MetaTrader Alternatives MT4 & MT5 Banned? What is the alternative?

From 7 March 2023, trading platforms have once again been available for download on iOS-enabled devices. 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 keep hovering around for a long time. This same Forbes article outlined that MetaQuotes allows the lincecees of the MT4 and MT5 to use a particular plug-in known as Virtual Dealer.

This scam type basically uses manipulated crypto apps and websites to make the investment look real. The mobile trading platform allows you to perform trading operations and analyze currency quotes using technical indicators and graphical objects. To download Capital.com, go to AppStore or GooglePlay, get the app and create a free trading account in minutes. It’s a powerful combo for those who are looking to build on their trading experience with high-tech trading tools and software. In a recent poll by Finance Magnates, respondents outlined which alternative to Metatrader they would use.

A possible solution? Connect Capital.com to TradingView

Advanced order types enable the most discerning clients to develop sophisticated market strategies. TickTrader can be used as a Desktop Terminal, a Mobile Terminal on iOS and Android devices, or a Web Terminal to execute trades directly from any browser. You may also opt to get a free VPS which you can access through the MS Remote Desktop app on your iOS device.

Before the apps were restored, MetaQuotes was required to send Apple an explanation of several of their products’ technical features. Our respnse has fully satisfied Apple’s requirements and smoothed over any previous misunderstanding, seeing our iOS apps returned to the Apple Store,” explained MetaQuotes in a statement. It is also welcome news for many traders concerned about being scammed by their MT4/MT5 brokers. MT4’s white label programme has been notorious for many years, and Apple’s ruthless handling of the “pig butchering” scandal has indirectly led to increased security and safety for traders worldwide. This new policy has been problematic for new brokers setting up in offshore jurisdictions. Still, many industry commentators believe that it may have formed a central part of Apple’s decision to allow the MT4 and MT5 apps back on to the app store.

Exclusive: MT4 and MT5 back up on the Apple App Store

EToro has hundreds of financial assets for trading across several categories including stocks, commodities, crypto assets, currencies, indices, and ETFs. Each asset class has characteristics and can be traded using a variety of investment strategies. However, you should always do your own research to find the MetaQuotes alternative for MT4 and MT5 platforms that suit your personal trading style and goals the best. Deciding what your trading strategy is could be a good place to start.

Previously, under the MT4 white label programme, new brokers could provide MT4 to clients by piggybacking on established brokers who already had full access to the MT4 servers. This process had little oversight and was a cost-effective route for new brokers and a money-making venture for established brokers. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. Will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Our goal was to build Purple Trading for traders who are serious about trading. For those with big ambitions, passion for financial markets and determination to work on themselves.

MT4 and MT5 apps are now available in the App Store

As a professional trader, I need to have the possibility to enter the market whenever I feel like it, which is possible thanks to lightning-fast execution speeds from Purple Trading. Success in Forex trading requires reliable technology and premium services from a fair broker. Therefore, at Purple Trading you can count on a wide selection of currency pairs, low spreads and lightning fast execution of trade orders. Those complaints of course had little to do directly with MetaQuotes.

Considering the fact that you cannot sideload apps on iPhones like you can do on Android devices. The content on this website is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. FXOpen is a global forex and CFD broker, with a network of worldwide brokerages regulated by the FCA, CySEC and ASIC. The MetaTrader ban has surprised traders, especially considering how convenient these platforms are for online Forex trading. As suggested by Finance Magnate’s Quarterly Intelligence Report of Q2 of 2022, MT4 and MT5 together covered 83% of the market share of overall online trade transactions.

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Our company respects the requirements of any marketplace and always strives to meet them. We feel responsible to our users and therefore we did our best to provide clarifications on the issues raised from Apple in a timely manner. I also want to thank the traders, brokers and media, who actively showed their support.” After a long process of communication and explanation, MetaQuotes has resolved all issues with the App Store and the applications are fully compliant with their requirements. We understand the importance of reliable trading platforms for our users and are happy to offer them access to these modern and trusted applications once again. Although it was said that brokers and traders would feel the impact of the ban in the long run if other app stores also jumped onto the banning bandwagon, it’s only an assumption and hasn’t happened yet.