CFI Financial Group is pleased to announce that it has been awarded a Category One license by the UAE Securities and Commodities Authority (SCA).
This license is the second for the broker in the UAE and adds to the group's extensive list of licenses in a number of countries, including the UK, Cyprus, Lebanon, Jordan, Egypt, Palestine, Oman, Mauritius, and others.
"Achieving the SCA Category One license is an important milestone for CFI. It underscores our commitment to providing safe and regulated access to the financial markets and reaffirms our goal to continue working side by side with our clients in the UAE. The addition of this license will further strengthen our position in the region and enable us to better serve our clients," said Hisham Mansour, Co-Founder and Managing Director of CFI.
"This is our fifth expansion this year, following successful launches in Egypt, Kuwait, Palestine, and Oman. As a result, we are now the leading broker in the MENA with the largest number of licensed companies in the region," he added.
This development is an important milestone in CFI's growth in the region and reaffirms the broker's commitment to providing its clients with exceptional trading services based on trust and transparency, Business News This Week reported.
The SCA license is a valuable document for CFI, as it is issued in the same country as the group's headquarters in Dubai. As a region that drives innovation and technological advancement, the UAE has proven to be an ideal location to serve CFI's client base in the Middle East. The new SCA license will allow the group to continue its growth not only in the UAE but throughout the MENA region.
"The UAE is our home. Our goal is to leverage the stability and significant growth of the region to provide the best in terms of our products, platforms, trading tools, and client service. Moreover, as CFI seeks to expand and strengthen its position in the MENA, we believe that gaining regional oversight from one of the UAE's most respected financial regulators is key to achieving this goal," said Nidal Abdel Haadi, CEO of the SCA-licensed CFI Dubai division.
The new license underscores CFI's commitment to creating a safe, secure, and transparent environment in global markets. It also enables the brokerage's clients to access the best trading conditions and tools needed to achieve their success.
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