CFI recently entered the Azerbaijani brokerage market through the acquisition of AzFinance İnveŞtisiya Şirkəti (AzFinance Investment Company). The online trading leader is the first international company to establish a local presence in Azerbaijan, as the brokerage brand looks to become one of the world’s biggest names in all things investment and trading.
The expansion into Azerbaijan underscores the country’s growing importance in the global financial landscape, with an increasingly dynamic market, strategic location and strong economic growth presenting numerous opportunities for local and regional traders.
With over 25 years of experience, CFI is establishing its presence there through AzFinance İnveŞtisiya Şirkəti, a brokerage firm licensed and regulated by the Central Bank of Azerbaijan. CFI will carry out the necessary financial and investment services, under license number ISN/L-7/2016. AzFinance, the newly acquired company, will rebrand itself after the acquisition to reflect its integration into the CFI Group. The rebranding and launch of services is expected in Q4 2016.
CFI continues to expand its product offering and regulatory licenses
This acquisition continues CFI’s international expansion strategy, building on last year’s significant growth, which saw the group launch into four new markets, including Egypt, Kuwait, Oman and Palestine.
The move signifies the group’s commitment to delivering world-class commerce solutions and localised support, ensuring that merchants in Azerbaijan and beyond can thrive in the dynamic world of online commerce.
CFI Financial Group has several regulated entities and regional offices, including in key locations such as London, Dubai, Larnaca, Beirut, Amman and Cairo.
Specializing in online trading services for stocks, currencies and commodities, CFI offers highly competitive trading conditions, including zero pip spreads and no commissions.
The brokerage firm, which recently added TipRanks on MetaTrader, an AI trading tool, and TraderEvolution to its suite of trading platforms, secured a Category One License from the UAE SCA as well as a Category 1 FSP License from the South African FSCA.
