Tadawul FX Announces Partnership with Leading German Financial Institution Commerzbank

LIMASSOL, Cyprus, November 7, 2011 /PRNewswire/ --

Tadawul FX, an established  online Forex and CFDs broker, has recently announced its partnership with Commerzbank in a further effort to provide its clients with additional and secure methods for making deposits and withdrawals to their trading accounts.

Online forex broker Tadawul FX is pleased to announce that it has now reached an agreement to use the services of Commerzbank , a leading German bank and  financial institution, with a total of around 1,200 branches worldwide. The decision was made by Tadawul FX in order to better serve its global client base. This new partnership will offer another safety net and increased funds protection for clients in a time of economic turbulence across the world. With over 60 sites in 50 countries and 14 million private clients, Tadawul FX is confident in its chosen new banking partner.

Tadawul FX is a European licensed online forex and CFDs broker. The company recently also launched its new mobile applications for several popular mobile platforms including iPhone, iPad, Android, Blackberry, Windows Mobile and other smartphones. The company also offers a web trading platform, so that traders can login and trade from any computer without requiring to download or install the MT4 trading platform.

Stavros Yiannakou, Chief Executive Officer of Tadawul FX, says 2011 has been an important year for the company. "Our team has been working hard this year to keep improving and raising the bar with our offerings and we have placed great importance on innovation in our products and services to ensure our traders are happy. As we continue to expand month on month on a global basis, we can see that this strategy is working for us and we are very pleased with the results. Partnerships with major institutions such as Commerzbank only serve to reinforce our strategy of superior services for our clients," says Yiannakou.

Tadawul FX currently accepts 5 major currencies for trading accounts including USD, EUR, GBP, JYP and CHF. These are available through 4 different payment options including PayPal, bank wire transfer, Credit Card and also Moneybookers/Skrill.

Bank transfers to Tadawul FX trading accounts via the services of Commerzbank are immediately available in all the above currencies. More information on the banking details can be obtained from the Tadawul FX 24 hour support desk and any clients interested in using Commerzbank simply need to request the appropriate bank details from their Tadawul FX account manager. For further information on the low fixed competitive spreads offered by Tadawul FX and any queries on the types of trading accounts available, traders can visit the Tadawul FX website.

Commenting on this new partnership, Chief Operations Officer of Tadawul FX, Thomas Papantoniou states, "Commerzbank is a tried and tested player within the financial services scene, providing the experience and sizable backbone as an institution that we were seeking for a new partner of Tadawul FX. Working with Commerzbank, in addition to the already available institutions, provides our clients with another choice for their deposits and withdrawals, to ensure their trading is made as easy and secure as possible."

About Tadawul FX:

Tadawul FX, also known as TDFX, is an online forex broker. TDFX is licensed and regulated by the Cyprus Securities & Exchange Commission (license number 103/09) and is also registered with the UK Financial Services Authority (FSA) with registration number 516667, as well as the German regulators BAFIN (Reg 123252).

For more information, visit http://www.tadawulfx.com or contact Tadawul FX at [email protected] or telephone: +357-25-200-920.

SOURCE Tadawul FX