CFI Group Opens CFDs Brokerage Subsidiary in Dubai

CFI Group Holding has officially opened a subsidiary in Dubai under the trading name Credit Financier Invest (DIFC) Ltd. (CFI-DIFC), which was authorized by the Dubai Financial Services Authority (DFSA) to operate as a Category 3A entity effective May 4, 2017.

The London Summit 2017 is coming, get involved! [gptAdvertisement] Credit Financier Invest is also registered at the Register of Commerce of Beirut and regulated by the Central Bank of Lebanon to provide several services with emphasis on financial brokerages. CFI Group’s solutions encompass wealth management, portfolio advisory, treasury bonds, commodities and futures, stocks and ETFs, Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, credit facilities and fiduciary deposits.

CFI-DIFC launched as part of the brand’s strategy to further expand its footprint in emerging markets whilst reinforcing its premium positioning in the Middle East. CFI Group also plans to strongly increase marketing investment in the region as well as developing direct relationships with key players. The firm said it will focus on providing online trading services to high-net-worth professionals as well as institutional clients, who will be able to open their accounts directly with the firm to trade CFDs on FX, Bullion, commodities and indices.

In a joint statement, CFI Group Holding’s Founders and Managing Directors, Eduardo Fakhoury and Hisham Mansour, said: “We’re thrilled to announce the launch of our Dubai subsidiary CFI-DIFC, after receiving the DFSA’s authorization for it to operate in the Dubai International Financial Center. Dubai has emerged as a strategic regional and even global hub of high standards for Financial Institutions that are regulated by the DFSA, the regulator that is recognized as operating to international best practice standards. We believe there is a gap in what is currently provided and CFI-DIFC’s mission will thus be to fill it by providing premium solutions along with exclusive conditions tailored to our select clients’ specific needs and expectations.”

They added that the new entity will focus on catering to high-net-worth professionals and financial institutions, as well as providing bespoke services.