Formiq vs Trader Backtesting
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
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.
- Replay historical forex charts
- Practice trade entries
- Record and track trades
- Analyze win rate and P&L
- Test indicators
- Simulate position sizing
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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
Trader Backtesting
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Backtesting app for forex, crypto and indices trading strategies Practice trading with historical data and improve your strategy Terms of Use: https://www.apple.com/legal/internet-services/itunes/dev/stdeula/
Screenshots
Verdict
The clearest difference is ads: Formiq at none against Trader Backtesting's shown. Trader Backtesting's advantage is update cadence (every 2 days vs weekly). On price, in-app purchases, device support and iOS requirement 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
Both are free to download. Formiq sells 2 in-app purchases, starting at $19.99 per month and Trader Backtesting sells 2 in-app purchases, starting at $8.99 per month. Whichever you choose, the download price is not the number that matters.
Formiq ships an update weekly, Trader Backtesting every 2 days. Both last shipped on November 5, 2026.
| Parameter | Formiq | Trader Backtesting |
|---|---|---|
| Price | Free | Free |
| Rating | 5.0 (2 ratings) — better | — |
| Number of ratings | 2 — better | — |
| Update frequency | Weekly | Every 2 days — better |
| Ads | No — better | Yes |
| In-app purchases | Yes | Yes |
| Monetization | Freemium | — |
| Devices | iPhone | iPhone, iPad — better |
| Requires iOS | 17.0 | 16.1 — better |
| Further details — not scored | ||
| Size | 57 MB | 104 MB |
| Age rating | 4+ | 12+ |
| Developer | 株式会社オポチュニティ | TraderBacktesting OU |
In-app purchases
Formiq
- Formiq Unlimited Monthly$19.991 Month
- Formiq Unlimited Lifetime$49.99
Trader Backtesting
- Trader Backtesting Premium Monthly$8.991 Month
- Trader Backtesting Premium Yearly$49.991 Year
Questions
Is Formiq free?
Is Trader Backtesting free?
Do Formiq or Trader Backtesting have ads?
Which is updated more often, Formiq or Trader Backtesting?
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