What You Need to Know about MetaTrader Ban on App Store

For sophisticated traders, the well-known broker TD Ameritrade offers thinkorswim, which is a trading platform with a wide range of advanced tools suitable for complex trading. Aside from stocks, the platform supports a bunch of other asset classes including forex, ETFs, mutual funds, bonds, and futures. It is important to understand that MetaTrader is only a third-party trading platform that connects to a broker.

• Lastly, there is also lots of customization available, so you can set up the layout according to your trading strategy.
• In other words, users can monitor the market movements of a specific asset as well as get the latest news about the companies behind those assets.
• The MetaTrader4 and MetaTrader5 for iOS are not present to download from the Apple App Store.
• It also has many social features such as news feeds and chart updates for specific tradable coins on the market.

MetaQuotes said that Apple has sent them an email, simply stating that the apps do not comply with the App Store’s review guidelines. But apart from that, neither MetaQuotes nor Apple has made a formal statement regarding the specific reasons for the ban. The applications are still accessible on Google Play, and existing users will not be assumed. Some believe Apple is helping to crack down on the increasing number of twists carried out by the MetaTrader apps. 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.

MT4 and MT5 are market-leading trading platforms

Employing CFDs will enable a variety of options, such as leveraged trades, short (sell) positions, fractional ownership, and more. For example, traders can invest as little as USD100 in gold, even if a single unit of gold cost USD1,000. Some of eToro’s most popular CFD commodities include gold, oil, natural gas, silver, and platinum.

We would like to remind you that the cancellation will not affect the trading of the apps previously installed on the IOS devices but by doing an update they will automatically be rendered unusable. This only affects traders who wished to download the app on their iPhones or iPads. The second reason is thought to be related to some complaints about MetaTrader in the App Store. Complaints about MetaTrader arose because recently a viral article appeared written by a senior technology writer from Forbes named Cyrus Farivar. The article is titled “How One Man Lost $1 Million On A Crypto ‘Super Scam’ Called The Pig Butchering”.

As of 6 March 2023, MT4 and MT5 are now back in Apple iOS!

The financial industry is an extremely dynamic one, and businesses need
to be flexible to thrive (and survive) in this landscape. Customer expectations
are constantly changing, as is the regulatory scenario. While the MetaTrader ban is big news for the trading world, it doesn’t
necessarily need to be bad news.

Brokers are hopeful that MetaQuotes will be looking at ways to resolve
the situation. Alternatively, Apple’s move could push
brokers to look at other trading applications or even consider developing their
own platforms. The MetaTrader4 and MetaTrader5 for iOS are not present to download from the Apple App Store. Existing clients with the platforms downloaded on their Apple devices can use the iOS version constantly. Apple removes Metatrader 4 and Metatrader 5 Apps completely with no deadline to be back.

Why MetaTrader apps removed from the App Store?

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. On the perverse, as far as Android devices are disturbed, everything debris is unchanged. Removing these apps has also designed new opportunities for other people and smaller companies. Because there are new series of iPhones or IPad, many might like to examine getting their hands on one.

Different from the features of other brokers, traders can copy the strategies of professional traders without fee or profit-sharing. For example, while trader A who is copied by trader B, produces a profit of 10% this month, then trader B also gets a profit of 10%. In all financial assets that can be traded, eToro does not charge any deposit or trading frees other than spreads.

Why was MetaTrader Removed from the App Store?

This means the platform only offers licenses for its software but the actual trades are enabled by brokerages. So, without a live trading account, traders won’t be able to make any transactions on the platform. However, according to a scam victim advocacy group, the GASO, MetaTrader also allows licenses to use a special plug-in known as Virtual Dealer, which can be used by scammers to manipulate market prices and account balances. Metatrader 4 and Metatrader 5 Apps were removed from ios, so they can’t download from the Apple App Store. MT4 and MT5 account for 80% of the retail trading app market, so the move will influence a significant portion of brokers and traders.

However, that decision would be risky if you are a forex trader because your favorite trading app cannot work on your new iPhone or IPad. 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. 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.

Apple removes MetaTrader MT4 & MT5 from App Store

MetaTrader enables scammers to show victims fake earnings, a key element of a pig butchering scam. Apart from its
scalability, it offers 99.99% stability without any hosting costs, since it is
cloud-based. Push notifications are another unique feature, which keep traders engaged
and encourage them to make the most of market opportunities. It could be due to several scams reportedly implemented through these platforms. Both apps are available on on Google Play, the equivalent for Android phones, as of Saturday 9 PM AEST.