3 Reasons behind MT4/5 Removal from App Store!

On September 24, the widely accepted forex and CFD trading platform among online forex traders,?MetaTrader 4 and 5 (commonly known as MT4 and MT5), developed by MetaQuotes, were removed from Apple's App Store . Soon, the news became a trending story on social media.

Gravest Challenge for MetaQuotes! How the Market Responded

The market gave mixed responses to the breaking news that literally shocked the global financial industry. 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.

There are a number of iPhones preinstalled with MTs on eBay open for bidding from around the world, priced from a few hundred to a few thousand dollars. It is worth noting, though, we are seeing a lot of bidders on most of the phones for sale. After all, the majority of those who are accustomed to trading on MT in iOS already have the apps, and even if they deleted them for some reason, they can still download them back by going to the Purchase, not to mention that MT apps are still available in Mac OS. More importantly, as mobile trading becomes increasingly popular, Android users are making up half of the market.

Still, many have expressed their concerns, because neither Apple nor MetaQuotes have made any comment on this incident so far (by September 27, 2022).Read More Here