Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Yes, they're pretty good in terms of pricing. Especially if you make a lot of trades per month (500+).
Their platform is in constant development, and although it looks nice, it's nowhere near reliable software like Sierra Chart.
Another thing is that their trades go through Dorman and I found their executions are slightly worse than Interactive Brokers.
I had tradovate they were ok if you trade alot but I found that it was actually cheaper to go with the broker I'm with now and at 0.79/commission its definitely not worth it to be restricted to their platform or pay a connection. Also tradovate still needs work on their software during volatility you will notice stalls maybe they fixed that but commissions werent competitive enough to warrant renewing
I have been using Tradovate now for about a month and plan to continue with them. I haven't run into any real problems or issues. Everything is on the cloud so it uses their resources to run so you dont need a high powered computer to use it just a decent internet connection. I am not trading enough contracts to warrant the monthly fee for free commissions yet, and even without those plans, $.79 is still cheaper than Ninjatrader which I think is like $.83 or something.
Anyway, you have to pay like $7 per month for exchange data+DOM data and it is a couple dollars per month for each exchange data stream you add.
The simulated paper-trading works really well. It seems like it remembers the place you enter into a position at and fills in order of the actual flow. So if you put a limit order in your order will get filled after it runs through the contracts ahead of you.
I think you have to pay like $35 extra to get market replay.
The charts could have more indicators but I use tradingview for most of my charting. The Tradovate charts are better looking and easier to navigate than RTraderPro if you have used that. Tradovate has a way to build custom indicators too and share them to the community for download. I was able to download the Awesome Oscillator somone had built and it pops right into the list of other indicators and ready to use.
The default sign-up option is with Dorman. If you contact support before you sign up and ask, they can also give you a link to to sign up with Phillip Capital instead which has ACH banking, which Dorman is doesn't. I signed up with Dorman and they email you a summary everyday of your account if you traded that day.
The Tradovate customer service was good. They responded to every email I asked a question on within a half hour during the normal business day.
And they don't spam my email with promotions and marketing which is nice.
Edit: Also forgot to mention that in simulated trading, it simulates the commissions and fees costs so you can get real profit lost estimates that factor in the trading fees. That is really nice imo.
Okay, yeah, I know that at least with Dorman Trading the money is wired to BMO Harris Bank out of Chicago.
I would definitely practice on the simulation account first until you get the hang of placing orders though. You can trade from the chart, from buttons and directly from the DOM, and you have to be especially careful with that because it is 1-click instant trading depending on a right-click or a left-click on the DOM. It will place a stop order or limit order in 1 click depending on where you click on the DOM order book and if you are unsure what your mouse clicks will do you could potentially make bad trades.
They have bracket orders and advanced oco and oso orders too which is what I mainly use...so that once my trade is filled it sets my target and stop loss and once my target is filled it automatically cancels my stop loss order. I select order types first and then put in the prices. That's what I have found to work the best for ensuring accurate trades. Double check everything of course. Your trade positions show up on the DOM and on the chart so it is easy to see.
@Blaster666
I used Tradovate and TSTrader at various times and was happy (TSTrader is the Topstep Trader branded version of the Tradovate platform).
I use Jigsaw trading tools and they work with a data bridge off Tradovate very well. I have also found Tradovate support very helpful when required.
The only issue I had is that the platform can use a lot of CPU during fast markets. Especially now they have added orderflow tools. The footprint chart for instance I tried but found there were periods where the price line was moving up and down with price but the numbers showing the volume transacted weren't changing and the chart would need to be reloaded. Or adding volume profiles to a chart puts the CPU load up too (processor i7-4771 3.5 GHZ quad core, so a good processor but about three or four years old). My view is the platform has everything I want but I think it will benefit from time allowing performance improvements from the developers to work through the system.
There is an iphone app for Tradovate so if the platform goes down that can be used for position management if required.
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
Well ... surfing on Internet I found some videos from a guy named Marcelo Arrambide (day trading academy) of which I think is a suspicious person ... I don't like his "academy" ...
Well ... this guy founded a company named Speedup Trader ... in short it is a platform to trade futures (without NFA regulation) ...
This platform is the same as Tradovate's platform ... when logging in https://speedup.tradovate.com:443/ with my demo credentials from trader.tradovate.com ... then I can get demo from speedup trader
Maybe Tradovate's platform is in fact Speedup Trader's platform?
As for what I know, Topstep Trader neither has NFA regulation ...
My interest is a broker with a regulated, legit, reliable platform ...
Please tell me if I am wrong with some of these paragraphs above. Thx.