lot, for the power of compounding



Kind Regards,
  • #64
  • Jun 27, 2010 12:33pm Jun 27, 2010 12:33pm
Quoting legolass
Hi Muppet,

To see pair NZD, you need to is by right click on Market watch and select show all on context menu.

Yap, the minimum lot is 0.05 on tadawul..i think it's not safe on mini account trading account.

I hope also someday tadawul provide us with 0.01 lot, for the power of compounding



Kind Regards,

Hello Legolass,

thank you for the reply. i hope that tadawulf will offer trading 0.01 lot on miniaccount. have the nzd now insight in marketwatch

regards,

muppet
  • #65
  • Jun 28, 2010 11:59am Jun 28, 2010 11:59am
And there are any unfavourable commentses about this company?
  • #66
  • Jun 28, 2010 2:53pm Jun 28, 2010 2:53pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting Kleopatra
And there are any unfavourable commentses about this company?
Ofcourse... plz feel free to read my posts regards the old fashioned 4 digits platform and the unknown liquidity provider(s)

---------------------------------------------
http://www.myfxbook.com/members/pc8multifx
  • #67
  • Jul 1, 2010 12:51am Jul 1, 2010 12:51am
Quoting TDFX
We're working on other Payment Solution so stay tuned.
Thanks for all information regarding your company and will look for a good payment system I am looking for long time with a good reputed company. Tired using e-payment methods & bank wires with 2ndary/tertiary 3rd parties involved sucking our money & troublesome at the same time always .

If personal instant payments systems like western union & moneygram there without loosing any money to other 3rd parties or excuses of delays etc I will look to your company for an account & stay hold.

Thanks , fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #68
  • Jul 2, 2010 8:15am Jul 2, 2010 8:15am
Hi friends

How r all of u? I hope u have nice pips this week.

I was wondering if we can soon trade the CNY................. It's the up coming currency specially after leaving their price to go freely....

So, please check it, and of course with small spreads...

Best Regards
  • #69
  • Edited 4:03pm Jul 4, 2010 3:18pm | Edited 4:03pm
Hi Kate,

I hope you can answer my question, tadawul fx is EEA Authorised by FSA so it is true that tadawul get Financial Services Compensation Scheme (FSCS).

It will be great if it's true, i do some research on FSA web site that for investment firm outside UK must do top up to get FSCS.
below is info i get from FSA website:

Firms not based in the UK

By law, most financial services firms must be regulated by us to do business that we regulate in the UK. Our Register has information on all regulated firms currently doing business in the UK. The Register includes firms that are UK authorised as well as those authorised in another European Economic Area (EEA) state that also conduct business in the UK.
If you are considering or currently doing business with a firm authorised in another EEA state you should ask for further information from the firm or its UK branch about its compensation arrangements. This is because the compensation arrangements for these firms may differ to those for a UK authorised firm.
Where another EEA state’s scheme has a lower level of protection than the FSCS, an EEA firm operating in the UK can choose to 'top up' into the FSCS. For further information on this and to find out if your firm has 'topped up', please see the FSCS website.
The top-up arrangements can be withdrawn if the level of protection in another EEA scheme becomes greater than FSCS protection. If so, the firm will tell you about the change.

http://www.fsa.gov.uk/Pages/consumer...on/index.shtml


And other thing, for tadawul fx motto "Honesty" can you publish audited balance sheet on the web site like FXCM.


My feedback is for improving tadawul service.....


Kind Regards,
  • #70
  • Jul 5, 2010 10:13pm Jul 5, 2010 10:13pm
No Response? where are you, Kate?

Can you answer may question?



Kind Regards,
  • #71
  • Jul 5, 2010 11:14pm Jul 5, 2010 11:14pm
I would consider TDFX but last I checked we could only fill out an application online, and because of Identity theft of ss# and date of birth etc., I will not do this. I would sign up if all this can be mailed to TDFX. Also they had a 10k minimum deposit and min 0.10 lots. So because of these things, I went with another broker for now. I am still considering TDFX for a later date as long as funding is easy. IMO


ut2
  • #72
  • Jul 6, 2010 1:40am Jul 6, 2010 1:40am
Hi ut2,

I think you should not be afraid applying using online as long they are using ssl (VeriSign, Inc.).

Tadawul min deposit is $500 and min lot is 0.05, my recommendation to tadawul is they allow incremental 0.01 lot.

With deposit $500 is not safe trading 0.05 lot, my recommendation min is $2500 for trading 0.05 lot.

it is hard to find ideal broker, so far tadawul service is good but i always watching tadawul performance closely and i also subscribe email notification from Cysec to get notify of any fine or warning from cysec.

