After months of suspension, MetaTrader 4 and MetaTrader 5 have received a green light from Apple again. The platforms developed by MetaQuotes Software were suspended by Apple last year amid an increasing number of frauds on them.
As per the official announcement from MetaQuotes, the company has fully cooperated with Apple Inc. for the timely resolution of the dispute. It also stated that the firm had to go through a lengthy route to explain the details to the iOS parent.
MetaTrader’s Monopoly In Forex Markets
The flagship trading platforms MetaTrader 4 and MetaTrader 5 have become an industry standard for retail Forex and CFD brokers. This has led to a dependency of many brokers on the smooth functioning of the platform. Due to the sudden suspension of the software from the Apple store, many brokers found it difficult to serve their clients.
The latest iOS app has been listed on Apple Store after months of suspension. MetaQuotes has also launched a new messenger app for mobile users. The MQL5 Channels app includes analytics tips and financial news. It is available for both Android and iOS users. The app will allow traders from different regions to interact and exchange their views in a secure environment.
MQL5 Channels’ mission is to provide a secure communication platform where traders from all over the world can exchange experiences and collaborate to find optimal solutions.
Apple Received Complaints About MetaTrader App
Over the past few years, investment scams have increased exponentially. The bull market of 2021 played a massive role as the retail interest in speculative assets peaked during this time. Thousands of people have fallen victim to scammers that are only getting smarter in their tactics every day. Amid all these wrongdoings, many victims complained about the MetaTrader app to Apple.
This was also confirmed by Apple spokesperson Adam Deme in his discussion with Forbes. The executive also stated that the company was investigating the issue and would take any actions necessary for user protection.