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Tadawul FX (TDFX) Discussion

  • #161
  • Oct 6, 2010 12:42pm Oct 6, 2010 12:42pm
How many of you guys have researched brokers for months on end?
Alpari, FXCM and the rest. Even the best and trusted ones have bad reviews from traders that have lost money.
I am now done with my research and TDFX is my choice.
When it comes to MY money, I do thorough research. Believe you me.
TDFX has the highest rating in most reputable FX forums. Check FPA.
  • #162
  • Oct 6, 2010 2:09pm Oct 6, 2010 2:09pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting unknown2u
I do find it interesting that that poster has 1 post.
I have some seen posts that don't seem to be too pro TDFX.
Is there anyone here who has first hand experience with them?

I did trade live with them and no, I didn't lose money. I left after some weeks with 25% profit....
One of the reasons why I left, they collaborate with IB which cheated on me and they refused to to help me in this case. This told me everything about how trustworthy this broker is...
Another reason to leave was the fact they are an old fashioned 4 digit broker. This isn't a good environment for modern fractal scalper EAs.

-------------------------------------------------------

http://www.myfxbook.com/members/pc8multifx/fxc/54331
  • #163
  • Oct 6, 2010 3:22pm Oct 6, 2010 3:22pm
Quoting onu
I did trade live with them and no, I didn't lose money. I left after some weeks with 25% profit....
One of the reasons why I left, they collaborate with IB which cheated on me and they refused to to help me in this case. This told me everything about how trustworthy this broker is...
Another reason to leave was the fact they are an old fashioned 4 digit broker. This isn't a good environment for modern fractal scalper EAs.

-------------------------------------------------------

http://www.myfxbook.com/members/pc8multifx/fxc/54331...
So because an IB "technically agent or employee" has cheated on you the whole company is crap? Is that right, and then the parent company "Tadawulfx" did not help you out in resolving the issue and on top you made a 25% profit, just love it those online threads.
Yes you are so right with the 5, 6 or apparently even 7digit variable spread criminals you can be sure that for some strange reason you just mist out on your profit target or got stopped out by a piplet (last digit), oh shhhhhhh otherwise Tadawulfx is gonna change to 5 digit variable.
  • #164
  • Oct 6, 2010 5:36pm Oct 6, 2010 5:36pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting Pipstrumpf
So because an IB "technically agent or employee" has cheated on you the whole company is crap? Is that right, and then the parent company "Tadawulfx" did not help you out in resolving the issue and on top you made a 25% profit, just love it those online threads.
Yes you are so right with the 5, 6 or apparently even 7digit variable spread criminals you can be sure that for some strange reason you just mist out on your profit target or got stopped out by a piplet (last digit), oh shhhhhhh otherwise Tadawulfx is gonna change to 5 digit variable....

Hi tada pay roll- clown, come back when u grown up....(Einstein was right..)
  • #165
  • Oct 6, 2010 6:49pm Oct 6, 2010 6:49pm
Quoting onu
Hi tada pay roll- clown, come back when u grown up....(Einstein was right..)
With your immature statement I feel privileged to be a clown and that is just for you. I do not get one cent out of Tadawulfx except my trading profits so stick that were it fits.
  • #166
  • Oct 7, 2010 12:42pm Oct 7, 2010 12:42pm
Oh No, your pic even suggests that you lost big time. Look at you. The pic and your remarks are all negative. You will attract negativity to your trades as well.
Looks like you are saying " Oh No, there goes my money" in your pic.
Cheer up and put a smiling face there. You WILL see a diffs.
What you sow, you will reap.
  • #167
  • Oct 7, 2010 1:12pm Oct 7, 2010 1:12pm
Quoting unknown2u
I do find it interesting that that poster has 1 post.
I have some seen posts that don't seem to be too pro TDFX.
Is there anyone here who has first hand experience with them?
Yes, I have 1 post as I have been researching brokers for 3 months and have now come to a conclusion. Hence my first post. This is not the only site I have been researching. I have done them all.
And yes, you will see posts on ALL brokers that are not favorable.
Re quotes are the main issue on all forums. Then they blame the broker??? and discredit them.
Grow up man. If the price is very volatile, how can a price be fixed?
  • #168
  • Oct 7, 2010 8:54pm Oct 7, 2010 8:54pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting Ukkram
Oh No, your pic even suggests that you lost big time. Look at you. The pic and your remarks are all negative. You will attract negativity to your trades as well.
Looks like you are saying " Oh No, there goes my money" in your pic.
Cheer up and put a smiling face there. You WILL see a diffs.
What you sow, you will reap.

ohh thank u for the esoteric BS advice Truth is I don't need it. Take a look at my myfxbook states and maybe u gonna understand why...
U don't be successful in trading by putting a smiley face elsewhere.. ohh man, u have still a very, very long way to go.. good luck on this journey!

