Tradovate
- Company typePrivate
- Founded2014
- HeadquartersDelaware, United States
- Headcount11–50
- GTM typeB2C
- OfferingSoftware
What Tradovate does
Tradovate is a cloud-based online futures brokerage operated by NinjaTrader Clearing, LLC (d/b/a Tradovate) under the privately-held NinjaTrader Group, LLC, an FCM-registered (NFA ID 0309379) affiliate that also runs the NinjaTrader retail platform and NT Technologies education business. The platform is purpose-built for active retail futures traders and provides direct exchange connectivity to CME, ICE Futures Europe, Eurex, and Coinbase Derivatives, with access to micro futures, equity futures, options on futures, and crypto futures including Nano Bitcoin (1/100th Bitcoin) and Nano Ether contracts. Notable technical components include a server-side cloud architecture where orders are stored on Tradovate's servers (preventing failed orders on internet drops), proprietary on-demand Market Replay streaming without downloads, and cross-device synchronization across Mac, PC, web, iPad, iPhone, and Android.
The product suite comprises 40+ integrated modules including Depth of Market, Advanced Order Management with up to 10 bracket levels, Options Chain, Spread Matrix, Group Trade for multi-account execution, Simulated Trading, Performance Center, and TPO Profile Charts. Premium third-party integrations with TradingView, Jigsaw, Collective2, and Bookmap enable single-login cross-platform order and balance synchronization, while a native integration with NinjaTrader gives users access to both platforms under one credential set.
Tradovate operates a tiered hybrid revenue model combining per-contract trading commissions and recurring or upfront subscription access. The free tier charges $0.39 per micro side and $1.29 per standard side with no monthly fee; the Monthly subscription ($99/month) reduces commissions to $0.29/$0.99; and the Lifetime tier ($1,499 one-time or four $499 installments) drops commissions to $0.09/$0.59. Additional day-trade margins are set as low as $50 on equity futures and $25 on Coinbase Derivatives products, and exchange, clearing, and NFA fees are passed through per side. The company runs a product-led go-to-market with a 14-day free trial and live streaming market data, supplemented by direct sales for larger accounts, and is headquartered in Delaware with client service operations in Chicago and brokerage activity in South Korea through NT Korea Co., LTD.
Tradovate firmographics
Firmographics- Name
- Tradovate
- Legal name
- NinjaTrader Clearing, LLC
- Website
- https://tradovate.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Tradovate industry classification
Industry- Product category
- Online Futures Brokerage & Trading Platform
- NAICS
- Commodity Contracts Intermediation (52316), Securities and Commodity Contracts Intermediation and Brokerage (5231)
- SIC
- Commodity Contracts Brokers & Dealers (6221), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Derivatives & Futures Brokerage (FSAEACAL)
- akta.pro secondary industries
- Listed Derivatives Execution Platforms (Futures/Options) (FSAFANAD), Digital Asset/Crypto Trade Execution Platforms (FSAFANAO)
Keywords
Where Tradovate is headquartered
LocationHeadquarters
- HQ city
- Delaware
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Tradovate business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Others
Revenue model
- Commission-based Trading Fees: Tradovate earns revenue through per-contract commissions on futures trades. Commission rates vary by pricing tier: Free tier ($0.39 micros, $1.29 standard), Monthly ($0.29-$0.99), Lifetime ($0.09-$0.59). Fees are per side, with exchange, clearing, and NFA fees additional.
- Subscription Revenue: Monthly subscription at $99/month provides reduced per-trade commissions. Lifetime plan available as one-time payment of $1,499 or 4 installments of $499, offering lowest commissions with no ongoing fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Free tier - Pay as you trade with no monthly fee |
| Subscription | Monthly | Monthly subscription - Reduced per trade commissions |
| One time/ perpetual license | Multi-year contract | Lifetime - Lowest commissions with one-time payment |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels5 records
Tradovate product offering
Product offeringCore offering
Tradovate operates an online futures brokerage (as NinjaTrader Clearing, LLC, a CFTC-registered FCM) that provides a cloud-based multi-device trading platform for retail futures traders, with commissions starting at $0.09 per contract for micro futures and $50 day trading margins, no funding minimum, and integrated access to equity, commodity, and cryptocurrency futures across CME, ICE, Eurex, and Coinbase Derivatives. The platform supports third-party integrations with NinjaTrader, TradingView, Jigsaw, Collective2, and Bookmap, and offers a proprietary Market Replay tool plus 40+ trading modules (DOM, Charts, Options Chain, Spread Matrix, Performance Center, Simulated Trading, etc.).
