MetaQuotes is a software company that specializes in the development of trading platforms for financial markets. It has been highly influential in the development of the online trading industry. The company’s products have revolutionized how traders operate and have made it possible for anyone with an internet connection to trade financial markets from anywhere in the world. MetaQuotes has also been a major force behind the growth of brokerages offering online trading services to retail clients.
While MetaQuotes does not enjoy a monopoly on trading platform software, its products are widely used and dominant in the industry. This gives MetaQuotes considerable power to shape how online trading evolves, making it one of the most important companies operating in this space today.
Recently, this role and power significantly reduced after Apple banned its trading platforms for their device users. Down below we will talk more about this scandal and will also outline the ways how MetaQuotes services can be changed in the near future.
Why Apple Banned The Most Popular Trading Platforms
Apple has recently announced that it will be permanently banning the MT5 and MT4 trading platforms from its devices. The company claims that the main reasons for this decision are to protect its users from potential financial losses, to safeguard against fraud, and to ensure compliance with government regulations.
Critics of Apple’s decision argue that the ban will only serve to harm legitimate traders who use these platforms for their business. They claim that by preventing access to these tools, Apple is effectively cutting off a major source of income for many people. Furthermore, they argue that the ban will not do anything to stop fraudulent activity, as there are other ways for criminals to conduct their business without using these particular platforms. It remains to be seen how effective Apple’s ban on MT4 and MT5 platforms will be in achieving its stated goals. However, it is clear that the decision has generated a great deal of controversy and debate among those who are affected by it.
We are constantly evaluating apps for safety and security risks. Based on our findings, we have determined that MetaQuotes Platforms is not in compliance with our guidelines and presents an unacceptable risk to our users – Apple claimed. MetaQuotes responded by saying that it is “disappointed” in Apple’s decision and that it is working to address the company’s concerns. The ban comes as a blow to the Forex industry, which has been increasingly relying on mobile trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
While it is unclear what specific issues Apple had with MetaQuotes Platforms, the ban highlights the need for greater regulation of mobile trading apps. With more people than ever before using these apps to trade financial instruments, there is a growing risk of fraud and abuse. It is essential that app developers take measures to ensure their products are safe and secure, or else they will face increasing scrutiny from regulators.
The Era Of MetaQuotes Is About To End
When it comes to trading platforms, MetaQuotes is the undisputed leader. However, that could all change in 2022 when Apple bans MetaQuotes products from its App Store. This move would effectively kill the MetaQuotes monopoly and open up the market to other providers.
Most traders and experts believe that this is the beginning of the end for MetaQuotes. The company has been facing increased scrutiny from regulators in recent years, and this latest move by Apple could be fatal for them. There are already a number of viable alternatives to MetaQuotes on the market, and with Apple’s backing, these competitors could quickly eat into MetaQuotes’ market share.
It’s still too early to say definitively whether or not this will be the death knell for MetaQuotes, but it’s certainly looking like their monopoly is coming to an end. The mentioned ban causes many benefits for traders. The first benefit is that it will force brokers to offer more secure platforms. This is because Apple is a major player in the trading world and its decision to ban MT5 and MT4 will have a big impact on other brokerages. As a result, we can expect to see an increase in security measures from other companies in order to stay competitive.
Second, this move could lead to lower costs for traders. Since Apple is no longer allowing these platforms on its devices, it’s likely that other companies will follow suit. So the opinion about using MetaQuotes services in the future separates society in two parts.
Mostly, It is not expected that the MetaQuotes company will completely lose its leadership in the trading market but it is obvious that the power will be reduced. The company still has a strong position in the industry, and its products are well-known and respected by traders. However, it is possible that another company could overtake MetaQuotes in terms of market share or overall profitability. This would require a significant investment in research and development, as well as a commitment to offering superior products and services.
