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CFI Financial Group

From Wikipedia, the free encyclopedia
CFI Financial Group
Company typePrivate
IndustryFinancial services
Founded2015
HeadquartersDubai, United Arab Emirates
Area served
Worldwide
Key people
Hisham Mansour, Eduardo Fakhoury
ServicesFinancial Brokerage
Websitecfifinancial.com

CFI Financial Group is a global brokerage founded in Beirut in 2015 as part of Credit Financier Invest SAL (est. 1998), later relocating its headquarters to Dubai in 2017. It holds twelve regulatory licenses, including in the UK, UAE, Cyprus, Jordan, South Africa, and Egypt, and also operates in several lightly regulated markets. CFI offers trading in stocks, forex, commodities, indices, ETFs, and CFDs.

Since 2019, it has been the official partner of the Jordan Basketball League, and since 2022 it has also been the official partner of the Milan football club.

CFI Financial Group operates globally, with offices across Europe, the Middle East, Africa, and Oceania. CFI Financial Group supports the King Hussein Cancer Foundation and Center by contributing donations aimed at helping underprivileged cancer patients receive treatment. The company also allows its clients to donate a portion of their trades, with CFI matching these donations to provide further support to the foundation.[1]

History

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CFI Financial Group was established in Beirut, Lebanon, in 2015 by Hisham Mansour and Eduardo Fakhoury as part of the international expansion of Credit Financier Invest SAL, originally founded in 1998.[2]

In 2017, the company's headquarters relocated to Dubai to strengthen its presence in the Middle East.[3] In 2018, CFI expanded to Jordan, becoming one of the first international brokerage groups to acquire both local and international licenses from the Jordan Securities Commission (JSC).[4] In the same year, CFI opened its UK office in London.[5]

In 2019, CFI opened an office in Port Louis, Mauritius.[6]

In September 2022, AC Milan partnered with CFI Financial Group as an Official Regional Partner to strengthen the football club's presence in the Middle East.[7][8]

In November 2022, CFI expanded into the Egyptian market through acquiring local brokerage firm El Mahrousa.[9]

CFI reported trading volumes of $1.03 trillion in Q3 2024, with an annual total of $2.15 trillion for that year.[10][11]

In January 2024, CFI Financial Group launched a new office regulated by the Securities and Commodities Authority (SCA) in Dubai.[12] Later that year, it entered the Azerbaijani market by acquiring AzFinance Investment Company and opened a Baku office in February 2025.[13][14] In December 2024, CFI also launched operations in South Africa, establishing an office in Cape Town under the Financial Sector Conduct Authority's approval.[15][16]

Operations

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CFI serves clients from over 100 countries, offering trading in stocks, forex, commodities, indices, ETFs, and CFDs.[17]

The company operates under twelve regulatory licenses, including authorizations in the UK, UAE, Cyprus, Jordan, South Africa, and Egypt. Additionally, the firm maintains regulated operations in Mauritius, Kuwait, Oman, and Palestine.[16][18] CFI operates through numerous entities worldwide, including several in offshore or lightly regulated markets. Industry reports show that beyond its licenses in Cyprus or the UAE, CFI companies are registered in places like Vanuatu, Seychelles, and Mauritius.[19]

CFI has launched several projects, such as Capitalise.ai, TipRanks, and developed its own trading app.[20]

Marketing

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In 2023, the group partnered with the King Hussein Cancer Foundation and Center to fund a new medical unit dedicated to underprivileged patients, scheduled to open by late 2024. Additionally, CFI introduced a client donation initiative, matching contributions made from trading activities to further support the foundation.[21]

CFI Financial Group invests in sports sponsorships to enhance global brand recognition. Notable partnerships include agreements with Nissan E.Dams Formula E Team, the Lebanon men's national basketball team, the Jordan Basketball Federation, the Jordan men's national basketball team,[22][23] Italian football club AC Milan,[24] English Sheffield United F.C.,[25] French Paris Saint-Germain FC,[26] South African cricket team MI Cape Town,[27] as well as 18 teams participating in FIBA West Asia Super League.[28] Prominent global ambassadors for the brand have included Spanish football manager Pep Guardiola in 2022[22] and British racing driver Lewis Hamilton in 2024.[10][29]

