The news came as a surprise to forex traders around the globe as Apple removed arguably the most popular trading apps MetaTrader 4 (MT4) and MetaTrader 5 (MT5) from the App Store overnight. Here are five things you need to know about MetaTrader and this change. 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.

It allows users to apply Expert Advisors and combine them with both basic and advanced trading indicators to test, develop, and apply trading strategies. Thus, when choosing a trading platform, the key element is to consider the features. Meanwhile, Android users can continue using the app normally as the apps are not banned on Google Play Store. The desktop version is also still fully available and hasn’t been affected at all. 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.

Products

But apart from that, neither MetaQuotes nor Apple has made a formal statement regarding the specific reasons for the ban. 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. 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. “If MetaTrader won’t do anything on the grave issues raised by users who trusted them, then the responsibility falls on platforms like Apple and Google Play store that list MetaTrader,” he wrote in an email. It could be due to several scams reportedly implemented through these 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.

Teams

After serving traders for more than a decade, the legitimacy of MetaTrader is now being questioned. Many people are also starting to raise concerns about the future of MetaTrader and whether they should continue using the platform for trading. 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.

• As Forbes previously reported, MetaTrader, which offers licenses for its software, does enable legitimate trade by actual brokerages.
• Some positions on eToro involve ownership of underlying assets, such as non-leveraged positions on stocks and cryptos.
• “If MetaTrader won’t do anything on the grave issues raised by users who trusted them, then the responsibility falls on platforms like Apple and Google Play store that list MetaTrader,” he wrote in an email.
• 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.
• You gain satisfaction from bringing resolution and insight to each customer, elevating his or her relationship with Apple to the next level.
• The company has head offices in the United Kingdom, Cyprus, USA, and Australia.

Some of the popular currencies include EUR/USD, GBP/USD, AUD/USD, USD/JPY, and USD/CAD. 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 metatrader removed from app store enough for novice traders to use conveniently, while
offering advanced traders all the tools they need for informed decision-making. It’s highly customisable, enabling brokers
to offer their clients a complete fully branded platform and multi-asset
trading experience.

About Apple

Contemplating that you can’t execute apps on iPad like you can on Android devices. The application is still accessible on Google Play and subsists to unaffected users. 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. Though the exact reason behind the app removal was not known, it is anticipated that the growing number of scams being implemented using the MetaTrader platforms prompted Apple to take the abrupt step.

Although the official reason has not been disclosed, there are many speculations being discussed online right now. One possible reason is the increasing fraud cases being executed on the MT4 and MT5 apps, thus motivating Apple to take such quick and extreme action. The MT4 and MT5 apps were removed from the App Store on the 23rd of September 2022. MetaQuotes said that Apple has sent them an email, simply stating that the apps do not comply with the App Store’s review guidelines.

MetaTrader MT4 and MT5 removed from the Apple App Store

MetaTrader has been Removed from App Store important that you use the remote desktop app link sparing here, as a definite simulation can cause harm to your device. “In the immediate term, this only affects new app downloads, so existing users are fine. If you need to trade on your phone now, then ask your broker if they offer the MetaTrader web version, which will run on any device. 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 official reason has not been disclosed but this unexpected move sparked varied speculations. One probable speculation is the increasing number of frauds being executed through the MT4 and MT5 app which prompted Apple to take quick and drastic action. EToro established in early 2007, with a mission to make trading accessible to anyone, anywhere, and reduce dependency on traditional financial institutions. The company has head offices in the United Kingdom, Cyprus, USA, and Australia. 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.

Shop and Learn

Android users can extend to use and download MT4 and MT5 apps from the google play store. They are not pretended by the recent ban that happened to apple users. 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. 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. No Apple nor MetaQuotes have observed the removal or the cause for the removal of MT4 and MT5 from the App Store.