---------------------------------------------
http://www.myfxbook.com/members/pc8multifx
  • #169
  • Oct 8, 2010 12:44pm Oct 8, 2010 12:44pm
Quoting duxis
no problem
FLY ON THE WALL, 6240 users, the worst broker in term of slippage...drum roll...
1
2.TDFX
http://www.zulutrade.com/TradeHistor...6#tabs-graph-6

"Pro-B5", 3280 users, the worst :
1
2
3
4. TDFX
http://www.zulutrade.com/TradeHistor...3#tabs-graph-6

"MayfairSwing", 2740 users, the worst :
1
2. TDFX
http://www.zulutrade.com/TradeHistor...1#tabs-graph-6

"GBP FUND", 2610 users, the worst :
1
2
3
4. TDFX
http://www.zulutrade.com/TradeHistor...3#tabs-graph-6

"Grey...
Wow! That's horrible. Thanks Duxis. I was thinking of opening an account here.

Tadawul: I would certainly consider your brokerage in the future if you can get a grip on your slippage, but that much slippage and requotes on top of that is simply unacceptable.
  • #170
  • Oct 8, 2010 2:42pm Oct 8, 2010 2:42pm
I guess Kate never got back to us on the slippage issue
  • #171
  • Oct 9, 2010 1:47am Oct 9, 2010 1:47am
kate
It looks like it will cost me a lot of $$$$$ to withdraw my money with you.
I am with IBFX and it is free to withdraw and deposit.
and what about all the slippage
  • #172
  • Oct 10, 2010 8:53am Oct 10, 2010 8:53am
kate

I noticed the .05 lot minimum I didn't realize it was .05 then .1 then .15 then .20
Not .05 .06 .07 .08
This is really messing with some ea's I run
Do you have a way for the lots to go sequential .05 .06 .07
I can handle the .05 min but not the .05 .1 .15
  • #173
  • Oct 12, 2010 3:12am Oct 12, 2010 3:12am
Quoting unknown2u
I guess Kate never got back to us on the slippage issue

Please note that we are still looking into it with Zulutrade and are waiting for them to get back to us.

Many thanks in advance for your patience!
  • #174
  • Oct 12, 2010 3:21am Oct 12, 2010 3:21am
Quoting kauaibobby
kate
It looks like it will cost me a lot of $$$$$ to withdraw my money with you.
I am with IBFX and it is free to withdraw and deposit.
and what about all the slippage

Hi Kauaibobby,

All deposits with Tadawul FX are currently free of charge.

I am not sure of the exact fees you are referring to but Tadawul FX withdrawal fees are relatively low and more or less in line with those of other forex companies. Below I have outlined the fees for your reference.

1) PayPal – 1.9% (plus 20 cents) per transaction charged by PayPal. So for example if you are withdrawing USD1000, you would get charged $19.20.

2) Bank Wire transfer – 4.80 EUR + 0.06% of the balance (minimum being 5.00 EUR) for amounts of 2,000 EUR and less. So for example when withdrawing 1000 EUR, you would get charged less than 10 EUR. There might also be additional charges if the wire transfer goes through an intermediary bank (ranging between 10-30 EUR depending on the amount and where the funds are being sent).

Please don’t hesitate to contact me if you need further clarification.

Best Regards
  • #175
  • Oct 12, 2010 9:38am Oct 12, 2010 9:38am
Quoting dryclean
kate

I noticed the .05 lot minimum I didn't realize it was .05 then .1 then .15 then .20
Not .05 .06 .07 .08
This is really messing with some ea's I run
Do you have a way for the lots to go sequential .05 .06 .07
I can handle the .05 min but not the .05 .1 .15

Hi Dryclean,

Sorry to hear that. With Tadawul FX the smallest lot size you can trade is 0.05 lots, and the increment is 0.05 lots. In other words, as you mentioned the sequence of lots is 0.05, 0.1, 0.15, 0.2, etc. Perhaps you can try changing the settings of your EA’s to accept larger orders? To manage your risk appropriately, you would also need to decrease your leverage.

