Fips vs Edgewonk: a free-to-start trading journal alternative
Edgewonk is an established paid trading journal with a strong focus on statistics and trading psychology. Fips approaches the same problem from the workflow side: you can start on a free plan, trades sync from your broker, and the lot size calculator and economic calendar sit in the same app as the journal.
Why traders look at Fips as an Edgewonk alternative
Start without paying
Fips has a free plan with the journal, the lot size calculator and the economic calendar. Edgewonk is sold as a paid product; check edgewonk.com for its current plans and trial terms.
Position sizing next to the journal
Work out the lot size for a planned trade from your risk and stop loss, then review the same trade in the journal once it closes, without switching tools.
Economic calendar included
High-impact events are in the same dashboard, so you can see what was on the calendar when you review a trade.
Broker sync and CSV import
MT4 and MT5 sync through the Fips EA, cTrader through Spotware sign-in, crypto exchanges through read-only API keys, and CSV import covers everything else.
Where Edgewonk is strong
- Edgewonk has been around for years and is known for detailed trade statistics and for putting trading psychology and discipline at the centre of the review process.
- If deep psychological review is the main thing you want from a journal and you are happy to pay for it, Edgewonk is a reasonable choice.
- If you want to start free, keep position sizing, calendar and journal in one place, and sync trades from MT4, MT5, cTrader or crypto exchanges, Fips is built for that workflow.
Fips at a glance
- Free plan
- Trading journal with 30-day history, lot size calculator, economic calendar and technical analysis toolkit. No credit card required.
- Pro plan
- Unlimited trade history, advanced analytics, data export and priority support.
- Broker sync
- MetaTrader 4 and 5 through the Fips EA, cTrader, DXtrade, TradeLocker, Tradovate, OANDA, Exness, Binance, Bybit, OKX, KuCoin and MEXC. Interactive Brokers through FlexQuery.
- Everything else
- CSV import with a guided column mapper.
- Position sizing
- Built-in lot size calculator for forex, gold, silver and crypto with pip value and margin.
- Where it runs
- Web app and desktop app.
Moving your history from Edgewonk to Fips
- Create a free Fips account.
- Export your trade history from Edgewonk, or export it straight from your broker platform, as a CSV file.
- In Fips, open Journal → Import, upload the file and map the columns (symbol, direction, entry, exit, size, P/L).
- Connect your broker (MT4, MT5, cTrader or a supported exchange) so new trades sync automatically.
FAQ
Try Fips free
The free plan includes the trading journal, the lot size calculator and the economic calendar. No credit card required.