Forex Tester review: Pros, Cons, and Traders Ratings.

4.468 • 13 REVIEWS
Forex Tester Software, Inc
Updated: Mar 28, 2024

What is Forex Tester?

Forex Tester is a forex software company that offers forex trading simulator where traders can practice forex trading, run backtesting on trading ideas, strategies etc. meanwhile get to learn how to trade forex as well. doesn't support binary options trading simulation.

Please read Forex Tester Reviews below and share your practice experiences with this trading simulator.

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4.468 • 13 REVIEWS

Recent User Reviews of Forex Tester

Boise, USA,
Mar 9, 2023,
Registered user

Forex Tester

Service use: Demo Length of use: 0-3 Months
Hi, My name is Quinnten and iv been using Forex Tester for over a month now. I can honestly say that this is the best backtesting software program I have ever seen! With all the features that are included, I really enjoy the simplicity of this program. I would HIGHLY recommend this Forex Tester to anyone who is looking to improve their trading!
Sarawak, Malaysia,
Sep 6, 2022,
Registered user

Great tools for back testing strategy

Service use: Live Length of use: over 1 Year
I been using forex tester since version 2 and updated until now version 5 and subscribed to VIP data service for lifetime, with the winning strategy you learn, you would earn back what you paid for. Highly recommended. Malaysia SNR/SND/FIBO Musang Rock~ Good Luck
Brampton, Canada,
Jul 30, 2022,
Registered user

Great product!

Service use: Live Length of use: 0-3 Months
Great product. Worth every penny! Phenomenal customer service, especially Sergei. He's answered all my questions with a very fast response time. I can send a question last thing before I go to sleep, knowing there will be a response when I wake up the next day. Great work!
UK, United Kingdom,
Jul 26, 2022,
Registered user

Great experience with Forex trader and the team

Service use: Demo Length of use: 0-3 Months
Great support and understanding with a nice quick response. Plus the software allowed me to test my strategy to the very T and consequently allowed me to develop to my like... With that said, it's a great software that would recommend any serious trader to use before risking any capital into the markets.
manchester, United Kingdom,
Jul 11, 2021,
Registered user


Service use: Other Length of use: 0-3 Months
They are fast and easy to talk you. And super quick at giving back refunds.
Great team and software. Just didn't suit my laptop.
Zagreb, Croatia,
Feb 8, 2021,
Registered user

A great trading simulator

Service use: Live Length of use: 0-3 Months
Forex Tester 4 is definitively the best backtesting application in the market. It is a very powerful trading simulator that is especially good for manual trading strategy backtesting. It is available at a very affordable price. The application itself is very intuitive and easy to use. When I install it for the first time, I needed less than a minute to realize how to start the backtesting process. The application interface similar to MetaTrader's, so most Forex traders will quickly learn how to use it. I like the variety of options that are available for setting the speed of the testing process. You can trade from the chart, enter marketing and pending orders, set stop loss, and take profit levels. Everything is like in real-time trading. It offers almost all the most popular indicators. There is a possibility to add custom ones. However, those indicators have to be coded in Forex Tester's file format. There is an online tool available that will convert the mql4 file to Forex Tester 4 file. You can also backtest expert advisors.
I highly recommend Forex Tester 4 to both beginners and to more experienced traders.
Sydney, Australia,
Dec 18, 2020,
Registered user

Use of Forex Tester and thebenefits of not blowing the trading account

Service use: Live Length of use: over 1 Year
I started to use Forex tester when it first came out and have upgraded since. I started forex trading in 2010 and the first step was to use the forex tester with a demo Forex account. once i mastered my skills on the froex tester i replicated it on the demo for 3 months before i went to live trading. When i want to practise on another new forex pair i would go back to forex tester to train my skills before going to trade live. I would suggest to any trader to practise in forex tester before going to trade live. Its a small amount to pay rather than break your trading account
won, USA,
Aug 6, 2020,

Lacking adequate customer service

Service use: Other Length of use: 0-3 Months
Accurately simulating your broker's trading environment for short time frame strategy testing is critical for accurate back-testing results. Setting this up can be nuanced in a program like this but the company does not offer any live chat or phone support. The customer is required to send a message via email or website with a response no sooner that 24 hrs and often longer. If your question is complex or not understood correctly, the message process and associated time delay must be repeated several times. I hoped for more for the high price of the software and tick data This is almost certainly not an issue for long time frame strategy testing. I'm not sure the expensive tick level purchase is worth the customer service frustration.
Reply by Forex Tester submitted Sep 28, 2020:
Hello. Thank you for your review! We always appreciate the feedbacks from our clients, it help us to improve our services as well as the software itself for you.
Unfortunately, we do not have the phone support. Instead you can always schedule a skype call with Forex Tester team and tell us more about your experience and share your ideas.
The technical support department responds to letters within 24 hours (except Sundays) according to the company's working hours schedule.
You can always use the chatbot on our website, which can answer most questions, as well as get support from a technical support agent.
Moreover, on our site there are many useful video tutorials regarding the Forex Tester and a huge amount of information on the FAQ pages and in our blog.
Queensland, Australia,
Mar 12, 2020,

Great testing software and excellent customer service.

Service use: Other Length of use: 0-3 Months
I've been "trading" (aka losing money) the forex market for around 4-5 years now. I've seen and tried a lot of software, EA, signal providers etc. So I know what makes a good investment (to learn to trade better).

In my opinion, Forex Tester is a sound investment if you want to test out strategies and techniques and don't want to waste months testing them in demo accounts. The ability to control time speed and adjust settings on the fly, as well as journal trades and log statistics (all included in the software) makes this one of the best investments you can make (to further your forex education).

Customer service is great as well, if I have a question it's usually answered within a few days.
, India,
May 2, 2015,

The support is s*** and must say their sales manager does not understand simple english,I Mailed them 15 times that my PC is having IT issues and please issue me a new reg key but he mails back you can use same key for the existing hardware,for gods sake I need a different reg key for a different hardware,whats so hard to understand in it. 0/5 for support.