Leading trading provider CFI has reported significant milestones in Q3 2024, following a strong Q2 performance. The group reported record trading volumes and substantial growth across key metrics, solidifying its position in the online trading industry.
CFI posted a record trading volume of $1.03 trillion in Q3, representing a 34.47% increase from Q2 2024 and a 129.4% rise compared to the same period last year. Alongside this, the company saw a rapid client base expansion, with funded accounts increasing by nearly 46% from the previous quarter and 128.75% year-on-year. Active accounts rose by 28% this quarter and 110% annually, driven by client engagement initiatives.
In Q3, CFI expanded its global presence through several high-profile partnerships:
CFI’s reach extended with two key moves: the acquisition of AzFinance Investment Company in Azerbaijan, marking its first regulated presence in the region, and expanding operations from Dubai to Abu Dhabi, reinforcing its footprint in the UAE.
CFI's Co-founder and Managing Director, Hisham Mansour, commented on the Q3 success, highlighting the company’s ongoing commitment to growth and innovation:
“Q3 has showcased our team’s dedication and innovation, pushing us to new heights, strengthening our foundation for future growth. As we look ahead to Q4, we are focused on building on this momentum by further expanding our reach, enhancing our partnerships, and continuously exceeding our clients’ expectations.”
As the company moves into Q4, it plans to sustain this momentum with a continued focus on technology investment, strategic partnerships, and client-centric solutions to further secure its leadership in the global trading landscape.
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