Ajman Tadawul foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.ajmantadawul.com/real, about the company's legal and temporary regulatory information, the company's address Sweetwood Drive Street, Boulder, Colorado 80302.
Ajman Tadawul Forex Broker
Basic Information
United States
1-2 years Suspicious Regulatory License Self-developed Suspicious Scope of Business High potential riskCompany profile
Rating Index
Ajman Tadawul Forex Broker - Complete Information Guide
1. Broker Overview
Ajman Tadawul, established in December 2023, is a forex brokerage firm headquartered in Boulder, Colorado, USA. The company operates as a private entity and primarily targets individual retail traders and institutional clients. The broker claims to offer a diverse range of trading services, including forex, commodities, and indices.
Despite its recent inception, Ajman Tadawul aims to position itself within the competitive online trading market. However, the company faces scrutiny regarding its legitimacy and operational practices, as it lacks regulatory oversight. The absence of regulation raises significant concerns about the safety and reliability of its services. As a relatively new player in the forex brokerage landscape, Ajman Tadawul's development trajectory remains under observation, particularly regarding customer trust and satisfaction.
The broker operates under the name Ajman Tadawul and presents itself as a trading platform designed by financial professionals. However, the lack of a proven track record and transparency in operations leads potential clients to exercise caution. The business model primarily focuses on retail forex trading, but it also claims to provide institutional services.
2. Regulatory and Compliance Information
Ajman Tadawul currently operates without any regulatory oversight, which is a significant red flag for potential investors. The absence of a regulatory body monitoring its operations raises questions about the broker's compliance with industry standards and practices. There are no known regulatory licenses or registration numbers associated with Ajman Tadawul, which means it does not adhere to the stringent requirements set forth by recognized financial authorities.
Given that the broker is based in the United States, one would typically expect oversight from the Commodity Futures Trading Commission (CFTC) or the National Futures Association (NFA). However, Ajman Tadawul has not demonstrated any affiliation with these regulatory bodies. Moreover, the lack of customer fund protection policies and investor compensation schemes further amplifies the risks associated with trading through this broker.
Ajman Tadawul has not provided any information regarding its Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, which are crucial for maintaining a secure trading environment. This lack of transparency regarding compliance practices poses additional risks for potential investors.
3. Trading Products and Services
Ajman Tadawul offers a range of trading products, primarily focusing on forex currency pairs. The broker provides access to a limited number of currency pairs, which includes major, minor, and exotic pairs. However, specific details about the total number of available forex pairs have not been disclosed.
In addition to forex trading, Ajman Tadawul claims to offer Contracts for Difference (CFDs) on various assets, including commodities, indices, stocks, and cryptocurrencies. The availability of these products is essential for traders seeking to diversify their portfolios. However, the broker's transparency regarding the frequency of product updates and the introduction of new trading instruments remains unclear.
Retail trading services are the primary focus of Ajman Tadawul, with institutional services being mentioned but not elaborated upon. The lack of detailed information about institutional offerings and white-label solutions raises concerns about the broker's ability to cater to a broader client base effectively.
4. Trading Platforms and Technology
Ajman Tadawul primarily supports the MetaTrader 4 (MT4) platform, a widely recognized trading platform in the forex industry. MT4 is known for its user-friendly interface, advanced charting tools, and support for automated trading through Expert Advisors (EAs). However, details regarding the broker's proprietary trading platform or additional technological offerings remain undisclosed.
The broker does not provide specific information about web-based trading platforms or mobile applications for iOS and Android devices. The absence of a dedicated mobile trading app may limit accessibility for traders who prefer to manage their accounts on the go. Additionally, the execution model employed by Ajman Tadawul, whether it be ECN, STP, or Market Making, has not been clarified.
Information regarding server locations and technical infrastructure is also lacking, raising concerns about the broker's operational reliability and execution speeds. Furthermore, there is no mention of API access or support for algorithmic trading, which could be a drawback for more advanced traders seeking to implement automated strategies.
5. Account Types and Trading Conditions
Ajman Tadawul offers various account types, though specific details about the conditions associated with each account remain vague. The standard account typically requires a minimum deposit, but the exact amount has not been disclosed. The broker's spread and commission structures are also unspecified, making it challenging for potential clients to assess the cost of trading.
