The company simply stated that these MetaQuotes instruments didn't comply with the App Store's review guidelines. Though, there hasn't been any formal explanation from the company. The MetaTrader ban has surprised traders, especially considering how convenient these platforms are for online Forex trading.
MetaTrader iOS – the MT4 and MT5 apps – have been removed from the App Store. The trading platform's desktop version is still available to download and the Google Play version hasn't been affected.
A popular smartphone app used to conduct foreign exchange transactions known as MetaTrader (or MT4 or MT5, depending on the version), was quietly removed from Apple's App Store last Friday. As of this writing, the app remains available on the Google Play store.
On the 23rd of September, Apple informed MetaQuotes, the developers of MT4, of their intention to remove the popular trading app from the App Store. Later on, the same day, Apple removed MT4 from the App Store. The reason is alleged non-compliance with guidelines by the developers of the MetaTrader 4 mobile apps.
New users can no longer download the application, and existing users won't be able to update it in future. It's likely that the app won't function without the necessary updates. Traders using the MT4 or MT5 app on an Android device (downloaded from Google Play) aren't affected by this change.
MetaTrader 4 is a secure platform, but trading always entails risk, regardless of whether you are using the xm metatrader 4 or any other platform.
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The most often reason of a closed MT4 program, is due to an active multi-session Windows. So, in fact, the MT4 is not closed (on session 1) but it is opening on another session (session 1), while on the empty new session (session 2) it looks like MT4 is closed. Also check on the Tutorial >> “Multi-session on Windows”.
The primary reason is about contracts for the difference which is the same as CFDs. More specifically, MT5 includes the CFD market which includes derivative products. The App Store considered that it could cause speculation about the price of underlying assets. CFDs are not permitted in Apple's App Store guidelines.
Yes, the MT4 WebTrader trading platform is legitimate.
Founded in 2000, MetaQuotes Software Corp is the developer of MetaTrader4 (MT4) and MetaTrader5 (MT5) software. The MetaTrader suite, which is licensed by brokers and offered to traders, is one of the most widely-used trading platforms for retail forex and CFDs trading globally.
Trading platforms MetaTrader 4 and MetaTrader 5 (known respectively as MT4 and MT5) have officially been reinstated on Apple's App Store and are once again available for download having previously been removed from the app store in mid-September 2023.
Will mt4 be phased out No. Although Metaquotes announced several years ago they would no longer be supporting MetaTrader 4, it is still available from their website for free download and remains by far the most popular and widely used trading platform. What is the difference between MT4 and MT5
The Android versions of MetaTrader are still accessible through the Google Play app store, so this move has no impact on them in any manner,” the developer says in a message to its users.
Android users can still access the platform via mobile. The desktop version of MT4 and MT5 has not been removed yet and is still available, however the industry might expect a disruption shortly, However, we starting to see major US regulated brokers stopping to offer MT5 to their retail clients via their websites.
The 'market is closed' error message means you are trying to trade outside of the product's trading session. You will not be able to place or change orders over the weekend, on market holidays or and at other times when the relevant markets are generally closed.
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.
MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients.
MetaQuotes Software is a Russian software company that specializes in the development of software for foreign exchange trading. MetaQuotes main product is the MetaTrader family of online trading platforms: MetaTrader 4 and MetaTrader 5.
Why was MetaTrader removed from the App Store 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.
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. Neither Apple nor MetaQuotes has publicly commented on the removal.
It means that your broker is trying to remove that specific instrument from the MT4 platform or any other option of the platforms they offer. Sometimes, as we have stated, some trading instruments become too volatile to trade.
It is also worth mentioning that even if your MetaTrader (MT4 or MT5) account gets hacked, the worst thing that the hackers can do to it is ruining it with bad trades. They won't be able to withdraw funds from it.
The MetaTrader 4 (MT4) and MetaTrader 5 (MT5) apps, which provide access to various trading tools, have been removed from the Apple App Store. The official statement is mainly due to changes in Apple's App Store guidelines designed to protect user privacy and security, especially regarding financial data.
Yes, the MT4 WebTrader trading platform is legitimate.