Updated September 26th 2022
MetaQuotes, the software development company behind MetaTrader 4 (MT4) and MT5, received a letter from Apple on Friday, September 23, stating that the firm’s trading apps do not comply with the App Store Review Guidelines (source: FinanceMagnates, hereinafter FM).
Whilst existing users who have the apps downloaded can use them normally, the two popular trading apps are no longer found on App Store.
FM’s reports suggest that the apps removal may be connected with the Western sactions on Russian entities and individuals as a result of Russia’s war on Ukraine. However, a MetaQuotes representative dismissed such claim, as per Finance Magnates article.
The representative of Metaquotes, however, noted that the removal of the trading apps from the App Store has caused significant losses to the company and affected the entire industry as well.
FxNewsGroup, in their latest article about this story, highlight a trend picking up where some “opportunists” on Twitter offer iPhones for sale with MT4 or MT5 pre-installed, for $5,000 and up.
For the time being, no official announcement has been published by MetaQuotes.
Monday, 26th September Update
Whilst the MT4 and MT5 trading apps are no longer available for download from App Store, MetaQuotes Developer profile is active along with the MQL5 Channels and Tradays Forex Calendar Apps.