MT4 and MT5 apps removed from the App Store
This news came as a big shock all over the world as many iPhone users might not be able to exchange currencies on their devices. Indeed, Apple has removed the MT4 and MT5 apps from the App Store. Therefore, downloading the application becomes almost impossible. Considering the fact that you cannot download apps on iPhones like you can on Android devices.
Apple/MetaQuotes have yet to comment on the removal of the MT4 and MT5 apps
Neither Apple nor MetaQuotes has commented on why the MT4 and MT5 apps have been removed from the App Store. Nevertheless, there is good news for those who have already installed the apps on iPhones. Apps still work fine. The only problem is that you can no longer get new updates.
Regarding the removal of these apps from Apple’s App Store, many online discussions have speculated as to why Apple removed the apps. There has already been an ongoing removal of Russia-related apps from the App Store. Even though MetaQuotes is currently based in Cyprus, it is originally from Russia. In fact, the founder and CEO of MetaQuotes Renat Fatkhullin and his brother Lenar Fatkhullin who is also the Marketing Director of MetaQuotes are all Russians. According to speculation, this may be a contributing factor to the removal of MT4 and MT5 from the App Store.
Another likely reason for app deletion could be related to several app complaints on the App Store. Apple usually removes apps that reach a certain number of complaints from the App Store. The complaints could be due to a recent article that went viral. The article was written by a Forbes senior technical writer named Cyrus Farivar.
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Forbes article could cause MT4/MT5 apps to be removed
The article was titled “How a man lost $1 million to a crypto ‘super scam called ‘pig butcher’. As part of the scam, the scammer forced retailers to download the Meta Trader app. This has led many affected people to complain about the Meta Trader app on the App Store.
MetaQuotes, on the other hand, had absolutely nothing to do with this scam, but the Forbes article quoted Apple spokesperson Adam Dema, who in turn explained that the company was investigating a complaint against MetaTrader. He went on to stress that they will take further action. To protect App Store users where needed.
This same Forbes article pointed out that MetaQuotes allows MT4 and MT5 licensees to use a particular plugin known as Virtual Dealer. This allegedly dangerous application could be used by crooks to manipulate market prices, duplicate account balances, profits and losses. According to Global Anti Scam Organization, an organization based in the United States and Singapore, MetaQuotes has virtually no rules or policies in place to prevent its licensees from using plug-in software such as Virtual Dealer.
Until Apple or MetaQuotes come out to clarify the whole situation as to why these two apps were removed from the App Store, such speculations will continue to hover for a long time.
What happens next?
The removal of these apps has also created new opportunities for other people and small businesses. Now that there are new series of Iphones, many would like to consider getting their hands on them. But this decision can be risky if you are a forex trader. This is because your favorite trading app cannot run on your new iPhone. This is also where the so-called opportunists come in. There are people selling iPhones with MT4/MT5 pre-installed for around $5,000. Other small businesses also took advantage of this opportunity to promote their apps. The so-called alternatives to MT4 and MT5 applications.
For now, we’ll just cross our fingers and wait for Apple or MetaQuotes to post comments regarding this issue. If there are any updates, we will be happy to share them with all readers