Leverate Taps Ben Richter as Head of Institutional Sales

Forex and binary options turnkey brokerage technology provider Leverate has selected Ben Richter as its new Head of Institutional Sales, according to information that he shared on LinkedIn. Prior to moving to Leverate, Richter was the Vice President for Sales and Operations at FXCM Israel (FXCM Trading ltd) from August 2014 until the end of 2015.

Richter worked at FXCM Israel for about eight years, and among the roles he took that were most relevant to his new institutional sales position at Leverate was head of the Institutional FX desk for the Israeli brokerage from 2011 to 2014. Last year, Richter was promoted to the position of VP Sales at FXCM Israel from the institutional desk following the transfer of Yossi Gafni to VP Sales & Operations at the binary options broker, Anyoption,

Last week, Leverate released key yearly statistics showing how the firm fared during 2015 and where most of its business comes from. Among the data points presented, we learned that thanks to a tougher enforcement environment on unlicensed brands in 2015, 86% of the new

brokerages in the EU that signed with the developer chose LXLite because it comes with Regulation out of the box, accounting for 45% of the company’s overall sales in the EU.