MetaTrader 4 and 5 are banned from the Apple Store, what now?

These are some of the reasons why the possible takedown of the mobile trading app from the Apple App Store occurred. MetaQuotes released MT4 in 2005, and the platform was aimed initially solely at forex trading. Upgrades followed to include CFD trading for multiple asset classes, including stocks, indices, commodities energies, and futures.

In the year of 2018, there have been recorded 108 days with a maximum of over 25 °C and 43 days with a maximum of over 30 °C (compared to 52 and 13 days on average per year between 1981 and 2010). The overall tendency for higher temperatures can be seen when comparing the climate data from 1981 to 2010 with the data from 2010 to 2020. It is getting sunnier, drier and warmer and the climate resembles more a humid subtropical climate (Cfa). Apple staff met with Chinese officials in recent months to discuss concerns over new rules that will restrict the tech giant from offering many foreign apps currently available on its iPhone app store in China.

Consumer finance group seeks more privacy in digital euro use

China is one of Apple’s biggest markets, only falling behind the US in sales. It accounted for about $74 billion of Apple’s revenue in the full year to September 2022, Insider previously reported. The change comes amid challenges Apple has faced in China, which happens to be where 95% of iPhones, AirPods, Macs, and iPods are made. The country banned Chinese government employees from using iPhones at work a week before the new iPhone 15 launched. The tech giant has been meeting with Chinese officials about restrictive new rules that would take away the foreign apps currently offered on the App Store, The Wall Street Journal reported.

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. Although it initially seemed a significant problem, traders who have MetaTrader installed on their devices can continue using the app with the only limit — they can’t get any updates or new features. On September 23, 2022, users found MT4 banned and MT5 banned from the Apple App store.

Fractal Support and Resistance MT4 Indicator

Due to Russia’s political situation and other factors (as mentioned above), you can no longer download MT4 or MT5 from the Apple App Store. However, MT4 mobile is still available for all Android users (as you will see). On the 23rd of September, Apple informed MetaQuotes, the developers of MT4 and MT5, of their intention to remove the popular trading apps from the App Store. Regarding the reasons that Apple removed MT4 and MT5, there has been much speculation being discussed online over the past number of hours, with much of the discussion centering on Apple removing other apps with ties to Russia. While MetaQuotes is based in Limassol, Cyprus, the company has its origins in Russia and its founder and CEO Renat Fatkhullin, along with his brother Lenar Fatkhullin who serves as Marketing Director for the company, are Russian.

While the move by Apple to remove MT4 and MT5 from the App Store could open the door for more brokers to move to these alternatives, according to the company, MetaQuotes is in talks with Apple to find a remedy. 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).

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TickTrader was developed by those who understand market requirements and value customer performance and security. We have done extensive reviews on brokers and found ZFX to be one that covers all these points while being client-orientated and transparent. Until now, neither Apple nor MetaQuotes have commented on the removal of MT4 and MT5 from the App Store or the reason(s) for the removal. Apple stopped all product sales and suspended financial services, including Apple Pay in Russia in March.

One area that traders might worry about in the absence of the MetaTrader
platforms, is the feature-rich charting tools. XOH Trader and XOH Mobile come loaded with advanced charts
that are intuitive enough for novice traders to use conveniently, while
offering advanced traders all the tools they need for informed decision-making. The impact will really be
felt over the longer term if brokers can no longer offer the platforms to new
clients. Although the reasons behind the move have not
been clarified, it is believed that the removal of the platforms could be due
to several scams reportedly implemented through these platforms. 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.

How Did the Ban Affect Traders?

We touched on the fact that you may want to consider changing your broker. If you are a day trader and do not have much capital invested, this might be a wise choice. Visa and Mastercard suspended their operations in Russia, bank transfers and financial transactions have been banned.

In a WhatsApp text message sent late Sunday evening, Cy, the victim who has still been unable to recoup any of his losses, said he was pleased that Apple had removed the trading app. He had previously told Forbes that a large part of why he was convinced to download it was that it had positive reviews and could be found on Apple’s App Store. Apple objected to these fines, saying that the regulator had incorrectly defined relevant markets and had overestimated the dominance mt4 removed from apple store of Apple’s position in the dating app market. The ACM in 2021 ruled that Apple violated Dutch competition laws in the dating app market and required Apple to allow developers of dating apps to use third-party payment processors. The ACM said Apple has complied with most of its demands to open its App Store to alternative forms of payment for dating apps in the Netherlands, but had not met an undisclosed third element of the conditions related to the fines.

Company

MT4 was released in Russia in 2005 before MT5  came in 2009 to support more trading instruments. According to a study conducted in September 2019, MetaTrader 4 was still the most popular trading platform in the world at the time. Apple appears to have pulled popular trading apps MetaTrader 4 and MetaTrader 4, also known as MT4 and MT5, from the App Store overnight in a move possibly linked to the Western sanctions over Russia’s invasion of Ukraine. MT4 and MT5 remain the standard all other trading platforms need to reach to be successful.

• There is no way to correlate the legitimacy of the app with the legitimacy of the brokerage.
• The ACM in 2021 ruled that Apple violated Dutch competition laws in the dating app market and required Apple to allow developers of dating apps to use third-party payment processors.
• We now have a good idea of why Apple may have removed MetaQuotes’ MT4 and MT5 apps from the AppStore.
• Push notifications are another unique feature, which keep traders engaged
  and encourage them to make the most of market opportunities.
• Since Apple removed the platforms in September, MetaQuotes has been actively addressing Apple’s issues with the apps.