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

  #81 (permalink)
Legendary Elite Member
Wiltshire, United Kingdom
 
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matthew28's Avatar
 
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Blaster666 View Post
Maybe Tradovate's platform is in fact Speedup Trader's platform?
.

It will be Tradovate's platform. Never heard of Speedup but if their platform looks like Tradovate it will just be a licensed version relabeled. In the same way the Topstep Trader version of Tradovate's platform is called TSTrader.
(It is common to license another platform rather than try to develop their own, and much more desirable for the broker's users to have a solid trading platform).

Trading, ideally structured, is a vehicle for expanding consciousness, not damaging it. - Brett Steenbarger
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  #82 (permalink)
Sarasota FL
 
Trading Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
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Blaster666 View Post
Well ... surfing on Internet I found some videos from a guy named Marcelo Arrambide (day trading academy) of which I think is a suspicious person ... I don't like his "academy" ...

Well ... this guy founded a company named Speedup Trader ... in short it is a platform to trade futures (without NFA regulation) ...

This platform is the same as Tradovate's platform ... when logging in https://speedup.tradovate.com/ with my demo credentials from trader.tradovate.com ... then I can get demo from speedup trader

Maybe Tradovate's platform is in fact Speedup Trader's platform?

As for what I know, Topstep Trader neither has NFA regulation ...

My interest is a broker with a regulated, legit, reliable platform ...

Please tell me if I am wrong with some of these paragraphs above. Thx.

I agree with @matthew28 on the Tradovate platform question. Tradovate offers a version of its platform for Topstep, and apparently for Speedup also.

I do not really understand the NFA regulation question. All trading in the US futures markets is regulated by the Commodity Futures Trading Commission (CFTC), a government body, and all brokers are required to be members of the National Futures Association, an industry self-regulatory association. It is not possible to trade futures in a US exchange without using a broker that is subject to these organizations. https://en.wikipedia.org/wiki/National_Futures_Association

Topstep Trader is not a broker. It is a trading firm which makes trades through brokers. If you get a funded account with them, it is an account with a broker that is subject to normal regulation, and that is a member of NFA. Topstep does not, and cannot, make trades any other way. I do not know anything about Speedup Trader (never heard of them), but from a quick Google search it seems that it is in the same business as TST and the others (how many of these things are going to be created???) and any trading it does has to go through a regulated broker.

The subject of a "trading platform" has nothing to do with any regulation or regulatory organization. A "platform" is just a type of computer software that displays prices and lets the user enter trades, which are routed electronically through a regulated broker to the exchange to be executed. Many brokers offer their customers a large number of trading platforms they can use, and there are software companies that develop these platforms for use by different brokers. Some brokers, like Tradovate, have their own trading platform that they offer to their clients, and some trading firms offer that platform to their traders as a choice they can make. Topstep offers their traders a large number of platforms, including a version of Tradovate they call TSTrader... but you can use NinjaTrader, Sierra Chart, and about a dozen others if you like. If you use the TSTrader version of the Tradovate platform software with a Topstep account, your trades will go to the Tradovate brokerage company for execution. If you use a different platform, it will go to a different broker, depending on the arrangements made by Topstep. They execute through several different brokers.

It happens that the Tradovate brokerage firm has its own trading platform software, and it prefers you to use it. But I just checked, and they also support 7 other popular trading platforms (most brokers support several): https://www.tradovate.com/platform/third-party-platforms-at-tradovate/ . If you use any of these platforms with your Tradovate account, the trades will be routed through the data/trading network used by Tradovate to the exchange and will be shown in your Tradovate brokerage account.

So to sum up, the "trading platform" is just a software tool on your computer; it routes your trades via an electronic network to your broker, which is always a regulated brokerage firm, and then to the exchange, also a regulated organization, where the trades are executed with other traders and then the results are sent back to you and are shown on your computer by whichever trading platform you use. All futures trading in the US is regulated.

Sorry if this is too obvious or elementary, or if I didn't understand your question. I couldn't think of any other way to respond to the questions about a "regulated platform" except to go through how it actually works, since there is no such thing as a "regulated platform" -- only regulated brokerage firms, which are also separate from firms like Topstep or Speedup, but which must be used by these firms, as well as by any other persons or organizations making futures trades.

