MetaTrader Apps Removed from Indian Google Play Store (2024)

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by Damian Chmiel

  • MetaQuotes' mobile platforms are blocked in India, affecting a large investor base.
  • Regulatory actions against unregulated FX trading in the country may have led to this ban.

MetaTrader Apps Removed from Indian Google Play Store (2)

The companybehind the popular trading applications MetaTrader 4 (MT4) and MetaTrader 5(MT5), is experiencing accessibility issues in India, which hosts one-fifth ofthe world's retail investors. Reports from local media indicate that MetaqQuotes'platforms have been blocked in the Google Play Store India.

Thisdevelopment was highlighted last week on the Forex Salary channel, subscribedto by 120,000 people and run by an Indian YouTuber, showing that MT4 and MT5were removed and banned from the Indian version of the Android app store.

Consideringthat, according to Statista, 95% of people in India use Android devices ratherthan iOS, this could pose a significant problem for the local investmentindustry. While specific reasons for this decision are hard to find, recentactions by the local government and the central bank, which have repeatedlywarned against the activities of unregulated brokers in 2023, may offer someclues.

The localgovernment considers retail trading in FX to be a form of gambling,speculative, and too risky for retail investors, making the trade legal butheavily restricted for small market participants.

To confirmits hard stance, in November 2023, the Reserve Bank of India (RBI) updated itslist of warnings about "illegal" FX trading platforms, including manypopular international brands such as Easy Markets, Admiral Markets, and HFMarkets, bringing the total number of flagged names to 75.

MetaTrader Apps Removed from Indian Google Play Store (3)

"There would be far more scrutiny by banks on account holders making forex transactions on non-authorized platforms, including apps," one of the officials who didn't want to be named said in an interview with India Times in November. "The regulator wants lenders to further ensure that Know Your Customers norms for all parties in such transactions are strictly followed."

Repeat Issue, but ThisTime Local

ForMetaQuotes, this is not the first issue with mobile app stores. In September2022, a ban on the MT4 and MT5 apps in Apple's App Store, which affected allmarkets, made headlines. Though the reasons for the decision were unclear,there was speculation that it was related to trading scams published in the iOSapp store, impersonating popular trading platforms.

Afternearly six months, MetaQuotes' applications returned to the mobile store,following a lengthy re-listing process where the company had to provide Applewith extensive explanations about operational, technical aspects and otherrequired information. It remains to be seen whether the issue with the IndianGoogle Play Store can be resolved in a similar manner or if regulatory pressurefrom the authorities will prove too significant.

"We are happy that the situation has been resolved, and we managed to find an understanding with Apple," said Renat Fatkhullin, the CEO of MetaQuotes, . "Our company respects the requirements of any marketplace and always strives to meet them. We feel responsible to our users, and, therefore, we did our best to provide clarifications on the issues raised from Apple in a timely manner. I also want to thank the traders, brokers, and media, who actively showed their support."

Problems in the Prop Trading Industry asWell

Regulationsin the United States and globally have also led MetaQuotes to crack down onprop trading firms. In its latest move, the technology company forced BlackbullMarkets, which had marked its MT5 license as a grey label for prop tradingfirms, to cease providing services for Funding Pips.

Hello, community and friends,

From day one, we have been completely transparent with each and every one of you. We have always adhered to our promises and commitments, unlike many others, and will continue to do so.

Today, MetaQuotes decided to abruptly halt services, due to…

— Khaled (@Khldfx) February 14, 2024

This actioncaused significant chaos in the industry and a wave of suspensions of many propfirms, especially concerning servicing new and existing clients from the USA.Over the last two weeks, prop firms have begun migrating from the widely usedMetaTrader 4 and 5 platforms to competitor platforms, including Match-Trader,cTrader, and DXTrade. The evolving situation can be followed in a special tableprepared by Finance Magnates.

"The providers, that are not dependent on MQ, will certainly participate in the redistribution and will onboard all the MQ refugees," commented Evgeny Sorokin, the Chief Product Officer at Devexperts. "They will (or already have) put necessary (mainly legal, but also technical) controls in place, enhancing KYB processes while offering services to all the legitimate props. While opportunists may exploit the situation, this would also happen with traditional FX/CFD trading players."

The companybehind the popular trading applications MetaTrader 4 (MT4) and MetaTrader 5(MT5), is experiencing accessibility issues in India, which hosts one-fifth ofthe world's retail investors. Reports from local media indicate that MetaqQuotes'platforms have been blocked in the Google Play Store India.

