Forex
Advertisement

Brokers News

Tadawul FX named Best Islamic Finance Provider

Jun 28 2011 21:00:00 GMT
By
Stanimir Zhelev , ForexBrokerz.com Find me on Google+

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.
 
After winning 3 awards in a few short months, including two Excellence 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/ .
 
For information about Tadawul FX Islamic forex accounts, visit the website http://www.tadawulfx.com
 
SOURCE Tadawul FX
TAGS: tadawul fx  Best Islamic Finance Provider  forex  forex broker 

More news about TadawulFX

More Forex Brokers News

FxPro execution statistics for Q2 2016: Positive slippage continues to grow, requotes shrink further

Aug 22 2016 13:10:11

Keeping in line with its transparency policy, leading EU broker FxPro has reported key execution statistics for the second quarter of 2016, ending June 30. Read more

FXCM adds Grid Sight Index to Trading Station platform

Aug 11 2016 14:36:58

Leading US brokerage FXCM always tries to improve the trading experience of its clients. After it joined the popular social trading trend earlier in July, now it launched Grid Sight Index on its Trading Station platform free of charge. Read more

FXCM’s client deposits wane in June, but it’s still number one in the US

Aug 11 2016 13:54:41

We regularly keep an eye on client assets handled by largest US brokers and the latest US Commodity Futures Trading Commission (CFTC) report on Futures commission merchants (FCMs) reveals an overall shrinking retail forex market. Read more

Gain Capital’s net income rises 28.6% in Q2 2016

Aug 05 2016 13:10:41

The second largest forex brokerage in the US in terms of trading volume and retail client assets, Gain Capital Holdings Inc. (NYSE:GCAP) a.k.a Forex.com, announced its financial results for Q2 and half-year of 2016 on Thursday. Read more

FXTM changes margin requirements for gold and silver

Aug 05 2016 13:00:06

Leading EU broker FXTM informed its clients on Thursday that it will change its Margin Requirements for Spot Metals on all servers except Pro, as of August 10, 2016.  In fact, the margin requirements for these products are hiked significantly. Read more

Gain Capital’s July retail forex volumes continue downtrend, institutional segment performs better

Aug 05 2016 12:42:30

Except for the financial results for the first half and Q2 of 2016, Gain Capital a.k.a. Forex.com  announced its July Operating Metrics on Thursday. According to the announcement, Gain Capital’s retail trading volume amounted $212.7 billion in July, 8.2% down MoM and 44.3% YoY. Read more

FXCM reports $60.5 million net profit in Q2, Leucadia expects full repayment of the loan in 2017

Aug 04 2016 15:28:43

Leading US forex broker Forex Capital Markets, aka FXCM (NYSE:FXCM), announced key July trading metrics and financial results for Q2 of 2016. FXCM reported a $60.5 million net profit on revenues of $70.6 million for the second quarter of the year. Read more

FXCM UK order execution saves its customers over 150 million in a year and a half

Aug 03 2016 16:47:31

  FXCM’s UK unit published a study on its website on Tuesday on the quality of its retail order execution in terms of pricing. Read more

FXTM acquires forex license from South Africa’s FSB

Aug 02 2016 12:59:16

After officially launching a UK division in April this year, Cypriot broker FXTM continues its ongoing global expansion in South Africa. Read more

FXTM’s clients are now able to use hedging on MT5

Jul 26 2016 12:40:16

MetaTrader 5 is gaining a momentum, due to the number of enhancements made by its developer MetaQuotes lately, and most notably the hedging option finally added to it. That is why ForexTime, a.k.a. Read more