3rd Party Developer Gets Red Card as MetaQuotes Re-Acts

MetaQuotes, the technology developer behind the popular Metatrader 4 platform has started its 'clean up' of third party developers who attribute their systems and software on the platform. MetaQuotes first started their hit list with a mobile platform developer who re-engineered their code, the Cyprus based technology firm recently made a critical announcementwarning other 3rd party developers to refrain from mis-using their code.

Mt4i a leading analysis and intelligence portal where traders can publish their trading statements developed a new and improved interface that sits on top of the traditional MT4 platform, the new interface was built as an EA and had numerous functionality such as a 1 click to close all winning or losing trades as well as an order ticket on individual charts.

The add-on was launched by leading brokers including two UK based giants.

In an announcement on their Support Portal, MetaQuotes has blocked MT4i's interface add-on to operate.

MetaQuotes statement below:

Last month we warned that modification of distribution packages, implementation of third-party applications, as well as decreasing security level by unconditional activation of DLL calls are forbidden:

Unfortunately, some brokers and third-party developers do not pay attention to MetaQuotes Software Corp. license agreements implementing third-party components to the terminals and modifying distribution packages.

Therefore, we have to raise this issue and recall several conditions:

paragraph 2.3 of the license agreement for MetaTrader 4 and MetaTrader 5 client terminals

No Modifications: You will not undertake, cause, permit or authorize the modification, translation into other languages, creation of derivative works, reverse engineering, decompiling, disassembling or hacking of the MetaQuotes' Software or any part thereof. You will also not create other software based on the MetaQuotes' software.

subparagraph of the "Rights and Obligations Obligations In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you Read this Term of the Parties" section related to the Licensee of the license agreement for MetaTrader 4 and MetaTrader 5 trading platforms

Not adapt, reproduce, enhance, translate, reverse engineer, decompile, disassemble or otherwise modify or engage in any other similar manipulation of the System or any portion thereof without the Licensor’s express prior written approval.

We strongly oppose the inclusion of any DLL/EXE files in the client terminals, forced activation of DLL calls with changes in the program's default settings, as well as modifying distribution packages.

We earnestly ask all our clients to withdraw from using modifications. Only conventional distributions are allowed for use.

Below you can see an example of such unauthorized modification:

We strongly urge anyone using these or similar modifications to return to the conventional unmodified installation files till April 15, 2013.

All such modifications are forbidden and will be blocked in the terminals. We also do not allow MT4i LLP to use our trademarks and sell any applications relating to MetaTrader platforms.

The MetaQuotes monopoly is set to dominate the decade old MT4 platform and the skill and talent 3rd party developers bring to the trading environment is strong sign of innovation still prominent in financial markets.