According to informed sources, renowned trading software company MetaQuotes has recently carried out large-scale layoffs in the Asia-Pacific region, affecting offices in China, Singapore, Australia, and other locations. This round of layoffs was directly executed by personnel from MetaQuotes' European headquarters, with specific reasons yet to be clarified.
Unofficial sources suggest that these layoffs might be related to MetaQuotes' sales policy. Since the MetaQuotes application was removed from the Apple Store in 2022, the company has tightened its software sales policy and implemented stricter KYC (Know Your Customer) checks, making it exponentially more difficult for forex brokers to apply for MetaQuotes software. Industry insiders believe that this move by MetaQuotes might be aimed at meeting compliance requirements for a potential IPO.
As of now, there are no further detailed reports. Traderknows will continue to monitor the situation and provide timely updates.
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