Thisdevelopment was highlighted last week on the Forex Salary channel, subscribedto by 120,000 people and run by an Indian YouTuber, showing that MT4 and MT5were removed and banned from the Indian version of the Android app store.

Consideringthat, according to Statista, 95% of people in India use Android devices ratherthan iOS, this could pose a significant problem for the local investmentindustry. While specific reasons for this decision are hard to find, recentactions by the local government and the central bank, which have repeatedlywarned against the activities of unregulated brokers in 2023, may offer someclues.

The localgovernment considers retail trading in FX to be a form of gambling,speculative, and too risky for retail investors, making the trade legal butheavily restricted for small market participants.

To confirmits hard stance, in November 2023, the Reserve Bank of India (RBI) updated itslist of warnings about "illegal" FX trading platforms, including manypopular international brands such as Easy Markets, Admiral Markets, and HFMarkets, bringing the total number of flagged names to 75.

MetaTrader Apps Removed from Indian Google Play Store (4)

"There would be far more scrutiny by banks on account holders making forex transactions on non-authorized platforms, including apps," one of the officials who didn't want to be named said in an interview with India Times in November. "The regulator wants lenders to further ensure that Know Your Customers norms for all parties in such transactions are strictly followed."

Repeat Issue, but ThisTime Local

ForMetaQuotes, this is not the first issue with mobile app stores. In September2022, a ban on the MT4 and MT5 apps in Apple's App Store, which affected allmarkets, made headlines. Though the reasons for the decision were unclear,there was speculation that it was related to trading scams published in the iOSapp store, impersonating popular trading platforms.

Afternearly six months, MetaQuotes' applications returned to the mobile store,following a lengthy re-listing process where the company had to provide Applewith extensive explanations about operational, technical aspects and otherrequired information. It remains to be seen whether the issue with the IndianGoogle Play Store can be resolved in a similar manner or if regulatory pressurefrom the authorities will prove too significant.

"We are happy that the situation has been resolved, and we managed to find an understanding with Apple," said Renat Fatkhullin, the CEO of MetaQuotes, . "Our company respects the requirements of any marketplace and always strives to meet them. We feel responsible to our users, and, therefore, we did our best to provide clarifications on the issues raised from Apple in a timely manner. I also want to thank the traders, brokers, and media, who actively showed their support."

Problems in the Prop Trading Industry asWell

Regulationsin the United States and globally have also led MetaQuotes to crack down onprop trading firms. In its latest move, the technology company forced BlackbullMarkets, which had marked its MT5 license as a grey label for prop tradingfirms, to cease providing services for Funding Pips.

Hello, community and friends,

From day one, we have been completely transparent with each and every one of you. We have always adhered to our promises and commitments, unlike many others, and will continue to do so.

Today, MetaQuotes decided to abruptly halt services, due to…

— Khaled (@Khldfx) February 14, 2024

This actioncaused significant chaos in the industry and a wave of suspensions of many propfirms, especially concerning servicing new and existing clients from the USA.Over the last two weeks, prop firms have begun migrating from the widely usedMetaTrader 4 and 5 platforms to competitor platforms, including Match-Trader,cTrader, and DXTrade. The evolving situation can be followed in a special tableprepared by Finance Magnates.

"The providers, that are not dependent on MQ, will certainly participate in the redistribution and will onboard all the MQ refugees," commented Evgeny Sorokin, the Chief Product Officer at Devexperts. "They will (or already have) put necessary (mainly legal, but also technical) controls in place, enhancing KYB processes while offering services to all the legitimate props. While opportunists may exploit the situation, this would also happen with traditional FX/CFD trading players."

Topics

App Store metaquotes ban metatrader MetaTrader 4 Metatrader 5 india

About the Author: Damian Chmiel

  • 1369 Articles
  • 28 Followers

About the Author: Damian Chmiel

Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.

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    Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology. From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents📸 Instagram: https://www.instagram.com/fmevents_official🐦 Twitter: https://twitter.com/F_M_events🎥 TikTok: https://www.tiktok.com/@fmevents_official▶️ YouTube: https://www.youtube.com/@FinanceMagnates_officialDon't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology. From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents📸 Instagram: https://www.instagram.com/fmevents_official🐦 Twitter: https://twitter.com/F_M_events🎥 TikTok: https://www.tiktok.com/@fmevents_official▶️ YouTube: https://www.youtube.com/@FinanceMagnates_officialDon't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology. From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents📸 Instagram: https://www.instagram.com/fmevents_official🐦 Twitter: https://twitter.com/F_M_events🎥 TikTok: https://www.tiktok.com/@fmevents_official▶️ YouTube: https://www.youtube.com/@FinanceMagnates_officialDon't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology. From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents📸 Instagram: https://www.instagram.com/fmevents_official🐦 Twitter: https://twitter.com/F_M_events🎥 TikTok: https://www.tiktok.com/@fmevents_official▶️ YouTube: https://www.youtube.com/@FinanceMagnates_officialDon't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology. From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents📸 Instagram: https://www.instagram.com/fmevents_official🐦 Twitter: https://twitter.com/F_M_events🎥 TikTok: https://www.tiktok.com/@fmevents_official▶️ YouTube: https://www.youtube.com/@FinanceMagnates_officialDon't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

  • Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event

    Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event

    Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event

    Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event

    Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event

    Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event

    Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.20-22 MAY 2024Sandton Convention Center, Sandton, South AfricaRegister now to secure your spot: https://bit.ly/3JbUpCK#fmas #fmas24 #fmevents #networking #finance #africa📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/👍 Facebook: https://www.facebook.com/financemagnates/📸 Instagram: https://www.instagram.com/financemagnates_official🐦 X (Twitter): https://twitter.com/financemagnates/📡 RSS Feed: https://www.financemagnates.com/feed/▶️ Telegram: https://t.me/financemagnatesnewsDon't miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.20-22 MAY 2024Sandton Convention Center, Sandton, South AfricaRegister now to secure your spot: https://bit.ly/3JbUpCK#fmas #fmas24 #fmevents #networking #finance #africa📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/👍 Facebook: https://www.facebook.com/financemagnates/📸 Instagram: https://www.instagram.com/financemagnates_official🐦 X (Twitter): https://twitter.com/financemagnates/📡 RSS Feed: https://www.financemagnates.com/feed/▶️ Telegram: https://t.me/financemagnatesnewsDon't miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.20-22 MAY 2024Sandton Convention Center, Sandton, South AfricaRegister now to secure your spot: https://bit.ly/3JbUpCK#fmas #fmas24 #fmevents #networking #finance #africa📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/👍 Facebook: https://www.facebook.com/financemagnates/📸 Instagram: https://www.instagram.com/financemagnates_official🐦 X (Twitter): https://twitter.com/financemagnates/📡 RSS Feed: https://www.financemagnates.com/feed/▶️ Telegram: https://t.me/financemagnatesnewsDon't miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.20-22 MAY 2024Sandton Convention Center, Sandton, South AfricaRegister now to secure your spot: https://bit.ly/3JbUpCK#fmas #fmas24 #fmevents #networking #finance #africa📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/👍 Facebook: https://www.facebook.com/financemagnates/📸 Instagram: https://www.instagram.com/financemagnates_official🐦 X (Twitter): https://twitter.com/financemagnates/📡 RSS Feed: https://www.financemagnates.com/feed/▶️ Telegram: https://t.me/financemagnatesnewsDon't miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.20-22 MAY 2024Sandton Convention Center, Sandton, South AfricaRegister now to secure your spot: https://bit.ly/3JbUpCK#fmas #fmas24 #fmevents #networking #finance #africa📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/👍 Facebook: https://www.facebook.com/financemagnates/📸 Instagram: https://www.instagram.com/financemagnates_official🐦 X (Twitter): https://twitter.com/financemagnates/📡 RSS Feed: https://www.financemagnates.com/feed/▶️ Telegram: https://t.me/financemagnatesnewsDon't miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.20-22 MAY 2024Sandton Convention Center, Sandton, South AfricaRegister now to secure your spot: https://bit.ly/3JbUpCK#fmas #fmas24 #fmevents #networking #finance #africa📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/👍 Facebook: https://www.facebook.com/financemagnates/📸 Instagram: https://www.instagram.com/financemagnates_official🐦 X (Twitter): https://twitter.com/financemagnates/📡 RSS Feed: https://www.financemagnates.com/feed/▶️ Telegram: https://t.me/financemagnatesnewsDon't miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

  • Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event

    Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event

    Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event

    Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event

    Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event

    Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event

    Looking to expand your network in #Africa?Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.20-22 MAY 2024Sandton Convention Center, Sandton, South AfricaRegister now to secure your spot: https://bit.ly/3JbUpCK#fmas #fmas24 #fmevents #networking #finance #africa

    Looking to expand your network in #Africa?Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.20-22 MAY 2024Sandton Convention Center, Sandton, South AfricaRegister now to secure your spot: https://bit.ly/3JbUpCK#fmas #fmas24 #fmevents #networking #finance #africa

