MetaQuotes Software has succeeded in expanding the multi-asset user base for its MetaTrader 5 (MT5) trading platform in Brazil. The giant Latin American country’s second-largest brokerage, Rico Corretora, has launched an MT5 service for Stocks, Futures and Options trading on BM&FBovespa.
The Brazilian BM&FBovespa exchange is on the growing list of venues accessible with MT5, such as the Thailand Stock Exchange, the Moscow Exchange and the most recently announced Dubai Gold and Commodities Exchange.
“We are happy to offer this powerful cutting-edge platform to our clients who trade on BM&FBovespa,” says Everson Ramos, IT Director of Rico Corretora. “Traders get access to the rich functionality of MetaTrader 5, including everything from trading and analytical functions which have become a de facto industry standard, to the Market of ready-to-use trading robots, copy trading and built-in virtual hosting. Certainly our cooperation with MetaQuotes opens new horizons to our clients and further increases our competitive advantage.”
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MetaQuotes says it has repeatedly expressed interest in the South American market. The company opened an office in São Paulo in 2012, proceeded to certify its platform at the BM&FBovespa and developed a dedicated gateway to implement connectivity to the exchange.
“Latin America is an attractive market with great need for more advanced technology such as MetaTrader 5 platform,” says Gaies Chreis, COO of MetaQuotes Software Corp. “We’ve done a great deal of work to expand MetaTrader 5 in the Brazilian market. The number of traders using our platform is actively growing. Furthermore, to promote our products and services we hold various trading contests. We are proud of the fact that now Rico Corretora, along with other leading Brazilian brokers, offer MetaTrader 5 to their clients, thus covering the overwhelming share of the market!”