# Chart Master vs Formiq

The clearest difference is ads: Formiq at none against Chart Master's shown. Formiq also leads on update cadence (every 5 days vs every 6 weeks) and rating (5.0 vs 4.8). Chart Master's advantage is ratings volume (16 vs 2) and device support (3 vs 1). On price, in-app purchases and monetization model there is nothing between them.

Both are free to download. Chart Master sells 5 in-app purchases, starting at $0.99 per 7 days and Formiq sells 2 in-app purchases, starting at $19.99 per month. Whichever you choose, the download price is not the number that matters.

Formiq holds the better App Store score, 5.0 against 4.8. That said, the two scores are not equally well evidenced: Chart Master has 16 ratings behind it against 2, so its average is the more settled of the two.

Chart Master ships an update every 6 weeks, Formiq every 5 days. The most recent releases landed on October 3, 2026 and October 9, 2026 respectively.

## The numbers

| Metric | Chart Master | Formiq |
| --- | --- | --- |
| Price | Free | Free |
| Rating | [4.8 (16 ratings)](https://appshunter.io/ios/app/chart-master-trading-simulator/id6448449756/reviews) | **[5.0 (2 ratings)](https://appshunter.io/ios/app/formiq-fx-backtest-tester/id6759964075/reviews)** |
| Number of ratings | **16** | 2 |
| Positive reviews | 100.0% of reviews | — |
| In-app purchases | Yes | Yes |
| Ads | Yes | **No** |
| Update frequency | Every 6 weeks | **Every 5 days** |
| Monetization | Free with in-app purchases | Freemium |
| Size | 60 MB | 57 MB |
| Requires iOS | **13.0** | 17.0 |
| Devices | **iPhone, iPad, iPod** | iPhone |
| Age rating | 4+ | 4+ |
| Developer | [Michal Drapiewski](https://appshunter.io/developer/1650249637) | [株式会社オポチュニティ](https://appshunter.io/developer/1740927723) |

## What reviewers say

### Chart Master

[App page](https://appshunter.io/ios/app/chart-master-trading-simulator/id6448449756)

Practice trading strategies with historical market data across various assets like stocks, forex, and crypto. Analyze past performance, learn from top traders, and refine your approach without risking real money. Ideal for beginners and experienced traders looking to hone their skills.

**Highlights:** Practice trading with historical data, Fast-forward through market history, Analyze top trader strategies, Backtest Forex, Crypto, Stocks, Futures, Supports short timeframes (e.g., 1-minute), Learn trading without investment

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

**In-app purchases (5)**

| Purchase | Price | Billing |
| --- | --- | --- |
| Premium Subscription 1 Week | $0.99 | per 7 days |
| Premium Subscription 1 Month | $1.99 | per month |
| Premium Subscription 3 Months | $9.99 | per 3 months |
| Premium Subscription 1 Year | $17.99 | per year |
| Premium Access Forever | $19.99 | one-time |


### Formiq

[App page](https://appshunter.io/ios/app/formiq-fx-backtest-tester/id6759964075)

Test your forex trading strategies on historical charts before risking real money. Practice entries, track trades, and analyze performance metrics to build confidence and refine your approach.

**Highlights:** Replay historical forex charts, Practice trade entries, Record and track trades, Analyze win rate and P&L, Test indicators, Simulate position sizing

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

**In-app purchases (2)**

| Purchase | Price | Billing |
| --- | --- | --- |
| Formiq Unlimited Monthly | $19.99 | per month |
| Formiq Unlimited Monthly | $179.99 | per year |


## Frequently asked questions

### Is Chart Master free?

Chart Master is free to download, with in-app purchases available.

### Is Formiq free?

Formiq is free to download, with in-app purchases available.

### Which has better reviews, Chart Master or Formiq?

Formiq is rated higher. Chart Master averages 4.8 out of 5 from 16 ratings, while Formiq averages 5.0 from 2 ratings.

### Do Chart Master or Formiq have ads?

Chart Master shows ads; Formiq does not.

### Which is updated more often, Chart Master or Formiq?

Chart Master ships an update every 6 weeks, and Formiq every 5 days. Most recently, Chart Master was updated on October 3, 2026 and Formiq on October 9, 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.*