TradeZella vs. TraderSync: Here’s what you need to know!

Comparing TradeZella vs. TraderSync is a key part of the research process when searching for the best day trading journal. After all, when you take the leap into investing in the right tools for your trading business, you want to make sure you’re not leaving out any important components. 

When it comes to choosing the best trading journal, you’re looking for one that’s:

• easy to use
• includes cutting-edge features
• doesn’t break the bank.

If you’ve landed here, it means you’re doing your research. Great! And now you’re ready for the final match.

While there’s lots of great trading journals out there, today we’re looking at TradeZella vs. TraderSync.

We’ll discuss the strengths and weaknesses of each, and give you the real lowdown so you can make an informed decision.

*Disclaimer*

To avoid being biased, we won’t tell you which one you should go with. One person’s idea of the best day trading journal might not be the best option for another. It’s really up to you and your needs as a trader.

We give you the deets. You make the call.

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TradeZella vs. TraderSync: Summary of Key Features 

Both TradeZella and TraderSync are trading analytics tools designed to help traders get the most out of their trading activities. They help traders to learn from past experiences, notice important patterns and basically keep a record of what they’ve done so they can look back and replicate successes (or avoid failures). Find out more about what a trading journal is.

If you’re short on time, here’s a quick breakdown of the key features of TradeZella vs. TraderSync. If you want a little more detail, keep reading – we dig into the details below.

TradeZella vs. TraderSync: User Interface & User Experience

The first major difference we notice between the two journaling platforms is the user interface. 

TraderSync sports both a light and dark ink-colored interface, with several data points displayed on their dashboard in various colors. This sharp contrast can be a bit tough on the eyes, especially if you’re using it for hours each day.

TradeZella’s interface boasts lighter gray tones, which are a bit more muted. Combined with the minimalistic dashboard modules, the overall effect is a lot easier on the eyes.

This all comes down to personal preference. Some people do prefer to see more data modules, while others are busy and prefer to see the essential data points in one glance.

While some traders like the darker tones of the TraderSync interface, some may find the harsh colors a bit challenging to look at for long spans of time. Likewise, some users might not respond well to the lighter tones on TradeZella and prefer a sharper contrast.

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TraderSync: Interface Pros & Cons

A win for TraderSync is that they have the ability to change from dark to light mode. TradeZella has a dark-mode option in the queue for Q3 of 2023.

Cons? Some users have expressed concern that TraderSync’s dashboard gets too cumbersome and clunky- making the overall experience more complicated than necessary.

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TradeZella: Interface Pros & Cons

The best part is that TradeZella is built by traders, for traders. With a team of traders on board we’ve tested and implemented the right data points that each trader needs to be looking at.

Each user’s account is generally uniform, showing the essential stats. 

No bells and whistles. No extra fluff. 

Pros of TradeZella’s approach are that you can get started with the user interface right away, with minimal confusion. You’ll know exactly what data is essential to view, and can choose whether to hide or show certain values.

The TradeZella dashboard focuses more on essential components such as Trade Expectancy, Profit Factor, and viewing your trades in a calendar view for the month.

One of the other differences you’ll notice right off the bat is the Zella Score – an exclusive TradeZella feature. 

The Zella Score graph shows traders where their strengths and weaknesses lie and helps them to visualize this concept in terms of Win rate, Profit Factor, and Average Win/Loss. Traders use the Zella score to get a quick pulse on how their trading performance really is, rather than performing on just one vanity metric.  

‍TradeZella vs. TraderSync user experience: the verdict

As far as user experience goes, it’s all down to quantity over quality. If you’re looking for more in a display, TraderSync is your go-to. 

However, if you want to study the essential information at a glance, TradeZella is likely to be the best day trading journal for you.

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TradeZella vs. TraderSync: Trade import/API Sync

Now let’s look at the trade importing process. Both platforms have the capability to import your trades through a CSV file or via manual entry. Auto-Sync or API Sync is also an available feature on both for a number of brokers.

You’re probably wondering ‘what is Auto-Sync’? Well, instead of you manually pulling that CSV file each day from your broker, the software integrates with your broker to pull trade data so it’s ready for you as soon as you log in.

