Exclusive: MetaQuotes sees record number of MetaTrader 5 iOS users after App Store return
Trading platform developer MetaQuotes has informed FNG that the monthly audience of MetaTrader 5 for iOS set a record in the first month after returning to the Apple App Store. MT5 was reinstated to the App Store in early March, as was also exclusively reported here at FNG, after Apple had removed MT5 (as well as its older cousin, MT4) in late September 2022.
MetaQuotes said that the current MAU (monthly active users) value significantly exceeded the one observed before the blocking. According to the internal study results, the audience of the application grew by 14% compared to six months ago, which is an absolute record since the trading platform’s launch.
Renat Fatkhullin, CEO of MetaQuotes Ltd. said:
“We expected a smooth recovery of the audience within a month or two, but even more positive dynamics became visible in the first days after the return. Contrary to some forecasts, interest in the application became even higher. The trust of users in our trading platform is growing.”
“Our team has done a great job to restore MetaTrader 5 for iOS in cooperation with Apple. We had no doubts about a successful outcome, so we never stopped developing improvements. The next big update was released a few days after the application returned to the marketplace. We thank everyone who stayed with us. We really appreciate your support and hope that MetaQuotes products will help you achieve maximum results in any situation.”
April 6, 2023 @ 9:01 pm
Is this just a self statement from MetaQuotes, or there has been a proper audit / confirmation from Apple too?
Is the balance sheet of MetaQuotes publicly available and audited? any idea on the revenues and net profit they generate? what is the current liquidity situation of MetaQuotes?
April 7, 2023 @ 8:18 am
Dear “Curious David”,
all private companies, including MetaQuotes, have the right to keep business information, such as their balance sheet status, operating metrics, liquidity situation, the brand of coffee the CEO drinks every morning, etc, private.
It is also unrealistic to expect the App Store to disclose information about apps, aside from the data listed on a given app’s page. Apple Inc is known for being particularly stringent about data disclosure.
When it comes to private companies, it is usually “self statements” that matter.
Kind regards.
April 7, 2023 @ 1:42 pm
Dear Maria, then I assume this is just a self statement from MetaQuotes that could clearly not be true. I see many fintech companies and here I mean also MetaQuotes competitors (to be fully fair and not biased) come out with self statement that are not verified. I believe a far more inquisitive journalism is needed to encourage companies being transparent with data of their business.
April 8, 2023 @ 11:00 am
David,
you can make that silly assertion about any company. And then get sued for defamation. The job of a journalist is not to make any assumptions about a business and not to assume that a story is a lie just because it came from a self report. Even SEC filings are self reports (you ignorantly called them “self statements”).
There is nothing extraordinary in MetaQuotes’ statement. Their app was absent from the App Store for a while, then came back and attracted significant attention.
In psychology, the phenomenon is called hypercompensation. This happens often in business – when something that has been missing is back on the market, the demand for this previously absent stock sharply rises. By the way, any app ranking can be checked easily on the App Store and the MT5 app has made quite a jump since coming back.
I suspect you are a bit paranoid about MQ because you have some personal agenda with them. I do appreciate your scepticism, however. This makes a good news reader. But having unrealistic expectations about audits and liquidity status updates from software developers will get you frustrated and miserable. Are you sure you want to go down that road?
Be safe.
April 14, 2023 @ 5:23 pm
No, nothing against MetaQuotes at all. I just found this article and as it was not over complicated to post a comment / genuine question I did it. That’s it. I actually wanted to ask something similar months ago when MetaQuotes was banned from Apple and all various competitors of MQ were claiming record revenues, client requests, due to the uncertain situation of MetaQuotes. Also in that case the question came spontaneus, was there evidence of all this record revenues of MQ competitors when balance sheet of these companies are all secret and nobody can verify the accuracy of these info?! But in any case I see your message is pretty clear: comments and people that dare to ask a bit more are labelled as stupid, idiots or in general unwelcome. Maybe you know what? just remove the comment session so that you avoid receiving uncomfortable questions.
April 18, 2023 @ 12:00 pm
David, sweetheart, if your are looking for a fool, look in the mirror.