Tradovate commissions reddit Look into Tradovate as well. Honestly this is on the very bottom of the totem pole and I wouldn't expect them to ever implement it because it has no effect on live cash accounts, where they collect their commissions from. Meaning it runs on your computer, where as tradovate is a web based Initially I went with Tastyworks. For example you can't set up tradovate to automatically take profit at a target and sell all but one of your contracts. 5 mnq that's 50$ loss personally as a new trader myself, I like ES better because I don't see myself getting squeezed out of a position, to just have it reverse. I'd start looking into Tastyworks, if you don't want to pay $11-30 month for market data info. Now, back to 3900, MES - 1 contract long. I've read through the details of so many different funded trading programs and stuff being written online about them. OFA (Order Flow) has two products on Tradovate: OFA Charts - traders use these for volume cluster analysis data visualization to break down periods into critical data points for precision entry, stop and take profit prices, custom drag-and-drop volume profiling complete with CWAP, VWAP, & Tradovate. However, Tradovate is primarily only for futures, so it is not for those looking to branch out into other assets like stocks and ETFs. They had a schedule they can follow to see if you qualify. 12/14 Days on my Tradovate Trial Simulation account. I'd say tradovate for scalping, amp/tradestation for all others 123 votes, 38 comments. 57 per trade but that does not include exchange fees which are about $1. I've been using the demo for over a week now and it seems nice, but I saw a couple comments on here saying their commissions scheme is misleading. I’m still giving Tradovate a shot, the outages they have been having is because of their merger with NinjaTrader. It can literally save you thousands of dollars in commission every month. 17 per side. That requires at least two ticks to break even. Software is free. com's Reddit Forex Trading Community! Here you can converse Tradovate crashed and I could not get back in. Ironically a lot of platforms being listed are still through intro brokers in the futures space: Ninja, Quantower, Tradovate, etc. Also if you so desire you could use tradingview to actually place trades through tradovate. Let's compare Tradovate and TD Ameritrade, for example. Tradovate RIP - Use the correct site self. the other tradovate options were more expensive for my current Tradovate is Best For. It's very active from 7-10pm est. and even then you still need to pay for data on TradingView that’s $5 a month. And something I realized today- no charge for replay mode. Although this is less than a I tested Ironbeam when they first came out, which barely has any useful tools. 19 votes, 44 comments. When I say free I just mean as far as being able to use the software. Because of this, only TopstepX accounts can access the platform. 50 at that point. Price moves to 3901, 1 full point. I switched over from TD Ameritrade's Think or Swim, their commissions were pretty high, but I still use their charts. tradovate. Is this not the case? PS my trial expires in November 12. When clicking Buy MKT it prompted a message saying that a “Tradovate membership required to trade”. TD fees and commissions are $7 round trip, whereas Tradovate is about $4. Get the Reddit app Scan this QR code to download the app Obviously the big difference is cost, and the TS dashboard is much nicer with what they tell you, though if you use Tradovate you get almost the just get a tryout from apteros, they have 1. Log In flexibility, good tech etc? So far I keep seeing Tradovate and Ninja alot. Tradovate is best for those looking to trade futures with low commissions, especially if you trade enough to justify a monthly fee to lower your rates. Log In 500 usd is not enough because propprtionally the impact of commissions is a lot higher with micros I was in your same shoes a few months ago, learning scalping and wanted to focus on MES since my account wasn't huge only 2k starting out and figured out quickly not worth trying to scalp MES on TOS because commissions are too high, you need to look for a broker that offers special commissions for micros such as tradovate, amp futures, a few others. cheap commissions with AMP and can get low $30 margins for MES and $300 for ES While I like Tradovate for my personal account due to the lower fees and margin requirements, I find it hard to justify for Topstep. About; This plan drops the commissions to $0. 84 for Tradovate has competitive commission rates, making it a good choice for traders watching costs. I would definitely recommend opening up a demo account and trying them out to see if you like it! I'm in the same boat bro, tried out tradovate like a lot of people recommendnah I'm good, I haven't even deposited money with them and I've had 1 too many issues. 