TraderSync vs TraderVue 2024

TraderSync vs TraderVue Video

Factor 1: Free Features

While you can certainly become a successful trader without using a trade journal, using one could give you the trading edge you need to succeed. True, you won’t be able to create extremely detailed reports using the free versions, but even the free versions of these services can help you improve your trading strategies.

TraderSync

This trading journal software can only be used to track your trade history for free if you’re willing to link it to a Twitter account. The linked Twitter account must be allowed to share all of your trades, which is inconvenient.

Active traders will find the free version of TraderSync largely useless. Although you will be able to use the journal functions to keep track of trades, setups, and mistakes, you’ll need to enter each trade manually. For high-volume day trading, this is simply too time-consuming to be practical.

TraderVue

The free (i.e., “Basic”) version of TraderVue only offers basic journaling, basic reporting, and sharing. However, since you’ll be able to automatically import data from supported trading accounts, it instantly has an advantage over the free version of TraderSync.

Free users can only track a portion of their trade history (thirty trades per month), but this should be enough to track trade details, identify negative trade behavior, and make better trading decisions moving forward.

Factor 2: Paid Features

Paying for a service allows you to unlock its true capabilities, but it also puts a dent in your wallet. We recommend taking a look at the features offered, thinking realistically about which ones you’d actually use, and then selecting a plan from there.

TraderSync

Once you’re willing to pay, this online platform has more to offer than just a simple trading journal. Different membership levels will have access to different trading tools, but there are enough to meet the needs of nearly any trading style.

Offering interactive charts, trade simulators, AI-powered trade insights, charting, backtesting, and more, TraderSync is truly a powerful tool for active traders.

TraderVue

Like TraderSync, there’s more to this trading journal software than meets the eye when you’re willing to pay for a subscription. Active traders will be able to track an unlimited number of trades, import data automatically from multiple brokerages, assess their trading journey using advanced reporting features, and more.

The only real drawback that TradeVue has is its lack of real-time data, which isn’t offered (regardless of your plan selection).

Factor 3: Subscription Costs

Ideally, you want to profit when you day trade. Of course, not every individual trade will be a winner, but the idea is that you can use your trading journal to learn from previous trades. However, if you’re overpaying for advanced features that you’re not even using, you could be cutting into your profits without reason!

TraderSync

Although professional traders may be used to paying higher-priced subscriptions, the monthly expense could come as quite a surprise for less-experienced retail investors. The cheapest plan—Pro—only costs $29.95/month, but we don’t think it provides a good value for the price.

Instead, we’d recommend opting for the Premium or the Elite plan, which offer much higher levels of functionality and additional features. However, they do cost a bit more. The “Premium” plan costs $49.95/month; the “Elite” plan costs $79.95/month.

Learn More About TraderSync

TraderVue

Offering unlimited trade journaling, the “Silver” plan provides an excellent value at only $29/month.

For more experienced traders who also want to have access to risk analysis features, the Gold plan is a great option (at only $49/month).
Learn More About TraderVue

Factor 4: External Customer Reviews & Ratings

External TraderSync Reviews & Ratings

Site	Rating
Benzinga	5
Trading Reviewers	5
Trustpilot
Facebook	4.7 from 12 reviews

External TraderVue Reviews & Ratings

TraderSync offers a mobile application that is highly rated for its ease of use and comprehensive functionality. The app enables traders to log trades, analyze performance, and access reports directly from their mobile devices, providing flexibility for traders on the go.

This is particularly beneficial for those who travel frequently or prefer to manage their trading activities away from their desktops. The mobile interface is intuitive, ensuring that all critical features are accessible without compromising the user experience.

Tradervue, on the other hand, does not have a dedicated mobile application, but its web platform is mobile-responsive, allowing traders to access their accounts through a mobile browser. While this provides a degree of flexibility, it may not offer the same level of convenience and functionality as a standalone app.

Traders who prioritize mobile access might find this limitation challenging, especially if they rely on detailed analytics and reports that are best viewed on larger screens.

TraderSync offers limited community features, focusing primarily on individual trade analysis and improvement. While it does provide robust analytics and insights, it lacks the community-oriented features that some traders may find beneficial for learning and sharing strategies. This makes TraderSync more suited for traders who prefer a more solitary approach to trade journaling and analysis.

Tradervue stands out with its strong community and collaboration features. The platform allows users to share trades and performance metrics with other traders, fostering a collaborative environment where ideas and strategies can be exchanged.

This community aspect is particularly valuable for newer traders who are looking to learn from experienced peers, as well as for seasoned traders who enjoy discussing market trends and strategies.

TraderSync vs TraderVue: Summary

Both of these platforms are excellent options for those who want to keep trade notes of their trade history while day trading. Either one can record trades and take trade notes, but—depending on your anticipated usage—we do recommend one over the other.

If you’re primarily concerned with keeping track of successful trades while documenting and learning from trading mistakes, we’d recommend TraderVue. Thanks to the affordable pricing, you can’t go wrong!

On the other hand, if you want to perform in-depth trade analysis while you track your trading activity, we recommend you choose TraderSync. The service may be a bit more pricey, but if you’ll actually take advantage of the AI-powered insights, they could prove extremely useful!

Click here to join TraderSync, or click here to get started with TraderVue!
Save 15% on TraderSync with Coupon Code MM15

Frequently Asked Questions

What are the main differences between TraderSync and Tradervue?

TraderSync is known for its visually appealing interface and advanced analytics, making it suitable for traders who value data visualization and organization. Tradervue, however, focuses on community features and robust journaling capabilities, ideal for traders who enjoy collaborative environments.

Can both TraderSync and Tradervue handle options trading?

Yes, both platforms support options trading, but Tradervue offers more sophisticated reporting features tailored specifically for the complexities of options trading, which may appeal to traders who focus heavily on this asset class.

Is there a mobile app available for TraderSync and Tradervue?

TraderSync offers a dedicated mobile app that provides full functionality for traders on the move, whereas Tradervue’s web platform is mobile-responsive but lacks a standalone app, potentially limiting its usability on mobile devices.

How do these platforms help improve trading performance?

Both platforms provide analytics and performance metrics that help traders identify strengths and weaknesses in their strategies. By reviewing detailed reports, traders can make informed adjustments to improve their overall trading performance over time.

Are there any community features in TraderSync and Tradervue?

TraderSync has limited community features, focusing more on individual analytics. Tradervue, however, emphasizes community collaboration, allowing users to share insights and strategies, which can be beneficial for traders seeking a more interactive and supportive trading experience.