The Trading Terminal Review 2026: Is It Worth It for Prop Traders?
The Trading Terminal is a browser-based trading journal priced in Australian dollars, from A$12 a month for Basic to A$29 a month for Elite. Its prop-firm feature, Risk Desk, tracks daily loss and drawdown from your closed trades, but only on Elite, and its Free plan closes to new accounts on November 20, 2026.
A low-cost, no-AI journal with unusually plain disclosures. Prop traders who want drawdown tracking need Elite at A$29 a month. Basic covers journalling and core dashboard statistics; Pro adds the full analytics suite, while Elite adds Risk Desk and broker connections. Futures traders on Tradovate, NinjaTrader or Rithmic get CSV import only. This is a research-based review, not a hands-on test.
Key takeaways
- Price: Basic A$12, Pro A$19 and Elite A$29 a month, or A$109, A$189 and A$249 a year.
- Free plan: 1 account, 30 trades a month, 90 days of dashboard history; closes to new accounts on November 20, 2026.
- Prop tools: Risk Desk drawdown tracking, broker connections and unlimited accounts are on Elite only.
- Imports: CSV on every plan; cTrader and MT4/MT5 connections on Elite; Interactive Brokers and crypto-exchange connections described but rolling out; no direct Tradovate connection.
- Not included: no AI features, no trade replay and no native mobile app.
- Availability: not offered to residents of the EEA, the UK or Switzerland; you must be 18 or over.
- Evidence limit: no account, import, connection, alert, support ticket or refund was tested.
What is The Trading Terminal?
The Trading Terminal, abbreviated TTT, is a trading journal and trading performance platform at thetradingterminal.com, created by Harrison Weaver. You log or import closed trades and review them by setup, session, mistake and emotion across 60+ analytics views, including Mistake Cost Analysis and a 0–100 Edge Score.
Its Terms and Conditions name the operator as Harrison Weaver, a sole trader in South Australia, ABN 56 118 164 232. Its press page says it is not a broker, charting package, market data terminal or signals service, and that it has no AI features, trade replay or native app.
FundingCodes is an enrolled The Trading Terminal affiliate and may earn a commission from qualifying referrals; there is no buyer discount code. See our editorial policy.
How much does The Trading Terminal cost in November 2026?
The official pricing page, updated October 20, 2026 and checked November 4, 2026, lists three paid plans in Australian dollars. The stated price is the total, because the business says it is not currently registered for GST; a non-AUD card is converted by your bank.
| Plan | Monthly | Annual | Main limits |
|---|---|---|---|
| Basic | A$12 | A$109 | 1 account, unlimited trades, journal, dashboard, P&L calendar, CSV import and export, 1 screenshot per trade |
| Pro | A$19 | A$189 | 3 accounts, full analytics, Trader DNA and Edge Score, Mistake Cost Analysis, 5 screenshots per trade |
| Elite | A$29 | A$249 | Unlimited accounts, Risk Desk, Trade Lab, cTrader and MT4/MT5 connections, priority support |
The annual prices are labelled Founding rates. The Trading Terminal says a Founding rate stays locked while your subscription renews continuously on the same plan and billing period; switching plan or period, or letting it lapse, ends the lock. The page shows annual Basic, Pro and Elite as roughly US$6, US$11 and US$14 a month; the exact charge depends on your bank's conversion.
What changes on November 20, 2026?
The Trading Terminal's Free-plan notice says its updated Terms take effect at 00:00 Adelaide time on November 20, 2026, and three things change for accounts created from then:
- Free plan: closes to new accounts. Accounts created before November 20 keep it.
- New accounts: choose Basic, Pro or Elite.
- Elite trial: the 7-day trial, currently free with a card, costs A$7 from November 20, charged when the trial starts and not refundable. Elite then continues at the chosen price unless you cancel first.
If you want to try the journal at no cost, the window to open a Free account is before November 20.
Does The Trading Terminal work for prop firm challenges?
Partly, and the useful part is on Elite. Its prop firm journal page describes Risk Desk: you set up an evaluation account, enter the daily loss limit and maximum drawdown from your firm's terms, and it shows a daily risk budget and distance-to-breach bars from your closed trades.
- Alerts: bars turn amber from 50% consumed and red from 80%, with alert banners at 70% and 90%.
- Drawdown types: static, end-of-day trailing and intraday trailing floors, according to its product notes.
- Not tracked: firm-specific rules such as consistency requirements; compare those with your firm's terms yourself.
- Phases: each phase or attempt can be its own account. Free and Basic cover 1 account, Pro 3 and Elite unlimited.
Because Risk Desk calculates from closed trades, it cannot warn you about an open position heading toward a limit. Your prop firm's own dashboard remains the authoritative record of any breach. We did not test alert timing or accuracy.
Does The Trading Terminal work for futures traders?
For Tradovate, NinjaTrader and Rithmic users, through CSV. The Trading Terminal journals futures contracts such as ES, NQ and CL, and its futures page explains a CSV workflow for Tradovate history. Its press page states there is no direct Tradovate connection, and we found no documented live connection for NinjaTrader or Rithmic.
Its live connections are cTrader through OAuth and MetaTrader 4 or 5 through a free Expert Advisor, both on Elite. Both are described as read-only imports of closed trade history. Some prop firms restrict Expert Advisors, so check your firm's rules before attaching one.
The Trading Terminal's updated Terms also describe read-only connections for Interactive Brokers and selected cryptocurrency exchanges. Availability is subject to rollout, and we did not independently verify that these connections were active for new customers on November 4, 2026. No direct NinjaTrader, Tradovate or Rithmic connection was verified.
