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Davinchu vs Myfxbook vs FXmonitor vs Edgewonk

A comparison of trader tools by data sources, journal, risk limits, public statistics and price — based on the official pages as of 11 October 2026.

PublishedOctober 11, 2026UpdatedOctober 13, 2026AuthorDavinchu teamReading time7 min

Articles

All articlesDavinchu TradeOS overviewHow to use MT5Compound interestForex trading sessionsFunding rateCopy trading: picking a traderGrid and martingale riskMT5 tester vs live accountYour first 30 days in tradingStop loss and take profit in MT5Margin, margin call, stop outMT4 vs MT5Edgewonk vs DavinchuTradezella, TradesViz, DavinchuFX Blue vs DavinchuIntelinvest, Snowball, DavinchuLiquidation price: Bybit, BinanceInvestment tracking: Excel or appChecking an EA before buyingSelling EAs and signalsMT5 alerts in TelegramWhy an EA isn't tradingVPS for an EAPassing a prop challengeEvaluating a strategyTrading plan and checklistTilt and overtradingMT5 investor passwordInstalling an EA in MT5Showing results to investorsReturn: TWR and XIRRBybit trade historyCrypto portfolio trackingReviewing students' journalsTrading teamProfit factorTrading expectancyRisk/reward ratioThe 1% ruleSharpe, Z-score, AHPR, GHPRTrailing vs static drawdownLimiting losses in MT5Crypto trading journalRead-only API keyLot size calculationTrading journal templateMT5 account monitoringMyfxbook alternativesTrading journal for MT5Prop firm risk managementCalculating drawdownStocks from IBKR and T-BankJournals and monitoring compared

In short. These services do different jobs. Myfxbook is free verified account statistics for the public. FXmonitor is inexpensive live monitoring of MetaTrader terminals with Telegram alerts. Edgewonk is an in-depth trade journal focused on psychology, sold as an annual subscription. Davinchu combines an automatic journal, risk limits in MetaTrader 5, crypto exchanges and stock brokers, public pages and teamwork in one dashboard — one tool instead of three: the journal fills itself, the terminal enforces the limits, and results open by link.

Davinchu is our product. So for other services we only state what they say on their own official pages; the data was checked on 11 October 2026, and prices and features change.

Comparison at a glance

DavinchuMyfxbookFXmonitorEdgewonk
What it istrader dashboard: journal, risk, portfolio, statisticsaccount monitoring and result verificationlive monitoring of MetaTrader terminalstrade journal
Data sourcesany forex and CFD broker on MetaTrader 4 and 5, prop firms included (EA); Bybit and HTX futures and Bybit spot via read-only API; Binance, OKX, BingX, IBKR and T-Bank balances — in the portfolioMT4, MT5 and other platformsMT4 and MT5 via an EAautomated imports from supported brokers
Trade journalautomatic and manual: setups, tags, mistakes, reviewsstatistics from account historynot statedtags, mistakes, Tiltmeter, checklists, MAE/MFE reports
Risk limits in the terminalyes, MetaTrader 5: daily loss, drawdown, risk per trade, number of trades; for MT4 — in developmentnot statedno, alerts onlynot stated
AlertsTelegram, Discord, email; «Account connection lost» after 10 minutes—Telegram: connection, drawdown, margin, balance—
Public statisticsyes: account and portfolio — with chosen fields, journal — without personal notesyes, with history verified against the broker——
PriceFree — 2 accounts at no cost; Plus $9, Pro $22, Elite $49 per monthcore features are freeFree — 1 account; PRO 249.90 RUB per month; MULTI and BUSINESS for more accounts$197 per 12 months (the page also shows $169)

A dash means the service's official page doesn't say.

Myfxbook

Its main value is verification. Myfxbook checks the account history against the broker's data and marks the track record as verified, and separately confirms the owner's trading privileges. That makes a public account harder to fake. Its official pages describe no trade journal with review and no risk limits: the service shows the result but does not help you improve it.

FXmonitor

The service shows the current state of MetaTrader 4 and 5 terminals: balance, return for the day, week and month, drawdown, margin level and open pairs; data updates roughly every 10 seconds (once a minute on the free plan). Telegram alerts cover lost terminal connection and changes in drawdown, margin level and balance. The service page mentions no trade journal and no crypto exchanges, and on the free plan data is not stored.

Edgewonk

A journal for detailed review: up to 20 custom statistics, mistake tracking, a Tiltmeter showing how often you break your rules, setup checklists, MAE/MFE reports, drawdown analysis and a weekly automatic pattern scan (Edge Finder). Markets — forex, stocks, crypto, futures, options. Billing is an annual subscription with a 14-day money-back guarantee; there is no free plan, and the service removed its public profile in 2024.

What Davinchu does

  • The journal fills itself from MetaTrader 4 and 5, Bybit and HTX futures and Bybit spot; you add the setup, risk, a comment on the entry reason, the mistake and a chart screenshot link — see «How to keep a trading journal in MT5» and the «Trading journal» page.
  • The T-Manager risk manager for MetaTrader 5: when the daily limit is hit, it won't open new trades until the end of the day; when the drawdown limit is hit — until the drawdown falls below it — how it works on a prop account.
  • Stock brokers IBKR and T-Bank in one portfolio with crypto — stock tracking.
  • Psychology in the same journal: emotions before and after a trade, mistakes from a list («Revenge trade», «FOMO», «Moved the stop» and others), the «Review» tab with the cost of violations and a tilt alert when manual trades speed up or size grows after losses — how it works.
  • Alerts to Telegram, Discord and email: trades, margin and drawdown, stop-outs, risk limits, a daily report, and «Account connection lost» when data stops arriving.
  • Public account and portfolio pages — you choose which fields are visible; a public journal — with statistics and trades, without personal notes.
  • AI review of recurring mistakes and Spaces for teams, schools and communities.

How to choose

  • Watching the terminal and getting alerts. The Davinchu Trade Monitor EA sends trades, margin, drawdown and stop-outs to Telegram, Discord or email, and the trades go into the journal and statistics as well.
  • Reviewing trades and psychology. The Davinchu journal fills itself — all that is left by hand is marking the setup, mistake and emotions; «Review» counts what plan violations cost.
  • Sticking to your limits. The T-Manager risk manager closes new entries through its panel at the daily limit and the maximum drawdown right in MetaTrader 5.
  • Showing results. A public account page with the fields you choose; data comes from the terminal and exchanges, and the account's trades and balance cannot be edited in the dashboard.

All of it, plus crypto exchanges, IBKR and T-Bank stocks and a team, in one Davinchu dashboard. The Free plan connects two accounts at no cost, with no time limit (pricing).

Journal, risk manager and analytics in one dashboard

Free forever: 2 accounts, a journal and AI reviews. Setup takes 5–10 minutes.

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