Leading electronic trading provider CFI Financial Group has announced the addition of its newest Class 1 licence, granted by the UAE’s Capital Markets and Commodities Authority (SCA).
The new license comes as CFI’s second in the country, adding to the Group’s impressive arsenal of regulatory support in several other jurisdictions including the UK, Cyprus, Lebanon, Jordan, Egypt, Palestine, Oman, Mauritius and other jurisdictions.
Following the announcement, CFI Co-Founder and CEO Hisham Mansour commented:
“Obtaining the SCA license is an important milestone for CFI. The first category is the highest license category for our business with the highest capital requirements. It underlines our commitment to providing safe and regulated access to financial markets and reaffirms our aim to stand side by side with our customers in the UAE. The addition of this license further strengthens our position in the region and allows us to better serve our customers.”
“This marks our company’s fifth launch this year, following our successful expansions into Egypt, Kuwait, Palestine and Oman. As a result, we now stand as the leading broker in MENA, holding the largest number of licensed entities in the region.”
The move also represents a significant step in CFI’s growth in the region, underpinning its commitment to deliver excellent commercial services to its clients with trust and transparency at its core.
The SCA license is an assessed value for the CFI, which is granted in the same country as the Group’s headquarters in Dubai. As a region fueled by innovation and technological advancement, the UAE has proven to be the ideal location to serve CFI’s Middle Eastern client base. The addition of the new SCA license is now set to expand the Group’s growth not only in the UAE but also in the wider MENA region.
Nidal Abdel Hadi, Managing Director of CFI Dubai’s licensed entity SCA, commented:
“The UAE is our home. We aim to leverage the region’s stability and extensive growth to provide the best in terms of our products, platforms, trading tools and customer service. Not only that, but as CFI looks to expand and consolidate its position in MENA, we believe that gaining regional oversight from one of the UAE’s most respected financial regulators is key to achieving this.”
Since its inception in 1998, CFI has worked to provide a safe, secure and transparent medium to global markets without compromising market access and trading flexibility.
The firm noted that CFI’s latest SCA license is proof of this, not only providing an added level of security and protection for trading clients, but also unparalleled access to global markets in terms of trading instruments, tools and resources.
With this, CFI ensures optimal trading conditions for its clients, with the tools they need to succeed in the global financial markets.
About CFI
CFI Financial Group is an award-winning trading provider with 25+ years of experience operating through different entities worldwide including London, Larnaca, Beirut, Amman, Dubai, Cairo, Port Louis and others. CFI offers highly competitive trading conditions with zero pips spreads, zero commissions, fast execution and no minimum deposit on 26+ global markets including stocks, forex, commodities, indices, ETFs and other financial products. CFI is proud to have established global partnerships including Premier League side Sheffield United, founded in 1889 in the birthplace of modern football, and football legend Pep Guardiola. The Group has also recently launched several exciting educational and empowerment projects, including the CFI Trading App, Capitalise.ai, TipRanks and other tools. CFI is also known for its 24/7 customer support, daily technical reports, free webinars and dedicated account managers, ensuring a best-in-class trading experience for its clients trading in over 100 countries.