# LiteFinance vs Formiq

The clearest difference is in-app purchases: LiteFinance at none against Formiq's 2. LiteFinance also leads on ratings volume (155 vs 2) and iOS requirement (15.0 vs 17.0). Formiq's advantage is rating (5.0 vs 4.7) and update cadence (every 5 days vs every 3 weeks). On price, ads and device support there is nothing between them.

Both are free to download. Formiq sells 2 in-app purchases, starting at $19.99 per month. LiteFinance asks for nothing beyond the download.

Formiq holds the better App Store score, 5.0 against 4.7. That said, the two scores are not equally well evidenced: LiteFinance has 155 ratings behind it against 2, so its average is the more settled of the two.

LiteFinance ships an update every 3 weeks, Formiq every 5 days. The most recent releases landed on October 20, 2026 and October 9, 2026 respectively.

## The numbers

| Metric | LiteFinance | Formiq |
| --- | --- | --- |
| Price | Free | Free |
| Rating | [4.7 (155 ratings)](https://appshunter.io/ios/app/litefinance/id1661254805/reviews) | **[5.0 (2 ratings)](https://appshunter.io/ios/app/formiq-fx-backtest-tester/id6759964075/reviews)** |
| Number of ratings | **155** | 2 |
| Positive reviews | 67.7% of reviews | — |
| In-app purchases | **No** | Yes |
| Ads | No | No |
| Update frequency | Every 3 weeks | **Every 5 days** |
| Monetization | **Free** | Freemium |
| Size | 93 MB | 57 MB |
| Requires iOS | **15.0** | 17.0 |
| Devices | **iPhone, iPod** | iPhone |
| Age rating | 17+ | 4+ |
| Developer | [Liteforex (Europe) Limited](https://appshunter.io/developer/1274928173) | [株式会社オポチュニティ](https://appshunter.io/developer/1740927723) |

## What reviewers say

### LiteFinance

[App page](https://appshunter.io/ios/app/litefinance/id1661254805)

This mobile trading app provides access to a client account and trading platform for various financial instruments. It offers interactive charts, order execution, social trading, and financial management tools. Users can also connect with other traders and access market news and analytics.

**Highlights:** Trade 190+ instruments, Real-time interactive price charts, 100+ graphical analysis tools, Social trading and copy trading, Instant deposits and withdrawals, DEMO and real trading accounts, 24/7 support and trader chat

**Features:** macOS Compatibility, Vision Pro support

**In-app purchases:** none


### Formiq

[App page](https://appshunter.io/ios/app/formiq-fx-backtest-tester/id6759964075)

Test your forex trading strategies on historical charts before risking real money. Practice entries, track trades, and analyze performance metrics to build confidence and refine your approach.

**Highlights:** Replay historical forex charts, Practice trade entries, Record and track trades, Analyze win rate and P&L, Test indicators, Simulate position sizing

**Features:** macOS Compatibility, Vision Pro support

**In-app purchases (2)**

| Purchase | Price | Billing |
| --- | --- | --- |
| Formiq Unlimited Monthly | $19.99 | per month |
| Formiq Unlimited Monthly | $179.99 | per year |


## Frequently asked questions

### Is LiteFinance free?

LiteFinance is free to download, with no in-app purchases.

### Is Formiq free?

Formiq is free to download, with in-app purchases available.

### Which has better reviews, LiteFinance or Formiq?

Formiq is rated higher. LiteFinance averages 4.7 out of 5 from 155 ratings, while Formiq averages 5.0 from 2 ratings.

### Do LiteFinance or Formiq have ads?

Neither LiteFinance nor Formiq shows ads.

### Which is updated more often, LiteFinance or Formiq?

LiteFinance ships an update every 3 weeks, and Formiq every 5 days. Most recently, LiteFinance was updated on October 20, 2026 and Formiq on October 9, 2026.

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*Compared by [AppsHunter](https://appshunter.io/) from daily US App Store data. Review summaries are generated from verbatim App Store reviews.*