Muthoot Forex vs Pen by Pentad
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
Muthoot Forex
Facilitates foreign exchange and outward remittance services in compliance with RBI guidelines. Enables hassle-free currency exchange and money transfers abroad at competitive rates, empowering global travel and financial transactions.
- Foreign exchange services
- Outward remittance
- RBI compliant
- Competitive rates
- Hassle-free transactions
- Global travel support
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Forex & Outward Remittance services by Muthoot Forexare strictly executed as per the guidelines of RBI. With simplified foreign exchange services, our customers are empowered to travel anywhere in the world without having to worry about the availability of currency. Muthoot Foreign Exchange offers hassle-free currency exchange & outward remittance services at highly competitive rates
Pen by Pentad
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PEN is a modern investment and trading platform from Pentad Securities, designed to help you invest, trade, and grow your wealth with confidence. Whether you're a first-time investor or an experienced trader, PEN offers a simple, secure, and intuitive experience to manage your financial journey. With PEN, you can: 1. Invest in Stocks and ETFs 2. Trade in Equity, F&O, and Commodities 3. Create and manage personalized watchlists 4. Access real-time market data and live portfolio tracking 5. Monitor holdings, positions, and profit & loss Start your investment journey with PEN and take control of your financial future—anytime, anywhere.
Screenshots
Verdict
The clearest difference is update cadence: Pen by Pentad at every 2 months against Muthoot Forex's every 5 months. Muthoot Forex's advantage is iOS requirement (13.0 vs 15.0). On price, ads, in-app purchases 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
Both are free to download. Neither carries in-app purchases, so what you see is what you pay.
Muthoot Forex ships an update every 5 months, Pen by Pentad every 2 months. The most recent releases landed on November 3, 2026 and November 7, 2026 respectively.
| Parameter | Muthoot Forex | Pen by Pentad |
|---|---|---|
| Price | Free | Free |
| Positive reviews | 100.0% of reviews | — |
| Update frequency | Every 5 months | Every 2 months — better |
| Ads | No | No |
| In-app purchases | No | No |
| Monetization | Free | — |
| Devices | iPhone, iPod | iPhone, iPad, iPod — better |
| Requires iOS | 13.0 — better | 15.0 |
| Further details — not scored | ||
| Size | 16 MB | 60 MB |
| Age rating | 4+ | 4+ |
| Developer | Muthoot Finance Limited | PENTAD SECURITIES PRIVATE LIMITED |
In-app purchases
Muthoot Forex
No in-app purchases
Pen by Pentad
No in-app purchases
