With its FSCA Category 1 Financial Service Provider (FSP) license, Credit Financier Invest (CFI) Ltd., a leading broker in the global financial market, continues to expand its presence on the African continent.
Broker CFI has taken an important step in its development by obtaining a license from the Financial Sector Conduct Authority (FSCA) of South Africa. This opens up new horizons for the company in one of the world's most promising markets, reports Zawya.
The FSCA license is a sign of the high standards of security and reliability of the services the broker offers to its clients. For CFI, it is also an opportunity to expand its operations in the region, offering local investors access to international financial markets under the strict supervision of a reputable regulator.
The expansion of its footprint is part of CFI's global strategy to deepen its coverage in Africa, starting with the successful launch of CFI Egypt in 2023 and expanding to Kuwait, Oman, and Palestine in the same year. The presence in South Africa further strengthens CFI's status as a regulated company.
CFI's key growth areas in South Africa will be:
Expanding the financial product offering to include local equities and currency pairs, allowing clients to diversify their investment portfolios.Train and support traders of all levels to improve their financial literacy.Partnering with local financial institutions to increase access to global markets.
Hisham Mansour, Co-Founder and Managing Director of CFI, commented, "This significant achievement underscores our relentless commitment to empowering traders worldwide and giving them a competitive edge in the markets. With an industry-leading environment, the Group remains at the forefront of the industry, leveraging its 25-year impeccable reputation for providing unparalleled trading and investment services and financial education, reaffirming our mission to empower traders globally with world-class financial services."
CFI's expansion into South Africa will provide local clients with new investment opportunities and increase their confidence in financial stability with the support of a proven international broker. It will also stimulate competition among local brokers, encouraging better service quality and innovative approaches.
The FSCA license opens up new prospects for CFI in the South African market, not only strengthening the company's position in the region but also providing its clients with access to a wide range of financial instruments and resources.
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