Comparisons
Simple Trading Journal vs Edgewonk: an honest comparison
4 min read
Edgewonk is one of the best-known trading journals. If you are looking for an alternative — cheaper, in your own language, or with a free plan — here is how Simple Trading Journal compares.
| Simple Trading Journal | Edgewonk | |
|---|---|---|
| Monthly price | $14.99 | — (yearly only) |
| Yearly price | $119 | $197 |
| Free plan | Yes — 2 trades a day, no time limit | No |
| Free trial | 3 days of Pro, no card | No — 14-day money-back guarantee |
| MetaTrader auto-sync | MetaTrader 5 (MT4: report import) | MT4 and MT5 |
| How MetaTrader connects | Add-on in MT5 + key, no password shared | MetaTrader's FTP report publishing |
| Imports | MT4/MT5 report, cTrader, TradeLocker, DXtrade, Match-Trader, any CSV | Many platforms (see its import page) |
Edgewonk's prices and features are taken from its own pricing and help pages in September 2026 and may have changed since. Check its website before you decide.
Where Edgewonk is stronger
- A long-established journal with a single plan that includes every feature.
- A 14-day money-back guarantee.
- MT4 and MT5 auto-sync using MetaTrader's own report publishing.
Where Simple Trading Journal is stronger
- A free plan with no time limit (2 trades a day) and a 3-day Pro trial without a card.
- Pro costs $14.99 a month or $119 a year — Edgewonk's cheapest option is $197 a year.
- The whole app in 9 languages, including Turkish, Persian and Arabic.
- MetaTrader 5 syncs through a small add-on and a key; you never share your investor password.
- Built-in discipline analysis (revenge trades, rising risk after losses, overtrading, off-hours trading) and prop firm limit tracking.
Which one should you choose?
If you need a very wide range of broker integrations or its more advanced tools, Edgewonk may suit you better. If you trade on MetaTrader, want a journal in your own language and would rather start free, try Simple Trading Journal — the free plan needs no card.