Abstract：Recently, there is a surprising news in the foreign exchange industry. The world's popular trading platforms MetaTrader 4 ( MT4 ) and MetaTrader 5 ( MT5 ) were removed from the Apple App Store on September 23, and users can no longer download MT4 and MT5 from the Apple App Store.
Recently, there is a surprising news in the foreign exchange industry. The world's popular trading platforms MetaTrader 4 ( MT4 ) and MetaTrader 5 ( MT5 ) were removed from the Apple App Store on September 23, and users can no longer download MT4 and MT5 from the Apple App Store. The news caused an uproar in the trading circle, and all kinds of rumors spread all over for a while, and the rumors and the truth were indistinguishable. In fact, as long as you analyze the situation carefully, you can understand the truth and deal with it calmly.
MT4/5 is just removed from the Apple Store and is not removed from the entire network, let alone banned.
Although MT4/5 has been removed from the Apple App Store, if the existing Apple IOS users have downloaded MT4/5 on their mobile phones or tablets, it will not affect their normal use. That is to say, as long as the software is still available on the IOS terminal, users can still use it. It doesn't affect most users.
Android users will not be affected, because the Android version has not been removed. All Android users will be using it normally. For new users who can't download it from the Apple Store, they can use another Android phone. It's very simple. Well, it's not a bad idea to buy an Android backup.
As for PC, it is the same as Android users - the news has no negative impact and users can still carry on with their trading routine. All transactions on MT4/5 are carried out as usual. Many professional investors and institutions are required to use the PC side. So the news has little effect on this group.
In terms of software update - who will bother to update the old version of the software when you are already used to it？ Either you are forced to update the APP, or the background secretly updates it for you. Moreover, MT4/5 are already very mature trading software.
Of course, many investors still have various questions, such as: “Can I still use MT4/MT5 as usual？”, “Are my funds still safe？”, “Can I choose other trading platforms？”, “Is the money wasted？”, etc. Here WikiFX wants to tell you that you worry too much! The security of funds will not be affected by MT4/MT5. Because the funds are not stored in MT4/MT5, but at the corresponding broker. Customers of each broker can still carry out the deposit and withdrawal operations as usual through the user center.
Exchanges will stop providing data to MT4/MT5？ It is also a rumor! MT4/MT5 is an operating tool, and the various quotation data displayed on the tool come from the above parties. If a single quotation provider withdraws from the quotation, it will not have a disruptive impact on the market quotation of the relevant product. Regardless of whether it is a member-based or company-based exchange, it is its obligation to provide quotations to its brokerage members or counter units. Which trading terminal to use is the choice of the clients. It doesn't matter whether MT4/MT5 is removed from the Apple App Store or not!
The current statement that some particular exchanges will discontinue the provision of quotation data to MT4/MT5 is not supported by any relevant authoritative information. It can be seen that such claims are just speculation.
Microsoft will block MQL？ Not true! MQL is a computer programming language that can be used to develop various trading strategies on this trading software. As the underlying language of MT4/MT5, its importance is self-evident. Microsoft's Windows system itself is a desktop system with strong compatibility - it is compatible with a variety of programming languages. The news that Microsoft blocked MQL is just a rumor spread.
This false claim is also not supported by any authoritative news at present, let alone the so-called relevant overseas English-language media sources. And Wikifx has also verified with Meta, which said that Microsofts claim that MQL is blocked is not true at all.
To sum up, the removal of MT4/5 by Apple is just a false alarm. The impact is not as big as imagined. It is just that some people hope that this will have a great impact.
WikiFX wants to say that the current trading tools and the software market are not very safe. Investors need to stay alert, choose carefully, and bear in mind that what suits yourself is the best. Investors should always conduct their own research so as to find an alternative to the MT4/5 platform that best suits your personal trading style and goals. Or just buy an extra Android phone, which doesn't cost a lot of money.
Choosing a good trading software can help you do a better job in trading. In the face of thousands of real and fake platforms, careless investors can easily be deceived. As a globalized corporate financial information query tool, WikiFX is known as the “Wikipedia in the foreign exchange industry”. Currently, the number of traders included in WikiFX exceeds 39,000, and 11 languages are supported. In addition to providing basic information inquiry, regulatory license inquiry, credit evaluation, platform identification and other services for the included foreign exchange trading platforms, there are also many functions such as exposure, mediation, scam brokersreview, investment information, etc., and investors can therefore understand the foreign exchange industry better. It allows investors to easily identify the reliability of the platform!
