Online Forex Broker Tadawul FX Wins Excellence Awards at 2011 IBTimes Trading Awards

LIMASSOL, Cyprus, June 6, 2011 /PRNewswire/ -- Online forex broker Tadawul FX is delighted to announce that it has been awarded two prestigious awards by the highly respected global news leader, International Business Times (IBTimes.com) at the 2011 IBTimes Trading Awards in New York. Selected from a pool of 140 brokers, the company received an Excellence award for Islamic Forex broker for its innovation and strong client satisfaction with its swap free Islamic forex trading accounts, and also Excellence award for Forex Broker Middle East - a further testament to its growing strength and popularity in the region.

Offering premier and multilingual client support, Tadawul FX has been experiencing strong growth on a global scale including in the Middle East, where its favourable Islamic trading conditions are actively sought by Islamic traders, and its reputation as a top broker for Islamic accounts is already well established. Those traders, who must trade in accordance with their Muslim beliefs, face certain restrictions when it comes to overnight swaps and the overall management of Islamic accounts.  Tadawul FX has always provided them with the most competitive Islamic accounts and trading conditions available in the market, as well as excellent multilingual service to meet their requirements.

Unlike many accounts provided by other brokers which claim to be 'Islamic', Tadawul FX accounts are truly swap free and do not have any additional charges applied via commissions or hidden fees.  Unlike many of its competitors Tadawul FX also does not widen spreads on Islamic Accounts, so customers get to enjoy the same trading environment and conditions offered to non-Islamic clients.

"At Tadawul FX we believe it is unethical to disguise swap fees and this does not respect the Islamic faith.  When we set out to provide Islamic accounts, we decided that they must be done in a way that absolutely adheres to these principles, or else there was little point in providing them," explains Thomas Papantoniou, Sales Manager and Partner at Tadawul FX. "We always try to understand what our traders want from us, and we know they want a broker they can trust, who employs ethical practices, and does not take advantage of situations like this to mislead clients."

Stavros Yiannakou, CEO and Partner of Tadawul FX, is pleased with the recognition from IBTimes. "It is an honour for us to receive these awards as they are voted for by traders. This means that it is our clients who have chosen to vote for us and this shows that they value Tadawul FX, what we stand for and what we offer to our traders."

The awards are voted for by traders in more than 82 countries and place great importance on customer satisfaction and service levels as important voting parameters.

Tadawul FX continues to invest in new services and tools to assist traders. One of the features which live account holders already enjoy is free signals which are sent directly to the trading platform several times a day, alerting them to trading opportunities as they arise in the market on forex, gold and crude oil. There are also technical analysis updates available via email, to allow clients to better understand movements and keep up to date with economic and financial news.  

Mr. Yiannakou says: "At Tadawul FX, we will continue to grow our services and product portfolio for our traders, whilst remaining focused on our client support and excellent trading conditions, and we hope to continue getting recognition for our achievements and efforts in this respect."

The complete list of the IBTimes Trading Awards winners is available on the official awards website www.ibtimesawards.com.

About the IBTimes Trading Awards:

The 2011 IBTimes Trading Awards identify the best financial service providers globally. The awards recognize excellence in the quality of the services they offer to traders and investors.

From 2010, readers of The International Business Times have been invited to vote on a range of attributes of the providers they use. The winners in each category are selected based on the votes and a judging panel of industry experts and independent research groups.

The IBTimes Trading Awards builds on the successes of last year's Awards, the 2010 FX Traders' Choice Awards. They were awarded based on the votes of IBTimes' readers collated by Forex DataSource, a Forex market research firm. The goal of the FX Traders' Choice Awards was to empower traders with reliable information and help them select reputable brokers, as traders decided the winners.

This year, the 2011 IBTimes Trading Awards continues to give public recognition to those brokers and financial service providers while increasing the scope of the awards to cover all major asset classes including Funds, ETFs, Stocks, Futures and Options. The awards also reflect The International Business Times' global identity and include votes on financial service institutions  from around the world that provide services in multiple languages.

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 www.tadawulfx.com or contact Tadawul FX at [email protected] or telephone: +357 25 200 920.

Tadawul FX Ltd  www.tadawulfx.com  email [email protected]  / Tel +357 25200900

SOURCE Tadawul FX