LiteFinance is expanding its footprint in the Asia-Pacific region with the opening of a new regional representative office in Singapore. The move comes as Singapore’s regulator is working with relevant market players to build an FX trading hub and expand the currency market infrastructure.
As part of its expansion in the Asian FX markets, LiteFinance’s IB office will provide professional training courses in trading and investing. The firm believes that this new presence will enhance its offering that includes multi-asset offering and prime solutions. It also improves the eFX trading experience for local partners in Singapore and the APAC region.
The expansion accommodates current client requirements and underpins LiteFinance’s strategy to grow its infrastructure and expands the availability of its product suite in line with local regulations. The products available to attract a client base consisting of FX and CFD traders, proprietary trading houses, and institutional investors that are looking to trade spot FX, precious metals and energies, along with global stock indices.
The group of companies incorporates 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 & the Grenadines and subject to a more flexible, looser regulatory regime. LiteFinance Global LLC is reputed as an experienced and reliable broker service provider, operating since 2005.
LiteFinance had rebranded to its new name back in November 2021. At the time, the broker said the move is the first step in a broader rebranding of their group of companies. At the first stage, they have changed the company’s logo, trademark, and organizational structure.