CFI Financial, a brokerage firm, has released its financial results report for the first quarter of 2023, demonstrating considerable growth in trading volumes and active clients.
The company's trading volume for the reporting period increased by 57% on an annual basis, while the number of active accounts on its platform grew by 147%. At the same time, the number of new accounts increased by 68% in the first quarter.
However, as reported by Finance Magnates, CFI Financial did not provide exact figures, only stating that the growth was due to the well-coordinated work of the team and quality service delivery.
These figures are a logical continuation of the broker's development since 2022, when it reported a 94% increase in trading volume and a 155% increase in the number of new clients year-on-year in the first three quarters.
The broker is seeking to expand and strengthen its presence in the MENA region, for which it acquired Egyptian broker El Mahrousa.
"We are proud of our achievements so far, but we know that there is always more to be done," said Hisham Mansour and Eduardo Fakhoury, founders of CFI Financial Group.
CFI Financial Group provides services in more than 100 countries and offers its clients access to a wide range of trading instruments, professional client support, daily technical analysis data, free webinars and convenient trading with minimal spreads and no additional fees.