MetaQuotes’ MT4 & MT5 Removed from Apple App Store

Apple’s ban of MetaTrader comes two weeks after Forbes profiled one California-based scam victim, who lost over $1 million last year. This victim, known as Cy, made all of his purported trades on the MetaTrader app, which showed him fictitious returns. 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.

• Apple’s ban of MetaTrader comes two weeks after Forbes profiled one California-based scam victim, who lost over $1 million last year.
• WebTrader offers real-time insights into price movements or any changes that happen when you are not trading.
• Other than these two things, I am quite grateful for the MT4 mobile app.
• 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.
• 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.

One such alternative is offered by Traders Trust – it is the WebTrader trading platform which allows users to trade anywhere and anytime. The market gave mixed responses to the breaking news that literally shocked the global financial industry. First of all, as it is impossible to download MT4/5 in iOS, which is a closed loop environment where sideloading an app like downloading its apk file elsewhere with your Android phone is a no-no. So, some people took the advantage and started selling various models of iPhones preinstalled with MT apps. Somebody is even selling an iPhone as high as five thousand dollars, compared to the most expensive model of the recently release iPhone 14 Pro Max, which is only 1,400 dollars.

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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. WebTrader is a platform designed for quick execution in a fast-trading environment and one of the best alternatives for iPhone users. It has everything expected from a bespoke built platform for you to build and control portfolios across several asset classes. You can use WebTrader to trade a range of markets including Forex, Indices, Cryptos, Metals and Oil.

The MetaTrader 4 MT4 app was removed from App Store on the 23rd of September 2022. According to MetaQuotes, Apple has sent them an email stating that the MT4 platform does not comply with the App Store’s review guidelines. Neither Apple nor MetaQuotes has made a formal statement for the specific reasons they have banned the MT4 platform. The MetaTrader 4 trading system allows you to implement trading strategies of any complexity. By combining different types of market, pending and stop orders, as well as using a trailing stop, you can perform trades despite of the current market situation. Please be informed that the MetaTrader4 and MetaTrader5 apps are no longer on Apple’s AppStore.

What Is the MetaTrader 4 and MetaTrader 5 Ban All About?

May You Please…add More Timeframe Options, & alert & Push Notification On Iphone/ iPad App Please? On the iPad MT4 can you allow “Objects” & “indicators” to sync on the other charts that are open? There’s a lot of platform that offers those options standard.

The software is synchronized with MetaTrader and allows you to freely carry out trading activities. You can open a live account at FXOpen to try MetaTrader 4, MetaTrader 5, and TickTrader platforms. Traders can manage their trades directly through the platform or by using FIX, REST, or WebSocket API. Traders can create their own alerts on price movements and decide how to receive notifications. The developer, MetaQuotes Software Corp., indicated that the app’s privacy practices may include handling of data as described below. Now I am passionate about reviewing and comparing forex brokers.

OX Markets Launches new application, available in Apple’s App Store

The trading community was shocked when Apple announced the ‘MetaTrader ban’ on the Apple App Store. Some started looking for new trading platforms, Important Features Of Analytical Crm while others were just confused about what to do next. Neither Apple nor MetaQuotes has commented on the removal of the trading platforms.

MetaTrader 4 is one of the most popular trading platforms in the world and is still used by both retail and professional traders. However, WebTrader gives the serious online investor increased accessibility to prices, as well as the ability to trade on their own terms by easily closing and opening positions or initiating stop orders to protect investments and minimize uncertainty. WebTrader offers real-time insights into price movements or any changes that happen when you are not trading. You can easily access to charts and graphs that are constantly being updated. The platform is attractive to many traders around the world and is one of the most common platforms used by traders after MetaTrader 4 for iOS removal. As Forbes previously reported, MetaTrader, which offers licenses for its software, does enable legitimate trade by actual brokerages.

MetaTrader 4

The MetaTrader ban has surprised traders, especially considering how convenient these platforms are for online Forex trading. As suggested by Finance Magnate’s Quarterly Intelligence Report of Q2 of 2022, MT4 and MT5 together covered 83% of the market share of overall online trade transactions. Since its introduction, the MetaTrader trading platform has grown to become a giant in the online forex and CFD industry.

News of the app’s removal was first reported by FX News Group and Finance Magnates on Saturday. MetaTrader enables scammers to show victims fake earnings, a key element of a pig butchering scam. As of March 7, 2023, MetaTrader4 and MetaTrader5 are both back in the Apple App Store. They can now be downloaded and used on iPhones and all Apple products. Advanced order types enable the most discerning clients to develop sophisticated market strategies. Traders can use Market Orders, Limit Orders, and Stop Orders.

Your best trading experience is a click away

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. For instance, being able to do it when you’re on the chart screen instead of having to go back into the trade screen, press and hold the desired trade, click modify trade and then enter it manually. The process isn’t bad if you have one or two trades open but when you have multiple (5-10 or more) trades open with different SL’s and TP’s, it gets tedious.

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. 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. However it is unlikely that those users will be able to download future updates or upgrades or patches to their devices.

Another reason is that the platforms are non-compliant with the App Store Review Guidelines. There have been rumours about the reasons why Apple pulled down the MT4 and MT5. Much of the discussions are linked with the Western sanctions on Russia. Since being registered and headquartered in Limassol, Cyprus, MetaQuotes has its origins in Russia and its founder and CEO Renat Fatkhullin, alongside his brother Lenar Fatkhullin – the company’s Marketing Director – are Russians. Neither Apple nor MetaQuotes have commented on the removal, or the reason(s) for the removal of MT4 and MT5 from the App Store.

Why was the MT4 and MT5 removal from the app store such a big deal?

On the 23rd of September, Apple informed MetaQuotes, the developers of MT4, of their intention to remove the popular trading app from the App Store. Later on, the same day, Apple removed MT4 from the App Store. 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.