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Dubai Tadawul Review | One of the Best Trading Experiences in the Market or a Scam?

by Kevin Berry
Rating: 
  1/5   Reviews: 2
Dubai Tadawul - logo

Dubai Tadawul offers one of the best trading experiences in the market today. The firm was founded by a group of experienced professionals and experts to provide advantageous conditions for all categories of traders. A great goal, but can you trust the broker with your money? Isn’t the platform a scam? After all, online reviews are quite contradictory and scarce, and the license is not even mentioned. The website states that the company has been operating for over 6 years, but this still needs to be verified. Judging by the name of the organization, it’s not hard to guess where it is based, but this fact also requires investigation.

Highlights

🏛️ Country OAE
⚠️ Regulation
🖥️ Website https://www.dxbtadawul.com/
🎲 Demo Account No
⏳ Start Time 2023
💲 Minimum Deposit $250
⚖️ Minimum and Maximum Leverage 1:200
⚙️ Trading Platform WebTrader
📨 E-mail support@dubaiisthmar.com
📞 Phone +966115209730, +97142482179

First Impression of Dxbtadawul.com

The design and structure of the official Dubai Tadawul website is something we have already encountered with many other brokers. Notably, all these companies eventually turned out to be fraudulent. So, there are already grounds to question the firm’s reliability.

Dubai Tadawul - site

What we have before us is a typical and template resource, adorned with pictures of cryptocurrency and Arab sheikhs actively discussing something. In addition to English, there is Arabic. Self-praise and fake advantages are scattered all over the site. Dubai Tadawul tries to lure potential traders through motivational slogans and clichéd phrases. The site clearly lacks specificity, more data, and uniqueness. Many aspects are not specified, and legal documents are not uploaded.

Partnership and Bonuses

There is no information available about bonuses and affiliate programs, which is strange. An affiliate program is an excellent tool for attracting new traders, and bonus promotions are actively offered by companies similar to Dubai Tadawul. It is even surprising to see the absence of both options.

Account Opening on Dxbtadawul.com

To test the platform and view the interface of the personal cabinet, you need to register an account. The account creation process at Dubai Tadawul is clear and simple. The firm asks for your name and contact details, to choose an account type, and to create a password. You also need to agree to the terms of use, but there is a catch here. The thing is, this document is missing. It raises the question – how can a user agree to something they don’t know? Also, choosing the account type at the registration stage seems inconvenient, although it would be more reasonable to do this inside the dashboard.

Registration

The personal cabinet opens immediately after clicking “register now”, as email verification is apparently not required. The dashboard interface looks usual, with nothing unique or interesting. A client can only perform basic actions: change personal information, go through verification, deposit funds, withdraw money, and other options. By the way, Dubai Tadawul does not provide a demo account.

Verification

The broker complies with FIAU regulations, so the verification procedure here is mandatory. Dubai Tadawul requires providing documents that prove the trader’s identity, their residential address, and their bank card. Document upload is performed in the personal account. So overall, KYC here is similar to other financial organizations.

Pros
  • Documents are uploaded through the personal cabinet.
Cons
  • Dubai Tadawul requires a picture of a bank card.

Trading Software

The trading platform at Dubai Tadawul is presented in several versions: desktop, mobile, and web. The desktop version is downloaded as a .msi file, which we did not dare to download due to potential viruses that may be contained in it. We also do not recommend anyone to download software from unofficial sources, as this is very risky. The mobile trader also has its own peculiarity. It is not a usual application from the AppStore/Play Market, but a platform adapted for mobile browsers. This version of the terminal is less convenient and practical than a separate application on iOS/Android.

Terminal

There is no demo account, but visually you can evaluate the Dubai Tadawul platform. The terminal is primitive and not very functional. Yes, traders can use basic functions: place pending orders, perform technical and graphical analysis, switch timeframes and types of charts, create lists of favorite assets, and change the color theme. However, it is the bare minimum functionality, and advanced tools are missing. The platform is only suitable for beginners, and even then only for acquaintance. For full-fledged and serious trading, such software is unsuitable.

Features Dubai Tadawul WilliamYoungs ZocDocStocks
Demo Account
Mobile App
Own Development

How Can I Trade With Dubai Tadawul?

The broker offers trading only in CFDs. Traders have access not only to Forex but also stocks, metals, indices, commodities, and digital currency. The minimum deposit at Dubai Tadawul is $250, with a leverage of 1:200.

All Info About Accounts

Before replenishing the deposit, you need to first choose a tariff plan. Dubai Tadawul has three types of accounts:

  • Micro. Minimum deposit of $250. The set of services includes daily market analytics, video access, daily recommendations, exclusive updates, and 24-hour support.
  • Standard. From $1,000. The deposit requirement is higher, and the only difference is VIP support.
  • Gold. From $10,000. There is a transaction hedge, and the other possibilities are the same.

The size of the spreads, as well as their type, is not specified. Commissions are also hidden. The broker adheres to a policy of non-transparency.

Account types

Where are the examples of market analytics and recommendations? Who makes them? Are these experts who can prove their experience? Zero information about the services provided by Dubai Tadawul, not even examples are provided. Moreover, leverage of 1:200 is also confusing because, if the broker had a license, it is unlikely that it could offer traders such high leverage.

