Ramallah – Ma’an – CFI, the region’s leading online trading provider, continues its remarkable momentum from the first quarter of 2024, achieving unprecedented achievements and setting new records in the second quarter of 2024. This quarter’s achievements reinforce CFI’s commitment to excellence, innovation and expanded growth in all areas of its operations.
Record breaking performance
In Q2 2024, CFI set a new record for trading volume of $766 billion, representing a staggering 37% growth from Q1 2024 and a remarkable 139% increase from Q2 2023. This outstanding performance underscores CFI’s ability to attract and retain clients in a highly competitive market, demonstrating its strong market presence and customer loyalty.
Furthermore, the group witnessed a 98% growth in active clients and a 135% increase in new clients compared to Q2 2023. These impressive numbers reflect CFI’s growing influence and the effectiveness of its growth strategies.
Boosting global reach through key partnerships
CFI continues
to strengthen its global influence through strategic partnerships. The Group has partnered with seven-time Formula 1 World Champion Lewis Hamilton as its global brand ambassador. This move reinforces CFI’s vision and is in line with its ongoing commitment to innovation.
In addition, CFI has become a partner of the FIBA ??Wasel Championship, contributing to supporting sporting excellence and engaging with fans across the Middle East. CFI also announced a strategic partnership with the Department of Culture and Tourism – Abu Dhabi to sponsor sporting and cultural events, highlighting its dedication to community engagement and cultural enrichment.
In the same quarter, CFI announced a series of prestigious advertising agreements with leading airlines in the MENA region, including Emirates, Etihad Airways, Qatar Airways, Royal Jordanian, and Middle East Airlines (MEA). CFI also revealed its integration with the global TradingView platform, marking a significant step in providing advanced trading platforms and in
novative features to its clients.
In addition, CFI has expanded its partnership with AC Milan to include sponsorship of the new AC Milan Global Academy in Dubai, UAE, reflecting its commitment to developing the sport and fostering global collaboration.
Strategic investments and market expansion
In a recent strategic move that required a lot of work and preparation in Q2, CFI acquired AzFinance InveStisiya Sirk?ti in Azerbaijan, becoming the first global brokerage firm to establish a locally licensed presence in the country. The acquisition underscores CFI’s commitment to serving local markets, offering a comprehensive suite of trading products, and contributing to Azerbaijan’s economic growth. The rebranding and launch of services is expected to take place in Q4 2024. In May, CFI expanded into South Africa and was granted a Category 1 Financial Service Provider (FSP) license from the FSCA, highlighting the company’s commitment to meeting high regulatory standards and providing safe, transparent, and reliab
le trading services across the African continent.
In addition to its market expansion, CFI is investing in advanced technology and infrastructure to support its growing client base and diversify its offerings. These initiatives are part of CFI’s strategy to provide superior trading services to traders around the world and strengthen its global footprint.
Looking to the future
Commenting on the group’s achievements in Q2 2024, Hisham Mansour, Co-Founder and CEO of CFI, said’Our record results in Q2 are a testament to our unwavering commitment to innovation and client empowerment. Our strategic acquisitions and continued expansion into new markets reflect our commitment to becoming the world’s leading investment and trading brand. We are empowering traders with cutting-edge technology and exceptional services, reaffirming our vision and strategy as we lead the global trading industry into a new era of excellence.’
These achievements demonstrate CFI’s relentless pursuit of excellence and innovation, further
cementing its position as a global leader in trading. With strategic expansions, key partnerships and continued investment in technology, CFI is well positioned to meet the evolving needs of traders around the world.
About CFI Financial Group
CFI Financial Group is the leading financial brokerage firm in the MENA region with over 25 years of experience, leading the industry with the largest number of licensed firms and regional offices, including key locations such as London, Dubai, Larnaca, Beirut, Amman and Cairo. The company offers online trading services across a wide range of markets, including equities, currencies and commodities, and offers highly competitive trading conditions, including zero pips spreads, as well as commission-free trading. The company demonstrates its leadership through its trading platforms and the development of advanced tools and applications. CFI strongly supports elite sports, partnering with prominent sports organizations such as AC Milan, FIBA ??and Wasl. The company is pro
ud to appoint seven-time Formula 1 World Champion Lewis Hamilton as its global brand ambassador, reflecting a shared commitment to excellence and innovation. In addition, CFI is actively involved in numerous Corporate Social Responsibility (CSR) initiatives in the communities in which it operates.
SourceMaan News Agency