Leverate, a technology solutions provider for brokers, is expanding its global presence with the addition of new sales executives in Dubai and Latin America. The company's growth initiative follows a significant uptick in sales and market expansion, particularly in Asia and LATAM.
Leverate Expands Global Footprint amid 70% Sales Surge
The firm has experienced a 70% increase in sales since the beginning of the year, primarily attributed to the launch of its new product tailored for proprietary trading (prop) firms. This surge in demand has prompted Leverate to strengthen its team and establish new offices in those key markets.
"These two markets are very important to us, and we are committed to establishing and expanding our presence to support local customers," Shmulik Kordova, Chief Commercial Officer of Leverate, commented.
Leverate decided to join the prop trading game at the beginning of March when the company presented its white-label solution for firms interested in entering this rapidly growing space. The Israel-based company created a tool that includes a trading platform, client portal, challenges dashboard, CRM, back office, risk management, and liquidity integration.
"The increase in sales follows the launch of our new white label solution for prop firms, which has seen growing demand. We are solidifying our position as a major supplier in the prop industry, thanks in part to our highly attractive fixed pricing,” Kordova added.
Next, in April, Leverate introduced updates to its flagship trading platform, adding enhancements specific to the prop trading industry. This provided prop trading firms with access to real-time market data, sophisticated charting tools, and customizable analytics.
Leverate's prop trading offerings have recently been utilized by YourPropFirm. Additionally, an increasing number of traditional FX/CFD brokers are joining this space. The latest example is the move by the broker ThinkMarkers, which launched its own prop trading brand, ThinkCapital.
The shift towards new markets came after Leverate relinquished its long-held Cyprus license, which was issued by CySEC .
