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Trading futures with Tradovate "no commissions" broker?
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Trading futures with Tradovate "no commissions" broker?

  #71 (permalink)
Elite Member
San Diego, Miami & On the lake (Summer)
Trading Experience: Advanced
Platform: Ninja, Sierra
Broker/Data: CQG, TT
Favorite Futures: indices/currencies
Posts: 420 since Oct 2009
Thanks: 211 given, 706 received

TraderEX View Post
I started with GO Futures(.99 per side) and then Generic Futures(.59 per side) Both through Ironbeam. I subscribe to the notion that if you have nothing good to say you do not offer it out of the blue.

So, about tradovate.

I found them when I was looking to find a more suitable home for my scalping. To me, when the service is 100%, free platform and club pricing, I had to try it. I am still with them 2 years later.

Free platform- I had to pay $49.95 a month with the first guys. With Tradovate it's free and that means I'm $50 ahead from the start.

Customer service- First guys, none. When I called I was at risk for up selling. was offered 500 day rates for the ES with a $35 per side commission rate. I was also called every two weeks or so by someone different under the guise that they were seeing if all was well. say one thing is not good and they will sell you whatever you need to make things better.
Tradovate offers 500 day rates to all, upfront and in the advertisement. Andrew Sevin (7) uns the show for customer service and is flawless to date. I do not call very much as I have no problems with the things promised. I called in the past when I didn't know how to retrieve some functions. If I had read the help button I would have never called(chat box not a call). took me time from PTSD that the first guys dumped on me. While trading under Tradovate at the beginning, if the phone rang I hid under the covers and then unplugged the phone. someone knocked on the door, I ran to the basement...

About Club Pricing-You are a member, not a client. Three current plans to choose from. No plan- $0.79 per side. Intermediate plan- $99.00 flat and $0.19 per side. unlimited round turns- $199.00. These are prepaid by the month and a discount is available by the year.

Break-even analysis($199.00)- no plan $199.00/(0.79 x 2)= 126 roughly intermediate plan $199.00/$99.00 +$0.19 per side) roughly 270

Conclusion. As a member there you get top customer service from 7 and his crew. You get a free platform to use. And the ability to grow within the club as you mature.
If you trade,
125 contracts or less per month then 0.79 per side is your best deal
between 125 and 270 contracts then intermediate is for you
All others start saving from the 270 plus mark. you save whatever someone else would charge you.

For me, unlimited is the boss and I just figure in 50 a week or 10 a day if I trade all 5 days. On days that I am slightly ahead, say 100 or so, most of that comes from what I did not pay someone else. A very happy customer there.


Now that's a REVIEW! Bravo.

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