LiteForex Rebrands to LiteFinance Ahead of Global Expansion

LiteForex, a multi-asset brokerage, announced on Tuesday that it has changed its brand name to LiteFinance, which came as a part of a major restructuring of the group company.

“We are proud to inform you that our team has made the first step in rebranding our group of companies. At the first stage, we have changed the company's logo, trademark and organizational structure,” the official announcement stated.

The rebranding came after the broker incorporated an entity named LiteFinance Global LLC in St. Vincent & the Grenadines in March 2021.

Opting for New Licenses

The broker's offerings of the broker include trading pairs with Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, along with contracts of differences (CFDs) of stocks, indices, commodities and Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term. It is now planning to add more licenses from new jurisdictions. However, it did not specify any target jurisdiction for obtaining the new license.

“Restructuring our company, we aim to get licenses in new jurisdictions and thus develop our services further,” the broker added.

“Next, we plan to redesign and restructure our official site to make it up-to-date and user-friendlier. Our company has stepped into a new development era, and an extensive set of innovative products is about to come.”

Furthermore, the broker assured that the restructuring process will not affect its operations and client activities.

“Also, we would like to mention that the restructuring process will in no way affect our existing or new clients as the broker's founders and team remain the same. We will continue to provide you high-class services under a new brand name!” the broker stated.