LIMASSOL, Cyprus, June 28, 2011 /PRNewswire/ --
Forex broker Tadawul FX, licensed by the Cyprus Securities and Exchange Commission, proudly announces it has won the award for Best Islamic Finance Provider at the World Finance Foreign Exchange Awards 2011.
Thomas Papantoniou, Chief Operations Officer and Partner of Tadawul FX says: "We have always been a market leader in Islamic forex through our competitive swap-free accounts, without hidden commission, fees or spread widening. Islamic clients enjoy the same low fixed spreads as others but trade in accordance with their beliefs."
Islamic clients cannot incur overnight interest charges and can distribute profits through initiatives such as 'hibah'. Tadawul FX enables these services allowing easy Islamic trading.
Stavros Yiannakou, CEO & Partner of Tadawul FX, says: "At Tadawul FX, we remain focused on innovation and strong customer support. This award recognizes this and we are proud to add to our growing accolades."
The broker also announced its Arabic website launch, providing a more localized service catering to its large Middle Eastern client base, alongside its Arabic language support. Traditionally a difficult market to enter, Tadawul FX has successfully established itself as a broker that understands the challenges of Islamic trading.
Thomas Papantoniou feels this is important. "The Middle East is key for us, not only as interest in forex is high, but as we have a reputation as the leading Islamic broker and have a loyal client base. This region has many serious traders who seek good support and competitive conditions, who become loyal when pleased with their service. This has helped us expand greatly in this region."
After winning 3 awards in a few short months, including twoExcellence awards for Islamic Forex Broker and Forex Broker in the Middle East at the 2011 IBTimes Trading Awards, Tadawul FX is ideally placed to further grow its customer basearound the region and beyond.
About Tadawul FX:
Tadawul FX is a forex broker. TDFX is licensed and regulated by the Cyprus Securities & Exchange Commission (license number 103/09) and is registered with the UK Financial Services Authority (FSA) with registration number 516667, as well as German regulators BAFIN (Reg 123252).
The Tadawul FX website in Arabic can be found on http://www.tadawulfx.com/public/ar/ .
SOURCE Tadawul FX