Main on-line buying and selling supplier CFI Monetary Group has introduced the addition of its latest Class One license, awarded by the UAE’s Securities and Commodities Authority (SCA).
The brand new license comes as CFI’s second within the nation, including to the Group’s spectacular arsenal of regulatory assist in a number of different jurisdictions, together with the UK, Cyprus, Lebanon, Jordan, Egypt, Palestine, Oman, Mauritius, and different jurisdictions.
Following the announcement, CFI’s Co-founder and Managing Director, Hisham Mansour commented:
“Acquiring the SCA license is a significant milestone for CFI. Class one is the best class license for our enterprise with the best paid-up capital necessities. It highlights our dedication to delivering secure and controlled entry to the monetary markets, and affirms our goal to stay facet by facet with our shoppers within the UAE. The addition of this license additional empowers our place within the area and permits us to serve our shoppers higher.”
“This marks our fifth entity launch this 12 months, following our profitable expansions into Egypt, Kuwait, Palestine, and Oman. Consequently, we now stand because the main dealer in MENA, holding the most important variety of licensed entities within the area.”
The transfer additionally represents a big step in CFI’s progress within the area, backing its dedication to providing distinctive buying and selling providers for its shoppers with belief and transparency at its core.
The SCA license is an esteemed worth for CFI, being granted in the identical nation because the Group’s Dubai headquarters. As a area fueled by innovation and technological development, the UAE has proved to be the perfect location to serve CFI’s consumer base within the Center East. The addition of its new SCA license is now set to increase the Group’s progress not solely within the UAE but additionally within the wider MENA area.
Nidal Abdel Hadi, CFI Dubai’s SCA licensed entity Chief Govt Officer, commented:
“The UAE is our house. Our goal is to leverage the area’s stability and in depth progress to offer the very best when it comes to our merchandise, platforms, buying and selling instruments, and consumer service. Not solely that, however as CFI appears to broaden and solidify its place in MENA, we imagine that gaining regional oversight from one of many UAE’s most revered monetary regulators is vital to reaching this.”
Since its institution in 1998, CFI has labored to offer a safe, secure, and clear medium to the worldwide markets with out compromising on market entry and buying and selling flexibility.
The corporate famous that CFI’s newest SCA license is proof of that, not solely offering an added layer of safety and safety for buying and selling shoppers, but additionally bringing unmatched entry to the worldwide markets when it comes to devices, instruments, and buying and selling assets.
With this, CFI ensures the optimum buying and selling situations for its shoppers, with the instruments they want to reach the worldwide monetary markets.
CFI Monetary Group is an award-winning buying and selling supplier with 25+ years of expertise working by totally different entities worldwide, together with London, Larnaca, Beirut, Amman, Dubai, Cairo, Port Louis, and others. CFI affords extremely aggressive buying and selling situations with spreads from zero pips, zero commissions, quick execution, and no minimal deposit throughout 26+ world markets, together with shares, foreign exchange, commodities, indices, ETFs & different monetary merchandise. CFI is proud to have established world partnerships, together with the Premier League’s Sheffield United, based again in 1889 within the birthplace of modern-day soccer, and the soccer legend Pep Guardiola. The Group has additionally just lately launched a number of thrilling academic and empowering initiatives, together with the CFI Buying and selling App, Capitalise.ai, TipRanks, and different instruments. CFI can be famend for its 24/7 consumer assist, every day technical stories, free webinars, and devoted account managers, making certain a best-in-class buying and selling expertise for its buying and selling shoppers unfold over 100+ international locations.