Advanced account types, such as VIP or professional accounts, are mentioned but lack detailed descriptions regarding their features and benefits. The availability of special accounts, such as Islamic accounts for traders seeking Sharia-compliant options, has not been confirmed.
The broker's policies on demo accounts and leverage ratios are also unclear. Information on the minimum trade sizes and overnight fees is not provided, which could be critical for traders assessing the cost-effectiveness of their trading strategies.
6. Fund Management
Ajman Tadawul supports various deposit methods, including bank transfers, credit cards, and electronic wallets. However, specific details about the minimum deposit requirements for different account types have not been disclosed. The broker's processing times for deposits and any associated fees are also unclear, which may pose challenges for traders looking to fund their accounts efficiently.
Withdrawal methods and restrictions have not been explicitly outlined, creating uncertainty regarding the ease of accessing funds. The processing times for withdrawals and any applicable fees remain undisclosed, which is crucial information for traders who prioritize liquidity.
The lack of transparency regarding the broker's fund management practices raises concerns about the safety and accessibility of client funds. Without clear information on these aspects, potential investors may hesitate to engage with Ajman Tadawul.
7. Customer Support and Educational Resources
Ajman Tadawul offers customer support through various channels, including phone, email, and online chat. However, specific information about service hours and time zone coverage is not provided. The availability of multilingual support is also unclear, which could limit assistance for non-English speaking clients.
The broker claims to offer educational resources, including webinars, tutorials, and e-books. However, details about the types and frequency of these resources remain vague. Market analysis services, such as daily analysis, news, and research reports, have not been specified, making it difficult for traders to gauge the level of support available for their trading decisions.
Additionally, the availability of trading tools, such as calculators, calendars, and signal services, is not mentioned, which could be a significant drawback for traders seeking comprehensive support in their trading endeavors.
8. Regional Coverage and Restrictions
Ajman Tadawul primarily serves the global trading market, but specific details about its major service markets have not been disclosed. The distribution of regional offices is also unclear, limiting the broker's visibility in various markets.
The broker does not accept clients from certain countries, but the list of restricted jurisdictions has not been provided. This lack of clarity regarding geographical restrictions may pose challenges for potential clients seeking to understand their eligibility to trade with Ajman Tadawul.
In summary, while Ajman Tadawul presents itself as a forex brokerage with a variety of services, significant concerns regarding its regulatory status, operational transparency, and customer service persist. Potential clients are advised to conduct thorough due diligence before engaging with this broker to mitigate risks associated with trading in an unregulated environment.
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Latest Reviews
FX4126167270
Iraq
An employee from this fraudulent company called me telling me that there is an opportunity to change your life and get rich quickly, and I believed her because I have no experience in this field. She made me deposit $250, and then I started trading for a few days, and then my account manager told me that there was a great opportunity for us to achieve success. He made a better profit, so he kept inciting and pressuring me to borrow another amount of $1,300 and I gave it to them. Indeed, I began to see a lot of profits in a short time, and when the profits reached $10,000, I requested a withdrawal. They told me that I must pay the insurance and dues, which are $1,600, and after I sent the money to them, they told me that I must pay the tax because my money is in Turkey now, and before it is transferred, you must send us another amount of $1,500. This is a scam. If I send it to them again, I will not get anything, and I do not know if there is a way to withdraw my money.
Exposure
2024-04-28
osamaali7837
Iraq
Peace be upon you.. This is the Ajman Trading Company. I am one of the people who was defrauded by it, with a large amount of money, and they forced me to sell the piece of land that I owned and to sell my daughter’s gold jewelry. God suffices me, and He is the best agent. This owner of the ID is the one who was communicating with me, and of course I have conversations and pictures of the platform, and I have an account for me. I was sending them money hoping for help because my financial situation is difficult.
Exposure
2024-04-23
FX3447233462
Iraq
Ajman traded monument and fraud .. The monument and fraud was made by Ajman trading .. Almost a month ago I paid the amount through the mediator hess from the response I drag my profits, they must pay the tax to you of $ 800, their blocs. The way of its transformer .. Please help on debts and my material condition is tired
Exposure
2024-06-03