Introduction:
MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are popular trading platforms that have been used by millions of traders globally for many years. These platforms were available for download from the Apple App Store, allowing traders to access the markets from their mobile devices. However, in recent times, both MT4 and MT5 were removed from the Apple Store, leaving traders wondering what caused this removal and what implications it could have for their trading activities. In this article, we will explore the reasons behind the removal of MT4 and MT5 from the Apple Store and discuss the implications for traders.
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Reasons for Removal:
The removal of MT4 and MT5 from the Apple Store was due to a change in Apple’s App Store guidelines. The guidelines require all apps to be built using Apple’s programming language, Swift, and the user interface to be designed using Apple’s user interface tools. The guidelines also require all apps to have a clear and concise description of what they do, how they work, and what content they contain.
MetaQuotes Software, the developer of MT4 and MT5, did not comply with these guidelines, which led to the removal of both platforms from the Apple Store. MetaQuotes Software built MT4 and MT5 using a programming language called MQL, which is not Swift-based. The user interface of the platforms was also not designed using Apple’s user interface tools. Additionally, the description of the platforms on the App Store did not meet Apple’s requirements for clarity and conciseness.
Implications for Traders:
The removal of MT4 and MT5 from the Apple Store has several implications for traders, both in the short and long term. Firstly, as mentioned earlier, traders who have already downloaded MT4 and MT5 from the App Store can still use the platforms. However, they will no longer receive updates or bug fixes. This means that these traders could potentially be exposed to security threats or other issues that may not be addressed or fixed in the future. Traders who rely on MT4 and MT5 for their trading activities may need to consider alternative options, especially if they are concerned about the security and stability of their trading platform.
Secondly, new traders who want to use MT4 and MT5 will need to download the platforms directly from the MetaQuotes Software website or from other sources. This could be a challenge for some traders, especially those who are not familiar with the process of downloading and installing software. Traders who are not tech-savvy may find it difficult to navigate the download and installation process, which could lead to frustration and potential errors in the setup of the platform. This could also impact the onboarding process for brokers who use MT4 and MT5 as their primary trading platform, as they may need to provide additional support and guidance to their clients.
Thirdly, the removal of MT4 and MT5 from the Apple Store could lead to a decline in the popularity of these platforms. Traders who are looking for a mobile trading solution may turn to other platforms that are available on the Apple Store, such as cTrader or TradingView. This could have a negative impact on the user base of MT4 and MT5, which could, in turn, affect the support and development of these platforms in the future. Brokers who rely on MT4 and MT5 for their business may need to consider diversifying their platform offerings to cater to traders who prefer other mobile trading solutions.
The removal of MT4 and MT5 from the Apple Store has significant implications for traders. Traders who already use these platforms may need to consider alternative options for their trading activities, while new traders may face challenges in downloading and installing the platforms. The decline in popularity of MT4 and MT5 on the Apple Store could also impact the support and development of these platforms in the future, which may require brokers to diversify their platform offerings to cater to a broader range of traders. Ultimately, the situation remains fluid, and it remains to be seen how this will impact the broader trading industry over time.’
Conclusion:
The removal of MT4 and MT5 from the Apple Store was a result of non-compliance with Apple’s App Store guidelines. Traders who have already downloaded the platforms can still use them, but they will no longer receive updates or bug fixes. New traders will need to download the platforms directly from the MetaQuotes Software website or from other sources, which could be a challenge for some traders. The removal of MT4 and MT5 from the Apple Store could also lead to a decline in the popularity of these platforms, which could affect the support and development of the platforms in the future. It remains to be seen how this situation will develop and whether MetaQuotes Software will make the necessary changes to bring MT4 and MT5 back to the Apple Store.