Thursday, November 30, 2023
HomeFinTechMetaTrader Banned on Apple's App Store What Does This Mean for...

MetaTrader Banned on Apple’s App Store What Does This Mean for Brokers?

“We are happy that the situation has been resolved and we managed to find an understanding with Apple,” Renat Fatkhullin, CEO of MetaQuotes, commented. After customers purchase our products, you’re the one who helps them get more out of their new Apple technology. Your day in the Apple Store is filled with a range of focused support and service tasks.

App Store takedown highlights security flaws in top Forex trading … – Daily Maverick

App Store takedown highlights security flaws in top Forex trading ….

Posted: Wed, 28 Sep 2022 07:00:00 GMT [source]

You understand that the Apple Store is dedicated to delivering a customer experience that’s unlike any other. And with the support of your store team members, you match those needs with the right products. Every day is an opportunity for you to turn another visitor to the store into a loyal Apple customer. If you’ve only used Trading View, it will take some time getting used to, however, it’s really easy to learn and navigate. MT4 seems to be the most commonly used with multiple prop firms, which is why I use and recommend it. One thing I would like to see is an easier way to adjust a the stop loss and take profit.

MetaTrader 4

Both can be downloaded from our site, as well as on the Android App Store (who have offered MT4 and MT5 uninterrupted during this time) and, now, the Apple App Store as well. Mobile applications can be downloaded from the App Store (MetaTrader 4, MetaTrader 5) and from Google Play Store (MetaTrader 4, MetaTrader 5), as well as from the official website of the platform. The advanced technical tools offer multiple powerful features that are
unavailable on other platforms, such as templates, personalised chart views
(chart, grid, session, price), overlay charts, and detached and floated charts.

Our mission is to provide clients and partners around the world with the opportunity to become successful in the financial markets. A MetaQuotes representative told Finance Magnates that the company received a letter from Apple on Friday, September 23, stating that
the firm’s trading apps do not comply with the App Store Review Guidelines. Each broker can customise the platform with the tools
and features they wish to offer their clients. Brokers are hopeful that MetaQuotes will be looking at ways to resolve
the situation. Alternatively, Apple’s move could push
brokers to look at other trading applications or even consider developing their
own platforms. Apple’s ban of MetaTrader comes two weeks after Forbes profiled one California-based scam victim, who lost over $1 million last year.

More by MetaQuotes Software Corp.

While MetaTrader 4 was designed specifically for forex traders, MT5 broadened the MetaTrader appeal to offer more markets to trade upon – for example, the ability to speculate on stocks for the first time – as well as other features. Apple has temporarily removed the MetaTrader 4 and 5 apps from the App Store. The applications are still available for download on Google Play and existing users will not be affected. The apps previously downloaded on iOS devices will remain fully functional, but you won’t be able to get new updates anymore. We recommend that you don’t delete previously installed MT4/MT5 apps from your iPhones.

metatrader 4 removed from app store

While iPhone users may not be able to download MetaTrader on their device, for traders who have installed it long ago, the app still works fine. Since the birth of both MT4 and MT5, countless of comparison have been made but MT4 dominated in popularity. However back in June 2021, MT5 became more popular than MT4 among brokers which highlights the constant improvements the parent company, MetaQuotes provides. This led to MT5 winning the “Best Multi-Asset Trading Platform” award at the Global Forex Awards 2021. The award recognises the best solutions which enable an innovative and value-driven approach to multi-asset trading and technological integration.

About this app

The official reason has not been disclosed but this unexpected move sparked varied speculations. One probable speculation is the increasing number of frauds being executed through the MT4 and MT5 app which prompted Apple to take quick and drastic action. The removal of MT4 and MT5 from the Apple App Store has been shrouded in mystery, with little communication from either Apple or MetaQuotes at the time of its sudden departure. Various theories have speculated on the reason for this, but none have been officially confirmed. Finance Magnates reports that prospective forex and CFD brokers are finding it hard to be onboarded by white-label services to kick off their new brands. Nonetheless, white-label brokers provide customized versions to their clients.

One thing is for sure, alternative platforms will be using this as an opportunity to further improve their security and advance their technology. For Apple users who have installed either MT4 and MT5 previously on their IOS device, there is a possibility to reinstall the platform by going to the App Store and go to “Account”, then click “Purchased” and choose the previously installed version [4]. “The removal of the Apps does not only affect the parties involved but also the industry as a whole,” the representative added. Neither Apple nor MetaQuotes have commented on the removal, or the reason(s) for the removal of MT4 and MT5 from the App Store. (FNG has reached out to various senior sources at MetaQuotes, who at the time of writing have not replied). New users can no longer download the application from the Apple App Store.

‘No Link to Western Sanctions on Russia’

The impact will really be
felt over the longer term if brokers can no longer offer the platforms to new
clients. Without any prior notification or formal
announcement, Apple removed the MetaTrader 4 and MetaTrader 5 online trading
platforms from its App Store. A popular smartphone app used to conduct foreign exchange transactions known as MetaTrader (or MT4 or MT5, depending on the version), was quietly removed from Apple’s App Store last Friday. As of this writing, the app remains available on the Google Play store. Well-liked foreign exchange and contract for distinction (CFD) buying and selling platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), are now not obtainable for downloading on the Apple App Retailer.

  • Apple’s sudden removal of MetaTrader led to various speculations on online forums.
  • MT4 and MT5 together captured 83.8% of the total market share at the end of Q2 2022, according to Finance Magnates Intelligence.
  • MT4 seems to be the most commonly used with multiple prop firms, which is why I use and recommend it.
  • Well-liked foreign exchange and contract for distinction (CFD) buying and selling platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), are now not obtainable for downloading on the Apple App Retailer.
  • Reasonable Accommodation and Drug Free Workplace policyLearn more (Opens in a new window) .
  • The MT4 software remains MetaQuotes’ most beloved product to this day.
  • At the end of the day, it’s your organizational skills and dedication that are at the heart of what the Apple Store does — connecting people to the products they love.

Our XOH Trader platform, with both web and
mobile app versions, is a powerful and intuitive HTML5 platform that delivers
high performance, reliability, and speed across browsers and mobile operating
systems, including Android and iOS. MetaTrader has provided no explanation as to how unscrupulous actors can use the software to illustrate fake trades, nor what actions, if any, it has taken to mitigate this behavior. The Consul General and his principal officers direct the activities of the United States Consulate General in Frankfurt. The Frankfurt Consulate is the largest U.S. consular post and one of the largest diplomatic missions in the world. The Consulate serves the American resident community – including members of the Armed Forces and their families, business people and retirees – and assists many other visitors to Frankfurt. Apple is committed to working with and providing reasonable accommodation to applicants with physical and mental disabilities.

Breaking News

Margin trading involves a high level of risk and is not suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Blueberry Markets, and seek independent advice if necessary. Forex and CFDs are highly leveraged products, which means both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford to incur losses that will not adversely affect your lifestyle.

metatrader 4 removed from app store

Related Post


Please enter your comment!
Please enter your name here

- Advertisment -

Popular Posts


Related Posts

Cryptocurrency Wallet: Understanding Its Purpose, Security, and Types

Some users send a small test transaction before sending large amounts of crypto as a precaution. Sending coins incurs a fee that is paid...

Computing at the cutting edge

This means that the money spent on these technologies can end up being wasted if the technology becomes obsolete too quickly. There’s a good...