Item: Tradovate
Rating: 1.67

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tradovate.com

104.197.34.122

Server Location

United States

ICP registration

--

Most visited countries/areas

--

Domain Effective Date

2014-05-28

Website

WHOIS.NETWORKSOLUTIONS.COM

Company

NETWORK SOLUTIONS, LLC.

Genealogy

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Relevant Enterprises

TRADOVATE, LLC(Delaware (United States))

Active

United States

Registration No.

5549485

Established

2024-11-20

TRADOVATE TECHNOLOGIES, LLC(Delaware (United States))

Active

United States

Registration No.

5549483

Established

2024-11-20

TRADOVATE HOLDINGS, LLC(Delaware (United States))

Active

United States

Registration No.

5549481

Established

2018-11-10

Employees

THE CORPORATION TRUST COMPANY

Agent

Address

CORPORATION TRUST CENTER 1209 ORANGE ST, WILMINGTON, New Castle, DE, 19801

TRADOVATE, LLC(Delaware (United States))

THE CORPORATION TRUST COMPANY

Agent

Address

CORPORATION TRUST CENTER 1209 ORANGE ST, WILMINGTON, New Castle, DE, 19801

TRADOVATE TECHNOLOGIES, LLC(Delaware (United States))

Disclosure

Danger

Bappebti Blocks 760 Website Domains, Reminds of the Risk of Transactions in Unlicensed PBK Entities

Country/Region

ID BAPPEBTI

Disclosure time

2022-09-20

Disclose broker

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News

Exposure Top Reasons Why You Should Not Partner with Tradovate for Forex Trading

Struggling with an unoptimized platform of Tradovate? Dealing with slow-paced deposits and withdrawals? Have you been asked to pay a fee for market data access? Do you face copytrading struggles at Tradovate? You have chosen the wrong forex broker. Many have claimed foul play by Tradovate on several broker review platforms. In this article, we have highlighted the issues traders face with this broker.

2025-08-28 20:05

News WIKIFX REPORT: D.A. Davidson Advises NinjaTrader on Its Acquisition of Tradovate

Transaction highlights D.A. Davidson’s deep expertise across the capital markets technology ecosystem

2022-06-29 15:49

News Everything you need to know about Forex Trading in South Africa

The foreign currency market is the world's largest financial market, with daily trading volume exceeding 85 trillion ZAR.South Africa's daily forex trading volume is projected to be approximately 271 million ZAR, and the South African rand is among the top 20 most traded currencies, with an annual trading volume over 1 trillion ZAR.

2022-05-06 15:55

News WikiFX Review: Tradovate, A Broker That You Need to be Aware of

What does Tradovate look like? Can you withdraw money from Tradovate? Is Tradovate legal in your country? Those are important questions that many traders are eager to know the answer to. WikiFX made a comprehension review on this broker to help you better understand the truth, we will analyse the reliability of this broker from specific information, regulation, exposure, etc. And you should never miss it.

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News STRUCTURE OF THE FOREX MARKET

The Forex market is a textbook example of a perfect market built by humans. A market is defined as any location where buyers and sellers come together. When there are numerous buyers and sellers, and they are all aware of who has the best prices, perfect competition is accomplished. Consider ordering your favorite pizza for the greatest price and having it delivered in less than a second. That is what the forex trading market is capable of, despite the fact that it solely deals with currency exchange.

2022-05-02 12:00

News WikiFX report: D.A. Davidson Advises NinjaTrader on Its Acquisition of Tradovate

Transaction highlights D.A. Davidson’s deep expertise across the capital markets technology ecosystem

2022-04-27 16:17

Wiki Q&A

Tom Nalichowski

Within 1 year

Is there a free demo account available with Tradovate, and if so, are there any restrictions such as a time limit?

WikiFX Reply

In my experience researching Tradovate, I found that they do offer demo accounts, which can be a helpful way for traders to get familiar with the platform and test strategies before committing real capital. Personally, I always look for brokers that provide unrestricted demo access because it allows me to evaluate the trading environment more deeply. Tradovate advertises that it offers demo accounts alongside its free, monthly, and lifetime account options, and I was able to set one up without providing a deposit or facing immediate time limitations. However, while a free demo provides initial access, there’s limited public information on whether these demo accounts remain open indefinitely or if there are hidden restrictions or timeouts applied after a trial period. As a cautious trader, I am wary of the lack of clear, detailed info about demo account terms and potential time limits. Given this uncertainty and the platform’s overall risk profile—including the presence of a suspicious regulatory license and several negative user reports—I'm hesitant to rely on Tradovate for ongoing demo use or serious trading. In my view, if you’re interested in their demo account, monitor closely for any unexpected limitations, and avoid investing real funds until you are fully comfortable with their practices.

Which deposit and withdrawal payment options are available through Tradovate, such as credit cards, PayPal, Skrill, or cryptocurrencies?

WikiFX Reply

As someone who has spent years navigating forex and futures brokers, I always begin my evaluation with funding and withdrawal mechanisms, since they directly impact my trading access and capital safety. At Tradovate, the available payment options for deposits and withdrawals include debit cards, ACH, and wire transfers. Notably, the broker does not mention support for credit cards, PayPal, Skrill, or any form of cryptocurrency. This omission is significant because, in my experience, a broader range of payment methods generally increases both convenience and adaptability, especially for international traders or those who frequently move funds. What particularly concerns me here is Tradovate’s lack of transparency about key details: there is no clear information available about deposit and withdrawal processing times or about any associated fees. For me, this absence introduces uncertainty, as knowing precise processing speeds and costs is essential in managing both risk and liquidity in active trading. Furthermore, multiple user reports highlight issues surrounding fund withdrawals, including difficulties accessing funds and unexplained charges on currency conversion. These reports only reinforce my view that, while the basic funding methods are technically standard, considerable caution is warranted regarding actual accessibility and service reliability. And given the broker's current suspicious regulatory standing, I would advise approaching any deposit or withdrawal operation here with extra care.