How does it compare with RB Trading and TradeZella?
Prices below are each vendor's published figures; The Trading Terminal charges in Australian dollars and the others in US dollars, so we do not convert them. We have not tested these journals side by side.
- RB Trading Pro Journal: our November 2 review recorded a free plan for 50 trades in total, Pro at US$29.99 a month, and live MT4/MT5/cTrader sync and a prop tracker on the free plan. The Trading Terminal keeps its connections and Risk Desk on Elite but has no AI features.
- TradeZella: on November 2, 2026 its pricing page listed Essential at US$35 a month and Pro at US$59 a month, with broader automatic broker import. The Trading Terminal is cheaper on paper but imports from far fewer platforms automatically.
Can you cancel, and does The Trading Terminal give refunds?
You can cancel in billing with one click; access continues to the end of the paid period. The pricing page sets these refund terms:
- First payment: refundable in full within 14 days of the charge, for any reason, through a support ticket.
- Renewals: no goodwill refund for renewal payments or after the 14 days.
- Elite trial: from November 20, the A$7 trial charge is non-refundable. If you let the trial convert into an Elite subscription, the first Elite subscription payment is also excluded from the 14-day goodwill refund, subject to Australian Consumer Law rights.
- Consumer law: the business says these terms do not limit rights under the Australian Consumer Law.
Downgrading has a data consequence. Accounts above your new plan's limit become read-only for 12 months and are then permanently deleted if you have not upgraded. Support replies are targeted within 1 to 3 business days, with priority for Elite. This summarizes published terms, not a tested refund.
Accounts created after the Free-plan closure do not automatically return to a usable Free plan when their subscription ends. Instead, they can become No-Plan Accounts, with journal and trade access restricted until they subscribe again. Export your trades before cancelling; frozen over-limit trading accounts are subject to permanent deletion after 365 days. CSV export of the trade journal is documented, while complete portability of screenshots, custom layouts and analytics has not been verified.
Is The Trading Terminal legit?
It publishes an identifiable operator, an Australian Business Number, versioned Terms that link to earlier versions and a press page that lists what the product does not do. Those are useful transparency signals, but they do not independently establish software reliability, data accuracy or support quality.
Independent feedback is thin. It links to a Trustpilot profile, but we could not confirm a meaningful number of independent reviews, so we did not weigh it. It is a young, one-founder product, so weigh continuity risk as you would for any small software vendor.
Verdict: who should consider The Trading Terminal?
- Strong fit: forex, gold or index prop traders on cTrader or MetaTrader who want Elite's Risk Desk and mistake-cost analytics at a modest price.
- Possible fit: futures traders willing to import Tradovate or other CSV files and treat drawdown tracking as after-the-fact.
- Poor fit: residents of the EEA, UK or Switzerland, anyone who wants AI review or trade replay, and traders who need live futures tracking.
- Still unverified: import accuracy, connection reliability, alert timing, support and refunds.
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FundingCodes may earn a commission from qualifying referrals. There is no FundingCodes discount code for The Trading Terminal. A journal does not guarantee an evaluation pass or payout.
The Trading Terminal review FAQ
How much does The Trading Terminal cost?
On November 4, 2026, its pricing page listed Basic at A$12 a month or A$109 a year, Pro at A$19 a month or A$189 a year, and Elite at A$29 a month or A$249 a year, all in Australian dollars and charged through Stripe. The annual prices are labelled Founding rates that stay locked while the same plan and billing period renew continuously.
Is The Trading Terminal free?
For now. New accounts can still start on a Free plan with no card: 1 account, up to 30 trades a month and 90 days of dashboard history. The Trading Terminal says the Free plan closes to new accounts on November 20, 2026, Adelaide time; accounts created before then keep it.
Is The Trading Terminal a broker or a trading platform?
No. It is trading journal and analytics software run by Harrison Weaver as a sole trader in South Australia (ABN 56 118 164 232). It does not hold money, place trades, provide signals, charts or live quotes, or fund trading accounts.
Does The Trading Terminal track prop firm drawdown?
Yes, on Elite. Risk Desk works from the daily loss limit and maximum drawdown you enter, using your closed trades, with alerts at 70% and 90% of a limit consumed. It does not track firm-specific rules such as consistency requirements, and because it calculates from closed trades it does not reflect open positions.
Does The Trading Terminal work with Tradovate, NinjaTrader or Rithmic?
Only through CSV import. Its established live connections are cTrader through OAuth and MetaTrader 4 or 5 through a free Expert Advisor, both on Elite; its updated Terms also describe Interactive Brokers and crypto-exchange connections subject to rollout. The Trading Terminal says there is no direct Tradovate connection, so futures traders on those platforms import closed trades from a file.
Did FundingCodes test The Trading Terminal?
No. This review is based on The Trading Terminal's public pricing, product, prop firm, press and Free-plan pages and its Terms and Conditions, checked November 4, 2026. We did not create an account, import trades, connect a platform, test Risk Desk alerts, contact support or request a refund.
Sources and review boundaries
The Trading Terminal's home, pricing, Free-plan, press, prop firm, futures, TradeZella-alternative and affiliate pages, and its Terms and Conditions (version 1.8, last updated October 31, 2026, effective November 20, 2026) were checked November 4, 2026. TradeZella and RB Trading figures come from our November 2, 2026 RB Trading review. We did not create an account, import trades, connect a platform, test alerts, contact support or request a refund.
Trading involves substantial risk of loss. A journal records and analyzes past trades; it does not predict results or guarantee an evaluation pass or payout. This review is general information, not individualized financial advice.