The hype around cryptocurrencies and other asset classes has drawn more traders to CFI Financial, the company said on Tuesday, with many others staying on to trade its products ranging from indices to commodities.
CFI Financial Group, a multi-regulated FX and CFDs brokerage firm, revealed that over a year-to-date basis, new customer acquisitions jumped by 155% in the first three quarters of 2022. The company also highlighted the progress it made against the group’s strategic roadmap, including plans for obtaining new licenses and opening new offices in MENA, Africa, and Latin America.
CFI Financial, a rival to Middle-East focused brokers like ATFX and ADSS, said the number of active accounts has grown by 80% during the same period. As a result, the company’s trading volumes swelled by 94% so far, even as trading frenzy that gripped markets in 2021 looks to have run out of steam elsewhere.
Commenting on the news, the Founders and Managing Directors of CFI Financial Group, Hisham Mansour and Eduardo Fakhoury said: “First of all, we are very proud of the entire CFI team for the amazing commitment to helping attain breakthrough results this year. We have been investing in technology, human resources, and marketing to support our growth plans. This is something we will continue doing in the coming years, in addition to expanding our presence into new markets while staying focused on bringing a world-class trading experience to our customers”.
Earlier this year, CFI Financial expanded its contracts-for-difference (CFDs) offering with the addition of 250+ cryptocurrency products on MetaTrader 5.
The range of cryptos offered by CFI not only includes the traditional products found across the industry but also presents its global clients with the opportunity to trade cryptocurrency CFDs paired against Gold and Dow Jones, to name a few.
The introduction of new instruments adds to the broker’s rapidly expanding suite of cryptos, following strong demand from clients over the past few months.
CFI Financial also continues to strengthen its personnel, having recently onboarded industry veteran Chirine Daoud to take on the role Marketing Director MENA. The appointment comes as CFI doubles down on promoting its franchise in the Middle East.
Chirine is a seasoned marketing specialist that has spent the bulk of her career, which dates back to 2006, promoting retail FX offerings in the region. Based out of Dubai, her portfolio includes different stints in marketing roles with HYCM, Advanced Currency Markets (ACM) and Alpari UK.