Two months ago Metaquotes announced its plans to develop an iPhone mobile trading terminal for Metatrader 4. Ever since Metatrader 4 was launched it lacked a mobile app and due to this quite a few mobile development companies (iphorex, forexonthego and others) emerged in the market.
Metaquotes did release a mobile app for its next generation of trading platforms – Metatrader 5, however as there are still hundreds of brokers offering Metatrader 4 it finally succumbed to their requirements and rolled out an iPhone trading terminal for MT4. For now this mobile terminal which was available on Windows OS based phones for a while is available on Apple store for iPhones, iPad and iPod which for now leaves out other smartphones users who use Blackberries and Android based phones. Metaquotes will probably roll out native mobile apps for these platforms soon enough.
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Metaquotes also recently declared war on many mobile forex platform providers as most of them reverse engineer Metatrader client protocols to be able to provide the forex apps. Currently the company is focused on plugging all the holes those companies are using to be able to offer their clients mobile trading on the Metatrader4 platform. Without any doubt this would be highly detrimental to the mobile firms’ business and their clients will suffer as a result.