Product overview
Tradovate is a futures trading platform offered as a cloud-based platform with multiple integrated modules and tools. The core Tradovate Platform serves as the main product, with integrated tools including Depth of Market (DOM), Charts, Quotes, Advanced Order Management, Simulated Trading, Market Replay, Options Chain, Spread Matrix, Group Trade, Performance Center, and TPO Profile Charts. Premium third-party integrations include TradingView, Jigsaw, Collective2, and Bookmap. The platform offers access to Coinbase Derivatives crypto futures including Nano Bitcoin and Nano Ether contracts. NinjaTrader integration is available through a single login. All Tradovate platforms are included with no license fees across desktop, web, iPad, iPhone, and Android devices.
Differentiator
Problem solved
Functional benefit
Products and services
- Tradovate Platform Modern cloud-based futures trading platform providing full access to all versions of the platform for trading futures on any device, with no platform license fees. Designed for active futures traders seeking low-cost execution and multi-device access.
- Coinbase Derivatives Futures on Tradovate Crypto and smaller futures contracts traded via Coinbase Derivatives through the Tradovate platform, designed for active individual traders with lower costs, no market data fees, and low day trade margins. Includes Nano Bitcoin (1/100th Bitcoin), Nano Ether, Nano SuperTech Index, and Micro Crude Oil contracts.
- Nano Bitcoin Futures A Coinbase Derivatives futures product at 1/100th the size of Bitcoin, offered on Tradovate for active individual retail traders seeking lower-cost, smaller-footprint Bitcoin exposure with reduced day trade margins and no market data fees.
- Third-Party Charting and Trading Integrations Premium partner integrations with TradingView, Jigsaw, Collective2, and Bookmap that provide synchronized accounts, balances, positions, and orders across platforms with no order routing fees, enabling traders to use familiar analytics tools with Tradovate execution.
- NinjaTrader Integration (Single Login) Cross-platform access that allows Tradovate users to log into NinjaTrader using their Tradovate credentials, enabling use of both Tradovate and NinjaTrader platforms against a single account with synchronized orders.
Quantifiable outcome
- Day trading margins as low as $50 for equity futures
- +3 more outcomes
Companies that use Tradovate
Customer profileSegments3 records
Ideal customer profiles3 records
Tradovate technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature5 records
Tradovate partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and premium.
- NinjaTradercoreNinjaTrader Group, LLC is the parent company. Tradovate is an affiliate operating under NinjaTrader Clearing, LLC. Users can access NinjaTrader using Tradovate credentials through a single login, enabling access to both platforms' tools and features.
- TradingViewcoreTradingView has been fully integrated into Tradovate providing a seamless trading experience. Traders can share trade ideas using TradingView charts and execute orders across both platforms. Single easy login for both Tradovate and TradingView.
- JigsawpremiumJigsaw is a premium integration partner with full Tradovate integration enabling accounts and orders to be synchronized. Available for both live and simulated trading with no order routing fees.
- Collective2premiumCollective2 is integrated with Tradovate as a premium partner, enabling synchronization of accounts and orders across platforms for automated trading strategies.
- Coinbase DerivativescoreCoinbase Derivatives offers smaller futures contracts designed for active individual traders. Tradovate offers Nano Bitcoin, Nano Ether, Nano Bloomberg US Large Cap Index, Micro Crude Oil, and SuperTech Index futures. Features include $25 day trade margin and no market data fees.
- CME GroupcoreCME Group is a core exchange partner providing connectivity for equity futures including Micro E-mini contracts traded on the Tradovate platform.
- ICE (Intercontinental Exchange)coreICE Futures Europe is an exchange partner providing connectivity for international futures products traded on the Tradovate platform.
- Eurex ExchangecoreEurex Exchange is a core exchange partner providing connectivity for European futures products traded on the Tradovate platform.
- BloombergcoreBloomberg is the exclusive licensing partner for Bloomberg US Large Cap Index futures products offered through Coinbase Derivatives and traded on Tradovate.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
Tradovate competitors and assessment
Company assessmentDirect peers
- NinjaTrader: Sister brand under NinjaTrader Clearing, LLC offering a desktop-based futures trading platform. Direct comparable because Tradovate users can access NinjaTrader via single login with synchronized accounts/orders, and the platforms target the same active futures retail segment with overlapping tooling (DOM, charts, order management).
- TradeStation: Long-established retail futures and equities brokerage with a downloadable platform, advanced charting, and active-trader pricing tiers. Directly comparable as a multi-asset brokerage targeting active/technical retail traders with similar commission structure and toolset focus.
