MT4 and MT5 were removed from the Google Play app store in India-Zhen Huicha

MT4 and MT5 were removed from the Google Play app store in India

2024-03-08 16:04:45

abstract：Recently, popular trading applications MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have experienced accessibility issues in India. According to local media reports, these trading platforms owned by MetaQuotes have been blocked from the Indian Google Play St

Recently, popular trading applications MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have experienced accessibility issues in India. According to local media reports, these trading platforms owned by MetaQuotes have been blocked from the Indian Google Play Store. India is an important market for MetaQuotes, home to one-fifth of the world's retail investors.

Last weekend, an Indian Youtuber (Forex Salary) with more than 100,000 fans posted a video and searched for several popular trading applications in the Android app store of his mobile phone. He found that both MT4 and MT5 had been removed from the Indian version of the app store. removed and banned. In addition, XM and Tickmill also showed that the corresponding results could not be found.

MT4 and MT5 were removed from the Google Play app store in India

The exact cause of this problem is not yet known, but local regulators have recently issued several warnings about the activities of unregulated brokers, which may be part of the explanation.

On November 14, 2023, the Reserve Bank of India (RBI) issued its latest warning list, listing 75 entities operating electronic trading platforms (ETPs) for currency pair trading without authorization from the regulator, including Including the above-mentioned MT4/5, XM and Tickmill, as well as some other internationally renowned trading brands, such as Alpari, Exness, eToro, IC Markets, FXCM and XTB, etc.

This is not the first delisting issue MetaqQuotes has encountered. In September 2022, MT4 and MT5 were removed from the Apple App Store, causing a shock in the industry. But after nearly half a year, the MetaqQuotes app is back on the mobile store.

Article Source：Forex website

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