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Trading futures with Tradovate "no commissions" broker?


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Trading futures with Tradovate "no commissions" broker?

  #91 (permalink)
Laconic
New York, New York, USA
 
Posts: 38 since Jun 2016
Thanks Given: 15
Thanks Received: 47

no issues at all

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  #92 (permalink)
Laconic
New York, New York, USA
 
Posts: 38 since Jun 2016
Thanks Given: 15
Thanks Received: 47

I have to say the Sierra Chart Engineering response is strange, although they obviously want you to buy their data.

A long time ago I used a broker that used Gain data, then I used TradeStation. When I first started with Tradovate, they did not offer a connection to SierraChart, so I used Sierra with IQFeed. Since Tradovate has offered the SierraChart conection, I have used that, and that data service has been the most reliable I have ever used, by a lot.

Of course, that's my experience only.

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  #93 (permalink)
Kalisto
Geneva, Switzerland
 
Posts: 64 since Dec 2015
Thanks Given: 74
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Thanks for the feedback (Here, they advise to use their TT order routing over CQG, not their data).

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  #94 (permalink)
Kalisto
Geneva, Switzerland
 
Posts: 64 since Dec 2015
Thanks Given: 74
Thanks Received: 25

Sierra continues to take steps away from CQG, following failure reports.
https://www.sierrachart.com/SupportBoard.php?ThreadID=46171
https://www.sierrachart.com/SupportBoard.php?ThreadID=46231

For those who achieve a stable reliable order routing at Tradovate w/ SC, are you using CQG FIX or CQG WebAPI ?

Notwithstanding the above mentioned, users should request SC to integrate directly with the Tradovate API to avoid unnecessary CQG connection fee and extra commissions per side

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  #95 (permalink)
 mojord 
Kansas City, MO
 
Experience: Intermediate
Platform: Tradovate
Trading: ES
Posts: 240 since Jan 2014
Thanks Given: 2,472
Thanks Received: 327

anyone have any recent experience or thoughts on tradovate?

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  #96 (permalink)
Laconic
New York, New York, USA
 
Posts: 38 since Jun 2016
Thanks Given: 15
Thanks Received: 47

I still use them and all of my earlier comments in this thread still apply. I am a happy customer.

Biggest drawback is the charting. They are adding capabilities, but slowly. Of course if you can program JavaScript you can do anything you want. But as a non programmer I use Sierra for charts. Tradovate allows you to use their CQG data feed in Sierra for $12/month.

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  #97 (permalink)
 133usd 
Portland, ME
 
Experience: Beginner
Platform: Jigsaw, TOS, Firetip
Trading: YM, MYM, stocks, options
Posts: 51 since Feb 2020
Thanks Given: 17
Thanks Received: 85


mojord View Post
anyone have any recent experience or thoughts on tradovate?


I can give you my thoughts and experience about Tradovate! Nothing but positive things to say!!!

I've been with Tradovate since March 2020. Prior to that, I was a long time ThinkorSwim (TOS) user. I still like and use TOS charting (desktop application). I had to leave TOS due to the rediculous commission on futures (both MICROS and MINI). With Micros, I was paying a crazy$3.50 per round trip or so. So I felt "forced" into trading mini size, which was the wrong reason to be trading mini contracts. I called TOS and they barely budged lower on commissions and I had a pretty good sized account, so they really LOST bad on my business!

I moved over to my new home Tradovate, continued to trade as I did before. I was seeing green and able to stay ahead of commissions, so I did the unlimited commissions plan, cost like $2399 for 12 months. I didn't have daytrade margins with thinkorswim... Combined with low commission? I'm smashing it right now. Traded almost 30,000 contracts from march to now. I am in profit for the year. Kinda fricken sweet for me. Might sound like a train wreck to others lol.

So when people say, just trade better and don't worry about commissions.... NO, you NEED to worry about every F*king penny! That's YOUR money that YOU should keep!


Tradovate is an IB for Doorman. Zero problems moving money in and out. Customer service is AWESOME. Only pain in the A$$ is that you need to use a wire to move more than $3k in a lump sum. Up to 3k can be ACH.
You'll pay the $7 for data or whatever it costs, and for Depth and Top of Book etc. Each exchange will cost you for data, CBOT, CME, COMEX, EUREX, blah blah.

