META TRADE 404 NOT FOUND
META TRADER 4 AND META TRADER 5 ARE OUT FROM THE MARKET
The market
Geopolitically speaking, things are not going very well. It is surprising that the registered request for movements of the Russian Ruble coming from the Cash banking system is increased by 3% against the Dollar.
Earlier, following the removal of dozens of Russian banks from the SWIFT circuit (a verified interbank circuit), 1.4 billion Rubles were removed from the general banking system carrying the demand for Cash Rublo skyrocketing.
This phenomenon was caused following the announcement of Putin’s mobilization. Russian citizens have started to move their capital and to completely empty their digital wallets.The last recorded performance sees USD with a loss of 7% and the Ruble up by 15%. All these events derive from various factors. However, the accusations are heavy, as much as the accusations against the broker platforms are heavy just because they have a Russian tax regime.
The reasons
META TRADE 4 and META TRADE 5 are two of the platforms most used by Retail Traders in the Forex and CFD market all over the world. They are software developed by METAQUOTES. This company was founded in Russia by Renat Fatkhullin, based in Kazan and a tax base in Cyprus.
As predicted on my social channels, this broker has followed the geopolitical dynamics caused by the conflict. On 23 September, the possibility of being able to download both platforms from the AppStore and GooglePlay was definitely removed by following all the other emerging brokers not regulated in the United States as execution platforms.
Additionally, the accusations that presuppose a Russian control inside the capital raised within Meta Trade 4. It have been made public and that there are large Russian movements and transactions supported but not yet officially proven. Currently, the Russian Ruble is beating it’s all-time highs despite its possessing state inciting the nuclear system as a response to the attempted conquest, with the aim of enabling 300,000 new soldiers.
Pay attention to your off-shore capital
The People, including the great market visionaries, do not give enough importance to all the risks posed by managing capital managed by online brokers. Especially if they are not regulated in Europe. At this point, I advise you to pay attention to the platform index and to the possession of offshore capital. In many situations, especially financial ones, third parties act according to the rules of other third parties, where brokers have a high risk of being closed from the circuit.
For this reason, these collaborations do not have the reason to communicate it to the investors.
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