CFI Financial Group Secures Coveted Category One License in UAE

CFI Financial Group has recently achieved a significant milestone by securing a Category One license from the UAEs Securities and Commodities Authority (SCA), marking its second license in the UAE.

This recent licensing adds to CFIs already robust regulatory framework, spanning diverse jurisdictions like the UK, Cyprus, Lebanon, and various locations within the MENA region and beyond.

Since its establishment in 1998, CFI has remained steadfast in facilitating secure and transparent access to global markets. With over 25 years of experience and a global presence, CFI offers competitive trading conditions, broad market access, and an array of financial products. The company is recognized for its notable partnerships, including collaborations with the Premier Leagues Sheffield United and football icon Pep Guardiola.

Engaging actively in educational initiatives such as the CFI Trading App, Capitalise.ai, and TipRanks, CFI ensures clients are well-prepared for navigating the global financial markets.

Known for its round-the-clock client support, CFI provides a suite of services including daily technical reports, complimentary webinars, and dedicated account managers, ensuring a premier trading experience for clients spanning across 100 countries.

The year 2023 has proven significant for CFI's expansion, with entity launches in Egypt, Kuwait, Palestine, and Oman, cementing its position as a prominent broker in the MENA region, boasting the highest number of licensed entities there.

The acquisition of the SCA license reaffirms CFI‘s commitment to delivering exceptional trading services founded on trust and transparency. This aligns with the company’s regional growth strategy, reinforcing its mission to deliver outstanding client service.

The UAE, where CFI‘s Dubai headquarters are situated, plays a pivotal role in the company's operations. Nidal Abdel Hadi, CEO of CFI Dubai’s SCA-licensed entity, emphasized the UAE‘s significance in CFI’s expansion plans, stating that it serves as their base. He highlighted their intention to leverage the region‘s stability and extensive growth to provide high-quality products, platforms, trading tools, and client service. Additionally, securing oversight from one of the UAE’s esteemed financial regulators is deemed crucial as CFI seeks to expand and solidify its presence in MENA.

Hisham Mansour, Co-founder, and Managing Director of CFI, stressed that the Category One license underscores their commitment to providing secure and regulated access to financial markets. He expressed that obtaining the SCA license marks a pivotal achievement for CFI. Mansour noted that Category One signifies the highest category license for their business, entailing stringent capital requirements. This achievement further exemplifies their dedication to offering secure and regulated financial market access and reinforces their goal to stand alongside their UAE clients. He also emphasized that this additional license bolsters their position in the region, allowing them to better serve their clients.

Hisham additionally highlighted that this milestone marks their fifth entity launch this year. It comes after successful expansions into Egypt, Kuwait, Palestine, and Oman, positioning them as the leading broker in MENA. Consequently, they hold the largest number of licensed entities in the region.