MetaQuotes Opens Representative Office in Bulgaria Led by Emre Peser

MetaQuotes has officially announced that it is opening a new representative office in the capital of Bulgaria, Sofia. The local subsidiary’s name is MetaPenta and it will be led by the Founder-Partner of MetaTürk Software, Emre Peser.

The company is set up as an IT consultancy and will be benefitting from a relatively low flat corporate tax rate of 10 percent in Bulgaria. The move happens as businesses in Turkey, where Mr Peser has been working at MetaTürk Software, feel increasingly anxious about the future amid growing political uncertainty and a squeeze of the retail forex industry.

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MetaPenta Software will be adhering to the business strategy and goals of its parent company MetaQuotes. The company’s website is highlighting the advantages of the MetaTrader 5 suite over MetaTrader 4, continuing on the effort to push clients to transfer their business to the Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term of the software developer.

MetaQuotes is highlighting that the main goals of the Bulgarian subsidiary will be to improve the company's services and attract more broker clients from neighboring Balkan countries.

Commenting on the announcement, the Head of MetaPenta Software, Emre Peser said: ”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.”

“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,” Mr Peser concludes.