Apple App Store VS MetaQuotes - Who is the next Apple App Store and who will be the next MT4/5?

The leading mobile phone Apple taken down the best trading apps MetaTrader4 (MT4) and MetaTrader5 (MT5) from its App Store has sparked debate in the forex market. So far, neither Apple App Store nor MT4/5 vendor MetaQuotes have commented on the incident, but the discussion continues to rise.

Who will be the next Apple App Store？

There are two possible reasons for the removal of MT4/5 from the App Store. The first reason is that the United States has imposed sanctions on Russia, and the company MetaQuotes created by Russia should also be sanctioned. The another reason is trading software provided by MetaQuotes involves a new cryptocurrency scam, which has been complained by a large number of users, resulting in the removal of MT4 from the Apples App Store.

Either of these two statements is definitely bad for MetaQuotes. The removal of MT4/5 from the App Store has caused huge losses for the leading trading software MetaQuotes, and there is no sign yet that it will be brought back.

The MetaQuotes website is still available for download from Windows on the PC, Google Play on the mobile, Huawei's App Gallery and Apple's App Store. The fact that Apple's App Store is still on the recommended download path，which probably means that MetaQuotes is not ready to break with Apple completely, and that further communication between the two is possible.

An email from MetaQuotes reveals that all necessary actions are being taken in an effort to restore the application as soon as possible. So far, it is unclear whether the application of IOS mobile can be resolved or it will not meet the needs of brokers and users/investors using IOS mobile. More worrying is whether platforms like Google and Huawei will follow Apple's lead and remove MT4/5 from their store？ As thing stand now, it's unlikely that Google and Huawei remove MT4/5 from their store, because they'll know that taking down MT4/5 the leading trading software is also a loss to the users.

Who could be the next MT4/5？

The news that MT4/5 has been removed from Apple's App Store is a wake-up call to brokers who use MT4/5 software. As by far the world's leading and most used trading platform, it provides transactions for thousands of online brokers. Once a broker loses IOS users because of MT4 software, it is also a huge loss for the broker, so the broker also eager to find the most appropriate solution.

So far, industry giants such as FXTM, Exness, XM, FXCM and IG Market have not commented on the issue, but there are brokers desperate to survive who are looking for alternatives.

David Bily, founder and CEO of Moneta Markets, openly expressed shock at the removal of MT4/5 from the App Store in an interview. He later added: “We are working on our own custom trading apps for iOS and Android, and given the recent news that the MT4 and MT5 trading apps were removed from the Apple App Store, this will give us, as I imagine, Many of our competitors will be hit hard by Apple's decision. As soon as the news came out, fast tracking the development of our App project became our top priority. This again highlights the key advantages of running a lean business model.”

For nearly two decades, out-of-the-box broker platforms have helped create a large forex/CFD retail market that is open to trading by all. This standardizes the product and makes it easy and cheap to set up the technical part of the brokerage business. The only other solution is to build your own trading software in-house, but this is obviously more expensive and complex. And after a long period of accumulation, traders have become accustomed to it, and it is difficult for existing brokers to move to new platforms.

In addition to brokers developing their own trading software, in fact, there are other trading software can be replaced. Among the current alternatives to MT4/5, Thinkorswim, eToro, TradingView and E*Trade Web Platforms have also received a good response. But there is no doubt that MT4/5 remains the preferred choice of brokers and investors.

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