Tradovate Review

Rana Adnan | April 1, 2022

Tradovate is a technology-centered broker offering commission-free trading and cloud-based solutions to active futures traders via the Tradovate trading platform. The broker provides clients with a selection of educational resources and a dedicated customer support team.

Broker Pros / Cons
  • Regulated broker
  • Cloud-based trading platforms
  • A selection of educational resources
  • Multiple account options
  • No MetaTrader platforms
  • Limited tradable instruments
  • Limited account funding options
  • Minimum $250 deposit

Summary

Launched in 2015, Tradovate is an online trading broker that offers futures and options trading. The broker has a web-based, mobile app-based, and computer program-based trading with seamless integration between platforms. There are multiple trading account options, and the broker charges no commission on trades.

Regulation

The brokerage services are provided by Tradovate LLC, which is a member of the National Futures Association (NFA) and registered with the Commodities Futures Trading Commission (CFTC).

Tradovate does not offer its services to citizens/residents of certain jurisdictions where the use of such services would be contrary to local laws and regulations of that jurisdiction.

Platforms

The broker provides traders with the highly advanced Tradovate cloud-based trading platform. The platform was built from the ground up for speed and integrated multi-device trading using technology designed for active futures traders. It also enables traders to use their favorite indicators and charting tools for market analysis. Direct API integrations enable seamless trading across all your screens with premium partners, including Tradingview, Jigsaw, and Collective2. As a client, you get full access to all versions of the platform: the desktop application for Windows or Mac, the web browser-accessible WebTrader, and the mobile apps for iPhone, iPad, and Android devices.

Tradovate Platforms

Tradovate Platforms

Tools

There are no standalone trading tools on the broker’s website. Nevertheless, the Tradovate cloud-based platform should have more than enough built-in trading tools to satisfy even the most demanding traders.

Education

The broker’s website has a trading blog that contains a wide range of educative articles to keep traders informed on the latest happenings in the financial markets. There are also Press Releases and an FAQ section that offers instant answers to clients’ most common questions.

Tradovate Trading Blog

Tradovate Trading Blog

Markets

The broker offers exclusive futures and options trading to their clients via the proprietary Tradovate trading platform.

  • Low Day Trade & Initial Margin Rates
  • 40+ Advanced Trading Tools
  • Trade Over 100 Products From Leading Exchanges

Gain exposure, manage risk and expand your trading opportunities with the most liquid markets around the world. With more than 100 futures and options on those futures available, your world just got bigger. From Indexes, Currencies, Interest Rates, Metals, Energies, Agriculture, Meats & Softs, there are always new markets to learn about and trade.

Tradovate are also offering real-time equity data for the components that make up three of the most highly traded futures contracts. Real-Time and historical tick, minute and 20 years of daily data are now available for equity symbols that make up the S&P 500, Nasdaq-100 and the Dow. You now have the same benefits, charting, tools and features of Tradovate to help you analyze stock data.

Accounts

Tradovate offers the following types of accounts:

  • Individual
  • Joint
  • IRA
  • Corporate
  • LLC
  • Trust
  • Partnership

Demo accounts are also available for practice purposes.

Support

Clients enjoy prompt customer service support via telephone, email, Live Chat, and social media.

Funding

The broker accepts the following payment methods:

  • Mailed check
  • Wire transfer
  • ACH bank transfer

Signup

To open a trading account with this broker, click on the ’Open Account’ button and fill out the application form and, then, click submit.

Tradovate Account Opening Page

Tradovate Account Opening Page

Compare

Compare Broker (vs Our Top 3 Brokers)
Broker FeaturesAvaTradeIGIC Markets
Founded200619742007
RegulatedASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSAFCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFFASIC, CySEC, FSA, SCB
CountryAustralia, Ireland, South Africa, Japan, British Virgin IslandsAustralia, UK, USA, Switzerland, UAE, Singapore, JapanAustralia, Seychelles, Bahamas, Cyprus
Min. DepositMin $250 DepositMin $100 DepositMin $200 Deposit
CommissionFrom $0From $0From $0
SpreadsFixedVariableVariable
Leverage1:4001:2001:500
InstrumentsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFsForex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs
PlatformsMetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, MobileMetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, MobileMetaTrader 4, MetaTrader 5, cTrader, Web, Mobile
TypeMarket Maker, STPSTP, ECN, DMAECN
FundingWire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, SkrillWire Transfer, Credit/Debit Cards, PayPalWire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli
Visit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit Broker

Conclusion

Based in Ohio, Tradovate is a modern-day trading broker that offers futures and options trading via highly sophisticated trading platforms. Clients get access to a selection of educational materials and enjoy dedicated customer support. However, the broker is limited in terms of trading instruments and accounts funding options when compared to some of the best trading brokers.

Tradovate Logo

Min $250 Deposit

Tradovate is a technology-centered broker offering commission-free trading & cloud-based solutions to active futures traders via the Tradovate trading platform.

Futures and options trading involves substantial risk of loss and is not suitable for all investors.

About the Author

Rana Adnan
I am an introverted long-distance runner and a Forex trader with more than 7 years of experience. Reminiscences of a stock operator was the first book that changed the whole concept of trading for me.

Review Methodology

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.

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