Comparison

MyTrader vs Forex Backtest

Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.

Head to head
About

MyTrader

Features
Read full description

No compromises! Trade from your iPhone or iPad with more tools and controls than your desktop platform. MyTrader offers outstanding charting, market analysis, and power-user trading tools including order batches, grids, and market depth. And it’s fully customisable. MyTrader contains over 40 different trading widgets which you can combine in any order to create your own personalised trading platform - as simple or as complex as you want. MyTrader can trade FX Blue's own demo accounts, and can also currently to forex, CFD, and cryptocurrency accounts with OANDA, Forex.com, FXCM, or any MT4/MT5 broker by running the MyTrader Connector EA in the MT4/5 client terminal. MyTrader also offers a data-only connection if you just want to analyse markets and prices without trading an account. Trading MyTrader has it all: one-tap trading, order placement and editing direct from charts, choice between deal tickets or order grids, sophisticated order templating, and power tools such as grids and batches. You can even write your own scripts to place a single order or basket with a tap of an icon. Outstanding Charting Over 100 technical indicators, over 50 drawing tools, and chart types which include Renko, Kagi, and Point & Figure as well as more traditional bar and candle charts. Hugely flexible and unique drawing features, to create stunning charts. Supports multi-chart layouts on iPads. Technical Analysis Automated technical analysis, combining multiple moving averages, oscillators, and pivot points into a single overall buy/sell rating. Heat Map, Currency Strength, and Sentiment Keep track of market movements using a heat map of major changes, a display of relative currency strength, and real-time long/short sentiment based on real-money trades by FX Blue users. Quote Boards and Watch-lists Monitor current prices using the app's simple but effective quote board. Choose from pre-defined lists of markets, such as USD crosses, or create your own watch-lists which can then be used throughout the app. Calculators Easy-to-use calculators for common trading needs: calculate position sizes, Fibonacci retracements, pivot levels etc, or simply convert cash values from one currency to another. Fully Customisable Open widgets on a temporary basis if you just want a quick peek at some information, or create saved pages within the app which make your preferred widgets more permanently available. iPhones can have any number of pages within the app, but each page can only display a singe widget. The larger screen of iPads allows multi-widget layouts of huge flexibility - in particular, multiple charts side by side. Scripts Create scripts for your common actions and turn them into one-tap icons in the software's banner. Software developers can go much, much further and create whole new widgets of the software with access to all the same features as the built-in components.

About

Forex Backtest

Test your forex trading strategies with historical and real-time data. Analyze over 200 markets using advanced charting tools and indicators. Optimize performance across multiple timeframes and order types.

Highlights
  • Over 200 markets
  • Backtest & Forward Test
  • Multi-Timeframe Backtesting
  • Three Order Modes
  • Overlay and Drawing Tools
  • Integrated Indicators
Features
Read full description

Forex trading is a highly competitive field, where making the right decisions can mean the difference between success and failure. In this complex and dynamic world, backtesting has become an indispensable tool, enabling traders to develop and test strategies before applying them in real markets. Welcome to the Forex Backtest app! Discover the outstanding features we offer: I. KEY FEATURES 1. Over 200 Markets: Trade across numerous global markets from a single platform. 2. Backtest & Forward Test: Evaluate your strategies using historical data and in real-time. 3. Multi-Timeframe Backtesting: New Feature! Assess your strategies across various timeframes, from minutes to months, for a comprehensive analysis and optimized performance. 4. Free & Paid Versions: Choose between free or paid plans tailored to your needs. 5. Three Order Modes: Supports MARKET, LIMIT and STOP orders. 6. Wide Currency Support: Expand trading opportunities with popular currency pairs. 7. Multiple Leverage Levels: Optimize profits with leverage options that suit your trading strategies. II. OVERLAY and DRAWING TOOL SUPPORT 1. Price Channels: Parallel Line, Price Channel Line. 2. Fibonacci Tools: Circle, Extension, Spiral, Gann Box, and more. 3. Lines: Trend, Ray, Horizontal, Vertical, and more. 4. Patterns: ABCD, XABCD. 5. Shapes: Rectangle, Triangle, Circle, and more. 6. Waves: Three, Five, Eight, Custom Waves. III. INTEGRATED INDICATORS 1. Trend Indicators: BOLL, EMA, MA, SAR, and more. 2. Momentum Indicators: RSI, MACD, ATR, CCI, and more. 3. Volume Indicators: OBV, VOL, and more. With a user-friendly interface and robust features, Forex Backtest is the ideal tool to conquer the forex market. Download now and start your journey toward trading success! Privacy Policy: https://app.forexbacktest.com/privacy-policy.php?language=en Terms of Use: https://app.forexbacktest.com/terms-of-service.php?language=en

Screenshots

MyTrader4 screens
Forex Backtest4 screens

Verdict

The call

The clearest difference is in-app purchases: MyTrader at none against Forex Backtest's 10. MyTrader also leads on iOS requirement (13.0 vs 17.6). Forex Backtest's advantage is update cadence (every 5 days vs every 3 weeks). On price, ads and device support there is nothing between them.

Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS

CostPrice · In-app purchases · Ads · Monetization

Both are free to download. Forex Backtest sells 10 in-app purchases, starting at $2.99 per month. MyTrader asks for nothing beyond the download.

UpkeepUpdate frequency

MyTrader ships an update every 3 weeks, Forex Backtest every 5 days. The most recent releases landed on September 7, 2026 and August 19, 2026 respectively.

Scorecard3 real differences · 7 level
MyTrader versus Forex Backtest: the parameters behind the verdict, then further details
ParameterMyTraderForex Backtest
PriceFreeFree
Rating—2.3 (6 ratings) — better
Positive reviews—57.1% of reviews
Number of ratings—6 — better
Update frequencyEvery 3 weeksEvery 5 days — better
AdsNoNo
In-app purchasesNo — betterYes
Monetization—Free with in-app purchases
DevicesiPhone, iPad, iPod — betteriPhone, iPad
Requires iOS13.0 — better17.6
Further details — not scored
Size24 MB131 MB
Age rating17+17+
DeveloperFXBlue LLPKhoa Nguyen

In-app purchases

None

MyTrader

No in-app purchases

10 purchases

Forex Backtest

Subscriptions10
  • Package 500 for 1 month$2.991 Month
  • Package 1k for 1 month$4.991 Month
  • Package 2k for 1 month$9.991 Month
Show 7 more
  • Package 3k for 1 month$12.991 Month
  • Package 5k for 1 month$19.991 Month
  • Package 10k for 1 month$39.991 Month
  • Package 20k for 1 month$59.991 Month
  • Package 30k for 1 month$79.991 Month
  • Package 50k for 1 month$89.991 Month
  • Package Unlimited for 1 month$99.991 Month

Questions

Is MyTrader free?
MyTrader is free to download, with no in-app purchases.
Is Forex Backtest free?
Forex Backtest is free to download, with in-app purchases available.
Do MyTrader or Forex Backtest have ads?
Neither MyTrader nor Forex Backtest shows ads.
Which is updated more often, MyTrader or Forex Backtest?
MyTrader ships an update every 3 weeks, and Forex Backtest every 5 days. Most recently, MyTrader was updated on September 7, 2026 and Forex Backtest on August 19, 2026.

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