Leading online foreign currency trading firm, Advanced Currency Markets (ACM) was named the Best Forex Broker in the Middle East at the recent Banker Middle East awards in Dubai.

The win was one of two top awards in the foreign exchange industry for ACM, which also won for the second year in a row the Best Forex Trading Platform trophy.

A Swiss-based company, with offices in spread across four continents including one each in New York and Dubai, ACM was singled out for its leadership role in promoting responsible foreign currency brokerage, and raising awareness about currency exchange as an alternative investment option, given the current crisis situation.

'Ours is the easiest and most user-friendly platform to use in terms of processing transactions, as well as the best in terms of handling huge volumes of data and information traffic,' stated Saber Daboussi, ACM’s chief for the Middle East and Asia markets.

'In Europe, our platform is considered the best in the industry, and now it as well considered the benchmark in the Middle East foreign currency exchange market.”

As the global economy continues to slide, investors are finding a lucrative alternative in the foreign currency trading business, which has become the world’s largest financial market, with volumes reaching over $3 trillion daily, far ahead of the volumes traded on the New York Stock Exchange, the world’s largest equity market with daily trading volumes in the $60 to $80 billion dollar range, he added.

Banker Middle East Product Awards is one the most highly sought awards in the banking and finance industries in the region.-TradeArabia News Service