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.
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.
Since the birth of both MT4 and MT5, countless of comparison have been made but MT4 dominated in popularity. However back in June 2021, MT5 became more popular than MT4 among brokers which highlights the constant improvements the parent company, MetaQuotes provides. This led to MT5 winning the “Best Multi-Asset Trading Platform” award at the Global Forex Awards 2021. The award recognises the best solutions which enable an innovative and value-driven approach to multi-asset trading and technological integration.
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. 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.
What happened between Apple and MetaQuotes may be unfortunate and could serve as a turning point for users. Currently, traders using iOS devices have to start sourcing for other platforms, while Android users can continue to enjoy using the app as MT4 and MT5 on the Google Play Store.
For Apple users who have installed either MT4 and MT5 previously on their IOS device, there is a possibility to reinstall the platform by going to the App Store and go to “Account”, then click “Purchased” and choose the previously installed version [4].
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.
The adaptability of the financial industry has been tested yet again as MT4 and MT5 is removed from the App Store. However, never doubt the tenacity of traders as some have already found alternative sources to the classic MT4 and MT5. Here are three in-house trading platforms to consider:
MetaQuotes and Apple, at the time of writing (5 October 2022), have yet to release any concrete statements. Will traders adapt to the situation and go for alternative platforms? Or will MetaQuotes adhere to future guidelines provided by Apple and be re-listed on the App Store? Only time will tell.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | ![]() |
Bitcoin predictions | 90.4% | 12 | $27 138.42 | 0.67% | 1.42% | $526 244 858 811 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ![]() |
Ethereum predictions | 94.4% | 5 | $1 905.16 | 1.78% | 3.91% | $229 081 653 780 | ||
3 | ![]() |
Tether predictions | 94% | 1 | $1.000098 | 0.01% | -0.03% | $83 257 842 516 | ||
4 | ![]() |
Binance Coin predictions | 91.6% | 2 | $307.40 | 0.66% | 0.16% | $47 910 801 205 | ||
5 | ![]() |
USD Coin predictions | 91.2% | 1 | $0.999845 | 0% | -0.03% | $28 941 949 857 | ||
6 | ![]() |
XRP predictions | 76% | 40 | $0.523096 | 2.89% | 12.38% | $27 192 303 394 | ||
7 | ![]() |
Cardano predictions | 91.6% | 7 | $0.377941 | 3.19% | 3.22% | $13 185 243 857 | ||
8 | ![]() |
Lido stETH predictions | 90.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
9 | ![]() |
Dogecoin predictions | 88.8% | 14 | $0.072236 | 0.21% | 1.81% | $10 084 312 379 | ||
10 | ![]() |
Solana predictions | 84.4% | 27 | $21.22 | 2.15% | 9.04% | $8 419 052 407 | ||
11 | ![]() |
Polygon predictions | 80.8% | 31 | $0.894287 | -0.09% | -3.20% | $8 298 503 979 | ||
12 | ![]() |
Wrapped TRON predictions | 80.4% | 34 | $0.076440 | 1.73% | 0.15% | $7 772 125 964 | ||
13 | ![]() |
TRON predictions | 83.6% | 33 | $0.076681 | 2.03% | 0.46% | $6 916 960 123 | ||
14 | ![]() |
Litecoin predictions | 76.4% | 38 | $94.53 | -0.68% | 7.94% | $6 905 969 709 | ||
15 | ![]() |
Polkadot predictions | 92.4% | 8 | $5.24 | -0.11% | -0.32% | $6 266 962 796 |
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2023 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.