The company simply stated that these MetaQuotes instruments didn’t comply with the App Store’s review guidelines. Though, there hasn’t been any formal explanation from the company. Without any prior notification or formal
announcement, Apple removed the MetaTrader 4 and MetaTrader 5 online trading
platforms from its App Store. “If MetaTrader won’t do anything on the grave issues raised by users who trusted them, then the responsibility falls on platforms like Apple and Google Play store that list MetaTrader,” he wrote in an email. It is however unclear, how MetaQuotes was deemed responsible for action. A possible reason an app get removed from the App Store is for being flagged by users.
Keeping this in mind, never invest more money than you can risk losing. The risks involved in trading may not be suitable for all investors. ECS doesn’t retain responsibility for any trading losses you might face as a result of using the data hosted on this site.
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They can still, however, download it from the Google Play Store. Developed by the Spotware Systems group in 2011, the user-friendly application facilitates trading on thousands of financial instruments, from stocks and ETFs to commodities and cryptocurrencies. MetaQuotes has said it is liaising with Apple to try and resolve the situation. And while hopefully, its applications will be available for download again in the near future, the move may prompt brokers to consider or fast-track plans to develop their own, proprietary terminals.
We’ve spent
years perfecting our web and mobile apps to give brokers the edge they need to
attract and retain retail traders. 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 Service Crm Vs Gross Sales Crm and could be found on Apple’s 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. All forms of trading carry a high level of risk so you should only speculate with money you can afford to lose.
Risk Warning
At the time, Apple spokesperson Adam Dema said the company was investigating MetaTrade and was looking into additional action to protect App Store users if necessary. A key element of the scam is the use of manipulated cryptocurrency apps and websites, which purport to show the victim that they’re making money off their investment, when in fact the scammer has taken everything. The representative, however, noted that the removal of the trading apps from the App Store has caused significant losses to the company. Being by far the most used trading platforms in the world and offered for trading by thousands of online brokers, you will have to find the most solution. This sudden removal by Apple of the most used trading platforms in the world has caused quite a few dissensions among traders for various reasons.
- This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted.
- “If MetaTrader won’t do anything on the grave issues raised by users who trusted them, then the responsibility falls on platforms like Apple and Google Play store that list MetaTrader,” he wrote in an email.
- As an incumbent and
emerging broker, you should consider basing your offering not only on
MetaQuotes platforms but also complementing it with one of the popular
alternatives offered in a white-label format. - MetaTrader 4 was introduced in 2005 and specialized in forex trading, while MetaTrader 5 went live in 2010, providing access to CFDs spanning stocks, indices, precious metals, energies, and futures, among other assets.
- 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.
Hercules.Finance is a financial education website powered by a team of Financial Specialists and IT experts, mainly introduce solutions of Forex, CFD and Commodity Investment, and a number of Payment Services. With more than 30 partnered companies all over the world, Hercules.Finance offers trusted and timely information for Investors and Users of the services. By referring to Hercules.Finance, you can find all latest News/Information, Financial Technical/Fundamental Analysis, Main/Exclusive Bonus Promotions of partnered companies and a number of Educational Materials of Finance. For more latest information of the website, please visit hercules.finance. The award-winning Next Generation platform was independently developed by CMC Markets to ensure markets are always safely accessible to traders.
Apple Removes MT4 & MT5 From Its App Store
If this has been the case however, MetaQuotes sure sound too surprised with the situation. However, we starting to see major US regulated brokers stopping to offer MT5 to their retail clients via their websites. “The removal of the Apps does not only affect the parties involved but also the industry as a whole,” the representative said. MetaQuotes Software Corp., creator of the MT4 and MT5 platforms, is a Russian software company with offshore registration in Cyprus. In addition to this, Apple to contribute to the sanctioning maneuver implemented by the Western states, has proceeded to block the sale of all products and the suspension of any financial service, including ApplePay.
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. 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. Please read the full list of posting rules found in our site’s Terms of Service. Our community is about connecting people through open and thoughtful conversations.
Crypto Exchanges
MetaQuotes noted that it was liaising with Apple “in an effort to clarify the situation” and resolve the issue. The company further said it was considering other various options. As a result, Apple has taken steps to delete both the bogus and original apps. According to reliable sources, the cancellation of MetaQuotes apps was caused by the strong friction between Western countries and Russia. The Metatrader 4 (MT4) for iOS is not available to download from the Apple App Store. Neither Apple nor MetaQuotes have commented on the removal, or the reason(s) for the removal of MT4 and MT5 from the App Store.
Both the MT5 and MT4 apps and the desktop versions of the software are available for download at any time on Google Play. Apple overnight, despite everyone being unaware of what was happening, has provided for the definitive cancellation of the trading apps MetaTrader 4 and MetaTrader 5 (MT4 and MT5) 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. 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.
Retail FX
“The removal of the Apps does not only affect the parties involved but also the industry as a whole,” the representative added. The apps were pulled down on the aforementioned date, the software development company noted. Get the latest scoop on the week’s hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights. TickTrader users can experience a user-friendly interface adjusted to suit their needs and with over 1200 advanced trading tools. 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.
It’s available on desktop, mobile and tablet across iOS and Android systems. The software has been enjoying decades-long patronage from industry stakeholders and remains a top choice for online retail forex traders. Since its introduction, the MetaTrader trading platform has grown to become a giant in the online forex and CFD industry. 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.
As Forbes previously reported, MetaTrader, which offers licenses for its software, does enable legitimate trade by actual brokerages. It is an agnostic trading platform, one that is used by mainstream foreign exchange traders like Oanda. Everything looks and feels real, but it’s all a fabrication,” according to a report from GASO. Finance Magnates spoke with representatives of the four
companies mentioned, and all presented similar opinions. Unsurprisingly, they
agreed that their platforms could be the best alternative for brokers and their
clients. Moreover, they do not believe the situation will negatively affect the
popularity of the CFD industry among retail clients and will not increase the
popularity of zero-fee trading platforms such as Robinhood.
It’s highly customisable, enabling brokers
to offer their clients a complete fully branded platform and multi-asset
trading experience. The impact will really be
felt over the longer term if brokers can no longer offer the platforms to new
clients. Lawmakers in numerous countries have expressed concerns that TikTok, which is owned by the Chinese company ByteDance, may expose sensitive user data.
