Ajman Tadawul has been flagged by Capital Market Authority for "Unregistered/Unlicensed entity offering financial products or services". The SCA advises members of the public to refrain from dealing with this company, as it is not licensed or authorized to carry out regulated financial activities or provide related services. The SCA assumes no responsibility for any transactions or dealings involving this company. Investors are st... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I was contacted by Ajman Tadawul through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Pros: Initially responsive customer service
Cons: Lost entire investment|Reported to authorities|Unresponsive
The platform at Ajman Tadawul is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for over a year of dealing with this, I have had enough.
Pros: Quick verification|Market news feed|Fast execution
Cons: No integrated tax optimization
I have been trying to close my account with Ajman Tadawul for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Great customer service|High security standards
Cons: Withdrawal takes 1-2 business days
The only good thing about Ajman Tadawul is that they remind you why regulation matters. I found them from a review site like this one. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Transparent fees|Excellent charting
Cons: Could offer more webinars|Wish they had more educational resources