Comparison

Muthoot Forex vs Broker Open API Trader

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

Head to head
About

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.

Highlights
  • Foreign exchange services
  • Outward remittance
  • RBI compliant
  • Competitive rates
  • Hassle-free transactions
  • Global travel support
Features
Read full description

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

About

Broker Open API Trader

Features
Read full description

Broker Open API Trader is a sample app that was created using the cTrader Open API protocol and it includes all the general forex trading functionality of the cTrader platform. In general, the cTrader Open API protocol is language-neutral service that allows any developer to execute any trading order, pull historical data or create a custom analytic service both for your personal or public use. To begin using our app, or to become an Open API developer, all you need is an account with any broker that has a cTrader trading terminal. The Open API department provides instant support for developers and can be contacted by both email and Telegram chat. Any question or problem you might encounter during the development process will be answered quickly and effectively. This app is mostly intended for beginner traders, providing them with the opportunity to experience demo trading processed by the ultra-low latency cTrader backend through a simple interface for daily trading. Please note that only demo accounts can be used in our app. Use the Broker Open API Trader app as an inspiration, whether you are an affiliate, a white-label broker or just a trader who is interested in a customised trading app. As previously mentioned, it is connected to the cTrader Open API protocol, which is accessible to everyone and intended to give traders and developers the opportunity to create customised trading terminals or analytic products. The app is programmed on Flutter: the most popular and effective technology for mobile app development at the moment. You can watch EURUSD, XAUUSD, US Oil and other currency quotes or trade currency pairs, stocks, indices and commodities. You can also use technical analysis tools to explore the forex market and to execute your market and pending orders on a lightning-quick service through our mobile forex trading platform. Since there are more than 200 brokers in the cTrader ecosystem, our app is available for traders on five continents and in dozens of financial jurisdictions. If you wish to create a customised mobile trading platform but are not familiar with software development, we can provide you with a consultation. We can also help you to find a skilled developer who is familiar with the Open API protocol. cTrader Open API is a user-friendly service that was created to allow fast and easy integration of third-party trading tools into the cTrader ecosystem. For more details contact Open API support chat >> https://t.me/ctrader_open_api_support or cTrader sales dept. >> https://www.spotware.com/contact-us

Screenshots

Muthoot Forex4 screens
Broker Open API Trader4 screens

Verdict

The call

The clearest difference is iOS requirement: Broker Open API Trader at 11.0 against Muthoot Forex's 13.0. On price, ads, in-app purchases and device support there is nothing between them.

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

CostPrice ยท In-app purchases ยท Ads ยท Monetization

Both are free to download. Neither carries in-app purchases, so what you see is what you pay.

Scorecard1 real difference ยท 7 level
Muthoot Forex versus Broker Open API Trader: the parameters behind the verdict, then further details
ParameterMuthoot ForexBroker Open API Trader
PriceFreeFree
Positive reviews100.0% of reviewsโ€”
Update frequencyEvery 5 monthsโ€”
AdsNoNo
In-app purchasesNoNo
MonetizationFreeโ€”
DevicesiPhone, iPodiPhone, iPad, iPod โ€” better
Requires iOS13.011.0 โ€” better
Further details โ€” not scored
Size16 MB38 MB
Age rating4+4+
DeveloperMuthoot Finance LimitedFinansoft s.r.o.

In-app purchases

None

Muthoot Forex

No in-app purchases

None

Broker Open API Trader

No in-app purchases

Questions

Is Muthoot Forex free?
Muthoot Forex is free to download, with no in-app purchases.
Is Broker Open API Trader free?
Broker Open API Trader is free to download, with no in-app purchases.
Do Muthoot Forex or Broker Open API Trader have ads?
Neither Muthoot Forex nor Broker Open API Trader shows ads.

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