References

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  1. ^ "CFI Jordan Supports the King Hussein Cancer Center Building in Aqaba". www.khcc.jo. Retrieved 2024-12-12.
  2. ^ Pupic, Tamara (2020-12-20). "A Cut Above: Hisham Mansour, Co-Founder And Managing Director, CFI Financial Group". Entrepreneur.com. Retrieved 2025-04-07.
  3. ^ Shome, Arnab (2025-01-08). "CFI Taps Tools for Brokers for PAMM System and Other Plugins". Finance Magnates. Retrieved 2025-04-07.
  4. ^ Patterson, Jeff (2018-01-30). "CFI Group Garners JSC Brokerage License for its Jordanian Subsidiary". Finance Magnates. Retrieved 2025-04-02.
  5. ^ Abdel-Qader, Aziz (2018-06-28). "CySEC-Regulated Arm of CFI Financial Group Opens New London Branch". Finance Magnates. Retrieved 2025-04-02.
  6. ^ "CFI expands to Mauritius, fully regulated by the FSC". Leaprate.com. 2019-05-09. Retrieved 2025-04-02.
  7. ^ Nambiar, Rahul (2024-01-19). "AC Milan empower club presence in the Middle East with CFI Financial Group". SportsMint Media. Retrieved 2024-12-12.
  8. ^ "AC Milan welcomes CFI Financial Group as a new Global Partner". AC Milan. Retrieved 2024-12-12.
  9. ^ Salah, Fatma (2023-05-28). "CFI Financial Group aims to expand in 4 new countries during 2023". Daily News. Retrieved 2025-04-07.
  10. ^ a b Sikder, Tareq (2024-11-10). "CFI Hits $1 Trillion Trading Volume in Q3 2024, Expands in UAE, Azerbaijan". Finance Magnates. Retrieved 2025-04-05.
  11. ^ Segal, Gerald (2025-02-05). "CFI sees record $1.1 trillion in client trading volumes in Q4 2024". FX News Group. Retrieved 2025-04-06.
  12. ^ "CFI Financial Group Unveils New Office Dubai". Finance Magnates. 2024-01-15. Retrieved 2024-12-12.
  13. ^ Shome, Arnab (2025-02-14). "CFI Cements Central Asia Presence: Opens New Baku Office". Finance Magnates. Retrieved 2025-04-05.
  14. ^ Segal, Gerald (2024-12-09). "CFI hires Ilgar Rustambayli as Azerbaijan CEO following AzFinance acquisition". FX News Group. Retrieved 2025-04-02.
  15. ^ Sikder, Tareq (2024-12-04). "CFI Launches Operations in South Africa, Appoints Zihaad Israfil as CEO". Finance Magnates. Retrieved 2025-04-07.
  16. ^ a b Sikder, Tareq (2024-05-02). "CFI Obtains Regulatory Approval for South African Operations". Finance Magnates. Retrieved 2025-04-07.
  17. ^ Segal, Gerald (2023-12-29). "CFl's 2024 Outlook: Navigating the End of Inflation and a Surge in Equity Markets". FX News Group. Retrieved 2025-04-06.
  18. ^ Segal, Gerald (2023-11-02). "CFI expands to Oman with new license and office in Muscat". FX News Group. Retrieved 2025-04-07.
  19. ^ "CFI Financial Group Holding Limited". LeapRate. 2018-03-12. Retrieved 2024-12-12.
  20. ^ Segal, Gerald (2023-11-17). "CFI receives Great Place to Work certifications". FX News Group. Retrieved 2025-04-06.
  21. ^ "CFI Jordan Supports the King Hussein Cancer Center Building in Aqaba". www.khcc.jo. Retrieved 2024-12-12.
  22. ^ a b "CFI Welcomes "Pep" Guardiola as Global Brand Ambassador". Finance Magnates. 2022-04-26. Retrieved 2025-04-07.
  23. ^ "CFI and the Jordan Basketball Federation (JBF) Renew their Partnership for the Fourth Consecutive Year". Jordan Times. 2024-11-21. Retrieved 2024-12-12.
  24. ^ Shome, Arnab (2024-01-18). "CFDs Broker CFI Bolsters Sports Presence with the Latest AC Milan Deal". Finance Magnates. Retrieved 2025-04-05.
  25. ^ Bryant, Toby (2023-08-14). "Sheffield United sponsor CFI Financial Group - who company are, Dubai links and length of deal". The Star. Retrieved 2025-04-07.
  26. ^ Sikder, Tareq (2024-01-26). "Score! CFI Strikes Long-Term Deal with Paris Saint-Germain". Finance Magnates. Retrieved 2025-04-05.
  27. ^ Chmiel, Damian (2024-12-18). "CFI Targets Cricket's 2.5 Billion Fans With MI Cape Town Deal". Finance Magnates. Retrieved 2025-04-05.
  28. ^ Sikder, Tareq (2024-06-27). "CFI Dunks Partnership with FIBA WASL for New Basketball Season". Finance Magnates. Retrieved 2025-04-07.
  29. ^ Chmiel, Damian (2024-07-24). "F1 Racing Legend Shifts Gears to Financial Markets with CFI Deal". Finance Magnates. Retrieved 2025-04-05.
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