Monetio vs Myfxbook
Myfxbook connects to a live account or reads an uploaded statement and verifies that the numbers it shows are real: the trades happened, the balance moved the way the page says. It is a journal and a verification service, not a judgment on whether the strategy is sound.
What Myfxbook is
A free account-verification and journaling service. Connect an account or upload a statement; Myfxbook publishes the equity curve, drawdown, monthly returns and a large set of standard statistics, and keeps a public or private record over time. Its own risk-of-ruin and drawdown calculators are standalone: you type in a win rate and risk per trade, they are not run on the account's actual trade sequence.
| Feature | Myfxbook | Monetio |
|---|---|---|
| Verifies the numbers are real | Yes, live connect or statement upload | No: you upload your own export, and Monetio judges what is in it |
| Judges whether the strategy is sound | No: shows the numbers, not a verdict | Yes: a graded verdict with the reasons behind it |
| Deposit-masked drawdown | Shows deposits in the history; does not separate trading result from deposits in the headline drawdown | Time-weighted return alongside balance drawdown, so a deposit during a losing stretch cannot hide it |
| Grid or martingale depth | Not shown | Per-level trade count and P&L, with a depth flag |
| Cost sensitivity for a subscriber | Not shown | Break-even spread per symbol, broker presets |
| Live account connection | Yes | No: file upload only |
Where Myfxbook is the better choice
Myfxbook is the better choice for tracking a live account over time, for a public verified record, and for its live-connect option, which Monetio does not offer (Monetio reads a file you export yourself; it never connects to a broker or a marketplace account). If you want a long-running public journal, Myfxbook is built for that.
Source: docs/01 competition assessment, section 3-4, retrieved 2026-09-15.