Metatrader is an electronic trading platform widely used by online retail forex traders. Forex, or Foreign Exchange is a global market for the trading of currencies. It is a vast global financial market, with over $5 trillion traded daily. MT4 and MT5 are online trading platforms that forex traders use. Recently, Metatrader Removed from App store by Apple.
Both trading platforms can be downloaded from Google Play Store and the Apple or iOS Store. But, Metatrader 4 and 5 were removed from iOS on September 2022. This news came as a big shock worldwide for many iPhone users. They are not able to trade forex on their devices. So in this article, I am here to share why Metatrader removed from App Store.
Metatrader Removed From App Store [MT4 & MT5] – Why Apple Store Removed It?
What Is Metatrader 4 & 5?
Metatrader is an electronic trading platform widely used by online retail forex traders. MetaQuotes Software developed it. Metatrader 4 was released in 2005, while MetaTrader 5 was released in 2010. The Metatrader platform software is licensed to forex brokers who provide the software to their clients.
MT4 is a popular online trading platform. MT4 is designed for CFD financial instruments, while MT5 is a multi-asset trading platform. MT5 covers centralized and non-centralized financial markets, including stocks, futures, and FX financial assets. Metatrader 5 is faster and more efficient than Metatrader 4.
MT4 and MT4 platforms are also available for mobile and support Android & iOS and Windows mobile. But on September 23rd-2022, Apple removed Metatrader 4 and Metatrader 5 apps. They removed the popular trading platforms without any prior notice. Let’s see why Metatrader removed from app store.
Metatrader Removed from App Store On iPhone
Metatrader 4 and Metatrader 5 apps were removed from iOS on September 2022 without prior notification or formal announcement. This news came as a big shock worldwide for many iPhone users. iPhone new users can’t download in the Apple store and cannot trade on their devices.
Both Apple and MetaQuotes Company have not commented on why the Metatrader apps were removed from the app store. However, the good news is that these Metatrader apps have been installed on their iPhones. But they can’t get new updates anymore.
According to reliable sources, Metatrader removed from app store because of the strong friction between Western countries and Russia. And some other sources said that Metatrader 4 and 5 were removed from the app store due to several scams.
Metatrader Removed From App Store on Mac
Metatrader removed from app store, not only in iPhones. It is also removed from all Apple stores or iOS-based devices, including Mac and iPad. Mac app store is a digital distribution for macOS apps or Mac apps. It was created and maintained by Apple. It is used to vend applications for Mac computers. MT4 and MT5 were removed from the Mac app store.
Metatrader Removed From App Store On iPad
The IPad is a brand of iOS-based device or Apple product. It is also called iPad OS-based tablet computer, and Apple Inc developed it. It is used for multitasking, i.e., multiple apps at once and working between them. IPad is just Apple’s version of the tablet. Metatrader 4 and Metatrader 5 can’t download from Ipad because Ios banned Metatrader 4 and Metatrader 5 apps from all iOS-based devices.\
Metatrader Removed From App Store On iOS
Apple removed the MT4 and MT5 online forex trading platforms from all iOS-based devices. IOS stands for iPhone Operating System. It is a Unix-derived operating system or mobile operating system powering all of Apple’s mobile devices. It was created and established by Apple Inc. It is the world’s second-most widely installed mobile OS after Android.
The iOS-based devices only banned the MT4 and MT5 platforms. However, the Metatrader apps are still available on Android devices, and existing users of iOS devices will not be affected, but they can’t update the apps. Both the MT4 and MT5 app versions and the desktop versions of the software are available for download anytime on Android or Google Play Store.
Removal Of MT4 and MT5 Apps In Apple Store
With regards to the removal of MT4 and MT5 apps from Apple’s app store, there have been many online discussions speculating why Metatrader removed from app store. MetaQuotes Software Corporation is the leading software provider in retail forex and CFD forex trading. It is a Russian Software Company with offshore registration in Limassol, Cyprus, and has been operating since 2000.
MetaQuotes is the creator of MT4 and MT5 platforms. According to reliable sources, Metatrader removed from app store because of the strong friction between Western countries and Russia. Renat Fatkhullian is the founder and CEO of the MetaQuotes Company, and his brother Lennar Fatkhullian, the Marketing Director for MetaQuotes, are all Russians.
According to speculation, this can contribute to Metatrader being removed from the app store. But, MetaQuotes said that the removal of apps does not link to Western sanctions on Russia. Another reason for removing MT4 and MT5 apps could be several complaints about the apps on the Apple store.
Apple Company usually removes apps that attain certain amounts of complaints from the apps store. The complaints could be due to a recent article about the several scams that went viral, which was written by a senior tech writer Cyrus Farivar from Forbes. These are some reasons iOS Metatrader 4 and Metatrader 5 apps are banned in the Apple store.
Why I can’t download MT4 and MT5 apps from the Apple store?
Because Apple has removed the Metatrader (MT4 and MT5) apps from the app store.
Why did Apple remove MT4 and MT5 apps?
Apple didn’t mention any specific reasons for Metatrader’s removal from the app store. But there is speculation among users due to several scams and western sanctions.
Why did Metatrader removed by Apple?
Apple removed Metatrader because forex trading scams were reportedly implemented through the MT4 and MT5 platforms.
Conclusion – MT4 and MT5 Apps Banned On iOS: Is Guidelines Are Breached?
Hopefully, you got a clear overview of why MetaTrader removed from app store from the above article. MT4 and MT5 apps are banned on iOS-based devices, including iPhones, iPad, and macOS. We also discussed removing MT4 and MT5 apps from the Apple store. When Metatrader is removed from the app store, it will affect forex traders who wish to download the app on their iOS-based devices.
Existing clients with the MT4 and MT5 platforms who already downloaded them on their Apple devices can continue to use the iOS version. New iOS-based devices users can trade on the MT4 Webtrader. The web platform allows traders to open and close positions without downloading software. Android users remain unaffected as the MT4 and MT4 apps are available on the Google Play Store.