Forex Broker - 4XP (Forex Place) Review

Tadawul FX Background

Founded in Switzerland in 2006, Tadawul FX is authorized and regulated by the Cyprus Securities and Exchange Commission (103/09) and complies with the European MiFID directive.

Tadawul FX brings together a group of experienced forex industry professionals who wanted to provide superior customer service to forex traders. The company's mission statement is 'Honesty, Clarity, Integrity.'

Key Features of Tadawul FX

• Tadawul pride themselves on offering a high level of service to their clients. This starts with clear transparency about what they offer on their website.
• Fixed spreads across all Forex pairs, 24 hours a day.
• Tadawul FX welcome Forex scalping and hedging strategies either implemented by manually or by Forex EA's.

Account types

Tadawul FX offers three account types for traders; Mini, Standard and Premium. As with most brokers the spreads offered become better the higher grade of account that you open.

You can open a Mini account with $500 which has a respectable fixed spread of 3 pips for the EUR/USD. A standard account requires an initial deposit of $5,000 and offers a two pip fixed spread on the pair.

A full range of account funding options are offered for deposits. Base account currencies are available in US Dollars, Euros, Yen, GBP and Swiss Francs.

Full Islamic trading conditions are offered with no additional charge, hidden cost and no interest (SWAP) fees.

Tadawul FX Trading Platform

Tadawul FX offers the MetaTrader 4 platform and MT4 mobile trading. MetaTrader 5 is also currently offered for beta testing.

"Tadawul FX provides the excellent MetaTrader trading platform, is fully supportive of the use of Expert Advisors and offers excellent customer service. The low fixed spreads are an added attraction although the relatively high account opening deposit may be high for some" .

Ready to start trading with Tadawul FX?