Comparison — 2026
Myfxbook verifies what your account already did. SignalDeck tells you what you can risk on the next trade. One is a track record; the other is a risk system you trade against — and on a funded account, the second one is what keeps you funded.
Both are free. Price is not the decision — what happens before the trade is.
Choose SignalDeck if...
Stick with Myfxbook if...
Most funded traders should run both. They connect read-only to the same MT4/MT5 account and don't conflict. Myfxbook stays your shop window — the verified page you show a prop firm, an investor or an audience. SignalDeck is the workshop — headroom before entry, R-Multiple analytics, post-mortems, edge validation. We're not asking you to delete your track record.
| Feature | SignalDeck | Myfxbook |
|---|---|---|
| 🤖 AI Assistant Connector (MCP) — New v1.0.114 · How it works → | ||
| Official MCP connector (Claude / ChatGPT) | ✅ 54 tools · every plan | ⚠️ Community-built only |
| Claude / ChatGPT can log, edit & close trades | ✅ With your permission | ❌ |
| Built-in AI features | ✅ AI Post Mortems · Weekly Review | ⚠️ EA builder, not journal AI |
| 🛡 Prop Firm Risk Control | ||
| Drawdown headroom vs firm limits | ✅ Live, pre-trade | ❌ |
| Daily loss limit remaining | ✅ In R and currency | ❌ |
| Firm rule profiles (FTMO, FundedNext, Apex, Topstep) | ✅ | ❌ |
| "Would I Pass?" challenge simulator | ✅ Free tool | ❌ |
| Position size from live equity (Kelly / fixed-R) | ✅ Auto from synced balance | ⚠️ Standalone calculator, manual input |
| Live alerts on open positions | ✅ Price, stop-level & break-even | ⚠️ Basic account notifications |
| ⚡ Edge Validation | ||
| Automated rule-based backtester | ✅ Full engine | ❌ |
| Walk-Forward Analysis | ✅ Overfit detection | ❌ |
| Monte Carlo simulation | ✅ 1,000 paths | ❌ |
| Parameter optimization | ✅ Grid search (500 combos) | ❌ |
| SQN edge score | ✅ Is the edge real? | ❌ |
| R-Value Analytics & Journaling | ||
| R-Multiple native framework | ✅ Core design | ❌ Pips / % gain only |
| Expectancy per trade | ✅ In R (cross-instrument) | ⚠️ In pips / currency |
| Structured Post Mortem (5-step) | ✅ | ❌ |
| Behavioral tags (FOMO, revenge, hesitation) | ✅ | ❌ |
| Chart screenshots per trade (entry + exit) | ✅ Unlimited | ❌ |
| Threaded, timestamped trade notes | ✅ | ❌ |
| Execution quality (MAE / MFE, slippage) | ✅ | ❌ |
| Historical performance reporting (gain, DD, profit factor) | ✅ | ✅ Strong |
| Breakdown by hour / day / duration | ✅ | ✅ |
| Platform & Import | ||
| MT4/MT5 auto-import | ✅ MetaApi, no EA | ✅ Investor password / EA |
| Live account balance & open positions | ✅ Feeds sizing & headroom | ✅ Displayed only |
| IBKR, cTrader (250+ brokers), SnapTrade (30+) | ✅ Free on every plan | ❌ |
| Stocks, crypto exchanges, native futures (ES/NQ/CL/GC) | ✅ Tick math + Globex | ⚠️ Forex/CFD focus |
| CSV import / export | ✅ 8 formats | ✅ |
| Track Record & Community | ||
| Verified public track record page & widgets | ⚠️ Optional public profile | ✅ Category standard |
| Private by default | ✅ | ⚠️ Built to publish |
| Copy trading (AutoTrade) | ❌ | ✅ |
| Community sentiment, calendar, broker spread tools | ⚠️ Market News + Borg leaderboards | ✅ Extensive |
| 1:1 support with founder access | ✅ Discord | ⚠️ Forum / ticket |
| Monthly price | Free tier / $30 / $50 | Free |
Both tools read the same MT5 account. They do opposite things with what they find.
Myfxbook — Reporting
Proves what your account already did
SignalDeck — Governing
Constrains what you're allowed to do next
A verified track record has never stopped anyone from breaching a daily loss limit. It records the breach.
Myfxbook knows your equity. It does not know your firm's daily loss limit, your maximum drawdown threshold, or whether that threshold trails your high-water mark. So it can tell you that you're down 3.1% today — but not that you have 1.2R of room left before the account is gone, which is the only version of that number you can actually trade against.
SignalDeck connects MT4/MT5 through MetaApi — a broker-side session, no Expert Advisor, no requirement that your terminal or VPS stays running. It reads live balance and open positions, applies your firm's rule set, and shows the headroom before you place the order. Then it sizes the trade from that same live equity, so a trader down 4% stops sizing as if they're still at full balance.
Illustrative figures. Stop loss is entered manually after import — R is calculated from it.
