Unbiased feature comparison: TradesViz vs Competitor 2
With so many online trade journals popping up recently, we thought we'd do a comparison with one of the newer and one of the fewer trading journals with both a website and an app for journaling.
What makes our comparison unbiased? We are not going to pick all the features that we have and they don't and put checkmarks beside it and a cross mark on the competitor column - that's outdated and we know our users are smart enough to notice this.
Instead, we will pick all the features from the competitor's website on their pricing page for the highest/most expensive plan (at the time of writing this post) and compare them directly with TradesViz!
Here's the table features comparison table:
Bold feature name: TradesViz-specific features. All other features are taken from Competitor 2.
- X: Feature not available.
- O: Feature available.
- O(f): Feature available in the free version itself.
- ?: Not enough info to compare the feature.
|Feature name||TradesViz||Competitor 2|
|Trades manual entry||O(f)||O|
|Manual stop-loss tracking||O||O|
|Manual target tracking||O||O|
|Holding time report||O(f)||O|
|Market cap report||X||O|
|Commissions and fees tracking||O||O|
|Pre/Post market data||O(f)||O|
|Automatic charts (2 or more)||O||O|
|Auto stop/target tracking||O||O|
|Artificial intelligence insights||?||?|
|Auto spread detection||O||O|
|Charts with entry/exit points||O(f)||O|
|Auto expiry adding||O||O|
|Side-by-side strategy comparison||O||X|
|Static + dynamic charts||O||X|
|Ability to draw/write on charts||O||X|
|Detailed trade explore||O(f)||X|
|Detailed day explore||O(f)||X|
|Add notes/tags/images/charts to each day||O(f)||X|
|Stock fundamentals visualization||O(f)||X|
|Stock ownership visualization||O||X|
|100+ performance statistics||O||X|
|Options greeks vs pnl statistics||O(f)||X|
|Market vs your performance statistics||O||X|
|Auto import features||O(f)||X|
|Flexible import/grouping settings||O||X|
|Manage each trade import||O||X|
|Logical operator search for tables||O||X|
|Multiple table views (day, symbol, trade)||O(f)||X|
|Support US/Canda/India stocks||O(f)||X|
|Ability to detect and merge spreads w/o brokerage labeling||O||X|
|Overlay multiple statistics on charts||O||X|
|Explore/drill down EVERY datapoint||O||X|
|Group apply operations for trades||O||X|
|Dedicated Split/merge trade features||O(f)||X|
|Auto-generated smart insights for all PnL charts||O||X|
|Default chart settings (auto add charts on import)||O||X|
|Add deposits/withdrawals and visualize them||O(f)||X|
|Build custom trade reports||O||X|
|Intraday PnL-change charts||O||X|
|Unrealized PnL for open trades||O(f)||X|
|Risk/reward vs PnL charts and metrics||O(f)||X|
|Manually add multi-leg/spread options trades easily||O||X|
|Dedicated notes management||O||X|
|Trade/Trading day sharing||O(f)||X|
|Account (view-only) sharing||O||X|
Finally, the most important question: What's the cost?
TradesViz offers only 1 single paid plan with ALL the features listed above and more. You pay either $20 on a monthly basis or $180 on a yearly basis ($15/mo - 20% discount). That's it - no hidden offers, no discounts after you log in, no marking up the price to give a fake sense of discount.
Competitor 2 offers 3 plans which at the time of writing vary from $30 to $70 on a monthly basis their yearly plans give you a small discount (again, taken at the time of writing this post from their pricing page).
When you get most of the features for free on TradesViz, why even consider other options?
Apart from that, we are continually adding new features and on a feature-by-feature basis - even ignoring the cost, TradesViz comes out as the obvious winner. If we include price into consideration, then you are getting more than 3x the features for 1/5th of the price! ($180 yearly TradesViz vs $834 yearly Competitor 2).
What is your opinion?
Feel free to reach out to us ([email protected]) if you think this comparison is not fair or if you have any other questions!