Leading online trading provider CFI has announced its successful expansion into South Africa. The company said the move marks an important milestone in the group’s strategic global growth and underlines CFI’s commitment to expanding its reach on the African continent. Licensed as a Financial Services Provider (FSP) category 1 by the Financial Conduct Authority (FSCA), CFI confirms its compliance with strict regulatory standards and its commitment to excellent trading and investment services, security, transparency and reliability.
With FSCA license in hand, CFI Financial (PTY) LTD, now an authorized South African FSP (FSP No. 53711), is actively preparing to commence operations in South Africa. This preparation includes the creation of the necessary infrastructure and systems to deliver superior trading technology and innovative financial solutions to South African traders.
Hisham Mansour
“This significant achievement underscores our relentless commitment to empowering traders worldwide while giving them a competitive edge in the markets,” said Hisham Mansour, Co-Founder and CEO of CFI. “With industry-leading terms, the group remains at the forefront of the industry, leveraging its 25-year impeccable reputation to provide unparalleled trading and investment services and financial education, affirming our mission to empower traders worldwide with world-class financial services.” Hisham added.
This development is part of CFI’s wider strategy to deepen its impact across Africa, building on the successful launch of CFI Egypt in 2023 and its expansion to Kuwait, Oman and Palestine in the same year. The new presence in South Africa further strengthens CFI’s position as one of the most comprehensively regulated groups in the industry worldwide.
The group’s strong portfolio includes valid global regulatory licenses from the Financial Conduct Authority (FCA) in the United Kingdom, the Securities and Commodities Authority (SCA) in the United Arab Emirates, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Jordan Commission Capital Market (JSC) in Jordan and the Financial Regulatory Authority (FRA) in Egypt, among others. These licenses underscore CFI’s commitment to the highest international standards of compliance and governance.
As CFI prepares to launch operations in South Africa, extensive market research has been conducted to ensure that offerings are tailored to the region’s unique requirements, demonstrating CFI’s adaptability and commitment to establishing a strong presence in sub-Saharan Africa. With South Africa leading the continent in online retail trading and investment, the robust regulatory environment overseen by the FSCA provides the optimal environment to enhance CFI’s leadership in trading and investment services.
About CFI
CFI Financial Group is MENA’s Leading Broker with over 25+ years of experience, leading the sector with the highest number of regulated entities and regional offices, including key locations such as London, Dubai, Larnaca, Beirut, Amman and Cairo. Specializing in online trading services across a wide range of markets including stocks, currencies and commodities, CFI offers highly competitive trading conditions including zero pip margins and no commissions. The company is a pioneer in integrating artificial intelligence into commerce and developing advanced tools and applications. CFI is committed to excellent customer service and provides 24/7 support, detailed technical reports and educational webinars. CFI strongly supports elite sports, forging partnerships with prominent global teams such as AC Milan, Paris Saint Germain and Sheffield United, as well as national teams and confederations within MENA. The group is also committed to community involvement in the sectors in which it operates, actively participating in various Corporate Social Responsibility (CSR) initiatives.
