MetaTrader 5 vs TradeLocker
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.
TradeLocker
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.
- 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
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TradeLocker is the next-gen day trading platform built by listening to the needs and preferences of over 2.5 million traders. It's designed to help both novice and experienced users make quick and accurate market decisions. Experience the future of trading with TradeLocker, featuring high-quality charts and indicators for well-informed decisions, advanced risk management tools such as stop loss and take profit features, and a versatile platform for trading anytime, anywhere, and on any device. TradeLocker Features: - TradingView Charting Gain access to hundreds of customizable charts and custom indicators with our TradingView integration. - Risk Calculator Set a SL price and specify the $ amount you are willing to risk and the platform will automatically calculate the order amount. - SL&TP Calculator Auto-calculate Stop Loss & Take Profit values in $, %, ticks or the market price. - Trailing Stop Loss Unlike a regular stop loss that remains at a set level, a trailing stop loss automatically adjusts if the trade moves in a favourable direction. - On-Chart Trading Execute trades directly on the chart for a more streamlined experience. - One-Click Trading Streamline your trading and open positions quicker with a single click. - Micro Lot Trading Trade a minimum lot size of 0.01 to spread high-volume trading risks. - Trader-Friendly Interface Easily navigate and perform trading activities on our clean, customizable and intuitive interface. - 500+ Trading Assets Choose your favorite instrument pairs, including Forex majors, crypto, stocks and shares, metals, indices and more. How to start using TradeLocker: Currently, TradeLocker is only accessible via a broker (both Demo and Live accounts) or through a prop firm challenge (Demo). Not sure which broker to use? Simply go to tradelocker.com, fill out a form and choose available brokers or prop firms. Once you've chosen a broker, select TradeLocker as your platform of choice and your broker will send you an email with your credentials. If you're ready to take your trading to the next level, download TradeLocker and join the future of trading. Let’s connect on Discord where you can chat with our team, discuss potential features, share feedback and exchange experiences with fellow traders. "Neither this app or its contents should be regarded as professional or financial advice. This app is a suite of trading tools, meant to be used in connection with an account held by a trader with their brokerage firm. If you intend on using this app for real trading, you should understand how various financial products work and the risks you will be undertaking on your own. By using this app you will have access to information of a general nature (i.e., that does not address the circumstances of any particular individual). If you require further information, or otherwise a more comprehensive or complete statement of the related matters and regulations, you should seek the advice of a lawyer, your brokerage firm, or from a licensed financial service provider before you start trading."
Screenshots
Verdict
The clearest difference is rating: MetaTrader 5 at 4.8 against TradeLocker's 4.4. MetaTrader 5 also leads on ratings volume (81K vs 2.8K) and update cadence (fortnightly vs every 2 months). On price, review sentiment, ads and in-app purchases 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 4.4. That said, the two scores are not equally well evidenced: MetaTrader 5 has 81K ratings behind it against 2.8K, so its average is the more settled of the two. Written reviews point the same way: 90% of MetaTrader 5's written reviews are positive against 83% of TradeLocker's.
MetaTrader 5 ships an update fortnightly, TradeLocker every 2 months. The most recent releases landed on September 24, 2026 and September 22, 2026 respectively.
| Parameter | MetaTrader 5 | TradeLocker |
|---|---|---|
| Price | Free | Free |
| Rating | 4.8 (81K ratings) — better | 4.4 (2.8K ratings) |
| Positive reviews | 90.0% of reviews — better | 83.2% of reviews |
| Number of ratings | 81K — better | 2.8K |
| Update frequency | Fortnightly — better | Every 2 months |
| Ads | No | No |
| In-app purchases | No | No |
| Monetization | Free | Free |
| Best chart rank | #90 — better | — |
| Devices | iPhone, iPad, iPod | iPhone, iPad, iPod |
| Requires iOS | 15.0 | 15.0 |
| Further details — not scored | ||
| Size | 34 MB | 6 MB |
| Age rating | 4+ | 17+ |
| Developer | MetaQuotes Software Corp. | TradeLocker Limited |
Customer experience
MetaTrader 5
TradeLocker
User reviews
MetaTrader 5
From 81K 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
TradeLocker
From 2.8K App Store ratingsWhat we love
- 🚀 Trading mechanics
- 👍 User-friendly interface
- 🚀 Integrated with TradingView
- 💡 Risk management features
- 🚀 Smooth execution
Room to improve
- 🐛 Occasional crashes and bugs
- 🐛 Connectivity issues
- 🐛 Delayed chart updates
- 🐛 Unexpected trade closures
- 🐛 Synchronization problems across devices
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
TradeLocker
Reported bugs
5 issues- 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
6 requests- 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
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- Faster server response times
In-app purchases
MetaTrader 5
No in-app purchases
TradeLocker
No in-app purchases
Questions
Is MetaTrader 5 free?
Is TradeLocker free?
Which has better reviews, MetaTrader 5 or TradeLocker?
Do MetaTrader 5 or TradeLocker have ads?
Which is updated more often, MetaTrader 5 or TradeLocker?
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