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Tadawul FX Broker Review


robotfx2

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Re: Tadawulfx scam/cheating revealed with proof

 

i'm confuse...now can some one explaine to me....

 

Your current trade is a SELL, to buy it back at market price you have to pay the ASK price, which is the BID price (what you see on the chart) + spread. That's why your trade is still a loss when the current BID price is the same as your selling price.

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Re: Tadawulfx chart problem please Explaine why ???

 

robotfx2 - I would respectfully suggest you should know about the spread before trading you need to know the basics, Tadawulfx have always been very honest with me - please learn the facts before accusing them of being a scam !

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  • 2 weeks later...

Re: Tadawulfx chart problem please Explaine why ???

 

These 2 days my tadawulfx demo account is are unable to open any EAs order (I run the same EA with same setting in another broker's account), does anyone else having this problem?

Indo-Investasi Rocks
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  • 1 month later...

Re: Info on Tadawulfx

 

Hi there,

 

I heard Tadawul is an ok broker. Me too need some info on them such as minimum deposit, spread so on & so forth.

 

Cheers.

 

Slippage especially on GBPUSD, generally less performance than other brokers with identical trades, heavily filtered feed (very smooth), no requotes, refuse to send out (daily) statements which I find kind of strange, live server platform (not demo) reboots in the middle of Asia session so your platform may freeze

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Re: Tadawul FX

 

Hi,

 

I have been using Tadawul FX LIVE from February to May this year .

Mostly trading Fap Turbo EA on it. The first 2-3 weeks went on pretty fine,

performance very similar to demo account, made about 20 % profit in 2 weeks with 20 % risk setting on EURGBP and 10 % on EURCHF at that EA.

Then however they changed the spread to 5 pips on these pairs on live accounts during Asia Session

for about 2 weeks at some time in March, if I remember right. This was when things started to change dramatically,

performance wise of FAP TURBO: I had 2 SL hits on EURGBP during that time. (none on the demo account, which continued to run with 3 pips spread).

After those 2 weeks, they decreased the spread to 3 pips again, but the thrill was gone since then:

Fap turbo took by far less trades than before, and the trades it took had more losses than occuring on

other brokers such as Alpari: even though Alpari got higher spreads (5 pips) I got more trades and more proftitable trades

on my Alpari live account at the same times.

 

All in all, after about 3 months of live trading my initital 20 % profit had turned into 20 % losss, this is when I decided to pull the plug. After I asked their customer service what was the reason for this dramatic change in trade behavior of Fap Turbo,

their answer was :

"I’m sorry to hear how you feel, I assure you the reason clients may find a difference is that with TDFX all positions are covered which means that when you open or close a position you are actually capturing the market rate"

 

What I heard fromother people is that Tadwaul seems to filter and "flaten" their price data alot more than

other brokers, such as Alapri, which is very unbeneficial for the usage of Sclaper EAs such as Fap Turbo or Megadroid.

 

So I can absolutely not recommend this broker to anybody who has in mind to use them

with scalping EAs due to their low spread.

 

Other than that, my deposits and withdrawals with them always worked fine anhd on time, did not have any issues with that.

 

Hope this is helpful to anyone

 

 

Kind regards,

 

Michael

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Re: Info on Tadawulfx

 

I have live account at datawulfx before, spread are 3 pips fixed on EURCHF and EURGBP and 2 pips on EURUSD.

very fast withdraw and deposite, fast order execution on the eurocross when scalping. Losing are the fault of EA, it is not brokers data fault. If you want to robot ea scalping on the eurocross, this is the broker that you shall select.

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Re: Info on Tadawulfx

 

no, it is fixed. there were 2 weeks tadawul temporately adjusted the spread for eurcross to 5 pips in the march, 2009. But they adjusted the spread back to normal 3 pips fixed.

their data is heavily filtered, you are trading in a playstation and price is 3 pips higher than the market price when it goes up, 3 pips lower than the market price when price goes lower, not with the real market price.

 

however, as long as the scalper is doing fine, do not care about the heavily filtered price.

 

their demo server price is relatively near they real server price.

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Re: All About Tadawul FX

 

I use Tadawul initially for EA since their spread is 3 which is hard to find for the Eur/Chf & Eur/Gbp pair. As mentioned by some members above, EA started to perform badly once spread went to 5 & now i do not use it for EA but for manual trading as their execution is fast :)

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Re: All About Tadawul FX

 

I had a live account with them and have dumped them.

 

Guys, IMHO there is no such thing as a fixed spread broker.........the spread is determined by the market. If the best interbank rate is at 4 pips, how can a broker offer it to you for 3 pips. They WILL simply slip you and if you do not permit enough slippage, they WILL requote you. What they will not do is fill you at 3 pips. Pure and simple. Check your metatrater log files for trade execution problems.

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Re: All About Tadawul FX

 

I had a live account with them and have dumped them.

 

Guys, IMHO there is no such thing as a fixed spread broker.........the spread is determined by the market. If the best interbank rate is at 4 pips, how can a broker offer it to you for 3 pips. They WILL simply slip you and if you do not permit enough slippage, they WILL requote you. What they will not do is fill you at 3 pips. Pure and simple. Check your metatrater log files for trade execution problems.

i'm live with them since they got back the 3 fixed spread,i's true that i had about 3 requotes princes on eoro/chf in about 1 month, no requotes at all on eurpgbp ,still testing them but no complaints so far ,i was with fxcm before ,huge increase in the spread during the scalping time ,that's why i dumped them out

 

satisfied so far with them ,btw i changed all my eas magic #,this is 1 way that brokers can recognize your ea and sometime mess up with them :)>-

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Re: All About Tadawul FX

 

You will get more than eight requotes before your ea can enter one trade, often at -3 pips from your entry. so -3 slippage (constant) + 3 pips spread = 6 pips spread. Also your pending orders are not executed if there are fast sideways movements in the asian session. Very poor broker.

 

Hey guys, dump this bucketshot broker. I ended up paying more than i bargained for.

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Re: All About Tadawul FX

 

i'm live with them since they got back the 3 fixed spread,i's true that i had about 3 requotes princes on eoro/chf in about 1 month, no requotes at all on eurpgbp ,still testing them but no complaints so far ,i was with fxcm before ,huge increase in the spread during the scalping time ,that's why i dumped them out

 

Thanks for feedback . Interesting

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