MetaTrader 5 vs Trading Lab
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
MetaTrader 5
Access financial markets and trade various instruments with real-time quotes and advanced charting tools. Analyze markets using technical indicators, perform demo trades, and manage your complete trading history. Connect to hundreds of brokers for live trading.
- Real-time financial instrument quotes
- Full set of trade orders
- High-performance interactive charts
- 30 technical indicators
- 24 analytical objects
- Complete trading history
- Live and demo 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.
Trading Lab
Practice trading with historical market data across stocks, forex, and crypto. Analyze performance with advanced indicators and charts, and utilize dynamic playback for realistic training. Offers a variety of trading tools and order types for comprehensive practice.
- Historical data playback
- Multi-market symbols
- Full timeframes support
- High-performance indicators and charts
- Dynamic market replay
- Advanced trading tools
- Template function for indicators
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Now it supports iPhone, iPad and Mac. The trading lab is a trading review and training app designed to provide users with a trading training environment based on historical data playback. Main features: multi market symbols, high-quality historical data, full timeframes, high-performance indicators and charts, dynamic market playback, convenient and efficient trading tools. Function list: ◆ Multiple market symbols ◆ High quality historical data ◆ Full time timeframes All timeframes are supported, including 1 minute, 2 minutes, 3 minutes, 4 minutes, 5 minutes, 6 minutes, 10 minutes, 12 minutes, 15 minutes, 20 minutes, 30 minutes, 1 hour, 2 hours, 3 hours, 4 hours, 6 hours, 8 hours, 12 hours, day, week, month, quarter, half a year, and year. ◆ High performance indicators and charts ◆ Template function Tips: You can save indicator combination and color matching as templates to facilitate switching between different combination schemes ◆ Dynamic market replay 1. Support automatic playback and manual playback 2. Support setting playback speed 3. Support setting playback step 4. Support fast jump of date ◆ Convenient and efficient trading tools 1. Support market buy, market sell, buy limit, sell limit, buy stop, sell stop 2. Support one click market price order transaction 3. Support menu quick transaction 4. Support panel line drawing transaction 5. Support trailing stop Both the market order and the pending order support the setting of trailing stop. After the position is generated, the trailing stop is activated according to the trigger conditions. 6. Support group orders ------------------------------------------------------------------------------------------------------------------------------------------------------------ Subscription information • You can select two subscription options: Pro Monthly User and Pro Annual User. • The monthly user of Pro updates every 31 days, and the annual user of Pro updates every 12 months. During the subscription period, you can use various transaction varieties and tools without restriction. • Subscription costs $3.99 per month and $39.99 per year. • After the purchase is confirmed, the payment will be made to the iTunes account. • The subscription will be automatically renewed unless automatic renewal is turned off at least 24 hours before the end of the current period. • The account will be renewed within 24 hours before the end of the current period, and the cost of renewal will be determined. • Users can manage subscriptions, and automatically renew can be turned off by going to the user's account settings after purchase. • If any unused part of the free trial period is provided, it will be confiscated when the user purchases the subscription. • Users can manage subscriptions, go to their iTunes account settings after purchase, and turn off automatic renewal. • You can unsubscribe or free trial at any time through subscription settings through your iTunes account (go to Device Settings, and then click iTunes Account Apple ID>View Apple ID>Enter Password>Subscribe>Assembly>Unsubscribe button). At least 24 hours before the end of the free trial period or subscription period to avoid charges. Learn more: http://support.apple.com/kb/ht4098 Service Agreement: https://www.apple.com/legal/internet-services/itunes/dev/stdeula/ Privacy terms: http://xmacd.com/privacypolicy.html • Contact us Customer service email: tradingstarapp@hotmail.com
Screenshots
Verdict
The clearest difference is rating: MetaTrader 5 at 4.8 against Trading Lab's 4.1. MetaTrader 5 also leads on in-app purchases (none vs 3) and review sentiment (89% vs 60%). Trading Lab's advantage is update cadence (every 5 days vs fortnightly). On price, ads, device support and iOS requirement 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. Trading Lab sells 3 in-app purchases, starting at $5.99 per month. MetaTrader 5 asks for nothing beyond the download.