    Looking to expand your network in #Africa?Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.20-22 MAY 2024Sandton Convention Center, Sandton, South AfricaRegister now to secure your spot: https://bit.ly/3JbUpCK#fmas #fmas24 #fmevents #networking #finance #africa

    Looking to expand your network in #Africa?Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.20-22 MAY 2024Sandton Convention Center, Sandton, South AfricaRegister now to secure your spot: https://bit.ly/3JbUpCK#fmas #fmas24 #fmevents #networking #finance #africa

    Looking to expand your network in #Africa?Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.20-22 MAY 2024Sandton Convention Center, Sandton, South AfricaRegister now to secure your spot: https://bit.ly/3JbUpCK#fmas #fmas24 #fmevents #networking #finance #africa

    Looking to expand your network in #Africa?Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.20-22 MAY 2024Sandton Convention Center, Sandton, South AfricaRegister now to secure your spot: https://bit.ly/3JbUpCK#fmas #fmas24 #fmevents #networking #finance #africa

  • Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast

    Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast

    Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast

    Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast

    Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast

    Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast

    Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin. We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls. Tune in for expert analysis on the future of trading and innovative funding models.The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circ*mstances.📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/👍 Facebook: https://www.facebook.com/financemagnates/📸 Instagram: https://www.instagram.com/financemagnates_official🐦 X (Twitter): https://twitter.com/financemagnates/📡 RSS Feed: https://www.financemagnates.com/feed/▶️ Telegram: https://t.me/financemagnatesnewsDon't miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin. We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls. Tune in for expert analysis on the future of trading and innovative funding models.The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circ*mstances.📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/👍 Facebook: https://www.facebook.com/financemagnates/📸 Instagram: https://www.instagram.com/financemagnates_official🐦 X (Twitter): https://twitter.com/financemagnates/📡 RSS Feed: https://www.financemagnates.com/feed/▶️ Telegram: https://t.me/financemagnatesnewsDon't miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin. We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls. Tune in for expert analysis on the future of trading and innovative funding models.The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circ*mstances.📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/👍 Facebook: https://www.facebook.com/financemagnates/📸 Instagram: https://www.instagram.com/financemagnates_official🐦 X (Twitter): https://twitter.com/financemagnates/📡 RSS Feed: https://www.financemagnates.com/feed/▶️ Telegram: https://t.me/financemagnatesnewsDon't miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin. We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls. Tune in for expert analysis on the future of trading and innovative funding models.The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circ*mstances.📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/👍 Facebook: https://www.facebook.com/financemagnates/📸 Instagram: https://www.instagram.com/financemagnates_official🐦 X (Twitter): https://twitter.com/financemagnates/📡 RSS Feed: https://www.financemagnates.com/feed/▶️ Telegram: https://t.me/financemagnatesnewsDon't miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin. We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls. Tune in for expert analysis on the future of trading and innovative funding models.The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circ*mstances.📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/👍 Facebook: https://www.facebook.com/financemagnates/📸 Instagram: https://www.instagram.com/financemagnates_official🐦 X (Twitter): https://twitter.com/financemagnates/📡 RSS Feed: https://www.financemagnates.com/feed/▶️ Telegram: https://t.me/financemagnatesnewsDon't miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

    Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin. We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls. Tune in for expert analysis on the future of trading and innovative funding models.The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circ*mstances.📣 Stay updated with the latest in finance and trading! Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/👍 Facebook: https://www.facebook.com/financemagnates/📸 Instagram: https://www.instagram.com/financemagnates_official🐦 X (Twitter): https://twitter.com/financemagnates/📡 RSS Feed: https://www.financemagnates.com/feed/▶️ Telegram: https://t.me/financemagnatesnewsDon't miss out on our latest videos, interviews, and event coverage. 🔔 Subscribe to our YouTube channel for more!🔔

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MetaTrader Apps Removed from Indian Google Play Store (2024)

FAQs

MetaTrader Apps Removed from Indian Google Play Store? ›

In an unexpected turn of events, the MetaTrader applications, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), have been removed from the Google Play Store in India, sparking widespread speculation and concern among traders and industry observers.

Why MetaTrader 4 removed from Google Play Store? ›

Why are Meta Trader 4 and Meta Trader 5 apps removed from the Play Store? The removal of Meta Trader 4 and Meta Trader 5 apps from the Play Store might be due to various reasons, such as policy violations, security concerns, or other issues.

Is MetaTrader legal in India? ›

Meta trader is just a trading and charting platform. You will require a broking account to trade on Mt5. International brokers tie up with Mt5 through which people trade in forex pairs. In India trading in forex with international brokers is not allowed.

