Tadawul FX Establishes Permanent Zero Fees Policy and Reveals Record 2010 Performance

LIMASSOL, Cyprus, Jan. 31, 2011 /PRNewswire/ -- Online forex broker Tadawul FX, today announced that it will be adopting its recent Zero Fees promotion on a permanent basis with immediate effect. The decision comes following feedback from many clients who welcomed this initiative which allows them to trade with the exact amount they deposit and avoid any hidden charges. The company also announced its record performance for 2010 including growth of over 130% and a global reach now spanning over 160 countries.

Online forex and commodity broker Tadawul FX is a licensed and regulated European investment firm currently experiencing huge growth. Aiming to provide a more customer-focused forex trading experience, this STP broker offers some of the most competitive trading conditions in the market, including fixed spreads and excellent 24hour client support.  

Tadawul FX today announced the permanent introduction of their Zero fees on all deposits promotion. Following a successful run of six months of this promotion, which proved hugely popular with Tadawul FX clients, the decision was made to offer this advantage indefinitely.   All clients sending money to their trading accounts via PayPal, Moneybookers or bank wire transfer will not incur any fees and will get to trade with the exact amount they deposit. The offer applies to deposits only, and does not include any charges that the sender's bank or credit card provider may apply.

Thomas Papantoniou, Sales Manager & Partner says, "Our traders had requested this feature in the past, and naturally when the promotion ran for the first 6 months, we had lots of feedback indicating that this was very important to them as a benefit and they were delighted with it. After carefully evaluating its performance over the last few months, we therefore decided that it was important to continue to provide this to our clients in line with our promise to offer competitive trading conditions and quality service."

Following last week's news that the company was awarded a place in the World Finance Top 100 for 2010, Tadawul FX today also revealed that 2010 was the company's most successful year on record with rapid growth in its client-base and expansion of its geographic reach. Establishing a strong presence in Hungary last year, and securing its place as the leading forex provider in the region, Tadawul FX aims to copy this winning formula across into other countries too.

Trading volumes in 2010 increased by a massive 143% in comparison to 2009 and the number of trading clients also grew by 170%, with more and more customers choosing Tadawul FX as their online forex provider. Whilst the company and its staff have continued to focus on delivering high service quality through increasing the language options available on their website, growth of the support team and the establishment of representative offices, the company has also seen a significant increase in the number of new countries which traders are based in.

"2010 was a record year for Tadawul FX," explains Stavros Yiannakou, CEO & Partner of the company. "We have shown consistent and truly global growth, as opposed to experiencing a temporary surge in one region, and this puts us in a good position for further steady and rapid progress in 2011."

"In turn, being recently awarded as the Top 100 firm to reach the highest level of achievement in forex by the World Finance establishment, was an important benchmark for us. The team has worked hard this year to push service to new heights and we have continued to innovate in our product offerings to ensure we are meeting traders' demands. This strategy has paid off and the continued expansion encourages every member of our team to strive towards providing first-class service and high quality trading tools, driven by our core values of honesty, clarity and integrity."

Tadawul FX continues to work on several projects to facilitate further growth and expansion. Amongst plans for 2011 are a number of advanced tools, features and technologies which will be introduced in the coming year, in order to further enhance the online trading experience for all Tadawul FX traders.

About Tadawul FX:

Tadawul FX  Ltd is an online forex broker offering currency and commodity trading services. 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 , email [email protected], Tel + 357-25200900

SOURCE Tadawul FX