Fips vs Edgewonk: a free-to-start trading journal alternative
Edgewonk is an established paid trading journal known for detailed statistics and its focus on trading psychology, with tools like the Tiltmeter and an edge finder. Fips approaches the same job from the workflow side: a free-forever plan, automatic sync for MT4, MT5, cTrader, Interactive Brokers and major crypto exchanges through read-only access, CSV import for other platforms, chart replay backtesting and free position-sizing tools.
Key differences
Start without paying
Fips is free forever with a 30-day trade history and no credit card. Edgewonk is a single paid plan at $197 per 12 months (excl. VAT) with a 14-day money-back guarantee (as of October 2026).
MT4 and MT5 without manual entry
MT4 and MT5 accounts sync automatically: connect with the account number, server and read-only investor password, or run the Fips connector on your own computer, which sends your account data to Fips. No broker partnership is needed. cTrader (view-only Open API access), Interactive Brokers (Flex Web Service token) and crypto exchanges such as Binance, Bybit, OKX, Kraken and Coinbase (read-only API key) sync automatically too; Hyperliquid and dYdX v4 connect with a wallet address. Other platforms, for example TradeLocker, DXtrade or Match-Trader, come in through CSV import with a column mapper. Re-upload a fresh export to keep it current, or add trades manually.
Backtesting with chart replay
Bar-by-bar chart replay on real 1-minute forex and gold history, with spread, commission and slippage, is included in the free plan.
Position sizing and calendar
Free lot size and risk calculators run in the browser, and an economic calendar is included.
Pricing in USD (as of October 2026)
| Item | Fips | Edgewonk |
|---|---|---|
| Free plan | Free forever: 30-day trade history, economic calendar, no credit card | No free plan |
| Paid | Pro $19.99/month or $139/year · Team $69.99/month or $559/year | $197 per 12 months (excl. VAT) |
| Trial / guarantee | 7-day Pro trial (card required); refund within 7 days (Pro monthly) or 30 days (Pro annual, Team) of the first payment | 14-day money-back guarantee |
Edgewonk price from edgewonk.com/pricing as of October 2026. Prices change; check the vendor’s site before you decide. Third-party brand names belong to their owners.
Who should pick which
Edgewonk may suit you better if
- Deep psychological review (Tiltmeter, edge finder) is the main thing you want from a journal.
- You prefer one yearly payment for a tool with a long track record.
Fips may suit you better if
- You want to start free and upgrade only when you need unlimited history.
- You trade on MT4 or MT5 and want a read-only connection that syncs automatically.
- You want chart replay backtesting and free lot size and risk calculators in the same product.
Fips at a glance
- Free plan
- Free forever, no credit card. Trading journal with a 30-day trade history, the economic calendar, free calculators and chart replay backtesting.
- Pro
- $19.99/month or $139/year (save up to 42%). Unlimited history, advanced analytics, data export and priority support. 7-day free trial, card required.
- Team
- $69.99/month or $559/year.
- Refunds
- On your first payment: within 7 days on Pro monthly, within 30 days on Pro annual and Team.
- MT4 / MT5
- MT4 and MT5 accounts sync automatically: connect with the account number, server and read-only investor password, or run the Fips connector on your own computer, which sends your account data to Fips. No broker partnership is needed.
- Other platforms
- cTrader (view-only Open API access), Interactive Brokers (Flex Web Service token) and crypto exchanges such as Binance, Bybit, OKX, Kraken and Coinbase (read-only API key) sync automatically too; Hyperliquid and dYdX v4 connect with a wallet address. Other platforms, for example TradeLocker, DXtrade or Match-Trader, come in through CSV import with a column mapper. Re-upload a fresh export to keep it current, or add trades manually.
- Backtesting
- Bar-by-bar chart replay on real 1-minute history (EURUSD, GBPUSD, USDJPY, AUDUSD and USDCAD from 2003, NZDUSD from 2005, gold from 2009), with spread, commission, slippage and statistics in R. Manual replay, no tick data.
- Tools
- Free lot size and risk calculators in the browser (including prop-firm and symbol pages), a prop-firm rules reference and an economic calendar.
- Where it runs
- Web app in private beta (join the waitlist for an invite), in 6 languages.
- Coming soon
- AI trade coach; futures support; native iOS and Android apps; Windows, macOS and Linux desktop apps.
- Made by
- T2MA Labs LLC.
Moving your history from Edgewonk to Fips
- Join the Fips waitlist; when your invite arrives, create your free account. No credit card required.
- Export your trade history from your broker or trading platform as CSV. To move records out of Edgewonk itself, check Edgewonk’s help for its current export options and save the result as CSV.
- In Fips, open CSV import, upload the file and match your columns (symbol, side, entry, exit, size, P/L) with the column mapper.
- Connect your accounts with read-only access so new trades sync automatically: MT4 and MT5 with the investor password or the Fips connector, cTrader with view-only Open API access, Interactive Brokers with a Flex Web Service token, crypto exchanges with a read-only API key. Other platforms come in by CSV import, re-uploaded whenever you want to bring the journal up to date, or by manual entry.
FAQ
Fips is free forever with a 30-day trade history and no credit card. Pro is $19.99/month or $139/year (save up to 42%) and adds unlimited history, advanced analytics, data export and priority support, with a 7-day free trial (card required). Team is $69.99/month or $559/year. As of October 2026, Edgewonk is a paid product at $197 per 12 months (excl. VAT).
Fips imports CSV files with a column mapper. Export your history from your broker platform as CSV, or check Edgewonk’s current export options and save the file as CSV before importing.
MT4 and MT5 accounts sync automatically: connect with the account number, server and read-only investor password, or run the Fips connector on your own computer, which sends your account data to Fips. No broker partnership is needed. cTrader (view-only Open API access), Interactive Brokers (Flex Web Service token) and crypto exchanges such as Binance, Bybit, OKX, Kraken and Coinbase (read-only API key) sync automatically too; Hyperliquid and dYdX v4 connect with a wallet address. Other platforms, for example TradeLocker, DXtrade or Match-Trader, come in through CSV import with a column mapper. Re-upload a fresh export to keep it current, or add trades manually.
Yes. Free lot size and risk calculators run in the browser, including pages for prop firms and specific symbols.
Get early access to Fips
Free forever with a 30-day trade history, chart replay backtesting and the free lot size and risk calculators. No credit card required. The web app is in private beta: join the waitlist for an invite.