Honest comparison · Checked 20 oct 2026

TraderWaves or RB Trading: a fair look for MT5 and prop traders.

Both journals have a free plan and automatic sync. TraderWaves is cheaper on Pro and has phone apps. RB Trading puts the Prop Tracker and live drawdown room on the free plan and backs Pro with a 30-day refund. Here is the detail, sourced and dated.

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Free plan: 50 trades, no card, no time limit · Pro $29.99/mo or $299/yr · 30-day money-back guarantee

The honest short version: TraderWaves is a capable journal with a free plan, a lower Pro price ($19.99 a month) and apps on the App Store and Google Play. RB Trading Pro Journal costs more at $29.99 a month, but it is built around prop firm accounts, with the Prop Tracker and live drawdown room on the free plan, a read-only MT4, MT5 and cTrader sync that never asks for a password, and a 30-day money-back guarantee against TraderWaves’ 14 days.

Fair is fair

Where TraderWaves wins

If these matter most to you, TraderWaves is the better pick.

A lower Pro price

Pro is $19.99 a month or $239.88 a year on TraderWaves, against $29.99 a month or $299 a year for RB Pro.

Phone apps in the stores

TraderWaves lists its app on the App Store and Google Play. RB is an installable web app.

Broad broker connections

TraderWaves says it has more than 700 broker connections, with auto import on every plan, the free one included.

Where RB fits

Where RB Trading Pro Journal wins

Prop rules on the free plan

The Prop Tracker follows daily and total drawdown as open trades move, sizes the next trade to the room left and checks firm rules on save. It is free. The TraderWaves pricing page did not mention prop firm tools.

Sync that never sees a password

RBSync runs inside your own MT4, MT5 or cTrader terminal and contains no order functions. You can read its source before you run it.

A longer guarantee and a public record

Pro has a 30-day money-back guarantee, against 14 days on TraderWaves Pro. The founder publishes his Trade Desk calls on a public record.

Feature by feature

Full comparison

Where a source did not say, we write “not stated” rather than guess.

	RB Trading Pro Journal	TraderWaves
Free plan	Yes, 50 trades, no card, no time limit	Yes, free forever, no card
Pro price	$29.99 a month or $299 a year	$19.99 a month or $239.88 a year
Money-back guarantee	30 days on the first payment	14 days on Pro
MT5 automatic sync	Yes, read-only RBSync EA	Yes, for supported MT5 accounts
MT4 and cTrader live sync	Yes, both	Not stated on the pages checked
Sync on the free plan	Yes, up to 50 trades	Yes, auto import on every plan
Prop firm drawdown tracking	Yes, live, on the free plan	Not mentioned on the pricing page
AI features	AI reviews and Ask RB (Free: 3 reviews; Pro: 30 a day)	Wave AI Coach and AI insights on Pro
Backtesting	Pro: bar by bar replay and AI Strategy Backtest	Pro: backtesting and a Monte Carlo simulator
Phone apps	Installable web app (PWA)	App Store and Google Play

TraderWaves figures come from its own public pages, checked 20 Oct 2026: traderwaves.com/pricing and traderwaves.com/journal/mt5. Prices change, so check them before you buy. RB figures come from our pricing page and the journal itself. Spot something out of date? Email journal@rbtrading.site and we will fix it.

No spin

Which one is right for you

Pick TraderWaves if

• You want the lowest Pro price
• You want an app from the App Store or Google Play
• You want auto import from a wide broker list on a free plan

Pick RB Trading if

You trade a prop account and want live drawdown room on the free plan
You run MT4, MT5 or cTrader and want a read-only sync with no password
You want 30 days to get a refund on Pro

Try it against your own trades

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Start free with your email, no card. If you go Pro and it is not for you, full refund within 30 days.

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Free plan: 50 trades, no card, no time limit · Pro $29.99/mo or $299/yr · 30-day money-back guarantee

FAQ

Frequently asked questions

Is RB Trading a good TraderWaves alternative?

Yes, if you trade prop firm accounts on MT4, MT5 or cTrader. RB Trading Pro Journal puts the Prop Tracker and live drawdown room on its free plan and gives Pro a 30-day money-back guarantee. TraderWaves is cheaper on Pro ($19.99 a month, checked 20 Oct 2026) and has store apps.

How much does TraderWaves cost compared with RB Trading?

On 20 Oct 2026 TraderWaves listed a free plan and Pro at $19.99 a month or $239.88 a year, with a 14-day money-back guarantee on Pro. RB Trading Pro Journal is free for 50 trades, then $29.99 a month or $299 a year with a 30-day money-back guarantee.

Do both journals sync with MT5?

Yes. TraderWaves says it connects supported MT5 accounts with automatic syncing. RB Trading syncs MT4, MT5 and cTrader through RBSync, a read-only EA or cBot that runs in your own terminal and never asks for your password.