Why was MetaTrader taken down? (2024)

Why was MetaTrader taken down?

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.

Why MetaTrader is 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.

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.

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.

Why MT5 removed from Play Store 2024?

The removal of Meta Trader 4 and Meta Trader 5 apps from the Play Store might be due to various reasons, such as policy violations, security concerns, or other issues. It's best to check official statements from MetaQuotes, the developer of Meta Trader, for more details on the specific reasons for their removal.

Why is MT4 banned in US?

The MetaQuotes move indicates that the company is very cautious when it comes to offering services using its platform to US clients. 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.

What replaced MetaTrader?

Other important factors to consider when researching alternatives to MetaTrader 4 include features. We have compiled a list of solutions that reviewers voted as the best overall alternatives and competitors to MetaTrader 4, including thinkorswim, eToro, E*Trade Web Platform, and Binance Broker.

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.

Will MT4 be discontinued?

MT4 will stay as long as Metaquotes makes its major returns with it and there is nothing available to substitute that cash flow.

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.

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 is MetaTrader 4 not letting me trade?

The trade is disabled in MT4 error message means that you can't execute any trades with your broker. This error message usually appears when you try to place a new trade. It can indicate that you are trying to execute a trade while the market is closed, on an invalid symbol or your account hasn't been set up correctly.

Will forex shut down?

It has continued to grow in popularity and volume, indicating that it will likely remain a prominent financial market for the foreseeable future. Yes. Forex trading will last forever, will never go to an end. It is a worldwide marketplace where traders trade various currencies and make a profit.

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.

Is MT5 a Russian company?

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.

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 MT4 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. We're here 24 hours a day, from 3am Saturday to 5pm Friday (EST).

Can you use MT4 in America?

In conclusion, US traders can access a range of reputable and well-regulated forex brokers offering MT4 and other advanced trading platforms.

Which company owns MetaTrader?

Who created MetaTrader? Founded in 2000, MetaQuotes Software Corp is the developer of MetaTrader4 (MT4) and MetaTrader5 (MT5) software. The MetaTrader suite, which is licensed by brokers and offered to traders, is one of the most widely-used trading platforms for retail forex and CFDs trading globally.

What is the best trading platform?

Who is better MT4 or MT5?

Both MT4 and MT5 are the official versions created and distributed by MetaQuotes Software. The new MT5 version is considered to be superior for stock trading and order management, while the older MT4 platform is considered to be superior for forex trading.

Can you use MetaTrader in the US?

Yes, you can. With MetaTrader 4 you have the option to set buy and sell limits in the 'orders' window.

How legit is MetaTrader?

Is MetaTrader 5 a Scam? To begin with, it should be clarified that MT5 itself is in no way a scam. As explained above, MT5 itself is simply a software application that allows traders to connect to trading platforms and facilitate transactions via computers.

Why do traders prefer MT4 over MT5?

MT4 is the better bet if you are certain you will only be trading forex and CFDs, and you want to keep things very simple. It is a simpler platform and easier to get to grips with. If you trade stocks or more than one asset class, MT5 is definitely the right platform for you.