Tech giant Apple has relisted two MetaQuotes apps, MetaTrader 4 and MetaTrader 5, on the AppStore after being delisted for about six months. This will allow iOS users to re-download the two trading platforms from the AppStore and existing MT4 and MT5 users will receive app updates.
As announced late Monday, the Cyprus-based software company has to provide Apple with detailed explanations of operational technical details and the requested insights, making the relisting process lengthy.
“We are pleased that the situation has been resolved and we managed to find an agreement with Apple,” said MetaQuotes CEO Renat Fatkhullin. “Our company respects the requirements of all marketplaces and always strives to meet them. We feel a responsibility to our users, so we’ve done our best to provide timely clarifications on the issues raised by Apple. I would also like to thank the traders, brokers and media who have actively shown their support.”
An unexpected delisting
MT4 and MT5 are the leading third-party trading platforms in retail Forex and Contracts for Difference (CFDs). According to Finance Magnates Intelligence, it dominated the trading platform market with around 83.8 percent of the total market share by the end of the second quarter of 2022.
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Apple suddenly dropped the two trading apps from its AppStore last September without having a proper explanation for the move. However, industry insiders pointed out that the tech giant had concerns about the use of MT4 and MT5 apps by offshore-based scammers.
Meanwhile, MetaQuotes also seems concerned about the increasing use of its apps by scammers. In a massive policy change, the company stopped processing white-label solutions from its platforms for offshore brokers offering services from loosely regulated jurisdictions.
The delisting from the AppStore also forced the company to focus on its web-based mobile platform. Last November, the company launched a new MT5 web terminal, emphasizing that “there is no need to download a mobile app from the Apple App Store or Google Play”.
Meanwhile, MetaQuotes’ setback benefited directly from its other competitors. Several other trading platform providers have expanded their marketing, and some even confirmed an increase in their business following the temporary ban of two MetaTrader apps.
MetaQuotes recently launched a new mobile application: a messaging app with financial news and analysis tips for traders. It offers the services using MQL5 channels and is available in both Apple’s AppStore and Google’s Play Store.
In addition to the new messaging app and the two trading platforms, MetaQuotes also lists a “Tradays Forex Calendar” in the App Store. It has five applications on Google Play: all apps available for iOS users and Dollar Colombia, an app that shows the current US Dollar/Colombian Peso exchange rate with historical price data.
Tech giant Apple has relisted two MetaQuotes apps, MetaTrader 4 and MetaTrader 5, on the AppStore after being delisted for about six months. This will allow iOS users to re-download the two trading platforms from the AppStore and existing MT4 and MT5 users will receive app updates.
As announced late Monday, the Cyprus-based software company has to provide Apple with detailed explanations of operational technical details and the requested insights, making the relisting process lengthy.
“We are pleased that the situation has been resolved and we managed to find an agreement with Apple,” said MetaQuotes CEO Renat Fatkhullin. “Our company respects the requirements of all marketplaces and always strives to meet them. We feel a responsibility to our users, so we’ve done our best to provide timely clarifications on the issues raised by Apple. I would also like to thank the traders, brokers and media who have actively shown their support.”
An unexpected delisting
MT4 and MT5 are the leading third-party trading platforms in retail Forex and Contracts for Difference (CFDs). According to Finance Magnates Intelligence, it dominated the trading platform market with around 83.8 percent of the total market share by the end of the second quarter of 2022.
Continue reading
Apple suddenly dropped the two trading apps from its AppStore last September without having a proper explanation for the move. However, industry insiders pointed out that the tech giant had concerns about the use of MT4 and MT5 apps by offshore-based scammers.
Meanwhile, MetaQuotes also seems concerned about the increasing use of its apps by scammers. In a massive policy change, the company stopped processing white-label solutions from its platforms for offshore brokers offering services from loosely regulated jurisdictions.
The delisting from the AppStore also forced the company to focus on its web-based mobile platform. Last November, the company launched a new MT5 web terminal, emphasizing that “there is no need to download a mobile app from the Apple App Store or Google Play”.
Meanwhile, MetaQuotes’ setback benefited directly from its other competitors. Several other trading platform providers have expanded their marketing, and some even confirmed an increase in their business following the temporary ban of two MetaTrader apps.
MetaQuotes recently launched a new mobile application: a messaging app with financial news and analysis tips for traders. It offers the services using MQL5 channels and is available in both Apple’s AppStore and Google’s Play Store.
In addition to the new messaging app and the two trading platforms, MetaQuotes also lists a “Tradays Forex Calendar” in the App Store. It has five applications on Google Play: all apps available for iOS users and Dollar Colombia, an app that shows the current US Dollar/Colombian Peso exchange rate with historical price data.
