MetaQuotes blocking of Myfxbook on their servers had forced Myfxbook to stop offering an account Auto Update option.

Forex social network and copy trading platform service Myfxbook has continued to defy MetaQuotes stated plan to ban third party copy trading software from accessing MT4 accounts. On its website blog, Myfxbook wrote that it was reinstating full MT4 copy trading functionality, including the Auto Update option, which had been previously turned off after MetaQuotes blocked access to its servers.

Myfxbook’s note to customers was as follows:

MetaTrader 4 Auto Update To Be Restored

Dear Myfxbook users,

We just wanted to let you know that we’ve been working hard on the auto update method which was removed a few weeks back. We’re glad to report of significant progress – the auto update option will be fully restored very soon so you’ll be able to have your accounts updated just like before.

We would like to thank you for your great feedback and apologize for the inconvenience caused.

The different FX social network and copy trading platforms targeted by MetaQuotes for elimination from unauthorized access to MT4 servers have taken different approaches to the situation. As we wrote above, Myfxbook has made some small behind-the-scenes IT changes and is acting as if it is business as usual. On the other hand Tradency announced that it will “cease operation with MetaQuotes systems, shifting Mirror Trader brokers to [other] various currently available proven solutions.”

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.