MetaTrader MT4 and MT5 removed from the Apple App Store

A broker that belongs to the 4-digit type, eToro offers both short-term options for day traders and long-term options for investors, such as their innovative CopyPortfoliosTM, a fully managed thematic portfolio. According to Forbes, MetaTrader has been used to execute a new type of crypto scam called “pig butchering”, where the scammer builds a long-term relationship with their victim before luring them to invest money after a while. This scam type basically uses manipulated crypto apps and websites to make the investment look real. 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.

MetaQuotes and Apple, at the time of writing (5 October 2022), have yet to release any concrete statements. Or will MetaQuotes adhere to future guidelines provided by Apple and be re-listed on the App 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.

App Privacy

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. Apple’s sudden removal of MetaTrader led to various speculations on online forums.

This swift removal by Apple from the used trading platforms in the world has caused a few disagreements between traders for various reasons. Just like MT4, you can connect the platform to your trading account rather easily, either via desktop, mobile, or tablet. You can choose to trade using a demo or a live account, apply technical tools, get access to advanced charts, and connect with one of the largest trading communities in the world. Overall, Tradingview is a powerful choice for those who are looking for a seamless platform with high-tech technology and features. The real impact will more likely be felt in the long term if other versions of the app are also banned and brokers can no longer offer their services to new clients. For now, brokers can only hope that MetaQuotes will find a way to resolve the situation and perhaps negotiate with Apple to lift the ban.

Why was MetaTrader removed from the App Store?

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. One among all is that the thing has not been made public, no warning, no post, no official release from both companies (both Apple and MetaQuotes), the MT4 and MT5 apps have simply vanished into thin air. To help you decide the best alternative platform to MetaTrader, here’s a comprehensive comparison between MT5 and cTrader. 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.

It would also be nice to be able to adjust the chart without having to switch timeframes, like you can on the desktop MT4. Anyhow, that’s just my two cents, this is still a fantastic app and program all around. 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. Last week, users were shocked by the disappearance of the MetaTrader 4 and MetaTrader 5 applications from the App Store.

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

It also has many social features such as news feeds and chart updates for specific tradable coins on the market. Users can freely chat with others and update their social media-like feeds to share thoughts and work together to improve their skills. The trading community on social media has been filled with a lot of confusion and anxiety lately because popular mobile trading apps known as MetaTrader 4 and MetaTrader 5 were quietly removed from Apple’s app store last month. After serving traders for more than a decade, the legitimacy of MetaTrader is now being questioned.

Android users can extend to use and download MT4 and MT5 apps from the google play store. MT4 and MT5are no longer accessible for download from the Apple App Store. MetaTrader, Removed from App Store, accounts for about 80% of the distributed trading app market so this move will influence a good chunk of brokers and traders.

Features

Their branded trading platform without having to buy a MetaTrader Removed from the App Store server license or running other business features such as managing, connection to liquidity offers, and CRM. “It will be interesting to see how Google (Android) chooses to cooperate with American and European sanctions. The sanctions are now impacting hundreds of thousands of traders across the globe.” – said Michael Buchbinder, partner of Scandinavian Capital Markets and host of the Youtube Series “TradingWTF”. It’s no secret that every year mobile trading gets more market share from desktop, raising questions about whether the future of MetaTrader is doomed if it does not make a return to the App Store. Social media has been abuzz this weekend, with reports that at some point late this past week Apple removed the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading apps from its App Store. The web platform allows you to open and close positions without downloading any software.

Another feature that is unique to eToro is the personalized, social News Feed. Just like on any social media, traders can post their updates on feed, comment on other’s posts, and gradually create a feed that is tailor-fitted to trader’s trading and investing interests. On eToro social trading platform, traders will also get notifications when a trader writes a new post and many other important updates. It allows users to apply Expert Advisors and combine them with both basic and advanced trading indicators to test, develop, and apply trading strategies.

eToro

Beyond developing CopyPortfolios, the company integrated Microsoft’s machine learning technology into Momentum DD. Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox. With so much success and consistency across the years, why did MT4 and MT5 suddenly disappear from the App Store? Apple removed MT4 and MT5 from the App Store on the 23rd of September 2022 claiming the app did not comply with its guidelines.

• On top of that, the platform is available on mobile apps so you can easily monitor your trades anytime and anywhere.
• Which has a more than 50% market share in the online trading platform market between online FX and CFD brokers and other retail trader clients.
• 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.
• According to Forbes, MetaTrader has been used to execute a new type of crypto scam called “pig butchering”, where the scammer builds a long-term relationship with their victim before luring them to invest money after a while.
• It would also be nice to be able to adjust the chart without having to switch timeframes, like you can on the desktop MT4.