Comparison

Formiq vs MyBacktest

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

MyBacktest

Practice and verify your FX and gold trading strategies using historical charts. This tool allows for rapid simulation of trading scenarios, analysis of past performance, and automated generation of trading records to improve decision-making skills.

Highlights
  • Backtest trading strategies on historical FX and gold charts
  • Simulate trades with real-time tension
  • Jump to specific trading scenarios with 'Warp Verification'
  • Automated strategy performance analysis
  • One-tap export of trading records with chart images
  • Advanced analysis tools including parameter optimization
Features
Read full description

"Ten more backtests and I wouldn't have hesitated on that entry." MyBacktest is a dedicated tool for testing and practicing forex and gold trading strategies on historical charts. Get a year of screen time in a weekend. REPLAY - practice without waiting Step through past charts one candle at a time and place trades on the spot. You never see the right side of the chart, so every decision feels like the real thing. - Market, limit and stop orders, SL/TP, partial close, move to break-even - Position size from risk %, with R-multiple and holding time recorded automatically - Up to 4 split charts for multi-timeframe context - 58 indicators and oscillators, drawing tools WARP - jump straight to the setups "Today I'll practice 50 pullback entries." Combine 37 conditions (MA touch, breakouts, round numbers, economic events and more) and jump directly to each spot where they occur. No more scrolling through charts looking for setups. AUTO BACKTEST - a verdict in minutes Define entry conditions and exit rules, then run. Every signal in the period is simulated at 1-minute fill precision with measured spreads, and win rate, expectancy, max drawdown and the equity curve are compiled automatically. Hypothetical results based on past data; they do not indicate future performance. SCALP MODE - train second by second (new in 2.0) Real-tick playback, one-tap trading, second charts (S5/S15/S30) and a scalp-specific auto backtest. EA EXPORT - turn tested rules into code (new in 2.0) Generate MT4 / MT5 Expert Advisor code from your conditions and exits. Agreement with the app's backtest was measured in live tester runs (MT5 91%, MT4 99% on identical data). Results on other platforms or data are not guaranteed. ANALYSIS HUB - is the result real? (new in 2.0) 20+ tools to question a strategy: loss diagnosis, edge scanner, stress gauntlet, walk-forward, Monte Carlo, spread stress test, similar-pattern search, parameter optimizer, EA Doctor (import MT4/MT5 tester reports), and more. JOURNAL EXPORT One tap generates a PNG/PDF trade journal with chart images. DATA Historical prices are downloaded directly to your device (free plan: last 3 months, all 24 pairs). The first download runs automatically during the guide; after that you can practice offline. PLANS - Free: replay practice plus trials of Warp and Auto Backtest - Light (monthly): full Warp, full price history, journal export - Standard (monthly): full Auto Backtest, scalp mode with real ticks, advanced analytics - Pro (monthly): parameter optimizer, analysis hub, EA export Subscriptions renew automatically unless cancelled at least 24 hours before the end of the period. Manage or cancel in your device settings. IMPORTANT MyBacktest is a study and practice tool. It does not place real trades, connect to a broker, or provide investment advice or signals. All results are hypothetical, based on past data, and do not guarantee future performance. Trading decisions are your own responsibility. Terms of Use (EULA): https://legal.mybacktest.app/terms/ (Japanese) Privacy Policy: https://legal.mybacktest.app/privacy/ (Japanese)

Screenshots

Formiq4 screens
MyBacktest4 screens

Verdict

The call

The clearest difference is device support: MyBacktest at 3 against Formiq's 1. MyBacktest also leads on iOS requirement (15.0 vs 17.0). On price, update cadence, ads and in-app purchases 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 MyBacktest sells 3 in-app purchases, starting at $9.99 per month. Whichever you choose, the download price is not the number that matters.

UpkeepUpdate frequency

Formiq ships an update every 5 days, MyBacktest every 10 days. The most recent releases landed on October 9, 2026 and October 8, 2026 respectively.

Scorecard2 real differences · 8 level
Formiq versus MyBacktest: the parameters behind the verdict, then further details
ParameterFormiqMyBacktest
PriceFreeFree
Rating5.0 (2 ratings) — better—
Positive reviews—80.0% of reviews
Number of ratings2 — better—
Update frequencyEvery 5 days — betterEvery 10 days
AdsNoNo
In-app purchasesYesYes
MonetizationFreemiumFreemium
DevicesiPhoneiPhone, iPad, iPod — better
Requires iOS17.015.0 — better
Further details — not scored
Size57 MB32 MB
Age rating4+4+
Developer株式会社オポチュニティHITOMI NIIHARA

Customer experience

Formiq

All ratings2 ratings
Positive100.0%
Neutral0.0%
Negative0.0%

MyBacktest

Written reviews5 reviews
Positive80.0%
Neutral0.0%
Negative20.0%

In-app purchases

2 purchases

Formiq

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

MyBacktest

Subscriptions3
  • ライトプラン$9.991 Month
  • スタンダードプラン$29.991 Month
  • プロプラン$39.991 Month

Questions

Is Formiq free?
Formiq is free to download, with in-app purchases available.
Is MyBacktest free?
MyBacktest is free to download, with in-app purchases available.
Do Formiq or MyBacktest have ads?
Neither Formiq nor MyBacktest shows ads.
Which is updated more often, Formiq or MyBacktest?
Formiq ships an update every 5 days, and MyBacktest every 10 days. Most recently, Formiq was updated on October 9, 2026 and MyBacktest on October 8, 2026.

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