CFI Expands to Azerbaijan, Acquires AzFinance

Globally leading online trader CFI has announced its arrival in Azerbaijan with the purchase of AzFinance İnveŞtisiya Şirkəti. Emphasizing its dedication to supporting local markets, communities, and neighbouring nations, this important milestone marks CFI as the first foreign corporation to establish a local presence in Azerbaijan. This calculated action fits CFI's goal of rising to be the top brand in trading and investing worldwide.

Having more than 25 years of expertise, CFI is ready to provide Azerbaijan with its top-notch online trading offerings This development underlines the nation's rising relevance on the scene of global finance.

With its dynamic market, advantageous location, and robust economic growth, Azerbaijan offers plenty of opportunities for local and regional traders. CFI aims to support the economic development of Azerbaijan by offering unrivalled trade services via a local presence.

With the Central Bank of Azerbaijan licensing and controlling AzFinance İnveŞtisiya Şirkəti, under license number ISN/L-7/2016, the company will change its name after the acquisition to reflect its integration into the CFI Group. The whole spectrum of trading products offered by CFI, which covers a wide variety of asset classes such as equities, currencies, and commodities, will be accessible to Azerbaijani traders once it is fully functioning. CFI intends to maintain its current clients while continuing to provide trading services in both domestic and international marketplaces.

Customers in Azerbaijan will benefit from very competitive trading conditions, excellent execution, and cutting-edge trading platforms thanks to CFI's cutting-edge trading technology, global standards, and local expertise. Rebranding and service launch operations are anticipated in Q4 2024.

Hisham Mansour, CFI's Co-founder and Managing Director, emphasized his delight at the expansion, saying, “CFI is thrilled to expand into Azerbaijan and is dedicated to providing great trading services to this new market. Azerbaijan's robust market and economic potential make it an important strategic player. Our entrance into this industry via this purchase demonstrates CFI's commitment to expansion and aim to provide excellent trading services to a larger audience. We are excited to create solid connections with traders in Azerbaijan and support their trading experience with the highest standards of quality. I'd like to thank everyone who contributed to this transaction, as well as AzFinance's ex-shareholders and management for their outstanding track record, which we intend to expand on.”

This purchase fits CFI's plan for global development, which has experienced a notable increase in the previous year. The group started in Egypt, Kuwait, Oman, and Palestine among four other fresh markets. This action shows CFI's commitment to providing traders in Azerbaijan and beyond with world-class trading solutions and specialized support, therefore enabling their success in the exciting realm of online trading.

About CFI

Leading online trading broker with more than 25 years of expertise, CFI Financial Group has the most regulated companies and regional offices—including important sites like London, Dubai, Larnaca, Beirut, Amman, and Cairo. Focusing on online trading services across commodities, currencies, and stocks, CFI provides very competitive trading conditions with zero-pip spreads and no commission costs.

In terms of AI-driven trading tools and apps, the firm leads the way Through alliances with companies like AC Milan and FIBA WASL, the company promotes top sports. Reflecting a common dedication to quality and invention, it boldly chooses Seven-Time Formula One World Champion Sir Lewis Hamilton as its Global Brand Ambassador. The company actively supports many Corporate Social Responsibility (CSR) projects in the local areas where it does business.

Discover the next level of trading with CFI's expansion into Azerbaijan through the acquisition of AzFinance. Experience exceptional trading conditions, advanced technology, and world-class services. Visit CFI Global on WikiFX for more details and join us on this exciting journey!