CFI Financial Group reported highest-ever quarterly trading volume of $1.12 trillion, up from $1.03 trillion in the third quarter, as the online trading provider expanded its geographic footprint.
CFI Posts Record $1.12 Trillion Trading Volume
The Dubai-based company’s second-half volume reached $2.15 trillion, according to figures released today (Wednesday). It was a jump of more than 140% compared to the same period a year earlier. CFI also reported a 27% quarter-over-quarter increase in active clients and a 39% rise in client deposits during Q4.
“With an all-time high in trading volumes, exponential growth in active clients, and significant global expansion, CFI has set new industry benchmarks, solidifying its position as a dominant force in online trading,” CFI commented.
Moreover, the firm established regulated operations in Azerbaijan during the quarter through a new subsidiary, CFI Financial Investment Company, and launched services in South Africa. It also added a third UAE location in Sharjah, supplementing existing offices in Dubai and Abu Dhabi.
Exec Moves and Updates
The company made several executive appointments, naming Ilgar Rustambayli to lead Azerbaijan operations and Zihaad Israfil as CEO of the South African business. Ziad Melhem joined as chief marketing officer.
“With their full dedication, they bring unique strengths that complement our senior management, positioning us to drive CFI toward even greater achievements and reinforce our leadership and innovation in the trading industry,” said Hisham Mansour, Co-founder and Managing Director of CFI.
CFI, which provides trading in currencies, equities and commodities, introduced a client rewards program and launched an educational initiative focused on market awareness. The firm also formed marketing partnerships with sports properties, including Formula 1 driver Lewis Hamilton and cricket team MI Cape Town.
“Building on this extraordinary year, CFI remains committed to sustained growth, technological innovation, and expanding its reach in key markets. With new initiatives in the pipeline, CFI is poised to redefine excellence in the online trading industry in 2025 and beyond,” the company concluded.
Founded in 1998, CFI operates regulated entities in multiple jurisdictions including the UK, UAE, Jordan and Lebanon. The company offers retail trading services through its online platform with features such as zero-spread accounts and commission-free trading on certain products.
This article was written by Damian Chmiel at www.financemagnates.com.BrokersRead More
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