CFI

CFI is a multi-asset brokerage founded in 2019 and headquartered in Mauritius, with offices in 15 countries. The broker operates under the CFI Group brand and provides online trading services across forex, stocks, indices, commodities, ETFs, crypto CFDs, bonds, and futures. It targets both retail and professional traders, offering two account types with leverage up to 1:500.

CFI claims over 25 years of industry experience, though its corporate registration date is 2019. The broker is regulated by multiple financial authorities, including CySEC (Cyprus), FCA (UK), CMA (UAE), FSCA (South Africa), CBAR (Azerbaijan), JSC (Jordan), VFSC (Vanuatu), and FSA (Seychelles). This multi-regulatory framework provides a layer of oversight across different jurisdictions.

The broker holds a total of eight licenses, with six from tier-1 or tier-2 regulators and two from offshore regulators. The CySEC license (MM) allows market making in Cyprus, while the FCA license (STP) permits forex execution in the UK. The CMA license (EP) covers forex trading in the UAE, and the FSCA license (EP) covers derivatives trading in South Africa. CBAR in Azerbaijan and JSC in Jordan are also tier-2 regulators. The VFSC (Vanuatu) and FSA (Seychelles) licenses are classified as offshore regulation, which typically involves weaker oversight.

In FXCanary's assessment, the combination of several reputable licenses reduces overall risk, but traders should be aware that terms and conditions may vary by entity. The broker's registered address in Mauritius serves as its headquarters, but clients may be onboarded under different regulated entities depending on their location.

CFI offers two primary account types: the Dynamic Trader account and the Zero Commission account. Both accounts require no minimum deposit and offer maximum leverage of 1:500 for professional clients. The Dynamic Trader account features tight spreads with no commission, while the Zero Commission account promises commission-free trading on over 15,000 instruments, including stocks, ETFs, forex, indices, and commodities. The spread on EUR/USD for the Zero Commission account ranges from 0.6 to 1.5 pips.

Swap-free (Islamic) accounts are not available. The broker supports algorithmic trading and expert advisors. Traders can choose from the MT5, Trader Evolution, and TradingView platforms. Additional services include advanced indicators and plugins. Base currencies for accounts are USD and EUR.

CFI provides access to a broad range of financial instruments across multiple asset classes. These include forex pairs (major, minor, and exotic), stock CFDs (including US stocks), indices (e.g., S&P 500, FTSE 100), commodities (metals like gold and silver, energies like oil and gas), ETFs, cryptocurrency CFDs (such as Bitcoin and Ethereum), bonds, and futures. The broker claims over 15,000 instruments available for trading.

The instrument offering is typical for a multi-asset broker and caters to diverse trading strategies. However, the specific list of instruments may vary by regulatory entity and region.

CFI supports multiple deposit and withdrawal methods. These include credit/debit cards (Visa, Mastercard), wire transfer, and the CFI Card by G2P. Supported currencies for deposits are USD, EUR, AED, and GBP depending on the method. Deposits via card are instant, while wire transfers take 1 to 5 business days. The broker states that there are no fees for account opening or deposits.

Withdrawals are processed using the same methods. The broker does not explicitly mention withdrawal fees or processing times on its website, but industry standards suggest that bank wire withdrawals may take 2-5 business days. The minimum withdrawal amount is not stated.

CFI is aimed at both retail and professional traders across the Middle East, Africa, Europe, and Asia. The broker's marketing emphasizes its regional presence in the UAE and sponsorship of sports events, suggesting a strong focus on the MENA region. The low minimum deposit (none) and high leverage attract beginner traders, while the availability of advanced platforms and algorithmic trading appeals to experienced traders.

The broker also offers educational resources and dedicated account managers for support. However, the specific educational content and research tools are not detailed on the website.