Last Updated on July 6, 2024 by Richard Gibson
Apple has officially banned Metaquotes Software Corp’s MT4 and MT5. The traders who vastly used to operate trade with their trading app MT4 and MT5 on their apple device now have fallen into a deep tension how they would now operate their trading. Today we’ll guide you through the options you are left with to continue your trading on Apple devices. Let’s find the MetaTrader alternatives to MT4 and MT5.
Why Apple banned Metatrader’s MT4 and MT5?
Apple didn’t make it public why exactly they have removed Metatrader’s MT 4 and MT 5 from the app store. There is much speculation, opinions, comments and observations drawn but none of this has substantial evidence. However, Metatrader has issued a statement claiming that Apple has written to them stating that Metatrader’s failure to adhere to Apple’s new app policy is the reason for the removal of apps from the Apple App Store. Traders around the world are actively bashing Apple for their actions.
What are the Metatrader alternatives platforms?
For almost the last two decades Metatrader 4 has been a go-to choice for online traders since their service and app flexibility is a top notch experience. During the last week of September Apple’s removal of MT 4 and MT 5 from App store now left traders with the platform’s competitors to take over the apple devices for new traders and the old traders who had to install mt 4 or mt 5 on their apple devices. However the installed Metatrader apps on Apple devices are not facing any problem to trade due to this removal.
Since the Metatrader is not available on Apple devices for new downloads, we have sought for alternatives. As soon as we got the news, we tried other platforms on our apple devices and for the last 10 days we executed trade with all those platforms.
Top 5 MetaTrader alternatives
| Platform | Compatibility | Category | Languages | Age Rating | Size | Price |
| OANDA | iPhone, iPad, iPod touch, Mac | Finance | English, German, Italian, Japanese, Portuguese, Simplified Chinese, Spanish, Traditional Chinese | 4+ | 91.9 MB | Free |
| TradingView | iPhone, iPad, iPod touch | Finance | English, French, German, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Simplified Chinese, Spanish, Swedish, Thai, Traditional Chinese, Turkish, Vietnamese | 17+ | 70.1 MB | Free |
| eToro | iPhone, iPad, iPod touch, Mac | Finance | English, Danish, Dutch, Finnish, French, German, Italian, Malay, Norwegian Bokmål, Polish, Portuguese, Romanian, Russian, Simplified Chinese, Spanish, Swedish, Thai, Traditional Chinese, Vietnamese | 4+ | 161.1 MB | Free |
| Investing.com | iPhone, iPad, iPod touch | Finance | English, Arabic, Dutch, French, German, Hebrew, Hindi, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Simplified Chinese, Spanish, Swedish, Thai, Traditional Chinese, Turkish, Vietnamese | 4+ | 309.7 MB | Free |
| AvaTrade | iPhone, iPad, iPod touch, Mac | Finance | English, Arabic, French, German, Italian, Japanese, Russian, Simplified Chinese, Spanish, Traditional Chinese | 4+ | 190.6 MB | Free |
Video summary of this article
Conclusion
The absence of MT4 and MT5 may initially cause problems, but as we get used to alternative platforms on our apple devices, our understanding of trading tools and their adaptability in a new form will increase. This an opportunity for Metatrader’s competitors to shine by providing us a flawless trading experience.
FAQs
Yes, MetaTrader alternatives are available for free.
Yes, MT4 and MT5 are still compatible with Android. You can still use and download both MT4 and MT5 apps from the Google Play Store if you have an Android device.
Richard Gibson is a trade analyst and writer for MyForexReport. He has over 10 years of experience in investing and trading equities, options and bonds. He trades options, stocks, and ETFs regularly following a value-driven investment philosophy. He’s a graduate of the University of MacEwan University, and holds a graduate certificate in financial planning from the University of Calgary.
Forum Profiles: Babypips
