Meta Trader 4 and Meta Trader 5 are the most popular trading platforms in the world. They are more commonly known as MT4 and MT5 and surpass all other trading platforms in terms of a variety of services and customer support. MT4 and MT5 have been removed from the AppStore.
These popular platforms were developed by the company MetaQuotes and have been providing services for several years now to both Android and Apple users. However, this is no longer the case. Find out what exactly happened.
So What Happened?
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. However, this soon changed just a few days ago.
It was revealed that Apple had removed both the Meta Trader 4 and Meta Trader 5 platforms from the AppStore. This revelation shocked traders worldwide as this came unexpectedly through no statement from either Apple or MetaQuotes. It was a very unexpected revelation.
This was surprising as normally when Apple is to make a big change on their platform or services, they update users in advance so it doesn’t cause any major impact on anyone’s daily routine. However, this revelation came so unexpectedly that users wonder if it was even real.
Who is Impacted?
So who exactly is impacted by this recent removal of the Meta Trader 4 and Meta Trader 5 from the AppStore? Every Apple user who is looking to download these platforms can no longer do so as it won’t show up on the AppStore. This goes for iPhone users but also iPad users as well.
The good news is that if you already have either the Meta Trader 4 or Meta Trader 5 platforms downloaded on your Apple device, you have nothing to worry about, as these apps will not be deleted. The most that’s going to happen is that you’re going to stop receiving any new updates.
Android users can sigh a breath of relief as they are completely unaffected by this recent update. Both the Meta Trader 4 and Meta Trader 5 platforms are running smoothly on all Android devices, and you can still find them on the Play Store. Nothing to worry about here!
Reasons MT4 was Removed from AppStore
Now the question arises, what exactly caused Apple to remove the MetaQuotes applications Meta Trader 4 and Meta Trader 5 from the AppStore? Since Apple didn’t release any official statement, traders and analysts are coming up with their own theories on what might be the reason Apple has done such a thing. Here are some of the top potential reasons why Apple removed the MetaQuotes MT4 and MT5 applications from the AppStore:
Netizens have noticed that Apple has quietly removed several applications from the AppStore that have ties to Russia. This is in protest of the recent inhumane war that Russia is carrying out in Ukraine. Several sanctions are being placed on Russia, and Apple is doing the same.
Apple is showing full support to Ukraine by removing all applications from the AppStore with ties to Russia. While this may seem like an act that is not going to cause any major impact on Russia, it is actually going to cost Russia millions of dollars in revenue lost in failed sales.
It is unclear if the end of the war is going to bring back these apps to the AppStore. This is entirely because we’re not yet sure if this was the reason why Apple banned these apps in the first place. However, we are to expect a statement from either parties soon if it were the case.
One thing Apple is known for is being a safe operating platform. Apple users take pride in knowing that they are in safe hands and free from most scams that are faced by Android users. This is exactly why the majority of people buy Apple devices in the first place. It is very safe!
Recently, there was a scam going on involving the MetaQuotes apps MT4 and MT5. The scam was that people were offered money in exchange for downloading these Meta Trader apps. However, they were never actually paid for doing so. This is a big offense in the eyes of Apple.
If Apple found out about this download scam, there is no doubt that they would remove the Meta Trader applications from the AppStore in order to teach the creator a lesson. If this was the reason for Apple to delete the app, there is a high possibility that this is just a temporary ban.
No matter what type of scam you are trying to commit, Apple is always going to be one step ahead of the game. They have already thought about different ways to cheat the system, and this helps them catch the cheater almost immediately. They are better than the local police!
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. They usually turn a blind eye when they see people doing illegal activities or scams on the app.
This is exactly why Apple must’ve banned them. A plug-in scam is where users enter a plug-in to any of the Meta Trader 4 or Meta Trader 5 apps, which helps them change the values of their profits or trades. This can be used to trick people into investing with you by seeing high profits.
Possible Proprietary Platform
While this theory is not that popular, it is still a very good possibility. Apple could be slowly removing all the top trading platforms like Meta Trader 4 and Meta Trader 5 from its AppStore because it could have plans to release its own trading platform specifically for Apple users.
While this is a hard shot, it is not impossible. 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.
If this reason proves to be true, Apple will be facing very hard controversy as they would’ve gotten rid of their competition the easy way instead of working hard to make their application the top choice. This would put Apple in a bad spotlight where it would be judged by everyone.
MT4 Removed From AppStore – The Impact
We now have a good idea of why Apple may have removed MetaQuotes’ MT4 and MT5 apps from the AppStore. However, it is also important to understand how this has impacted traders worldwide. For starters, Apple users who are using these trading platforms are now considering shifting to Android. This is at least for the time being, till Apple reintroduces the MetaQuotes apps.
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. This is a crazy amount of money, but it is nothing for the trader who is a professional goal seeker.
Should MT4 Have Been Removed from AppStore?
Apple has been consistently making some bad decisions these last couple of years. And this recent update is just the icing on the cake. Apple may have its reasons for deleting the app. However, these reasons are certainly not worth the billions that it will lose with no commission.
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. Most top traders have money to burn. They will certainly have no problem easily replacing their Apple phones with new ones immediately.