3M subscribers in the Daytrading community. move to something cheaper, anything tradovate, ninja trader, Welcome to FXGears. Or check it out in the app stores For any Tradovate accounts opened prior to 3/4/23, the commissions remain unchanged, regardless of membership plan. Reply reply Welcome to FXGears. And there is no second of all. $99. Practice Trading Futures with a $50k RISK-FREE Simulated Trading Account. Where can I see all the fees/commissions/costs associated im TDA through and through but I switched to Tradovate for futures. This comes out to $3. com is a futures trading brokerage that could change your trading game. with minis the commissions are larger, but a much smaller percentage of the move. Their web interface is close to (but not quite) to the level of TradingView. As far as scalping micros like MES, I’m just curious why would anyone choose anything other than Tradovate w basic CME data feed if there’s no software license fee to get . AMP also offers low commissions, and apparently based on this reddit post, you can get flat (cheaper) commissions with the link on the post: https: I'm currently using tradovate and if i could rewind time and tell my former self anything it would be to STICK to TOS. And to be honest, I wouldn’t recommend trading on TradingView because say you start becoming profitable, Tradovate doesn’t have ATM or bracket orders for group accounts for copy trading, if that’s don't do futures on TD. Read our indepth review to learn about all the tools Tradovate. com offers. And you will reach the same destination. Essentially so that all my orders go through from NT to Sorry if this is basic, but want to understand the margin requirements. If you select a Rithmic, CTS, or Tradovate-based platform, GFF day margin: $750/contract GFF commissions round trip: 4. Tradovate English Deutsch Español Français Italiano Português Русский 简体中文 繁體中文 한국어 Tradovate has the cheapest fees from what I've seen. This reddit is moderated by a CoinSpot representative Tradovate I do not know about Tradovate, I have only used the ones i mentioned in my previous post, you just want to make sure that what you are looking for is built for high speed trading and has a focus on futures. There are many many retail futures traders that are successful over the long haul they just aren't posting on Reddit or anywhere for the most part. Really what you need to accomplish to do this is finding an edge and mastering the psychology part If you cant do it with one account. Members Online. And if you don't consider commissions in your trading, you should be doing so, it is a very large percentage of small accounts and gets more meaningless as your account growsbut if you are trading /MES. Sort by Commissions seem a little higher but I’m liking Plus500 mobile app a I was planning on using Tradovate because of the low margin requirements and the tradingview integration, but from the sounds of it things like trades being placed a few seconds late, high market order slippage, platform going down, and being bought out by NinjaTrader, this all sounds like tradovate is just a sellout now. This is the route I took and currently One method is to tell them what your current broker is charging and tell them you would switch to them if you could get cheaper commissions. 09 cents a contract, add the clearing fees it comes out to . Between a) trader funding reviews on youtube & sites disguised as help, but actually created solely to earn I had a great strategy and I understood price action very well. I’m running it on Windows10(could be the reason for my stability with it), and I have never experienced an First of all, don't go with either of you want to trade futures with a 1k account. 90. Just want to place futures trades through Tradovate. This makes it a cost-effective solution for experienced Tradovate is an NFA registered futures commission merchant (NFA ID# 0309379) that accepts orders and receives customer funds to support such orders to traders of futures exchange products. Essentially so that all my orders go through from NT to tradovate? NT round trip commissions (even with lifetime) are simply too large for my high freq trading strat. Tradovate all-in rate I think is $0. 87*2 for a round trip? Thanks for any help. Just a quick one then, I can't send a picture here, but when I click the dropdown on equity and P/L on Tradovate, the T. I just recently got the demo trial of Tradovate, and I’m really enjoying the desktop version, but the mobile app (Tradovate pulse) is confusing me. If you can handle slightly higher day margin then the commissions are no more than what I'm paying now. On IBKR or trade station, 1k Hi guys, Newbie here. the commissions as a percentage of the underyling are too large. If you really want to go with Tradovate, you'll need to close your NT account. The website makes it seem like you can get all the same functionality on mobile, but I can’t seem to customize the charts or even zoom in on them. Or check it out in the app stores I’ve put as little as 500 into a Tradovate account and traded micros. Commission Fees: Tradovate may offer lower commission fees compared to some platforms but could be higher than others that provide commission-free trades. Be specific with the number. 8$ per contract commissions and they will essentially scale you as much as you can. I personally trade 8 fundeds on Tradovate and am currently placing orders without the group trader. 19-per side on futures trades. ALL TRADOVATE PLATFORMS INCLUDED WITH NO LICENCE FEES Exchange, clearing, and NFA fees still apply Visit our Pricing Tradovate's commission-free futures trading platform provides a flat-rate trading alternative with no additional fees for mobile or tablet applications. Edgeclear is harder to figure out. That's about as cheap as it gets across all brokers. So you're paying $14 round trip / contract. Hello everyone, I pay 2. The trick is you need a minimum margin per contract and then some for drawdown and you can’t hold a position into the closing bell without an enormous amount of margin. com/TradovateAllInRates. But my current work schedule doesn't allow me to trade as frequently during the day as I used to, and The PDF file with commissions is showing me a 0. ToS fees are $7 per. Is it possible to connect NT through to tradovate, where I take trades on tradovate but use NT for charting. The worst is the reporting. Tastytrade commissions are not that high ($1. I think NT's web platform is basically reskinned Tradovate, but the desktop app is and has been it's own thing for a very long time. You need to scalp at least 2 ticks just to be profitable. I know today I spent 50 bucks in commissions, which is high for the contracts I trade. no? Posted by u/Mission_Alfalfa_6740 - No votes and 1 comment Plus, I have always traded on Tradovate and TradeDay supports it as a platform. If you purchase the annual membership for Tradovate to get $0 commissions you still have clearing fees which come out to . Both is owned by Ninja now, so if you get approved by one, you'll get rejected by the other. TopstepX™ provides its own isolated market data feed. 98 per side. I picked them on a search a while back, but went with Tradovate instead since I didn't have to pick a platform and clearing firm. $0. Although I haven’t yet funded my account I was under the impression that I could use the Free Membership option (for now) and just have higher commissions. 