A minimum deposit of $250 – the problem here is not in the high amount, but in the fact that it is exactly this amount that scammers often ask for. Usually, a requirement of $250 is encountered with illegal brokerage companies. Dubai Tadawul looks more and more like a scam. And where is the Islamic account? A broker from the UAE and does not provide swap-free? And finally, what you should definitely pay attention to is a typo in the description of account types. Instead of “Daily”, it says “Dairy” – is this intentional or a coincidence?

Pros
  • None.
Cons
  • Islamic account is not available.
  • The broker hides commissions and the size of spreads.

Market Analysis and Education With Dxbtadawul.com

The company promises to provide educational courses and materials that will help clients learn how to analyze charts, conduct market research, understand news and economic events, and trade profitably. In addition, Dubai Tadawul offers an economic calendar, technical analysis, online quotes, and a small FAQ section.

Deposit, Withdrawal, and Fees

Deposits and withdrawals are available through standard methods: cards, bank wire transfers, and electronic wallets. It is worth noting that Dubai Tadawul says nothing about depositing and withdrawing funds; there is no separate section for this on the website, which only confirms the company’s secrecy.

Features Dubai Tadawul Investus Pro Aegis Corporate Financial Services
Debit/Credit Cards ✔️ ✔️ ✔️
Electronic Payments ✔️ ✔️ ✔️
Crypto Transfers ✔️
Deposit Fee
Withdrawal Fee ✔️

How Can I Contact It?

Dubai Tadawul has provided users with several ways to get in touch: two phone numbers and an email address. You can also submit a request for a callback through a special form in the “contacts” section on the website.

Contact details can tell a lot of interesting things about a broker. For example, Dubai Tadawul’s email is fake; it doesn’t exist. And the phone number was spotted with another company named Axia Tadawul. Even the names are similar. That’s a bit suspicious.

Email

Pros
  • Not found.
Cons
  • The phone number was flagged by another firm.
  • The email doesn’t exist.

Is Dubai Tadawul Dangerous?

Can a secretive and opaque company be safe and verified? That is unlikely. We have already understood that the broker tries to hide the trading conditions and information about itself as much as possible, and the contact details are completely fake. Let’s find out if Dubai Tadawul has any licenses and when the organization started serving clients. After that, we can make a conclusion.

How Long Does The Broker Work?

Does Dubai Tadawul provide any information about the founding date? There is only a small mention of “6 years of experience”, but at the same time, the website’s domain was registered only in October 2023. Online reviews are too few, so there is no doubt that the broker has launched relatively recently.

Domain

How Is Dubai Tadawul Regulated?

Since we are dealing with a Dubai broker, it is necessary to check the DFSA registry, which is responsible for controlling companies in this jurisdiction. The DFSA check revealed that there is no such organization there. This means that the company does not have a license.

Dubai Tadawul - DFSA

Features Dubai Tadawul Delos Management Unicorntradefx
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

How to Trade With Dubai Tadawul?

First, you need to register an account on the official website by entering personal information, and a password, and choosing an account type. Next, you need to go through identity verification, and after that, make a minimum deposit of $250. However, trying out a demo account is not possible here, as this function is absent.

Is Dubai Tadawul Legit?

The broker does not have a license, so its activity is considered illegal. We checked the DFSA register, and there was no such company.

How Risky Is It?

It is not recommended to cooperate with brokers that do not have a license. Firms like Dubai Tadawul carry a high risk; they can easily refuse to withdraw funds or just ignore the client.
Kevin Berry
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Expert Opinion

Just look at this farce, some kind of parody of a broker. Not only is there zero information on their website about their activities and trading conditions, but in some places the fraudsters forgot to change the template text used as an example on website builders. Dubai Tadawul is just the most ordinary and typical scam broker there can be. Similar companies have been encountered more than once, and all of them were exposed. Please always do fact-checking, and verify the registers of regulators so as not to fall for such blatant scams.

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Dubai Tadawul rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

2 reviews about Dubai Tadawul

Just Dance October 19, 2023 - 23:49
Fake!
The level of trust
Quick withdrawal of funds

Where is the license? Where are the legal documents? Where are the offices? Where is a proper explanation of the trading conditions? Why is there no information about what kind of platform this is? And what about the business model? In short, this is not a broker, but some kind of scam and fake. They really seem to be engaged in fraud, and that’s all. They created a fake, deceive with fake advantages, and thought that everything is okay for them.

Reply
SAFU November 7, 2023 - 13:12
They don't want me to withdraw the money. What should I do?
The level of trust
Quick withdrawal of funds
Efficiency of technical support

Hello! Please help me, I need assistance. The thing is, I chose Dubai Tadawul as my brokerage partner for trading Forex/CFD. I thoroughly studied the terms and thought that it was a safe trading platform, thought that I could trust the company with my money, but I was very wrong. I’m still a newbie in trading, so I didn’t understand that Dubai Tadawul is a fraudulent organization.
I invested $1000 to trade. I chose the Standard tariff because it has a VIP Support service. However, I did not receive any support from these scammers. I transferred the money, it appeared in my account, and I started trading. Tried to contact the managers, but in vain. The email is fake, and the phone calls are unsuccessful.
Having lost $200, I thought that I didn’t need such a pseudo-partner, so I requested a withdrawal. I want to withdraw $800, but they are not returning my money. A week has passed since I applied for the withdrawal, but nothing happens. Dubai Tadawul are scammers who stole my money under the guise of a safe broker. What should I do? Can you advise what to do in this situation? Can I get my money back?

Reply

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