Comparison

MetaTrader 5 vs Setup Ai

Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.

Head to head
About

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.

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
Currently charting
Read full description

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.

About

Setup Ai

This app uses AI to analyze financial charts for forex, crypto, and stocks, providing plain-language explanations of price movements and trade plans. It includes economic news and a macroeconomic calendar to help users make informed trading decisions.

Highlights
  • AI chart analysis for forex, crypto, stocks
  • Plain-language read-outs of price action
  • Trade plans with entry, stop loss, and target
  • Real-time US dollar news updates
  • Macroeconomic calendar
  • Trading courses from basics to strategies
Features
Read full description

Setup Ai reads a price chart the way an analyst would, and says what it sees in plain words. Pick an instrument and in a few seconds the AI reads the 4-hour, 1-hour and 15-minute charts and answers in plain words: what the price is doing, where to enter and why there. The trade plan is drawn on the chart - entry, stop loss and target, each with the distance from the current price. When there is no clear entry, the read-out says so. WHAT IS INSIDE • Read-out of any instrument: forex, crypto, stocks - more than 1,000 in the catalogue • Trade plan on the chart: entry, stop and target • Important US dollar news for the next 24 hours, right under the read-out • Macroeconomic calendar, so a release does not catch you inside a position • Courses from the basics to strategies, written for reading rather than watching HOW IT WORKS Candles and indicators are calculated by code from market data. The AI looks at three charts the way a trader would, picks the entry and the stop and explains the decision without jargon. The program keeps the stop at about one and a half 15-minute candles and sets the target at exactly two stops. HONESTLY The app does not execute trades, is not a broker and does not hold client funds. It gives no personalised investment advice. Trading on financial markets carries a risk of losing your capital, and past results of any signal do not guarantee future returns. The decision is always yours. SUBSCRIPTION PRO opens unlimited read-outs, the full trade plan and all courses. Weekly or monthly, with three free days on the weekly plan for those who have not subscribed before. The subscription renews automatically; it can be cancelled at any time in Apple ID settings. Terms of Use: https://sites.google.com/view/setupaitos Privacy Policy: https://sites.google.com/view/setupaipk

Screenshots

MetaTrader 54 screens
Setup Ai4 screens

Verdict

The call

MetaTrader 5 and Setup Ai both sit at 4.8 stars, but that hides the real split: 88% of MetaTrader 5's written reviews are positive against 0% of Setup Ai's. MetaTrader 5 also leads on in-app purchases (none vs 2) and ratings volume (85K vs 4). Setup Ai's advantage is update cadence (every 2 days vs fortnightly). On price, rating, ads 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

CostPrice · In-app purchases · Ads · Monetization

Both are free to download. Setup Ai sells 2 in-app purchases, starting at $8.99 per 7 days. MetaTrader 5 asks for nothing beyond the download.

ReceptionRating · Positive reviews · Number of ratings

On the App Store both sit at effectively the same score — 4.8 for MetaTrader 5 against 4.8 for Setup Ai. That said, the two scores are not equally well evidenced: MetaTrader 5 has 85K ratings behind it against 4, so its average is the more settled of the two. Written reviews are what separate them: 88% of MetaTrader 5's written reviews are positive against 0% of Setup Ai's.

UpkeepUpdate frequency

MetaTrader 5 ships an update fortnightly, Setup Ai every 2 days. The most recent releases landed on October 15, 2026 and October 9, 2026 respectively.

Scorecard6 real differences · 5 level
MetaTrader 5 versus Setup Ai: the parameters behind the verdict, then further details
ParameterMetaTrader 5Setup Ai
PriceFreeFree
Rating4.8 (85K ratings)4.8 (4 ratings)
Positive reviews88.5% of reviews — better0.0% of reviews
Number of ratings85K — better4
Update frequencyFortnightlyEvery 2 days — better
AdsNoNo
In-app purchasesNo — betterYes
MonetizationFree — betterFreemium
Best chart rank#100 — better—
DevicesiPhone, iPad, iPod — betteriPhone, iPod
Requires iOS15.0 — better15.1
Further details — not scored
Size34 MB63 MB
Age rating4+17+
DeveloperMetaQuotes Software Corp.Tolebi Turekanov

Customer experience

MetaTrader 5

All ratings84,628 ratings
Positive95.4%
Neutral2.1%
Negative2.5%
Written reviews8,668 reviews
Positive88.5%
Neutral2.3%
Negative9.2%

Setup Ai

All ratings4 ratings
Positive100.0%
Neutral0.0%
Negative0.0%
Written reviews1 reviews
Positive0.0%
Neutral0.0%
Negative100.0%

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

Setup Ai

Not enough reviews yet to summarise bugs or requests.

In-app purchases

None

MetaTrader 5

No in-app purchases

2 purchases

Setup Ai

Subscriptions2
  • PRO — Weekly$8.997 Days
  • PRO Monthly3 Days trial$17.991 Month

Questions

Is MetaTrader 5 free?
MetaTrader 5 is free to download, with no in-app purchases.
Is Setup Ai free?
Setup Ai is free to download, with in-app purchases available.
Which has better reviews, MetaTrader 5 or Setup Ai?
MetaTrader 5 and Setup Ai are both rated 4.8 out of 5 on the App Store, from 85K and 4 ratings respectively.
Do MetaTrader 5 or Setup Ai have ads?
Neither MetaTrader 5 nor Setup Ai shows ads.
Which is updated more often, MetaTrader 5 or Setup Ai?
MetaTrader 5 ships an update fortnightly, and Setup Ai every 2 days. Most recently, MetaTrader 5 was updated on October 15, 2026 and Setup Ai on October 9, 2026.

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