MetaQuotes Software Corp., developer of the most widely used FX trading platform, unveiled that it is opening a new representative office in the capital of Bulgaria, Sofia.
The main goal of MetaQuotes’ office in Sofia is raising the offered services to a whole new level, and attracting brokers and financial organizations from the Balkan countries.
Reasons behind opening the new office
The local subsidiary will carry the name MetaPenta and it will be led by the founder of MetaTürk Software – Emre Peser.
“We are pleased to offer such a high-tech product such as MetaTrader 5 as we are constantly trying to provide the best trading conditions for our customers. We launched the platform as early as 2012, and so far we have implemented all the additional applications, such as mobile versions for iOS and Android. This year, we have switched to the updated MetaTrader 5 featuring hedging. Besides, we are the first ones who offered the web-based MetaTrader 5 application in Bulgaria,” said Petar Krustev, executive director of Benchmark Finance.
“The decision for this investment was based on personal observations of the parent company that Bulgaria’s economy is actively developing. There are several brokers using MetaTrader 4 and MetaTrader 5 in Bulgaria at the moment. But I also see a lot of potential opportunities to expand the market share of MetaQuotes Software Corp. products. This will be our main objective. The company will work as an agent of MetaQuotes and as such should serve to implement the business strategy and tasks set by its parent company,” said Emre Peser, Head of Metapenta Software.
The company is established as an IT consultancy, and will enjoy a relatively low flat corporate tax rate of 10 percent in Bulgaria.
MetaQuotes Software was established in 2000 in Russia, but later moved its headquarters to Cyprus. It is regulated by local financial watchdog, the Cyprus Securities and Exchange Commission (CySEC). MetaTrader trading platforms are currently used by hundreds brokerage companies and banks all around the globe.