Dubai Tadawul LTD operates the site, it claims to be registered in Dubai and its headquarters are located there. According to the information provided, the broker has more than 45 thousand clients and more than 6 years of experience in the market, and its clients have opened more than 74 million transactions on this platform. As for the domain, it was registered only in October 2023. In addition, the project does not have a license. However, the firm informs in its Rules that it is obliged to comply with the FIAU rules on the prevention of criminal money laundering. Finally, the bilingual website supports English and Arabic.
Can you trust the information that this company provides about itself? Will you make a profit here? We will check the legitimacy of the service and conclude whether it is safe to cooperate with it.
The broker provides clients with MetaTrader 4 and Sirix currency trading software, claiming that the latter is a new currency valuation platform that has already won awards. Dubai Tadawul offers more than 100 instruments that you can trade once you register an account.
WARNING: You must download the desktop software or go to WebTrader before you can start. However, the terminal was not available at the time of our checking.
Traders have access to 53 currency pairs for forex on the platform in 24/5 mode, which are traded with leverage up to 1:400. In addition, you can work with 25 pairs of commodities. You can also trade stocks through both on-exchange and over-the-counter markets.
Dubai Tadawul has developed 3 tariff plans, which differ in the size of the minimum deposit. Each subsequent level includes the whole set of services of the previous one, adding new options. You can choose an account from the following options:
- Micro, $250-$1000 deposit – Dairy market analytics, All trading tools, Video access, Exclusive updates, Dairy recommendations, 24-hour support. (Obviously, there is a typo in the word “Dairy” and you should read “Daily”).
- Standard, $1,000-$10,000 deposit – VIP support
- Gold, deposit $10,000-$50,000 – Transactions Hedge
Dubai Tadawul guarantees a low spread and no commissions. In the News section of the site, you will read about what the Economic Calendar and Technical Analysis is all about. On the main page of the site, there is a tracker with information about the state of the world currency market.