TICKMILL’S INGMAR MATTUS ON MARKET VOLATILITY AND THE FUTURE OF RETAIL FX

The Finance Magnates London Summit 2022 may have ended, but FinanceFeeds continues to bring you powerful stories from CEOs, executives, and entrepreneurs from the most influential brokerage firms.

FinanceFeeds Editor in Chief Nikolai Isayev sat down for an exclusive interview with Tickmill co-founder Ingmar Mattus and the first thing he wished to draw upon was his impression about this year’s edition of the FMLS summit.

Mattus said the expo was a complete success for both organizers and participants. He also noted that the London Summit has earned the trust of key finance and Fintech influencers and is renowned for generating business and networking opportunities.

“It has been an interesting event. We’ve come here almost every year, and it’s a good place to meet partners, technology providers, clients, and introducing brokers. It’s definitely one of these events that we attend every year with great pleasure.”

They started our industry discussion asking Mr. Mattus about Apple’s decision to remove the MetaTrader 4 and MetaTrader 5 platforms from its App Store. This news came as a big shock that reverberated through the retail sector as iOS-based users may not be able to trade forex on their devices anymore.

As Tickmill COO explains, this was undoubtedly a major setback for MetaQuotes, but the company acted fast with the release of a new web terminal for MT5 to make it basically compatible with Apple devices. So, we asked if this could serve as a permanent solution? Or is it still temporary in the sense that traders might not be ultimately happy with it and will continue to find alternatives?

Mattus firstly acknowledges that the MetaQuotes apps have revolutionized how traders access the financial markets. He added that online trading isn’t the same as it had been two decades ago when the ultra-popular MT4 trading platform surfaced. With regards to the removal of these apps from Apple’s App Store, Mattus said there has been a lot of discussions speculating if there is a viable alternative indeed.

How long the ban will exist is unknown. But fortunately, there are safe alternatives, both in the form of other products and cautionary tactics traders can take to keep their app functional.

These measures could mitigate the damage faced by MetaQuotes following Apple’s ban. But the failure to resolve the issue at its roots could force traders to look elsewhere.

Mattus also notes that it has become imperative for some brokers to consider developing their own apps to stay immune from risks and problems in the future.