MetaQuotes Expands Presence in Latin America with New Mexico City Office

Monday, 05/02/2024 | 11:31 GMT by Tareq Sikder

The new office aims to improve service for current clients and create partnership opportunities.

According to the firm's analysis, 86% of traders prefer latencies under 4 milliseconds.

MetaQuotes, a provider of financial technology solutions, has announced the opening of its new office in Mexico City. The establishment of this branch signifies MetaQuotes' commitment to serving local businesses and clients from neighboring countries in Latin America.

Collaboration in Latin America's Fintech Scene

The CEO of MetaQuotes, Renat Fatkhullin, expressed his enthusiasm about the launch: "Our products are gaining popularity in this region, so the opening of a new representative office is a logical move which will enable us to work more closely with users. The new office will help enhance the quality of service for existing clients and will open up wide opportunities for cooperation with new partners."

The opening of MetaQuotes' representative office in Mexico marks a milestone in the company's expansion efforts in Latin America, promising enhanced support and opportunities for collaboration in the region's financial technology landscape.

Geographical and Usage Trends in MetaTrader VPS: MetaQuotes' Analysis

In a recent research project, MetaQuotes studied traders who use virtual servers for automated trading, as reported by Finance Magnates. The focus was on MetaTrader VPS, a service that helps traders trade continuously with little delay in networks. The findings were presented in easy-to-understand graphics, giving insights into who uses the service and what they prefer.

One important discovery was about network speed between the virtual machine and the broker's server. A big majority, 86% of traders, prefer very low latencies, not more than 4 milliseconds. They want fast connections to ensure their trading algorithms work predictably and smoothly, reducing the risk of prices changing before orders go through.

The study also looked into why traders use VPS. Surprisingly, trading robots are much more popular than trading signal subscriptions. The data showed that 86% of users prefer automated systems on virtual machines, while only 12% use the service for copying signals.

Geographically, the study found that 75% of the most popular trading servers are in just three countries. It's interesting that the top three countries where traders use VPS are on different continents.