CFI Jordan Gets Capital Boost, Parent Injects $4 Million
- The company has been busy over the past 12-month period and only recently registered a new branch in London.
The Jordan-based subsidiary of CFI Financial Group Holding, which operates under the brand Credit Financial Invest for Financial Brokerage Limited (CFI Jordan), is getting a fresh injection of capital after securing the required approvals.
CFI Jordan, which received a Jordan Securities Commission (JSC) license in January, has raised $4 million (JOD 2.8 million) from its parent. The new funds will be used for expansion after what it called “ a successful start in Jordan” and its ability within a short period of time to attract “a substantial number of clients.”
The company has been pretty busy over that 12-month period, most recently it has registered a new branch in the City of London. With the opening of the UK branch, CFI is currently licensed and regulated to operate its 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 and CFDs business in London, Beirut, Larnaca, Dubai, and Amman.
Last year, CFI dedicated to strengthening its corporate governance as the company highlighted that the expansion was focused on creating sustainable, profitable businesses.
A multi-regulated broker
Based out of Amman, CFI Jordan provides financial advisory and brokerage services in the local and international markets. 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.
Interest in the domestic market has certainly been on the uptick, with a JSC license being awarded to Equiti last year.
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 an emphasis on financial brokerages. CFI Group’s solutions encompass wealth management, portfolio advisory, treasury bonds, commodities and futures, stocks and ETFs, forex, 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.
In a joint statement, CFI Group Holding’s Founders and Managing Directors, Eduardo Fakhoury and Hisham Mansour, said: “We have taken this step after the remarkable success of CFI Jordan following the launch of its activities. It also comes as the company prepares itself for further expansion and to obtain additional licenses particularly for offering leveraged trading services on local stocks traded on the Amman Stock Exchange. Finally, it shows our firm commitment to the Jordanian market and the confidence we have in the team and management of CFI Jordan.”
The Jordan-based subsidiary of CFI Financial Group Holding, which operates under the brand Credit Financial Invest for Financial Brokerage Limited (CFI Jordan), is getting a fresh injection of capital after securing the required approvals.
CFI Jordan, which received a Jordan Securities Commission (JSC) license in January, has raised $4 million (JOD 2.8 million) from its parent. The new funds will be used for expansion after what it called “ a successful start in Jordan” and its ability within a short period of time to attract “a substantial number of clients.”
The company has been pretty busy over that 12-month period, most recently it has registered a new branch in the City of London. With the opening of the UK branch, CFI is currently licensed and regulated to operate its 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 and CFDs business in London, Beirut, Larnaca, Dubai, and Amman.
Last year, CFI dedicated to strengthening its corporate governance as the company highlighted that the expansion was focused on creating sustainable, profitable businesses.
A multi-regulated broker
Based out of Amman, CFI Jordan provides financial advisory and brokerage services in the local and international markets. 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.
Interest in the domestic market has certainly been on the uptick, with a JSC license being awarded to Equiti last year.
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 an emphasis on financial brokerages. CFI Group’s solutions encompass wealth management, portfolio advisory, treasury bonds, commodities and futures, stocks and ETFs, forex, 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.
In a joint statement, CFI Group Holding’s Founders and Managing Directors, Eduardo Fakhoury and Hisham Mansour, said: “We have taken this step after the remarkable success of CFI Jordan following the launch of its activities. It also comes as the company prepares itself for further expansion and to obtain additional licenses particularly for offering leveraged trading services on local stocks traded on the Amman Stock Exchange. Finally, it shows our firm commitment to the Jordanian market and the confidence we have in the team and management of CFI Jordan.”