# MetaTrader 5 vs TradeLocker

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.

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.

## The numbers

| Metric | MetaTrader 5 | TradeLocker |
| --- | --- | --- |
| Price | Free | Free |
| Rating | **[4.8 (81K ratings)](https://appshunter.io/ios/app/metatrader-5/id413251709/reviews)** | [4.4 (2.8K ratings)](https://appshunter.io/ios/app/tradelocker/id6447196449/reviews) |
| Number of ratings | **81K** | 2.8K |
| Positive reviews | **90.0% of reviews** | 83.2% of reviews |
| In-app purchases | No | No |
| Ads | No | No |
| Update frequency | **Fortnightly** | Every 2 months |
| Monetization | Free | Free |
| Best chart rank | **#93** | — |
| Size | 34 MB | 6 MB |
| Requires iOS | 15.0 | 15.0 |
| Devices | iPhone, iPad, iPod | iPhone, iPad, iPod |
| Age rating | 4+ | 17+ |
| Developer | [MetaQuotes Software Corp.](https://appshunter.io/developer/413251712) | [TradeLocker Limited](https://appshunter.io/developer/1680556488) |

## What reviewers say

### MetaTrader 5

[App page](https://appshunter.io/ios/app/metatrader-5/id413251709)

**Currently charting:** #93 Top Free · Finance (US App Store)

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.

**Highlights:** 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

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

**In-app purchases:** none

**What reviewers like**

- 🚀 Fast and easy to use
- 👍 Smooth and intuitive interface
- 🚀 Silky smooth charts and navigation
- 👍 Comprehensive trading features
- 👍 Excellent platform for beginners and experienced traders

**What reviewers complain about**

- 🐛 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

**Reported bugs**

- Login issues and account blocking
- Disappearing indicators and objects on charts
- Inconsistent lot size display and calculation

**Requested features**

- 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

[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 MetaTrader 5 free?

MetaTrader 5 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, MetaTrader 5 or TradeLocker?

MetaTrader 5 is rated higher. MetaTrader 5 averages 4.8 out of 5 from 81K ratings, while TradeLocker averages 4.4 from 2.8K ratings.

### Do MetaTrader 5 or TradeLocker have ads?

Neither MetaTrader 5 nor TradeLocker shows ads.

### Which is updated more often, MetaTrader 5 or TradeLocker?

MetaTrader 5 ships an update fortnightly, and TradeLocker every 2 months. Most recently, MetaTrader 5 was updated on September 24, 2026 and TradeLocker on September 22, 2026.

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