18 right? Tradovate has a great historical trade-analysis system. I realized $250 is prolly too low. Don't miss the next big move Hi guys, Newbie here. 18 a round turn for ES, or just go with AMP and pay $3. dont go near tradovate anymore as ninja Sierra and Stage 5 for me starting tomorrow. When I emailed them, they offered $99/month fee to reduce commissions of Emini's down to $0. But Ninja has a 'buy' option for the highest tier, like 1K and change, where Tradovate doesn't, you'll need As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. no negotiating necessary. User Community for Futures Trading brokerage Tradovate Tradovate is Best For. I also use ToS free Bookmap for /ES, which has a much better DOM/order book. Works great. 96 or $1. Any insight would be great! Hi all - I've been using TDA paper trading for futures but am finding it difficult to get approval to trade futures there. A full round trip would be $3. to me, if you like their platform, charts, interface, ease of use, flexibility, etc, then not a big deal bc worth it. or jigsaw for that matter although it's hard to recommend jigsaw in the volatile equity indices futures markets right now. What a numbskull. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, Get the Reddit app Scan this QR code to download the app now. The regular margin is around $1500 for 1 contract right now. Last year I switched away from Tradovate because tradovate is best if you daytrade. 61 (61 cents) per trade is the total cost (commissions and other fees not charged by Tradovate but charged by markets that get passed onto Tradovate and then passed on to you), so a buy Commissions are the number one expense for traders. 99 for MES every 90days? Reply reply More replies More replies More replies More replies Tradovate is Best For. I was planning on using Tradovate because of the low margin requirements and the tradingview integration, but from the sounds of it things like trades being placed a few seconds late, high market order slippage, platform going down, and being bought out by NinjaTrader, this all sounds like tradovate is just a sellout now. QT is intuitive. Look at a broker like Ninjatrader/tradovate or AMP. I know there is a Tradovate is Best For. Dip your toes with tradovate as it offers a really low barrier to entry and has a lot of features for being browser based. Trying to see if there are other options other than thinkorswim. Reddit-OpenAI deal: ChatGPT gets access to social media platform bbc. I mention this just so you understand the extreme leverage you are playing with. Sorry i'm a bit confused on how many commissions you actually pay per contract. When I eventually move onto live trading with micros which one of these brokers is the best? I know the free version of NT has eh commissions but don't know what would be best to start with. 77, totaling $3. I appreciate the response. They ARE a cheap discount broker. Can’t friggin wait. Only thing I can think of is they make money on commissions of you buying and selling. I left Tradovate for Amp with Tradingview. No commissions for stocks or options. Let me explain NInjatrader is a locally runned program. Use TOS for charts only is my input if you want to scalp. Check out tradovate all in rates. Tradovate's pricing page I am new to Tradovate but I really like it since I can trade futures with much lower commissions than TD AMERITRADE. I started trading the MES because I had the Same thing happened to me today. Fees are charged by But it won't trade (live or demo, since the account is funded) unless I subscribe to a market data feed. I prefer trading from charts. No problems with orders or lag and love it. The platform is available through all major web browsers on any computer. Reply I chart on both ToS and Tradovate, and execute on Tradovate. no need to use the very average tradovate platform. However TDA will reduce your commissions on futures if you have some volume, just chat that up right from ToS and request if they can lower it. 5k one time payments gives me $0. My options has always been w TDA, Tasty, and ETrade. It is very much an all-in-one broker + platform. Currently use tradovate and haven't looked back. Can't Find Shader u/GetSmitt, can you confirm that you're doing (or did) a funded trading program with the elitetraderfunding. Combine Tradovate + TradingView for an amazing experience. 