Comparison

ThinkMarkets 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

ThinkMarkets

Trade a wide range of financial instruments including forex, commodities, indices, shares, and cryptocurrencies. Access advanced charting tools, risk management features, and a demo account for practice. Start trading with a low minimum deposit and flexible funding options.

Highlights
  • Trade 4,000+ instruments
  • 24/7 trading on select markets
  • Advanced charting and technical analysis
  • Risk management tools
  • Demo account for practice
  • AI-assisted trading features
  • Flexible funding options
Features
Read full description

Trade CFDs on forex, gold, indices, shares, crypto and 24/7 synthetic indices from one account. Up to 4,000 instruments, tight spreads and no commission on the ThinkMarkets account. Start with a minimum deposit of $10. TIGHT SPREADS ACROSS MARKETS • Gold from $0.19 • US 500 from 0.4 points • Bitcoin (BTCUSD) from $15 • Forex from 0.8 pips • No commission on the ThinkMarkets account. Other fees may apply. TRADE 24/7 • Gold, silver and crypto CFDs, plus synthetic indices, trade around the clock, including weekends • Weekend metals prices reflect related futures and prevailing market conditions MARKETS YOU CAN TRADE • Forex: 45+ currency pairs, including EUR/USD and GBP/USD • Commodities: gold, silver, Brent and WTI oil • Indices: US 100 (NASDAQ 100), US 500, Germany 40 (DAX) and FTSE 100 • Shares and ETFs, with up to 4,000 instruments in total • Crypto: Bitcoin, Ethereum and a wide range of altcoins • Synthetic indices: Volatility, Boom, Crash and Jump indices, plus Weekend Storm SYNTHETIC INDICES • Computer-generated markets that move independently of economic news and events • No swaps and free guaranteed stops • Leverage up to 2500:1 DYNAMIC LEVERAGE • Up to 5000:1 on major forex pairs such as EUR/USD and GBP/USD • Up to 2000:1 on gold • Up to 1000:1 on Bitcoin and Ether Leverage magnifies both gains and losses. FAST SIGN-UP AND FLEXIBLE FUNDING • Fast account sign-up, as fast as 2 minutes • Minimum deposit of $10 • No deposit or withdrawal fees. Third-party charges may apply. • Fund by bank transfer, Visa, Mastercard, Apple Pay, Google Pay, Skrill, Neteller or crypto. Available methods vary by country. • Base currencies include USD, USDt, AUD, GBP, EUR, NZD, SGD, CHF, AED and QAR • Swap-free trading on eligible instruments, on request (admin fees and terms apply) CHARTS AND TECHNICAL ANALYSIS • TradingView charts built into the trading platform, with 100+ indicators, 50 drawing tools and 10+ chart types • Connect your account to TradingView and trade straight from your charts • Monitor up to 8 charts at once • Market news filtered by your watchlist, plus a market calendar and market movers RISK MANAGEMENT TOOLS • Stop loss, take profit and trailing stop orders, with up to 6 pending order types • Up to 200 cloud-based price alerts, pushed straight to your phone DEMO ACCOUNT AND PRACTICE TRADING • A demo account with virtual funds for paper trading on live prices • Backtesting with Traders' Gym, using real, historical market data • Learn to trade forex, CFDs and technical analysis in the ThinkMarkets Trading Academy MORE WAYS TO TRADE • ChelseaAI links your own AI assistant to your account to check prices, review positions and manage orders. You set the permissions. AI-assisted, not AI-advised. • MetaTrader 4 and MetaTrader 5 accounts are also available, including ThinkZero raw spreads from 0.0 pips (commission applies) • Earn more the more you trade with ThinkRewards (terms and conditions apply) AWARDS • Best Trading App 2026, Compare Forex Brokers • Best for Analysis 2026, TechRadar • Newcomer of the Year 2024, TradingView • Best Mobile Trading Platform/App 2023, Global Forex Awards • Rated Excellent from 1,000+ reviews on TradingView Past performance does not guarantee future results. ABOUT THINKMARKETS ThinkMarkets is a globally regulated, multi-asset online broker, founded in 2010, with clients in more than 165 countries. Our global entity is regulated by the Financial Services Authority of Seychelles. Our multilingual support team is available 24/7. RISK WARNING CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Derivative products are leveraged products and can result in losses that exceed initial deposits. Make sure you understand the risks involved before you trade, and seek independent advice if necessary. TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060.