Kind Regards,
  • #176
  • Oct 12, 2010 10:14am Oct 12, 2010 10:14am
Quoting compujock
Wow! That's horrible. Thanks Duxis. I was thinking of opening an account here.

Tadawul: I would certainly consider your brokerage in the future if you can get a grip on your slippage, but that much slippage and requotes on top of that is simply unacceptable.


Hi All,

Please see below an email from Zulutrade about SLIPPAGE and how this relates to Tadawul FX.

As you will notice, the definition of slippage according to Zulutrade is not the same definition as we all know it to be in the forex market and they are in the process of renaming the feature.


Zulutrade writes:

“What slippage really represents is the difference between the signal provider’s closing rate and the rate that the client gets.

We also have a lot of complaints from clients that are not getting the same prices as signal providers thus not the same results so we decided to monitor the differences and show the clients which broker gives the same prices as signal providers.

The slippage term doesn’t really represents that and we are in the process of re-naming the feature.”


Zulutrade also explains this on their website. Please click on “Provider Slippage” underneath the graph http://zulutrade.com/TradeHistoryInd...aspx?pid=11487. For example, this particular signal provider trades with FXDD and the “slippage” graph represents the different between the prices of FXDD and Tadawul FX.

A true definition of slippage (in brief as it is known in the forex market) is the difference between the expected price of a trade, and the price the trade is actually executed at. For example, you closed a EUR/USD order at 1.4000, but the order was actually executed/filled at 1.4030. In this example you got slippage of 30 pips (in your favor). Slippage is a natural phenomenon in the forex and stock markets and tends to occur during highly volatile market conditions. Tadawul FX rarely has slippage, but it can occur from time to time as it does with all market participants including banks, hedge funds and other forex companies.

I hope this was helpful.

Kind Regards,
  • #177
  • Oct 13, 2010 9:41pm Oct 13, 2010 9:41pm
I have had live act for a while at Tadawul with no issues. Made a decent profit over the summer with a asian scalper on EurGBP . The 3 pip fixed spread worked fine, never a slip in 4 months. Not sure whats up with all the Zulu problems other than Zulu is a joke for the most part. I took 2 withdrawls, pay pal in and out and the withdrawls took about a hour. Never seen that before with any broker. I just got my IB status with Tada and live and demo links are below if you want to try them. NO CHANGES FOR US CUSTOMERS! I've had live acts at many brokers and Tadawul has been fine to me so far. Thanks

( Any kickback proceeds from the IB go to my little daughters medical bills not covered by insurance.)


Live Account :
https://www.tadawulfx.com/v2/registe....php/ib/801115

Demo Account https://www.tadawulfx.com/private/in...demo/ib/801115
  • #178
  • Oct 16, 2010 10:27am Oct 16, 2010 10:27am
Hello Kate,

I am former IBFX'er as well due to the CFTC handcuffs. I wonder if TDFX could offer nano lots? [ penny a pip lot size]

When IBFX did this years ago it gave us an avenue to test systems without too much risk and also on the flip side of this the compounding is phenominal.

My understanding is that you offer 1/2 mini lots or 50 cent per pip. That is not a true micro but fractional mini. If not for the nano lot then at least a true micro @ 10 cent per pip... please with extra strawberries?

I think it will help TDFX grow alot, because then people can test without putting much $ on the line. It pays you nothing to have a million demos running that do nothing for the bottom line.

It's a win~win if you ask me.... once word gets out you would have a flood of former IBFX'ers come your way.
  • #179
  • Oct 17, 2010 12:23pm Oct 17, 2010 12:23pm
The first few weeks I saw this thread's name, I had never seen the full name of TDFX. So I thought that someone was calling it "Tad-AWFUL FX." Now I see it's Tadawul. Such a weird name.
  • #180
  • Oct 17, 2010 12:37pm Oct 17, 2010 12:37pm
Quoting sonicpunk32
So I thought that someone was calling it "Tad-AWFUL FX." Now I see it's Tadawul.
This is what I thought, too. Now that I've seen their price/data feed, I see where the name came from.
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