30 per contract I believe (again, in & out) You can contact them and request a better rate, and they may give to I already had one. I'm really bummed I didn't go straight to Sierra from ToS. Help your fellow community artists, makers and engineers out where you can. Thats 200$ loss. com? Flat-rate monthly commissions = $99 to trade an unlimited number of ES contracts (with a lower price for one-loters). r/FuturesTrading A chip A close button. So the all-in rate for ES for a free account is $2. Then got message that I've used up all of my ATM strategies and have to close one but everything is closed and flattened. But when I lost 1 time in the ES, it brought me down to the MES because of insufficient margin which was $500. I think their platform is very user friendly, and the commissions/fees are at a very great price level compared to other platforms. Traders who consistently trade high volumes of futures Tradovate offers 3 tiers of pricing strategies that allow you to customize your account based on the number of trades that you place and your unique needs as an investor. Top Posts Reddit . Futures traders looking for a comprehensive, customizable trading platform might consider Tradovate. Log In / Sign Up; Advertise on Reddit; Interactive brokers is king for reliability and their charts Their commissions are lower than Tradovate though. quantower has market heatmap feature and everything in between. Note that both are on 2022 commissions and don't include the 2023 CME price hike. I do the active trader, which is about $80/month and I Overall I personally haven’t had any issues with tradovate, but I also wasn’t using them when there was that outage that happened. I am testing out Tradovate because for the amount of micros I trade I could probably be better off by paying 200 a month per their 'commission free' plan. per month. The company runs Tradovate and NinjaTrader, which you can divide further into demo feeds, live feeds, I'm just curious as to how much other members of this subreddit pay in commissions for futures per trade. Tradovate seems to be popular and I think has low fees. Tradovate is Best For. Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars; User Community for Futures Trading brokerage Tradovate Members Online. I've found that most of them giving lower rates either don't include fees or have some sort of weird pay more for 1 side and less for the other etc. Cheap commissions. It wasn't all that long ago that Topstep actually had zero commissions when using TSTrader (Tradovate). With Jigsaw, there's an option to select Tradovate pricing for a monthly fee of $199 which offers 'unlimited commission-free transactions' reducing the Tradovate transaction fee of $2. reReddit: Top posts of February 15, 2022. com's Reddit Forex Trading Community! Here you can converse about trading ideas, But by googling keywords like "reddit amp futures vs ibkr" and so on, Another thing I could see being a problem is that they don’t take their commissions out until around (from an issue on I’m still giving Tradovate a shot, the outages they have been having is because of their merger with NinjaTrader. However, Tradovate is primarily only for futures, so it is not for those Unlike other platforms, Tradovate does not charge per-trade commissions, platform licensing fees, order routing fees, or mobile app fees. 98/contract GFF ES data: $11. 62 cents round per contract. Overview of WeBull Hey everyone, might be a dumb question but I wanted to get some clarity on the tradovate monetization system. 87 x 2 + 1. 72. 50 round trip for everything. In the past I've used Tradovate, because they offered low margin contracts. Tradovate isn't the cost savings people think it is either. The charting on Tradovate is complete ass though so I actually still do all my charting for ES, NQ, CL, and GC on ToS Reduce your per trade commissions. I use them for charting, but not trading. You gain $1. Their current charting kinda sucks, Welcome to FXGears. . Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. $3 if you are a paid premium. Tradingview has this option available for a couple of different brokers. Lifetime. Specifically volume. At tradovcate, you could pay $1500 to get thier lifetime discount and pay $4. Is everyone posting anything to do with trading platforms Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. 3. Ahh that does make sense, considering Topstep have their own URL for Tradovate I see why that's the case. 00 AMP day margin: $400/contract AMP commissions round trip: $3. R Max Drawdown bar is full, and there's a green button next to it, where normally it's red for all the others? This community is for users of the FastLED library. But that's not me. I wasn't even gonna use tradovate for anything but executions MNQ MES Commissions I've been day trading, mostly options, in cash accounts for retirement for the last 5 years and have gotten pretty good at it. which broker / exchange do you use that has low enough trading fees / spreads / commissions that Get app Get the Reddit app Log In Log in to Reddit. Terms & Policies I use Tradovate and the fees are very reasonable. "Low tier professional:" CQG's dedicated platform options, Trading Technologies, etc. Our goal is $2. no? Tradovate does have a trade copier already (called Group Trade) which allows a user to place the same trades on all of their own accounts under a single login. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. On economic news, the index can move 40 points or more in a minute! Here is the reply that Tradovate support sent me when I asked them about this new add-on. I've used ninja and sierra. 54 round trip. Tradovate’s 3 plan Tradovate is a regulated forex broker for trading futures and options. You can move into a paid platform after you've developed and refined a winning strategy. Thanks! Share Add a Comment. There are other brokerages that are Tradovate has not been as bad to me as others have suggested. I'm not talking about initial/maintenance margin which is the 'futures margin' that you referred to. You gain $5 less the commissions, $0. Current Balance: 1,050,000 from 50,000 start. I've spent $60k in commissions to my broker trading from my own account. Log In / Sign Up; Advertise on Reddit; This is where it got finicky for me so I decided to place the trades on tradovate. OFA (Order Flow) has two products on Tradovate: OFA Charts - traders use these for volume cluster analysis data visualization to break down periods into critical data points for precision entry, stop and take profit prices, custom drag-and-drop volume profiling complete with CWAP, VWAP, & it could be forex futures, crypto futures, etc. But yes. or 4 installments of $499. Log In / Sign Up; Advertise on Reddit; tradovate is the most used broker in the poll we made at our discord. However, Tradovate It might be worth looking at AMP with TradingView. You will still have fees with each trade. 