We are delighted with the large increase in both our clients and trading volume and the recognition we have received from our industry peers. We will of course continue these efforts in 2012 with renewed vigor.

Limassol, Cyprus January 16, 2012

In a climate of financial turmoil, the Forex trading industry has continued to grow both in size and volume and at the end of 2011, Tadawul FX is looking at the results of what was a very productive and exciting year for the company. The record year saw an 81% increase in trader numbers, a 51% increase in trading volumes and received numerous awards, amongst them the prestigious World Finance 100 Award. The number of traders continues to increase as Tadawul FX expands its services and demonstrates its commitment to excellent customer support.

The expansions and milestones achieved by Tadawul FX during this year include the launch of several new instruments including some new exotic currency pairs and new commodities, as well as the introduction of several new cross-currency pairs in its key markets such as Hungary (HUF) and Russia (RUB). The company also finalised the launch of its Russian and Arabic websites, and received various awards including the Excellence Award for Islamic Forex Broker and the Excellence Award Forex Broker Middle East.

Again, proving its dedication to customer support, one of the most significant additions to the Tadawul FX service this year was the launch of its MT4 mobile trading applications now available in 10 languages, making it possible for clients to trade on the iPhone, iPad, Android, Blackberry, and Windows Mobiles. All the Tadawul FX mobile applications are available to clients for free. The company also released its Web Trader platform to allow its traders to trade, how, when and as often as they like with no restrictions on where they access their trading platform from. The Web Trader and mobile applications were received very well by traders, allowing them to keep better track of equity and respond faster to market movements.

Chief Operations Officer of Tadawul FX Thomas Papantoniou stated, “Our continual adaptation in order to accommodate our traders is of utmost importance to us. Over the past year we have committed to meeting their needs and demands, and reflecting on the past year, I’m happy to say we have succeeded in doing so. We are delighted with the large increase in both our clients and trading volume and the recognition we have received from our industry peers. We will of course continue these efforts in 2012 with renewed vigor.”

2011 was also a very productive year for partnerships as in the second half of 2011 Tadawul FX announced its partnerships with both Commerzbank and Russian Commercial Bank. Commerzbank, a leading German financial institution, provided traders with another safeguard and further security in these financially turbulent times, and the partnership with Russian Commercial Bank facilitated all transfers from Russia, which is a fast-growing market for the company.

Stavros Yiannakou, Chief Executive Officer of Tadawul FX commented on 2011, “As seen by the developments, expansion, awards and milestones achieved in this record year, Tadawul FX is firmly placed as a premier Forex broker with a very impressive portfolio and track record of proven customer commitment and support. 2012 will yet again see our continued efforts to provide even more innovative and attractive services to all our traders, by continuing to demonstrate dedication to offering a first class trading experience.”

About Tadawul FX:
Tadawul FX Ltd is an online forex broker. Tadawul FX Ltd 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).