What happened with MetaTrader? (2024)

What happened with MetaTrader?

In September 2022, a ban on the MT4 and MT5 apps in Apple's App Store, which affected all markets, made headlines. Though the reasons for the decision were unclear, there was speculation that it was related to trading scams published in the iOS app store, impersonating popular trading platforms.

What is going on with MetaTrader?

The two MetaTrader apps were banned on Apple's App Store in 2022 for their alleged use by fraudsters targeting the US citizens and residents. However, both apps were restored after a few months.

Why is MetaTrader not working?

Restart your platform.

If you are certain that you are using the correct logins, restart the platform— close it > wait for 10 seconds > open it again. If you are using an anti-virus, firewall, VPN, or any other security program, make sure that MT4 and/or MT5 are on the list of “allowed programs“.

Why was MetaTrader removed?

There could be several reasons behind this, ranging from technical issues to policy updates. However, it's important to note that the removal of MetaTrader from the Play Store doesn't reflect negatively on the platform itself. It remains a reliable tool for traders worldwide.

Why is MetaTrader market closed?

The 'market is closed' error message means you are trying to trade outside of the product's trading session. You will not be able to place or change orders over the weekend, on market holidays or and at other times when the relevant markets are generally closed.

Will MetaTrader come back?

Metatrader 4 (MT4) and Metatrader 5 (MT5) applications have returned to the Apple App Store as of 6th March 2023, after being unexpectedly removed by Apple in September 2022 for non-compliance issues.

Is MetaTrader 4 available in USA?

Learn more about the benefits of MT4, how to open an account with us, and what features it offers – including a range of free indicators and add-ons. Start trading today. Call 844 IG USA FX or email newaccounts.us@ig.com.

Do people still use MetaTrader?

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are two of the most popular trading platforms in the world. MT4 was released in 2005, while MT5 was released in 2010. As of January 2023, there are over 40 million active MT4 users and 10 million active MT5 users.

Is MT4 being removed?

The desktop version is also still fully available and hasn't been affected at all. The MT4 and MT5 apps were removed from the App Store on the 23rd of September 2022.

Is MetaTrader 5 no longer available?

What Is the MetaTrader 4 and MetaTrader 5 Ban All About? On September 23, 2022, users found MT4 banned and MT5 banned from the Apple App store. The company simply stated that these MetaQuotes instruments didn't comply with the App Store's review guidelines.

Can US traders use MT4?

MT4 has been the standard for FX, both with U.S. regulated brokers and offshore brokers. MT5 is more often used for U.S. Futures Trading. MT5 unlike 4 comes in two versions: Netting and Hedging. Whereas an EA hedges or not under MT4, with MT5 the platform itself determines whether hedging takes place.

Is MetaTrader Russian owned?

App versions of the popular PC electronic trading platforms are provided by MetaQuotes Software Corp., a Russian software company that also has registration offshore in Limassol, Cyprus.

What will replace MT4 and MT5?

Vantage WebTrader, a web-based platform offers traders a convenient alternative to traditional downloadable trading software like MT4 and MT5. As a web platform, it can be accessed easily without the need to download any software, making it ideal for online brokers and traders who value speed and convenience.

Where is MT4 banned?

In 2023, India's central bank, the Reserve Bank of India, blacklisted many forex firms, including prominent and regulated brokers such as Just Markets, Blackbull and Admiral Markets, and others. This is not the first incident. These platforms are banned in India. In September 2022, India banned MT4 and MT5.

Why did MT4 close my trade?

If you have several open positions on your account in MetaTrader 4, the position with the highest level of floating losses will be closed first. If you have several open positions in MetaTrader 5, the position with the highest starting balance will be closed first.

Why is MetaTrader frozen?

Freezing can be a consequence of excessive resource usage by the platform itself, insufficient system resources, or an unstable internet connection. In some cases, MT4 freezes can be attributed to poorly coded custom indicators or Expert Advisors (EAs) that consume excessive system resources.

Who owns MetaTrader?

MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients.

How do I get my money back from MetaTrader 4?

The withdrawal methods available to you will depend on your broker. Some brokers offer a limited range of methods while others have several options available. The common withdrawal methods include wire transfers, credit and debit cards, and online payment solutions such as Skrill, PayPal, Neteller, and WebMoney.

Can you use MT5 in the US?

If you want to trade stocks or options on MetaTrader, you'll have to do it outside the United States. Still, plenty of quality brokerage options exist for international traders who wish to use MetaTrader 5.

Can you still download MT4?

Open the Android store. Enter 'MetaTrader 4' into the search bar. Select the download option and install it on your device. Open and log into the app with your FXCM login details.

Is MetaTrader 4 Legal?

Yes, the MT4 WebTrader trading platform is legitimate.

How to use MT4 in usa?

Is MetaTrader real or fake?

While MT5 itself is not a scam, it's essential to recognize that for a secure experience, one must know about any potential scams and fraudulent behaviour they may encounter when using the platform.

Can MetaTrader be trusted?

Is MetaTrader safe? Yes, MetaTrader itself is safe – but it's important to remember that MetaTrader is a software suite (developed by MetaQuotes Software), not a broker.

Why do people still use MT4?

Although MT4 was specifically built for Forex trading, the platform can also be used to trade other assets such as stocks, indices, and commodities via CFDs. Both beginners and experienced traders appreciate MT4 because it is multi-functional, user-friendly, and allows users to customize the interface to their needs.