18 with lifetime on a full $50 per point ES contract. If I'm not mistaken, I believe Ninja and Tradovate has now merged. but losing money due to a technology issue, and considering we pay commissions. These last couple of weeks have been a really rough market so I had a lot of very risky trades with massive drawdowns, but always AMP offers heaps of different software, some free and some paid, Quantower is my favourite so far, i also use ninja trader but that does my head in. Learn more about Tradovate with our review. How much should I be putting in and any good ways to avoid this again? Hey everyone I trade micro nas on tradovate and the application didn't let me buy 2 contracts even though I had way above the Get app Get the Reddit app Log In Log in to Reddit. Always used Tradingview for charts anyway and no monthly connection fee and commissions even a little lower than Tradovate. They've also recently put their commissions up, and the platform has been quite buggy lately. Not only because of fees but margin requirements. Even live data subscription is pretty 13 votes, 29 comments. Wouldn't close all the orders. Usually I’ll do analysis on TV, make trades on tradovate, AMP offers heaps of different software, some free and some paid, Quantower is my favourite so far, i also use ninja trader but that does my head in. Our complete guide provides account features, trading platform fees, pros, cons, and more. After a month of 250 contract trading volume I got lowered $. comments sorted by Best Top New Controversial Q&A Add a Comment. used to be with tradovate but left when ninja bought them due to the problems. 84, does this include entry and exit? Or do you pay 2. No cost for ToS, just gotta open a small account with TD Ameritrade, request futures data and request the free Bookmap (only for /ES,AAPL and MSFT). Reply reply Lemmy is not a reliable reddit alternative Get app Get the Reddit app Log In Log in to Reddit. 80 round trip. This sub will be private for at least a week from June 12th. 25 on their free plan. 50) but if you compare with futures specialized brokers like Tradovate, it's still high. pdf. I'm getting lower commissions but none of the other stuff you need. The membership plans reduce or eliminate only commissions, depending on which tier you pick. You can always apply for 25% intraday margin requirements, but the commissions are 2. Ninjatrader and Tradovate are two complete different systems. Though the margin requirement is $50, that is a special rate from Tradovate. The Tradovate does not and lacks many important features. I have negotiated option pricing for commissions as there is a big competitor that gives I have traded a lot of futures with interactive brokers before tradovate and no difference or problems. View community ranking In the Top 20% of largest communities on Reddit. You can hit up AMP futures if you like, since Tradovate isn't insured or backed. I moved over to Tradovate because they have the TPM charts built If your just aiming for 200$ per day. I asked if Tradovate would give this offer to others. 25. TradeStation has a promotion on commissions. With the one time payment for the lifetime license on NinjaTrader you can get commissions down to . Customer support gets a 6/10 On paper trading the commissions for a round Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. Let's use that as an example. Anything over 1 tick is gross profit. I will most likely be using the free No, you can absolutely get blown out and lose more than $2k, tho Tradovate does try to auto-liquidate as soon as your equity gets below the min/day margin req (they charge you a fee if Has anyone tried Tradovate. 15 / Nano & Event Contracts Commission per side. 10mnq/1nq that's 100$ loss. 60/contract Not sure what AMP data is but if it's comparable I'll probably go with them. Skip to content. 25 = $2. Get a free 14-day futures demo account and simulated trading experience at Tradovate with 40+ trading tools and real-time market data. Tradovate's lower commissions and margin costs are intriguing enough to give their platform a try but I'm finding it difficult to set the chart up the way I want. This is only true for certain API's. Rather I thought that Tradovate offered a separate kind of margin, allowing you to enter a position with less then the initial margin requirement. Reply reply more reply More replies More replies Get app Get the Reddit app Log In Log in to Reddit. Amp futures with quantower, never looking back. i experimented with trailing stop yesterday. Subscription Fees: Unlike many platforms, Tradovate Use Tradovate Membership Free for as long as you like. 15 and was told I would need around 500 contract trading volume to further lower my commissions and quite nearly 600 to compare to tradovate prices. Commissions are also This sir is the single most informative comment on Reddit I’ve ever I built a little spreadsheet, with tradovate's basic plan I would have paid 409 in commissions vs 777 that I paid with schwab. Welcome to FXGears. I am trying to wire money to my account, but it is kinda confusing. r/Daytrading A chip A close button. Today I had this shit happen (new starting today) where the buy and sell market buttons above the chart shift to the right after I've got the same sort of thing going on ToS papertrades as well. https://www. 25 less the 1. Log I’ve lost 4 figure trades because of it and TradeStation only refunded commissions I’m with Tradovate now and have been very satisfied with their platform and customer service. 