MetaTrader 5 vs Trading Simulator
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 Simulator
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Trading Simulator – Learn & Practice Trading Risk-Free Learn how trading works in a safe and fully simulated environment. FEATURES: Start with a demo balance Simulated trading across multiple markets Interactive charts and price movements Missions, achievements and leaderboard Progression system with levels and rewards Strategy testing in a risk-free environment 100% SIMULATION: No real money involved No real cryptocurrency transactions No connection to any blockchain network All values are virtual and for educational purposes only PERFECT FOR: Beginners learning how trading works Users who want to practice strategies Educational use DISCLAIMER: This app is a simulation game designed for educational purposes only. It does not offer real trading, financial services, or investment functionality.
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Verdict
The clearest difference is ratings volume: MetaTrader 5 at 86K against Trading Simulator's 1. MetaTrader 5 also leads on update cadence (fortnightly vs every 5 weeks) and chart position (#130 vs unranked). Trading Simulator's advantage is rating (5.0 vs 4.8). On price, ads, in-app purchases and device support 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.
Trading Simulator holds the better App Store score, 5.0 against 4.8. That said, the two scores are not equally well evidenced: MetaTrader 5 has 86K ratings behind it against 1, so its average is the more settled of the two.
MetaTrader 5 ships an update fortnightly, Trading Simulator every 5 weeks. The most recent releases landed on October 27, 2026 and October 24, 2026 respectively.
| Parameter | MetaTrader 5 | Trading Simulator |
|---|---|---|
| Price | Free | Free |
| Rating | 4.8 (86K ratings) | 5.0 (1 ratings) — better |
| Positive reviews | 88.6% of reviews | — |
| Number of ratings | 86K — better | 1 |
| Update frequency | Fortnightly — better | Every 5 weeks |
| Ads | No | No |
| In-app purchases | No | No |
| Monetization | Free | — |
| Best chart rank | #130 — better | — |
| Devices | iPhone, iPad, iPod | iPhone, iPad, iPod |
| Requires iOS | 15.0 — better | 15.1 |
| Further details — not scored | ||
| Size | 34 MB | 38 MB |
| Age rating | 4+ | 17+ |
| Developer | MetaQuotes Software Corp. | Manjot Singh |
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 Simulator
Not enough reviews yet to summarise bugs or requests.
In-app purchases
MetaTrader 5
No in-app purchases
Trading Simulator
No in-app purchases
Questions
Is MetaTrader 5 free?
Is Trading Simulator free?
Which has better reviews, MetaTrader 5 or Trading Simulator?
Do MetaTrader 5 or Trading Simulator have ads?
Which is updated more often, MetaTrader 5 or Trading Simulator?
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