Discover our detailed comparison of Tradovate and tastytrade 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 Tradovate and tastytrade across the internet and compiled it all in this article.
- Low futures commissions
- Integrate with TradingView
- Advanced charting tools
- Best for options trading
- Low derivative commissions
- Solid charting tools
Overview of Tradovate
Tradovate
- ✓ Low futures commissions
- ✓ Integrate with TradingView
- ✓ Advanced charting tools
Tradovate is a futures trading brokerage platform with competitive pricing and trading tools. You can buy commission plans to reduce your commission rates and trade micro contracts for less than a few hundred dollars. It also has decent charting tools with advanced indicators like the volume profile, but I would still prefer TradingView’s charting.
![Tradovate Image](https://www.financialtechwiz.com/wp-content/uploads/2024/08/tradeovateplatformimage.jpg)
Tradovate is Best For
Tradovate is best for those looking to trade futures with low commissions, especially if you trade enough to justify a monthly fee to lower your rates. However, Tradovate is primarily only for futures, so it is not for those looking to branch out into other assets like stocks and ETFs.
Overview of tastytrade
tastytrade
- ✓ Best for options trading
- ✓ Low derivative commissions
- ✓ Solid charting tools
tastytrade is a brokerage platform built for active traders, especially options traders. It was founded by Tom Sosnoff, who also founded the thinkorswim platform. Sosnoff recently sold tastytrade to IG, and is still the main host of his financial education company tastylive.
![tastytrade Image](https://www.financialtechwiz.com/wp-content/uploads/2024/08/tastytradeplatformimage.jpg)
tastytrade is Best For
tastytrade is best for active traders, especially those who want a high tier margin account and low fees for futures and options trades. The platform is also great for regular investors with features like fractional shares. Additionally, you can trade cryptocurrency on the platform.
Key Characteristics of Tradovate and tastytrade
Provider | Platform Type | Tradeable Assets | Charting Features | Data | Premium Pricing |
---|---|---|---|---|---|
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 |
tastytrade Get a Sign Up Bonus | Brokerage Platform | Stocks, ETFs, Options, Index Options, Futures, Futures Options, Crypto, Bonds | Downloadable desktop platform and web app | Real-time data with funded account | No premium features |
Trading Features and Tools
Provider | DRIP | Margin Trading | Insurance | Mobile App |
---|---|---|---|---|
Tradovate Get a Funded Account | No equity | Yes | Not insured | Yes |
tastytrade Get a Sign Up Bonus | Yes, no fees to enable, but clearing fee to sell fractional shares | Yes | SIPC Insured | Yes |
Trading Costs and Commissions Compared
Fee Type | Tradovate Get a Funded Account | tastytrade Get a Sign Up Bonus |
---|---|---|
Equity Commission | No equity | Free |
Option Commission | No equity options | $1 to Open, Free to Close |
Futures Commission | $1.29 per contract, $0.35 micro | $1.25 per contract, $0.85 micro, $0.25 smalls |
Futures Options Commission | Not specified, likely the same as regular futures | $2.50 per contract, $1.50 micro |
Option Exercise Fee | None | $5 fee |
Tradovate vs tastytrade – Bottom Line
Choosing between Tradovate and tastytrade 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
- Track all Markets
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