The Trading Terminal vs Edgewonk — Honest Comparison
Edgewonk is a desktop-based trading journal with psychology tracking and a trade simulator. This page compares it to The Trading Terminal on platform model (desktop vs web), free tier, prop firm risk tools (Risk Desk, Do Not Trade), analytics depth (60+ views) and pricing. Updated 5 October 2026. Competitor data last verified: September 2026. Independently researched September 2026 and not rechecked on 5 October 2026. Confirm current pricing and features at edgewonk.com before purchasing.
The Real Difference
Edgewonk is a one-time-purchase desktop software — you download it and it runs locally. The Trading Terminal is web-based — your data is accessible from any device, updates automatically and doesn't require installation. Beyond the platform model, the key TTT differentiation is risk management (Risk Desk with breach warnings) and a free tier with no card required. Edgewonk is paid-from-first-use.
The Trading Terminal is a trading performance platform — 16 modules across journaling, analytics, risk management and strategy research. The core difference is depth: Risk Desk with breach warnings, Mistake Cost Analysis that shows the net P&L of every tagged mistake, Trade Lab for named strategy tracking, and 60+ analytics views including Trader DNA and 0–100 Edge Score. The Free plan is a full journal with set limits and no trial period.
Feature Comparison
| Feature | The Trading Terminal | Edgewonk |
|---|---|---|
| Free tier | ✓ Full journal + dashboard | ✗ No free tier — US$197/year upfront (14-day money-back guarantee) |
| Paid from | A$19/mo (Pro) | US$197/year (approx US$16.40/mo). Annual payment only — no monthly option. |
| Analytics views | ✓ 60+ analytics views | ✓ Edge Finder AI, Tiltmeter (emotion/psychology), trade simulator, R-multiples |
| Mistake Cost Analysis | ✓ Net P&L per mistake tag | Partial — Tiltmeter tracks emotional mistakes; no dollar-cost-per-mistake breakdown |
| Trader DNA | ✓ 9-dimension performance breakdown | Not listed |
| Edge Score (0–100) | ✓ Composite gauge from 6 signals | Not listed |
| Risk Desk / breach tracking | ✓ Distance-to-breach bars | Not listed |
| Do Not Trade rules | ✓ Data-driven rule engine | Not listed |
| Trade Lab (strategy tracker) | ✓ Named strategies, best conditions, comparison | Partial — trade simulator allows what-if analysis; no named strategy comparison module |
| Broker import | ✓ cTrader OAuth, MT4/MT5 Expert Advisor | ✗ Manual entry only — no broker import, no OAuth, no EA connection |
| Position sizer | ✓ Free, 25 instruments | Not listed |
| Modules total | 16 modules | Journal, Analytics, Edge Finder, Tiltmeter, Trade Simulator |
Edgewonk data independently researched September 2026. Pricing and features change — verify at edgewonk.com before purchasing. The Trading Terminal is not responsible for decisions made based on information that has since changed.
When to Choose The Trading Terminal
- You want a free plan that's a real product — full journal, dashboard, position sizer, no card required
- You need prop firm risk management — Risk Desk with breach warnings built in
- You want deep analytics — 60+ views, Mistake Cost Analysis, Trader DNA, Edge Score
- You're running multiple strategies — Trade Lab tracks each one independently
- You trade forex, gold, indices, crypto, oil or futures with multiple accounts