On March 6, 2023, MetaQuotes announced that MetaTrader 4 and MetaTrader 5 apps were reinstated on the App Store. According to the company’s website, “MetaQuotes has communicated to Apple extended explanations surrounding operational technicalities and provided further insights as requested.”
The relisting means that iOS users can download the trading platforms from the App Store, while those who installed MT4 and MT5 before the delisting now get access to application updates.
The History Behind the Relisting
On September 23, 2022, users found they could no longer access MT4 and MT5 platforms on the App Store. Apple didn’t provide a formal explanation but claimed that the MetaQuotes products didn't comply with the App Store's guidelines.
Although the market was shocked by the news, and some analysts predicted problems for MetaQuotes, including a loss of market share and delisting from other stores such as Google Play, the situation wasn’t that bad.
- First, iOS users who downloaded the applications before the delisting could continue using them. The only pitfall was an inability to install updates.
- Second, users could still use the desktop versions of MetaTrader 4 and MetaTrader 5.
- Third, although the share of iOS users is big, many Android users utilise the trading platforms, and the delisting didn’t affect them.
- Fourth, the apps’ removal allowed the company to focus on its new MT5 web terminal* that doesn’t require a download from the Apple App Store or Google Play.
*In October 2022, the company released a redeveloped version of the MT5 web terminal. Among the advantages the company highlighted:
- Increased speed and efficiency;
- The ability of users to fully manage their trading accounts using a mobile device;
- The ability of brokers to adjust the terminal to their requirements;
- The ability to run the terminal on a broker's access server so that it operates as an individual platform. This allows for a high level of security and provides full control for the broker.
There is no information about MetaQuotes’s losses, but the relisting is a positive sign for the company as it has loyal customers. According to Finance Magnate's Quarterly Intelligence Report of Q2 of 2022, MetaTrader 4 and MetaTrader 5 alone covered 83% of the overall online trade transactions.
If you want to learn more about the delisting and find alternatives to MT4 and MT5 in case there are issues in the future, you can read our article, MetaTrader Banned from the Apple App Store: Are There Solutions?
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