Recently, as a foreign exchange investor, MT4 and MT5 were removed from Apple worldwide. It's all over the Internet right now. I'll help you sort it out today.

Further blockades, Microsoft may follow

There is news on the Internet that with Apple's removal of MT4(MetaTrade)App, Microsoft may follow

The following is the news: On September 23, foreign media MacRumors reported that Apple's official website had been removed from the Russian company MT4 and MT5 (MetaTrade) on the 23rd, without any advance notice, which will lead to a rapid decline in the international foreign exchange market, it is said that Microsoft also said that it will ban the computer side MT4, MT5 and MQL language in the near future. If the two giants completely ban MetaTrade, traders can only choose different types of trading clients to trade in the future, which will not be able to quote the same market, causing a series of problems.

Us senators have sent letters to Apple and Google

Senator Sherrod Brown, chairman of the Senate Committee on Banking, Housing and Urban Affairs, sent separate letters to the ceos of Apple and Google on July 27, asking the two tech giants to detail "the steps your company has taken to prevent fraudulent activity in the app store." More specifically, Sherrod Brown is extremely concerned about "reports of fake crypto apps that defrauded hundreds of investors."

In light of this, Brown has asked Apple and Google in the letter to hand over details about their App review processes by August 10, and in particular what steps they have taken to prevent fraudulent encrypted apps from escaping review.

Now that Apple has blocked MT4 and MT5, it is likely that Google will follow suit, and if it comes true, it will be a comprehensive ban by Apple, Google and Microsoft.

Dealer situation

Many traders are now preparing for a full MT4 ban.

Moneta, along with several other brokers, offers trading services on MetaTrader 4 and MetaTrader 5, the two most popular trading platforms developed by MetaQuotes Software. Late last week, however, Apple removed two MetaTrader apps from its App Store, the only legal platform where apps can be downloaded on iphones and ipads.

This not only hit MetaQuotes, but also alarmed brokers such as Moneta Markets.

"We are working on our own custom trading apps for iOS and Android, and given the recent news of the removal of the MT4 and MT5 trading apps from the Apple App Store, this will provide us with, as I imagine, a great deal of time. Many of our competitors will be devastated by Apple's decision. As soon as the news broke, fast tracking the development of our App project became our top priority. This once again highlights the key advantages of running a lean business model."

Now the fact that Apple has yet to make an announcement is attracting attention. Now investors are also worried that there will really be a total ban. But that's all speculation, and the outcome will become clear in the coming days. We will keep you posted.