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. 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.
Push notifications are another unique feature, which keep traders engaged
and encourage them to make the most of market opportunities. News of the app’s removal was first reported by FX News Group and Finance Magnates on Saturday. Apple has been consistently making some bad decisions these last couple of years. However, these reasons are certainly not worth the billions that it will lose with no commission.
Apple stopped all product sales and suspended financial services, including Apple Pay in Russia in March. Unfortunately, what happened will create many problems for millions of traders who own Apple devices. MetaQuotes Software Corp., creator of the MT4 and MT5 platforms, is a Russian software company with offshore registration in Cyprus.
In the following article, you can check which trading platforms specific prop firms offers. This is especially important given how prevalent mobile trading has become over recent years – statistics show that 83% of investors prefer using a mobile platform for their trading activities compared to just 17% who prefer desktop versions. 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.
MetaQuotes is based in Cyprus, but originated in Russia where it was founded by current CEO Renat Fatkhullin. This lead many to believe that sanctions against Russia were Apple’s principal reason. 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.
The Metatrader 4 (MT4) for iOS is not available to download from the Apple App Store. While the MetaTrader ban is big news for the trading world, it doesn’t
necessarily need to be bad news. Jan Santiago, GASO’s deputy director, said the organization was “glad” for the app’s removal. 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.
What is MetaTrader 4 and MetaTrader 5?
The impact will really be
felt over the longer term if brokers can no longer offer the platforms to new
clients. Most traders and users believe that this was definitely not the right decision. It is going to cause people to lean more towards getting an Android. They will certainly have no problem easily replacing their Apple phones with new ones immediately. Apple users who already have either MT4 or MT5 downloaded are said to hold some very valuable devices.
We draw on the differences in who we are, what we’ve experienced, and how we think. Because to create products that serve everyone, we believe in including everyone. Therefore, we are committed to treating all applicants fairly and equally.
These have been designed with traders’ needs in mind by both MetaQuotes and Apple engineering teams, who have worked together diligently to create an optimal experience when using either version of the app. For a five month period starting in September 2022, neither MT4 or MT5 were available in the App Store. But as of March, 2023, both MT4 and MT5 are once again available after MetaQuotes successfully addressed Apple’s concerns about how scammers were able to manipulate the trading platforms. Since Apple removed the platforms in September, MetaQuotes has been actively addressing Apple’s issues with the apps. Apple’s main problem, it seems, is that MT4 and MT5 were being manipulated by scammers posing as brokers.
- Thanks to its native scripting language in its MetaEditor (previously MLQ4 and MLQ5), MetaTrader users and developers can create their own Expert Advisors (trading robots), scripts, and custom indicators.
- It features real-time insight, powerful trading tools and visual snapshots to get an overview of your portfolio.
- Each broker can customise the platform with the tools
and features they wish to offer their clients.
- This victim, known as Cy, made all of his purported trades on the MetaTrader app, which showed him fictitious returns.
- MetaTrader, also known as MT, is an electronic trading platform widely used by online retail foreign exchange speculative traders.
If Apple found out about this download scam, there is no doubt that they would remove the Meta Trader applications from the AppStore in order to teach the creator a lesson. If this was the reason for Apple to delete the app, there is a high possibility that this is just a temporary ban. So who exactly is impacted by this recent removal of the Meta Trader 4 and Meta Trader 5 from the AppStore? Every Apple user who is looking to download these platforms can no longer do so as it won’t show up on the AppStore. It was revealed that Apple had removed both the Meta Trader 4 and Meta Trader 5 platforms from the AppStore.
We will work with applicants to make any reasonable accommodations. The MetaTrader 4 (MT4) and MetaTrader 5 (MT5) apps, which provide access to various trading tools, have been removed from the Apple App Store. The official statement is mainly due to changes in Apple’s App Store guidelines designed to protect user privacy and security, especially regarding financial data. The reinstatement of these app versions comes with additional benefits, including tighter security and improved stability.