25 / Micros $0. So a few days ago I put in $250 into my account and I got auto liquidated. Top two for now are tradovate and ninja trader due to low commissions and tasty comes in 3rd cuz I believe they sold the thinkorswim to td and I haven’t heard much about trade station so I Hi, as I'm sure most of you are aware, Tradovate has started charging $60 a month for basic indicators such as VWAP. Tradovate comments. They only provide very basic technical analysis tools. You start the trade in Can anyone suggest a broker that has low commissions like AMP Open menu Open navigation Go to Reddit Home. 00 looking at AMP and Tradovate. 30 USD a tick. 3K subscribers in the Tradovate community. if you have a stop of 5 points. So in this context Tradovate is superior if you're intra day/ day swing trading. For more info go to /r Here is the reply that Tradovate support sent me when I asked them about this new add-on. Worst tax advice on reddit award goes to this guy! You pay taxes on net trade gains, which is gross profit," this doesn't even make sense!! Your commissions and fee's get added to the cost basis of the trades, so you pay on the NET profit, which is minus the fee's. Everything about ninja trader and tradovate are identical, yet I see posts of people preferring one over the other. Only thing you pay is a monthly data fee and thats like 15 bucks for CME. 88. Looks like 50 cents for micros for NT vs 47 cents on Tradovate, for their highest plan. Tradovate. If you scalp /NQ, TD requires $17600 margin, whereas Tradovate requires $550 during market hours, $1000 overnight (but I think full margin that CME requires if you hold through daily close). I don't have complains about TT service. Tradovate English Deutsch Español Français Italiano Português Русский 简体中文 繁體中文 한국어 I must capture 5pts to make an MES trade worthwhile on TD but I no longer use them. 5 in commissions each way, Open menu Open navigation Go to Reddit Home. Futures commissions is still way too much in general for TDA Reddit . The Get app Get the Reddit app Log In Log in to Reddit. You open a contract at 3900 on MES, 1 contract long. Yes $4. If you're not confident going live yet, you could just enter and exit a micro contract immediately. r Welcome to Destiny Reddit! This sub is for discussing Bungie's Destiny 2 and its predecessor, Destiny. Reply reply More replies. ALL TRADOVATE PLATFORMS INCLUDED WITH NO LICENCE FEES Exchange, clearing, and NFA fees still apply Visit our Pricing Some like Ninjatrader or Tradovate are based off of CQG. I recently made a tradovate account and I understand I need to pay for market data, however it also auto enrolled me into the Tradovate - Sim plan which is $12 a month and currently on a free trial until Nov 25th, does this mean I can only trade on a sim account Please update the reddit community about any further developments because this requirement sounds like a real hassle and it would be great if I've opened Robinhood, webull, tos, tradovate, ninjatrader, trade I use AMP, they are great, low commissions, many platforms to choose from. For more info go to /r GFF day margin: $750/contract GFF commissions round trip: 4. 1 tick of spread + commissions like 0. Stage 5 has a cheaper $79/month fee vs Tradovates $99/month fee. When you are ready for additional savings you can upgrade any time. Overview of thinkorswim If you are coding advanced indicators or automation, stick with NT. Or check it out in the ($500 mini, $50 micro) the commissions are cheaper with AMP futures and you have a whole list of platforms that you can connect Tradovate's platform is decent and free but then you're tied to using tradovate as a broker. You can now use both the apps with either credential. with electronic trading that we agree to on account sign up and they wouldn't offer compensation for it besides maybe commissions. The problem I think I see Tradovate is best for those looking to trade futures with low commissions, especially if you trade enough to justify a monthly fee to lower your rates. This reddit is moderated by a CoinSpot representative Please update the reddit community about any further developments because this requirement sounds like a real hassle and it would be great if I've opened Robinhood, webull, tos, tradovate, ninjatrader, trade I use AMP, they are great, low commissions, many platforms to choose from. usually about $1. Commissions & Fees 11:40:19 TRD 3664618891 SOLD -1 /ESZ20:XCME u/3695. Then you can deposit 2k In a Tradovate and try to capture 10/nq points a day. 92 cents round per contract. I know TD has higher commissions etc but Im curious to know if there are brokers offering lower commissions than mentioned above. Micros commissions . Someone mentioned tradovate for its commissions. 52cnt difference over a free account on tradovate (on micro's) Which is not even a big difference although I know it would add up over time. You can use tradovate with sierra also. Benefit of having FCM doesn't really outweigh the commissions if you trade a lot. Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. Tradovate's commission-free futures trading platform provides a flat-rate trading alternative with no additional fees for mobile or tablet applications. What data feed do any of you use for Tradovate? I trade equity options in a thinkorswim account so I'm not looking for data to follow the market on Tradovate, I have what I need on TOS. Get the Reddit app Scan this QR code to download the app now. i use tradovate & tos. You drawdown will be limited but the math is the same. 20 and micros' to $0. However, Tradovate Anyone want an opportunity? Could I user API access the Simulation env by a Simulation account? AMP commissions/fees are cheaper than Tradovate. Learn More. It offers advanced charting tools for analyzing market trends effectively. I needed $550 on Tradovate. Tradovate and other brokers offer reduced margins. Also the UI is kind of Is there a better rate out there? 1. Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars; Get the Reddit app Scan this QR code to download If you are just looking to execute trades on tradingview, then tradovate has built in integration with tradingview purchasable on the tradovate platform in the add-ons tab in the settings menu. Customer service is there. Lower commissions and no monthly connection fee. The AMP API with TV sets them automatically. Hi I have some prior experience losing money on the markets, and recently started with Tradovate. They are trying to Well I love scalping $5-$20 profit per trade to earn $500-$1000 as longer trades tends to lead to losses. 43 for a round trip trade in MES,MNQ, MCL, MGC. Also Get the Reddit app Scan this QR code to download the app now. Called Tradovate, they said it's because I got approved by Ninjatrader yesterday :D. I read through a ton of reddit threads on it and I ended up going with Optimus Futures because they have low fees, an awesome trading platform Optimus Flow Or Tradovate but I think their commissions are a tidge higher. If you trade through a prop firm, I'd love to hear More importantly however, the behavior of reddit leadership in implementing these changes has been reprehensible. Menu. Not sure where to find information regarding options commissions and BPR. They have a free platform but I'll probably use Trading View. They are trying to make their systems better, it’s just that, supposedly, the top IT talent they had left once Tradovate was completely bought out by NT. Tradovate, LLC does not Correct, MES commissions are . You can always apply for 25% I've got the same sort of thing going on ToS papertrades as well. But take a look at those commissions, if your scalping, Go to Tradovate r/Tradovate • by thoreldan. My only problem with them is that they take to long to update your position if you were assigned. Use ToS charts. Imagine 20k traders and you make 20 bucks a day each off there commissions it adds up. I haven’t used IB for futures before, but their reputation for data is pretty bad. Share Add a Comment Futures traders looking for a comprehensive, customizable trading platform might consider Tradovate. I also use thinkorswim. You drawdown will be limited but With the current exchange rate it's about 3. com, a trading forum run by professional traders. If you are trying to trade on TradingView, you need a Tradovate account with apex, not Rithmic. 66 per side per contract for the free membership. I used the demo for about a week before opening up a live account. I found that I save up to 20% on AMP vs Tradovate. Right Im aware of the tiers and data fees. Then everything is in the same place. So 1 tick covers the fees. Where can I see all the fees/commissions/costs associated If your strategy does not work due to commissions, it does not work You are not entering properly or exiting properly, something is amiss. The commissions are way lower as are the day margin requirements. 99 / Standard $0. Reddit's home for tax geeks and taxpayers! News, discussion, policy, Hey! Sorry about another brokerage comparison post but I have been paper trading for about a month now on ninja trader and about a half a month on tradovate. 50 commission round trip when both QT and NT charge either monthly or lifetime and the I really like it so far. It probably won’t work. Tasty's micros are about 2. TopstepX™ is a trading platform built for traders, by traders, with features designed to help you succeed in your journey. 50 per trade roundtrip all added up. However, if you trade options, there's no other better platform than TT. reReddit: Top Plus, I have always traded on Tradovate and TradeDay supports it as a platform. wojg • $500 is plenty for 1-2 micro's. Mostly that you can't drag and drop limit orders and there's no system for scaling in/out of trades. The commissions are their best value - probably the lowest I have seen. I am surprised to see how high is the future trading commissions fee comparing to other Try Tradovate's top paid tier, which is $200/mo to get the lowest rates Welcome to the official CoinSpot subreddit, feel free to talk about all things crypto and CoinSpot. I now use Ninja and TradingView. They want you to use Ninja I guess. You can just request a reduction. Price moves to 3900. GFF day margin: $750/contract GFF commissions round trip: 4. Maybe some legal reason or to make accounting easier As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. The commissions are the highest in the industry. So I feel Tradovate is the best option for most people, I want to know commission on tradovate? Its says if you buy lifetime membership the commission is for MES is 0. one-time payment. NT does own Tradovate, but Tradovate and NT aren't the same thing. Have tried & used many other big & small brokers, Happy with these 2, for many years but always be open to explore any money saving options, but if savings not much cf to dependability etc, then stick to what works or have backup plans If your just aiming for 200$ per day. I'm really new to trading futures and currently have a $500 live account in tradovate. Get app Get the Reddit app Log In Log in to Reddit. com site/company mentioned above?. As Desert_Trader mentioned, there are three costs: commissions, fees, and data. 09 is this real? For example if I