Comparison

MetaTrader 4 vs DecodeFX

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

Head to head
About

MetaTrader 4

Trade currency markets and analyze quotes with real-time data and advanced charting tools. Perform trading operations, manage orders, and access financial news. Connect to hundreds of brokers for a comprehensive trading experience.

Highlights
  • Real-time currency quotes
  • Full set of trade orders
  • High-performance interactive charts
  • 30 technical indicators
  • 24 analytical objects
  • Financial news and sound notifications
  • Secure chats with other traders
Features
Read full description

Connect to hundreds of brokers and trade on currency markets from the MetaTrader 4 for iPhone or iPad! The mobile trading platform allows you to perform trading operations and analyze currency quotes using technical indicators and graphical objects. 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 • Trading from charts in iPad • 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 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 on 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 4 and trade on currency 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 4 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 4 platform servers and databases managed by financial companies.

About

DecodeFX

This platform offers global trading in forex, CFDs on indices, stocks, cryptocurrencies, and commodities. It features copy trading, allowing users to follow or provide trading strategies. Manage funds easily with convenient deposits, withdrawals, and currency exchange.

Highlights
  • Forex trading
  • CFD trading on indices, stocks, crypto, commodities
  • Copy trading functionality
  • Multiple deposit and withdrawal channels
  • Cryptocurrency deposits accepted
  • Fund transfers and currency exchange
Features
Read full description

Welcome to a new era of global trading. DecodeFX is a professional trading platform offering forex and a diverse range of contracts for difference (CFD) products across indices, stocks, cryptocurrencies, and commodities, with copy trading through live trading accounts. Trade smarter, diversify more efficiently Seamlessly switch between multiple asset classes: Forex: Trade a variety of currency pairs with flexibility and explore opportunities across global forex markets. Indices: Trade major global stock indices with the flexibility to go long or short. Stocks: Trade CFDs on selected popular large-cap US stocks spanning major industries. Commodities: Explore trading opportunities in gold, crude oil, and other commodities across diverse markets. Cryptocurrencies: Trade CFDs on major cryptocurrencies and expand your trading choices. Key Advantages Diverse Products: Access trading products across forex, indices, stocks, precious metals, and cryptocurrencies for more investment choices. Convenient Deposits and Withdrawals: Deposit and withdraw through multiple channels to meet your trading funding needs. Cryptocurrency Deposits: Deposit using cryptocurrencies to fund your trading. Fund Transfers: Manage your trading funds flexibly with transfers for trading-related purposes. Currency Exchange: Conveniently exchange currencies for trading across multiple markets. Copy Trading: Choose strategies you want to follow and trade forex and CFDs through a live account, or become a strategy provider and let other users follow your trading decisions.

Screenshots

MetaTrader 44 screens
DecodeFX4 screens

Verdict

The call

The clearest difference is update cadence: DecodeFX at weekly against MetaTrader 4's every 2 months. DecodeFX also leads on rating (5.0 vs 4.8). MetaTrader 4's advantage is ratings volume (82K vs 1) and iOS requirement (13.0 vs 15.0). On price, ads, in-app purchases and monetization model 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. Neither carries in-app purchases, so what you see is what you pay.

ReceptionRating · Positive reviews · Number of ratings

DecodeFX holds the better App Store score, 5.0 against 4.8. That said, the two scores are not equally well evidenced: MetaTrader 4 has 82K ratings behind it against 1, so its average is the more settled of the two.

UpkeepUpdate frequency

MetaTrader 4 ships an update every 2 months, DecodeFX weekly. The most recent releases landed on October 31, 2026 and October 28, 2026 respectively.

Scorecard4 real differences · 6 level
MetaTrader 4 versus DecodeFX: the parameters behind the verdict, then further details
ParameterMetaTrader 4DecodeFX
PriceFreeFree
Rating4.8 (82K ratings)5.0 (1 ratings) — better
Positive reviews93.4% of reviews—
Number of ratings82K — better1
Update frequencyEvery 2 monthsWeekly — better
AdsNoNo
In-app purchasesNoNo
MonetizationFreeFree
DevicesiPhone, iPad, iPod — betteriPhone, iPod
Requires iOS13.0 — better15.0
Further details — not scored
Size21 MB109 MB
Age rating4+9+
DeveloperMetaQuotes Software Corp.Decode Digital Markets USA Inc.

Customer experience

MetaTrader 4

All ratings81,317 ratings
Positive96.1%
Neutral1.8%
Negative2.1%
Written reviews2,317 reviews
Positive93.4%
Neutral2.1%
Negative4.5%

DecodeFX

All ratings1 ratings
Positive100.0%
Neutral0.0%
Negative0.0%

Bugs and requests

MetaTrader 4

Reported bugs

3 issues
  • Chart customizations and drawings disappearing when switching accounts or restarting the app
  • Occasional freezing or lagging of the app
  • Inconsistent behavior when accidentally switching between buy and sell orders

Requested features

5 requests
  • Add more technical indicators
  • Allow setting parameters for trades and saving them for quick execution
  • Prevent loss of chart customizations and drawings when switching between accounts
  • Add price alerts and push notifications
  • Improve ability to adjust stop loss and take profit levels directly on the chart

DecodeFX

Not enough reviews yet to summarise bugs or requests.

In-app purchases

None

MetaTrader 4

No in-app purchases

None

DecodeFX

No in-app purchases

Questions

Is MetaTrader 4 free?
MetaTrader 4 is free to download, with no in-app purchases.
Is DecodeFX free?
DecodeFX is free to download, with no in-app purchases.
Which has better reviews, MetaTrader 4 or DecodeFX?
DecodeFX is rated higher. MetaTrader 4 averages 4.8 out of 5 from 82K ratings, while DecodeFX averages 5.0 from 1 ratings.
Do MetaTrader 4 or DecodeFX have ads?
Neither MetaTrader 4 nor DecodeFX shows ads.
Which is updated more often, MetaTrader 4 or DecodeFX?
MetaTrader 4 ships an update every 2 months, and DecodeFX weekly. Most recently, MetaTrader 4 was updated on October 31, 2026 and DecodeFX on October 28, 2026.

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