Record-Breaking Performance in Q3 2024
An online trading leader, CFI has recorded its best quarter in Q3 2024, following through with the promising momentum set in Q2 2024. The company’s volume of trades hit a record $1.03 trillion, making a significantly impressive 34.47% increase from Q2 2024, and more remarkably than a 129.4% rise year-over-year while comparing it with Q3 2023. All this reflects the commitment that CFI has towards filling market demand by developing strategic initiatives and trading solutions of the highest quality.
PC: FX News Group
Funded accounts growth also experienced a tremendous boom, with a 45.93% increase in Q3 2024 over Q2 2024 and 128.75% year-over-year. Active accounts have risen by 28% from the previous quarter and 110% over Q3 2023. This is a testament to CFI’s not just acquisition efforts but retention of clients, which has gone into this rise and is being driven through many innovative engagement strategies.
Deepening Global Reach through Strategic Partnerships
Strategy partnerships have continued to strengthen CFI’s global market muscle in Q3 2024 by leveraging its brand position and positioning as an industry leader into:
- Department of Culture and Tourism – Abu Dhabi Partnership: CFI, through the Department of Culture and Tourism (DCT), partnered with the Emirate in supporting events within the emirate to further cement the position of a local leader that prioritises cultural values.
- USA Games in Abu Dhabi – CFI supported the USA Games, that took place during July and further extended its partnership with DCT and strengthened the company’s international presence in the UAE.
- Global Brand Ambassador Lewis Hamilton – The company signed a major partnership deal with seven-time Formula 1 World Champion Lewis Hamilton as the Global Brand Ambassador. The move promotes CFI’s brand values of excellence and resilience, which further add strength to its credibility.
- UFC Fight Night Sponsorship – In another DCT activity, CFI’s involvement in UFC Fight Night made the brand reach international and even dug deep into its arena of elite sports.
- Jordan Football Association Partnership – CFI continued its support for the Jordanian Pro League, which was rebranded as the ‘Jordanian Pro League – CFI, through the next three seasons, while underlining its further commitment toward the region’s sports agenda.
Expanding Market Reach and Dominance
CFI continued its expansion strategy in Q3 with significant strategic moves:
Azerbaijan Acquisition: CFI acquired AzFinance Investment Company, becoming the first international trading firm to establish a regulated presence in Azerbaijan. The acquisition underlines the commitment of CFI toward localised services with a widening footprint.
In continuation with expansion in the UAE, CFI further expanded to Abu Dhabi from its headquarters based in Dubai, making it one of the most prominent online trading providers in the Emirates.
Outlook for Q4 and Beyond
Hisham Mansour, co-founder and managing director at CFI, observed the success of it, wherein he related the commitment and innovation by the team. “Q3 has highlighted for us our team’s commitment and innovation, propelling us forward and fortifying our base to propel us in growth ahead, as we head into Q4,” Mansour said. “We look forward to embracing more market impact by further extending our partnership values and value innovation through our trading solutions in the markets.”
Focused on technology, partnerships, and client success, CFI will also drive further expansion while redefining the excellence of their industry and cementing their position as a trusted online trading partner globally.
