Edgewonk has a loyal following, particularly among traders who care more about the psychology behind their trades than about how those trades get into the journal in the first place. It takes a genuinely different approach from most journals on the market — one flat price, everything included, nothing metered or gated. Here's an honest comparison for a futures/prop- firm trader specifically.
What Edgewonk gets right
- One price, everything included. $197/year (effectively around $12/month with the current promotional billing), no tiers, no feature gating, and a 14-day money-back guarantee to try it risk-free.
- Psychology tooling most journals don't build. A Tiltmeter that tracks rule-breaking frequency, a mental journal for free-form reflection, and an Automated Edge Finder that scans your history weekly for strengths and weaknesses.
- Real trade-management analysis. MFE/MAE reports, drawdown analysis, profit factor, expectancy, and a Trade Management Optimizer that looks at why you lose trades once you're in them, not just after the fact.
- Broad market support. Forex, stocks, futures, crypto, CFDs, indices, and options are all listed as supported, with automated trade imports rather than pure manual entry.
Where the fit gets narrower
There's no free way to use it long-term. The 14-day money-back window is genuinely risk-free, but past that, it's the full $197/year commitment or nothing — there's no lightweight free tier to import a handful of trades and see the analysis first.
It's a broad multi-market tool, not a futures specialist. Futures is one of several supported markets rather than the design center — there's no indication it models the futures trading day's specific session boundary, or the drawdown rules a funded prop-firm evaluation account is actually measured against.
The psychology-first design is a strength for some, a mismatch for others. If what you want most is precise commission and P&L accounting on high-frequency futures fills, that's not where Edgewonk's feature depth is concentrated.
Where ExpectancyIQ is different
ExpectancyIQ is built around one asset class and one problem: getting the numbers exactly right for futures and prop-firm trading. Trades import from Tradovate, NinjaTrader, cTrader, and Topstep exports — or arrive on their own, if you connect a cTrader account on Pro — and a FIFO fill-matcher reconstructs trades with exact per-fill commission from fills-based exports — not a blended estimate. The 5pm CT trading-day rollover is a first-class rule, not an afterthought. Risk & Prop tracks each account's own drawdown rule (static, trailing end-of-day, or trailing intraday), daily and max loss limits, consistency, and distance to bust, and Forecast (Pro) runs 1,000 simulated futures of your own trades to show your chance of hitting the profit target before you bust. Seven Reports — Performance, Timing, Strategies, Markets, Mistakes & Habits, Risk & Prop, and Forecast — hold 53 charts, with every section titled as the question it answers, and a Trade Score rates your edge from 0 to 100 across six parts, from profit factor to discipline. The Mistakes & Habits report puts a dollar cost on each mistake and compares trades after a win with trades after a loss, and each day is flagged for tilt, overtrading, and loss-limit breaches — alongside a daily journal with a pre-market plan and mood, and per-trade notes on setup, plan, execution, and mindset. That is a lighter-weight take on the same psychology-matters premise Edgewonk is built around. The AI Coach (Pro) reviews a single trade against your plan, sums up your day, grades your week A to F with three actions, summarises your strengths and leaks, and answers questions about your own results. It works only from figures the app has already calculated, so when a number isn't there it tells you what to log instead of guessing. A per-account deposits/withdrawals ledger, a running per-trade balance column, and per-account currency keep the balance figure reconciled against a broker or prop-firm statement.
The honest trade-off: ExpectancyIQ has no stand-alone Tiltmeter score, its closest thing to the Edge Finder (the AI Coach's weekly report card and patterns summary) is Pro-only, and it has no real stock or options broker integration, so it is unlikely to be the better choice if psychology tooling or non-futures markets are your priority.
Pricing side by side
| Plan | Price | Notes |
|---|---|---|
| ExpectancyIQ Free | $0 | 14-day trial, then read-only: 1 account, Trade Score, 43 report charts, full journal and reviews |
| ExpectancyIQ Pro | $132/year, or $99/year during a promotion — the price you join at is the price you keep | Annual only, 5 accounts, AI Coach, all-time stats, all 53 charts including the Forecast simulator, cTrader auto-sync |
| Edgewonk | $197/year (~$12/mo on current billing) | Single plan, everything included, 14-day money-back guarantee, no free tier |
Edgewonk's single-plan pricing is simple by design, but there's no way to try it without paying first beyond the refund window — check current terms on their site before deciding, since billing structures change over time.
A worked example: what the price difference buys you over a year
At list pricing, ExpectancyIQ Pro runs $132/year and Edgewonk runs $197/year — a $65/year gap, or about $5.42/month. Over three years that's roughly $195 — nearly a year and a half of ExpectancyIQ at the list rate. Per week the two work out at $2.54 and $3.79 respectively. Whether that gap is worth paying comes down to what you're optimizing for: Edgewonk's Tiltmeter and Automated Edge Finder run across every market you trade and surface behavioral patterns proactively, while ExpectancyIQ spends its engineering depth on futures — getting fill-matching, commission, and the 5pm CT session boundary exactly right, with an AI Coach that grades each week from your own figures, plus a 14-day free trial to see that on your own data before paying anything. A trader who only trades futures is paying Edgewonk's multi-market price for tooling calibrated to markets they don't trade; a trader who also trades stocks, options, or crypto is getting real breadth ExpectancyIQ doesn't attempt. (Pricing on both sides changes over time — verify current numbers before deciding.)
Who each tool is actually right for
If trading psychology is the piece you most need help with, and you trade across multiple markets, Edgewonk's depth there is hard to match. If you're specifically a futures or prop-firm trader who wants exact fill-level accounting and session mechanics handled correctly by default, with a 14-day free trial to try it first, that's the gap ExpectancyIQ closes. Neither replaces the other's specialty — they're built around different questions.
Want to see your own futures trades run through that lens? Import a CSV into ExpectancyIQ for free, or read more on what a dedicated journal shows that a broker dashboard can't. If TradesViz is also on your shortlist, see ExpectancyIQ vs. TradesViz.