Comparison

ThinkTrader 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

ThinkTrader

This app provides a comprehensive mobile trading platform for CFDs and forex. Access global markets, analyze trends with advanced charting tools, and utilize exclusive trading features to make informed decisions. It's designed for traders on the go, offering a wide range of instruments and real-time market insights.

Highlights
  • Multi-asset trading platform
  • Advanced charting tools
  • 100+ technical indicators
  • 50+ drawing tools
  • Cloud-based alerts
  • Strategy backtesting
  • Trade setup scanner
Features
Read full description

ThinkTrader is a powerful CFD and forex trading app powered by ThinkMarkets, used by over 500,000 global traders. Join a global community using ThinkTrader to improve their analysis and make informed trading decisions. Access global markets from the palm of your hand with a fully-featured, multi-asset trading platform built for trading on the go. Download ThinkTrader to access up to 4,000 trading instruments across forex, indices, stocks, commodities, and more – all from one mobile trading app. Benefit from advanced charting and technical analysis tools: -Charts powered by TradingView -100+ popular technical indicators, including RSI, MACD, Moving Averages, and more -50+ drawing tools, including lines, channels, geometric shapes -10+ timeframes from 1-minute to 1-month -Receive cloud-based alerts – even when you are offline -View up to 4 charts on one screen -Close multiple positions with just one click -Create your own custom watchlists Plus other exclusive trading tools: -Traders’ Gym: Backtest trading strategies on historical data -Trend-Risk Scanner: Scan the markets for high probability trade setups -Real-time news: Stay informed with FX Wire Pro’s coverage ThinkMarkets is a trading name of the ThinkMarkets Group. ThinkMarkets Group comprises of a number of regulated legal entities. Trading involves risks. Please see our Full Risk Warning and Disclaimer.

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

ThinkTrader4 screens
Forex Backtest4 screens

Verdict

The call

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

ReceptionRating · Positive reviews · Number of ratings

ThinkTrader holds the better App Store score, 4.8 against 2.3. That said, the two scores are not equally well evidenced: ThinkTrader has 790 ratings behind it against 6, so its average is the more settled of the two. Written reviews point the same way: 84% of ThinkTrader's written reviews are positive against 57% of Forex Backtest's.

UpkeepUpdate frequency

ThinkTrader ships an update every 6 days, Forex Backtest every 5 days. The most recent releases landed on September 29, 2026 and October 1, 2026 respectively.

Scorecard6 real differences · 4 level
ThinkTrader versus Forex Backtest: the parameters behind the verdict, then further details
ParameterThinkTraderForex Backtest
PriceFreeFree
Rating4.8 (790 ratings) — better2.3 (6 ratings)
Positive reviews83.7% of reviews — better57.1% of reviews
Number of ratings790 — better6
Update frequencyEvery 6 daysEvery 5 days — better
AdsNoNo
In-app purchasesNo — betterYes
MonetizationFree with in-app purchasesFree with in-app purchases
DevicesiPhone, iPad, iPod, Apple Watch — betteriPhone, iPad
Requires iOS15.0 — better17.6
Further details — not scored
Size142 MB131 MB
Age rating4+17+
DeveloperTF GLOBAL MARKETS (UK) LIMITEDKhoa Nguyen

Customer experience

ThinkTrader

All ratings790 ratings
Positive94.9%
Neutral2.2%
Negative2.9%
Written reviews276 reviews
Positive83.7%
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

ThinkTrader

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

ThinkTrader

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 ThinkTrader free?
ThinkTrader 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, ThinkTrader or Forex Backtest?
ThinkTrader is rated higher. ThinkTrader averages 4.8 out of 5 from 790 ratings, while Forex Backtest averages 2.3 from 6 ratings.
Do ThinkTrader or Forex Backtest have ads?
Neither ThinkTrader nor Forex Backtest shows ads.
Which is updated more often, ThinkTrader or Forex Backtest?
ThinkTrader ships an update every 6 days, and Forex Backtest every 5 days. Most recently, ThinkTrader was updated on September 29, 2026 and Forex Backtest on October 1, 2026.

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