In short. There are four ways to monitor a MetaTrader 5 account. The terminal's own report is free but only for you. MQL5 Signals gives public statistics to those who sell copy-trading subscriptions. Myfxbook offers free statistics that it checks against the broker. Davinchu combines monitoring with a trading journal, risk limits and crypto exchanges in one dashboard. The first three show the numbers; Davinchu also helps you improve them, and the Free plan covers two accounts at no cost.
Davinchu is our product. About other services we only state what their official pages say, checked on 11 October 2026. Terms change — see the services' websites for current ones.
Comparison
| MT5 report | MQL5 Signals | Myfxbook | Davinchu | |
|---|---|---|---|---|
| How it connects | built into the terminal | investor password | investor password or an EA | EA in the terminal |
| Terminal must be running | yes, the report is built in it | no | with the password — no, with the EA — yes | yes |
| Public link | no, a file only | yes, the signal page | yes, after full verification | yes, you choose what is visible |
| Where the data comes from | the terminal | trades are read by the signals server | the broker's server or an EA; history and owner privileges are verified | the EA in your terminal; trades and balance cannot be edited in the dashboard |
| Journal and risk limits | no | no | no | yes |
| Price | free | the provider sets the subscription price, the service keeps 20% | free; real-time updates — $60 per year per account | Free — 2 accounts at no cost |
Method 1. The MetaTrader 5 report
Desktop MetaTrader 5 has a built-in trading report: «View → Reports». The Summary, Profit/Loss, Long/Short, Symbols and Risks tabs show growth, maximum drawdown, Sharpe ratio, profit factor, recovery factor, deposit load, MFE and MAE, results by month, year and weekday — separately for manual trading, EAs and signal copying.
Limits: the report covers only the current account and has no public link — you can save it as an HTML or PDF file. The new analytics run on Windows 10 and later; the iPhone and iPad app has had the report since mid-2025. The report knows nothing about your setups, mistakes or plan discipline — not enough to review your own trading.
Method 2. MQL5 Signals
The MetaQuotes signals service is built for selling copy-trading subscriptions. A provider registers as a seller with identity verification, then adds a signal: account number, investor password, server and a monthly price. Trades are read by the signals server, so the terminal does not have to stay on. Balance, equity, deposits, withdrawals and profit are public in real time; the signal page shows growth, drawdown, ratios, history and reviews.
Limits: only real accounts are accepted — no demo, contest or cent accounts; a signal on a real account must be paid, and the service keeps 20% of subscriptions. It is a tool for selling signals, not for monitoring your own account.
Method 3. Myfxbook
Myfxbook connects MetaTrader 4 and 5, cTrader and several other platforms. For MT5 there are three options:
- Auto Update — via the investor password on the service's server, free, no terminal needed; updates every few hours (the help pages say from every 2–4 hours to once a day);
- the Publisher EA — in a Windows terminal with DLL imports allowed, updates every 5 minutes and stops when the terminal is closed;
- Live Update — real time, $60 per year per account.
Its main value is verification: Myfxbook checks the history against the broker (Track Record) and that the owner holds the trading password (Trading Privileges). Without both an account cannot be made public. Crypto exchanges are not among its connections, and its pages do not describe a trade journal with review or risk limits: Myfxbook shows the result but does not help you improve it.
Method 4. Davinchu
The Davinchu Trade Monitor EA runs in your terminal and sends trades, balance, equity, margin and open positions to the dashboard over a secure WebSocket, with no DLL. Your account password is not needed. Data arrives when it changes and at least once a minute; if the terminal was off, the EA catches up on the missed history after it starts.
- the account goes straight into the trading journal with review and into analytics — gain, equity drawdown, Sharpe, Z-score, monthly returns;
- a public account link where you choose what is visible: balance, history, lots, stops, open trades, account number; in a messenger it unfolds into a card with the account name and the numbers you opened;
- an MT5 risk manager with a daily loss limit and maximum drawdown;
- alongside — Bybit and HTX futures, Bybit spot, Binance, OKX and BingX spot balances, and alerts to Telegram, Discord and email.
Data comes from the EA straight from the terminal, and trades and balance cannot be edited in the dashboard. The «Verified by Davinchu» badge on an account portfolio means every account has sent data within the last 7 days. The monitor works with any forex and CFD broker on MetaTrader 4 and 5, prop firms included — on a computer or a VPS; MetaTrader 4 has its own Davinchu Trade Monitor EA, and the MT4 risk manager is in development. More on the «Account monitoring» page.
How to choose
- Reviewing your own trading. Davinchu has the key metrics of the terminal report (growth, drawdown, Sharpe, profit factor, monthly returns), plus a journal with setups, mistakes and the cost of plan violations, and one dashboard for all accounts.
- Showing results to an investor or followers. A Davinchu public link: you choose what to open, the numbers come from the terminal, and the account's trades and balance cannot be edited in the dashboard — only journal notes can. If your investor wants to check the numbers against the broker themselves, also give them the investor password to view the account in the terminal.
- Not blowing the account in a losing streak or a prop challenge. The T-Manager risk manager closes new entries through its panel right in MetaTrader 5 at the daily limit and the maximum drawdown.
- Trading crypto exchanges too. Bybit and HTX futures and Bybit spot go into the journal and analytics of the same dashboard, Binance, OKX and BingX spot balances into the investment portfolio — all via read-only keys.
One Davinchu dashboard covers all four. Start on the Free plan — two accounts at no cost, connecting takes 5–10 minutes (pricing). Journals are compared in «Davinchu vs Myfxbook vs FXmonitor vs Edgewonk».