Plancana vs. MyFxbook:
Verified Stats, or a Journal That Coaches You?
MyFxbook verifies what you traded. Plancana is the trading journal that shows you why — auto-syncing MT4/MT5, tracking your psychology, and coaching you with AI.
At a Glance: Plancana vs. MyFxbook
They're built for different jobs. MyFxbook proves and broadcasts your track record; Plancana helps you build a better one. Here's the honest head-to-head.
| Feature | Plancana | MyFxbook |
|---|---|---|
| Built For The core job of the tool | Journaling + psychology coaching | Analytics, verification & social trading |
| Real Trade Journaling Notes, screenshots, setups, mindset | Structured journal per trade | Auto trade history + basic notes/tags |
| Psychology & Emotion Tracking Mood, tilt, fear/greed per trade | Core feature | Not available |
| AI Trading Mentor Personalized behavioral feedback | Detects revenge trading & FOMO | Not available |
| Primary Interface Where you actually work | Mobile-first native app (iOS/Android) | Web dashboard + stats-viewer app |
| Privacy Who can see your results | Private by default | Public-by-default portfolios |
| Auto-Sync Pull trades automatically | MT4, MT5, ByBit, TradeLocker | Most MT4/MT5/cTrader brokers |
| Account Verification Public "verified" track record | Not offered | Myfxbook Verified badges |
| Copy / Social Trading Mirror or broadcast trades | Private Trading Circle only | AutoTrade + public community |
| Price Cost to get started | Free tier + Premium from $9.99/mo | Free (ad-supported) |
Plancana wins on journaling and psychology; MyFxbook wins on verification and social trading. Many traders use both.
Does MyFxbook Actually Have a Trading Journal?
It's the question almost every search for a MyFxbook trading journal is really asking — and the honest answer is: not the kind you're picturing. MyFxbook is, at its heart, an account-analytics, verification, and social-trading platform. Connect your MetaTrader account and it auto-tracks your equity curve, drawdown, win rate, and a public, verifiable performance history. That's genuinely useful — but it's a scoreboard, not a journal.
A real trading journal answers why. Why did you take the trade? What was the setup? What did the chart look like at entry? Were you calm, or chasing a loss back? On MyFxbook you can bolt a short note or tag onto a trade, but there's no structured place for your reasoning, your screenshots, or — most importantly — your state of mind. And since your portfolio is public by default, it's not where most traders want to write down their honest, unfiltered mistakes.
That's the gap Plancana was built to fill. It's a dedicated forex trading journal that captures the full story of every trade — and then uses AI to turn that story into coaching. MyFxbook tells you your win rate dropped. Plancana tells you it drops 23% on the days you trade angry.
The short version: Use MyFxbook to verify and share your results. Use Plancana to understand and improve them. One is a track record; the other is a coach.
Where MyFxbook Excels
MyFxbook has been a forex staple for over a decade, and for good reason. If these are your priorities, keep using it — it's excellent at them.
Verified Track Records
- ✅ Public "Myfxbook Verified" performance badges
- 📈 Tamper-resistant equity curves and stats
- 🤝 Trust signal for selling signals or managing capital
Free, Social & Broad
- 💸 Completely free, ad-supported core product
- 🔁 AutoTrade copy trading + an active community
- 🧮 Economic calendar, calculators, and broker comparison
"If your main goal is a public, verified track record or copy trading, MyFxbook is the right tool — and it costs nothing."
Why Plancana Is the Best MyFxbook Alternative for Journaling
Most traders don't blow accounts because they lack stats — MyFxbook already gives them plenty. They blow accounts because of behavior. Plancana fixes the trader, not just the scoreboard.
A Journal Built for Mobile, Not a Stats Page
MyFxbook lives on a web dashboard with a companion app that mostly views stats. Plancana is built mobile-first — journal your reasoning and emotions the second you close a trade, while the feeling is still raw and the memory is accurate.
AI Mentor vs. Static Analytics
MyFxbook charts what happened. Plancana's AI Mentor tells you why — surfacing tilt, revenge trades, and FOMO entries before they drain your account.
Private by Default
MyFxbook portfolios are public by default — great for proof, bad for honesty. Your Plancana journal is private, so you can record the trades you're not proud of. That's where the real lessons live.
You Don't Have to Leave MyFxbook Behind
Switching journals usually means exporting CSVs and re-importing months of history. Not here. Because Plancana auto-syncs the same MT4 and MT5 account MyFxbook reads from, you can run both side by side from day one — MyFxbook for your verified public record, Plancana for private journaling and AI coaching.
Connect your broker
Link MT4, MT5, ByBit, or TradeLocker with read-only access — no CSV, no API keys to juggle.
Trades sync in
Your full history pulls automatically — the same trades MyFxbook tracks, now ready to journal.
Get coached
Tag your mindset, add notes, and let the AI Mentor find the patterns costing you money.
