Tradovate safe or a scam broker?


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Tradovate is one of the few futures brokers serving in the industry for quite a long time. However, the lack of information regarding the broker’s services has insisted we create a deeply analyzed and factual Tradovate Review 2024 so that potential users can have a comprehensive overview of the platform. 

So, if you are interested in trading with the platform in any way, read and research the entire Tradovate review 2024. We have explained the ins and outs of trading through the Tradovate platform as clearly as possible so that you, as a trader, are well-informed before you get started and place your first trade. Also, we have covered detailed information on Tradovate fees, account types, platforms, and instruments. 

Tradovate Review 2024: What Is Tradovate? 

Tradovate is a new-age cloud-based futures brokerage offering a variety of instruments to trade at zero commission. 

The platform was launched by Rick Tomsic in 2015 to cater to the needs of active futures traders. Meanwhile, the broker has a physical presence at 936 Home Road, Delaware, OH 43015.

The holding company of the platform – Tradovate LLC, is registered with the CFTC and an active member of the NFA. Additionally, the platform has partnered with popular futures exchanges such as CME Group, Coinbase Derivatives, ICE, and Eurex. The minimum requirement for day trading futures in the Micro E-Mini starts at $50, allowing for a small margin.

Having been in the industry for over 8 years, the platform has grown to its full potential. Today, it offers futures trading on 100+ instruments across Indexes, Currencies, Interest Rates, Metals, Energies, Agriculture, Meat & Softs. Tradovate is best for future traders.

Is Tradovate Scam or Safe To Trade With?

Tradovate is a CFTC-registered broker, making it the legit & safe platform to trade Futures. In addition to that, it is an active member of the National Futures Association (NFA). 

Besides regulations, we researched the broker’s reputation among its active users. Tradovate has got 4/5 stars on Trustpilot, with no complaint about it being a scam. 

Our findings from this detailed analysis of Tradovate Review 2024 indicate the broker is well-regulated and authorized to operate; henceforth, it is not a scam in any way. 

Tradovate Trading Markets & Products

The platform offers to trade Futures & Options contracts on a wide range of financial instruments on the following asset classes. 

  • Forex
  • Indices
  • Energies
  • Event Contracts
  • Meats
  • Metals 
  • Softs

Let’s briefly take a look at the available trading instruments across these aforementioned financial markets: 


  • Australian Dollar
  • British Pound
  • Canadian Dollar
  • Euro FX
  • Japanese Yen
  • Brazilian Real
  • Mexican Peso
  • New Zealand Dollar
  • Swiss Franc
  • US Dollar Index
  • E-Mini Euro FX
  • E-Mini Japanese Yen


  • Nano Bloomberg Large Cap Index Futures
  • Coinbase Nano Bitcoin
  • CME Bitcoin
  • E-Mini S&P Midcap 400
  • Coinbase Nano Ether
  • Ether
  • DAX Index
  • Micro EURO STOXX 50
  • Micro E-mini Russell 2000


  • Brent Crude Last Day Financial
  • Crude Oil
  • Heating Oil
  • Micro Crude Oil
  • Natural Gas
  • Coinbase Crude Oil
  • E-Mini Natural Gas
  • RBOB Gasoline

Event Contracts

  • Euro/U.S. Dollar (EUR/USD) Futures Synthetic
  • Light Sweet Crude Oil Futures Synthetic
  • E-mini S&P 500 Futures Synthetic
  • Gold Futures Synthetic
  • Copper Futures Synthetic
  • Henry Hub Natural Gas Futures Synthetic
  • E-mini Nasdaq-100 Futures Synthetic
  • E-mini Russell 2000 Futures Synthetic
  • Silver Futures Synthetic
  • E-mini Dow Jones Industrial Average Futures Synthetic


  • Feeder Cattle
  • Lean Hogs
  • Live Cattle


  • Gold
  • Copper
  • E-Micro Gold
  • Micro Copper
  • Micro Copper
  • Palladium
  • E-Mini Gold
  • Micro Silver


  • Cocoa
  • Cotton
  • Coffee
  • Random Length Lumber
  • Orange Juice
  • Sugar No. 11

The platform’s product offerings are considerable, but its limitation to Future contracts is quite a downside. Instead, you can trade with a fully-fledged broker like InvestFW. 

Tradovate Review 2024: How To Get Started?

To start trading on Tradovate, there are a few steps you need to follow. In this section of Tradovate Review 2024, we will discuss the step-by-step process of opening a trading account, making deposits, and placing the first trade.

