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Trading futures with Tradovate "no commissions" broker?
Started:May 15th, 2016 (02:58 PM) by jmboss Views / Replies:9,136 / 47
Last Reply:October 21st, 2016 (07:58 PM) Attachments:0

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Trading futures with Tradovate "no commissions" broker?

Old September 23rd, 2016, 05:01 PM   #31 (permalink)
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Old September 23rd, 2016, 06:16 PM   #32 (permalink)
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What did everyone think of the webinar?

Mike

Intrigued by the product, turned off by the presentation (he shows how it is NOT done, reading off the slides in a boring, monotone voice). Also, the presentation could have been deeper. He just brushed the surface, merely stating info from their website.

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Old September 23rd, 2016, 11:33 PM   #33 (permalink)
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The presentation could be much better, the idea is interesting but I think they had better pin the tail on the donkey? Its just going to annoy many people pondering if they could maybe be of interest to them. Personally I see it as one of those times when failing to give worked for instance examples is detrimental.

So you need to pay $99 for 1 CME exchange and $139 for 4 exchanges.
$39 has only 1 month of sim + data is extra? Even pros need to switch to sim regularly to try things out so I don't see this as viable.
Plus a usable scalping platform, say Jigsaw at the moment which is not free I believe?

Well the break even varies but.. it seems to suit non-serious beginners who lack consistently (or basic math to work out the BE) and moderately high volume scalpers that already use Jigsaw?.

Sometimes if you can't say anything nice..you should not speak..

Am I missing something big that makes it otherwise compelling? It would be interesting to have my mind changed as I'm always looking for things to facilitate Latin American traders who don't have as deep pockets.


Last edited by Rory; September 24th, 2016 at 01:35 AM. Reason: typo
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Old September 24th, 2016, 01:05 AM   #34 (permalink)
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Sounded like a powerpoint script read by someone who isn't a trader targeted at people who aren't real traders or just rank newbies.

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Old September 28th, 2016, 12:39 PM   #35 (permalink)
 Vendor: www.tradovate.com 
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Rory View Post
So you need to pay $99 for 1 CME exchange and $139 for 4 exchanges.
$39 has only 1 month of sim + data is extra? Even pros need to switch to sim regularly to try things out so I don't see this as viable.
Plus a usable scalping platform, say Jigsaw at the moment which is not free I believe?

Thank you for the suggestions on how to improve the presentation and we will certainly consider those when creating presentations for future webinars.

To clarify on the market data, Tradovate covers the real-time market data cost for non-professionals in the annual option of our Active (1 CME Group exchange of your choice) and Advanced (all 4 CME Group exchanges). You can access all of the exchanges we offer (CME, CBOT, NYMEX, COMEX, Eurex, ICE US, and ICE Europe) and would simply pay the associated market data fees to any extra exchanges for which Tradovate did not cover the cost.

Many futures brokers don't cover any of the market data costs for their customers and we have heard this as a pain point for traders who don't want to pay extra for market data, so we wanted to offer something that helps in this area while giving customers the flexibility to choose what option works best for them.

The cost for Jigsaw and the other third party add-ons (Bookmap xRay and OFA) are not included in Tradovate's membership plan and you would simply pay those third parties to access their tools the same way you would for any other platform to which they connect. One thing to note is that Bookmap on Tradovate is a priced at $99 per month, which is lower than their standard price and currently exclusive to Tradovate.

If you are looking for a free scalping tool, take a look at our DOM. It is a great tool for trading in the order limit book and offers one-click trading, OCO bracket orders, volume histogram, link to quotes and we will be adding sweep limit orders shortly. You can test drive this in a risk-free simulated environment free for 14 days by registering here: www.tradovate.com/futures-io.

If you have any other questions or need any additional information on what Tradovate has to offer, please let us know. Thanks!

Customer Support Team | Tradovate, LLC
d: 312.283.3100 e: support@tradovate.com w: tradovate.com

Futures and options trading involves substantial risk of loss and is not suitable for all investors.
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Old September 28th, 2016, 12:55 PM   #36 (permalink)
 Vendor: www.tradovate.com 
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mpxtreme View Post
Sounded like a powerpoint script read by someone who isn't a trader targeted at people who aren't real traders or just rank newbies.

We have a blend of customers, ranging from traders coming to futures from other asset classes like stocks, ETFs, and FX to professional futures traders who are trading a significant amount of contracts.

For newer traders, Tradovate's membership plans starting at $39 per month allow them to start trading with a commitment lower than the platform cost alone at some brokers while potentially saving even more when they start trading more with our commission-free trading.

Active traders can see even more benefit, since you can save more as you trade more. For example, one of our customers posted in a forum that they are saving approximately $1,000 per month in commissions over their next best option and that figure didn't even factor in other costs, like platform fees (they also commented on Tradovate's platform performance in last week's FOMC announcement).

We encourage you to try the platform out for yourself and you can take a free 14-day trial by registering here: www.tradovate.com/futures-io.

If you have any questions on what Tradovate can offer, please let us know. Thanks!

Customer Support Team | Tradovate, LLC
d: 312.283.3100 e: support@tradovate.com w: tradovate.com

Futures and options trading involves substantial risk of loss and is not suitable for all investors.
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Old September 28th, 2016, 10:56 PM   #37 (permalink)
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Hi @Tradovate may I confirm a detail on the pricing?

I assume so but the $99/$139 a month pricing will work out as:

$99 monthly or $139 monthly *12 so $1188 or $1668 as an upfront charge?

Thanks again,
Rory


Last edited by Rory; September 28th, 2016 at 11:33 PM.
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Old September 29th, 2016, 10:07 AM   #38 (permalink)
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Rory View Post
Hi @Tradovate may I confirm a detail on the pricing?

I assume so but the $99/$139 a month pricing will work out as:

$99 monthly or $139 monthly *12 so $1188 or $1668 as an upfront charge?

Thanks again,
Rory

I believe that is correct.

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Old September 29th, 2016, 04:00 PM   #39 (permalink)
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Laconic View Post
I believe that is correct.

Seems so but if @Tradovate could confirm is the payment is staged or lump sum?

Otherwise describing it as costing $x a month is nonsensical.

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Old September 30th, 2016, 06:59 PM   #40 (permalink)
 Vendor: www.tradovate.com 
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Favorite Futures: Indices, financials, energies, metals, grains, softs, and meats
 
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Rory View Post
Hi @Tradovate may I confirm a detail on the pricing?

I assume so but the $99/$139 a month pricing will work out as:

$99 monthly or $139 monthly *12 so $1188 or $1668 as an upfront charge?

Thanks again,
Rory

Yes, this is correct for the annual subscription term. We also offer a quarterly option for customers who would like to choose a shorter time commitment and you can upgrade your membership plan or subscription term at any time, so there is a lot of flexibility on where you can get started with Tradovate.

One other thing to note is that Tradovate covers the real-time market data cost for non-professionals in the annual option of our Active and Advanced membership plans (1 CME Group exchange of your choice in Active or all 4 of the CME Group exchanges in Advanced), so there is definitely extra value if you trade these products and don't want to pay extra for market data. We heard this as a pain point for traders who don't like being charged extra for market data by other brokers and we wanted to offer this option as a way to help solve this problem for our customers.

Customer Support Team | Tradovate, LLC
d: 312.283.3100 e: support@tradovate.com w: tradovate.com

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

Last edited by Tradovate; September 30th, 2016 at 07:00 PM. Reason: Misspelled word
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