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Tadawul FX (TDFX) Discussion

  • #381
  • Dec 7, 2011 10:00am Dec 7, 2011 10:00am
Quoting misamisa
First, I want to apologize if my following question has been asked before.

I am a news trader. TDFX claims that they use fix spread at all times, and they do not restrict news trading strategy. Of course I was very happy because this trading condition supported my trading style very well.

But....

I was disappointed when I finally heard this further trading condition: pending order could be widen 15-30pip up to 5 minutes before news and will be normal 5 minutes after news.

So, all I want to ask is, is this what TDFX claiming...
Hi Misamisa,

Thanks for your question.

As you might already know, most forex brokers do not allow news trading at all – no trading before the news, during the news, or after the news. There are a few brokers that allow news trading, and don’t widen pending orders, but even these brokers widen the spread during news releases, sometimes to 100+ pips.

Unlike most brokers in the world, Tadawul FX not only allows news trading, but it also keeps the spreads fixed. In other words, where as other brokers can widen the spread from 2 pips to 50 during the news, we keep it at 2 pips at all times. The only restriction that Tadawul FX has is widening pending orders on some occasions, for example during the NFP or other crucial releases that tend to move the markets significantly.

As a news trader it is important to understand that in fast moving and volatile markets (that can be the result of news releases), liquidity can be thin, making it difficult to fulfil orders. This is the reason why all brokers have some sort of restrictions or disallow trading completely.

I would recommend that you set your pending orders 5+ minutes prior to the news release when Trading with Tadawul FX, to avoid any possible restrictions.

Let me know if I can help further.

Best Regards,
  • #382
  • Dec 7, 2011 11:58am Dec 7, 2011 11:58am
Kate, I have no experience with TDFX but I must say the way you handle potential and existing customers via social media is far above average and I'm sure it's already paying of for both you and the company. Well done! Many brokers have something to learn from you.

André
Measure twice, cut once
  • #383
  • Dec 8, 2011 2:37am Dec 8, 2011 2:37am
Quoting aediaz1
Kate, I have no experience with TDFX but I must say the way you handle potential and existing customers via social media is far above average and I'm sure it's already paying of for both you and the company. Well done! Many brokers have something to learn from you.

André

Hi André,

Thank you for your kind words, they are very much appreciated!!

I try to extend the high quality of TDFX service where possible.

Our aim at Tadawul FX is to offer the best Customer Service in the industry and its great to hear this sort of feedback.

Thanks again and all the best!
  • #384
  • Dec 8, 2011 2:58am Dec 8, 2011 2:58am
Hi Kate

Are TD planning on offering 0.01 lot size please? This has been asked before but I can't see an answer.

Thank you.
  • #385
  • Dec 8, 2011 3:44am Dec 8, 2011 3:44am
Quoting courtneywild
Hi Kate

Are TD planning on offering 0.01 lot size please? This has been asked before but I can't see an answer.

Thank you.

Hi Courtneywild,

At the moment we are not planning to offer 0.01 lots sizes I'm afraid. What leverage do you trade with?

Thanks,
  • #386
  • Dec 8, 2011 6:28am Dec 8, 2011 6:28am
Quoting TDFX
Hi Courtneywild,

At the moment we are not planning to offer 0.01 lots sizes I'm afraid. What leverage do you trade with?

Thanks,
Hi Kate

I set up a basket of currency trades for singnals and the lowest lot size is best, hence 0.01 is super good.
  • #387
  • Dec 8, 2011 6:58am Dec 8, 2011 6:58am
Quoting courtneywild
Hi Kate

I set up a basket of currency trades for singnals and the lowest lot size is best, hence 0.01 is super good.

I see. I asked our team again today, and there are no plans to start offering 0.01 anytime soon, Im afraid. Good luck with your trades!
  • #388
  • Jan 16, 2012 9:44am Jan 16, 2012 9:44am
Hi All,

Just thought I'd share with you that the year 2011 has been a record year for Tadawul FX! We'd like to say a big THANK YOU to all our clients and partners! Lets make 2012 even better.

