The scramble to win more clients in the crypto world continues to garner heat with brokerages grabbing the most appropriate strategies to reach the traders. The case is no different in LiteFinance, a CFDs broker after planting an office in Asia. The office was opened in Singapore as a plan to diversify its services and reach more clients.
The office opening was announced on Tuesday, highlighting some of the operations to be employed among them, offering support to clients and partners in Singapore. In addition, the office will provide professional training courses in trading and investing.
LiteFinance, earlier known as LiteForex, also plans to provide solutions to generate profits in the financial markets.
The presence of LiteFinance in Singapore comes days after they announced their step to raise the leverage size for all cryptocurrency pairs to 1:50. Clients can enter cryptocurrency trades of greater volume, and the positions can be maintained by 2% of the transaction amount.
However, clients were asked to take into account that the leverage size changes will proportionally change the margin amount, and that might affect their trading decision if not keenly observed.
The crawling of LiteFinance globally has seen it shine in Africa with regional representative offices being witnesses in multiple countries. Among them; are Kenya, Kyrgyzstan, Mongolia, Ghana, Indonesia, Myanmar, Thailand, Vietnam, and the most recent office in Morocco.
The offering of instruments by the brokerage varies from one territory to another. Some of the main offerings include; trading pairs, indices, CFDs, commodities, and cryptocurrency.
LiteFinance is regulated by a regulatory firm in Cyprus, giving the services within an EEA radius. The company, however, targets to acquire a new regulatory license although it did not disclose the particular country.
“Restructuring our company, we aim to get licenses in new jurisdictions and thus develop our services further,” the broker stated earlier. “Our company has stepped into a new development era, and an extensive set of innovative products is about to come.”
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