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Tadawul FX (TDFX) Discussion

  • #301
  • May 21, 2011 3:48am May 21, 2011 3:48am
how much fee do they deduct if I deposit via Moneybookers without Visa card? From $ moneybookers to $ tadawul account.

What is your experience? Please dont link their homepage, I have read it.
  • #302
  • May 23, 2011 2:43am May 23, 2011 2:43am
Quoting adatok
how much fee do they deduct if I deposit via Moneybookers without Visa card? From $ moneybookers to $ tadawul account.

What is your experience? Please dont link their homepage, I have read it.
My experience is very good with the... I have been trading for already for a while with them and so far have no complains.

Sorry, can't help you with your questions. But I don't think they will charge you to much for deposit. Many brokers don't charge you at all for deposit.
  • #303
  • May 23, 2011 6:36am May 23, 2011 6:36am
Quoting adatok
how much fee do they deduct if I deposit via Moneybookers without Visa card? From $ moneybookers to $ tadawul account.

What is your experience? Please dont link their homepage, I have read it.


Hi Adatok,

There are no charges on deposits. Tadawul FX takes on all the fees normally charged by Paypal, Moneybookers, or bank for receving funds.

You can read more info about making a deposit here: http://www.tadawulfx.com/public/serv...sit-funds.html

Kind Regards,
  • #304
  • May 26, 2011 6:39pm May 26, 2011 6:39pm
the crisis in greece ...
tadawul fx company use Eurobank which based in Greece right?is my deposit money safe there?
  • #305
  • May 30, 2011 10:15am May 30, 2011 10:15am
Quoting hafiz86
the crisis in greece ...
tadawul fx company use Eurobank which based in Greece right?is my deposit money safe there?

Hi hafiz86,

The Eurobank used by Tadawul FX is located in Cyprus, where it abides and conforms to Cypriot rules and regulations. The crisis in Greece does not affect banks in Cyprus as banks in Cyprus operate independently. Your deposit is absolutely safe, and please also note that your money is further ensured through Investment Compensation Fund (up to EUR20,000).

Best Regards,

  • #306
  • Jun 7, 2011 3:21am Jun 7, 2011 3:21am
Hi all,

We are very excited to announce that Tadawul FX has won 2 prestigious awards, Islamic Forex Broker –Excellence Awards and Forex Broker Middle East – Excellence Award, from IB Times.

Winning these 2 awards marks recognition of our achievement and presence in the Middle East, and has been possible due to tremendous growth and popularity of our Islamic Forex Accounts. Tadawul FX Islamic Accounts are known to have the most competitive conditions available in the market, helping clients to enjoy ethical trading with no swap costs.

Thanks to everyone who voted!

Kind Regards,

Kate
  • #307
  • Jun 7, 2011 4:04am Jun 7, 2011 4:04am
Quoting TDFX
Hi all,

We are very excited to announce that Tadawul FX has won 2 prestigious awards, Islamic Forex Broker –Excellence Awards and Forex Broker Middle East – Excellence Award, from IB Times.

Winning these 2 awards marks recognition of our achievement and presence in the Middle East, and has been possible due to tremendous growth and popularity of our Islamic Forex Accounts. Tadawul FX Islamic Accounts are known to have the most competitive conditions available in the market, helping clients to enjoy ethical trading with no swap...
This is great!!! My congratulations!
  • #308
  • Jun 9, 2011 7:34am Jun 9, 2011 7:34am
Thank you very much for adding USDNOK and USDSEK
  • #309
  • Jun 10, 2011 1:55am Jun 10, 2011 1:55am
Quoting spaizkadett
Thank you very much for adding USDNOK and USDSEK
You're very welcome!
  • #310
  • Jun 10, 2011 1:58am Jun 10, 2011 1:58am
Quoting josef
This is great!!! My congratulations!
Thank you Josef! Much appreciated.
  • #311
  • Jun 11, 2011 1:00pm Jun 11, 2011 1:00pm
Hi
I am trading with TDFX, have no issues with regards to the trading conditions. I beleive they are reliable and trustworthy.

However, I suggest TDFX to have MicroLot to 0.01 and LotStepSize to 0.01.
  • #312
  • Jun 13, 2011 10:47am Jun 13, 2011 10:47am
Hi Kate, your efforts in lowering the spreads and adding more trading instruments are very much appreciated, this is making TDFX more attractive, please keep up the good job.
  • #313
  • Jun 16, 2011 1:23am Jun 16, 2011 1:23am
Thanks Heliosdz!

Forexzak – Thanks for your comment. I have put your suggestion forward and will let you know if anything changes.
  • #314
  • Jun 16, 2011 4:19am Jun 16, 2011 4:19am
Dear all,

Please take a look at the picture and you will see that, my Sell Order with Stop Loss at 1.6415 (entered 11 minutes before news release) did not hit itself when news released and closed at 1.6443 instead !!! I don't know why !

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 155 KB


They told me that it was because I did not have enough money in my account so it stopped out and forced the order closed.

The point is that if I didn't have enough money why I still could enter more trades as you can see from that picture.

And why could not I use stop loss to prevent much more fund from leaving my account? Even if I don't have enough money, so I must use stop loss to prevent much more lossing ! What is the function of Stop Loss? What was it created for?
All that we are is the result of what we have thought.Buddha
  • #315
  • Jun 17, 2011 3:29am Jun 17, 2011 3:29am
Hello, what is the average ping to TDFX Server ?
  • #316
  • Edited 9:30am Jun 17, 2011 8:59am | Edited 9:30am
Quoting orion86
Dear all,

Please take a look at the picture and you will see that, my Sell Order with Stop Loss at 1.6415 (entered 11 minutes before news release) did not hit itself when news released and closed at 1.6443 instead !!! I don't know why !