For now tadawul regulated by Cysec with Investor Compensate is EUR 20000 for retail, but for FSA Regulated the Investor Compensate is bigger 50000 Pound.

Not all big broker are a good broker.

Tadawul can get FSCS from FSA if they completed it's requirement.

The safe of our investment is the most important.



Kind Regards,
  • #73
  • Jul 7, 2010 9:18am Jul 7, 2010 9:18am
I like it all except for the lack of pairs that it offers. If they can get to the pairs that TOS offers, this would be a nice deal

I might opt with Dukascopy, it is a great broker, if TDFX could offer these pairs they would win over my business.
Know when to hold em, Know when to fold em!
  • #74
  • Jul 8, 2010 9:16am Jul 8, 2010 9:16am
Quoting fontu
Thanks for all information regarding your company and will look for a good payment system I am looking for long time with a good reputed company. Tired using e-payment methods & bank wires with 2ndary/tertiary 3rd parties involved sucking our money & troublesome at the same time always .

If personal instant payments systems like western union & moneygram there without loosing any money to other 3rd parties or excuses of delays etc I will look to your company for an account & stay hold.

Thanks , fontu

Hi Fontu,

TDFX currently offers credit card, PayPal and bank wire methods of depositing and withdrawing from your account. Western Union and MoneyGram are generally considered to be less safe and secure and as far as I know are not used by any regulated and reputable companies.

TADAWUL FX is working on additional payment solutions so I should have some good news for you very soon!

Kind Regards,
  • #75
  • Jul 8, 2010 9:35am Jul 8, 2010 9:35am
Quoting legolass
Hi Kate,

I hope you can answer my question, tadawul fx is EEA Authorised by FSA so it is true that tadawul get Financial Services Compensation Scheme (FSCS).

It will be great if it's true, i do some research on FSA web site that for investment firm outside UK must do top up to get FSCS.
below is info i get from FSA website:

Firms not based in the UK

[i]By law, most financial services firms must be regulated by us to do business that we regulate in the UK. Our Register has information on all regulated...

Hi Legolass,

My apologies for a small delay in response

Please note that TDFX is registered with FSA and is allowed to carry out business in the UK in accordance with UK financial regulations. As we are licensed by CySEC, we offer all of our retail clients additional protection of funds through an Investor Compensation Fund, which set up by the Central Bank of Cyprus and the Cyprus Securities and Exchange Commission. You can read more here: http://www.tadawulfx.com/public/about-tdfx/investor-compensation-fund.html

In regards to publishing the balance sheet I will have to get back to you on that. Could you provide me with the link you are referring to so I can have a look and see what we can do from our side? As far as I know, as this company is regulated in the US they must publish this information to be compliant with NFA regulations. Generally you will not find any company outside of US doing so.

Lastly, thank you for informing ut2DaMax of the correct information about Tadawul FX, it is much appreciated! I am glad all is going well for you. I will keep you updated on all the progress and new developments.

Warm Regards!
  • #76
  • Jul 8, 2010 9:44am Jul 8, 2010 9:44am
Quoting goods
I like it all except for the lack of pairs that it offers. If they can get to the pairs that TOS offers, this would be a nice deal

I might opt with Dukascopy, it is a great broker, if TDFX could offer these pairs they would win over my business.

Hi Goods!

Which pairs would you like to trade?

Make sure you are viewing all the instruments we are offerring. To do so log into MT4 account, right click on the MARKET WATCH, and select SHOW ALL.

Kind Regards,
  • #77
  • Jul 8, 2010 10:41am Jul 8, 2010 10:41am
Quoting TDFX
Hi Goods!

Which pairs would you like to trade?

Make sure you are viewing all the instruments we are offerring. To do so log into MT4 account, right click on the MARKET WATCH, and select SHOW ALL.

