Metaquotes is already going after several providers who it believes hacked its protocols and now it issued an official statement to its clients that it will soon stop supporting the hacked protocols. Metaquotes is doing that because “our technologies are unlawfully used by some third-party developers who directly hack network protocols between MetaTrader 4 Server and client terminals in order to sell their solutions.”
Metaquotes is trying to patch these loopholes but it’s possible that those providers that hack these protocols will always find another way, but time will tell.
Trading Places: Finding The Best Jurisdiction for Your BrokerageGo to article >>
In any case, Metaquotes is suing at least one major provider and a court hearing has been scheduled in about two weeks in Cyprus. We are yet to obtain the official confirmation or the legal documents of the case.