What Account Types and Fees Does Tradovate Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Individual Account |
Retail traders looking to trade independently |
Standard trading capabilities with access to all products |
No minimum deposit required |
| Joint Account |
Two or more individuals trading together |
Shared trading experience with joint fund management |
Requires identification for all account holders |
| IRA Account |
Individuals seeking tax-advantaged investments |
Retirement-focused trading options |
Must comply with IRS regulations for IRAs |
| Corporate Account |
Businesses trading futures |
Custom solutions for corporate trading needs |
Requires corporate documentation and verification |
| LLC Account |
Traders operating through a limited liability company |
Limited liability protections for trading |
Requires LLC formation documents |
| Trust Account |
Investors managing funds through a trust |
Flexible trading for trust-managed assets |
Requires trust documentation |
| Partnership Account |
Two or more partners trading collaboratively |
Shared account management for partners |
Requires partnership agreement |
Account Opening Process
To open an account with Tradovate, prospective traders need to submit personal, employment, and financial information. This includes providing identity verification documents such as a government-issued ID and proof of address. The process is designed to be straightforward, allowing users to start trading quickly. Additionally, Tradovate offers account flexibility, enabling traders to upgrade to a professional account later if their trading needs evolve.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for majors |
| Forex (Minor Pairs) |
Varies |
$0 (ECN: $3.5/lot) |
Varies based on pair |
| CFDs (Stocks) |
Varies |
$0 (depends on trading plan) |
Varies based on stock |
| CFDs (Indices) |
Varies |
$0 (depends on trading plan) |
Varies based on index |
| CFDs (Commodities) |
Varies |
$0 (depends on trading plan) |
Varies based on commodity |
| Cryptocurrencies |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Tradovate may charge additional fees beyond trading commissions. These can include deposit and withdrawal fees, inactivity fees for accounts with no live trades within a calendar month, and potential overnight interest (swap rates) for positions held overnight. Currency conversion fees may also apply when trading in different currencies. Overall, Tradovate maintains a transparent pricing structure, ensuring that traders are aware of all applicable costs.
