Comparison

Tradelytic vs TraderWaves

Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.

Head to head
About

Tradelytic

This app helps traders improve their performance by automatically logging trades, analyzing performance metrics, and tracking trading psychology. It offers AI-powered news summaries and sentiment analysis for currency pairs, aiding in better decision-making.

Highlights
  • Automated trade logging
  • AI-powered news sentiment analysis
  • Psychology and emotion tracking
  • Detailed performance analytics
  • MT4/MT5 account syncing
  • Customizable trade tags and notes
Features
Read full description

Tradelytic - The Smartest Free Trading Journal with AI-Powered Analysis Tradelytic is an advanced trading journal designed for modern traders who want to improve performance, track progress, and make better decisions. With seamless automation, deep analytics, psychology tracking, and exclusive AI-powered insights, Tradelytic helps you understand why your trades succeed or fail. Smart Trade Journaling Log, tag, and organize your trades with ease. Whether you trade manually or connect your MT4/MT5 account, Tradelytic makes it simple to track your entries, exits, strategies, mistakes, emotions, and trade context – all in one place. Use advanced filters to review specific trade types or uncover patterns in your performance. Deep аnalytics That Matter From win rate and average risk-reward ratio to detailed drawdown tracking and time-based performance trends, Tradelytic gives you the metrics that count. View high-level summaries or drill down into your data by instrument, day of week, hour of day, or strategy. Compare your best and worst trades, identify what works – and what doesn’t. Track Your Trading Psychology and create Trading Plan to get maximum from your trades. Beyond numbers, Tradelytic helps you reflect on your mindset. Tag trades with emotions, rate your confidence, and track psychological factors over time. Recognize patterns like fear, revenge trading, overconfidence, and hesitation – so you can eliminate them from your routine. Multi-News AI Analysis Instead of reacting to isolated headlines, Tradelytic’s AI scans multiple recent news items related to the same currency pair. It generates a short, professional 3-5 sentence summary, written from a market perspective – showing if sentiment is bullish, bearish, or neutral. Each summary includes a StrengthScore from 1 to 10, helping you understand how strong the sentiment is – from very weak to extremely bullish. See news sentiment across two timeframes: - Last 24 hours – for short-term reactions - Last 7 days – for sustained or fading trends You get both the story and the score – helping you act fast without losing context. Other Features - Clean dashboard with trade history, filters, and performance charts - Automated syncing with MetaTrader 4 & 5 - Add screenshots, trade tags, and strategy notes - Categorize by asset, strategy, confidence, or emotion - Export and back up your data anytime Tradelytic is free – forever. No paywall. No trial period. Just powerful tools to help you trade smarter. Perfect for: - Day traders, swing traders, forex & crypto traders - Anyone who wants to build discipline and consistency - Traders who want to reflect, improve, and grow Download Tradelytic today and make your trading smarter – with structure, insight, and AI.

About

TraderWaves

Track your trading performance with a comprehensive journal and analytics platform. Review trade history, analyze key metrics, and manage your workflow. Offers interactive charts and custom notes to enhance your trading strategy.

Highlights
  • Trade journal for decision review
  • Performance analytics and metrics
  • Detailed trade history
  • Daily journal and strategy notes
  • Interactive charts
  • Push notifications
Features
Read full description

TraderWaves is a trading journal and analytics platform built for traders who want a clearer view of their performance. Connect supported trading accounts, track your trade history, review key performance metrics, write journal notes, analyze charts, and manage your trading workflow from one place. Key features: - Trade journal for reviewing decisions and outcomes - Performance analytics and account metrics - Trade history with detailed execution review - Daily journal, strategy notes, and templates - Interactive charts and market review tools - Backtesting session review - Push notifications for important account activity TraderWaves is designed for analysis, journaling, and performance review. It does not provide financial advice, trading signals, or investment management. Trading involves risk, and you are responsible for your own trading decisions. Terms of Use (EULA): https://traderwaves.com/terms-of-service Privacy Policy: https://traderwaves.com/privacy-policy

Screenshots

Tradelytic4 screens
TraderWaves4 screens

Verdict

The call

The clearest difference is in-app purchases: Tradelytic at none against TraderWaves's 2. Tradelytic also leads on update cadence (every 11 days vs monthly). On price, review sentiment, ads and device support there is nothing between them.

Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS

CostPrice · In-app purchases · Ads · Monetization

Both are free to download. TraderWaves sells 2 in-app purchases, starting at $29.99 per month. Tradelytic asks for nothing beyond the download.

UpkeepUpdate frequency

Tradelytic ships an update every 11 days, TraderWaves monthly. The most recent releases landed on October 1, 2026 and October 7, 2026 respectively.

Scorecard3 real differences · 7 level
Tradelytic versus TraderWaves: the parameters behind the verdict, then further details
ParameterTradelyticTraderWaves
PriceFreeFree
Rating—5.0 (3 ratings) — better
Positive reviews100.0% of reviews100.0% of reviews
Number of ratings—3 — better
Update frequencyEvery 11 days — betterMonthly
AdsNoNo
In-app purchasesNo — betterYes
MonetizationFree — betterFree with in-app purchases
DevicesiPhone, iPad, iPodiPhone, iPad, iPod
Requires iOS14.0 — better15.0
Further details — not scored
Size37 MB53 MB
Age rating17+17+
DeveloperTRADELYTICS - FZCOWallace FX Ltd

Customer experience

Tradelytic

Written reviews2 reviews
Positive100.0%
Neutral0.0%
Negative0.0%

TraderWaves

All ratings3 ratings
Positive100.0%
Neutral0.0%
Negative0.0%
Written reviews2 reviews
Positive100.0%
Neutral0.0%
Negative0.0%

In-app purchases

None

Tradelytic

No in-app purchases

2 purchases

TraderWaves

Subscriptions2
  • TraderWaves Pro Monthly$29.991 Month
  • TraderWaves Pro Yearly$239.991 Year

Questions

Is Tradelytic free?
Tradelytic is free to download, with no in-app purchases.
Is TraderWaves free?
TraderWaves is free to download, with in-app purchases available.
Do Tradelytic or TraderWaves have ads?
Neither Tradelytic nor TraderWaves shows ads.
Which is updated more often, Tradelytic or TraderWaves?
Tradelytic ships an update every 11 days, and TraderWaves monthly. Most recently, Tradelytic was updated on October 1, 2026 and TraderWaves on October 7, 2026.

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