Tech wise: I'm not into their charts. But execution is quite fast VS TOS. With TOS, I was getting left in the dust at the open, and my MARKET orders wouldn't even fill! It still can happen with any broker, but a lot less with Tradovate.
If I wanted more speed, I would figure out how to co-locate, but as of right now that's not my big burning issue.

icing on the cake: datafeed connects to Jigsaw, so you'll be covered if you want to read trade flow/orderflow!
Thank god for Tradovate. Not sure how I could ever get by. I hated ever other platform I tested out there.
I even tried another broker with a platform called "Firetip"....lol, it was so confusing I lost money because I didn't realize I had open orders on the books! With Tradovate, that never happens to me. I know I'm closed out each and every day.

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  #98 (permalink)
Psiphon
Cleveland, OH
 
Posts: 1 since Aug 2017
Thanks Given: 0
Thanks Received: 1

I am newer to the platform but have been using it for (I think its like a sister company or something) that uses them for their trading test.

Its a night and day difference between ToS and Tradovate. Even though ToS felt a little more mature, the platform, data, and order execution felt slow, and the fee's from TD Ameritrade were horrific.

Margin and fees are far more reasonable, with a snappy platform, that's a win win to me. (I use their desktop download as it feels like its even more responsive, and it does a good job remembering/recalling your workspace + multi monitor support)

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  #99 (permalink)
 stumbras 
Denver, Colorado
 
Experience: Beginner
Platform: Trdstation Trgview Motiwa
Broker: EdgeClear, Tradestation
Trading: Futures and Forex
Posts: 42 since Apr 2021
Thanks Given: 9
Thanks Received: 20


133usd View Post
I can give you my thoughts and experience about Tradovate! Nothing but positive things to say!!!

I've been with Tradovate since March 2020. Prior to that, I was a long time ThinkorSwim (TOS) user. I still like and use TOS charting (desktop application). I had to leave TOS due to the rediculous commission on futures (both MICROS and MINI). With Micros, I was paying a crazy$3.50 per round trip or so. So I felt "forced" into trading mini size, which was the wrong reason to be trading mini contracts. I called TOS and they barely budged lower on commissions and I had a pretty good sized account, so they really LOST bad on my business!

I moved over to my new home Tradovate, continued to trade as I did before. I was seeing green and able to stay ahead of commissions, so I did the unlimited commissions plan, cost like $2399 for 12 months. I didn't have daytrade margins with thinkorswim... Combined with low commission? I'm smashing it right now. Traded almost 30,000 contracts from march to now. I am in profit for the year. Kinda fricken sweet for me. Might sound like a train wreck to others lol.

So when people say, just trade better and don't worry about commissions.... NO, you NEED to worry about every F*king penny! That's YOUR money that YOU should keep!


Tradovate is an IB for Doorman. Zero problems moving money in and out. Customer service is AWESOME. Only pain in the A$$ is that you need to use a wire to move more than $3k in a lump sum. Up to 3k can be ACH.
You'll pay the $7 for data or whatever it costs, and for Depth and Top of Book etc. Each exchange will cost you for data, CBOT, CME, COMEX, EUREX, blah blah.

Tech wise: I'm not into their charts. But execution is quite fast VS TOS. With TOS, I was getting left in the dust at the open, and my MARKET orders wouldn't even fill! It still can happen with any broker, but a lot less with Tradovate.
If I wanted more speed, I would figure out how to co-locate, but as of right now that's not my big burning issue.

icing on the cake: datafeed connects to Jigsaw, so you'll be covered if you want to read trade flow/orderflow!
Thank god for Tradovate. Not sure how I could ever get by. I hated ever other platform I tested out there.
I even tried another broker with a platform called "Firetip"....lol, it was so confusing I lost money because I didn't realize I had open orders on the books! With Tradovate, that never happens to me. I know I'm closed out each and every day.

Thanks,
do you scalp on Tradovate? How do you feel about Market orders execusion on Tradovate? It appeared to me that market orders were always several ticks off and that was a reason i switched to Tradestation.

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Last Updated on May 3, 2021


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