Thursday 14 / November / 2024
Dubai: CFI, the region’s leading online trading provider, sustains its remarkable momentum from Q2 2024, achieving unprecedented milestones and setting new records in Q3 2024.
This outstanding performance underscores CFI’s commitment to innovation and excellence in the ever-evolving online trading landscape.
Record-Breaking Performance
In Q3 2024, CFI recorded a milestone trading volume of $1.03 trillion, marking a remarkable 34.47% growth from Q2 2024 and a 129.4% surge compared to Q3 2023. This unprecedented performance testifies to the company’s strategic initiatives and its capability to meet robust market demand while consistently delivering exceptional trading solutions for its clients.
The group saw a rapid expansion of its client base with an increase of 45.93% in funded accounts from Q2 2024 and a 128.75% from Q3 2023. Active accounts grew by 28% this quarter and 110% year-over-year, signaling CFI’s relentless focus on both acquisition and retention, strengthened by innovative client engagement initiatives.
Expanding Global Presence Through Strategic Partnerships
In Q3 2024, CFI’s global footprint was further strengthened through strategic partnerships that boosted its leadership and brand visibility:
* Department of Culture and Tourism - Abu Dhabi Partnership: This collaboration to support events in the Emirate reinforces CFI’s status as a homegrown leader and commitment to local culture.
* USA Games in Abu Dhabi: As part of its extended partnership with DCT Abu Dhabi, CFI was the official partner of the USA Games held in July, enhancing its presence and support for international events in the UAE.
* Lewis Hamilton Joins as Global Brand Ambassador: The announcement of Lewis Hamilton, seven-time Formula 1™ World Champion, as CFI’s Global Brand Ambassador marks a milestone. Aligning with one of motorsport’s icons, CFI strengthens its brand association with excellence, precision, and resilience.
* UFC FIGHT NIGHT Sponsorship: As an extension of the DCT Abu Dhabi partnership, CFI’s involvement in UFC Fight Night in Q3 provided global exposure and reinforced its presence in elite sports.
* Jordan Football Association (JFA) Partnership Extension: CFI’s ongoing sponsorship of the Jordanian Pro League, now the ‘Jordanian Pro League - CFI’ for the next three seasons, highlights its commitment to regional sports development.
Strategic Market Expansion and Dominance
In Q3, CFI has made bold moves in expanding its market presence:
* Azerbaijan Acquisition: In a pivotal strategic move, CFI acquired AzFinance İnveŞtisiya Şirkəti (AzFinance Investment Company), making it the first international trading company to establish a local, regulated presence in Azerbaijan. This acquisition underscores CFI’s commitment to serve local markets while expanding its market reach, and providing localized trading services.
l UAE Expansion: CFI expanded its local operations from its Dubai headquarters to Abu Dhabi, further solidifying its position as a leading online trading provider across the Emirates.
Looking Forward
Commenting on the group’s Q3 2024 remarkable achievements, Hisham Mansour, Co-founder and Managing Director of CFI, said “Q3 has showcased our team’s dedication and innovation, pushing us to new heights, strengthening our foundation for future growth. As we look ahead to Q4, we are focused on building on this momentum by further expanding our reach, enhancing our partnerships, and continuously exceeding our clients’ expectations. Our strategic priorities remain centered on delivering unparalleled value and innovative trading solutions for our clients, and strengthening our position as a trusted online trading partner for traders worldwide.”
As CFI heads into Q4, the focus remains on strategic growth, market penetration, and cutting-edge trading solutions. With continued investment in technology, expanding partnerships, and a commitment to client success, CFI is set to sustain its upward trajectory and redefine excellence in the trading industry.
About CFI
CFI Financial Group is MENA’s leading online trading broker with over 25 years of experience, boasting the highest number of regulated entities and regional offices, including key locations such as London, Dubai, Larnaca, Beirut, Amman, and Cairo. Specializing in online trading services across equities, currencies, and commodities, CFI offers highly competitive trading conditions, including zero-pip spreads and no commission fees. The company is a pioneer in AI-driven trading tools and applications.
The group supports elite sports through partnerships with organizations like AC Milan and FIBA WASL. It proudly names Seven-Time Formula One™ World Champion Sir Lewis Hamilton as their Global Brand Ambassador, reflecting a shared commitment to excellence and innovation.
The group is also partnered with the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), demonstrating its commitment to promoting local culture and fostering community engagement. The group actively participates in various Corporate Social Responsibility (CSR) initiatives in the communities where it operates.
