According to a company announcement, MetaQuotes Software has just announced that it’s opening an office in Dubai, the United Arab Emirates. The name of the company behind the firm’s operations in Dubai is MetaFintech LLC, which will be acting as an official agent in the region.
The company will be executing sales and delivering technical support for the full range of products offered by MetaQuotes Software – both trading platforms MetaTrader 4 and MetaTrader 5 as well as TeamWox, its non-forex related web server application designed for organizing group work in different companies.
The firm states that it will use its base of operations to target the the South Asian region, looking for clients among all brokers and banks based there. The company has also announced that it will be expanding into the South African Republic by establishing a physical presence there.
As emerging markets keep growing faster than developed economies, the biggest potential for growth has been centered in the most populous nations. MetaQuotes follows up on a global trend to establish a physical presence in these new markets where conventional client on boarding methods are not that successful.
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MetaQuotes Software’s COO, Gaies Chreis stated, “More and more brokerage companies are being established in UAE. Therefore, the decision to extend the company’s reach and the scope of cooperation with presence in this region was absolutely necessary. We must be within reach for our clients.”
The company is rapidly growing and its presence in Dubai will facilitate the expansion of our activity in the countries of the South Asian Association for Regional Cooperation,“ he concluded.
The MetaFintech LLC’s Head, Manoj Choudhary shared, ”Platforms have gone beyond the scope of “just being trading terminals” of the financial markets. Nowadays brokers demand a powerful ecosystem, which consist of a variety of services to enhance traders’ capabilities.”
“Such a system should be able to facilitate a whole range of activities from automated copy trading to the ability to use trading robots from a specialized application store. Therefore, providing quality and professional services are among the priorities for MetaQuotes as our clients should be entitled of local service and expert help in any part of the world,” he explained.