With any amount of time exploring futures or online funded trader evaluation programs, you’ve probably come across the name Tradovate. It’s popular in the financial sector for day traders, particularly in the futures market.
But what is Tradovate?
History
Tradovate is a futures brokerage and trading platform provider.
It was founded 2015 by Rick Tomsic with the goal of providing futures traders with an updated technology-focused experience to both increase ease of use, and reduce cost.
Prior to Tradovate, Tomsic founded futures broker Open E Cry, LLC in 2001, and served in various executive roles at optionsXpress, Charles Schwab, and GAIN Capital.
The company made a name for itself in the industry by offering no-commission accounts, instead allowing customers to pay a periodic flat rate.
In January 2022, Tradovate was acquired by NinjaTrader Group, another trading software provider and brokerage, for a reported $115 million.
It’s important to recognize this distinction from another company you may have come across: Rithmic.
Let’s dive deeper into what Tradovate is, how it differs from Rithmic, and how you might incorporate it in your trading activities.
Tradovate’s Role in Day Trading
As both a broker and platform provider, Tradovate serves two main functions that are crucial for day traders.
1. First, it offers standard brokerage services to clients, taking customer funding deposits and facilitating the buying and selling of futures contracts.
2. Second, Tradovate provides a trading platform through which clients can view market data and execute trades.
Tradovate and Funding Companies
Some funding companies such as Apex Trader Funding offer Tradovate as an option for market data and platform usage.
It can be a good option for traders who wish to trade across multiple platforms including desktop and mobile.
Another advantage offered by Tradovate is integration with the popular charting platform Tradingview. Users with Tradovate accounts can chart and trade their accoutns directly in Tradingview.
Conclusion
In conclusion, whether you’re exploring how to make money through day trading or refining your current strategy, considering how a firm like Tradovate might fit into your approach can help you navigate the markets more effectively. These resources are there to support your trading journey, providing the data and connectivity required to pursue success in the fast-paced world of day trading.
Risk Disclosure:
Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one’s financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical Performance Disclosure:
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points, which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect trading results.
Any testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.
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Additional Disclosure:
The content provided is for informational purposes only. We do our best to keep the content current and accurate by updating it frequently. Sometimes the actual data, rules, requirements and other can differ from what’s stated on our website. Blackbelttrades.com is an independent website. You should always consult the rules, FAQs, knowledge base and support of any of the websites and companies we link to or talk about on our site. The information on their site will always be what ultimately dictates the current rules of their program, software or other. While we are independent, we may be compensated for advertisements, sponsored products, or when you click on a link on our website. The contributors and authors are not registered or certified financial advisors. You should consult a financial professional before making any financial decisions.
