Comparison

Formiq vs PropertyIQ

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

Head to head
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 strategy on real historical forex, gold and crypto charts, so you can build confidence before you ever place a live trade. REPLAY - Replay historical charts bar by bar and practice entries - Place stops and targets right on the chart - Simulate position sizing and money management - Look back on every trade in a monthly P&L calendar STRATEGY TESTER - Set up a backtest in seconds: choose your entry and exit rules and see how they would have done - See your win rate, risk/reward, and P&L at a glance - Start from 8 ready-made strategies, or build your own CHARTS - Forex pairs, gold, silver, oil, stock indices, Bitcoin and Ethereum - 30+ indicators and drawing tools 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 remove the limits, test further back, and split the screen into multiple charts. 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

About

PropertyIQ

Analyze rental properties quickly to understand projected returns, monthly cashflow, and deal viability. Offers detailed financial metrics, market data, and comparison tools to inform investment decisions.

Highlights
  • 30-year return projections
  • Monthly cashflow and IRR calculations
  • Cap Rate, DSCR, GRM metrics
  • Side-by-side market comparisons
  • Live market dashboard
  • Deal scenario saving and export
Features
Read full description

PropertyIQ — Rental Property Analyzer The fastest way to underwrite a rental property before you make an offer. Enter any address and purchase price to instantly see projected returns, monthly cashflow, and whether the deal pencils — in seconds. WHAT YOU GET - 30-year return projections with year-by-year breakdown - Monthly cashflow, cash-on-cash return, and IRR - Cap Rate, DSCR, and Gross Rent Multiplier - Side-by-side comparison against S&P 500 and Treasury bonds - Live market dashboard: mortgage rates, Treasury spread, yield gap, and housing inventory PREMIUM FEATURES - IRR Target Calculator — enter your target return and instantly see the maximum price you can pay - Save scenarios — save multiple versions of the same deal side by side (aggressive vs. conservative - Multi-deal comparison with PDF export — rank your pipeline by IRR, cashflow, and cash-on-cash; export a branded comparison report to share with partners - Unlimited saved deals, analyses, and PDF exports - PropertyIQ Value Estimate — see instantly whether you're buying at a discount or overpaying, with a visual range and needle indicator - PropertyIQ Rent Estimate — real market data showing what the property will actually rent for - Sales comps and rental comps with distance and match score - Property details: beds, baths, sqft, type, and year built pulled automatically pricing, different financing structures) FREE FEATURES - Full investment calculator with adjustable sliders - Cashflow, cash-on-cash, and IRR calculations - Expert metrics: Cap Rate, DSCR, GRM with plain-English explanations - Renovation budget calculator with value multiplier - Scenario analysis: conservative, moderate, and high appreciation - Live market dashboard with FRED data - Save up to 10 deals MARKET DASHBOARD PropertyIQ pulls live data from the Federal Reserve (FRED) so you always know where the market stands — 30-year mortgage rates, the mortgage-treasury spread, real estate yield gap vs. bonds, and national housing inventory. Tap any tile for historical charts and benchmarks going back years. MARKET NEWS A curated feed of real estate and macro news — filtered by Rates, Market, Investing, Economy, or Podcasts — so you can connect market conditions to the deals you're analyzing. EXPERT MODE Cap Rate tells you the unlevered yield. DSCR tells you if the property covers its debt. GRM gives you a quick relative value check. The IRR breakdown shows you exactly how your return is generated year by year — cashflow, appreciation, and amortization — side by side against what the same dollars would earn in the S&P 500 or a Treasury bond. Know the numbers before you knock. --- Terms of Use: https://www.apple.com/legal/internet-services/itunes/dev/stdeula/

Screenshots

Formiq4 screens
PropertyIQ4 screens

Verdict

The call

The clearest difference is update cadence: Formiq at weekly against PropertyIQ's every 2 weeks. PropertyIQ's advantage is iOS requirement (15.1 vs 17.0). On price, rating, ratings volume and ads 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. Formiq sells 3 in-app purchases, starting at $19.99 per month and PropertyIQ sells 1 in-app purchase, starting at $9.99 per month. Whichever you choose, the download price is not the number that matters.

ReceptionRating · Positive reviews · Number of ratings

On the App Store both sit at effectively the same score — 5.0 for Formiq against 5.0 for PropertyIQ. Both are backed by a comparable volume of ratings — 2 and 1 respectively.

UpkeepUpdate frequency

Formiq ships an update weekly, PropertyIQ every 2 weeks. The most recent releases landed on October 31, 2026 and October 28, 2026 respectively.

Scorecard2 real differences · 7 level
Formiq versus PropertyIQ: the parameters behind the verdict, then further details
ParameterFormiqPropertyIQ
PriceFreeFree
Rating5.0 (2 ratings)5.0 (1 ratings)
Number of ratings2 — better1
Update frequencyWeekly — betterEvery 2 weeks
AdsNoNo
In-app purchasesYesYes
MonetizationFreemiumFreemium
DevicesiPhoneiPhone, iPod — better
Requires iOS17.015.1 — better
Further details — not scored
Size57 MB39 MB
Age rating4+4+
Developer株式会社オポチュニティAdrian Scarlett

In-app purchases

3 purchases

Formiq

Subscriptions2
  • Formiq Unlimited Monthly$19.991 Month
  • Formiq Unlimited Monthly$179.991 Year
One-time1
  • Formiq Unlimited Lifetime$49.99
1 purchases

PropertyIQ

Subscriptions1
  • PropertyIQ Premium1 Month trial$9.991 Month

Questions

Is Formiq free?
Formiq is free to download, with in-app purchases available.
Is PropertyIQ free?
PropertyIQ is free to download, with in-app purchases available.
Which has better reviews, Formiq or PropertyIQ?
Formiq and PropertyIQ are both rated 5.0 out of 5 on the App Store, from 2 and 1 ratings respectively.
Do Formiq or PropertyIQ have ads?
Neither Formiq nor PropertyIQ shows ads.
Which is updated more often, Formiq or PropertyIQ?
Formiq ships an update weekly, and PropertyIQ every 2 weeks. Most recently, Formiq was updated on October 31, 2026 and PropertyIQ on October 28, 2026.

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