See every supported platform on the integrations page, or explore the dedicated MT5 trading journal.
The Verdict: Which One Should You Use?
Choose MyFxbook if...
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You need a public, verified track record to sell signals, attract investors, or prove your results to a community.
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You want copy trading (AutoTrade) and a large social community of forex traders to follow and learn from.
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Free, broad broker support and account analytics matter more to you than journaling, privacy, or behavioral coaching.
Choose Plancana if...
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You're tired of repeating the same emotional mistakes — revenge trading, FOMO entries, moving stops — and want a tool built to fix your discipline.
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You want a real, private journal on a fast mobile app — log trades and emotions anywhere, not just at a desk.
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You want seamless auto-sync for MT4, MT5, ByBit, or TradeLocker — no CSV exports or manual re-entry.
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You want an AI Mentor that pinpoints your behavioral edge and helps you scale it — not just another chart to read.
Both Have a Free Tier — Here's the Difference
This isn't a price war. MyFxbook is free. Plancana is free to start too — the question is what each one does at $0.
MyFxbook
Analytics & verification
- ✓ Verified stats & equity curve
- ✓ AutoTrade copy trading + community
- ✗ Structured journaling
- ✗ Psychology & AI coaching
Plancana
Premium billed quarterly · no credit card to start
- ✓ Real journaling (free, manual)
- ✓ Psychology & tilt tracking
- ✓ AI Trading Mentor (Premium)
- ✓ Auto MT4/MT5/ByBit sync (Premium)
Compare Plancana to other journals too: Tradervue alternative · Plancana vs TradeZella
MyFxbook Trading Journal: Frequently Asked Questions
Does MyFxbook have a trading journal?
Not in the way most traders mean. MyFxbook is primarily an account-analytics, verification, and social-trading platform — it auto-pulls your MT4/MT5 trade history and lets you add basic notes or tags to individual trades. But it has no structured journaling workflow, no place to log your reasoning or screenshots per setup, and no way to record how you felt during the trade. If you want a true trading journal (the why behind each trade, not just the numbers), that's exactly the gap Plancana fills.
Is Plancana a good MyFxbook alternative?
If you love that MyFxbook verifies and charts your stats but you actually want to journal and improve, yes. Plancana is a mobile-first MyFxbook alternative that auto-syncs your trades (MT4, MT5, ByBit, TradeLocker), then uses an AI Mentor to flag tilt, revenge trading, and emotional patterns in real time. MyFxbook is the better pick if your main need is a public verified track record or copy trading — Plancana is the better pick if your edge is discipline and psychology.
Can I use Plancana alongside MyFxbook?
Absolutely — many traders do. Keep MyFxbook for its verified public track record and community, and use Plancana as the private journal that actually coaches you. Because both connect to the same MT4/MT5 account, you don't have to choose one ecosystem: MyFxbook broadcasts your results, Plancana helps you fix the behavior behind them.
Can I import my MyFxbook data into Plancana?
There's no CSV import button, and you won't need one. Instead of exporting from MyFxbook and re-importing, Plancana connects directly to the same broker account MyFxbook reads from (MT4, MT5, ByBit, TradeLocker). Connect your account once and Plancana pulls your trade history automatically — no spreadsheets, no manual re-entry.
Is MyFxbook free? Is Plancana free?
MyFxbook is free and ad-supported. Plancana also has a genuinely free tier — download it on the App Store or Google Play and journal your trades manually at no cost, no credit card. Premium (from $9.99/mo billed quarterly) unlocks automatic broker sync and the full AI Mentor. So the comparison isn't really about price; it's about what each free tier does — MyFxbook shows stats, Plancana coaches behavior.
Does Plancana sync with MT4 and MT5 like MyFxbook?
Yes. Plancana auto-syncs MetaTrader 4 and MetaTrader 5, plus ByBit and TradeLocker, using read-only access so your trades flow in without manual entry. See the full list on the integrations page. If you currently connect your MT4/MT5 account to MyFxbook, the setup will feel familiar.
Is it safe to connect my trading account?
Plancana uses read-only sync — it can see your trade history to journal it, but it can't place, modify, or close trades on your behalf, and it never needs your withdrawal credentials. This is the same read-only principle MyFxbook uses when it tracks an account, so connecting Plancana carries no more risk than connecting MyFxbook.
MyFxbook vs Plancana — which is better for forex traders?
It depends on the job. For a public, verified track record, copy trading (AutoTrade), and community discovery, MyFxbook is purpose-built. For private journaling, emotional discipline, and AI coaching that helps you stop repeating the same mistakes, Plancana wins. Most disciplined forex traders end up using MyFxbook to prove results and Plancana to produce them.
Turn your MyFxbook stats into better trades
MyFxbook proves your results. Plancana helps you improve them. Download free and start journaling with AI today.
No credit card required · Free to download