Tradestation vs. Tradovate – A Detailed Comparison
Discover our detailed comparison of Tradestation and Tradovate to help determine which is best for you. Whether you’re a seasoned trader or just starting out, choosing the right platform can significantly impact your trading experience.
To make your research easier, we manually found key data for Tradestation and Tradovate across the internet and compiled it all in this article.
- Low futures commissions
- Integrate with TradingView
- Advanced charting tools
Overview of Tradestation
Overview of Tradovate
Key Characteristics of Tradestation and Tradovate
Provider | Platform Type | Tradeable Assets | Charting Features | Data | Premium Pricing |
---|---|---|---|---|---|
Tradestation Learn More | Brokerage Platform | Stocks, ETFs, Mutual Funds, Options, Futures, Futures Options, Crypto, Forex | Downloadable and web trading platforms | Real-time data with funded account | No premium features |
Tradovate Get a Funded Account | Futures Brokerage Platform | Futures, Futures Options, Forex | Charting platform with subscription fee including volume and market profile | Real-time data with funded account | $99 per month or $1,499 lifetime for reduced commissions |
Trading Features and Tools
Provider | DRIP | Margin Trading | Insurance | Mobile App |
---|---|---|---|---|
Tradestation Learn More | No | Yes | SIPC Insured | Yes |
Tradovate Get a Funded Account | No equity | Yes | Not insured | Yes |
Trading Costs and Commissions Compared
Fee Type | Tradestation Learn More | Tradovate Get a Funded Account |
---|---|---|
Equity Commission | Free | No equity |
Option Commission | $0.60 per contract | No equity options |
Futures Commission | $1.50 per contract, $0.50 micro | $1.29 per contract, $0.35 micro |
Futures Options Commission | $1.50 per contract | Not specified, likely the same as regular futures |
Option Exercise Fee | $14.95 fee at expiration, early exercise is $1.50 per contract with $5,95 minimum | None |
Tradestation vs Tradovate – Bottom Line
Choosing between Tradestation and Tradovate depends on your specific trading needs, preferred trading tools, and the type of assets you’re interested in.
Both platforms offer distinct advantages, but by considering the detailed comparison above, you can select the one that aligns best with your trading strategy and goals.
For more detailed reviews and comparisons, continue exploring our other articles on brokerage platform comparisons.
What is the Overall Best Charting Software?
I have reviewed and used nearly every trading platform available, and I believe that TradingView is the best overall charting software available. Here are some reasons why:
- All of TradingView’s key features are free to use
- TradingView provides real-time data for free whenever possible
- You are not tied to a single broker and can use whichever you want while charting on TradingView
- You can track all markets on a single platform, including stocks, ETFs, crypto, forex, and futures.
- TradingView has an excellent economic calendar and various screeners
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- Advanced Charts
- Real-Time Data
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