Comparison

Formiq vs FX Strategy Simulator

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

FX Strategy Simulator

Features
Read full description

FX Strategy Simulator is an educational trading simulator designed to help users learn and understand common FX trading strategies through visual chart examples. The app includes 50 educational trading strategies covering: • Trend Following • Mean Reversion • Breakout Trading • Scalping Concepts • Momentum Strategies • Indicator-Based Systems • Risk Management Concepts Features: • Explore 50 trading strategies • View educational chart simulations • Study Entry, Take Profit, and Stop Loss examples • Understand strategy logic and market conditions • Compare different trading approaches • Learn trading concepts in a risk-free environment This application is intended solely for educational purposes. Important Disclaimer: FX Strategy Simulator does not provide financial advice, investment recommendations, broker services, trade execution, or guaranteed results. All charts, entries, take-profit levels, stop-loss levels, and outcomes are educational simulations and should not be interpreted as real trading signals. Past performance and simulated results do not guarantee future performance.

Screenshots

Formiq4 screens
FX Strategy Simulator4 screens

Verdict

The call

The clearest difference is in-app purchases: FX Strategy Simulator at none against Formiq's 3. FX Strategy Simulator also leads on device support (3 vs 1) and iOS requirement (15.0 vs 17.0). On price 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. FX Strategy Simulator asks for nothing beyond the download.

Scorecard3 real differences · 6 level
Formiq versus FX Strategy Simulator: the parameters behind the verdict, then further details
ParameterFormiqFX Strategy Simulator
PriceFreeFree
Rating5.0 (2 ratings) — better—
Number of ratings2 — better—
Update frequencyWeekly—
AdsNoNo
In-app purchasesYesNo — better
MonetizationFreemium—
DevicesiPhoneiPhone, iPad, iPod — better
Requires iOS17.015.0 — better
Further details — not scored
Size57 MB3 MB
Age rating4+4+
Developer株式会社オポチュニティIkuto Yokota

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
None

FX Strategy Simulator

No in-app purchases

Questions

Is Formiq free?
Formiq is free to download, with in-app purchases available.
Is FX Strategy Simulator free?
FX Strategy Simulator is free to download, with no in-app purchases.
Do Formiq or FX Strategy Simulator have ads?
Neither Formiq nor FX Strategy Simulator shows ads.

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