Neuchatel, Switzerland (PRWEB) July 28, 2011

MIG BANK, the world?s first Forex broker to become a Swiss bank, has recently been awarded the Most Transparent Forex Provider Award by the prominent financial publication, Word Finance.

This is the third year World Finance has recognized excellence of trading practices in the FX industry. The institutions shortlisted were put forward by the World Finance readership via an online voting system and then selected based on research conducted by the judges? panel. This was headed by the Editor Alexander Redcliffe, with input from industry analysts, corporate executives and technology experts.

Hisham Mansour, CEO at MIG BANK was quoted in response to the result – “It’s great news to be rewarded for our efforts to become the most transparent Forex broker. Our clients have been enjoying these benefits for some time now, and to be recognised in the media as we strive forward with our core values is a great result for the team.”

The panel felt as the awards are based on objective and subjective factors it was only fair they considered several awarding criteria including: transaction volume, market share, global coverage, service and security, innovation and originality, market leadership, financial strength, platforms and technology infrastructure, level of regulatory transparency, and good governance.

The judges took into account the fact MIG BANK offer clients a range of services: