CFI Financial secures Category One license from the UAE’s SCA
“The UAE is our home. Our aim is to leverage the region’s stability and extensive growth to provide the best in terms of our products, platforms, trading tools, and client service. Not only that but as CFI looks to expand and solidify 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.”
CFI Financial Group has recently obtained a Category One license from the UAE’s Securities and Commodities Authority (SCA). This achievement marks a significant milestone for CFI, being the second license it has secured in the UAE.
This new license adds to CFI’s already substantial regulatory framework across various jurisdictions, including the UK, Cyprus, Lebanon, and several others in the MENA region and beyond.
“The UAE is our home”
2023 has been a notable year for CFI’s expansion, with entity launches in Egypt, Kuwait, Palestine, and Oman. This growth consolidates CFI’s status as a leading broker in the MENA region, boasting the highest number of licensed entities there.
The acquisition of the SCA license reaffirms CFI’s dedication to offering exceptional trading services, characterized by trust and transparency. This aligns with the company’s growth strategy in the region and supports its mission to provide outstanding client service.
The UAE, being home to CFI’s Dubai headquarters, is pivotal to the company’s operations. Nidal Abdel Hadi, CEO of CFI Dubai’s SCA-licensed entity, emphasized the UAE’s role in CFI’s expansion plans. “The UAE is our home. Our aim is to leverage the region’s stability and extensive growth to provide the best in terms of our products, platforms, trading tools, and client service. Not only that but as CFI looks to expand and solidify 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.”
“Category one is the highest category license for our business with the highest paid-up capital requirements”
Hisham Mansour, Co-founder and Managing Director of CFI, expressed that this Category One license underlines their commitment to providing safe and regulated access to financial markets. “Obtaining the SCA license is a major milestone for CFI. Category one is the highest category license for our business with the highest paid-up capital requirements. It highlights our dedication to delivering safe and regulated access to the financial markets, and affirms our objective to remain side by side with our clients in the UAE. The addition of this license further empowers our position in the region and allows us to serve our clients better”.
“This marks our fifth entity launch this year, following our successful expansions into Egypt, Kuwait, Palestine, and Oman. Consequently, we now stand as the leading broker in MENA, holding the largest number of licensed entities in the region.” Hisham added.
Since its inception in 1998, CFI has been dedicated to providing a secure and transparent link to global markets. With over 25 years of experience and operations in various global locations, CFI offers competitive trading conditions, extensive market access, and a range of financial products. The company is known for its partnerships, including with the Premier League’s Sheffield United and football legend Pep Guardiola.
CFI actively engages in educational initiatives, including the CFI Trading App, Capitalise.ai, and TipRanks, among others, ensuring clients are well-equipped for global financial market trading.
Renowned for its round-the-clock client support, CFI offers an array of services such as daily technical reports, free webinars, and dedicated account managers, ensuring a top-tier trading experience for its clients across over 100 countries.
CFI adds TraderEvolution to its suite of trading platforms
Last month, CFI Financial Group introduced its newest platform, TraderEvolution, which provides traders with access to global financial markets through a single account. The new terminal expands CFI’sproduct portfolio beyond its existing offerings, such as the CFI Trading App and MT5.
TraderEvolution offers a wide range of assets and trade types, including forex, CFDs, and local and global stock investing. One of the platform’s notable features is its ability to offer both leveraged and non-leveraged products within a single account. This feature allows traders to invest in physical stocks and trade leveraged CFDs, including forex, shares, indices, commodities, ETFs, and cryptocurrencies, all from the same account.
The launch coincided with the release of the latest version of the TraderEvolution trading platform, which included enhancements to its back-office solution, web-based front-end user interface, and its full functionality mobile trading application.
The launch of TraderEvolution aligns with CFI Financial Group’s strategy to provide its clients with access to a wide range of asset classes, including CFDs on equities and indices, leveraged FX and metals, as well as futures and listed options.