CFB Company

CFB Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

Century Financial Brokers (CFB) was established in 1989 in Dubai, UAE, by Sulaiman Baqer Mohebi. The firm was initially founded as Century Investment Consultants, aiming to provide residents of the UAE with access to futures and commodities markets. Over the years, CFB has evolved into a leading player in the financial brokerage industry, particularly known for its expertise in Contract for Difference (CFD) trading.

Parent Company/Ownership Structure

CFB operates as an independent brokerage firm, which allows it to maintain a client-centric approach without the influence of a parent company. This independence enables CFB to offer a wide range of financial products tailored to meet the diverse needs of its clients.

Headquarters Location

The company is headquartered in Dubai, United Arab Emirates, a global financial hub that provides a strategic advantage in serving clients across various regions.

Global Business Scope

CFB has established a significant presence in the global financial markets, offering services to both retail and institutional clients. The firm provides trading solutions across multiple asset classes, including forex, stocks, and commodities, catering to a diverse clientele that includes expatriates and local investors.

Main Regulatory Bodies

CFB is fully licensed by the regulatory authorities of Dubai and adheres to the strict standards set forth by these bodies. The firm is also a broker and clearing member of the Dubai Gold and Commodities Exchange (DGCX), ensuring compliance with local and international regulations.

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2. Company History and Development

Key Milestones

• 1989: CFB was founded as Century Investment Consultants.
• 1995: The firm introduced forex trading as an investment instrument.
• 1999: CFB became the first company to offer internet trading in foreign exchange.
• 2005: CFB acquired a license from the Dubai Gold and Commodities Exchange (DGCX) and became a principal clearing member.

Business Expansion Journey

Over the years, CFB has expanded its service offerings and geographical reach. Initially focused on local markets, the company has grown to serve clients globally, leveraging advancements in technology to provide a next-generation trading platform.

Customer Base Growth

CFB has seen substantial growth in its client base, now serving over 10,000 traders. The firms commitment to client satisfaction and its comprehensive range of trading products have contributed to this growth.

Platform Development History

CFBs trading platform has undergone continuous updates to enhance user experience and maintain a competitive edge. The platform supports multiple devices, including iOS and Android, allowing traders to access markets anytime and anywhere.

Important Awards or Recognitions Received

In 2017, CFB was awarded the title of "Best Global Financial Markets Broker EMEA" by CFI.co, recognizing its full-service approach and commitment to excellence in the brokerage industry.

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3. Trading Services Offered

Forex Trading Options

CFB offers a robust selection of forex trading options, providing access to over 50 currency pairs. This extensive range allows traders to capitalize on global currency movements and diversify their trading strategies.

Stock Trading Options

The firm provides trading services for a wide array of global stocks, enabling clients to invest in major companies across various sectors. CFBs platform facilitates seamless execution and real-time market data.

CFD Trading Products

CFB is recognized as a leading provider of CFDs, offering contracts on a multitude of underlying assets, including stocks, indices, and commodities. This allows traders to speculate on price movements without owning the underlying assets.

Other Financial Instruments

In addition to forex and CFDs, CFB offers trading in commodities such as gold and oil, as well as cryptocurrencies. This diverse product range enables clients to explore various investment opportunities.

Special Services or Unique Advantages

CFB stands out with its full suite of risk management tools, allowing traders to set stop-loss orders and manage their exposure effectively. Additionally, the firm provides advisory and support services to assist clients in making informed trading decisions.

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4. Regulatory and Legal Background

Detailed Regulatory Information

CFB is regulated by the Dubai Financial Services Authority (DFSA) and adheres to the standards set forth by the Dubai Economic Department. The firm is also a member of the National Association of Commercial Finance Brokers (NACFB) in the UK.

Legal Entity Structure by Region

CFB operates under a legal entity structure that complies with local regulations in the UAE, ensuring that all trading activities are conducted within the bounds of the law.

Client Fund Protection Measures

CFB takes client fund protection seriously, implementing measures such as segregated accounts to ensure that client funds are held separately from the companys operational funds. This practice enhances security and builds client trust.

Countries/Regions Served

CFB serves clients in various countries and regions, with a particular focus on the Middle East, Europe, and Asia. The firms global reach is supported by its advanced trading platform and multilingual support services.

Compliance History

CFB maintains a strong compliance history, consistently meeting regulatory requirements and industry standards. The firms commitment to transparency and ethical practices has earned it a reputable standing in the financial community.

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5. Competitive Landscape

Main Competitors

CFB operates in a competitive landscape, with several key players in the financial brokerage sector, including:

1. Saxo Bank: Known for its extensive range of trading products and advanced trading platforms.
2. IG Group: A well-established broker offering a wide variety of financial instruments and educational resources.
3. eToro: A social trading platform that allows users to copy the trades of successful investors.
4. OANDA: A forex broker known for its robust trading tools and market research.
5. XTB: A global broker offering a range of trading options and educational materials.

Positioning in the Industry

CFB positions itself as a full-service brokerage firm, emphasizing its commitment to client satisfaction, comprehensive trading solutions, and advanced technology. The firms independent status allows it to prioritize client interests without external pressures.

Market Differentiation Factors

CFB differentiates itself through its extensive range of trading products, cutting-edge trading platform, and personalized client support services. The firms focus on risk management and educational resources further enhances its appeal to both novice and experienced traders.

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Conclusion

Century Financial Brokers (CFB) has established itself as a leading player in the global financial brokerage industry. With a rich history, a commitment to client satisfaction, and a diverse range of trading services, CFB continues to thrive in a competitive landscape. Its regulatory compliance, innovative platform, and dedication to risk management make it a preferred choice for traders seeking reliable and comprehensive financial solutions.

For more information about CFB and its services, learn more here.