Online trading provider CFI Group recorded a remarkable trading volume of $1.03 trillion in Q3 2024, representing a 34.47% increase from Q2 and a 129.4% surge year over year. This growth aligns with CFI’s strategic initiatives to capture rising market demand and expand its global footprint.
Significant Growth in Client Base
CFI’s client numbers rose sharply, with funded accounts up by 45.93% compared to the previous quarter and a notable 128.75% year over year increase. Active accounts saw a 28% quarterly growth and a 110% annual rise, reflecting CFI’s success in both attracting and retaining clients through enhanced engagement initiatives.
Hisham Mansour, CFI’s Co-Founder and Managing Director, expressed optimism for the future, stating, “As we move into Q4, we aim to maintain this momentum by further expanding our reach, strengthening partnerships, and continually exceeding client expectations. Our focus remains on providing unparalleled value and innovative trading solutions.”
Global Brand and Market Expansion
CFI has bolstered its brand presence through various partnerships and sponsorships. Collaborating with the Abu Dhabi Department of Culture and Tourism, CFI supported numerous local events, solidifying its connections within the UAE. Additionally, CFI served as an official partner for the USA Games in Abu Dhabi in July, further elevating its international visibility.
The company also announced seven-time Formula 1 World Champion Lewis Hamilton as its global brand ambassador, a move expected to enhance its profile among a global audience. CFI’s sponsorship of UFC Fight Night and its renewed partnership with the Jordan Football Association renaming the Jordanian Pro League as the “Jordanian Pro League – CFI” emphasized its commitment to sports and community engagement.
CFI took significant steps to expand its market reach by acquiring AzFinance İnveŞtisiya Şirkəti, marking its entry as the first regulated international trading company in Azerbaijan. In the UAE, CFI extended its operations from Dubai to Abu Dhabi, solidifying its position as a leading online trading provider across the Emirates.
