Broker News

LiteFinance Launches a Regional Office in Singapore

LiteFinance, a retail forex and CFDs broker, has opened a new regional representative office in Singapore to boost its presence in Asia.

The new office was announced on Tuesday and will assist the broker’s clients and partners in Singapore and provide professional training courses in trading and investing locally. Furthermore, the firm anticipates earning money in the financial markets with fresh ideas.

LiteFinance is a member of the Investor Compensation Fund (ICF), which ensures that your hard-earned money is protected. It is also licensed and regulated by the UK’s Financial Conduct Authority (FCA).

Extended Local Presence

It’s the latest of similar regional representative offices throughout Asia and Africa. LiteFinance has a physical presence in Ghana, Kenya, Indonesia, Mongolia, Kyrgyzstan, Morocco, Burma (Myanmar), Vietnam, Thailand, and other countries, as seen on its website.

LiteFinance provides traders with trading pairs that include forex and contracts of differences (CFDs) on equities, commodities, indices, and cryptocurrencies. But, the instruments available differ from one country to the next.

It’s still based in London, but LiteForex is now called LiteFinance. It rebranded last year when the name was changed from LiteForex to LiteFinance. It was one of several changes made by the group company as part of a significant restructure.

LiteFinace is regulated by the Cyprus financial market regulator, which allows it to provide services within the European Economic Area. Another group branch was established in St. Vincent & the Grenadines in March 2021, making it a subsidiary of LiteFinace Group. The group stated its intention to apply for new license approvals but did not name the target location.

According to the broker, they intend to acquire licenses in new jurisdictions and expand their services further to restructure the firm. “It’s time for us to get down to business with a slew of new and exciting goods on the way,” the broker added.

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