The MT4 And MT5 Apps Are No Longer Available On The Global App Store

According to reports, the suspension of popular trading applications is related to Western sanctions against Russia.

Apple seems to have removed popular trading programs MetaTrader 4 and MetaTrader 4, commonly known as MT4 and MT5, from the App Store overnight, a decision that might be related to Western sanctions imposed in response to Russia's invasion of Ukraine.

Neither Apple nor MetaQuotes have responded publicly to the removal.

As of Saturday at 9 p.m. AEST, both apps were accessible on Google Play, the counterpart for Android phones. The PC versions are likewise unaffected for the time being.

MetaQuotes Software Corp., a Russian software business with an offshore registration in Limassol, Cyprus, offers app versions of major PC electronic trading platforms.

Except for CEO Renat Fatkhullin, who has traditionally maintained a low profile, there is no publicly available information concerning MetaQuotes' beneficial owners.

Following Russia's Feb. 24 invasion of Ukraine, the US and its allies, mainly the EU, placed a slew of sanctions on Moscow, including restrictions on its central bank, key lenders, oligarchs, corporate leaders, and Russian President Vladimir Putin.

Visa and Mastercard's activities in Russia have been halted, and bank transfers and financial transactions have been prohibited.

Mir, the Russian payment system that was only supported by a few nations outside of Russia, was also dealt a significant blow this week when banks in Turkey and Central Asia suspended it after the U.S.

The Treasury Department warned financial institutions that maintaining commercial relationships with sanctioned Russian persons or firms, or any entity associated with them, would result in fines.

In March, Apple ceased all product sales in Russia and discontinued financial services, including Apple Pay.

In Russia, MT4 was introduced in 2005, followed by MT5 in 2009, which supported additional trading instruments. According to September 2019 research, MetaTrader 4 was still the most used trading platform in the world.

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