TDFX - Conditions for Islamic Trading

I just saw the advertisment of TDFX on FF.

The following are the conditions for islamic trading as stated by them on their website.

http://www.tadawulfx.com/public/trad...onditions.html

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ISLAMIC TRADING CONDITIONS

It is generally accepted that foreign exchange trading is permissible under Islamic law. Tadawul FX offers Islamic Trading conditions that are specifically tailored to clients with Muslim beliefs and that abide by Sharia law.

Islamic trading accounts are given freely to Muslim clients through quick and simple online live account opening via our secure application form. Clients can choose one of the three types of trading accounts offered by TADAWUL FX: MINI, Standard or Premium and enjoy the same first-class trading conditions as non Muslim clients in full adherence with their religious beliefs. Traders can further optimize the account by selecting the leverage and volume of their preference.

Tadawul FX offers Islamic forex trading accounts that are SWAP free and clients do not get charged interest for holding overnight positions. TDFX does not charge clients any additional fees or commission, nor widens the spreads at any time as a means to compensate for offering interest free accounts. Instead Tadawul FX maintains that all clients trade under fair and ethical trading conditions.

The Islamic Accounts offered have been created to be compliant to Islamic religion, specifically Sharia Law. To make it easy to understand with a simple example, the Sharia Law that is taken into account for Islamic Accounts is to give or receive and not to expect anything in return. This is why TDFX provides Islamic Accounts with no additional charge, hidden cost and most importantly no interest fees (SWAP Free).

Read more on the Islamic forex trading accounts offered by Tadawul FX.
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No Rollovers rates or interest charges for overnight borrowing?

Is that really true? Does anyone trade with them?

Hi SVM,

Tadawul FX does indeed offer Swap Free or No Riba Islamic Accounts, just as described in your comment.

TDFX was one of the pioneers in Islamic Forex trading and to date offers the best conditions for Islamic forex trading.

What you see is what you get, no gimmicks.

has any body experienced with TDFX, how is their execution and reilability?
I am looking for some swap-free (interest free Muslim account) some reliable broker in money withdrawing and in keeping spread minimum possible and tight.
If I found some ECN that would be great.

Tad's price feed is SUPER-Filtered!!! If you are a long-term or swing trader you will like them otherwise dont even try it. (Its so filtered I'm surprised it doesnt appear as a straight line across the screen)

There is already a discussion about TadawulFX here:

http://www.forexfactory.com/showthread.php?t=237264

really liked this one. pioneers. lol. loooong way back in .... 2009(?).

cm'on guys(this apply to majority of brokers btw), be more reasonable.

Actually, 2006 to be precise .