buy 1 contract and sell it then the total commission is 0. shit execution and very high commissions. NT is better if you know to code or want highly customizable systems to manage trades & you do not let your system go inactive. Reply I am surprised to see how high is the future trading commissions fee comparing to other Try Tradovate's top paid tier, which is $200/mo to get the lowest rates Welcome to the official CoinSpot subreddit, feel free to talk about all things crypto and CoinSpot. I use TOS for options and stocks and Tradovate for futures. You can also find a competitors commissions to use for comparison. I'm used to stocks only. Each charge is on a per contract per side basis. our community is the best way to get help on Reddit Reduce your per trade commissions. It's a good platform but only slightly more user-friendly than Interactive Brokers, IMO. Kinda responsive, but very curt. They have tiers of memberships you can pay monthly as well if you want which makes the commissions even cheaper but you don’t have to. 1M subscribers in the Daytrading community. I used the time Tradovate was down to submit an application. Have tried & used many other big & small brokers, Happy with these 2, for many years but always be open to explore any money saving options, but if savings not much cf to dependability etc, then stick to what works or have backup plans All the fees on micros on Tradovate can fit comfortably under $2 per MNQ Or MES contract for example. And it isn't uncommon for them to remove or increase their day trading margin in periods of volatility, which is the case now. Background, I am a user of Tradovate. But you can also connect to TradingView for $10/month. I use Ninjatrader, which has low commissions, if you pay for the software, which is pricey. This is what they provide me. The deal buster for me is the secret fees and commissions charged by Tradovate and NT. If you are looking for the entire order process to be automated then you either need to use tradingview's pine script editor to make a strategy, in combination with tradovate integration to tradingview. A place to discuss and share your addressable LED pixel creations, ask for help, get updates, etc. Also would this work with prop firms? Go to Tradovate r/Tradovate. Please see here for details Fees vs Commissions breakdown from Ninja: https: Tradovate glitched and lost me $70,000 but they are reimbursing me that’s the only reason lol Reply reply More replies. Thanks! But TradeStation margins and commissions are higher. I would go lower than what I actually want to pay and let them counter offer with something I'm happy with. It's as if Tradovate has not investing in the connection and then charges $10 more than AMP to access this lame interface. Can't really find much info about this. I'll go ahead and deal with the higher commissions and not having to worry about a data plan. For example a user may have 20 personal accounts and would like all 20 accounts to make the exact same entries and exits. Dom trading is mostly for slower markets. tried everything out there. Switch to Tradovate. Expand user menu Open settings menu. 56 * 2. 36 (listed above) to $1. And I know that sounds crazy and this might get downvoted it's just the fact that margins are TOO low for tradovate and I feel like 100% of new future traders will see the low margins on tradovate and ninjatrader and go crazy. Perhaps I am wrong, but your post is reading like you are trying to keep your existing strategy amd come up with some work around to beat commissions and the market in general. Daytrading futures, forex, stocks, etc. 87 all in rate (thats 1 side of a trade if im correct) so it should be 0. Tradovate is awesome and its free. I don't know why anyone would use Tradovate over it. can be super annoying to some people. dont go near tradovate anymore as ninja bought them out and they are now having issues. AMP offers heaps of different software, some free and some paid, Quantower is my favourite so far, i also use ninja trader but that does my head in. Get app Get the Reddit app Log First, if you want to save on commissions trade with a brokerage that doesn't charge commissions - like Robinhood. So I am assuming that is how they make there money. Please read the sidebar rules and be sure to search for your question before posting. You're way green. If you connect the 2 then the data feed that you pay for on tradovate can be used on tradingview. Customer support gets a 6/10 Funny you should ask. Back then it Each trade costs $4. I mean you shouldn't go broke in the 30 seconds it takes to get it all booted back up. To do it go to tradovate settings, "add ons" and look for the tradingview option. Slightly cheaper commission than TradeStation. $1,499. I see on Tradovate website the margin requirements; As I understand, If i have $500 in the account, I can buy 1 contract of If you do NOT buy the lifetime license, you have to pay much higher commissions (free or lease platform), absolutely ridiculous and this adds up Even WITH the lifetime license, commissions Tradovate has pretty good commission structure, you can do "Active trader" or "Commission free" membership either monthly or yearly. They used to aggregate their data (unusable in scalping), and they still have API limits for third party platforms, and their fees and margins are shit. Aside from that Tradovate has been good to meim only trading single MES/MNQ contracts though I'm not sure how much capital you have but that's playing with fire for a new trader and the commissions will be 36 or more on that 1. Independent charting platforms: Sierra and Jigsaw sort of sit in their own camp. Tradovate is $7 round trip on ES if you're not a paid premium. yzl scv ekmtdh jtprp radfg rmcsr skej yhamvu ohromqqs kqha