TradeZella vs. TraderVue: The Final Showdown
Online trading journals have become more popular over the past few years, and finding the best one can be a minefield. We’re comparing the features, price and everything else you want to know about TradeZella vs. TraderVue.
Author - TradeZella Team
As trading becomes more popular by the day, solutions to the ol’ pen-and-paper journaling systems are becoming more outmoded. After all, have you seen what some of these online journals can do?
Trading journal software simplifies the journaling process by giving users the ability to import their trades, get a visualization of their performance, and so much more.
In this article, we’ll be focusing on TradeZella vs. TraderVue - two of the best day trading journals. We say day trading, but to be honest they can help any style of trader to become their best.
*Disclaimer: We know we have bias, but we won’t tell you which is best. We’re just going to compare and contrast. It’s completely up to you whether you go with TradeZella or TraderVue (or an alternative like TraderSync). We’re just glad you’ve taken the step to start journaling. In this piece, we supply the information: you make the call.
TradeZella vs. TraderVue: User experience
TraderVue has a minimalist user theme. Its sidebar lists a range of features including a calendar, reports, and a place to view your trades.
With one glance at the dashboard, you can view your trading progress in terms of P&L and weekly or monthly performance.
TradeZella’s dashboard also has a minimalistic approach, displaying key data such as P/L, trade expectancy, profit factor, and calendar view. Compared to TraderVue it has a more modern and visually-engaging approach with nice little pops of color.
The questions you should be asking yourself here are “what data do I want to see at a glance? and “how much data is overwhelming?”
If you want a straight to-the-point summary of your P&L performance, TraderVue is the interface for you. However, if you’re looking for more detail with a still simplistic approach, TradeZella is likely to suit you better.
TradeZella vs. TraderVue: User experience
The overall experience with TraderVue is still on-theme with what the above - simplicity and visualization.
You can toggle between features pretty easily. Just open the sidebar to take a look at your trades or write notes about a recent play you took.
While TraderVue is laid out clearly and easy to navigate, some may notice that simplification does come at the expense of in-depth features. We’ll go over this more later, but it’s just something to keep in mind.
If you have no time to waste and want a no-frills visualization of data, TraderVue is perfect for you.
Now let’s take a look at TradeZella’s user experience. Like TraderVue, TradeZella also has a similar navigation sidebar where you can access the dashboard, trade log, reports, and Zella University.
TradeZella offers a good balance between minimalist, easy-to-navigate interface, while still maintaining enough detail to get an in-depth look at your trading history. When we dive into features, you’ll see this more prominently.
If you’re looking to gain further insight from your data, and spend a bit more time looking into analytics and reports, TradeZella has the edge.
Tradezella vs. TraderVue: Trade import/API-Sync
Importing your trades and getting your data into your online journal is the first – and arguably most important – step. So, let’s take a look at what the options are within TradeZella and TraderVue.
If it’s about the number of brokers supported. TraderVue takes the W. TradeZella is adding more brokers each month, but TraderVue already supports a multitude – including for instruments such as crypto and forex.
Although it doesn’t have as many as TraderVue yet, TradeZella does already support an impressive array of brokers covering options, stocks and futures trading.
You can find a full list of TradeZella’s supported brokers here.
Auto-Import (or API-Sync) is one of the hot features that online journals are bringing to traders nowadays. What is API-Sync, you might ask?
Imagine linking your broker to your journal just once, and each time you sign in, your data is already there. Pretty neat, right? And it definitely beats pulling and uploading .csv files every day.
If this is a feature you want to take advantage of, it’s really a battle of the brokers here. If you use Thinkorswim (TD Ameritrade), TradeStation, Robinhood, or Interactive Brokers, TradeZella is your golden egg.
Or, if you’re working with CMEG, DAS Trader, NinjaTrader, or SpeedTrader, you’ll rest easy knowing that TraderVue supports Auto-Sync for them.
TradeZella vs. TraderVue: Features
When comparing journals, the main thing we want to know is which one has the most useful features. Let’s take a look.
TraderVue has these features:
- Price charts
- Tagging setups and mistakes
- Share Access to plays
- Running P/L
TradeZella has all those features listed above, PLUS:
- Zella University (trader development video library)
- Playbook feature (customize and share your playbooks)
- Market replay (re-watch your trade play out)
- Zella Score
- Zella Insights
So, if you’re simply looking for access to basic note-taking features, tagging capabilities, and data visualization, TraderVue has got you covered.
But, if you want more in-depth coaching, detailed reports, and the ability to re-watch your trade so you can see how it plays out, TradeZella wins the battle.
TradeZella vs. TraderVue: Trader Development
We already know how trading journals can help you to become a better trader. But, aside from offering you a space to analyze and reflect, how does each journaling platform really elevate and develop your skills?
As we mentioned before, TraderVue offers the capability to share your trades amongst friends and mentors so that they can provide you with feedback on your progress.
This can be helpful when working within a community of traders because you can easily share trades that you took and receive constructive criticism.
TradeZella also has some great features that have really set the bar high in the trader development category.
We spoke about Zella University earlier, the trader development video library with plenty of lessons on how to be a better trader. This covers everything from how to improve certain metrics to how to address specific mistakes. There’s even some stuff in there about psychology.
With new videos being released regularly users can feel confident that, when they experience pitfalls or challenges in their trading, they can come to Zella University for answers on how to address their weaknesses.
The next feature that truly ties it all together in the trader development category is the Playbook.
TradeZella created a feature where users can customize their playbooks by setting entry and exit criteria, rules, and even market conditions.
They can then share these playbooks with other traders and get feedback.
So, in summary, TradeZella offers more in terms of trader development here than TraderVue does.
TradeZella vs. TraderVue: Pricing
This is what we REALLY want to know right? Let’s get down to it.
TraderVue offers two plans: a Silver ($30/mo) and a Gold plan ($50/mo). They also offer a free version, but the features and amount of trades able to be imported are extremely limited.
So, how much is TradeZella? It offers a flat monthly rate of ($49/mo).
To keep our comparison fair, we’ll look at TradeZella against TraderVue’s ‘Gold’ plan at the same price point. We’ve also added on TraderSync, for those looking for an alternative to this popular platform.
There is a fair amount of overlap between the two. However – as we discussed above – you get far more features with TradeZella when compared to the highest tier plan with TraderVue. You can see a full rundown of TradeZella features here.
TraderVue’s highest tier plan includes two features that TradeZella doesn’t have: forex support and liquidity reports. That said, when it comes to trader development, in-depth reporting, filters and data analysis, we see TradeZella has gone far in this category for the price point.
TradeZella vs. TraderVue: Summary
While the two TraderSync alternative journals both focus on helping traders achieve progress in their process, they would suit two completely different types of people.
The person going for TraderVue would be looking for a no-frills, easy-to-navigate, simplistic approach to visualizing their data.
On the other hand, the person going for TradeZella would be looking for a more detailed, extremely in-depth approach to analyzing their strengths and weaknesses and coming full circle in learning how to correct mistakes.
As we mentioned, you make the call. Which trader are you?
If you’re the second type, you can sign up for TradeZella here.