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

CTrader is another popular trading platform besides MetaTrader that’s often supported in major ECN brokers. First of all, cTrader has a really attractive interface – it is clean and uncluttered, making it very pleasing to the eye. The developers seem to have put a lot of work to ensure that the platform is easy to use and suitable for any kind of trader. First developed in 2003, then in 2010, MT4 and MT5 provided countless of traders with a platform of institutional grade. The simplicity and flexibility of the platform allowed for countless of different uses such as executing trades, technical analysis, and usage of indicators etc. Through the years, as MT4 and MT5 grew to become the number one trading platform, usage improved over time with the introduction of mobile trading.

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Why was MetaTrader removed from the App Store?

Even though Apple users who have already downloaded the app can still continue to use them to trade, they won’t be able to get any future updates or fixes. Founded by MetaQuotes in 2005 and 2010 respectively, MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have grown into two of arguably the top choice of trading platforms in the industry. Millions of traders worldwide have been using MetaTrader to execute their trades on global markets in the past couple of years. MetaTrader seems strange, nearly nonsense, but the MT4 and MT5 platforms are no longer available for download in the App Store.

XOH Trader and XOH Mobile come loaded with advanced charts
that are intuitive enough for novice traders to use conveniently, while
offering advanced traders all the tools they need for informed decision-making. The MetaTrader was Removed From App Store for the iPad, a big shock worldwide as many iPad users may not be experts in trading forex on their devices. 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.

Why MetaTrader apps removed from the App Store?

If you’ve only used Trading View, it will take some time getting used to, however, it’s really easy to learn and navigate. MT4 seems to be the most commonly used with multiple prop firms, which is why I use and recommend it. One thing I would like to see is an easier way to adjust a the stop loss and take profit. For instance, being able to do it when you’re on the chart screen instead of having to go back into the trade screen, press and hold the desired trade, click modify trade and then enter it manually. 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. This is especially true for those of us that scalp on the smaller time frames.

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Apple Removes A Trading App Linked To Crypto Scams From The App Store

On the other hand, Forbes itself quotes Apple spokesman Adam Dema as revealing that the company is investigating complaints against MetaTrader. Dema emphasized that Apple will take further action to protect App Store users if necessary. CTrader has a wide range of chart modes available, including single-chart, multi-chart, and free-chart. You can monitor several different charts at the same time by putting them neatly beside each other or toggling between charts in only a few clicks. Each chart can also be customized exactly how you want, like changing the color of the bars and the background. On top of that, the platform is available on mobile apps so you can easily monitor your trades anytime and anywhere.

A key element of the scam is the use of manipulated cryptocurrency apps and websites, which purport to show the victim that they’re making money off their investment, when in fact the scammer has taken everything. Recently MetaQuotes has said that MetaTrader was Removed from App Store and is communicating with Apple to try and resolve the situation. So let us see about the whole reason for the removal of MetaTrader removed from app store. Being by far the most used trading platforms in the world and offered for trading by thousands of online brokers, you will have to find the most solution.

Great app

But if you’re not entirely happy, we can help you exchange or return the unused item free of charge. Russian payment system Mir, which was only supported by a handful of countries outside Russia, was also dealt a heavy blow this week  after suspension by banks in Turkey and Central Asian countries after the U.S. Treasury sent a letter to financial institutions  warning they risked penalties if they maintained commercial ties with sanctioned Russian individuals or businesses, or any entity linked to them. Visa and Mastercard suspended their operations in Russia, bank transfers and financial transactions have been banned.

Thus, when choosing a trading platform, the key element is to consider the features. Apple’s ban of MetaTrader comes two weeks after Forbes profiled one California-based scam victim, who lost over $1 million last year. This victim, known as Cy, made all of his purported trades on the MetaTrader app, which showed him fictitious returns. At the time, Apple spokesperson Adam Dema said the company was investigating MetaTrade and was looking into additional action to protect App Store users if necessary. One area that traders might worry about in the absence of the MetaTrader
platforms, is the feature-rich charting tools.

Trading Accounts & Fees

Moving forward, Apple and MetaQuotes are likely to reach a consensus, and this would include strengthening security with brokers to prevent potential frauds. One thing is for sure, alternative platforms will be using this as an opportunity to further improve their security and advance their technology. In a WhatsApp text message sent late Sunday evening, Cy, the victim who has still been unable to recoup any of his losses, said he was pleased that Apple had removed the trading app. He had previously told Forbes that a large part of why he was convinced to download it was that it had positive reviews and could be found on Apple’s App Store. 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.