Trading futures without commissions - Tradovate ?

[CALLumbus]

So.... Have anyone try Trado's platform yet? Is it real time?
Do they support Singapore trader? Anyway delay if using in Singapore?

@hoodyap, I am testing their platform in Demo right now. I like it very much so far. Seems to be very fast, stable. Lacks maybe a few options here and there, but I guess they are constantly improving this new platform and new features are about to come, similar to the new TTweb platform by Trading Technologies. What I also like very much about their platform is that you have a downloadable desktop version and also a browser based platform with the same features that can be run on all possible devices (PCs, smartphones, tablets...).

I talked with them and they welcome international clients. I am not sure about singapore traders, but clients from the european union are welcome for sure.

 

[CBC]

How can your account be up 500$ by trading ONE emini (ES) contract and being up 5 points ? Have you even ever traded a futures contract in your life ? Again, this is NOT Forex or CFD or some other kind of dealing desk bucketshops...

Fair enough wrong price, noted that I meant 10 points

 

[CBC]

Hey wait a second....... look what I dug up..... Dormans CME orderflow statement.

http://www.dormantrading.com/forms/corp.pdf

Page 18 BTW.

Pretty small statement BTW, is that orderflow for futures?? It does seem so

Last time I checked CME was a futures exchange. Guys?

Callumbus I'm happy to promote this company and would look at moving my account there if they have this pricing systym.

Sounds like a dream to me.

You can understand my concern if my trades are getting altered..... all to tradovate's advantage of course. I still haven't seen them answer.

There are heaps of FX outlets around CBD's that offer "No Commision" however they are just making their $ by altering the exchange rate, offering people a worse deal. I just want to know that when I send a trade through that the limit orders I send are the prices I'm getting "filled" at.

If tradovate confirms that I'm getting the prices I place then thumbs up. NP.

 

[J_Smith]

Hey wait a second....... look what I dug up..... Dormans CME orderflow statement.

http://www.dormantrading.com/forms/corp.pdf

Page 18 BTW.

Pretty small statement BTW, is that orderflow for futures?? It does seem so

Last time I checked CME was a futures exchange. Guys?

Callumbus I'm happy to promote this company and would look at moving my account there if they have this pricing systym.

Sounds like a dream to me.

You can understand my concern if my trades are getting altered..... all to tradovate's advantage of course. I still haven't seen them answer.

There are heaps of FX outlets around CBD's that offer "No Commision" however they are just making their $ by altering the exchange rate, offering people a worse deal. I just want to know that when I send a trade through that the limit orders I send are the prices I'm getting "filled" at.

If tradovate confirms that I'm getting the prices I place then thumbs up. NP.

As you rightly said, let them answer - if they are up front then they have nothing to hide!

Good posts - always make sure you know "exactly" what you are getting yourself into - no matter what any other person says, or does.

My question is as follows - are the backed up under any scheme if the company goes bust, in other words, if they go bust will I get my money back, and is there a cap on the $ amount I can get back, if covered.

Hard to beat IB for security and all round good pricing - if something looks too good to be true, it usually is.

The ball is in their court now - all they need do is reply with relevant links for proof - words mean nothing in this game, without proof.

J_S

 

[CALLumbus]

@CBC, 1st, your fills will not be manipulated because of this, they still go directly to the exchange.
2n, the form you attached is for corp. accounts. Do you want to open a corp. account ?
3rd, this is nothing Tradovate specific, this is a Dorman document, since you are opening an account with Dorman if you chose Tradovate as your IB. Since Dorman is also introducing broker for Ninjatrader, T4FL and many others, you could also question their trustworthiness. Also I give you a hint, maybe you want to check the documents from RCG, AMP... for similar statements in their documents ? I am curious what you will discover.

 

[J_Smith]

Ok, let me help out here, as I am also interested in cheaper fees - who is not!

For Tradovate to answer, as they are the broker.

Link to proof required - if no links then reasons why.

1. Is my money safe if you go bust, and if so, what is the $ limit covered

2. Do my E- mini orders go directly to Globex with no intervention by Tradovate, or any other intermediary.

3. Do you have a ladder for order entry - similiar to IB's TWS booktrader with customizable buttons, which is the best I have seen so far btw.

4. When you enter an order on the ladder (if available), does this automatically put your order criteria ( limit, stop, profit target lines) on the chart you link to your ladder - to allow you to adjust orders by either ladder or chart with customizable buttons, or by dragging the order lines on the charts.

5. Does the ladder ( if available) have the ability to add Volume by Price in histogram format - again, similar to what IB's TWS booktrader allows.

J_S

 

[CBC]

Ok Callumbus.

That is absolute rubbish.

You're trade may never even reach the market .

Here is Dormans conflict of interest statement. I would like to point out the part which says "we may direct orders to affiliated or unaffiliated market-makers, other executing firms, individual brokers or brokerage groups for execution."

http://www.dormantrading.com/forms/CONFLICT DISCLOSURE OF DORMAN TRADING.pdf

U seriously think that document is limited to corporate accounts? Its there in the individual account as well.... seriously....

 

[Tradovate]

There are heaps of FX outlets around CBD's that offer "No Commision" however they are just making their $ by altering the exchange rate, offering people a worse deal. I just want to know that when I send a trade through that the limit orders I send are the prices I'm getting "filled" at.

If tradovate confirms that I'm getting the prices I place then thumbs up. NP.

@hoodyap Yes, we support traders from Singapore and we currently have clients from Asia that have reported the platform performs very well.

@CBC We do not interfere with order flow going to the exchange, direct orders to unaffiliated market makers or executing firms, and are not on the other side of the trade, like a FX or CFD dealer. Your order goes directly to the exchange to be executed in their trade execution facility (Globex for CME Group exchanges) and then sent to the exchange's clearing house (CME Clearing for CME Group exchanges) for clearing, settlement, matching, post-trade processing, margining, and marking-to-market. Again, Tradovate does not interfere with or manipulate your trade throughout this process.

In your example of profiting 10 points when trading 1 e-mini S&P 500 contract with a starting balance of $1,000, yes, your ending balance net of the $2.54 in fees would be $1,497.46.

Also, if comparing Tradovate to a CFD (or FX) broker, you may want to take the spread costs into consideration as well. Typically, CFD brokers widen out the spread when they deal beyond the price that is trading at the exchange, so the extra $12.50 per tick for ES, $10 per tick for crude oil, or $25 per tick for silver are certainly important extra cost factors to consider when choosing between CFDs and Tradovate.

 

[J_Smith]

I am more interested in this bit!!!!!


"The results of your transactions may differ significantly from the results achieved by us for our own account, our affiliates, or for
other customers."

Seems like "case closed" - unless of course Tradovate want to reopen it with proof links.

As mentioned, security of funds is top priority in this business - petty commisions mean nothing if the broker goes bust - always go for the big broker who has been around the longest, and can prove the $ amount your funds are covered up to.

Forget the small talk!

J_S

 

[CALLumbus]

CBC and J_Smith (aka "team conspiracy"), if you want real proof why not have an eye on the orderflow of your broker by yourself ? Since you are all about security, I am pretty sure you both have backup brokers available. So you can always open 2 DOMs and 2 T&Ss of 2 different brokers side by side. Place your order with one broker, see if it shows up immediately on the DOM of the 2nd broker, at the right price. Same for the fill, you can see and check it on the T&S of both brokers, if it was correctly filled at the exchange. Might need a pretty fast eye for this during the opening hour but there are ways to make this a bit easier.