MT5 iOS App Users Jumped 14% after AppStore Relisting

Tuesday, 04/04/2023 | 10:07 GMT by Arnab Shome
  • Apple relisted MT4 and MT5 apps last month.
  • The MAU of the iOS app hits record.
MT5

MetaQuotes announced on Tuesday that the monthly audience of MetaTrader 5 for iOS set a record after the relisting, with a monthly active user (MAU) ‘significantly exceeding’ the figure before the block. According to the company, the number of MT5 application users grew by 14 percent compared to the six-month-old figure, which is ‘an absolute record since the launch’.

However, MetaQuotes did not reveal any absolute figure. Nor did it mention the performance of the MetaTrader 4 app, the popular legacy trading platform offered by the company.

MT5 Mobile Users Are Growing Rapidly

“We expected a smooth recovery of the audience within a month or two, but even more positive dynamics became visible in the first days after the return,” said the CEO of MetaQuotes, Renat Fatkhullin. “Contrary to some forecasts, interest in the application became even higher. The trust of users in our trading platform is growing no matter what.”

The update from MetaQuotes came less than a month after the apps of its two most popular trading platforms, MetaTrader 4 and MetaTrader 5, were relisted on Apple’s AppStore.

MT4 and MT5 are the leading third-party trading platforms in retail forex and contracts for differences (CFDs) trading. MetaQuotes is now pushing the updated MT5 platform, which comes with many added features, and stopped licensing the legacy MT4 despite its popularity.

A Sudden Move by Apple

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

Additionally, MetaQuotes is aware of the usage of its platforms by fraudsters and changed its policy, halting the processing of white-label solutions of its platforms for offshore brokers offering services from loosely regulated jurisdictions.

Meanwhile, the trading technology company prepared itself with the launch of a new version of its mobile-optimized MT5 web platform.

“Our team has done a great job to restore MetaTrader 5 for iOS in cooperation with Apple,” MetaQuotes stated in the latest announcement. “We had no doubts about a successful outcome, so we never stopped developing improvements. The next big update was released a few days after the application returned to the marketplace.”

Vida Markets' new hire; funding of TerraPay, Bidget; read todays news nuggets.

MetaQuotes announced on Tuesday that the monthly audience of MetaTrader 5 for iOS set a record after the relisting, with a monthly active user (MAU) ‘significantly exceeding’ the figure before the block. According to the company, the number of MT5 application users grew by 14 percent compared to the six-month-old figure, which is ‘an absolute record since the launch’.

However, MetaQuotes did not reveal any absolute figure. Nor did it mention the performance of the MetaTrader 4 app, the popular legacy trading platform offered by the company.

MT5 Mobile Users Are Growing Rapidly

“We expected a smooth recovery of the audience within a month or two, but even more positive dynamics became visible in the first days after the return,” said the CEO of MetaQuotes, Renat Fatkhullin. “Contrary to some forecasts, interest in the application became even higher. The trust of users in our trading platform is growing no matter what.”

The update from MetaQuotes came less than a month after the apps of its two most popular trading platforms, MetaTrader 4 and MetaTrader 5, were relisted on Apple’s AppStore.

MT4 and MT5 are the leading third-party trading platforms in retail forex and contracts for differences (CFDs) trading. MetaQuotes is now pushing the updated MT5 platform, which comes with many added features, and stopped licensing the legacy MT4 despite its popularity.

A Sudden Move by Apple

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

Additionally, MetaQuotes is aware of the usage of its platforms by fraudsters and changed its policy, halting the processing of white-label solutions of its platforms for offshore brokers offering services from loosely regulated jurisdictions.

Meanwhile, the trading technology company prepared itself with the launch of a new version of its mobile-optimized MT5 web platform.

“Our team has done a great job to restore MetaTrader 5 for iOS in cooperation with Apple,” MetaQuotes stated in the latest announcement. “We had no doubts about a successful outcome, so we never stopped developing improvements. The next big update was released a few days after the application returned to the marketplace.”

Vida Markets' new hire; funding of TerraPay, Bidget; read todays news nuggets.

About the Author: Arnab Shome
Arnab Shome
  • 6654 Articles
  • 102 Followers
About the Author: Arnab Shome
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
  • 6654 Articles
  • 102 Followers

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