CFI recently entered the Azerbaijan brokerage space through the acquisition of AzFinance İnveŞtisiya Şirkəti (AzFinance Investment Company). The leader in online trading is the first international company to establish a local presence in Azerbaijan as the brokerage brand looks to become one world’s largest names for all things investing and trading.
The expansion into Azerbaijan highlights the country’s growing importance in the global financial landscape, with an increasingly dynamic market, strategic location, and robust economic growth presenting numerous opportunities for both local and regional traders.
With over 25 years of experience, CFI is establishing its presence there via AzFinance İnveŞtisiya Şirkəti, a brokerage firm licensed and regulated by the Central Bank of Azerbaijan. CFI will carry out the necessary financial and investment services, under license number ISN/L-7/2016. AzFinance, the newly acquired company, will be rebranded after the acquisition to reflect its integration into the CFI Group. The rebranding and launch of services are expected in Q4 2024.
CFI keeps expanding in product offering and regulatory licenses
This acquisition continues CFI’s international expansion strategy, building on the significant growth in the past year, which saw the group launch in four new markets, including Egypt, Kuwait, Oman, and Palestine.
The move signifies the group’s commitment to offering world-class trading solutions and localized support, ensuring that traders in Azerbaijan and beyond can thrive in the dynamic world of online trading.
CFI Financial Group boasts several regulated entities and regional offices, including in key locations such as London, Dubai, Larnaca, Beirut, Amman, and Cairo.
Specializing in online trading services across equities, currencies, and commodities, CFI offers highly competitive trading conditions, including zero-pip spreads and no commission fees.
The brokerage firm, which recently added TipRanks on MetaTrader, an AI trading tool, and TraderEvolution to its suite of trading platforms, secured a Category One license from the UAE’s SCA as well as a Category 1 FSP license from South Africa’s FSCA.
