Almost every MT5 journal offers one or both, and the wording blurs them deliberately. They are not the same product and they fail in different ways.
TradingSocial does both: MT5 statement import on the Trader plan, and hourly MT5 sync on Pro. Most people should start with import to bring history across, then connect.
Ask them of anything you’re considering, this one included. The right column is our own answer, and one of the rows is a limitation rather than a feature.
| Ask | Whywhat it exposes | TradingSocialhonestly |
|---|---|---|
| How often does it sync? | Journaling is review, not monitoring. Hourly is plenty; a claimed real-time sync costs far more to run and buys a journal nothing. | Hourly, Pro plan |
| What happens when a sync fails? | The dangerous failure is the silent one — a journal that looks fine and stopped updating a fortnight ago. | In-app alert + settings |
| Can I use a read-only password? | MT5 investor passwords are read-only where the broker supports them. There is no reason a journal needs trading rights. | |
| Does it also take MT4? | A great many traders still run MT4, and MT5-only tools quietly exclude them. | No — MT5 only |
| Can I get my history in, not just from now on? | Sync starts when you connect. Without an import path, everything before that is lost to the journal. | Statement import, Trader plan |
| Does the record show where each trade came from? | Once a synced trade and a typed one look identical, the sync has become a convenience rather than evidence. |
Capabilities and plan gates as at 1 September 2026. See pricing for the full breakdown.
Every MT5 journal will pull your trades in. Once they are in, almost none of them keep any record of how they got there — so a trade you took and a trade you typed are indistinguishable inside the journal, and to anyone you show it to.
A statement import is a file you export from MT5 and upload: accurate, but only as current as the last time you remembered. A sync connects to the account and pulls closed trades on a schedule with nothing to remember. Both put the same trades in a journal; only one survives a bad week.
To sync, yes — account number, server and password, and you should use a read-only investor password where your broker offers one. Statement import needs no credentials at all, which is a real advantage if handing over a password isn’t something you want to do.
Hourly is enough, because journaling is review rather than live monitoring. Be more sceptical of a claimed real-time sync than of an hourly one — it costs meaningfully more to run and buys a journal nothing.
Closed trades are what gets journaled. An open position has no exit, no realised result and nothing to review yet, so it appears once you close it. If a product promises to journal open trades, ask what it thinks it’s measuring.
No. MetaTrader 5 only. If you trade MT4, TraderSync and Edgewonk both publish MT4 support and we don’t.
Depends why your last journal died. If it died because typing trades in became the thing you skipped after a losing session, sync is the only feature on the list that addresses the actual cause. If you kept one happily by hand, it’s a convenience rather than a fix.
Fourteen days of Pro, no card. Bring your history in from a statement, connect the account, and see whether a journal you don’t have to maintain is the one you actually keep.
