MetaQuotes wrote in an email: “Following a unilateral decision by Apple—over which MetaQuotes has no control— MetaTrader 4 and MetaTrader 5 for the iOS operating system will no longer be available for download from the Apple App Store as of today.”
Is the MT4 White Label Program Facing Shutdown?
The email added: “MetaQuotes is taking all necessary steps to restore the app as soon as possible.” In fact, complaints against MetaQuotes have been on the rise, and earlier this month, Forbes reported on the most high-profile case—the “pig butchering” scam and how it exploited MetaTrader to defraud investors.Apple spokesperson Adam Dema told Forbes that the company is investigating complaints regarding MetaTrader and will take additional measures to protect App Store users if necessary.
MetaQuotes appears to have taken “additional measures”; reportedly, MetaQuotes had already taken its own steps several months ago, requiring white-label providers to implement stricter KYC verification.Further Reading: MT4 and MT5 White-Label Services Terminated, Apps Removed from App Stores—You Can Still Offer “SIRIX.” Furthermore, according to industry sources, MetaQuotes may be considering permanently discontinuing all software licenses except for the MT5 main brand.
Although this decision was made quietly on Friday, the news quickly spread throughout the forex industry, and brokers are already scrambling to find alternative solutions.The reality is that, aside from MetaTrader, there are many other solutions available to brokers, even though this practice has been around for years. In recent years, many—if not most—brokers worldwide have been working to diversify their trading platform portfolios for a variety of reasons. One of these is the recognition that traditional platforms cannot keep pace with technological advancements and traders’ needs.
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Leverate, a fintech company based in Israel, has long provided brokers with MT4/5 managers and customized MT4 white-label solutions. Brokers using Leverate’s MT4 solutions are located in countries and regions around the world, and traders can access the MT4 software on their desktop computers, via the web, and on mobile devices.
At the same time, Leverate also provides data migration services for brokers facing the discontinuation of their MT4 white-label programs who wish to switch trading platforms. Brokerage firms that previously used the MT4 platform can quickly and completely migrate user profiles, trading records, and other data to Leverate’s Sirix software, enabling them to continue providing high-quality trading services to traders without data loss or service interruptions resulting from the platform switch.
Sirix trading software is a fintech product launched by Leverate in 2014. It is one of the core software components of Leverate’s one-stop white-label solution, offering comprehensive trading features such as community trading, automated trading, chart analysis, and cryptocurrency trading.Sirix Mobile also enables traders to conduct forex trading from anywhere, allowing them to monitor market movements in real time.
Brokers can use the Sirix Broker settings interface to customize their dashboard, utilize data charts to gain a comprehensive overview of traders’ accounts and activity, and send them notifications—making it a valuable tool for both traders and brokers.
