These are the forex trading guidelines for the Swiss Online Forex broker Tadawul FX, also known as TDFX. We kindly request that our clients familiarise themselves with our guidelines and procedures, as detailed below, before commencing live trading.

TADAWUL FX shall provide clients with tradable prices of the foreign exchange and precious metals markets. A tradable price shall be an exchange rate or a currency pair, on which the client may execute trades.

In order to access and control each account, TADAWUL FX provides clients with TADAWUL FX Trader 4 Station software. Through the use of an internet connection and individual login names and passwords, clients will be able to execute trades and receive real-time information on the account balance, valuation of open positions and live market exchange rates, as well as direct access to TADAWUL FX staff through internal email.

Usage of TADAWUL FX Trader 4 Station is provided to clients free of charge for the purpose of trading and monitoring foreign exchange and precious metals markets. All rights to the platform, its logos, charts, news and other information displayed strictly remain with TADAWUL FX and may not be copied, distributed, re-created or published without the written consent of TADAWUL FX. Clients assume full responsibility for the access and usage of their account, including the safekeeping of login names and passwords.

TADAWUL FX will supply clients with real-time economic news, graphic analysis of currency pairs as well as trade recommendations. While any such information provided by a representative of TADAWUL FX in written or oral form or through the means of the TADAWUL FX Trader 4 Station is believed to be reliable, TADAWUL FX cannot warrant for its accuracy and can in no way be held responsible for any positive or negative outcome of any transaction dealt by a client before, during or after such information was distributed.

TADAWUL FX will monitor and analyse clients trading activity in real-time. As a value added service, a TADAWUL FX representative may proactively discuss trade behaviour, market exposure or individual risk limitation with any client for the purpose of a balanced approach to risk-reward. Such assistance is provided free of charge by our market professionals and does not consist of any obligation or solicitation to transact trades. Regardless of the client’s choice to adopt TADAWUL FX trading assistance, the sole responsibility of any profit or loss resulting from any trades will remain with the client.

Clients opening a Premium account will benefit from a 1 pip spread on the major currencies as well as personalised trading solutions and market analysis.

Payments to TADAWUL FX must be done via wire transfer from a bank account bearing the clients name as it appears in TADAWUL FX Account Opening Forms and in the accounting currency chosen. The client bears all charges related to such wire transfers. The client must inform TADAWUL FX of the amount, currency and value date of his wire transfers for prompt credit to his account. Withdrawals from the TADAWUL FX trading account can be done at any time by written notice. The necessary withdrawals form can be found on TADAWUL FX website or it can be requested from a TADAWUL FX representative. Withdrawals can only be wired to a bank account bearing the client’s name as it appears in TADAWUL FX Account Opening Forms. The recipient bears all charges related to such wire transfer. TADAWUL FX will return funds only in the accounting currency in which the trading account was held.

Clients may hold multiple forex Accounts with TADAWUL FX. Cash transfers between accounts are not allowed. TADAWUL FX  may grant short-term credit facilities in order to bridge the time of a bank-to-bank wire transfer.

Trading over any electronic platform may expose a client to risks associated with hardware, software, internet connections or systems failure. While TADAWUL FX will make all possible efforts to offer its clients a highly stable and secure trading system, TADAWUL FX cannot be held liable to any loss that may occur due to any such risks.

Prices of currency pairs are in constant movement, price changes occur very frequently at random intervals. A client executing a trade will witness constant price changes on his order screen. A price is captured by pressing the ‘BUY’, ‘SELL’ or ‘CLOSE’ button, a trade is validated at this price only once the order execution screen appears on the clients Station, confirming the traded amount, currency pair or precious metal. Failure to receive such a confirmation means that no trade was booked in TADAWUL FX systems.

TADAWUL FX operates a 24 hour trading desk. Clients may call anytime during trading hours to speak to a TADAWUL FX  representative and execute trades for his account. Clients must properly identify themselves, stating name, account number and any identification asked. For a live quote, the currency pair and trade amount must be specified, upon which a bid/offer price will be quoted a tradable price. Clients may ‘buy’, ‘sell’ or do nothing. If a currently open position is closed, its position number must be stated. A closing price will then be quoted. A trade is validated by the confirmation of the full trade details including position number by the TADAWUL FX representative.

Slippage means execution at a price slightly less favourable than the price level chosen by the client. Limited slippage may occur at the discretion of TADAWUL FX in fast moving markets or with the execution of stop loss orders. Large or very large slippage may occur on weekends or force majeur events; it is set at the discretion of TADAWUL FX.

All complaints relating to trades executed must be sent to TADAWUL FX within 48 hours of the execution of the trade in question to This e-mail address is being protected from spam bots, you need JavaScript enabled to view it or This e-mail address is being protected from spam bots, you need JavaScript enabled to view it . This email address is being protected from spam bots, you need Javascript enabled to view it

A position is opened by executing any type of ‘buy’ or ‘sell’ trade on the client’s Station or by telephone. An open position changes in value as the price of the Currency Pair involved changes, this is called the ‘unrealized profit/loss’. Opening positions increase Margin usage of the account.

Clients benefiting from the TADAWUL FX ‘No Riba’ policy may hold positions for an undetermined time at the original opening price until they are closed and no charges occur. TADAWUL FX may revoke the ‘No Riba’ policy in case of abuse with a 48 hours notice via email.

Rates of all Currency Pairs are captured at 11pm CET and used as the day’s referenced closing rate.

All positions held at 11pm CET are carried to the next day. They will be closed at the day’s reference rate and re-opened at ‘reference rate +/- adjustment’. The daily adjustment for each currency pair can be found on the client station billboard and on the TADAWUL FX website.

By holding a position after market closure on Fridays, clients expose themselves to possible price shifts as opening prices on Monday may significantly differ from the closing rates. If such shifts or ‘gaps’ happen, execution of a limit or stop order cannot be guaranteed and large slippage may occur. TADAWUL FX has the right to execute any stop at a price that seems appropriate under the circumstances.

A position is closed by executing a ‘close’ or by matching a ‘buy’ and a ‘sell’ of the same currency pair with the ‘close-by’ function. Closing any position will reduce margin usage of the account. Closing a position will incur a profit or loss which will be credited/debited to the client’s Account immediately. All profits/losses incur in the second-named currency of any Currency Pair. If this is not the accounting currency of the client’s Account, the amount will be exchanged into the clients accounting currency at the live market rate.

For clients using the TADAWUL FX Musharaka scheme, all profits and all losses will be evenly shared between the client and TADAWUL FX. After closing a trade and transferring its profit/loss to the account, TADAWUL FX will debit/credit 50% of the profit/loss from/to the account.

Leverage is a multiplicator, allowing clients to hold positions that far exceed their cash on deposit. Leverage is set at the account opening. Higher leverage may be granted upon written request. TADAWUL FX has the right to reduce a client’s chosen leverage with notice given in writing.

Margin requirement is the amount required to hold an open position. It can be calculated with the formula: "trade amount" / "leverage" converted into the accounting currency. The margin requirement is deducted from the client’s available cash and returned once the position is closed.

Clients using leverage no larger than fifty benefit from margin call. TADAWUL FX will get in contact with clients through verbal or written communication if large unrealized losses are incurred on the account. If in margin call, a client may close some positions to reduce risks or make an additional deposit, and failure to do so may lead to liquidation.

If the account balance is insufficient to hold open positions, all positions are simultaneously closed at market rates (liquidated). It is reached when: "Account balance" / "Margin requirement" / "unrealized loss" is smaller than zero. Liquidation protects a client from falling into any debt towards TADAWUL FX.