CFI Gets Category One License from UAE’s SCA

CFI Financial Group, a leading provider of online trading services, has taken a significant step in establishing its presence in the Middle East. The company proudly announces that it has acquired the latest Category One license from the Securities and Commodities Authority (SCA) of the UAE. 

CFI has obtained a second license in the UAE, which highlights the group’s unwavering dedication to regulatory excellence. CFI’s portfolio of regulatory approvals now includes SCA’s new license, covering many significant jurisdictions such as the UK, Cyprus, Lebanon, Jordan, Egypt, Palestine, Oman, and Mauritius.

What Does it Mean for the Traders?

Let’s see how it will benefit institutional and retail traders.

Regulated Access

Hisham Mansour, managing director of CFI, emphasizes, “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.” He stresses the commitment to offering safe and regulated financial market access, standing by UAE clients to improve service capabilities.

Regional Dominance

The acquisition of the SCA license is a crucial milestone in CFI’s growth. It demonstrates its dedication to providing exceptional trading services with trust and transparency as core values.

Strategic Expansion

This move establishes CFI as the leading broker in the MENA region, with the most licensed entities, following successful expansions into Egypt, Kuwait, Palestine, and Oman.

Regional Growth Prospects

Nidal Abdel Hadi, CEO of CFI Dubai’s SCA-licensed entity, emphasizes the importance of regional oversight from one of the UAE’s most respected financial regulators. “The UAE is our home. We aim to leverage the region’s stability and growth to offer our clients the best products, platforms, and trading tools along with exceptional service.”

Enhanced Security 

Since its establishment in 1998, CFI has prioritized providing a secure, safe, and transparent gateway to global markets. The latest SCA license provides an additional layer of security for trading clients and offers access to international markets through various instruments. This ensures optimal trading conditions for clients, equipping them with the tools required to succeed in the global financial markets.

Way Forward

CFI’s latest achievement highlights its continuous effort to set new standards in the online trading industry. It combines regulatory excellence with a client-centric approach. The SCA license signifies the group’s commitment to compliance and strategic positioning for growth in the UAE and MENA.

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