Our Review of Tadawul FX Ltd.
Tadawul FX Ltd.
Tadawul FX Ltd. is a Cyprus-based currency trading platform established in 2006 to allow financial professionals to trade a wide range of currencies. It supports the popular MetaTrader 4 platform, allowing users to make trades online, through Windows-based software, and mobile devices. The platform is regulated by CySEC and does not accept US clients.
Leverage as high as 1:500 is available through the Tadawul FX platform. The platform is multi-lingual, offering support in English, French, Greek, Hungarian, Russian, and Turkish. Customer service is available Monday through Friday 24 hours per day. Deposits can be made through credit card, PayPal, MoneyBookers, and Bankwire. For withdrawal, payments are available through all of the same channels except credit card.
To open an account, Tadawul FX requires clients to make a minimum deposit of $2000. Clients can trade metals, oil, currencies, gold, and commodities. The platform's greatest strength is its friendly support staff that can assist with a wide range of support activities. The platform charges no fees to open an account, has a 0% fee for deposits, and trades can be executed at no cost. Before opening a live trading account, individuals are free to use a demo account to test it out for themselves before depositing money.