Tradovate, a new online broker for active, self-directed futures traders, today announced its company launch with the beginning of its trading services. Tradovate is the first futures brokerage firm to offer flat-rate membership fees, dispensing with the industry-standard commission structure. Its cloud-based platform is accessible from any device, operating system or browser.
Tradovate is the first futures brokerage firm to offer flat-rate membership fees.
While the industry typically charges on a commission-basis for every trade, Tradovate has chosen instead to launch a range of membership plans to accommodate different types of traders, from those who trade one contract at a time in a transaction, to those trading in larger sizes over multiple exchanges and accounts.
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Founder and CEO Rick Tomsic commented: “We’ve introduced next generation, cloud-based technology so clients can trade with high-quality execution from any device. Typically commissions represent over half the total cost of a trade. Through our flat-rate, commission-free membership structure, we’re giving traders the ability to control and greatly reduce their transactional costs.”
We’ve introduced next generation, cloud-based technology so clients can trade with high-quality execution from any device.
The firm has honed in on self-directed traders who seek easy-to-use trading platforms offering functionality, speed and reliability together with cloud-based technology, while allowing them to trade on demand anytime and anywhere on a mobile phone, tablet, laptop or desktop. Futures trading is all about transparent markets and Tradovate’s new model in the futures space brings transparency to the relationship by making the brokerage firm the client’s partner.
With the new offering from Tradovate, clients can not only access the full range of futures products on major exchanges from any type of device, but also across any operating system or browser in a cloud environment, as well as gaining access to resources such as depth of market and customisable, real-time charts.