Comparing Edgewonk and TradesViz is a desktop vs cloud, paid vs freemium comparison. Both are solid options, but with fundamentally different approaches.
Pricing Comparison
Different pricing models make this interesting.
Edgewonk: $169/year subscription (desktop software)
TradesViz: Free (3000 trades/month) or $19.99/month Pro ($240/year)
Cost Analysis
| Scenario | Edgewonk | TradesViz | Winner |
|---|---|---|---|
| Free usage | $169/year | $0 | TradesViz |
| Pro comparison | $169/year | $240/year | Edgewonk |
| 3-Year Pro | $507 | $720 | Edgewonk |
If you’d pay for Pro, Edgewonk is cheaper. If free tier works, TradesViz wins.
Platform Comparison
Edgewonk
- Desktop software download
- Windows and Mac
- Works offline
- Local data storage
- Single computer license
TradesViz
- Cloud-based web app
- Access from any device
- Requires internet
- Cloud data storage
- Use anywhere
Verdict: Personal preference - desktop stability vs cloud flexibility.
Customization
Edgewonk Features
- Build custom metrics
- Create your own statistics
- Flexible tagging system
- Deep personalization
- Custom dashboards
TradesViz Features
- Preset comprehensive metrics
- Standard analytics
- Tag system
- Less flexibility
- More guided experience
Verdict: Edgewonk wins for traders who want to build custom analytics.
Free Tier Analysis
Edgewonk
- 14-day free trial
- Full features during trial
- Must purchase to continue
TradesViz Free
- 3000 trades per month
- Comprehensive analytics
- Use indefinitely
- Some feature limits
Verdict: TradesViz wins for risk-free testing.
Analytics Depth
Edgewonk
- Highly customizable statistics
- Build your own metrics
- Trade replay
- Equity curve analysis
- Advanced filtering
TradesViz
- Comprehensive preset charts
- Risk analysis
- Time-based analytics
- Calendar views
- Multi-portfolio support
Verdict: Both offer deep analytics, different approaches.
Who Should Choose Edgewonk?
- Traders who want custom metrics
- Those who need offline access
- Desktop-focused workflows
- Advanced users
- Traders who prefer local data
Who Should Choose TradesViz?
- Traders who want to start free
- Those who need cloud access
- Budget-conscious traders
- Web-first workflows
- Traders using multiple devices
The Recurring Cost Problem
Both have ongoing costs (unless you use TradesViz free):
- Edgewonk: $169/year forever
- TradesViz Pro: $240/year forever
Over a 5-year trading career:
- Edgewonk: $845
- TradesViz Pro: $1,200
- TradesViz Free: $0 (with limits)
Consider a Third Option
If you want the best of both worlds, JournalPlus offers:
- One-time payment: $159 (lifetime access)
- AI features: Chat with your trading data
- Psychology tracking: Built-in emotion correlation
- Cloud access: Use anywhere like TradesViz
- No recurring fees: Unlike both Edgewonk and TradesViz Pro
JournalPlus costs less than 1 year of Edgewonk with AI features neither platform offers.
Final Recommendation
Choose Edgewonk if: You want customization and offline access, and $169/year is acceptable.
Choose TradesViz if: Cloud access and free tier appeal to you.
Consider JournalPlus if: You want one-time pricing with AI chat features - $159 once vs ongoing subscriptions.