NEW YORK, Aug. 31 /PRNewswire/ -- Global news leader International Business Times (IBTimes.com) and market research firm Forex Datasource announced the results of the 2010 FX Traders' Choice Awards during an award ceremony held in New York City on Aug 30, 2010.
This year, a total of 10 retail FX broker firms were honored from a pool of close to 90 brokers nominated by more than 1000 traders in 111 countries. The FX Traders' Choice Awards offer the highest recognition a broker firm could receive and the most reliable results to traders within the fast growing retail Forex trading market.
Because of significant disparities in broker preferences from people in various continents, the FX Traders' Choice awards fall into two major categories: brokers with the widest client acceptance worldwide and brokers with the highest client satisfaction by continent.
Among Global FX Brokers – those with highest client acceptance worldwide - the FX Traders' Choice Awards evaluated how clients ranked these brokers in five sub-categories: Overall, Trading Platform, Client Service Department, Account Department, and Funding Department.
This year's nominees designated as Global FX Brokers were: FXDD, FX Pro, FX Open, IBFX, FXCM, Oanda, Alpari UK, FX Solutions, Gain Capital (Forex.com), IG Markets, e-Toro, Easy-Forex, and Saxo Bank.
The top firm in each sub-category received an Eagle award, whereas the 2 runner-up firms were honored with a Falcon award. A total of 30 awards were announced.
For each continental leader, the FX Traders' Choice Awards granted its highest recognition, the Best FX Broker Eagle award. The top 2 runner ups in each continent received the Falcon award. To measure client satisfaction, Forex Datasource drew on its expertise of Net Promoter Score (NPS), a well recognized statistical method to determine what firm counts with the highest net percentage of highly satisfied clients (promoters).
Full results to the 2010 FX Traders' Choice Awards can be viewed at the official awards website: www.fxtraderschoice.com
About The International Business Times
With over 5 million unique visitors per month, the International Business Times is a leading global financial newspaper online published in 14 countries and in 9 languages. IBTIMESFX, the Forex portal of IBTimes has grown during the past 3 years into a leader in Forex News, Analysis, Education, with over 1 million unique visitors per month. It aims to provide FX traders of all nations the most useful information available. Visit www.ibtimesfx.com
About Forex Datasource
Launched in 2007, Forex Datasource is a leader in the area of FX broker sentiment analysis and retail FX market research. Through the development of vote-inducing practices and use of statistical methods, Forex Datasource collects accurate trader sentiment information and crafts the criteria for FX broker evaluation. Forex Datasource also offers a portal rich in news, broker ranking information, and Forex education for retail FX traders. Visit www.forexds.com
About the FX Traders' Choice Awards
The FX Traders' Choice Awards is the result of a partnership between Forex Datasource and International Business Times (IBTimes) over the course of two years. The Awards are generated using the input of thousands of retail Forex traders from over 110 nations. The high integrity, scientific approach to data analysis, and vast geographic scope of the results make the FX Traders' Choice Awards the most reliable broker distinctions in the retail Forex industry. Visit www.fxtraderschoice.com
SOURCE International Business Times