2024-09-25 14:08:17
CFI recently entered the Azerbaijani brokerage market through the acquisition of AzFinance İnveŞtisiya Şerketi (AzFinance Investment Company). The online business leader is the first international company to establish a local presence in Azerbaijan, as the brand seeks to become one of the world’s biggest names in investment and all things business.
The expansion into Azerbaijan reflects the country’s growing importance in the global financial landscape, with an increasingly dynamic market, strategic position and strong economic development presenting numerous opportunities for local entrepreneurs and region.
With more than 25 years of experience, CFI is establishing its presence there through AzFinance İnveŞtisiya Company, a brokerage firm authorized and regulated by the Central Bank of Azerbaijan. The CFI will perform special financial and investment services, under license number ISN/L-7/2016. AzFinance, the newly acquired company, will be rebranded after the acquisition to reflect its integration into the CFI Group. Restructuring and launch of services is expected in Q4 ‘4.
CFI continues to expand in product offerings and process licenses
This acquisition continues CFI’s international expansion strategy, building on significant growth last year, which saw the group launch into four new markets, including Egypt, Kuwait, Oman, and Palestine.
The move indicates the group’s commitment to offer world-class business solutions and local support, ensuring entrepreneurs in Azerbaijan and beyond can thrive in the dynamic world of online business.
CFI Business Group has several strategic centers and regional offices, including in key locations such as London, Dubai, Larnaca, Beirut, Amman and Cairo.
Specializing in online market, forex and stock trading services, CFI offers very competitive trading conditions, with 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 UAE SCA Category License as well as an FSCA Category 1 FSP License from South Africa .
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