LiteFinance wins innovative broker categories in Asia and MENA at Global Brand Awards

Rick Steves

“In 2022, we actively developed our business in Asia and the MENA region. I’m proud to know the clients from those regions have highly rated our services. Our user-friendly and easy-to-use web platform, the best trading conditions, and the reliable copy-trading system allow us to expand further. I thank our traders and partners for having chosen our company.”

FX and CFD brokerage LiteFinance has won two categories of the Global Brand Awards, an annual event held by UK-based Global Brands Magazine (GBM).

The awards aim to recognize global brands achieving excellence in performance across a broad range of sectors while keeping its readers updated on key trends surrounding the branding world.

LiteFinance won Most Innovative Regional FX Broker in Asia and Most Innovative ECN Broker in MENA. LiteFinance was evaluated based on Innovation, performance and reliability, according to the announcement.

LiteFinance actively developed business in Asia and MENA in 2022

Jay Reddy, Director at Global Brands Magazine, said: “LiteFinance proved why it is the Most Innovative ECN Broker in MENA and the Most Innovative Regional FX Broker in Asia. With their expertise in innovation, LiteFinance has managed to retain its superior position in the financial industry and has been one of the few brands that have consistently remained an Industry leader despite the ever-changing conditions of the economy.”

Alexey Smirnov, Chief Executive Officer of LiteFinance, commented: “In 2022, we actively developed our business in Asia and the MENA region. I’m proud to know the clients from those regions have highly rated our services. Our user-friendly and easy-to-use web platform, the best trading conditions, and the reliable copy-trading system allow us to expand further. I thank our traders and partners for having chosen our company. The team at LiteFinance will be there for you!”

LiteFinance provides clients with access to liquidity in the currency, commodity, and stock market, as well as cryptocurrencies through CFD products tradeable via popular trading platforms MetaTrader 4 and MetaTrader 5. The broker was founded as LiteForex in 2005 and recently rebranded to LiteFinance.

Ahmed Badr joined LiteFinance to strengthen Business Development

LiteFinance has recently appointed Ahmed Badr as its newest vice president of business development. The veteran executive recently ended a short stint with MultiBank Group where he served as its branch manager in Egypt. Prior to that, he spent seven months as a regional business development manager at easyMarkets in Cyprus.

Other stops within the foreign exchange industry include working as a business development manager for the MENA region at ForexTime (FXTM). There Ahmed was tasked with identifying business opportunities to raise the company’s market share. He also spent nearly two years as a client support manager at ThinkMarkets, according to information made public on his Linkedin profile.

Over the course of his career, which dates back to 2003, additional roles include senior stints at UK-based global broker ICM.com, culminating with the position of its business development manager.

Read this next

Retail FX

AvaTrade seals sponsorship deal with F1’s Aston Martin team

Dublin-based forex broker AvaTrade today announced that it has concluded a sponsorship deal with Formula One’s Aston Martin Cognizant team that entails sponsorship rights and other marketing benefits.

Executive Moves

M4Markets onboards Invaxa CEO Marios Antoniou as COO

Seychelles-regulated brokerage firm M4Markets has appointed Marios Antoniou, who has a colorful career within the foreign exchange industry, in the capacity of its Chief Operations Officer.

Digital Assets

GK8 now allows clients to control their digital assets as they would their fiat

“As the institutional market is increasingly turning to self custody, our policy engine empowers them to automate transactions, approvals, and even crucial workflows, while providing the highest degree of security, consistency, governance and control.”

Digital Assets

Retail CBDCs in the UK: “Welcomed” by CryptoUK and R3, but “Dystopian” for ETC Group

“At this stage, we judge it likely that the digital pound will be needed in the future. It is too early to decide whether to introduce the digital pound, but we are convinced preparatory work is justified”, said the BoE and HM Treasury.

Institutional FX

Centroid taps Iress API to provide retail brokers with real-time market data

“It has always been a challenge to have an efficient, elegant solution for market data and order execution for retail brokers, but with Iress we have found absolutely the right partner to add to our client offering.”

Digital Assets

Ramp launches FCA-approved off-ramp product, onboards Brave, Trust Wallet, Ledger

“To obtain and maintain our FCA registration, we must meet and operate within their strict anti-money laundering and counter-terrorist financing standards. This is a huge achievement for us, as compliance is a cornerstone of our business and what we stand for.”

Institutional FX

State Street launches FIX API for Fund Connect ETF platform

“Expanding from proprietary APIs to the FIX industry standard will bring us closer to our goal of 100% digital interactions. This is another example of innovations we’ve brought to our operating model as we celebrate 30 years of servicing ETFs since the launch of SPY.”

Industry News

HollyWally opens office in Portugal to bring B2B2C wallet-as-a-service platform to Europe

“We looked at a number of centers for startups throughout Europe and were attracted straight away to Lisbon. There is great Government support and enthusiasm for startups, it’s well positioned between our Asian and US offices, it’s a cost-effective city in which to base a fintech and it’s a beautiful place.”

Retail FX

Eightcap integrates Acuity’s economic calendar for trade ideas on MT4 or MT5

“By incorporating Acuity’s cutting-edge AI technology into our platform, we are able to offer our clients a powerful new tool that will help them stay ahead of the markets. We are committed to providing an extensive range of tools and educational resources that will enhance our clients’ trading experience and allow them to trade smarter.”

<