Apple hasn’t released a statement but some are saying it has to do with the MT platform tied to Russia others are saying it’s another dig at the CFTC attempting to control or at the least create hurdles for Americans trading on the foreign exchange market. Your thoughts?
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Yep, it’s been removed from the IOS App Store… I imagine this will just be the beginning.
It has been reported that MetaQuotes MetaTrader 4 & MetaTrader 5 – the biggest retail forex trading platform has been just removed from an Apple iOS store in what seems to be a retaliation of US Government is an alleged help the CEO of MetaQuotes has engaged (not confirmed) in helping Russian oligarchs to move funds outside of Russia. Android users can still access the platform via mobile.
MetaQuotes moved their offices from Russia to Limassol Cyprus a few years back although it is still Russian owned.
MetaQuotes MT4/5 Client Terminal and Server Applications are widely used in the CFD Industry. The desktop version of MT4 and MT5 has not been removed yet and is still available, however the industry might expect a disruption shortly,
MT4/5 Mobile is archaic tech when compared with TradingView or cTrader so it will only be missed by basic retail traders.
Despite it’s prolific use in the world of Forex & CFD, MetaTrader is not the only game in town, for alternatives, take a look at the following standalone trading platforms, as well as proprietary to broker solutions:
- TradingView
- cTrader
- eToro
- Capital-com
Most aren’t aware that both MetaQuotes (MT4/5) and Spotware (Ctrader) started out as Gaming Software Developers. Who would have guessed?
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Even if MT4 & 5 aren’t available through iOS at the moment we can still just access it from the supporting broker’s webpage. Just use Web Trader or download directly from the broker’s website. No big deal 
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I personally find MT4 to be visually displeasing but many brokers only use it as the platform to execute trades which is why I found the decision to pull the app disturbing. Not to mention, I understand the decision to pull the app surrounding the war involving Russia but this also raises questions to the control our government and even big corporations like Apple has over our independence in trade and livelihood. It makes you wonder how far would they go in other possible circumstances, if need be.
@Traycrenrn I agree, if you’re a fan of Windows 95/NT… MT4/5 is for you! It is quite the affordable platform if you are setting up a brokerage with a complete arsenal of plugins, support and a vast algorithmic library.
I also use it only as a pure execution app for offshore (AUST.) unregulated Brokers with higher leverage.
The US already disallows trading in both directions (Hedging) using some accounting anomaly under the Dodd Frank Act, which in itself raises alarm bells with me.
The cTrader Platform was also developed in the Soviet Union (Also now operated out of Limassol Cyprus) and was already banned in the US. From what I understand, it is access to the backend of the platform that has the US Market/Regulators perplexed.
Opinion: I believe that there has been a mass exodus of small unsuccessful retail traders over the past 24 months. The increase in the capital requirements to achieve a reasonable profit after regulators reduced the leverage available has made entry into these markets less appealing.
Maybe a larger percentage of profitable, experienced traders have remained on the playing field.
This appears to be visible in Trading Forums right across Social Media.
