MetaTrader 5 vs TEFS Evolution
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, analyze with advanced 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.
- Real-time financial instrument quotes
- Full set of trade orders
- Advanced technical indicators
- Interactive real-time charts
- Financial news and trader chats
- Demo and live trading
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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.
TEFS Evolution
This finance app offers secure and intuitive access to your accounts with a single login. It provides advanced charting tools and real-time market data for informed financial decisions.
- Single login account access
- Advanced charting tools
- Real-time market data
- Secure and intuitive interface
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TEFS Evolution App for IOS - Secure, Accurate and Intuitive. - Single login instant account access - Advanced charting tools - Real-time market data
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Verdict
The clearest difference is review sentiment: MetaTrader 5 at 89% against TEFS Evolution's 25%. MetaTrader 5 also leads on rating (4.8 vs 2.3) and ratings volume (86K vs 3). 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 holds the better App Store score, 4.8 against 2.3. That said, the two scores are not equally well evidenced: MetaTrader 5 has 86K ratings behind it against 3, so its average is the more settled of the two. Written reviews point the same way: 89% of MetaTrader 5's written reviews are positive against 25% of TEFS Evolution's.
MetaTrader 5 ships an update fortnightly, TEFS Evolution every 3 months. The most recent releases landed on November 1, 2026 and October 24, 2026 respectively.
| Parameter | MetaTrader 5 | TEFS Evolution |
|---|---|---|
| Price | Free | Free |
| Rating | 4.8 (86K ratings) — better | 2.3 (3 ratings) |
| Positive reviews | 88.7% of reviews — better | 25.0% of reviews |
| Number of ratings | 86K — better | 3 |
| Update frequency | Fortnightly — better | Every 3 months |
| Ads | No | No |
| In-app purchases | No | No |
| Monetization | Free | Free |
| Best chart rank | #123 — better | — |
| Devices | iPhone, iPad, iPod | iPhone, iPad, iPod |
| Requires iOS | 15.0 | 14.0 — better |
| Further details — not scored | ||
| Size | 35 MB | 54 MB |
| Age rating | 4+ | 17+ |
| Developer | MetaQuotes Software Corp. | TEFS Marketing Management LLC |
Customer experience
MetaTrader 5
TEFS Evolution
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
TEFS Evolution
Not enough reviews yet to summarise bugs or requests.
In-app purchases
MetaTrader 5
No in-app purchases
TEFS Evolution
No in-app purchases
Questions
Is MetaTrader 5 free?
Is TEFS Evolution free?
Which has better reviews, MetaTrader 5 or TEFS Evolution?
Do MetaTrader 5 or TEFS Evolution have ads?
Which is updated more often, MetaTrader 5 or TEFS Evolution?
Other comparisons
