Fazzaco Weekly Digest: MetaQuotes' MT4 & MT5 Removed from Apple App Store; Pepperstone Selects Capitalise.ai to Offer Seamless, Auto-Trading Experience

Take a look at the latest happenings in this week's news digest from around the forex and fintech industry. Here are some of the top headlines from this past week.

1. MetaQuotes' MT4 & MT5 Removed from Apple App Store

Fazzaco learned that MetaTrader 4 & MetaTrader 5 (MT4 & MT5), the electronic trading platforms widely used by online retail forex speculative traders developed by MetaQuotes, have been removed from Apple App store.

Reportedly, this move is a retaliation of US Government in response to an alleged help that the CEO of MetaQuotes has engaged (not confirmed) in helping Russian oligarchs to transfer funds outside of Russia.

​These platforms are still available to Android users. And the desktop version of MT4 and MT5 have not been removed yet.

2. Pepperstone Selects Capitalise.ai to Offer Seamless, Auto-Trading Experience

Pepperstone, an online Forex and CFD Broker, and Capitalise.ai, the world leader of an AI based trading automation & analytics solution, has entered a strategic partnership, which will allow Pepperstone clients to enjoy a seamless, auto-trading experience. 

3. Valutrades Reports 10.7% YoY Increase in Turnover in 2021​

Valutrades, a forex and CFDs broker regulated by the Financial Conduct Authority, has revealed its financials for the year ended on December 31, 2021. 

4. Bankrupt Crypto Lender Celsius Plans to Turn Its Debt Into Crypto "IOU" Tokens

Bankrupt crypto lender Celsius Network appears to be considering a plan to turn its debt into crypto "IOU" ("I Owe You") tokens.

Celsius filed for Chapter 11 bankruptcy protection in July, a month after halting withdrawals because of a liquidity crisis it blamed on "extreme market conditions." Subsequent bankruptcy proceedings in the Southern District of New York have revealed the depths of Celsius' financial troubles: The lender owes 500,000 creditors nearly $5 billion.

5. UK FCA Issues Warning About Crypto Exchange FTX Operating Without Authorization

The British financial market supervisor, the Financial Conduct Authority (FCA), has flagged the crypto exchange FTX for offering services in the United Kingdom without the necessary authorization.

6. CAPEX.com Launches Share Dealing and ETF Trading Product – CAPEX Invest​

After previously announcing a zero-commission pre-launch campaign for share dealing, CAPEX.com unveils the final product - CAPEX Invest. In addition to the 5000+ global stocks they already provide, they added 130+ of the most important and actively traded ETFs (Exchange Traded Funds) on the US market.

​7. Admirals UK Director of Trading Risk and Trading Products Zahid Mahmood Departs

Fazzaco learned that Zahid Mahmood has decided to end his position as Director of Trading Risk and Trading Products at Admirals UK, the London-based arm of Admirals, a global retail FX and CFDs broker. Also, he has resigned from the Board of Directors of the firm.