If you’re heavy into crypto trading, TraderSync currently has better options for auto-sync with crypto brokers. 

However, TradeZella might impress diverse traders with the capability to import automatically for stocks, options, futures and forex trades. This feature is especially useful for traders using ThinkOrSwim, TradeStation, Interactive Brokers, Robinhood, and Metatrader 4 & 5.

If you trade with TradeStation, check this out:

TradeStation is a broker that doesn’t export same-day data into a CSV, but the API Sync feature bypasses that concern and allows same-day import and journaling for TradeStation users. 

Something to keep in mind if you don’t want to wait until the next day to journal!

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TradeZella vs. TraderSync: Features

Now it’s time for our trading journal review to get juicy. The battle between TraderSync and TradeZella really comes down to their respective features. In this section, we’re taking a deep dive into how each trading journal approaches reporting, tools, and mobile compatibility.

Reporting

Reporting is taken seriously by both platforms.

TraderSync allows you to generate a report based on different variables such as setups, symbols, sector, mistakes, etc.

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TradeZella offers similar reporting variables, however, one of the major differences between the two is that TradeZella has coined the term “drilled-down reporting.”

This means you don't just get a bunch of numbers and stats thrown at you. If you want to take your reporting one step further, all you have to do is click the report and dig deeper. 

TradeZella reports include a summary of information as well as further insights into each individual report, whereas TraderSync presents you with more numeric values.

For those who prefer to extract more depth from reports, TradeZella edges the win here.

While TraderSync has lots of reporting options, users express concern over an emphasis on the “quantity over depth” reporting style.

This can be helpful if you want more permutations of reports, but don’t care too much about going further into each one. The question you really want to ask yourself here is: what will you do with these reports, and how will you be able to dig deeper into this information?

Basically, if you’re someone looking for a visual outlook of data based on custom criteria, TraderSync is definitely sufficient. However, if you’re interested in getting a better understanding of the unique underlying factors of your trades, TradeZella does a better job of painting the picture for you.

Sharing with Friends

Sometimes you want to share your progress with your trading buddies, mentor, or community. Both journals have sharing capabilities, however they do have some significant differences.

TraderSync offers the ability to share individual trades. So for instance, you took AAPL calls and want to show your trading pal where you got in, where you got out, and all the rest. TraderSync has your back.

TradeZella also offers sharing capabilities, in a few different ways. You can share your trades on social media or to a friend who wants to learn from you with a simple click to share.

Or, share your trading strategies. Using the Playbook feature, traders can tag their setups, and define them using a series of set criteria on entries, exits, market conditions, etc. 

Each playbook can be shared with others, even those that don’t have a TradeZella account. So, if you’re a big fan of the break and retest playbook, you can set your criteria, tag the playbook, and share it with others in your trading community.

Again, this comes back to the capability vs. depth theme we’re starting to notice. 

You can share an individual trade on both Tradersync and TradeZella - awesome! However, TradeZella’s Playbook feature and the ability to share exists to go in-depth into trader needs, whereas – at least in this case – TraderSync does not.

Mobile App

Another difference between the two trading journals is that TraderSync has a mobile app. After downloading it from the App Store, traders can view their trades on the go in a mobile format.

TradeZella doesn’t have a mobile app as of July ’23, however it is possible to easily access the platform via your mobile’s browser. Because the interface is minimalist and easy to use, it’s not really a hassle to use it on your phone.

Broker Support

As far as broker support is concerned, TraderSync gets the W here due to the sheer number of supported brokers. For those interested in trading Crypto, TraderSync would be the best option at the time of writing (July 23) – although TradeZella does have plans in place to support more crypto brokers.

For those who are trading Forex, TradeZella would be the best fit considering the seamless integration with Metatrader 4 and Metatrader 5. 

While TradeZella is working to add more brokers, it currently supports most of the popular brokers for options, futures, and stock traders as we announce more and more brokers every month!

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TradeZella vs. TraderSync: Trader Development

Journaling is an important part of growing as a trader, but how will you continue to hone your skills? That’s where development comes in.

