Comparison

ForeXpert vs Formiq

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

Head to head
About

ForeXpert

Practice discretionary trading on historical forex charts without risking real money. Step through past price action candle by candle, place real orders, and measure your results with detailed performance statistics. Test your trading strategies and improve your execution skills on the go.

Highlights
  • Realistic backtesting on historical charts
  • 26 instruments across 8 timeframes
  • Full order types (Market, Limit, Stop)
  • Technical analysis and drawing tools
  • Detailed performance statistics
  • Customizable trading parameters
  • Cloud sync across devices
Features
Read full description

Does your trading strategy actually have an edge? ForeXpert is an FX backtesting app that lets you practice discretionary trading on historical forex charts — without risking real money. Step through past price action candle by candle, place real orders, and measure your results with hard numbers. 【What you can do with ForeXpert】 ■ Realistic backtesting on historical charts Choose any currency pair and date range, then advance candle by candle. Because you can't see what comes next, you build real decision-making skills under pressure. ■ 26 instruments across 8 timeframes Major and cross currency pairs plus Gold (XAUUSD) and Silver (XAGUSD). Supports M1, M5, M15, M30, H1, H4, D1, and W1. ■ Full order types Market, limit, and stop orders with SL and TP. Modify, cancel, or partially close positions — just like a real trading platform. ■ Technical analysis & drawing tools Moving Average, Bollinger Bands, RSI, MACD, and Stochastics. Combine with trend lines, horizontal lines, and other drawing tools to test your exact rules on the chart. ■ Detailed performance stats Win rate, trade count, average profit/loss, profit factor, max drawdown, and Sharpe ratio — all calculated automatically. Track your equity curve, daily P&L, and cumulative returns over time. ■ Fully customizable Set your starting balance, leverage, and spread. Cloud sync keeps your data in one place across all your devices. 【Who it's for】 · Traders who want to verify whether their strategy has a real edge · Anyone stuck in a losing streak and looking to identify patterns · Those who want to drill order execution before going live · Traders who want to practice on the go from their phone Build your strategy on evidence, not instinct. 【Disclaimer】 · This app is a simulation tool for practice and strategy verification only. · No real currency trading, deposits, or withdrawals are supported. · This app does not provide investment advice or recommend specific financial instruments. · Simulated results do not guarantee future trading performance.

About

Formiq

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
Read full description

Ever wonder if your trading strategy actually works — before risking real money? Formiq lets you test your forex strategy on historical charts, so you can build confidence before you ever place a live trade. What you can do with Formiq - Replay historical forex charts and practice entries - Record and track your trades automatically - See your win rate, risk/reward, and P&L at a glance - Test indicators and find what actually works for you - Simulate position sizing and money management - Sharpen your discretionary trading skills Who is Formiq for? - Traders who want to validate a strategy before going live - Anyone tired of losing money testing ideas on a real account - Traders looking to build consistent habits through repetition - Beginners who want to learn price action without the pressure Formiq Unlimited The core features are free to try. Upgrade to Formiq Unlimited to unlock everything with no restrictions. Stop guessing. Start testing. The more you practice, the more patterns you recognize — and the more confident you trade! Terms of Service https://formiq.jp/terms

Screenshots

ForeXpert4 screens
Formiq4 screens

Verdict

The call

The clearest difference is update cadence: Formiq at every 5 days against ForeXpert's every 2 weeks. ForeXpert's advantage is device support (3 vs 1) and iOS requirement (15.1 vs 17.0). 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. ForeXpert sells 1 in-app purchase, starting at $6.99 per month 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.

UpkeepUpdate frequency

ForeXpert ships an update every 2 weeks, Formiq every 5 days. The most recent releases landed on September 17, 2026 and September 23, 2026 respectively.

Scorecard3 real differences · 7 level
ForeXpert versus Formiq: the parameters behind the verdict, then further details
ParameterForeXpertFormiq
PriceFreeFree
Rating—5.0 (1 ratings) — better
Positive reviews100.0% of reviews—
Number of ratings—1 — better
Update frequencyEvery 2 weeksEvery 5 days — better
AdsNoNo
In-app purchasesYesYes
MonetizationFreemiumFreemium
DevicesiPhone, iPad, iPod — betteriPhone
Requires iOS15.1 — better17.0
Further details — not scored
Size55 MB56 MB
Age rating4+4+
DeveloperRui Hirano株式会社オポチュニティ

Customer experience

ForeXpert

Written reviews2 reviews
Positive100.0%
Neutral0.0%
Negative0.0%

Formiq

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

In-app purchases

1 purchases

ForeXpert

Subscriptions1
  • ForeXpert プレミアムプラン$6.991 Month
2 purchases

Formiq

Subscriptions2
  • Formiq Unlimited Monthly$19.991 Month
  • Formiq Unlimited Monthly$179.991 Year

Questions

Is ForeXpert free?
ForeXpert is free to download, with in-app purchases available.
Is Formiq free?
Formiq is free to download, with in-app purchases available.
Do ForeXpert or Formiq have ads?
Neither ForeXpert nor Formiq shows ads.
Which is updated more often, ForeXpert or Formiq?
ForeXpert ships an update every 2 weeks, and Formiq every 5 days. Most recently, ForeXpert was updated on September 17, 2026 and Formiq on September 23, 2026.

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