CFI Financial Group has announced the expansion of its UAE-regulated entity, CFI Financial Markets LLC (CFI UAE), into Abu Dhabi in a strategic move that deepens the CFD broker’s presence in the United Arab Emirates.
The online trading provider’s UAE subsidiary operates under the prestigious Category One license granted by the UAE’s Securities and Commodities Authority (SCA).
According to the broker, the SCA license has been vital to its operations, ensuring clients benefit from secure, transparent, and high-standard financial services. Now, expanding into Abu Dhabi will bring these services closer to clients in the headquarters’ home capital, enhancing accessibility and support.
“Abu Dhabi is a key milestone in our UAE growth strategy”
Hisham Mansour, Co-founder and Managing Director of CFI, said: “Expanding into Abu Dhabi is a key milestone in our UAE growth strategy. We are thrilled to be closer to the heart of the city and our valued client base in Abu Dhabi. This vibrant capital is a pivotal market for us and a hub of innovation and progress. This move allows us to serve our clients better while contributing to Abu Dhabi’s ongoing development as a regional leading financial and cultural center.”
Jareer Hiary, CEO of CFI UAE, commented: “Our presence in Abu Dhabi reinforces our dedication to the UAE’s economic growth and our role as a leader in the online trading services industry. We are eager to play a more direct role in the capital’s development while continuing to offer our clients world-class trading conditions.”
The expansion into Abu Dhabi comes on the heels of CFI’s recently signed multi-year collaboration with the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) to sponsor a series of prestigious events throughout 2024 and 2025 as part of its efforts to support Abu Dhabi’s cultural and economic landscape.
CFI has been around for more than 25 years and operates regulated entities and regional offices in key locations such as London, Dubai, Larnaca, Beirut, Amman, and Cairo.
The brokerage firm specializes in online trading services across equities, currencies, and commodities, offers competitive pricing, including zero-pip spreads and no commission fees, and boasts AI-driven trading tools and applications.
CFI entered Azerbaijan through AzFinance
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.
