Online Forex Broker Tadawul FX Wins Excellence Awards at 2011 IB Times Trading Awards

By Tadawul Fx, PRNE
Sunday, June 5, 2011

LIMASSOL, Cyprus, June 6, 2011 -

-Tadawul FX Ltd, a Leading European Online Forex Broker Offering Forex,
CFDs and Commodities Trading is Pleased to Announce That it has Received two
Excellence Awards for Islamic Forex Broker and Forex Broker in Middle East at
the 2011 IBTimes Trading Awards.

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 ( at the 2011 IB Times 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 IB Times. "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 IB Times Trading Awards winners is available on
the official awards website (

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

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)
registration number 516667, as well as the German regulators BAFIN
(Reg 123252).

(Due to the length of this URL, it may be necessary to copy and paste
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For more information, visit (
or contact Tadawul FX at or telephone: +357-25-200-920.
Maketing contact: e-mail Tel + 357-25200900

Kate Alippa, Head of Marketing & PR

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