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

ThinkMarkets4 screens
Forex Backtest4 screens

Verdict

The call

The clearest difference is rating: ThinkMarkets at 4.8 against Forex Backtest's 2.3. ThinkMarkets also leads on in-app purchases (none vs 10) and review sentiment (84% vs 57%). On price, update cadence and ads 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. ThinkMarkets asks for nothing beyond the download.

ReceptionRating · Positive reviews · Number of ratings

ThinkMarkets holds the better App Store score, 4.8 against 2.3. That said, the two scores are not equally well evidenced: ThinkMarkets has 797 ratings behind it against 6, so its average is the more settled of the two. Written reviews point the same way: 84% of ThinkMarkets's written reviews are positive against 57% of Forex Backtest's.

UpkeepUpdate frequency

Both ship on a similar rhythm, roughly every 5 days. The most recent releases landed on November 1, 2026 and November 4, 2026 respectively.

Scorecard7 real differences · 3 level
ThinkMarkets versus Forex Backtest: the parameters behind the verdict, then further details
ParameterThinkMarketsForex Backtest
PriceFreeFree
Rating4.8 (797 ratings) — better2.3 (6 ratings)
Positive reviews83.8% of reviews — better57.1% of reviews
Number of ratings797 — better6
Update frequencyEvery 5 daysEvery 5 days
AdsNoNo
In-app purchasesNo — betterYes
MonetizationFree — betterFree with in-app purchases
DevicesiPhone, iPad, iPod, Apple Watch — betteriPhone, iPad
Requires iOS15.0 — better17.6
Further details — not scored
Size144 MB131 MB
Age rating4+17+
DeveloperTF GLOBAL MARKETS (UK) LIMITEDKhoa Nguyen

Customer experience

ThinkMarkets

All ratings797 ratings
Positive94.9%
Neutral2.1%
Negative3.0%
Written reviews277 reviews
Positive83.8%
Neutral4.7%
Negative11.6%

Forex Backtest

All ratings6 ratings
Positive33.3%
Neutral0.0%
Negative66.7%
Written reviews7 reviews
Positive57.1%
Neutral0.0%
Negative42.9%

Bugs and requests

ThinkMarkets

Reported bugs

4 issues
  • Watchlists not working as expected
  • Lag and delays in chart updates
  • Compatibility issues with older iOS versions
  • Login screen freezes and crashes

Requested features

5 requests
  • Add more broker integrations
  • Improve alarm and alert functionality
  • Implement cloud sync and backup options
  • Add more chart types and customization tools
  • Introduce a dark mode option

Forex Backtest

Not enough reviews yet to summarise bugs or requests.

In-app purchases

None

ThinkMarkets

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 ThinkMarkets free?
ThinkMarkets is free to download, with no in-app purchases.
Is Forex Backtest free?
Forex Backtest is free to download, with in-app purchases available.
Which has better reviews, ThinkMarkets or Forex Backtest?
ThinkMarkets is rated higher. ThinkMarkets averages 4.8 out of 5 from 797 ratings, while Forex Backtest averages 2.3 from 6 ratings.
Do ThinkMarkets or Forex Backtest have ads?
Neither ThinkMarkets nor Forex Backtest shows ads.
Which is updated more often, ThinkMarkets or Forex Backtest?
ThinkMarkets ships an update every 5 days, and Forex Backtest every 5 days. Most recently, ThinkMarkets was updated on November 1, 2026 and Forex Backtest on November 4, 2026.

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