The question here is, how does each trading journal platform seek to support and elevate its users – beyond showing them simple data?

Training Videos

TradeZella and TraderSync both have engaging video content. The difference is what kind of video content each one offers. 

TraderSync has a tutorial-style video library, and we can see a lot of work went into walking traders through how to import trades, how to tag trades, how to utilize the platform, and how to manage the widgets and customization.

Meanwhile, TradeZella’s video library – Zella University – is focused more on developing the trader from within. There’s a lot of resources that show traders: 

• How to recover from a trading loss and become consistently profitable 
• Improving hesitation in your trading to become more confident 
• The right way to build a successful trading game plan

And more awesome content.

The key in Zella University is learning how to utilize your journal to identify pain points, strengths, weaknesses, and areas for improvement. Trading psychology and other advanced topics are also discussed to help you keep improving.

 Due to the nature of the content, each video is hosted by a professional trader – mostly by Umar Ashraf, TradeZella Founder and a pro trader himself. 

TradeZella’s educational content operates on more of a system-based approach:

Trader → imports trades → tags setups & mistakes → identifies a particular mistake→ learns how to fix mistake in Zella University → addresses mistake in live trading session

Whether it’s trading psychology, technical analysis, or learning how to calculate stop losses for option contracts, there’s likely a video in Zella University covering it. This is why TradeZella comfortably wins this category. 

Continued updates/feature adds

Being a relatively new application, TradeZella continues to add more unique features as each month passes. Using trader feedback, professional trading experiences and case studies, the team has launched new, unique features nearly every month for the past several months. 

This includes features such as Trade Replay, PlayBook, Zella Score, an updated dashboard, setting breakeven amounts, custom fees, and more. With monthly release notes that thousands of traders look forward to on the blog page, TradeZella is continuing to innovate! 

TraderSync has recently added a Market Replay feature as well, however, we haven’t seen many new features rolled out or hints at future ones to come. But, you never know!

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TradeZella vs. TraderSync: Pricing

This is kinda what you came to this article for, right?

We got you.

When comparing pricing, it’s a little tricky. We’ll go off monthly rates for the sake of simplicity, but both journals offer discounted rates if users sign up for an annual subscription.

TraderSync offers a 7-Day free trial, while TradeZella does not.

As far as price points go…

TraderSync has 3 pricing tiers - Pro ($30/mo), Premium ($50/mo), and Elite ($80/mo).

So, how much is TradeZella? It’s pretty simple, with one tier at $49/mo or $33/mo yearly.

If you want basic journaling, it would make the most sense to go with TraderSync Pro Plan considering the features are pretty limited. Keep in mind, you don't get access to the replay feature, risk management tracking, and many other essential reports until you upgrade to the TraderSync Elite Plan which runs for $79 a month. 

That's why TradeZella believes in simple and straightforward pricing which is only $49 a month but $33 a month when paid for the full year. Its one plan that includes EVERYTHING. No upsells or tricks. 

TradeZella offers a few more in-depth features, but at a lower price point when compared to the TraderSync Elite Plan.

Extra features included in TradeZella are the educational videos/ongoing webinars from Zella University, and the Playbook. Plus, you get an even better deal if you opt for an annual plan.

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TradeZella vs. TraderSync: Summary

All in all, both trading journals exist to help traders improve their performance and visualize their data.

TraderSync supports more brokers (for now), and includes more support for crypto trading. TraderSync also has a mobile app and the ability to toggle between dark and light modes. It has endless customization within the reporting and dashboard. Their video content library consists of helpful tutorials to help users better navigate the journaling software.

TradeZella offers far more in-depth reporting and boasts helpful, unique features built into the platform. These paint a clearer picture of trader strengths and weaknesses. With that in mind, TradeZella brings it full circle with its ongoing webinars and trading psychology lessons administered by professionals.

So, trader, what’ll it be?

If TradeZella’s sounds like you’re kind of journal, you can sign up for an account here. If TraderSync is more your vibe, no hard feelings- we’re just glad you’re journaling!

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