Kind Regards,

Kate this is what I am looking for.

https://www.thinkorswim.com/tos/disp...ayFormat=hide#


AUD/CAD
AUD/CHF
AUD/CZK
AUD/DKK
AUD/JPY
AUD/NOK
AUD/NZD
AUD/PLN
AUD/SEK
AUD/SGD
AUD/THB
AUD/USD
AUD/ZAR
CAD/CHF
CAD/DKK
CAD/JPY
CAD/NOK
CAD/PLN
CAD/SEK
CAD/SGD
CHF/CZK

CHF/DKK
CHF/HUF
CHF/JPY
CHF/NOK
CHF/PLN
CHF/SEK
CHF/SGD
CHF/TRY
CHF/ZAR
CZK/HUF
CZK/JPY
DKK/CZK
DKK/HUF
DKK/JPY
DKK/PLN
DKK/SEK
DKK/SGD
DKK/THB
DKK/ZAR
EUR/AUD
EUR/CAD

EUR/CHF
EUR/CZK
EUR/DKK
EUR/GBP
EUR/HUF
EUR/JPY
EUR/MXN
EUR/NOK
EUR/NZD
EUR/PLN
EUR/SEK
EUR/SGD
EUR/THB
EUR/TRY
EUR/USD
EUR/ZAR
GBP/AUD
GBP/CAD
GBP/CHF
GBP/CZK
GBP/DKK

GBP/HUF
GBP/JPY
GBP/NOK
GBP/NZD
GBP/PLN
GBP/SEK
GBP/SGD
GBP/THB
GBP/TRY
GBP/USD
GBP/ZAR
MXN/JPY
NOK/DKK
NOK/JPY
NOK/SEK
NZD/CAD
NZD/CHF
NZD/CZK
NZD/DKK
NZD/HUF
NZD/JPY

NZD/PLN
NZD/SEK
NZD/SGD
NZD/THB
NZD/USD
NZD/ZAR
PLN/CZK
PLN/HUF
PLN/JPY
SEK/JPY
SEK/PLN
SGD/JPY
THB/JPY
TRY/JPY
USD/AED
USD/CAD
USD/CHF
USD/CZK
USD/DKK
USD/HUF
USD/ILS

USD/JPY
USD/KWD
USD/MXN
USD/NOK
USD/PLN
USD/SAR
USD/SEK
USD/SGD
USD/THB
USD/TRY
USD/ZAR
ZAR/JPY

KEY

AED
United Arab Emirates Dollar
AUD
Australian Dollar
CAD
Canadian Dollar
CHF
Swiss Franc
CZK
Czech Koruna
DKK
Danish Krone
EUR
Euro
GBP
Pound Sterling
HKD
Hong Kong dollar
HUF
Hungarian Forint
ILS
New Israeli Shekel
JPY
Japanese Yen
KRW
Korean Won
KWD
Kuwaiti Dinar
MXN
Mexican New Peso
MYR
Malaysian Ringgit
NLG
Netherlands Guilder
NOK
Norwegian Kroner
NZD
New Zealand Dollar
PLN
Polish Zloty
SAR
Saudi Arabian Real
SEK
Swedish Krona
THB
Thai Baht
TRY
Turkish Lira
USD
US Dollar
ZAR
South African Rand

You get these pairs and you will surpass competition. Right now I will probably go with TOS because of the pais they offer.
Know when to hold em, Know when to fold em!
  • #78
  • Jul 8, 2010 11:39am Jul 8, 2010 11:39am
Hi Kate,

It's okay, thank you for your response, i know that tadawul fx regulated by cysec with investor compensate fund (eur 20000) and also FSA registered.
It's just my suggestion that tadawul fx can get additional cover from fsa with some requirement.
as quotes below:

Where another EEA state’s scheme has a lower level of protection than the FSCS, an EEA firm operating in the UK can choose to 'top up' into the FSCS. For further information on this and to find out if your firm has 'topped up', please see the FSCS website.

It will be great if tadawul fx can get it. Investor compensate fund will up to 50000 pound (twice than current investor compensate fund)

I see it in FXCM UK website, they publish their balance sheet..here is the link:
http://www.fxcm.co.uk/fxcm-balance-sheet.jsp

I think this is summary balance sheet (unaudited).


Kind Regards,
legolass
  • #79
  • Jul 8, 2010 12:03pm Jul 8, 2010 12:03pm
Hi Goods,

Wow that many, i only trade some pair with small spread and high daily range...i trade 1 or 2 pair to make me focus.

Exotic pair is very danger and have very big spread.

I think TOS (forex) is market maker, right?


Kind Regards,
  • #80
  • Jul 8, 2010 8:01pm Jul 8, 2010 8:01pm
Quoting extradeath
Hi friends

How r all of u? I hope u have nice pips this week.

I was wondering if we can soon trade the CNY................. It's the up coming currency specially after leaving their price to go freely....

So, please check it, and of course with small spreads...

Best Regards
Hi kate

Nice work!!!! You made offensive people to be defensive. woooow

BUT u didn't reply to my inquiry.... is this because I'm always defensive loool

Can we trade the CNY or no?????

best Regards
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