Online Forex Broker Tadawul FX Opens Offices For Online Forex Traders in Hungary

(PRWEB) April 12, 2010

Online forex broker Tadawul FX continued its aggressive expansion plans with the official opening of its representative offices in Budapest, Hungary on 22nd March, 2010, in order to better serve the emergent market there.

Ramzi Chamat, CEO of Tadawul FX, often referred to as TDFX, explained how necessary it was to keep up with the developing European markets, even if such development was occuring at a more rapid rate than expected. Indeed, it's a couple of years ago that the Tadawul FX head offices were moved from Switzerland to Cyprus to cope with growing demand.

“We at Tadawul FX have always maintained the highest level of online forex services to our traders. If the market increases, we're obligated to fulfil our promise of being a provider of a comprehensive range of forex trading services, regardless of where that interest originates.”

“Hungary is a country of extreme potential and with its exponential growth rate over the past twelve months and increased interest in Tadawul FX as a result of that growth, the decision wasn't a difficult one.

it's a bold move in an industry fraught with instability. Yet Ramzi remains unphased.

“Tadawul FX has already established a reputation for itself as a reliable, consistent and safe forex broker. it's a leader in the forex trading industry with its provision of state-of-the-art technology, outstanding customer service. Desirable products and services.”. Ramzi says. “we're extremely happy to be able to extend this offering further in Eastern Europe via the Hungarian gateway.”

An online forex broker which is both licenced and regulated, Tadawul FX will provide customer support around the clock in Hungary, employing a team of forex and finance specialists recruited locally.

With Hungarian trading accounts and procedures occuring in the local language, customer support in Hungary will be available 24 hours a day. Ramzi believes that the round the clock support is essential to the success of the TDFX Budapest representative offices, located in the exclusive business centre, Capital Square in Váci út.

Heading up the team is office manager Erika Óvári.

“Dedicated to providing superior customer service and with a decade of experience and proven track record in forex trading, Erika was an obvious choice.”. Says Ramzi of the responsible officer.

“We've worked very hard to be able to offer our clients increased security and are able to also offer an investor compensation fund. They're reassured by our EU licence that we adhere to the stringent regulations and fulfil the requirements of CySec and the MiFID Directive. Our plans were to move forwards and that's what we're doing.”

“we're not about to slow down now.”

Tadawul FX offices in Hungary are located at:

Capital Square,

Váci út 76, 3rd Floor,

1133 Budapest,


The offices will operate four telephone lines in addition to virtual support via email:

+36 1 883 0397

+36 1 883 0364

+36 1 883 0331

+36 1 883 0320

Email: hungary(at)tadawulfx(dot)com

Says Ramzi, “We look forwards to welcoming even more traders from Hungary and to continue providing them with excellent investment products and customer service in the online forex sector.”.

All account procedures, trading and administration will continue to be executed by the head offices in Cyprus. Hungarian clients will be able to contact their local representatives for further information on Tadawul FX and support in their own language.