How Can Traders Deal with Apple’s MetaTrader Ban?

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_Update_: On March 6, 2023, MetaQuotes announced the relisting of MetaTrader 4 (MT4) and MetaTrader 5 (MT5) on the App Store, allowing iOS users to download and update these trading apps. While the apps are now available, understanding the context behind the temporary ban remains valuable for traders.

The trading community was stunned when Apple initially removed MetaTrader platforms from its App Store. Many traders scrambled for alternatives, while others were left uncertain about the implications for their trading strategies.

This guide explores the reasons behind Apple's MetaTrader ban, its impact on MT4 and MT5 trading, and effective alternatives for uninterrupted trading.

Understanding the MetaTrader Ban

On September 23, 2022, traders discovered MT4 and MT5 had been removed from the Apple App Store. Apple cited non-compliance with App Store review guidelines, though no specific details were provided.

The ban surprised traders given MetaTrader's dominance in online Forex trading. Finance Magnate's Q2 2022 report revealed MT4 and MT5 collectively accounted for 83% of all online trading transactions.

Impact on Traders: What You Need to Know

  1. Existing Users: Traders with MetaTrader already installed could continue using the apps but couldn't receive updates
  2. Desktop Versions: MT4 and MT5 desktop platforms remained fully functional
  3. Android Availability: The apps stayed accessible via Google Play Store

While concerns arose about potential long-term effects if other platforms followed suit, these scenarios haven't materialized. Apple also left the door open for future reinstatement, which MetaQuotes ultimately achieved.

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Top Alternative: FXOpen TickTrader Platform

For traders seeking alternatives, FXOpen's TickTrader platform offers a robust solution with these features:

Multi-Device Accessibility

Advanced Trading Features

API Integration

Frequently Asked Questions

Can I still use MetaTrader on my iPhone?

Yes, since March 2023, MT4 and MT5 are again available on the App Store for download and updates.

What happened to existing MetaTrader users during the ban?

Users with previously installed apps could continue trading but couldn't update their software.

Are there risks of future MetaTrader bans?

While possible, MetaQuotes has demonstrated the ability to resolve compliance issues with Apple.

How does TickTrader compare to MetaTrader?

TickTrader offers similar functionality with additional customization options and advanced order types.

Can Android users access MetaTrader?

Yes, MetaTrader remains available on the Google Play Store for Android devices.

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Key Takeaways for Traders

  1. The temporary MetaTrader ban highlighted the importance of having alternative trading solutions
  2. Desktop versions and Android apps provided uninterrupted access during the ban period
  3. Platforms like TickTrader offer comparable features with additional customization options
  4. Traders should consider maintaining access to multiple platforms for contingency planning

Note: Cryptocurrency CFDs at FXOpen UK and FXOpen AU are only available to Professional clients under respective regulatory guidelines.

This content represents the opinion of companies operating under the FXOpen brand and should not be considered financial advice.


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