Attachment

They told me that it was because I did not have enough money in my account so it stopped out and forced the order closed.

The point is that if I didn't have...


Dear Orion,

Thanks for your message.

There are 2 important factors to note here:

1) By looking at the charts, you can see that due to market volatility (opening of UK market/news release) the price you requested did not exist in the market. As a result, your Stop/Loss was not executed at the level you requested (GBPUSD 1.6415), but was executed at the next available market price (GBPUSD 1.6443). Generally speaking, and under normal trading conditions a Stop/Loss is honoured, however, if there is high market volatility and the price you request is not available in the market, the Stop/Loss cannot be honoured.

2) Please note that this particular position was also “stopped out” as you did not have enough margin to keep the position open. At Tadawul FX a “stop out” occurs when your “ Margin Level” has reached 100% or less. When the Margin Level reaches 100% or less, the position with the biggest loss gets automatically closed to free up the margin. To view “Margin Level,” please go to your MT4 platform and click on the “Trade” tab at the bottom of the platform. You will see “Margin Level” expressed in %. When “Margin Level” reaches 150%, the position with the highest loss turns red, which indicates that you must either close some positions to free up the margin, or deposit more money to increase your margin level. In your case, once the position got “Stopped Out,” some margin was freed up to allow you to open more positions. A “Stop Out” is created for your protection and to prevent you from going into debt with the company you trade.

I hope this helps, but if you have any more questions or would like an additional explanation, please let me know.

Kind Regards,
  • #317
  • Edited 9:30am Jun 17, 2011 9:05am | Edited 9:30am
Quoting josef
Hello, what is the average ping to TDFX Server ?

Hi Josef,

The ping speed depends on the location and country of the trader and the trader’s internet speed. For example:

From Cyprus the average is between 95 - 105 ms(milliseconds).
From Switzerland it is about 30ms,
From Germany it is about 25ms.
From USA-Seattle it is about 150ms
From Australia it is about 315ms

If you would like more accurate data for your specific location, please let me know.

Thanks.
  • #318
  • Edited 2:07am Jun 21, 2011 1:52am | Edited 2:07am
Quoting TDFX
[font=Calibri]

1) ...under normal trading conditions a Stop/Loss is honoured, however, if there is high market volatility and the price you request is not available in the market, the Stop/Loss cannot be honoured.

2) ...In your case, once the position got “Stopped Out,” some margin was freed up to allow you to open more positions.
Thank you very much Kate,

As for point 1), Stop loss could not be hit is acceptable for me. You meant that Stop Loss is useless at release time, right?

As for point 2), you can take a look at my account and see that include the fund I lost after the Sell Order and some fund left in the account, there was 30 USD and some in my account at that time in total. What I am wondering is why it didn't use that fund of 30 USD and some to maintain the Sell Order and closed it instead?

PS: Please note that the other 2 traded I have just entered after the Sell Order was forced to close.

Thank you for your help !

Waiting for your response !
All that we are is the result of what we have thought.Buddha
  • #319
  • Edited 9:50am Jun 21, 2011 9:11am | Edited 9:50am
Quoting orion86
Thank you very much Kate,

As for point 1), Stop loss could not be hit is acceptable for me. You meant that Stop Loss is useless at release time, right?

As for point 2), you can take a look at my account and see that include the fund I lost after the Sell Order and some fund left in the account, there was 30 USD and some in my account at that time in total. What I am wondering is why it didn't use that fund of 30 USD and some to maintain the Sell Order and closed it instead?

PS: Please note that the other 2 traded I have just entered after...



Hi Orion,

You have some very good questions.

Regarding your point #1 – We would always recommend to use a Stop/Loss, even during news releases. A stop/loss safeguards your trades, and generally will help to protect your trade if the market goes against you. For example, if you have a balance of USD 5,000 and the market goes against you due to extreme volatility, there is a chance you can get your balance wiped out. However, if you have a Stop/Loss in place, the Stop/Loss will activate at the price you set or at the next available price (depending on the level of volatility) and protect you from any potential losses as much as possible.

Regarding your point #2 – To better understand why you had USD30 left in your account (as opposed to zero balance) after your order got “Stopped Out,” it is important to understand what is a “Margin Requirement” and how to calculate it.

A margin requirement means that you must have an “X” amount of equity in your account to open and maintain a position. In your case, the margin that was required to maintain the GBPUSD position was USD32.80+ (100% margin level). As the market went against you, the equity dropped down to USD 31.00 (94.60% margin level) and as a result the position got stopped out. If you remember, in my last post I explained that when the “Margin Level” hits 100% or less, the position with the biggest loss will automatically be closed (or “Stopped Out”).

To calculate margin requirements needed to open a position, you can follow this formula:

Volume * Rate / Leverage = Margin Requirement

Also, remember that the leverage on your account directly affects the margin requirement for each position. So for example: A 1 lot trade on EURUSD for an account with 1:100 leverage would be calculated as follows:

100,000 * 1.4639/100 = $1463.90

I hope this has been of help, but if you have any more questions please let me know.

Best Regards
  • #320
  • Edited 4:50am Jun 23, 2011 4:36am | Edited 4:50am
Thank you very much Kate ! Now I much more understand about forex and Tadawul. Thank you for your patience to answer every my questions so far ! Best regards,
All that we are is the result of what we have thought.Buddha
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