LiteFinance strengthens its presence in Asia with an office in Singapore
LiteFinance expands its presence in the Asia-Pacific region with the opening of a new regional representative office in Singapore. The move comes as Singapore’s regulator works with affected market participants to build an FX trading center and expand FX market infrastructure.
As part of its expansion into Asian foreign exchange markets, LiteFinance’s IB office will offer professional training in trading and investing. The company believes this new presence will strengthen its offering which includes a multi-asset offering and best-in-class solutions. It also enhances the eFX trading experience for local partners in Singapore and the APAC region.
The expansion responds to current customer requirements and underpins LiteFinance’s strategy to grow its infrastructure and expand the availability of its product suite in accordance with local regulations. The products available to appeal to a client base of FX and CFD traders, proprietary trading houses and institutional investors looking to trade spot currencies, precious metals and energies, as well as global equity indices.
The business group includes two institutions that operate in different regions:
Founded in 2009, LiteForex is domiciled in Cyprus, where its Liteforex (Europe) Ltd brand is regulated by CySEC. LiteForex provides services to clients from the European Economic Area.
The group of companies also includes LiteFinance Global LLC (formerly LiteForex), registered in St. Vincent and the Grenadines and subject to a more flexible and flexible regulatory regime. LiteFinance Global LLC is renowned as an experienced and reliable brokerage service provider, operating since 2005.
LiteFinance had changed its name in November 2021. At the time, the broker said the move was the first step in a broader rebranding of its group of companies. First, they changed the company’s logo, brand and organizational structure.