SogoTrade Fined $75K Amid Compliance Failures
FINRA fines SogoTrade $75,000 for market access control failures as TopFX advances synthetic indices trading and 24/7 multi-asset solutions.
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Abstract:The trading apps are still available on Google Playstore. Finance Magnates has reached out to MetaQuotes for a comment.

Popular forex and contract for difference (CFD) trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), are no longer available for downloading on the Apple App Store.
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Finance Magnates check shows that the trading apps do not come up when a search entry is done on the Apple App Store. However, they are still available on the Google Playstore.
MT4 and MT5 were developed by MetaQuotes, a leading software development company registered in Cyprus. MetaQuotes is said to have originated in Russia.
As of press time, Finance Magnates is yet to get a response from MetaQuotes on why the mobile applications were pulled down.
While MT4 was introduced in 2005, the upgraded MT5 was released in 2010.
MT4 and MT5 support Windows and Mac OS operating systems for desktop usage. They also support Android and iOS operating systems for mobile use.
However, MetaQuotes does not support the use of MT4 on Mac OS. Nonetheless, white label brokers provide customized versions to their clients.
According to Finance Magnates Intelligence's analysis, MT4 and MT5 boasted a combined 78.7% share of the market at the close of 2020.

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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

FINRA fines SogoTrade $75,000 for market access control failures as TopFX advances synthetic indices trading and 24/7 multi-asset solutions.

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