AppleremoveMetaTraderHow has the industry responded to the application?

Apple Inc.Last week, from itApp StoreDeleted in the middleMetaTrader 4andMetaTrader 5Application, this pairforeign exchangeContracts for Differences（CFDs）The trading industry could be a huge blow.

The move of this tech giant was unexpected.App StoreIt's the only one that canAppleofiPhoneandiPadWhere to install mobile applications (with some technical exceptions).

Although the exact reason for the removal of the application is still unclear, it is expected to be usedMetaTraderThe increasing number of scams implemented by platforms has promptedAppleWe took sudden measures. Some industry insiders also speculate that,MetaQuotesOriginating from Russia, the ongoing sanctions imposed by the United States on that country areAppleThe reasons behind this move. However,MetaQuotesAll such claims have been refuted.

AppleThe removal of applications not only affectsMetaQuotesIt also affected dozens of brokers who use these platforms. according toFinance Magnates IntelligenceData from to2022At the end of the second quarter of the year,MT4andMT5Total market share83.8%. However,MetaTraderThe mobile transaction share of the platform and its basisiOSandAndroidThe customer base is unknown.

With such a dominant market position, it is not surprising that the industry has a strong reaction to the removal of applications.

Industry response

Gold-iFounder and CEO ofTom HigginsRepresent:“MetaTraderThe mobile application is released as a single application for all brokers. Due to some traders'AppleComplaints about losses through some unscrupulous brokers,AppleThe application has been removed. This is an unusual situation as an application is designed for multiple purposesB2BWhat customers provide to themB2Ccustomer I knowMetaQuotesI am currently researching solutions, and I can see several options among them. ”

From a recent perspective, this only affects the download of new applications, so there are no issues for existing users. If you need to trade on your phone now, please ask your broker if they provide a service that can run on any deviceMetaTraderNetwork version. ”

In the long run, eitherAppleAllow the application to re-enter the store, orMetaQuotesMultiple versions can be released, one for each broker, so that only bad brokers will be banned. ”

NetdaniaCo CEO ofRasmus Bagger-PetersonThis is a major event that will definitely bring a lot of trouble to the trading industry. It may force more and more brokers to seek other trading applications through third parties or start developing their own platforms

competeCompete with opponents

MetaQuotesSome competitors have also come forward to support the company.

WeSpotwareandcTraderThe team is interested in learningMetaQuotesOur trading platformMT4andMT5has beenApp StoreDismantling indicates regretSpotwareMarketing Director ofAris ChristoforouIndicating that the company is a popular trading platformcTraderThe supplier.

We respectMetaQuotesThe work done,cTraderI hope to express my support to them and hope that this matter can be resolved as soon as possible to maintain fair competition, continue to drive and challenge each other in innovation, creation, and provision of beneficial trading applications, and benefit brokers and traders worldwide. ”

But competitors may also benefit from the current situation.

X Hub OpenCEO ofMichałCopiukstayLinkedinIt reads: 'InApp StoreOff shelfMetaQuotes MT4andMT5After the market chaos caused by mobile platforms,X Open HubThe report states that interest in our technological solutions has increased. ”

DevexpertsSenior Vice President of Software EngineeringEvgeny Sorokinin the commentsAppleWhen making the decision, it is said that it is a common practice for scammers to slaughter pigs by luring people into the 'get rich quick' program. There is also information about how speculative shops use itMTThe story of10many years. So what surprised me was that another instance caused such a big reaction that it resulted in a blow - but mainly because it took a long time, andAppleEveryone cares.

Our strategy has long been different: we provide solutions while our customers enjoy the ability to make them look like they are manufacturing. When we offer white label products, such asDXtradeThey are published on behalf of brokers, so inAppleThere has been no change since this move - the mitigation of these risks is inherent. Perhaps we will double our efforts to simplify the white label to meet the growing demand. ”

brokeragemerchant

Related industry media are contacting many brokers to understandApp StoreremoveMT4andMT5What impact does the application have on their business. More details and reactions are expected, and this article will be updated accordingly.