Which apps are removed from Google Play store? ›

Google has removed these Indian apps from Play Store for "policy violation" Google removed the apps of 10 Indian companies including Info Edge, 99acres, BharatMatrimony, Truly Madly, QuackQuack, Stage, Altt, and Kuku FM over non-payment of service fees.

Is MT5 available in India? ›

MetaTrader 5 (MT5) is a popular trading platform used by many forex traders around the world. However, there has been some confusion regarding its legality in India. The short answer is yes, MT5 is legal in India. The confusion arises because of the restrictions imposed by RBI on foreign currency trading.

Why is MT4 banned in the USA? ›

The two MetaTrader apps were banned on Apple's App Store in 2022 for their alleged use by fraudsters targeting the US citizens and residents.

Is MT4 banned in India? ›

MT4 and MT5 have also been banned from Indian Google Play. The reason for the issue is not yet known. However, there is speculation that it has something to do with the recent actions by India's financial regulator to warn and crack down on unregulated brokers.

Can I use MetaTrader 4 in India? ›

MetaTrader 4 (MT4) and MetaTrader 5 (MT5): These are popular and widely used trading platforms offered by many authorized forex brokers in India. You can download the MT4 or MT5 app from your broker's website and trade forex on your mobile device.

Why is MetaTrader 5 not working in India? ›

While the exact reasons for the removal remain unclear, the prevailing speculation ties it to the Republic Bank of India's (RBI) stringent stance against unregulated forex trading. In November 2023, the RBI issued warnings to 75 unauthorised entities for operating without proper authorization.

Is MT4 and MT5 banned in India? ›

In September 2022, India banned MT4 and MT5. It made an impact on the market. The reason for similar prohibitions in India was also unknown at the time. Therefore, It's unclear why the Indian government took this decision.

Why has Google removed Indian apps? ›

Google decided to remove these apps due to a disagreement over service fee payments, with the tech giant insisting on collecting charges ranging from 11 per cent to 26 per cent on in-app transactions.

Which Indian apps are blocked by Google? ›

For the unversed, Google removed various Indian apps, including Bharat Matrimony, Info Edge (which runs Naukri, 99acres, and Jeevansathi), Shaadi.com and Kuku FM from Play Store.

Which Indian apps are delisted? ›

Google had earlier delisted ten prominent Indian apps, including Shaadi.com, Naukri.com, and 99 acres, from its Android Play Store. The affected apps reportedly include Kuku FM, Bharat Matrimony, Shaadi.com, Naukri.com, 99 acres, Truly Madly, Quack Quack, Stage, ALTT (Alt Balaji), and two others.

Why has MT5 been removed? ›

In September 2022, a ban on the MT4 and MT5 apps in Apple's App Store, which affected all markets, made headlines. Though the reasons for the decision were unclear, there was speculation that it was related to trading scams published in the iOS app store, impersonating popular trading platforms.

Is MetaTrader 5 removed from Play Store? ›

However, you may have noticed that MetaTrader is no longer available on the Play Store. But fret not, as YaMarkets, the best forex broker for MetaTrader 5, is here to guide you through the simple process of reinstalling it on your Android device.

How to use MT5 in India? ›

On the Market Watch window, double click on the asset you wish to trade (you can also right-click on your desired asset and then select 'New order') Right-click on the Trade tab on the lower terminal and select 'New Order' Press F9 for one-click trading on the chart of your favourite asset.

Is MetaTrader 4 no longer available? ›

The MT4 platform was the most popular forex and CFD trading platform in existence, but was recently superseded by the birth of its more recent relative MT5. Much of the digital trading world was thrown into the dark when in late September, Apple made the decision to ban the download of MT4 and MT5 from the App Store.

Why can't i download MetaTrader 4? ›

You will have to specify where you are trying to download Mt4, desktop or mobile. There are different versions of the trading platform that are compatible with a particular device. You will have to make sure that you are trying to download the right version of the platform.

Why MetaTrader 4 market closed? ›

The 'market is closed' error message means you are trying to trade outside of the product's trading session. You will not be able to place or change orders over the weekend, on market holidays or and at other times when the relevant markets are generally closed.

Will MetaTrader come back? ›

Back from Suspension: Metatrader 4 & Metatrader 5 Makes A Comeback To The Apple App Store. Metatrader 4 (MT4) and Metatrader 5 (MT5) have been reinstated and are available for download from the Apple Appstore on 6th March 2023 following a near 6-month suspension.

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