An industry article recently highlighted that MetaQuotes has been more careful in whom mt4 platform for ipad they license their MT5 software too, read more. It used to be that anyone could get a license, and overnight become a broker. Now MetaQuotes in verifying company information before giving out a server license.

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Some were worried that Apple’s decision was just the beginning and forex brokers may cease their partnerships with MetaQuotes. This didn’t happen, however, although many brokers did look to add other platform options. With access to over 5,000 global https://www.xcritical.com/ financial instruments, including forex, indices, commodities, shares and ETFs, brokers are empowered to retain clients regardless of market conditions. X Open Hub not only offers the latest technology solution, but also the broadest liquidity offer in the market today. EToro is a prominent social trading and multi-asset investment company that focuses on providing financial services to a global user base.

Is there a better professional platform than MT4 and MT5 for traders?

Also, by trading with an unregulated broker, you cannot be certain that your funds will be available for withdrawal when you want them. Assumptions say that Apple is starting to restrict apps with ties to Russia as a form of sanctions against their aggressive acts towards Ukraine. There was also speculation that the decision had something to do with the Russian origin of the software, but they do not seem credible given that the steps against MetaQuotes were taken solely by Apple.

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From what I understand, it is access to the backend of the platform that has the US Market/Regulators perplexed. @Traycrenrn I agree, if you’re a fan of Windows 95/NT… MT4/5 is for you! It is quite the affordable platform if you are setting up a brokerage with a complete arsenal of plugins, support and a vast algorithmic library. MT4/5 Mobile is archaic tech when compared with TradingView or cTrader so it will only be missed by basic retail traders.

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It would also be nice to be able to adjust the chart without having to switch timeframes, like you can on the desktop MT4. Anyhow, that’s just my two cents, this is still a fantastic app and program all around. Sure, desktop users are unaffected by the change but their experience trying to monitor trades on the go is now limited.

Capital.com offers access to MT4 and TradingView, giving our customers as many options as possible in a premium online trading environment. After almost two decades of success with traders and forex brokers, an MT5 and MT4 ban could be around the corner. There has been a lot of speculation about the reasons for the MT4’s removal from the App Store, the latest being a $1m crypto cyber scam, as reported by Forbes. Initially, it was claimed that the move was linked to the Western sanctions on Russia, but this claim has been refuted.

This is my 1st time using a Forex platform, and MT5 just runs so smooth. I love the fact that you can set Stop Losses and Take Profit Targets, that was a huge plus for me. I’ve actually been trading in Demo for a couple of months now, so that’s a huge plus as well for beginners, letting you get some practice in and find a strategy that works with you. Also it helps familiarize yourself with the charts and how the whole Forex market works. There is a few things that bother me but not enough to switch to another platform.

• Additionally, the fast growing crypto market and decentralized exchanges, is prompting users to explore the best MetaTrader 4/5 alternative options.
• We need look no further than Turkey to understand the potential disaster faced by countries unable to keep up with general obligations.
• We deeply respect your advice, and we will try to combine your feedback with our R&D, in order to provide better products.
• Like MetaTrader, cTrader is a complete trading platform solution for Forex and CFD brokers to offer their traders.

If the broker offers a social trading service, or copy-trading, this could also be managed through the app. But on the other hand, you can’t expect access to more advanced automated trading functionality. These mobile apps also rarely offer a plethora of charting and analytics tools. Although it was said that brokers and traders would feel the impact of the ban in the long run if other app stores also jumped onto the banning bandwagon, it’s only an assumption and hasn’t happened yet. MetaQuotes, a developer of MT4 and MT5 platforms, may find a way to resolve issues with Apple and consider additional mechanisms to avoid similar issues with other platforms in the future.

CTrader platform is slowly getting more attention from brokers, and the global broker Pepperstone recently added cTrader to their suite of trading platforms. Overall, while MultiCharts offers strong features for experienced traders, its complexity and support issues may deter some users. Interactive Brokers is a platform that offers a wide array of trading instruments, catering to a diverse range of traders. However, the overall user experience is marred by significant complexity and frequent changes that make it difficult to use effectively. Despite its robust features, the Thinkorswim mobile app’s instability and complicated interface detract from the overall user experience.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. ProRealTime excels in advanced charting and technical analysis tools, making it ideal for traders focused on detailed market insights and strategy development. However, its interface can be less intuitive, requiring a learning curve for new users.

It offers a desktop and Mac version for easy accessibility, making it a versatile option for traders seeking advanced trading tools. CTrader is known for its advanced charting tools, extensive customization options, and support for automated trading strategies, offering access to Forex, futures, stocks, and options markets. However, the platform’s complexity and steep learning curve make it challenging to use. It lacks essential features like VWAP and other critical indicators, hindering traders’ performance.

As suggested by Finance Magnate’s Quarterly Intelligence Report of Q2 of 2022, MT4 and MT5 together covered 83% of the market share of overall online trade transactions. The trading community was shocked when Apple announced the ‘MetaTrader ban’ on the Apple App Store. Some started looking for new trading platforms, while others were just confused about what to do next. The developer was also quick to clarify that this was in no way due to Western sanctions on Russia. On twitter, MetaQuotes published an update, stating it would be taking the necessary steps to reinstate its software. It also noted that the ban did not affect distributions of the platform that were already downloaded, just prevents new users from obtaining access to them.

But we all know very well that traders are so busy trying to perfect their trading skills, and changing trading apps and platforms can be a tough learning curve. One of the main issues with Interactive Brokers is its overly complex interface. The platform is not intuitive and often requires reading through extensive tutorials and conducting thorough research just to perform simple tasks.

MetaQuotes has taken lengths to resolve these vulnerabilities, and Apple must be satisfied with their efforts. The platform comes integrated with several popular CRM solutions and client office providers specialising in offering services for the banking and forex industries. With our white label solution, you can choose to set up your own apps, completely branded with your company’s logo, colour scheme and messaging. In fact, we offer Brokerage-as-a-Service, which means you can get to migrate to the cloud-based infrastructure within minutes, responding with agility to changing market and client needs. Additionally, we offer a dedicated replication server hosted on client premises.