CFI reports impressive first quarter 2024 results
CFI reports impressive first quarter 2024 results
Credit Financier Invest (CFI) Ltd, a leading broker in the global financial market, has achieved record trading volumes in the first quarter of 2024.
CFI, a leading provider of online trading services in the UAE, announced unprecedented success, setting new records in terms of trading volumes, the number of clients, and strategic growth. The company has not only continued the growth trajectory started in 2023 but has also significantly strengthened its position in the competitive global market, FNG said.
At the end of the first quarter of 2024, CFI posted an impressive 24% year-over-year growth in trading volumes, reaching a new high of $557 billion, averaging $186 billion per month.
These figures place CFI at the top of the global brokerage rankings and underscore the company's prospects for attracting a client base in a highly competitive market.
CFI's active client base grew 80 percent year-over-year in the first quarter of last year, thanks to a team of more than 400 industry professionals focused on delivering superior trading services. Client growth has reinforced CFI's reputation as a leader in the financial trading industry.
CFI's global reach was strengthened by several new strategic partnerships with sports brands, including Paris Saint-Germain, AC Milan, and the Saudi Super Cup, as well as sponsorships with Sheffield United FC, Emirates Airlines, and Etihad Airways. These collaborations are designed to increase the Group's brand awareness and presence in key international markets.
CFI is committed to innovation in technology and infrastructure and is increasing investment in this area. During the quarter, a beta version of the AI Trading Assistant was launched, and options trading was introduced on the Multi-Asset platform. An important development was CFI's integration with TradingView, making CFI the first broker in the Middle East and North Africa to have access to one of the world's leading trading platforms.
In addition, CFI continued its strategic expansion with the opening of new CFI Plaza offices in Jordan and Lebanon, as well as successful global seminars in the MENA region. The above initiatives are part of CFI's broader strategy to empower traders and strengthen its market presence, as evidenced by the Category 1 FSP license it receives from the region's Financial Conduct Supervisory Authority (FSCA).
This quarter's record results mark a significant period of growth and expansion for CFI, demonstrating its commitment to excellence and innovation in the global trading landscape.
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