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Tradovate -

Score

1.55 /10
Danger

Tradovate

United States

5-10 years

Suspicious Regulatory License

Global Business

Suspicious Overrun

High potential risk

https://www.tradovate.com

Influence

AAA

Add brokers

Comparison

Quantity 2

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.32

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

ID BAPPEBTI
2022-09-20
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Broker Information

More

Company Name

Tradovate Holdings, LLC

Company Abbreviation

Tradovate

Platform registered country and region

United States

Company website

X

Facebook

YouTube

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 3
Previous Detection : 2025-06-15
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United StatesNFA regulation (license number: 0485810) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Exposure

2 pieces of exposure in total
Pyramid scheme complaint
Expose
Data Source WikiFX Data provide
Updated: 2025-06-15
Tradovate · Company summary
TradovateReview Summary
Founded2014
Registered Country/RegionUnited States
RegulationNFA (Suspicious Clone)
Market Instrumentsfutures and options
Demo Account✅
Leverage/
Spread/
Trading PlatformTradovate platform
Minimum Deposit $0
Customer SupportLive chat, 24/5 customer support
Contact form
Tel: +1 (844) 283-3100; +1 (312) 283-3100
Email: support@tradovate.com
Facebook, X, YouTube, LinkedIn, Twitter
Regional Restrictions/

Tradovate Information

Tradovate was registered in the US in 2014, offering trading on futures and options on Tradovate platform with a minimum deposit requirement of $0. It provides various contact channels for customer support, but now it holds a suspicious clone license, which means potential risks cannot be ignored.

Tradovate Information

Pros and Cons

Pros Cons
Demo accounts offeredSuspicious clone license
Various contact channelsLimited trading products
Live chat supportCommission fees charged
Low minimum deposit of $0Lack of deposit and withdrawal details

Is Tradovate Legit?

RegulatorCurrent StatusRegulated CountryRegulated EntityLicense TypeLicense No.
National Futures Association (NFA)Suspicious CloneUnited StatesTradovate Holdings, LLCCommon Financial Service License0485810
license

What Can I Trade on Tradovate?

Tradovate offers trading on futures and options.

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

Account Type

Tradovate offers Free accounts, Monthly accounts and Lifetime accounts. Besides, it also offers demo accounts.

Account TypeMinimum Deposit
Free$0
Monthly$0
Lifetime$0
Account Type

Leverage

Tradovate has not clearly provided the leverage it offers. It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.

Tradovate Fees

Account TypeMicro CommissionStandard CommissionMonthly 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
Tradovate Fees
Tradovate Fees

Trading Platform

Trading PlatformSupported Available Devices Suitable for
Tradovate✔Desktop, mobile/
Trading Platform

Deposit and Withdrawal

Tradovate accepts payments debit cards, ACH and wire transfer. But it does not provide information regarding deposits and withdrawals.

Deposit and Withdrawal
Deposit and Withdrawal
Deposit and Withdrawal
Deposit and Withdrawal

News

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2022-06-29 15:49
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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.

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2022-05-06 15:55
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WikiFX
2022-05-03 12:30
WikiFX Review: Tradovate, A Broker That You Need to be Aware of

NewsSTRUCTURE 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.

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2022-05-02 12:00
STRUCTURE OF THE FOREX MARKET
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User comment

4

Comments

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FX1226459765
more than one year
Keep calling like 4-5 times a day, even thou I asked them to stop! Need to block the numbers, because they don't understand NO! I get emails even thou, I unsubscribed like 4 times now! Stay away from this! SPAM all the way.
Keep calling like 4-5 times a day, even thou I asked them to stop! Need to block the numbers, because they don't understand NO! I get emails even thou, I unsubscribed like 4 times now! Stay away from this! SPAM all the way.
Translate to English
2023-02-15 13:57
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0
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w_hq
more than one year
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!
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!
Translate to English
2022-12-19 09:48
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0
0
2