Apple's MetaTrader Ban: What are the Broker Alternatives?

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Apple's MetaTrader Ban: What are the Broker Alternatives?

<p class="MsoNormal">Apple's decision to remove the most popular forex and
contract for difference (CFD) trading platforms from its App Store, unknowingly
contributed to potentially severe changes to the retail trading industry, which
has been growing for over a decade. </p><p class="MsoNormal">While the iconic duo of MetaTrader4 and MetaTrader5 is no
longer available for iOS devices, brokers and traders have been left wondering what's next
for the industry. Finance Magnates covers the topic in the <a href="https://www.financemagnates.com/intelligence/products/qir/q32022/">latest
edition of the Quarterly Industry Report</a>.</p><p class="MsoNormal">In the long term, the inability to use the MetaQuotes app on
Apple mobile devices will make brokers decide to change the platforms they
offer. According to some experts, this could provide a breath of fresh air in
an industry dominated by MetaTrader solutions and increase the market share of
competitors.</p><p>Spotware, X Open Hub, Match-Trade and Leverate. 4 Main Alternatives</p><p class="MsoNormal">Finance Magnates Intelligence conducted a survey, which
showed that, according to traders and brokers, there are four main alternatives
available in the market - platforms and white-label solutions
from Spotware Systems, Match-Trade Technologies, Leverate and X Open Hub.</p><p class="MsoNormal">Finance Magnates spoke with representatives of the four
companies mentioned, and all presented similar opinions. Unsurprisingly, they
agreed that their platforms could be the best alternative for brokers and their
clients. Moreover, they do not believe the situation will negatively affect the
popularity of the CFD industry among retail clients and will not increase the
popularity of zero-fee trading platforms such as Robinhood.</p><p>Your Options as a Broker</p><p class="MsoNormal">Having MetaTrader platforms on offer still seems to be a
'duty' of a retail broker. Indeed, Apple's ban will not make the market share
of these tools disappear entirely. However, it is worth preparing for those
customers who can no longer use the MetaQuotes app on their iOS mobile devices.</p><p class="MsoNormal">Appropriately, white-label solutions are not everything.
Traders, their assets, and all open positions are important. When choosing
a new partner as a broker, it is worth ensuring the fastest and least
painful migration process to keep clients and traders unaffected.</p><p class="MsoNormal">Our interviewees repeatedly discussed the "new opportunities" the ban has created and talked of the impact the ban will have. As an incumbent and
emerging broker, you should consider basing your offering not only on
MetaQuotes platforms but also complementing it with one of the popular
alternatives offered in a white-label format.</p><p class="MsoNormal">To get the full article and the bigger picture after Apple's MetaTrader ban, get our <a href="https://www.financemagnates.com/intelligence/products/qir/q32022/">Latest
Quarterly Intelligence Report</a></p>

This article was written by Damian Chmiel at www.financemagnates.com.

Source: Apple's MetaTrader Ban: What are the Broker Alternatives?