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

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

For a five month period starting in September 2022, neither MT4 or MT5 were available in 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. I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader. Neither Apple nor MetaQuotes has commented on the removal of the trading platforms. MT4 was released in Russia in 2005 before MT5  came in 2009 to support more trading instruments.

why is mt4 removed from apple store

Apple temporarily removed them from their store from September 2022 – March, 2023, but there was never any ban from any government entity. Apple seems satisfied that the issues that lead to MT4 and MT5’s removal have been adequately addressed. Neither Apple nor MetaQuotes have commented on the removal, or the reason(s) for the removal of MT4 and MT5 from the App Store. (FNG has reached out to various senior sources at MetaQuotes, who at the time of writing have not replied). Now I am passionate about reviewing and comparing forex brokers. Another reason is that the platforms are non-compliant with the App Store Review Guidelines.

MetaTrader 4 Partial Close and Close-By – How to Handle These Actions in Regulatory Reporting

On the 23rd of September, Apple informed MetaQuotes, the developers of MT4, of their intention to remove the popular trading app from the App Store. Later on, the same day, Apple removed MT4 from the App Store. Apple has done this many times previously where it would release a version of something popular specifically for Apple users and remove all other similar applications to Apple users would have no choice but to use that application. Another popular scam going around involves Plug-ins with the Meta Trader apps. MetaQuotes is known to be very lenient when it comes to some hacks and cheats people do on their app.

why is mt4 removed from apple store

Meta Trader 4 and Meta Trader 5 have always been compatible with most Android and Apple devices. They were available on both the Play Store and the AppStore so that the majority of users would be able to access their services. Please be informed that the MetaTrader4 and MetaTrader5 apps are no longer on Apple’s AppStore. Apps installed on the device earlier, most likely, will Best Inventory Market Api continue to operate as usual. 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.

Trading Tools

The company simply stated that these MetaQuotes instruments didn’t comply with the App Store’s review guidelines. Though, there hasn’t been any formal explanation from the company. The information contained on this website is for entertainment purposes only and should not be considered personal financial advice. Mike Diamond Financial Skills bears no responsibility for any losses you may incur. This site and its educational mission are funded by affiliate commissions. Social media has been abuzz this weekend, with reports that at some point late this past week Apple removed the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading apps from its App Store.

Although it was said that brokers and traders would feel the impact of the ban in the long run if other app stores also jumped onto the banning bandwagon, it’s only an assumption and hasn’t happened yet. MetaQuotes, a developer of MT4 and MT5 platforms, may find a way to resolve issues with Apple and consider additional mechanisms to avoid similar issues with other platforms in the future. The MetaTrader ban has surprised traders, especially considering how convenient these platforms are for online Forex trading. As suggested by Finance Magnate’s Quarterly Intelligence Report of Q2 of 2022, MT4 and MT5 together covered 83% of the market share of overall online trade transactions.

As of 6 March 2023, MT4 and MT5 are now back in Apple iOS!

MetaTrader 4 is one of the most popular trading platforms in the world and is still used by both retail and professional traders. However, WebTrader gives the serious online investor increased accessibility to prices, as well as the ability to trade on their own terms by easily closing and opening positions or initiating stop orders to protect investments and minimize uncertainty. WebTrader offers real-time insights into price movements or any changes that happen when you are not trading. You can easily access to charts and graphs that are constantly being updated. The platform is attractive to many traders around the world and is one of the most common platforms used by traders after MetaTrader 4 for iOS removal. We now have a good idea of why Apple may have removed MetaQuotes’ MT4 and MT5 apps from the AppStore.

why is mt4 removed from apple store

There have been rumours about the reasons why Apple pulled down the MT4 and MT5. Much of the discussions are linked with the Western sanctions on Russia. Since being registered and headquartered in Limassol, Cyprus, MetaQuotes has its origins in Russia and its founder and CEO Renat Fatkhullin, alongside his brother Lenar Fatkhullin – the company’s Marketing Director – are Russians. 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. You can also install desktop versions of the MT4 or MT5 terminals on your desktop by downloading the files from our website.

Ready to trade at

According to a study conducted in September 2019, MetaTrader 4 was still the most popular trading platform in the world at the time. Apple users who already have either MT4 or MT5 downloaded are said to hold some very valuable devices. It is said that some of these iPhones are now selling for over $5000.

  • Neither of the companies has commented the removal of the platforms.
  • As of this writing, the app remains available on the Google Play store.
  • TickTrader was developed by those who understand market requirements and value customer performance and security.
  • As Forbes previously reported, MetaTrader, which offers licenses for its software, does enable legitimate trade by actual brokerages.

First of all, as it is impossible to download MT4/5 in iOS, which is a closed loop environment where sideloading an app like downloading its apk file elsewhere with your Android phone is a no-no. So, some people took the advantage and started selling various models of iPhones preinstalled with MT apps. Somebody is even selling an iPhone as high as five thousand dollars, compared to the most expensive model of the recently release iPhone 14 Pro Max, which is only 1,400 dollars. While this theory is not that popular, it is still a very good possibility.

You can use WebTrader to trade a range of markets including Forex, Indices, Cryptos, Metals and Oil. May You Please…add More Timeframe Options, & alert & Push Notification On Iphone/ iPad App Please? On the iPad MT4 can you allow “Objects” & “indicators” to sync on the other charts that are open?

However it is unlikely that those users will be able to download future updates or upgrades or patches to their devices. The removal of MT4 and MT5 doesn’t seem to be affecting those iOS users who had already installed the apps on their devices. However, it is unlikely that these users will be able to download future updates and upgrades. It is reported that MetaQuotes’ MetaTrader 4 (MT4) and MetaTrader 5 (MT5) – the biggest forex and contracts for differences (CFD) trading platforms – are removed from the App Store, the mobile store of Apple Inc. Last weekend, Apple removed MT4 and MT5 trading platforms from the App Store.


The platforms are still available for Google PlayStore users. App versions of the popular PC electronic trading platforms  are provided by MetaQuotes Software Corp., a Russian software company that also has registration offshore in Limassol, Cyprus. The reason is alleged non-compliance with guidelines by the developers of the MetaTrader 4 mobile apps.

For this purpose, the Company may also share information with the related entities or any other company in the same group in the event such information is reasonably required in order to provide the products or services to its clients. Most traders and users believe that this was definitely not the right decision. It is going to cause people to lean more towards getting an Android. They will certainly have no problem easily replacing their Apple phones with new ones immediately.

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