Opening A Tradovate Account

The new account opening process on the Tradovate platform is pretty simple and needs the following steps to be followed:

  • Go to and click on the button marked “Open Account.”
  • Next, fill in the e-form with basic personal details such as your name, age, email ID, country, etc. Alternatively, you can also sign up through an Apple or Gmail account.
  • Review all the details you have submitted and click on “Register.”
  • Fund Your account to start trading on the platform.

Deposits & Withdrawals

Tradovate supports several payment methods for deposits, including Wire Transfers, ACH Bank Transfers and Mailed Checks. To deposit, follow these steps: 

  • Sign in to your account using the Tradovate login credentials. 
  • Click on the “Deposit Funds” icon. 
  • Select the currency and enter the amount you want to deposit.
  • Select a payment method and click on continue. 

At the same time, withdrawals on the platform can be requested anytime and support similar payment methods as deposits. Here’s how you can withdraw your funds from the Tradovate account. 

  • Sign in to your account using the Tradovate login credentials. 
  • Click on the “Withdraw” icon. 
  • Enter the amount you want to withdraw.
  • Select a preferred payment method and click on continue.

Note: It may take up to 5 business days for the withdrawal amount to be reflected in your account, depending on your chosen payment method. 

Tradovate Minimum Deposit & Withdrawal Amount

There is no pre-set minimum deposit or withdrawal amount, meaning traders can start with as little as $10. However, ACH Bank Transfer has a maximum deposit limit, i.e., $5,000 daily.

Minimum Day Trading Margin

Nano $10
Smalls $25
Micro $50
Standard Futures $500

Tradovate Fees & Pricing

The Tradovate fee & account pricing is in line with the global industry standards, as per our findings from this detailed Tradovate Review 2024. 

Talking about the fee structure, there is no membership fee, market data fee, and inactivity fees. There are commission and plan prices that depend on the plan type you choose to trade with.  

Here’s a detailed insight into Tradovate Membership Plans:

Plans Membership Free Access Active Trader Plan Commission-Free Membership
Monthly Fees N/A $99/mo $199/mo.
NFA Fee $0.02 $0.02 $0.02
Clearing Fee $0.09 $0.09 $0.09
Commission per side $0.79 Standard$0.25 Micros$0.20 Smalls$0.00 Coinbase $0.19 Standard$0.19 Micros$0.15 Smalls$0.00 Coinbase $0 

Tradovate Review 2024: User-Interface & Trading Platforms

Tradovate has partnered with several trading platform providers to offer the best-in-class services to its users. However, these platforms can only be accessed after paying the integration fee. Here’s the available trading platform on Tradovate: 

  • TradingView (Integration fee – $9.99 per month)
  • Collective2

Here’s a list of some advanced features offered by the Tradovate trading platforms: 

  • Depth Of Money
  • Charts
  • Quotes
  • Order Management
  • Simulated Trading with a two-week free trial
  • Market replay
  • Option Chain
  • Spread Matrix
  • Group Trade
  • Third-party Tools
  • Performance Centre
  • Beyond Trading
  • TPO Profile Charts

Tradovate App

Keeping in mind the fastest generation of traders, the broker offers an advanced yet intuitive mobile trading application. You can enjoy every feature of the platform’s web version on the Tradovate app. View the Chart and DOM side-by-side for any product, and manage orders and brackets directly. 

To download the Tradovate app, follow these steps:

  • Go to Google’s Play Store or Apple’s App Store and search for Tradovate. 
  • Click on install.
  • Alternatively, you can visit the official website and click on the ‘Tradovate Download Apps’ and scan the available QR code or click on the Download icon.
  • You’ll be redirected to Play Store or App Store. Download the official app from there. 

Tradovate Review 2024: Knowledge & Research Tools

This section of Tradovate Review will shed light on the platform’s available trading, research & educational tools. The offerings are generous and not limited to just specific products.

Knowledge Tools

  • FAQs
  • Community
  • Videos
  • Tradovate Release Notes
  • CME Resource Center
  • Custom Indicators Docs
  • API Documentation

Research Tools

  • Investor/RT Charting Package
  • MotiveWave
  • Sierra Chart 
  • Integrate CQG QTrader, CQG Desktop and CQG Trader
  • Elliott Wave
  • Fibonacci
  • Gartley
  • Gann 
  • Ratio Analysis.

Tradovate Customer Support Review

The customer support services are best-in-class in terms of accuracy and quickness. While writing this Tradovate Review, we tried calling customer support, and the executives were so friendly and immediately resolved our query. 

Additionally, the availability of several connecting channels is exceptionally great. You get support via Email, or phone and in case of instant support, there is a Live Chat & FAQ section.

Here are the contact details for Tradovate customer care; 

  • Tradovate Customer Care Number: 1 (844) 283-3100, (312) 283-3100
  • E-mail: [email protected]

Tradovate Review 2024: Why Should & Why Should You Not Trade With The Platform? 

