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Tradovate is a cloud-based platform, and commission-free trading is offered to active futures traders. Rick Tomsic founded the business in 2014, and in April, Tradovate announced its launch.

Tradovate offers three flat-rate membership plans offered by Tradovate instead of the standard industry commission structure, each of which includes unlimited monthly transactions.

Tradovate, LLC was registered by the NFA as an introductory broker in September 2015. But on January 12th, 2022, the trading software and brokerage service provider NinjaTrader acquired Tradovate for $115 million.

In the deal, Tradovate CEO Rick Tomsic joins the executive team of NinjaTrader as chief strategy officer and will serve on the board of directors.

Table of Contents

Tradovate download

For PC

To download Tradovate on your PC, simply log on or click here and download it.

For iOS

  • To download Tradovate on your web browser, navigate to their website. Select (“Sharing” from the drop-down menu (rectangle with an arrow pointing up)
  • Select the “Add to Home Screen” button on your phone’s home screen.
  • Add a shortcut by naming it and tapping the Add button (the icon can be dragged around to any location).
  • Use the link as an app from now on.

Android-based smartphones and tablets,

  • To download Tradovate on your system, first, go to in Chrome.
  • Navigate to the menu bar and select “Add to Home Screen.”
  • Add to your collection by pressing the Add button.
  • Drag and drop the icon to your home screen or select “Add automatically” to have it added automatically.
  • Use the link as if it were an app now.

Tradovate login

After registering on Tradovate and downloading the apps, you can then log in to your account on the app.

This is why when registering, you should ensure that you remember the details because it would be your gateway to log in.

Tradovate demo account

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Tradovate encourages its users to use a demo account to practice trading, and this is a great way to get a feel for trading without putting your money at risk. 

With a demo account, you can practice your trading skills, familiarize yourself with the platform, and get a taste of the fast-paced world of financial markets before putting your money at risk.

A demo account is an excellent place to start if you’re new to trading and want to familiarize yourself with the different types and timeframes available in the market as well as how news affects the value of your currency.

With a demo account, you don’t have to worry about losing real money because you’re playing with virtual money. The downside of demo accounts is that traders don’t have any emotional attachment to their demo funds.

Demo Trading’s Psychological Effects

In addition to the technical differences in order execution and price feeds, traders benefit psychologically from using demo accounts because they aren’t risking any real money. This makes it quite hard to observe emotions that are usually present when trading on real accounts.

Fear and greed are common emotions felt by traders on real accounts, which aren’t triggered by demo accounts. Overtrading is also something that demo traders often do. Overtrading on a demo account is risk-free, but it can be disastrous when done with real money.

There’s no emotional investment here. 

Demo traders don’t have to put any of their own money on the line because they are trading with fictitious funds. Imagine a trade that appears to be making money only to reverse and hit your stop-loss level.

A trader who uses a real account is more likely to aim for a profit or break even when closing a trade. Fear and hope that the market will turn in the trader’s favour could lead a real trader to take action. 

Successful trading necessitates mastery of one’s emotions. Traders using demo accounts are unable to replicate these feelings, so those using them make decisions that differ significantly from those made by those using real money. 

Many traders make money on a demo account, but lose it when they switch to a real one.

Not much of a repercussion — a

 demo account is a risk-free way to practice trading. 

As useful as this is for learning the basics of trading on financial markets, it can be a roadblock for traders with some experience who want to improve their abilities. As humans, we naturally consider the consequences of our actions. 

People become irresponsible and stop learning if there are no real consequences. This is what can happen when you trade for too long on a demo account. The lack of consequences can have a negative impact on your trading decisions.


This is a common blunder made by traders using practice accounts. Overtrading is when a trader takes on too much risk and trades positions that are far too large for their risk management strategy to accommodate.

Why should a trader adhere to strict risk management rules if there are no consequences in demo trading? Demo accounts, on the other hand, present a skewed picture of real trading because they carry no risk at all.

Demo Trading’s Advantages

The best way to begin trading is with a demo account, even though it has the drawbacks listed above.

Trading on a real trading account should never be the first step for a new trader. Even a seasoned trader can benefit from manually back-testing new trading strategies on demo accounts.

Making Your First Trades

A demo account’s most obvious benefit is that it helps new traders get started. The best way to learn the basics of trading on the stock market is to open a demo account and practice on a dummy account first. 

As a result, you can get a feel for market dynamics in a risk-free environment. Markets react in one of two ways when important levels of support or resistance are reached. 

Drawing Fibonacci numbers in an uptrend on a shorter-term chart can be seen in this way: In order to learn the fundamentals of trading.

Improve Your Trading Platform Knowledge

You can become more comfortable with your trading platform by using a demo account. Trades will be placed, modified, closed, and analyzed on a regular basis by traders using their trading platform.

