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

(FNG has reached out to various senior sources at MetaQuotes, who at the time of writing have not replied). It might seem strange, almost nonsense, but the MT4 and MT5 platforms are no longer available for download in the App Store. The Metatrader 4 (MT4) for iOS is not available to download from the Apple App Store. Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

metatrader removed from app store

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Anyone know why mt4 / mt5 were removed from the app store?

As part of the scam, scammers ask retail traders to download the MetaTrader app. MetaQuotes on the other hand completely denies anything to do with this scam. On the other hand, Forbes itself quotes Apple spokesman Adam Dema as revealing that the company is investigating complaints against MetaTrader. Dema emphasized that Apple will take further action to protect App Store users if necessary.

  • By guiding and mentoring your team, you help keep pace with changing demands and make sure every product and demo machine is where it should be.
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  • 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.
  • This incident apparently affected not only MetaQuotes but also numerous brokers that use the platform.
  • According to reliable sources, the cancellation of MetaQuotes apps was caused by the strong friction between Western countries and Russia.

Or will MetaQuotes adhere to future guidelines provided by Apple and be re-listed on the App Store? What happened between Apple and MetaQuotes may be unfortunate and could serve as a turning point for users. Currently, traders using iOS devices have to start sourcing for other platforms, while Android users can continue to enjoy using the app as MT4 and MT5 on the Google Play Store.

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Through the years, as MT4 and MT5 grew to become the number one trading platform, usage improved over time with the introduction of mobile trading. MetaTrader seems strange, nearly nonsense, but the MT4 and MT5 platforms are no longer available for download in the App Store. This swift removal by Apple from the used trading platforms in the world has caused a few disagreements between traders for various reasons. App versions of the popular PC electronic trading platforms  are provided by MetaQuotes Software Corp., a Russian software company that also has registration offshore in Limassol, Cyprus.

metatrader removed from app store

Some think that following the sanctions imposed on Russia, Apple is removing Russia-related apps from the App Store. Although MetaQuotes is currently based in Cyprus, the company is from Russia. Moreover, the founder and CEO of MetaQuotes, Renat Fatkhullin, and his brother, Lenar Fatkhullin, who is also the Marketing Director of MetaQuotes, are Russian.

Why was MetaTrader removed from the App Store?

We’ve spent
years perfecting our web and mobile apps to give brokers the edge they need to
attract and retain retail traders. Although iPhone and iPad users who
have already downloaded the trading platforms can continue to use them, they
will be unable to access updates, upgrades or fixes. In the MetaTrader Removed from the App Store of MT4 VPS, it’s likely to log into the VPS utilizing a remote desktop app on your device; this is the same software some of our clients use to attack the VPS on a PC. Ios banned Metatrader 4 and Metatrader 5 Apps because of the above reason. MetaTrader has been Removed from App Store important that you use the remote desktop app link sparing here, as a definite simulation can cause harm to your device. Reality is by far the most used trading platform in the world and a provider for trading by thousands of online brokers, and you will have to determine the best solution.

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Later, I continue to share market information on online platforms to educate others. Last week, users were shocked by the disappearance of the MetaTrader 4 and MetaTrader 5 applications from the App Store. This has taken the forex and CFD trading industry by storm because MetaTrader is the most used trading platform. Each broker can customise the platform with the tools
and features they wish to offer their clients.

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Both the MetaTrader Removed from the App Store and the desktop versions of the software are present for download at all times on Google Play. Russian payment system Mir, which was only supported by a handful of countries outside Russia, was also dealt a heavy blow this week  after suspension by banks in Turkey and Central Asian countries after the U.S. Treasury sent a letter to financial institutions  warning they risked penalties if they maintained commercial ties with sanctioned Russian individuals or businesses, or any entity linked to them. 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.

metatrader removed from app store

On the perverse, as far as Android devices are disturbed, everything debris is unchanged. For now, traders are waiting for answers and many are looking for alternative solutions. CTrader is still a great alternative to MetaTrader and offers its application on desktop, web, android, and iOS. The removal of MT4 and MT5 from the App Store does not seem to be affecting those in the Apple / iOS mobile environment (iPhone, iPad) who have already downloaded the apps to their devices.

MetaTrader MT4 and MT5 removed from the Apple App Store

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