Which trading platforms are available through Tradovate? Does the service support MT4, MT5, or cTrader?

WikiFX Reply

Based on my direct experience and careful review, Tradovate only offers its proprietary trading platform, which is available for both desktop and mobile devices. For me, the lack of support for industry-standard platforms like MT4, MT5, or cTrader was a significant limitation. As an independent trader, I value the flexibility and established reliability that MT4 and MT5 provide, given their extensive tools, automated trading capabilities, and community support. With Tradovate, I noticed the platform is tailored specifically for futures and options trading, but it does not extend to forex or other assets, nor does it allow the use of MT4 or MT5. This proprietary approach might work for some who are purely focused on futures, but for me, it raises concerns. Relying on a single, broker-specific platform means less flexibility to migrate strategies or tools between brokers and no access to the rich ecosystem MT4 or MT5 provide. Furthermore, robust third-party platforms often mean higher transparency and more options for technical analysis, which, from my perspective, directly impact the quality of trading decisions—especially in a YMYL context where financial risk is involved. Consequently, if your trading requires MT4, MT5, or cTrader, Tradovate would not meet those needs. For my style and risk management, this is a considerable disadvantage.

How much do you need to deposit at a minimum to set up a live trading account with Tradovate?

WikiFX Reply

In my experience with Tradovate, setting up a live trading account does not require any minimum deposit. This flexibility might initially seem attractive, especially for those cautious about risking significant capital upfront. However, I approach this with a healthy dose of caution and skepticism, given the broader context. While having no minimum barrier can make access easier, I've learned to look past the surface and examine the broker’s regulatory standing and fund safety first. In this case, Tradovate currently operates under a suspicious clone NFA license according to public records and multiple user complaints regarding withdrawals and service quality. The lack of transparent information on deposit and withdrawal processes is another factor that makes me hesitant. From a risk management perspective, even with no minimum required, I would not commit substantial funds without clarity about both regulatory protections and withdrawal procedures. The possibility of messy or unexpected fees as reported by some users also influences my approach. For anyone considering Tradovate, I strongly advise thorough due diligence, not just on minimum deposit terms but also the broker’s trustworthiness and history of handling client funds, before taking any steps toward funding an account.

User Reviews 4

All (4) Positive (1) Neutral (1) Exposure (2)

I tried to withdraw my funds twice and they wouldn't let me do it without reason. They even charged me for the conversion from dollars to euros but they did not withdraw anything. The support service is terrible and does not solve anything. It is not terrible service, it is a scam right away.

Argentina

Do not invest in Tradovate

Do not invest money in this platform. In my case, it was stolen with $ 1000 that I sent and they sent me some images of the operations, causing me lost my money and everything.

Mexico

I have used this broker for a while just like 30 minutes ago, their site went blank for some reasons. My trade got closed and my account balance became zero!

Australia

All kinds of messy fees are too much, the transaction cost is too high, the money is almost deducted, and there is no money at all. I was really blind at the beginning, I believed their nonsense and put the money with them, which caused me to lose so much money.

2022-12-15

Taiwan

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Exposure

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Tradovate Review Summary
Founded	2014
Registered Country/Region	United States
Regulation	NFA (Suspicious Clone)
Trading Products	Futures, options
Demo Account	✅
Leverage	/
Spread	/
Trading Platform	Tradovate platform
Minimum Deposit	$0
Customer Support	24/5 support, live chat, contact form
	Tel: +1 (844) 283-3100; +1 (312) 283-3100
	Email: support@tradovate.com
	Facebook, X, YouTube, LinkedIn, Twitter

Pros	Cons
Demo accounts offered	Suspicious clone NFA license
Various contact channels	Limited trading products
Live chat support	Commission fees charged
No minimum deposit	Lack of deposit and withdrawal details

Regulator	Current Status	Regulated Country	Regulated Entity	License Type	License No.
National Futures Association (NFA)	Suspicious Clone	United States	Tradovate Holdings, LLC	Common Financial Service License	0485810

Tradable Instruments	Supported
Futures	✔
Options	✔
Forex	❌
Commodities	❌
Indices	❌
Stocks	❌
Cryptos	❌
Bonds	❌
ETFs	❌

Account Type	Micro Commission	Standard Commission	Monthly Fees
Free	$0.35	$1.29	$0
Monthly	$0.25	$0.99	$99 per month
Lifetime	$0.09	$0.59	$1,499 one-time payment or 4 installments of $499

Trading Platform	Supported	Available Devices
Tradovate	✔	Desktop, mobile

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Wiki Q&A

Is there a free demo account available with Tradovate, and if so, are there any restrictions such as a time limit?

Which deposit and withdrawal payment options are available through Tradovate, such as credit cards, PayPal, Skrill, or cryptocurrencies?

Which trading platforms are available through Tradovate? Does the service support MT4, MT5, or cTrader?

How much do you need to deposit at a minimum to set up a live trading account with Tradovate?

User Reviews 4

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