# OANDA vs TradeLocker

The clearest difference is monetization model: TradeLocker at free against OANDA's free with in-app purchases. TradeLocker also leads on review sentiment (83% vs 64%). OANDA's advantage is rating (4.7 vs 4.4) and update cadence (every 2 weeks vs every 2 months). On price, ads, in-app purchases and device support there is nothing between them.

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

OANDA holds the better App Store score, 4.7 against 4.4. That said, the two scores are not equally well evidenced: OANDA has 24K ratings behind it against 2.8K, so its average is the more settled of the two. Written reviews complicate that: 64% of OANDA's written reviews are positive against 83% of TradeLocker's, so the app with the better star average is not the one people write more warmly about.

OANDA ships an update every 2 weeks, TradeLocker every 2 months. The most recent releases landed on September 24, 2026 and September 22, 2026 respectively.

## The numbers

| Metric | OANDA | TradeLocker |
| --- | --- | --- |
| Price | Free | Free |
| Rating | **[4.7 (24K ratings)](https://appshunter.io/ios/app/oanda-forex-trading/id370922777/reviews)** | [4.4 (2.8K ratings)](https://appshunter.io/ios/app/tradelocker/id6447196449/reviews) |
| Number of ratings | **24K** | 2.8K |
| Positive reviews | 64.0% of reviews | **83.2% of reviews** |
| In-app purchases | No | No |
| Ads | No | No |
| Update frequency | **Every 2 weeks** | Every 2 months |
| Monetization | Free with in-app purchases | **Free** |
| Size | 172 MB | 6 MB |
| Requires iOS | 15.0 | 15.0 |
| Devices | iPhone, iPad, iPod | iPhone, iPad, iPod |
| Age rating | 4+ | 17+ |
| Developer | [OANDA Corporation](https://appshunter.io/developer/326884238) | [TradeLocker Limited](https://appshunter.io/developer/1680556488) |

## What reviewers say

### OANDA

[App page](https://appshunter.io/ios/app/oanda-forex-trading/id370922777)

Trade major and minor forex pairs on the go with instant quotes and free charting. Customize your platform for real-time notifications, risk management, and profitability monitoring. Stay updated with market news and analysis from a regulated global broker.

**Highlights:** Trade major and minor forex pairs, Instant quotes and free charting, Real-time notifications and risk management, Over 50 technical tools, Market signals and global newsfeeds, Fast order execution

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

**In-app purchases:** none

**What reviewers like**

- 🚀 Easy to use
- 👍 User-friendly interface
- 🚀 Smooth execution
- 🚀 Convenient mobile trading
- 👍 Great charting features

**What reviewers complain about**

- 🐛 Frequent crashes
- 🐛 Unreliable price alerts
- 🐛 Slow app performance
- 🐛 Inconsistent login issues
- 🐛 Withdrawal difficulties

**Reported bugs**

- Freezing on login screen
- Incorrect price data displayed
- Disappearing trade history
- Incompatibility with newer iOS versions
- Unreliable push notifications

**Requested features**

- Add price alert functionality
- Improve chart customization options
- Implement a dark mode theme
- Streamline withdrawal process
- Enhance portfolio tracking and reporting


### TradeLocker

[App page](https://appshunter.io/ios/app/tradelocker/id6447196449)

This next-generation trading platform offers advanced charting, risk management tools, and a user-friendly interface for both novice and experienced traders. Make quick, informed decisions with access to over 500 trading assets across various markets.

**Highlights:** TradingView charting with custom indicators, Automated risk and Stop Loss/Take Profit calculation, Trailing stop loss functionality, On-chart and one-click trading, Micro lot trading, Access to 500+ trading assets

**Features:** Vision Pro support

**In-app purchases:** none

**What reviewers like**

- 🚀 Trading mechanics
- 👍 User-friendly interface
- 🚀 Integrated with TradingView
- 💡 Risk management features
- 🚀 Smooth execution

**What reviewers complain about**

- 🐛 Occasional crashes and bugs
- 🐛 Connectivity issues
- 🐛 Delayed chart updates
- 🐛 Unexpected trade closures
- 🐛 Synchronization problems across devices

**Reported bugs**

- Frequent app crashes and log-outs
- Incorrect price data and trade execution
- Disappearing stop losses and take profits
- Delayed chart loading and updates
- Synchronization issues across devices

**Requested features**

- Landscape mode on mobile
- Enhanced alerts and notifications system
- Option to view multiple charts simultaneously
- Ability to secure partial profits automatically
- Improved drawing tools and templates


## Frequently asked questions

### Is OANDA free?

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

### Is TradeLocker free?

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

### Which has better reviews, OANDA or TradeLocker?

OANDA is rated higher. OANDA averages 4.7 out of 5 from 24K ratings, while TradeLocker averages 4.4 from 2.8K ratings.

### Do OANDA or TradeLocker have ads?

Neither OANDA nor TradeLocker shows ads.

### Which is updated more often, OANDA or TradeLocker?

OANDA ships an update every 2 weeks, and TradeLocker every 2 months. Most recently, OANDA was updated on September 24, 2026 and TradeLocker on September 22, 2026.

---

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