Official Press Release: http://www.prweb.com/releases/2012-t...web9106935.htm

Best Regards,
  • #389
  • Jan 18, 2012 5:23pm Jan 18, 2012 5:23pm
Yeah all was great with Tada until you axed US customers
  • #390
  • Jan 19, 2012 7:01pm Jan 19, 2012 7:01pm
Quoting todder
Yeah all was great with Tada until you axed US customers
Yep. Note to myself, stop following this thred.
  • #391
  • Jan 19, 2012 10:36pm Jan 19, 2012 10:36pm
Quoting todder
Yeah all was great with Tada until you axed US customers
My sentiments exactly.
  • #392
  • Jan 23, 2012 4:00pm Jan 23, 2012 4:00pm
Quoting TDFX
Hi All,

Just thought I'd share with you that the year 2011 has been a record year for Tadawul FX! We'd like to say a big THANK YOU to all our clients and partners! Lets make 2012 even better.

Official Press Release: http://www.prweb.com/releases/2012-t...web9106935.htm

Best Regards,
Are you doing 5 digit quoting for eurusd now?
  • #393
  • Jan 24, 2012 2:12am Jan 24, 2012 2:12am
Quoting rooicol
Are you doing 5 digit quoting for eurusd now?
Hi Rooicol,

All our pricing (with a few exceptions) is still 4 digits as we offer fixed spreads 24 hours a day, in all market conditions. To have 5 digit quating a company must generally offer floating spreads.

Have a good day!
  • #394
  • Mar 5, 2012 2:41am Mar 5, 2012 2:41am
Hi everyone,

Curious to know if anyone is using our new tool "Autochartist" to help you decide when or what to trade?

If you don’t know much about this tool... in brief, Autochartist is a tool that scans the market for you 24 hours a day to highlight trading opportunities on 100+ instruments. It identifies Fibonacci and Chart patterns as they form and alerts you so you can enter or exit the trade quickly. It boast 70% accuracy rate of forecast of price breakout and also has a “PowerStats” feature to help you set S/L and T/P levels and figure out risk levels.

If you’re using the tool or would like to use it, I’d love to hear your feedback.

Thanks guys!

Regards,
  • #395
  • Mar 9, 2012 1:42pm Mar 9, 2012 1:42pm
Dear Kate,

Is your demo unlimited or only for x days?

Regards
  • #396
  • Edited 2:56am Mar 12, 2012 2:18am | Edited 2:56am
Quoting Scientist
Dear Kate,

Is your demo unlimited or only for x days?

Regards


Dear Scientist,

Our demo accounts do not expire, so you can practice trading for as long as you like. The only requirement is that you login at least once every 30 days to trade.

The demo account also has the same exact features as the live account (you can choose your leverage, deposit amount and base currency) and you get to practice with real-time prices.

Best Regards,
  • #397
  • Mar 14, 2012 8:36am Mar 14, 2012 8:36am
Dont trade at tadawulfx. They are market makers and they trade against You You can not win aggainst them.
  • #398
  • Mar 14, 2012 9:53am Mar 14, 2012 9:53am
Quoting Tommy Proun
Dont trade at tadawulfx. They are market makers and they trade against You You can not win aggainst them.
Hi Tommy,

Tadawul FX follows an STP model of execution, in other words all orders go as “straight through processing.” Many of our traders can confirm that making and withdrawing profits is never a problem at Tadawul FX, and it is down to experience of the trader, trading strategies and market conditions. If Tadawul FX was trading ‘against client,’ the company would have many unhappy traders, have a bad reputation and possibly be faced with fines or legal issues. It’s clear that this is not the case!

If you have traded with Tadawul FX, please provide me with your account details and the exact description of what occurred. I would be very happy to investigate any issues that you faced and help you resolve them.

Thanks!
  • #399
  • Mar 29, 2012 5:48am Mar 29, 2012 5:48am
Dear All,

I have been using tada for more than 1 year and I must say that I am highly satisfied with it! It is a good company who tries to give the best to their clients. All of my trader friends also use tada and all of them are satisfied with them!

rgds
  • #400
  • Apr 19, 2012 11:16am Apr 19, 2012 11:16am
Dear Kate,

I have requested a bank withdrawal for 3 days now and got no replay, or any confirmation. The money is still on my account though.

It scares me because in the past all my withdrawals were processed the same day... i know you had a banking holiday on monday but it is thursday now

can you please check this out for me? tdfx account: 10025576

Regards!
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