I hope this answered your questions.

Bob.


Last edited by bobwest; April 21st, 2019 at 08:23 AM.
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  #83 (permalink)
Buenos Aires Argentina
 
Trading Experience: None
Platform: Ninjatrader
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Thx

The fact that Tradovate is somehow related or associated to these suspicious companies makes me doubt

I've just sent mail to Tradovate to ask for this subject

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  #84 (permalink)
Buenos Aires Argentina
 
Trading Experience: None
Platform: Ninjatrader
Favorite Futures: E mini ES
 
Posts: 20 since Mar 2018
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matthew28 View Post
It will be Tradovate's platform. Never heard of Speedup but if their platform looks like Tradovate it will just be a licensed version relabeled. In the same way the Topstep Trader version of Tradovate's platform is called TSTrader.
(It is common to license another platform rather than try to develop their own, and much more desirable for the broker's users to have a solid trading platform).

Some minutes ago Tradovate answered a mail I had sent ... It answered that the platform is in fact property and creation of Tradovate

As you said, thx

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  #85 (permalink)
Buenos Aires Argentina
 
Trading Experience: None
Platform: Ninjatrader
Favorite Futures: E mini ES
 
Posts: 20 since Mar 2018
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I've just opened a Live account with Tradovate. But after practicing a while, I have a doubt.

Some days ago I opened a demo account with fake mail, personal data, etc just to practice.

Today I opened the live account with my actual mail and personal data.

The demo and live account are not related in any way.

But when I log in on demo account I see that when I configure it in some way .... later when I log in on live account, surprisingly I see that this one is configured the same way that the demo account ...

That's to say ... I can set up/configure the chart, DOM, etc from a different demo account to my live account, although they are no related.

I asked for this to Tradovate, but the answer was not concrete.

Is this a security bug of the platform?

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  #86 (permalink)
Market Wizard
Birmingham UK
 
Trading Experience: Intermediate
Platform: NinjaTrader
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Blaster666 View Post

But when I log in on demo account I see that when I configure it in some way .... later when I log in on live account, surprisingly I see that this one is configured the same way that the demo account ...

That's to say ... I can set up/configure the chart, DOM, etc from a different demo account to my live account, although they are no related.

I asked for this to Tradovate, but the answer was not concrete.

Is this a security bug of the platform?

Sounds like it's using cookies in the browser or some other local storage file related to your Windows login rather than the platform account login. Just a guess mind.

Travel Well
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  #87 (permalink)
Yakima WA
 
Trading Experience: Beginner
Platform: Tradovate, Tradingview
Favorite Futures: Crude CL
 
Posts: 28 since Mar 2019
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Curious what was their answer? Maybe related to your temporary internet files? Or ip address? Im not an IT guy so not sure.

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  #88 (permalink)
Buenos Aires Argentina
 
Trading Experience: None
Platform: Ninjatrader
Favorite Futures: E mini ES
 
Posts: 20 since Mar 2018
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ClearTrades View Post
Curious what was their answer? Maybe related to your temporary internet files? Or ip address? Im not an IT guy so not sure.

"That demo account is registered to a different name and email address. You have a different demo account linked to this email address. In either case, you can use the same workspace for both demo and live account. If you click the + in the top left corner of your current demo account, you can hover over your workspace name and export it and then in the same area when you are logged into your live account, you can import that workspace."

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  #89 (permalink)
Toulouse, France
 
Trading Experience: Advanced
Platform: SierraChart / TradingView
 
Posts: 46 since Dec 2015
Thanks: 57 given, 10 received

Are there some of you who managed to be granted lower intraday margins for the FDAX than half the overnigh margin ? Something close to the levels of what AMP and NinjaTrader offer ($2500) ?
Also interested to know about the FESX and FGBL, what type of custom intraday margin you got on special request. Because at the moment, I am told to open an account before doing such request from the online platform. Thank you
Maybe their decision is motivated by the risk experience of the trader based on history ?

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