MetaQuotes Software Corp.
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MetaQuotes Software Corp. - overview
Established
2000
Location
-, -, Cyprus
Primary Industry
Software
About
MetaQuotes Software Corp. develops innovative trading platforms tailored for brokers, banks, and hedge funds, with a focus on enabling efficient trading in forex and financial markets. Founded in 2000, MetaQuotes Software Corp. specializes in the development of trading solutions for financial institutions.
The company is based in Cyprus and is known for its flagship product, the MetaTrader 5 platform, which enhances trading capabilities for its users. Nicolas Soria established the company, with Peter Park and Renat Fatkhullin currently serving as CEOs. MetaQuotes has undergone no significant changes in its operations or strategic pivots since its inception. The company operates globally, serving clients primarily in Latin America, Europe, and Asia.
MetaQuotes specializes in developing trading platforms tailored for brokers, banks, exchanges, and hedge funds, with its flagship product being the MetaTrader 5 platform. This platform facilitates trading in forex and financial markets and has gained widespread adoption among millions of traders and hundreds of brokerage firms. It supports advanced trading functionalities, enabling algorithmic trading through its MQL5 programming language, which has recently seen enhancements with the integration of the OpenBLAS linear algebra library. These enhancements introduce nearly 30 new functions that extend the platform's capabilities, particularly in developing Expert Advisors (EAs) that utilize machine learning techniques.
In 2021, MetaQuotes generated revenue of USD 1. 57 mn, with an EBITDA of USD 197,496. Revenue is primarily derived from licensing its trading platforms and providing ongoing support to clients such as brokers and financial institutions, utilizing a B2B model that includes subscription fees and revenue-sharing agreements based on trading volumes executed on its platform. MetaQuotes Software Corp.
intends to expand its offerings by launching new products designed to enhance trading functionalities and user experiences. The company aims to penetrate additional markets, particularly in Asia and Africa, by the end of 2024. Recent funding will be allocated to support product development and market expansion initiatives, ensuring that MetaQuotes meets the evolving needs of its global clientele.
Primary Industry
Software
Sub Industries
e-Financial, Web Applications, Accounting/Finance Software, Content Management Software, Systems Management Software
Website
www.metaquotes.net
Verticals
Cloud Computing, FinTech
Total Amount Raised
Subscriber access only
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