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VERDICT

Should I use Forex Tester?

Professional forex training software, simulator and backtester - forextester.com

Depends. Buy if you're a discretionary forex trader serious about manual backtesting and willing to climb a setup learning curve. Skip it if MT4/MT5's built-in free tester or a live trade journal tool covers your needs.

Confidence

Medium. Based on 20+ public sources; no official price list captured — pricing inferred from promo and review pages.

Ratings

  • Value for money
  • Ease of use
  • Feature depth
  • Support quality
  • Security posture

Pricing

Free

Free trial

Model2
Monthly feesNot disclosed
HardwareNot disclosed
Free tierNo
Desktop licenseOne-time purchase (lifetime deals promoted)
Forex Tester OnlineSubscription (promo codes advertised)

Best for

  • Discretionary forex traders
  • Manual strategy backtesters
  • Beginners practicing risk-free
  • MetaTrader users wanting deeper replay

Not for

  • Algo/quant traders — code your own backtests instead
  • Anyone content with MT4/MT5's free built-in tester
  • Live-trade journaling seekers — TradeZella-type tools fit better
  • Casual hobbyists wanting instant, zero-setup testing

Gotchas - check before you buy

medium

Constant promo codes (FTOINST10, 10%-off coupons) — sticker prices rarely the real price

medium

Many review sites earn 25% affiliate commissions; treat testimonials with caution

medium

No security page found on site; payments run through third-party PayPro Global

medium

Setup and data loading take real effort before you can test strategies

Pros and cons

Pros

  • Purpose-built forex simulator and backtester for risk-free practice
  • Called the closest fit among third-party MetaTrader 4 testers
  • Specifically praised for backtesting strength by comparison sites
  • Free trial available before purchase
  • Lifetime license deals offered, not subscription-only

Cons

  • Users report trouble getting started with backtesting
  • Pip and decimal handling confusion reported in ForexTester 4
  • No public security page on the product website
  • Aggressive affiliate and coupon marketing distorts online reviews
  • Desktop and Online versions split features and pricing

Sources & method

Analyzed 10/04/2026 - 13 sources - No known vulnerabilities found in the sources reviewed.

official x2review x8security x1news x2

Key stats

  • Value for money: 3/5

    Rating

  • Free

    Starting price

  • 13

    Sources

  • Analyzed

  • Value for money: 3/5. Lifetime deals and constant discount codes
  • Ease of use: 2/5. Users report setup trouble and pip confusion
  • Feature depth: 4/5. Regarded as deepest manual forex backtester
  • Support quality: 3/5. Support center exists; testimonials mention support
  • Security posture: 2/5. No public security page on site
  • 113 Trustpilot reviews forextester.com profile
  • 1,423+ Customers per Tenereteam review aggregator
  • Yes Free trial downloadable trial version offered
  • 2 Pricing models lifetime desktop + online subscription

Pricing

Free trial

Free

  • Downloadable trial of the desktop tester

Desktop license

One-time purchase (lifetime deals promoted)

  • Forex Tester desktop app
  • Frequent lifetime-deal promotions

Forex Tester Online

Subscription (promo codes advertised)

  • Web-based tester
  • Upgrade discounts like FTOINST10

Security

No known vulnerabilities found in the sources reviewed.

What users say

A long-running tool traders respect for backtesting realism, though some report setup friction and pip/decimal quirks.

“Regarding backtesting and Forex Tester - trouble getting ...”
Reddit, r/Forex (thread title)
“Does anyone here use ForexTester 4? - pips and decimal ...”
Reddit, r/Forex (thread title)
Full analysis

Based on 20+ public sources; no official price list captured — pricing inferred from promo and review pages.

Solid forex backtesting simulator with a learning curve; overkill if MT4/MT5's free tester or a journal app covers you.

Methodology

Based on 20+ public sources; no official price list captured — pricing inferred from promo and review pages.

Sources

  1. Forex Tester — official product sitedesktop.forextester.com
    official
  2. Forex Tester Support Centerforextester.com
    official
  3. Forex Tester Security pageforextester.com
    security
  4. Forex Tester Trustpilot reviewstrustpilot.com
    review
  5. Reddit r/Forex — backtesting and Forex Tester troublereddit.com
    review
  6. Reddit r/Forex — ForexTester 4 pips and decimalsreddit.com
    review
  7. Forex Factory — best third-party strategy tester for MT4forexfactory.com
    review
  8. Benzinga — ForexTester reviewbenzinga.com
    review
  9. Forex Peace Army — Forex Tester reviewforexpeacearmy.com
    review
  10. Tenereteam — Forex Tester reviews and customersforex-tester.tenereteam.com
    review
  11. PureMarketSignal — Forex Tester pricing overviewpuremarketsignal.com
    review
  12. SaaSPirate — Forex Tester lifetime dealsaaspirate.com
    news
  13. Affiliate Watch — Forex Tester Online 25% commissionaffiliate.watch
    news

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