Zenfinex Gears up for Global Expansion with DFSA License

Forex and CFD broker Zenfinex has secured the Dubai Financial Services Authority (DFSA) licence to provide financial services in the Middle East and North Africa (MENA) region, as part of its global strategy for expansion.

Zenfinex is a globally recognized brokerage headquartered in London. Nick Cooke founded the company in 2017 which is regulated by the FCA. The client base has grown rapidly, now spanning Europe, Asia, Australasia, South America and Africa.

The new license came after the broker Zenfinex obtained regulatory license under the Seychelles Financial Services Authority (FSA) earlier this year. In addition, the company has announced major hires to ramp up its international growth plans, including Christelle Haddad as Head of Customer Support in MENA, Alexandros Kritiotis as Global Chief Operating Officer, Quyen Bui Ha as Country Manager and so on.

In FY 2021, Zenfinex's revenue came in at £238,756​, up 1,281 percent compared to the prior year's £17,281. The administrative costs to the broker shot up to more than £2 million from the previous year's £514,198, which resulted in a loss of £1.7 million. This number for FY2020 was £496,197.