Apple Pulls Down MT4 and MT5 Trading Apps from App Store
On the other hand, Forbes itself quotes Apple spokesman Adam Dema as revealing that the company is investigating complaints against MetaTrader. Dema emphasized that Apple will take further action to protect App Store users if necessary. 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.
A plug-in scam is where users enter a plug-in to any of the Meta Trader 4 or Meta Trader 5 apps, which helps them change the values of their profits or trades. This can be used to trick people into investing with you by seeing high profits. Recently, there was a scam going on involving the MetaQuotes apps MT4 and MT5. The scam was that people were offered money in exchange for downloading these Meta Trader apps. The Apple Store is a retail environment like no other—uniquely focused on delivering amazing customer experiences. As an Expert, you introduce customers to the exciting world of Apple, turning curious visitors into loyal customers.
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MetaQuotes noted that it was liaising with Apple «in an effort to clarify the situation» and resolve the issue. Moreover, the company said it was considering other various options. «We do not believe that Apple’s actions are linked in any way with the Western sanctions on Russia,» the MetaQuotes representative said. Jan Santiago, GASO’s deputy director, said the organization was “glad” for the app’s removal. News of the app’s removal was first reported by FX News Group and Finance Magnates on Saturday.
With up to 200 levels and the opportunity to examine their limit orders within the order book, a trader can explore the depth of the market. TickTrader was developed by those who understand market requirements and value customer performance and security. You may consider some alternatives to equip yourself with additional tools and instruments. According to Finance Magnates Intelligence, MT4 and MT5 boasted a combined 78.7% share of the market at the close of 2020.
Why MetaTrader apps removed from the App Store?
The YamaTrack Service App gives service providers full YamaTrack fleet service management capabilities with no wait times. Unfortunately, what happened will create many problems for millions of traders who own Apple devices. 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. This only affects traders who wished to download the app on their iPhones or iPads. Apple temporarily removed them from their store from September 2022 – March, 2023, but there was never any ban from any government entity.
Currently, traders using iOS devices have to start sourcing for other platforms, while Android users can continue to enjoy using the app as MT4 and MT5 on the Google Play Store. 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.
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Apple Reinstates MetaTrader MT4 & MT5 on App Store – Mirage News
Apple Reinstates MetaTrader MT4 & MT5 on App Store.
Apple’s sudden removal of MetaTrader led to various speculations on online forums. Some think that following the sanctions imposed on Russia, Apple is removing Russia-related apps from the App Store. Although MetaQuotes is currently based in Cyprus, the company is from Russia. Moreover, the founder and CEO of MetaQuotes, Renat Fatkhullin, and his brother, Lenar Fatkhullin, who is also the Marketing Director of MetaQuotes, are Russian. While iPhone users may not be able to download MetaTrader on their device, for traders who have installed it long ago, the app still works fine. What happened between Apple and MetaQuotes may be unfortunate and could serve as a turning point for users.
Apple users who already have either MT4 or MT5 downloaded are said to hold some very valuable devices. It is said that some of these iPhones are now selling for over $5000. This is a crazy amount of money, but it is nothing for the trader who is a professional goal seeker.
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. Buzz around the ban is due to the immense
popularity of MT4 and MT5, which together account for 83.8% of the total online
trading platform market share, according to Finance Magnate’s Quarterly
Intelligence Report for Q2 of 2022. At the Apple Store, you maintain customers’ trust in Apple as the skilled expert troubleshooting and repairing products.
Both the MT5 and MT4 apps and the desktop versions of the software are available for download at any time on Google Play. Existing clients with the platforms already downloaded on their Apple devices can continue to use the iOS version. This incident apparently affected not only MetaQuotes but also numerous brokers that use the platform. MT4 and MT5 together captured 83.8% of the total market share at the end of Q2 2022, according to Finance Magnates Intelligence.