As with several advantages, there are a few drawbacks of the platform you should not ignore if you’re considering trading with it. After analysing the platform for Tradovate review, we curated a list of the pros and cons of trading with the platform.

Pros (Why Should You Trade) Cons (Why Should You Not Trade)
40+ Advanced Trading Tools Unavailability of MT4 & MT5 Platforms
3rd Party Integration Tools Limited to Future Trading
Rich Educational Resources
Powerful API Tools
No Minimum Account Requirements

Tradovate Review 2024: Bonuses & Offers

Currently, the platform doesn’t offer any bonuses. However, there is an ongoing promotional event that lets you make your first prediction Daily Market Action to earn money. 

Conclusion: So, Should You Choose Tradovate? 

Are you relatively new to Futures trading? Are you someone with little to no prior exposure to such a complex trading instrument? If your answer is yes, then Tradovate is worth a try. Through this in-depth Tradovate review 2024, we analyzed the broker based on its fees, plans, and product offering and found it to be suitable for both beginner & professional Future traders

However, the platform’s limitation to just Futures trading is probably the biggest issue. So, if you’re considering or looking for a fully-fledged trading platform, InvestFW can be a good choice. The broker is well-regulated and offers a good selection of trading assets, including Forex, CFDs on commodities, Cryptos, Indexes, and stock, along with 24×7 customer support. 


Is Tradovate Only For Futures?

Yes, the Tradovate platform is limited to just Futures Trading, meaning you can’t trade CFDs or directly buy or sell assets on the platform. 

How Much Does It Cost To Open A Tradovate Account?

There is no account minimum to open a Tradovate account. There is a free membership plan which costs nothing. 

Is Tradovate A Broker?

Yes, Tradovate is a Futures trade broker specializing in offering Futures trading on multiple assets. 

What Is Tradovate Used For?

The platform can be used to trade Futures on assets such as Currencies, Indexes, Metals & Commodities. 

What Is The Minimum Trade On Tradovate?

There is a minimum daily margin of $10 for Nano Futures contracts on Tradovate. 

How Many Day Trades Can You Make On Tradovate?

There is no limitation on placing trades on the platform, meaning you can place as many trades as you can. 

How Long Does It Take To Withdraw Money From Tradovate?

The withdrawal on Tradovate is usually processed in 2-5 business days. 

Can You Go Into Debt On Tradovate?

Yes, you can go into debt if you keep losing in your trades. So, the better option is to practice stimulated trading before placing real trades. 

Can I Fund Tradovate With a Credit Card?

No, you can’t fund your account with a Credit card, as the only payment options available on the platform include Bank Transfer, Wire transfer, and Mailed Checks. 

Is Tradovate Free?

Yes, you can avail the benefits of the Tradovate Free membership plan. However, you are liable to pay a commission on each trade. 

Is Tradovate Regulated?

Yes, the platform is regulated by CFTC and is an active member of the NFA.

Is Tradovate Real-Time?

Yes, Tradovate offers real-time charting and market update features. 

Where Is Tradovate Based?

Tradovate is a US-based Futures trading platform operating in 100+ countries. 

How Long Does It Take To Open A Tradovate Account?

The account opening on Tradovate is instant; however, in some cases, it may take up to 1-2 hours to activate your trading account. 

Is Tradovate A US Company?

Yes, Tradovate is a US-based Futures trading platform operating in 100+ countries. 

Can You Trade Stock On Tradovate?

Yes, you can trade Stock Futures on Tradovate with a high margin and zero commission.  

Does Tradovate Charge For Market Data?

No, there is no fee for Market data on Tradovate.

How Do I Transfer Money To Tradovate?

To transfer funds to Tradovate, follow these steps: 

  • Sign in to your account using the Tradovate login credentials. 
  • Click on the “Deposit Funds” icon. 
  • Select the currency and enter the amount you want to deposit.
  • Select a payment method and click on continue. 

Is Tradovate An International?

Yes. Tradovate is a US-registered Futures trading platform operating in 100+ countries. 

Is Tradovate Market Replay Free?

Yes, the market Replay facility on Tradovate is free for its users. 

How Old Do You Have To Be To Trade On Tradovate?

You must be at least 18 years or older to start trading on the Tradovate platform. 

Does Tradovate Have Crypto?

Yes, you can trade Crypto Futures on Tradovate. 

How Good Is Tradovate?

Tradovate is an exceptionally well Futures trading platform with low fees and zero commission charges. 

How Much Margin Does Tradovate Give You?

The platform offers up to $500-per-day trading margins to its active users. 

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