CFI Financial Group has continued to expand its operations in the Middle East, culminating in a financial services license of its subsidiary CFI Jordan. Per the new approval, CFI Jordan has received a Jordan Securities Commission (JSC) license, which allows it to provide financial advisory and brokerage services in the local and international markets.
Based out of Amman, Credit Financial Invest for Financial Brokerage Limited (CFI Jordan) is one of the first international groups to secure both a local and international brokerage license with the JSC. Interest in the domestic market has certainly been on the uptick, with a JSC license being awarded to Equiti earlier this week.
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CFI Jordan will now be able to leverage its expertise by focusing on a wide range of brokerage services on a domestic and international scale. This includes providing investors with exposure to multiple investment products, including contracts-for-difference (CFDs), FX, bullion, commodities, indices, and other listed instruments on the Amman Stock Exchange.
Of note, investors will be able to open their accounts directly with CFI Jordan for the aforementioned trading instruments. “We’re thrilled to announce receiving the Jordan Securities Commission license for our new subsidiary CFI Jordan. Just as we usually proceed in other countries, we are committed to providing excellence and the utmost level of professional financial services to our Jordanian clients as well,” explained CFI Financial Group Holding’s founders and managing directors, Hisham Mansour and Eduardo Fakhoury.
“We have appointed expert staff and equipped our operations with all of what is needed to best serve our clientele, with the aim of becoming the leading firm in Jordan for trading on local and global markets,” they added.
The development follows on the heels of recent regulatory changes in Jordan which have now helped facilitate the provision of financial services. CFI Jordan is one of the initial entrants into the market. CFI Jordan is still in the final stages of preparations to be operational and will be targeting a full launch this February.