MetaTrader 5 holds the better App Store score, 4.8 against 4.1. That said, the two scores are not equally well evidenced: MetaTrader 5 has 86K ratings behind it against 14, 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 60% of Trading Lab's.
MetaTrader 5 ships an update fortnightly, Trading Lab every 5 days. The most recent releases landed on October 30, 2026 and October 25, 2026 respectively.
| Parameter | MetaTrader 5 | Trading Lab |
|---|---|---|
| Price | Free | Free |
| Rating | 4.8 (86K ratings) — better | 4.1 (14 ratings) |
| Positive reviews | 88.7% of reviews — better | 59.7% of reviews |
| Number of ratings | 86K — better | 14 |
| Update frequency | Fortnightly | Every 5 days — better |
| Ads | No | No |
| In-app purchases | No — better | Yes |
| Monetization | Free — better | Subscription |
| Best chart rank | #113 — better | — |
| Devices | iPhone, iPad, iPod | iPhone, iPad, iPod, Mac — better |
| Requires iOS | 15.0 | 15.0 |
| Further details — not scored | ||
| Size | 34 MB | 3.7 GB |
| Age rating | 4+ | 4+ |
| Developer | MetaQuotes Software Corp. | 菁晶 王 |
Customer experience
MetaTrader 5
Trading Lab
User reviews
MetaTrader 5
From 86K App Store ratingsWhat we love
- 🚀 Fast and easy to use
- 👍 Smooth and intuitive interface
- 🚀 Silky smooth charts and navigation
- 👍 Comprehensive trading features
- 👍 Excellent platform for beginners and experienced traders
Room to improve
- 🐛 Occasional freezing or disappearing of the app
- 🐛 Inconsistent pricing data compared to other platforms
- 🐛 Difficulty adjusting stop loss and take profit levels precisely
- 🐛 Confusing time zone settings
- 🐛 Slow server connection at times
Trading Lab
From 14 App Store ratingsWhat we love
- 👍 Great for backtesting
- 👍 Good for practice
- 👍 Useful for market review
- 👍 Clear technical indicators
- 👍 Good for futures and forex training
Room to improve
- 🐌 Painfully slow to download/load
- 🐌 Slow screen transitions
- 💰 Too expensive / requires premium
- 🚫 No obvious way to trade crypto
- 🚫 Not user-friendly
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
Trading Lab
Reported bugs
12 issues- Slow download and screen changes
- Crypto trading not functional/advertised
- App crashes frequently
- Drawing tools disappear when changing timeframes
- External monitor display issues
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- Inaccurate simulation balance
- Historical data synchronization issues
- Add template often fails
- External monitor issues
- Charts not properly displayed
- External monitor issues
- External monitor issues
Requested features
15 requests- Add A-share data
- Add more drawing tools (Fibonacci, etc.)
- Support US ETFs (leveraged ETFs)
- Allow importing individual stock data
- Add crypto (BTC, ETH) support
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- Add timezone support
- Improve drawing tool persistence across timeframes
- Add session feature (London, New York)
- Flexible time adjustment (GTM +/-)
- Redesign time frame switching
- Add user notes/instructions
- Add statistical analysis on account transaction details
- Add ability to switch instruments
- Add Chinese futures data
- Add a buy-out option instead of subscription
In-app purchases
MetaTrader 5
No in-app purchases
Trading Lab
- Pro Monthly User$5.991 Month
- Pro Yearly User$19.991 Year
- Pro Permanently User$44.99
Questions
Is MetaTrader 5 free?
Is Trading Lab free?
Which has better reviews, MetaTrader 5 or Trading Lab?
Do MetaTrader 5 or Trading Lab have ads?
Which is updated more often, MetaTrader 5 or Trading Lab?
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