- Interactive Brokers: Global multi-asset broker with comprehensive futures execution across CME, ICE, Eurex and competitive per-contract pricing for active traders. Directly comparable on futures execution breadth, professional-grade tooling, and pricing tiering for high-volume retail and prosumer traders.
- AMP Futures: Retail futures-focused brokerage offering low commissions across CME, CBOT, COMEX, NYMEX with multiple platform integrations. Directly comparable as a discount futures broker targeting active retail traders with similar pricing and FCM-based clearing model.
- Optimus Futures: Retail futures brokerage providing low-cost access across multiple global exchanges with platform-agnostic support. Directly comparable as a discount futures broker serving active retail traders with similar value proposition on price and exchange coverage.
Broad incumbents
- Charles Schwab (futures): Large incumbent retail broker offering futures alongside equities, options, and funds post-TD Ameritrade acquisition. Comparable as a broader incumbent with futures capability, but Tradovate is more specialized toward active futures traders while Schwab serves a wider retail base with bundled offerings.
Emerging players
- Webull: Mobile-first retail brokerage expanding into futures and crypto derivatives with aggressive pricing. Comparable as a PLG-driven, digitally native retail brokerage targeting younger active traders; less futures depth today but a credible emerging competitor in the same user segment.
- Tastytrade: Retail derivatives-focused broker with content-driven engagement and futures/options specialization. Comparable on the active retail derivatives positioning and educational/content GTM, though Tastytrade leans more options-heavy while Tradovate is futures-centric.
- eToro: Multi-asset retail brokerage and social trading platform expanding into futures and crypto derivatives globally. Comparable as a digitally native, retail-first broker targeting active self-directed traders, though its futures product depth is lighter than Tradovate's.
Others
- Coinbase Derivatives (formerly FairX): CFTC-regulated futures exchange owned by Coinbase that provides Nano Bitcoin, Nano Ether, and other small-contract futures that Tradovate distributes. Adjacent/ecosystem peer—Tradovate is a downstream distribution channel and clearing introducer for Coinbase Derivatives' products rather than a direct competitor.
Market position
Strengths1 record
Weaknesses1 record
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Tradovate social profiles
Digital presenceTradovate compliance and trust
Trust signalCompliance1 record
Tradovate financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tradovate leadership team
Management profileNumber of profiles
Profiles2 records
Tradovate subsidiaries and ownership
Company hierarchySubsidiaries4 records
Tradovate funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tradovate M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Tradovate
What does Tradovate do?
Tradovate operates an online futures brokerage (as NinjaTrader Clearing, LLC, a CFTC-registered FCM) that provides a cloud-based multi-device trading platform for retail futures traders, with commissions starting at $0.09 per contract for micro futures and $50 day trading margins, no funding minimum, and integrated access to equity, commodity, and cryptocurrency futures across CME, ICE, Eurex, and Coinbase Derivatives. The platform supports third-party integrations with NinjaTrader, TradingView, Jigsaw, Collective2, and Bookmap, and offers a proprietary Market Replay tool plus 40+ trading modules (DOM, Charts, Options Chain, Spread Matrix, Performance Center, Simulated Trading, etc.).
Is Tradovate a public or private company?
Tradovate is a private company. It is classified as corporate owned and is currently operating.
When was Tradovate founded?
Tradovate was founded in 2014. It employs 11 to 50 people.
Where is Tradovate based?
Tradovate is headquartered in Delaware, United States, in the North America region.
How does Tradovate make money?
Two revenue lines are on record. Commission-based Trading Fees are the primary driver. The others are subscription Revenue.
Who are Tradovate's main competitors?
Direct peers on record are NinjaTrader, TradeStation, Interactive Brokers, AMP Futures and Optimus Futures. Charles Schwab (futures) is listed as a broad incumbent. Emerging players are Webull, Tastytrade and eToro. Coinbase Derivatives (formerly FairX) is listed as an others.
Does Tradovate have an API?
Yes. Direct API integrations enable seamless trading experience across all screens with premium partners including TradingView, Jigsaw, and Collective2. The API allows synchronization of accounts and orders across integrated tools.
What industry is Tradovate in?
Tradovate's product category is Online Futures Brokerage & Trading Platform. Its primary akta.pro industry code is FSAEACAL, Derivatives & Futures Brokerage, with a secondary code of FSAFANAD, Listed Derivatives Execution Platforms (Futures/Options). Its NAICS code is 52316 and its SIC code is 6221.