CFI 2024 Q2 Breaks Record Again

CFI, the region’s leading online trading provider, continued its strong momentum from the first quarter of 2024 with unprecedented achievements and set new records in the second quarter of 2024. The achievements this quarter reinforce CFI’s commitment to excellence, innovation and expanding growth in all areas of its operations.

Record-breaking performance

In the second quarter of 2024, CFI set a new record of $766 billion in trading volume, an increase of 37% from the first quarter of 2024 and 139% from the second quarter of 2023. This outstanding performance highlights CFI’s ability to attract and retain clients in a highly competitive market and demonstrates its strong market influence and customer loyalty.

Furthermore, the Group saw a 98% increase in active clients and a 135% increase in new clients compared to the second quarter of 2023. These impressive figures reflect CFI’s growing influence and the effectiveness of its growth strategy.

Strengthening global presence through key partnerships

CFI continues to grow its global presence through strategic partnerships. The Group has partnered with seven-time Formula 1 World Champion Lewis Hamilton as a global ambassador for the brand. This move reinforces CFI’s vision and is in line with its ongoing commitment to innovation.

Additionally, CFI becomes a partner of the FIBA ​​Wasser Championship, contributing to supporting sporting excellence and connecting with fans across the Middle East. CFI also announced a strategic partnership with the Department of Culture and Tourism – Abu Dhabi to sponsor sports and cultural events, underscoring its commitment to community engagement and cultural enrichment.

During the same quarter, CFI announced a number of prestigious advertising deals with leading airlines in the MENA region, including Emirates, Etihad, Qatar, Royal Jordanian and Middle East Airlines (MEA). CFI also revealed its integration with the global TradingView platform, a major step in providing clients with advanced trading platforms and innovative features.

Additionally, CFI has expanded its partnership with AC Milan to include sponsorship of the new AC Milan Global Academy in Dubai, UAE, demonstrating its commitment to growing the sport and strengthening global collaboration.

Strategic investment and market expansion

In a recent strategic move that required considerable work and preparation during the second quarter, CFI acquired AzFinance InveŞtisiya Şirkəti in Azerbaijan, becoming the first global trading company to establish a local authorized presence in the country. The acquisition highlights CFI’s commitment to serving the local market, providing a comprehensive range of trading products, and contributing to Azerbaijan’s economic growth. The rebranding and service launch is expected to take place in the last quarter of 2024. Last May, CFI expanded its operations to South Africa and received a Tier 1 Financial Services Provider (FSP) license from the FSCA, highlighting the company’s commitment to meeting high regulatory standards and providing secure, transparent, and reliable trading services across the African continent.

In addition to market expansion, CFI is investing in advanced technology and infrastructure to support its growing client base and diversify its product offerings. These initiatives are part of CFI’s strategy to provide premium trading services to traders around the world and strengthen its global footprint.

Looking ahead

Commenting on the Group’s achievements in the second quarter of 2024, Hisham Mansour, Co-founder and CEO of CFI, said: “Our record second quarter performance is a testament to our strong commitment and strategic acquisitions to innovation and client empowerment. The continued expansion into new markets reflects our commitment to becoming a global leader in the investment and trading space, and our focus on providing traders with the latest technology and exceptional services reaffirms our vision and strategy to lead the global trading industry into a new era of excellence.”

These achievements reflect CFI’s relentless pursuit of excellence and innovation, solidifying its position as a global trading leader. Thanks to strategic expansion, 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 a leading financial brokerage firm in the Middle East and North Africa region with over 25 years of experience, the largest number of licensed companies and regional offices, including major locations such as London, Dubai, Larnaca, Beirut, Amman and Cairo, leading the industry. The company provides online trading services in a wide range of markets, including stocks, currencies and commodities, and offers highly competitive trading conditions, including zero spreads and commission-free trading. The company demonstrates its leadership through the development of trading platforms and advanced tools and applications. CFI is a strong supporter of elite sports and has established partnerships with famous sports organizations such as AC Milan and FIFA Wasl. The company is proud 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 many corporate social responsibility (CSR) initiatives in the communities where it operates.