Comparison

Formiq vs Trader Backtesting

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 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

About

Trader Backtesting

Features
Read full description

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

Formiq4 screens
Trader Backtesting4 screens

Verdict

The call

The clearest difference is ads: Formiq at none against Trader Backtesting's shown. Trader Backtesting's advantage is update cadence (every 2 days vs every 5 days). 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

CostPrice · In-app purchases · Ads · Monetization

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 $4.99 per month. Whichever you choose, the download price is not the number that matters.

UpkeepUpdate frequency

Formiq ships an update every 5 days, Trader Backtesting every 2 days. Both last shipped on September 23, 2026.

Scorecard2 real differences · 7 level
Formiq versus Trader Backtesting: the parameters behind the verdict, then further details
ParameterFormiqTrader Backtesting
PriceFreeFree
Rating5.0 (1 ratings) — better—
Number of ratings1 — better—
Update frequencyEvery 5 daysEvery 2 days — better
AdsNo — betterYes
In-app purchasesYesYes
MonetizationFreemium—
DevicesiPhoneiPhone, iPad — better
Requires iOS17.016.1 — better
Further details — not scored
Size56 MB100 MB
Age rating4+12+
Developer株式会社オポチュニティTraderBacktesting OU

In-app purchases

2 purchases

Formiq

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

Trader Backtesting

Subscriptions2
  • Trader Backtesting Premium Monthly$4.991 Month
  • Trader Backtesting Premium Yearly$39.991 Year

Questions

Is Formiq free?
Formiq is free to download, with in-app purchases available.
Is Trader Backtesting free?
Trader Backtesting is free to download, with in-app purchases available.
Do Formiq or Trader Backtesting have ads?
Trader Backtesting shows ads; Formiq does not.
Which is updated more often, Formiq or Trader Backtesting?
Formiq ships an update every 5 days, and Trader Backtesting every 2 days. Most recently, Formiq was updated on September 23, 2026 and Trader Backtesting on September 23, 2026.

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