brc021

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