CFI Financial reports healthy operational metrics as trading volume doubles

abdelaziz Fathi

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

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 made a number of senior executive moves in recent months. That included the hiring of Chirine Daoud as MENA Marketing Director, Stelios Thrasyvoulou as CTO, and Karim Malas as its new global head of operations.

Read this next

Digital Assets

Flock.io and io.net Unite to Pave the Way for Decentralized AI Development

In an effort to create a community-driven Flock.io platform for on-chain, decentralized AI models; the leaders have decided to join hands with io.net to power Flock with decentralized computing.

blockdag

Crypto 2025: The Action Points to Follow to Capitalize on Bitcoin and BlockDAG Network’s 2025 20000X ROI Predictions

In this analysis, we delve into the price predictions for Bitcoin and BlockDAG Network, and we explore the factors driving these projections while offering actionable insights for investors that are looking to capitalize on the 20000x potential of these projects.

Retail FX

Orfinex joins Financial Commission as approved broker member

Multi-asset brokerage firm Orfinex has become a member of the Financial Commission, joining the ranks of the self-regulatory organization. This accreditation reassures traders that the firm meets the quality standards set by the commission.

Fintech

Telegram CEO’s Bitcoin stash valued in hundreds of millions

Telegram CEO Pavel Durov revealed that he has held several hundred million dollars in fiat and bitcoin for the past decade.

Digital Assets

Bitcoin drops below $60K as halving just 300 blocks away

Bitcoin fell below the $60,000 mark on April 17, just days before a scheduled reduction in mining rewards, known as the “halving,” which is set to occur on April 20.

Chainwire

New Meme Coin ICO Dogeverse Raises $6 Million After Completing Coinsult Audit

A new multichain meme coin, Dogeverse, has raised $6 million in its presale and recently passed a smart contract audit.

The new meme coin leverages bridge technology, ensuring the token is available across the most prominent on-chain markets.

Retail FX

Interactive Brokers posts Q1 earnings, raises dividend

Interactive Brokers Group Inc (NASDAQ:IBKR) announced its first-quarter financial results for the period ending March 31, 2024. The leading automated global electronic broker reported a GAAP diluted EPS of $1.61 and an adjusted EPS of $1.64.

Fundamental Analysis, Tech and Fundamental

Global FX Market Summary: USD, FED, Gold  April 17 ,2024

The Fed’s hawkish stance on interest rates is strengthening the US dollar while central banks globally grapple with inflation and economic growth.

Digital Assets

Kraken launches self-custodial wallet, joining competitors like Coinbase

Kraken, the second-largest U.S.-based cryptocurrency exchange, has introduced its own digital wallet, aligning its offerings with those of competitors like Coinbase.

<