Why MT4 and MT5 removed? (2024)

Why MT4 and MT5 removed?

On September 23, 2022, users found MT4 banned and MT5 banned from the Apple App store. The company simply stated that these MetaQuotes

instruments didn't comply with the App Store's review guidelines.

Is MT4 and MT5 banned?

Both platforms were still available on Android, but the move from iOS rocked the industry and global community of iPhone traders and brokers, deciding to ban the platform's download for new users. What was behind Apple's hasty decision?

Why has MT4 been removed?

#2 Why was MetaTrader removed from the App Store? With so much success and consistency across the years, why did MT4 and MT5 suddenly disappear from the App Store? Apple removed MT4 and MT5 from the App Store on the 23^rd of September 2022 claiming the app did not comply with its guidelines.

Why is MetaTrader 4 not available?

The reason is alleged non-compliance with guidelines by the developers of the MetaTrader 4 mobile apps. Currently there is no way to install MT4 app on devices running Apple's iOS. If you're looking for a quality mobile app for trading on financial markets, WebTrader could be a suitable replacement.

Why MetaTrader 5 market closed?

The 'market is closed' error message means you are trying to trade outside of the product's trading session. You will not be able to place or change orders over the weekend, on market holidays or and at other times when the relevant markets are generally closed.

Is MetaTrader 4 legal in US?

Outside of the US it is very common to trade Stock CFDs (Contracts For Difference) which are great given the right broker, but CFDs are not allowed in the US and therefore the only way to use MT4 or MT5 to trade stocks would be to trade stock CFDs using a foreign broker that accept US residents as clients...

Will MT4 be phased out?

Will mt4 be phased out? No. Although Metaquotes announced several years ago they would no longer be supporting MetaTrader 4, it is still available from their website for free download and remains by far the most popular and widely used trading platform. What is the difference between MT4 and MT5?

Do people still use MT4?

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are two of the most popular trading platforms in the world. MT4 was released in 2005, while MT5 was released in 2010. As of January 2023, there are over 40 million active MT4 users and 10 million active MT5 users. There are a few key differences between MT4 and MT5.

Will MT5 come back to App Store?

On March 6, 2023, MetaQuotes announced that MetaTrader 4 and MetaTrader 5 apps were reinstated on the App Store.

Where is MT4 banned?

Will MT4 and MT5 still work on Android? The apps do not appear to have been removed from Google's Play Store. Android users should be able to run them without problems.

Is MetaTrader 5 allowed in the US?

If you want to trade stocks or options on MetaTrader, you'll have to do it outside the United States. Still, plenty of quality brokerage options exist for international traders who wish to use MetaTrader 5.

What is happening with MetaTrader?

New users can no longer download the application, and existing users won't be able to update it in future. It's likely that the app won't function without the necessary updates. Traders using the MT4 or MT5 app on an Android device (downloaded from Google Play) aren't affected by this change.

Why MT5 is better than MT4?

MT4 vs MT5 Takeaways

MT4 is much easier for newer Forex traders. However, it only supports forex assets and CFDs and has fewer features than MT5. MT5 offers a greater volume of technical indicators, timeframes and graphics, along with improvements such as an economic calendar.

Is MT5 still banned?

Traders can still trade on MT4 and MT5 desktop terminals or utilise the mobile application if they are an Android user. Moreover, they may leverage potential alternatives to give an edge to their Forex trading journeys. You can open a live account at FXOpen to try MetaTrader 4, MetaTrader 5, and TickTrader platforms.

Will MT5 replace MT4?

MT5 is faster and more efficient than MT4, but it doesn't replace the previous platform as it is different and simply offers more than MT4 does.

What is the news about MT4 and MT5?

FXOpen would like to inform you of some significant updates to the MetaTrader4 (MT4) and MetaTrader5 (MT5) platforms. Starting from December 1, 2023, the following will be the minimum required versions for the trading platforms: MetaTrader 4 build 1380, released on March 24. MetaTrader 5 build 3802, released on June 9.

Do professional traders use MetaTrader 4?

MetaTrader 4, or MT4, is an online trading platform and one of the leading trading platforms used by both beginners and professional traders to place orders. It was released in 2005 by MetaQuotes Corporation and remains, to this day, one of the most popular platforms preferred by traders globally.

Which broker still uses MT4?

Here is a list of forex brokers that offer MetaTrader 4: Admiral Markets, ACY Securities, AvaTrade, BDSwiss, BlackBull Markets, City Index, CMC Markets, Capital.com, Eightcap Review, Forex.com, FP Markets, FXCM, FxPro, HYCM, HFM, IC Markets, IG, LegacyFX, OANDA, OctaFX, Pepperstone, Saxo Bank, Swissquote, Tickmill, ...

Should I use MT4 or MT5?

The new MT5 version is considered to be superior for stock trading and order management, while the older MT4 platform is considered to be superior for forex trading. As a matter of fact, most retail traders will notice little difference between the two platforms.

What will replace MetaTrader?

Who owns MetaTrader 4?

MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients.

Is MT4 a Russian company?

WIIEREAS, The Licensor is the legal owner and/or exclusive and rightful user of all Intellectual Property Rights and copyrights to MetaTrader 4 trading platform, a computer software package (hereinafter referred to as the “System”), properly registered by the Licensor with the Russian Patent and Trademark Office (“ ...

Why do traders prefer MT4?

Its ease of use, simple design and inclusion of several useful inbuilt tools make it a highly efficient trading platform. Initially launched in 2005 by MetaQuotes Software as a simple charting package, MT4 has been upgraded over time to include several new features and tools.

Why is MT4 banned on iOS?

MetaQuotes has announced that the iOS versions of its flagship products, MetaTrader 4 and MetaTrader 5, were reinstated after being suspended for months due to security concerns and several fraud cases using MT4/5.

Is MT4 back on Apple?

Pepperstone offers its traders both MetaTrader 4 and MetaTrader 5. Both can be downloaded from our site, as well as on the Android App Store (who have offered MT4 and MT5 uninterrupted during this time) and, now, the Apple App Store as well. To find out more, read about our MetaTrader offering.