Technology giant Apple has relisted two MetaQuotes apps, MetaTrader 4 and MetaTrader 5, on AppStore after about six months of delisting them. This will again allow iOS users to download the two trading platforms from AppStore, and existing MT4 and MT5 users will receive app updates.

Apple Relists MT4 and MT5 Apps

MetaQuotes, a Cyprus-based software company, announced the relisting on Monday in a statement, clarifying that the relisting process was lengthy because it had to provide Apple with extended explanations on operational technicalities and other requested insights."

"We are happy that the situation has been resolved, and we managed to find an understanding with Apple," said the CEO of MetaQuotes, Renat Fatkhullin. "Our company respects the requirements of any marketplace and always strives to meet them. We feel responsible to our users, and, therefore, we did our best to provide clarifications on the issues raised from Apple in a timely manner. I also want to thank the traders, brokers, and media, who actively showed their support."

An Unexpected Delisting

MT4 and MT5 are the leading third-party trading platforms in retail forex and contracts for differences (CFDs) trading. According to Finance Magnates Intelligence, it dominated the trading platform market with around 83.8 percent of the total market share by the end of Q2 2022.

Apple suddenly delisted the two trading applications from its AppStore last September without a proper explanation for the move. However, industry insiders pointed out that the technology giant was concerned with the use of MT4 and MT5 apps by offshore-based fraudsters.

Meanwhile, MetaQuotes seems concerned with fraudsters' rising use of its apps. In a massive change in its policy, the company halted processing white-label solutions of its platforms for offshore brokers offering services from loosely regulated jurisdictions.

Moreover, the AppStore delisting forced the company to focus on its web-based mobile platform. Last November, it launched a new MT5 web terminal, highlighting that "there is no need to download a mobile app from the Apple App Store or Google Play."

Meanwhile, the setback of MetaQuotes directly benefited its other competitors. Several other trading platform providers have expanded their marketing, and some even confirmed an increase in their business following the temporary ban of two MetaTrader apps.

MetaQuotes recently launched a new mobile application: a messaging app with financial news and analytics tips for traders. It offers the services using MQL5 Channels and is available on both Apple's AppStore and Google's Play Store.

Apart from the new messaging app and the two trading platforms, MetaQuotes lists a "Tradays Forex Calendar" on App Store. On Google Play, it has five applications: all the apps available to iOS users and Dollar Colombia, an app showing the current US dollars/Colombian pesos exchange rate with historical price data.