Apple removes MetaQuotes’ MT4 and MT5 trading apps from its App Store

Last week, users were shocked by the disappearance of the MetaTrader 4 and MetaTrader 5 applications from the App Store. This has taken the forex and CFD trading industry by storm because MetaTrader is the most used trading platform. For a five month period starting in September 2022, neither MT4 or MT5 were available in the App Store.

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Exclusive: MT4 and MT5 back up on the Apple App Store

While there was no blame on MetaQuotes, the article quoted an Apple representative who explained there was an investigation into a complaint against the company. Popular forex and contract for difference (CFD) trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), are no longer available to download from the App Store, the online mobile store of giant technology manufacturer, Apple Inc. As part of the scam, scammers ask retail traders to download the MetaTrader app.

These popular platforms were developed by the company MetaQuotes and have been providing services for several years now to both Android and Apple users. We’ve spent
years perfecting our web and mobile apps to give brokers the edge they need to
attract and retain retail traders. Brokers are hopeful that MetaQuotes will be looking at ways to resolve
the situation.

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Since Apple removed the platforms in September, MetaQuotes has been actively addressing Apple’s issues with the apps. Apple’s main problem, it seems, is that MT4 and MT5 mt4 removed from app store were being manipulated by scammers posing as brokers. MetaQuotes has taken lengths to resolve these vulnerabilities, and Apple must be satisfied with their efforts.

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. The news of Apple’s latest move slowly filtered through social media,
followed by mainstream media.

‘No Link to Western Sanctions on Russia’

Alternatively, Apple’s move could push
brokers to look at other trading applications or even consider developing their
own platforms. The second reason is thought to be related to some complaints about MetaTrader in the App Store. Complaints about MetaTrader arose because recently a viral article appeared written by a senior technology writer from Forbes named Cyrus Farivar. The article is titled “How One Man Lost $1 Million On A Crypto ‘Super Scam’ Called The Pig Butchering”. 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.

Several sanctions are being placed on Russia, and Apple is doing the same. This was surprising as normally when Apple is to make a big change on their platform or services, they update users in advance so it doesn’t cause any major impact on anyone’s daily routine. However, this revelation came so unexpectedly that users wonder if it was even real.

MT4 and MT5 removed from the App Store

A MetaQuotes representative told Finance Magnates that the company received a letter from Apple on Friday, September 23, stating that
the firm’s trading apps do not comply with the App Store Review Guidelines. 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.

Without any prior notification or formal
announcement, Apple removed the MetaTrader 4 and MetaTrader 5 online trading
platforms from its App Store. This move is one that has been in the works for some time and Apple was the notable dissenter as it tried to make the Chinese government aware of the impact it would have on its users. However, it’s now had to comply just as others already had and now requires that developers receive a license if they want their apps to be available for download from the Chinese App Store. Apple staff met with Chinese officials in recent months to discuss concerns over new rules that will restrict the tech giant from offering many foreign apps currently available on its iPhone app store in China. This incident apparently affected not only MetaQuotes but also numerous brokers that use the platform.

Why was MetaTrader removed from the App Store?

But as of March, 2023, both MT4 and MT5 are once again available after MetaQuotes successfully addressed Apple’s concerns about how scammers were able to manipulate the trading platforms. As of March 2023, MT4 and MT5 are both once again available in the Apple App Store. However, in September 2022, Apple shocked the forex trading community, by suddenly removing the MT4 and MT5 trading apps from the Apple App Store.

• It was revealed that Apple had removed both the Meta Trader 4 and Meta Trader 5 platforms from the AppStore.
• Certified provider of trading support solutions and services to the global financial trading industry.
• Or will MetaQuotes adhere to future guidelines provided by Apple and be re-listed on the App Store?
• 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.
• Apple’s sudden removal of MetaTrader led to various speculations on online forums.