MetaTrader 5 vs ITRADE
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
MetaTrader 5
Access real-time financial market data, perform technical analysis with advanced charting tools, and execute trades directly from your mobile device. Connect to hundreds of brokers for both demo and live trading, and stay informed with financial news and trader chats.
- Real-time financial instrument quotes
- Full set of trade orders
- Advanced charting with 30+ technical indicators
- Interactive price charts
- Financial news and trader chats
- Demo and live trading capabilities
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Connect to hundreds of brokers and trade in financial markets using MetaTrader 5 for iPhone and iPad. The mobile trading platform allows you to receive quotes of financial instruments, analyze markets using charts and technical indicators, perform demo trades, connect to brokers for live trading and view the history of trading operations. Risk Warning: Our programs may involve real trading with a high risk of losing money rapidly. Most retail investor accounts lose money when trading financial products. You should consider whether you understand how various financial products work and whether you can afford to take the high risk of losing money. TRADING • Real-time quotes of financial instruments • Full set of trade orders, including pending orders • Depth of Market (Level 2) • All types of trade execution • Complete trading history ADVANCED FUNCTIONALITY • High-performance charts • Customizable chart color scheme • Configuring properties of graphical objects and indicators • Display of four charts in one window available on the MetaTrader 5 for iPad • Trade levels visualizing the prices of pending order, as well as SL and TP values on the chart • Information window that displays orders, trading history, emails, news, and logs in MetaTrader 5 iPad • Sound notifications • Financial news — dozens of materials daily • Secure and fast chats with other traders, creation of group chats and channels • Support for push-notifications from the desktop platform and MQL5.community services TECHNICAL ANALYSIS • Interactive real-time price charts with zoom and scroll options • 30 most popular technical indicators • 24 analytical objects: lines, channels, geometric shapes, as well as Gann, Fibonacci and Elliott tools • 9 timeframes: M1, M5, M15, M30, H1, H4, D1, W1 and MN • 3 types of charts: bars, Japanese candlesticks and broken line Download MetaTrader 5, connect to a broker and trade in financial markets! To trade using real money, you need to open a real trading account by entering into a separate agreement with a financial company (broker), which has installed the server component of the MetaTrader 5 trading platform and has the appropriate permissions to provide financial trading service in their respective country. MetaQuotes is a software company and does not provide financial services, nor it has access to MetaTrader 5 platform servers and databases managed by financial companies.
ITRADE
Access live streaming prices, trade across multiple Indian exchanges, and utilize advanced charting tools. Manage your portfolio, receive personalized trade notifications, and access in-depth research reports and advisory calls.
- Live streaming prices and quotes
- Multi-exchange trading (BSE, NSE, MCX, NCDEX)
- Intraday and historical charts with indicators
- Fund transfers via online payment
- Personalized trade and market alerts
- Research reports and advisory calls
- Portfolio tracking (Equity, Mutual Funds, Derivatives)
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• Get live streaming prices alongwith live best quotes. • Trade live across all exchanges and segments of BSE, NSE, MCX and NCDEX. • Use Intraday and historical charts with Indicators and direct order placement. • Make quick and easy fund transfer through online payment. • Create Multiple Watch lists across segments. • Now receive personalized notifications for trades and ideas. Receive market alerts to keep you up to date with Markets. • Access in-depth research reports of Indian listed companies and IPOs. • View and receive prompt notifications for advisory calls and detailed research reports. • View Market Trends and Indices updates to help you keep a tab on every movement in the market. • Track your basic portfolio / holdings of Equity and Mutual funds alongwith your derivatives positions. • Use our exhaustive chart component along with technical chart indicators and overlays to help you analyze each and every aspect of the stocks. • Set alerts for your favourite stocks and receive notifications. • Get prompt trade notifications for all your transactions carried out across any trading platform including offline trades.
Screenshots
Verdict
The clearest difference is review sentiment: MetaTrader 5 at 89% against ITRADE's 50%. MetaTrader 5 also leads on update cadence (fortnightly vs every 9 months) and chart position (#129 vs unranked). On price, ads, in-app purchases 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
Both are free to download. Neither carries in-app purchases, so what you see is what you pay.
MetaTrader 5 ships an update fortnightly, ITRADE every 9 months. The most recent releases landed on November 3, 2026 and October 29, 2026 respectively.
| Parameter | MetaTrader 5 | ITRADE |
|---|---|---|
| Price | Free | Free |
| Rating | 4.8 (86K ratings) — better | — |
| Positive reviews | 88.7% of reviews — better | 50.0% of reviews |
| Number of ratings | 86K — better | — |
| Update frequency | Fortnightly — better | Every 9 months |
| Ads | No | No |
| In-app purchases | No | No |
| Monetization | Free | Free |
| Best chart rank | #129 — better | — |
| Devices | iPhone, iPad, iPod | iPhone, iPad, iPod |
| Requires iOS | 15.0 | 14.0 — better |
| Further details — not scored | ||
| Size | 35 MB | 122 MB |
| Age rating | 4+ | 17+ |
| Developer | MetaQuotes Software Corp. | SSJ FINANCE |
Customer experience
MetaTrader 5
ITRADE
Bugs and requests
MetaTrader 5
Reported bugs
3 issues- Login issues and account blocking
- Disappearing indicators and objects on charts
- Inconsistent lot size display and calculation
Requested features
5 requests- Add time remaining indicator for different timeframes
- Ability to export trade history
- Option to customize chart background color
- Implement trailing stop loss feature on mobile
- Add alerts and notifications for price levels
ITRADE
Not enough reviews yet to summarise bugs or requests.
In-app purchases
MetaTrader 5
No in-app purchases
ITRADE
No in-app purchases
Questions
Is MetaTrader 5 free?
Is ITRADE free?
Do MetaTrader 5 or ITRADE have ads?
Which is updated more often, MetaTrader 5 or ITRADE?
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