Trading Tools Comparison
Both are free to use. The real difference is what you have to hand over to use them, and whether you want a quick answer or a tracked history.
TradingHabits and Myfxbook aren't really competing for the same moment. Myfxbook is a forex-native platform built around connecting your actual broker account through a read-only investor password or Expert Advisor, then verifying and charting your real trading history over time: equity curve, drawdown, monthly returns, currency-by-currency breakdowns, plus a community layer with sentiment data, system search, and social sharing. TradingHabits is a free library of narrow, single-purpose calculators: no account, no broker connection, you type in numbers by hand and get an immediate answer to one question, like a pip value or a lot size, before you're in front of a chart deciding on a trade.
Myfxbook also ships its own set of standalone forex calculators (position size, pip, margin, leverage, swap, drawdown, and more) as one small section of a much larger platform. That's the part that actually overlaps with what TradingHabits does. The comparison below is based on Myfxbook's own published features page as of mid-2026.
| TradingHabits | Myfxbook | |
|---|---|---|
| Price | Free, all calculators | Free core platform, ad-supported, with an optional paid Ad-Free Subscription |
| Signup required | No account, no email, no login | Free account required to connect an account or use most features |
| Broker connection | None. You type in your own numbers by hand | Read-only connection to your real broker account via investor password or Expert Advisor |
| What it's for | Answering a specific pre-trade math question: pip value, lot size, position size, risk/reward, options Greeks, drawdown, and similar | Verifying and charting your actual trading history over time, plus community sentiment, system search, and social sharing |
| Calculators | 250+ single-purpose calculators across risk, options, forex, and psychology, each its own page | A standalone calculator section (position size, pip, margin, leverage, swap, drawdown, and others) alongside the main verification platform |
| Journaling & social features | None | Trade tagging, comments, monthly performance breakdowns, system comparison, and a public/private sharing layer |
| Best for | A quick, one-off calculation you want an answer to right now, without creating an account | Verifying a real, ongoing trading history and sharing it publicly or with an audience |
These aren't mutually exclusive. A trader can size a forex position with a TradingHabits calculator before entering the trade, then let Myfxbook verify and chart the account afterward. The calculators here don't store anything or require an account precisely so they can sit in that pre-trade moment without adding a login or a broker connection to a decision that just needs a quick answer.
Try a Calculator Right Now