CFI Further Expands Presence in MENA Region, Opens CFI Palestine

<p>Emphasizing
continuous development in the Middle East and North Africa (MENA) region, The
CFI Financial Group announced the opening of another local subsidiary. The
latest branch of the broker, which has been operating in the financial markets
for 25 years, has been launched in Palestine.</p><p>CFI Palestine: A New
Entrant in Online Trading</p><p>With its
headquarters based in Ramallah, CFI Palestine aims to bring about changes in
the current <a href="https://www.financemagnates.com/terms/o/online-trading/">online trading</a> dynamics of the country. It plans to provide
platforms and resources for traders to connect with local and global markets. </p><p>An
important mention is the subsidiary's licensing by the Capital Market Authority
(CMA) of Palestine. This adds to CFI's growing list of licenses in the MENA
region, including the UAE and Egypt.</p><p>CFI's Co-Founder
and MD, Hisham Mansour, remarked on the launch, highlighting the significance
of the MENA region to CFI's operations. He stated the company's objective was to
offer Palestinian investors a gateway to international markets, backed by CFI's
technological resources.</p><p>"I
extend my gratitude to the regulatory authorities and local partners who have
played a vital role in facilitating our entry into this market," Hisham added.
</p><p>As the
landscape of online trading evolves, CFI's move to set roots in Palestine could
signify a strategic direction for the firm, especially in its endeavors in the
MENA region.</p><p>In line
with this, Sami Shraim, the CEO of CFI Palestine, pointed out the subsidiary's
commitment to deliver a contemporary trading platform. "Our goal is to
empower traders with a seamless and cutting-edge trading experience while
adhering to the highest standards of compliance and customer service," he stated.</p><p>CFI Bets on Expansion in
MENA Region</p><p>The Dubai-based
broker recently <a href="https://www.financemagnates.com/forex/news-nuggets-10-august-cfi-welcomes-menas-marketing-head-fca-cancels-matrix-license/" target="_blank" rel="follow">welcomed Leen Daoud</a> as the new Marketing Leader for the MENA region.
Boasting over eight years in digital trading, Daoud's rich background includes
stints at Ingot Brokers and CAPEX.com. As the head of <a href="https://www.financemagnates.com/terms/m/marketing/">marketing</a> for MENA, she is
set to launch novel marketing strategies, bolstering CFI's footprint. </p><p>In June,
the firm <a href="https://www.financemagnates.com/forex/brokers/cfi-taps-ak-financial-in-kuwait-for-expansion-in-mena-region/" target="_blank" rel="follow">collaborated with AK Financial in Kuwait</a>, marking its growth strategy
in the Middle East and North Africa. This alliance allows the company to
provide online trading in areas like forex, stocks, indices, commodities, and
ETFs.</p><p>Mansour
points out that traders from the MENA zone lean towards services that cater to
their jurisdiction. <a href="https://www.financemagnates.com/executives/interview/traders-in-mena-prefer-localized-services-cfis-md/" target="_blank" rel="follow">Speaking to Finance Magnates</a>, CFI's Managing
Director shared: "The market of Arabic speakers is vast and brimming with
potential."</p><p>Based on
the latest <a href="https://www.financemagnates.com/forex/cfi-financial-sees-record-growth-in-volume-new-accounts-in-q1/" target="_blank" rel="follow">Q1 2023 financial data</a>, CFI Financial experienced remarkable upticks
across primary indicators. The document revealed a spike of 57% in CFI
Financial's trading volumes in the initial quarter of 2023 compared to the previous
year's corresponding period. Concurrently, active accounts on its platform
skyrocketed 147%. Furthermore, the first quarter witnessed a rise of 68% in
the new accounts registered on the platform.</p>

This article was written by Damian Chmiel at www.financemagnates.com.