Myfxbook reports in pips, currency and percentage gain. None of those are comparable across instruments — which means your mean-reversion setup on EURUSD and the same setup on gold can't be ranked against each other.
| Same setup, three instruments | Result in pips | Stop distance | Result in R |
|---|---|---|---|
| EURUSD — 4H mean reversion | +40 pips | 20 pips | +2.0R |
| XAUUSD — 4H mean reversion | +40 pips | 80 pips | +0.5R |
| BTCUSD — liquidity spike fade | +40 "pips" | n/a | +1.3R |
Three identical pip results, three completely different trades. Only the R column is honest, because R divides the outcome by the risk you actually took. That's why every SignalDeck metric — expectancy, SQN, Kelly sizing, equity curve, post-mortem — is computed in R rather than pips. It's also the only way to answer the question that matters on a funded account: which of my setups deserves the next unit of risk?
You don't have to choose. Both tools connect read-only to the same MT4/MT5 account, so running them side by side costs nothing but a second connection. Keep Myfxbook publishing your verified track record; add SignalDeck for the part it was never built to do — telling you how much risk you're allowed to take on the next trade, and whether the setup you're about to take has a statistically real edge.
Not in the working sense. Myfxbook is a track-record verifier and analytics dashboard: it connects to your MT4/MT5 account, publishes a verified performance page, and reports gain, pips, drawdown and profit factor. There's no structured post-mortem, no behavioral tagging, no per-trade screenshots, and no risk plan for the next trade. SignalDeck is built around the decision instead of the record — every trade carries a planned risk (1R), a 5-step Post Mortem, behavioral tags, entry and exit screenshots, and an execution quality score.
It shows equity, floating P&L and historical maximum drawdown, but it has no concept of your firm's rule set — not your daily loss limit, not your maximum drawdown threshold, and not whether that threshold trails your high-water mark. SignalDeck applies those rules to a live MT5 balance and shows the headroom left before the next entry. See the live drawdown monitor.
No — Myfxbook reports on trades that already happened. SignalDeck includes an automated rule-based backtester with Walk-Forward Analysis for overfitting detection, 1,000-path Monte Carlo simulation for worst-case drawdown, and grid-search parameter optimization across up to 500 combinations, plus a backtest-to-journal overlay that puts the theoretical equity curve next to your real one.
No. Results come back in pips, currency and percentage gain. Pips aren't comparable across instruments — 40 pips on EURUSD, XAUUSD and BTCUSD are three different amounts of risk — and percentage gain hides how much you risked to get it. SignalDeck normalizes every trade to R, so setups on gold, majors and crypto land in the same expectancy and SQN calculation.
Both are free to start. Myfxbook is free and monetized through broker partnerships and its AutoTrade copy-trading service. SignalDeck has a permanently free tier with unlimited trades, and every feature is unlocked at no cost during beta; paid tiers are Pro $30/mo and Elite $50/mo, with Elite adding MT4/MT5 live balance sync and the pre-trade risk gate. Price isn't the deciding factor here — what the two tools are for is.
Yes, and many funded traders do. Both connect read-only to the same MT4/MT5 account. Myfxbook keeps publishing the verified track record you show to prop firms, investors or an audience; SignalDeck runs the private side — headroom before entry, R-Multiple analytics, post-mortems and edge validation. One is your shop window, the other is your workshop.
Similar idea, different plumbing — and no Expert Advisor. SignalDeck opens a broker-side MetaApi session from your login, server and password, so closed trades import automatically and balance plus open positions refresh on each connection, with no script attached to a chart and no dependency on your terminal or VPS staying up. More detail in live sync vs EA import. MT4/MT5 import is an Elite plan feature, free for everyone during beta.
For the part of the job that decides whether you keep a funded account, yes. Evaluations are lost to rule breaches — daily loss limits and maximum drawdown — not to a shortage of reporting. SignalDeck shows remaining headroom against those rules before you take the trade, sizes each position from current equity, and scores whether your edge is statistically real with SQN and Walk-Forward Analysis. If what you want is a verified public track record page, Myfxbook remains the category standard and SignalDeck doesn't replace it.
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Free ToolWould I Pass? Free Prop Firm Challenge Checker
Both are free to start. Myfxbook is free to use and monetized through broker partnerships and its AutoTrade copy-trading service. SignalDeck has a permanently free tier with unlimited trades, and every feature is unlocked free during beta. Paid tiers are Pro $30/mo and Elite $50/mo, where Elite includes MT4/MT5 import with live balance sync and the pre-trade risk gate. Price is not the deciding factor between these two tools — what they are for is.
Yes, and without an Expert Advisor. SignalDeck connects to MT4/MT5 through MetaApi, a broker-side API session: you add your login, server and password once, and closed trades import automatically while your account balance and open positions refresh on each connection — with no script attached to a chart and no requirement that your terminal or VPS stays running. MT4/MT5 import is an Elite plan feature, free for everyone during beta.