End of MT4 / MT5 | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

mt4 to mt5 converter 42 replies

MT4/MT5 not display indicator values 16 replies

MT4/MT5 for Tablets 4 replies

GPU calculations using MT5 or MT4? 1 reply

Does all EA in MT4 can run in coming MT5? 6 replies

End of MT4 / MT5

  • #1
  • First Post: Apr 1, 2024 10:24am Apr 1, 2024 10:24am
Anyone else get this? Been trying all day to figure out why my expert isn't trading, Experts tab says "Trade Disabled". Same when I try to trade manually. So I logged into TradersWay and check messages, here it is:


Dear ,

We have been notified about changes to MetaQuotes' policies and have been asked to phase-out your trading activity on the MetaTrader 4 and MetaTrader 5 platforms, as you reside in the United States.

If you have open positions, they must be closed by Wednesday, 24 April, 2024 at the end of the trading day. Any remaining positions will be closed automatically at the prevailing market price at or around rollover -- 00:00 server time on Thursday 25 April, 2024. Note that this corresponds with 5PM ET, 2PM PT in the US.

We are working on adding multiple new platforms to provide all of our clients with more choices and freedom to trade. As a thank you for your loyalty and support we will offer you 0 trading commissions on your account for the rest of 2024 once a new platform has been implemented, along with other bonuses that we will announce soon. This means you will pay only the spread, we cover the commission, and you keep more of your profits in your trading account.

We understand that this is unexpected. We are doing our best to ensure the smoothest possible transition for all clients so they can get back to trading.


Thank you for your understanding,

Trader's Way Team
  • #2
  • Apr 1, 2024 11:13am Apr 1, 2024 11:13am
Thats not good , US regulations are limiting users freedom to trade.

What other platforms are available there which have automated bots option.
JustTradeNoWorries Return Today: na
  • #3
  • Apr 1, 2024 11:44am Apr 1, 2024 11:44am
I think global MT4 community base would also become weaker as we will lose all the MT4 users from the U.S.
The best solution I can think of is Metaquotes sells Metatrader business to a U.S. company.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #4
  • Apr 1, 2024 12:56pm Apr 1, 2024 12:56pm
Quoting heispark
I think global MT4 community base would also become weaker as we will lose all the MT4 users from the U.S. The best solution I can think of is Metaquotes sells Metatrader business to a U.S. company.
Actually no , we can create api bridge to copy trades to any other platform. So demo trade on mt4/mt5 and copy it to any other tech platform powerfull enough to do automated trades.
JustTradeNoWorries Return Today: na
  • #5
  • Apr 2, 2024 2:10pm Apr 2, 2024 2:10pm
Quoting NewTrader22
Thats not good , US regulations are limiting users freedom to trade. What other platforms are available there which have automated bots option.
Is it for sure US regulations? The notice said MetaQuotes policies. Wasn't it programmed by Russians or Ukrainians? I'm wondering if it's because of you-know-who doing you-know-what.
  • #6
  • Apr 2, 2024 2:12pm Apr 2, 2024 2:12pm
Quoting NewTrader22
{quote} Actually no , we can create api bridge to copy trades to any other platform. So demo trade on mt4/mt5 and copy it to any other tech platform powerfull enough to do automated trades.
My MT4 platform has trading disabled. EA tries but cannot take trades. Manual trades do not execute. So there won't be anything to copy.
  • #7
  • Apr 2, 2024 2:13pm Apr 2, 2024 2:13pm
Quoting heispark
I think global MT4 community base would also become weaker as we will lose all the MT4 users from the U.S. The best solution I can think of is Metaquotes sells Metatrader business to a U.S. company.
That would be great. But if they're not letting us use it at all, it's not likely they're going to sell it to a US company.
  • #8
  • Apr 2, 2024 7:01pm Apr 2, 2024 7:01pm
Quoting blueruby
{quote} My MT4 platform has trading disabled. EA tries but cannot take trades. Manual trades do not execute. So there won't be anything to copy.
Then its time to move to any other platfrom.
JustTradeNoWorries Return Today: na
  • #9
  • Apr 2, 2024 11:32pm Apr 2, 2024 11:32pm
Quoting NewTrader22
{quote} Then its time to move to any other platfrom.
The single biggest problem is the richest pool of MT4 indicators and EAs have been made so far. Even MT5 cannot match MT4. No one can match MT4 in terms of this issue. I hope third-party platform developers make MT4 compatible platforms which can import and use MT4 indicators and EAs. Copyright could be an issue in this case but I think it's not impossible. For example, we can import MS Word or Excel formatted files to other office platforms such as Open Office. It should be a similar concept.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #10
  • Apr 3, 2024 8:54am Apr 3, 2024 8:54am
This has nothing to do with end of MT4/MT5. At the end of last year MetaQuotes announced this move and now it terminates licenses with non-regulated brokerage businesses serving US clients. I can only guess that there has been some pressure by American regulation authorities. They don't like small firms taking a stake of their big bank business. The whole world-wide story about not accepting US clients, leverage restrictions to 1:30 etc. is about this. They just don't want you to trade CFDs there in US/AU/EU because it takes a piece of the cake which otherwise goes to the big Wall Street banks. It has always been like that and in their eyes it must stay like that. No new business allowed.

More examples:

https://blog.fundingtraders.com/true...unds-shutdown/
https://atomiqconsulting.com/mt4-mt5-prop-trading/
It takes blood, sweat and enough tears to wash away the blood.
  • #11
  • Apr 3, 2024 9:21pm Apr 3, 2024 9:21pm
Quoting emmzett
This has nothing to do with end of MT4/MT5. At the end of last year MetaQuotes announced this move and now it terminates licenses with non-regulated brokerage businesses serving US clients. I can only guess that there has been some pressure by American regulation authorities. They don't like small firms taking a stake of their big bank business. The whole world-wide story about not accepting US clients, leverage restrictions to 1:30 etc. is about this. They just don't want you to trade CFDs there in US/AU/EU because it takes a piece of the cake...
I would think the big banks love small traders. When our stops pile up, they run them. We provide liquidity to the markets which they manipulate.
  • #12
  • Apr 4, 2024 9:30am Apr 4, 2024 9:30am
Quoting NewTrader22
{quote} Then its time to move to any other platfrom.
Any other platform that runs my MT4 programs? What platform would that be?
  • #13
  • Apr 4, 2024 12:34pm Apr 4, 2024 12:34pm
Quoting blueruby
{quote} Any other platform that runs my MT4 programs? What platform would that be?
No you have reprogram them.
JustTradeNoWorries Return Today: na
  • #14
  • Last Post: Apr 9, 2024 11:10pm Apr 9, 2024 11:10pm
Has anyone heard any updates to the TW dilemma? They told me they were working on a replacement platform, but I've heard nothing. April 24th is drawing near.
0 traders viewing now