CFI Attains UAE SCA Category One, Boosts Regional Leadership

CFI milestone: UAE SCA Category One, affirming regional leadership achievement, propelling secure financial market access and growth.

Home » CFI Attains UAE SCA Category One, Boosts Regional Leadership

CFI Financial Group proudly secures UAE SCA Category One license, affirming its regional leadership achievement in financial markets. This marks the company’s second license in the country, adding to its impressive portfolio of regulatory approvals spanning the United Kingdom, Cyprus, Lebanon, Jordan, Egypt, Palestine, Oman, Mauritius, and other jurisdictions.

Hisham Mansour, Co-founder and Managing Director of CFI, expressed his enthusiasm, stating, “Obtaining the SCA license is a major milestone for CFI. Category one is the highest category license for our business with the highest paid-up capital requirements. It highlights our dedication to delivering safe and regulated access to the financial markets and affirms our objective to remain side by side with our clients in the UAE. The addition of this license further empowers our position in the region and allows us to serve our clients better.”

CFI Regional Leadership Achievement

The SCA license, granted in the same country as the Group’s Dubai headquarters, holds particular significance for CFI. The UAE, known for its innovation and technological advancements, serves as an ideal location to cater to CFI’s client base in the Middle East. The newly acquired license is poised to extend the company’s growth not only within the UAE but also across the wider MENA region.

Nidal Abdel Hadi, CEO of CFI Dubai’s SCA licensed entity, emphasized the importance of regional oversight, stating, “The UAE is our home. Our aim is to leverage the region’s stability and extensive growth to provide the best in terms of our products, platforms, trading tools, and client service. As CFI looks to expand and solidify its position in MENA, Moreover, we believe that gaining regional oversight from one of the UAE’s most respected financial regulators is key to achieving this.”

This announcement comes on the heels of CFI’s successful expansions into Egypt, Kuwait, Palestine, and Oman, solidifying its position as the leading broker in the MENA region with the largest number of licensed entities.

Since its establishment in 1998, CFI has prioritized providing secure, safe, and transparent access to global markets without compromising on market access and trading flexibility. The latest SCA license reinforces this commitment, offering an added layer of security and protection for trading clients while providing unmatched access to global markets in terms of instruments, tools, and trading resources. With a focus on optimal trading conditions, CFI continues to equip its clients with the tools they need to succeed in the global financial markets.

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