Forex Tester
Depends
Confidence: Medium
Buy if you're a discretionary forex trader serious about manual backtesting and willing to climb a setup learning curve.
New check
Comparison
Forex Tester vs Forexfactory
Forex Tester lands on Depends, and Forexfactory lands on Worth it.
Forexfactory
Worth it
Confidence: Medium
Use it: Forex Factory is a free, de facto standard economic calendar and forum for retail forex traders.
| Compare | Forex Tester | Forexfactory |
|---|---|---|
| Verdict | Depends | Worth it |
| Best for | Discretionary forex traders | Retail forex traders tracking news events |
| Who it's not for | Algo/quant traders . code your own backtests instead | Institutions needing licensed data feeds |
| Privacy | No known public vulnerabilities found in the sources reviewed.³ | No known public vulnerabilities found in the sources reviewed. |
| Support quality | Support center exists; testimonials mention support | No support evidence found |
| Public sentiment | A long-running tool traders respect for backtesting realism, though some report setup friction and pip/decimal quirks.⁴ | Traders treat it as the default forex calendar and forum, though Trustpilot ratings are low and Reddit debates its reliability around news releases.14 |
| Biggest gotcha | Constant promo codes (FTOINST10, 10%-off coupons) . sticker prices rarely the real price | Forum content includes scam brokers and EA sellers . verify everything independently |
Pick Forex Tester when
- Discretionary forex traders
- Manual strategy backtesters
- Beginners practicing risk-free
- MetaTrader users wanting deeper replay
When Forex Tester is not a fit
- 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
Pick Forexfactory when
- Retail forex traders tracking news events
- Economic calendar users
- Trader forum discussion
- Broker and prop-firm research
When Forexfactory is not a fit
- Institutions needing licensed data feeds
- Traders wanting execution . it's not a broker
- Beginners expecting vetted advice . forums mix scams in
- Stock- or crypto-only traders; it is forex-centric
Sources
- Forex Tester . official product sitedesktop.forextester.comofficial
- Forex Tester Support Centerforextester.comofficial
- Forex Tester Security pageforextester.comsecurity
- Forex Tester Trustpilot reviewstrustpilot.comreview
review
- Forex Factory . best third-party strategy tester for MT4forexfactory.comreview
- Benzinga . ForexTester reviewbenzinga.comreview
- Forex Peace Army . Forex Tester reviewforexpeacearmy.comreview
- Tenereteam . Forex Tester reviews and customersforex-tester.tenereteam.comreview
- PureMarketSignal . Forex Tester pricing overviewpuremarketsignal.comreview
- SaaSPirate . Forex Tester lifetime dealsaaspirate.comnews
- Affiliate Watch . Forex Tester Online 25% commissionaffiliate.watchnews
- Forex Factory Reviews . Trustpilottrustpilot.comreview
- Forex Factory homepageforexfactory.comofficial
- Forex Factory Advertising Media Kitforexfactory.comofficial