LiteForex will be rebranded to LiteFinance before global expansion

Brokers are planning to obtain a business license in the new jurisdiction. Multi-asset broker LiteForex announced on Tuesday that it has changed its brand name to Lite Finance as part of a broader restructuring of its group companies.

“We are proud to announce that our team has taken the first step in rebranding our corporate group. In the first step, we have changed the company logo, brand, and organizational structure.” Stated.

The name change took place after the broker established an entity called Lite Finance Global LLC in March 2021 in St. Vincent and the Grenadines.

Opting for New Licenses

The broker`s offerings of the broker include trading pairs with Forex, along with contracts of differences (CFDs) of stocks, indices, commodities, and Cryptocurrencies. 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.