# ForeXpert vs Formiq

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.

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.

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.

## The numbers

| Metric | ForeXpert | Formiq |
| --- | --- | --- |
| Price | Free | Free |
| Rating | — | **[5.0 (1 ratings)](https://appshunter.io/ios/app/formiq-fx-backtest-tester/id6759964075/reviews)** |
| Number of ratings | — | **1** |
| Positive reviews | 100.0% of reviews | — |
| In-app purchases | Yes | Yes |
| Ads | No | No |
| Update frequency | Every 2 weeks | **Every 5 days** |
| Monetization | Freemium | Freemium |
| Size | 55 MB | 56 MB |
| Requires iOS | **15.1** | 17.0 |
| Devices | **iPhone, iPad, iPod** | iPhone |
| Age rating | 4+ | 4+ |
| Developer | [Rui Hirano](https://appshunter.io/developer/1663659809) | [株式会社オポチュニティ](https://appshunter.io/developer/1740927723) |

## What reviewers say

### ForeXpert

[App page](https://appshunter.io/ios/app/forexpert-forex-backtest/id6476443077)

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:** Vision Pro support

**In-app purchases (1)**

| Purchase | Price | Billing |
| --- | --- | --- |
| ForeXpert プレミアムプラン | $6.99 | per month |


### 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 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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*Compared by [AppsHunter](https://appshunter.io/) from daily US App Store data. Review summaries are generated from verbatim App Store reviews.*