MT4/MT5 Removed from the App Store by Apple: How Can Forex Brokers Quickly Switch Trading Platforms?

MT4/5, developed by MetaQuotes, is the world’s most popular forex trading platform. However, Apple recently announced that it would remove all MT4/5 apps from the App Store, meaning Apple users worldwide will no longer be able to download the software from the App Store, and future updates may also be affected. The primary reason for this is the significant impact that geopolitical tensions have had on the global economy.

Although MetaQuotes is headquartered in Limassol, Cyprus, as a company with Russian origins, it has also been affected by the outbreak of the Russia-Ukraine crisis. The West believes that Russians are using this—the world’s largest forex trading platform—to transfer funds; therefore, to sanction this Russian application, Apple announced it would remove MT4/5 from the App Store.

At the same time, MT4/5 has been exploited by some financial crime syndicates in recent years to carry out financial fraud, leading to numerous negative reviews for the MT4/5 software in the App Store, which ultimately resulted in its removal.

Although users who have already downloaded the software will not be affected, many forex brokers are seeking alternative solutions to ensure the long-term security of their clients’ funds, and switching trading platforms is one such solution.There are many alternatives to trading platforms in the forex market. By selecting a well-regarded, one-stop white-label technology provider, brokers can quickly migrate their front-end trading systems or build an entirely new one.

For brokers looking to migrate their front-end trading systems, forex white-label service providers can offer data migration services.Brokerage firms that previously used the MT4/5 trading platforms can migrate user profiles, trading records, educational resources, and other data to Leverate’s Sirix software system, enabling them to continue providing seamless forex trading services to traders without data loss or service interruptions resulting from the platform change.

For brokers looking to rebuild their trading platforms, choosing a one-stop white-label solution can improve efficiency. Compared to building a brand-new trading platform from scratch, white-label solutions are more efficient and cost-effective. Leverate has long provided brokers with MT4/5 managers and customized MT4/5 white-label solutions.In addition, the Sirix forex trading platform, launched by Leverate in 2017, is one of the core software components of Leverate’s all-in-one white-label solution. It offers comprehensive trading features such as social trading, automated trading, chart analysis, and cryptocurrency trading, and is compatible with iOS and Android systems.Traders can also access this trading platform across all platforms, including desktop, web-based clients, and mobile apps.

LXcapital has already integrated liquidity providers into its trading platform, saving brokers the time and financial costs associated with reconnecting with liquidity providers. Sirix provides liquidity for multi-asset trading, allowing investors to access liquidity for investment products such as cryptocurrencies and foreign exchange, engage in diversified trading, and meet a wide range of trading needs.

Overall, although the removal of MT4/5 from the Apple App Store has sparked heated debate, it will not affect liquidity in the global foreign exchange market. As long as forex brokers can find a secure, low-cost solution for switching to a new trading platform, their forex operations can continue as usual.

In light of recent developments, we’d like to further emphasize that Leverate offers you the most advanced, user-friendly, and comprehensive range of trading platforms.
You won’t miss a moment of business—we can get you up and running immediately. We can seamlessly integrate with your existing platform, or you can choose the upgraded, unparalleled SIRIX platform to support your brokerage business.

• Cross-channel – native, fully branded apps, web, and desktop
• Social Commerce
• Crypto trading using crypto payment solutions
• State-of-the-art charts, graphs, and tools
• Push notifications and more!

You actually have a growth opportunity here—and a smart choice: SIRIX