- MT4 and MT5 apps are no longer on the App Store globally.
- Removal of popular trading apps linked to Western sanctions on Russia
Apple appears to have removed popular trading apps MetaTrader 4 and MetaTrader 4, also known as MT4 and MT5, from the App Store overnight in a move possibly related to Western sanctions over the invasion of the Internet. Ukraine by Russia.
Neither Apple nor MetaQuotes have publicly commented on the removal.
Both apps are available on Google Play, the equivalent for Android phones, from Saturday 9:00 p.m. AEST. The desktop versions also remain unchanged for now.
Application versions of popular PC electronic trading platforms are provided by MetaQuotes Software Corp., a Russian software company which is also registered overseas in Limassol, Cyprus.
There is no publicly available information on the beneficial owners of MetaQuotes other than CEO Renat Fatkhullin, who himself has always kept a low profile.
The United States and its allies, in particular the EU, imposed several rounds of sanctions targeting Moscow following Russia’s February 24 invasion of Ukraine, including against its central bank, major lenders, oligarchs, business elites and Russian President Vladimir Putin.
Visa and Mastercard have suspended operations in Russia, bank transfers and financial transactions have been banned.
Russia’s Mir payment system, which was only backed by a handful of countries outside of Russia, also took a heavy hit this week after banks in Turkey and Central Asian countries suspended it after the Treasury American sent a letter to financial institutions warning that they risked sanctions if they had business ties with sanctioned Russian individuals or companies, or any entity linked to them.
Apple halted all product sales and suspended financial services, including Apple Pay in Russia in March.
MT4 was launched in Russia in 2005 before the arrival of MT5 in 2009 to support more trading instruments. According to a study conducted in September 2019, MetaTrader 4 was still the most popular trading platform in the world at the time.