LiteFinance Opens a New Regional Office in Singapore

LiteFinance (formerly LiteForex), a retail forex and CFDs broker, has expanded its operations in Asia by opening a representative office in Singapore.

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The new office, which was announced on Tuesday, will give support to the broker's clients and partners in Singapore, as well as offer professional training courses in trading and investing. In addition, the broker anticipates that innovative solutions will make profits on the financial markets.

There are already over a dozen regional representative offices throughout Asia and Africa. According to the company's website, LiteFinance has a physical presence in Ghana, Indonesia, Kenya, Kyrgyzstan, Mongolia, Morocco, Myanmar, Thailand, and Vietnam, among other nations. LiteFinance offers forex trading pairs in addition to contracts for differences (CFDs) on equities, indices, commodities, and cryptocurrencies. Nevertheless, the available instruments differ by jurisdiction.

Moreover, its name was changed from LiteForex to LiteFinance in the last year. It was part of a significant reorganization of the group corporation.

LiteFinance is authorized by the Cypriot financial market authority to offer its services throughout the EEA. Since March 2021, another group subsidiary has been created in Saint Vincent and the Grenadines. The organization previously disclosed its intention to secure additional regulatory permits but did not specify a jurisdiction of interest.

"By restructuring our firm, we intend to get licenses in additional jurisdictions and expand our services," the broker claimed before. Our firm has entered a new phase of development, and a vast array of creative items are on the horizon.