You can familiarize yourself with the platform’s features before trading with real money by using a demo account if you’ve never traded before.

Order Types

A Basic Overview Orders in the foreign exchange market come in a variety of shapes and sizes. Pending orders, on the other hand, open a trade when certain conditions are met. 

Market orders, on the other hand, open a trade at the current market rate. Use a demo account to experiment with different order types, such as buy stops, sell stops, buy limits, sell limits, OCO, and trailing stops, to get a better understanding of how they work.

Backtesting a Trading Strategy

Back-testing a trading strategy on a demo account is a common practice for experienced traders. Using demo accounts is a great way to do so without putting your money at risk. If your broker uses MetaTrader, you have the option of using the platform’s built-in Strategy Tester or manually back-testing a trading strategy.

Tradovate fees

Tradovate is a proprietary trading technology and brokerage firm that combines a single offering, which is made available via membership plans that are free of commission. 

Its fees come in various packages that are very pocket-friendly, and this makes them stand out from the rest of the brokerage firms.

Also read: Top 20 Sites To Download Hacked Movie Apps

Your trading is powered by Tradovate’s modern, cloud-based platform that is accessible via desktop, web, and mobile. Multiple monitor trading is possible with the Tradovate software, which you can download on your personal computer, or on your mobile device while on the go.

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The Tradovate fees are:

1. Membership free access plan

This Tradovate fee does not require you to make any commitment, and it has no monthly fees attached to it.

The only time you would pay a commission on this plan is when you make a trade. And the commission varies based on the lot size taken.

For a standard lot size, you pay a commission of $0.79, for a micro lot size, you pay a commission of $0.25, for a small lot size, you pay a commission of $0.20, and then for a FairX lot size, you will not pay commission.

2. Active trader plan

This Tradovate fee is the best plan for you if you wish to have a plan that will not charge you a high commission for trading. 

The benefits of this plan are a reduced commission rate; fees of $99 per month, then a $0.19 commission on a standard and micro lot size, $0.15 on a small lot size, and $0 on a FairX lot size.

3. Commission-free membership

This is the third Tradovate fees plan and it comes with a commission-free registration. The price for this plan is $199 per year. 

The interesting part about this trade plan is that it does of charge you a commission for any of the allotted lot sizes.

Tradovate margins

Before discussing the Tradovate margins, let’s look at a good definition of margins. A futures position’s margin money is a deposit made to protect the position, while it is still open. 

Every brokerage firm has a margin requirement that must be met. Upon closing a futures position, the remaining margin money can be returned to the account holder following the completion of the trade settlement.

There are lower margins for both the day and night trading sessions at Tradovate.

As of right now, Tradovate offers reduced night margins from 6:00 PM EDT to 8:00 AM ET.

After 4:00 PM ET, if you have a position at the close of any market, initial margins will be required.

There are lower margins for both the day and night trading sessions at Tradovate.

  • During the hours of 8:00 a.m. to 4:00 p.m. ET, reduced day margins are currently available.
  • From 6:00 p.m. ET to 8:00 a.m. ET, reduced night margins are available.
  • From 4:00 p.m. ET to 5:00 p.m. ET, initial margins are required, as are positions held at the close of any market.

On the website, you’ll find a complete list of the day, night, and initial margin rates.

Tradovate minimum deposit

Tradovate account holders must have a minimum balance of $2000 to open an account. The most popular indices also have $500-per-day trading margins (S&P 500 E-minis, Nasdaq 100, Dow, and E-mini Russell 2000).

Tradovate support

The Tradovate team has done an outstanding job when it comes to customer service. The representatives of the platform are extremely responsive.

You can get to them via live chat, email, phone, and a forum.

If you have any issues, you can reach out to them at or 

If you would like to place a call through, then you can call 1 (844) 283-3100 or 1 (312) 283-3100.

Frequently Asked Questions About Tradovate


Is Tradovate advisable for a new trader?

No, Tradovate is better for active traders, and this is because of the technicalities involved in futures trading.

But not to be discouraged, you can practice with the demo account, until you become better at using a live account.

How long does it take to open a Tradovate account?

Depending on the account type, it takes 1-2 business days to open a Tradovate account. And if the need for other documents arises, Tradovate would message you to provide them as quickly as possible so as not to delay the account opening.

Final thoughts on Tradovate

Tradovate is a very good platform on which you can trade futures. With a mouth-watering 14-day trial, good customer support, and pocket-friendly commissions, you should not be on the sidelines of this.

Hurry up and start your journey to massive wealth by printing dollars daily on futures, with Tradovate.


Ochijeh Franklin is a prolific content writer/developer, a lover of humanity, a violinist, a counter tenor singer, a member of, a choreographer and a Biochemist.

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