TraderSync vs TraderVue 2023

Gone are the days when you had to manually write down your trading activity to monitor your trading performance. Nowadays, online trading journals make it easy for traders to track the success—or failure—of their trading strategies using online platforms.

Like most other financial services, investors have plenty of choices to choose from. We’ll be focusing on two today in this article. Which one will provide the better value?

Find out in this TraderSync vs TraderVue comparison!

Each service is capable of importing data from a trading platform, and both support the same asset classes. Having the ability to instantly view your day trading performance is certainly useful, but you should consider all of the different capabilities & limitations if you want to become a truly profitable trader.

Free Features	Manually record & track trades	30 trades/month, basic journaling, basic reporting, sharing
Paid Features	Manually record & track trades Pricing reports, volume reports, setup reports, mistake reports, weekly reports, hourly reports, sector reports, market cap reports, evaluator reports, simulator reports, AI-powered insights, automatic target/stop losses tracking, automatic spread detection, “Stock Market Replay”, trading management features	Unlimited trades, enhanced journaling, advanced reporting, risk analysis
Annual Subscription Fees	$0-$79.95/month	$0-$49/month
Securities Analyzed	Stocks, forex, options, futures	Stocks, options, futures, forex
Best Use	Online trading journal	Performance tracking and analysis
Current Promotion	More Info	More Info
Modest Money Overall Rating	4.5 rating based on 5 ratings	4.4 rating based on 5 ratings

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

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!