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 a paid plan — 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. A Monte Carlo risk simulator models probability of ruin and probability of hitting a profit target from your own R-multiple history, directly relevant to evaluation-account math. Strategy, sub-strategy, confluence, and mistake tags feed dedicated cost reports, alongside day-level and per-trade journaling with mood and emotion tracking — a lighter-weight take on the same psychology-matters premise Edgewonk is built around. A per-account deposits/withdrawals ledger and a running per-trade balance column keep the balance figure reconciled against a broker or prop-firm statement, and each account has its own currency.
The honest trade-off: ExpectancyIQ doesn't have a dedicated Tiltmeter or a weekly Edge Finder scan, has no real stock or options broker integration, and 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 | 1 account, 50 lifetime imported trades, 10 journaled trades, full dashboard minus Risk Simulator |
| ExpectancyIQ Paid | $115.20 first year, then $144/year | Annual only, 5 accounts, unlimited imports and journaling, all 10 tabs including Risk Simulator |
| 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.
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 free tier 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.