Skip to content

Robinhood vs. Tradovate – A Detailed Comparison

Discover our detailed comparison of Robinhood and Tradovate to help determine which is best for you. Whether you’re a seasoned trader or just starting out, choosing the right platform can significantly impact your trading experience. 

To make your research easier, we manually found key data for Robinhood and Tradovate across the internet and compiled it all in this article. 

Overview of Robinhood

Robinhood is a popular commission-free brokerage platform that was founded in 2013. It gained significant attention for its user-friendly mobile app and the democratization of investing by eliminating traditional trading fees. Robinhood has attracted a large user base, primarily consisting of millennials and new investors seeking easy access to financial markets.

Overview of Tradovate

Tradovate is a futures trading brokerage platform with competitive pricing and trading tools. You can buy commission plans to reduce your commission rates and trade micro contracts for less than a few hundred dollars. It also has decent charting tools with advanced indicators like the volume profile, but I would still prefer TradingView’s charting.

Key Characteristics of Robinhood and Tradovate

FeatureRobinhoodTradovate
Platform TypeBrokerage PlatformFutures Brokerage Platform
Tradeable AssetsStocks, ETFs, Options, CryptoFutures, Futures Options, Forex
Charting FeaturesBasic charting on mobile and web appCharting platform with subscription fee including volume and market profile
DataReal-time data with funded accountReal-time data with funded account
Premium Pricing$5/mo for Gold$99 per month or $1,499 lifetime for reduced commissions

Who is Robinhood Best For?

Robinhood is best for beginners who want easy access to stocks, options, and crypto. The mobile app has an amazingly simple design, allowing anybody to take control of their financial future. Robinhood is a great choice for all investors except active traders requiring more advanced charting and order placement tools.

Who is Tradovate Best For?

Tradovate is best for those looking to trade futures with low commissions, especially if you trade enough to justify a monthly fee to lower your rates. However, Tradovate is primarily only for futures, so it is not for those looking to branch out into other assets like stocks and ETFs.

Trading Features and Tools

FeatureRobinhoodTradovate
DRIPYes, no feesNo equity
Margin TradingYesYes
InsuranceSIPC InsuredNot insured
Mobile AppYesYes

Trading Costs and Commissions Compared

Fee TypeRobinhoodTradovate
Equity CommissionFreeNo equity
Option CommissionFreeNo equity options
Futures CommissionNo futures$1.29 per contract, $0.35 micro
Futures Options CommissionNo futures optionsNot specified, likely the same as regular futures
Option Exercise FeeNoneNone

Robinhood vs Tradovate – Bottom Line

Choosing between Robinhood and Tradovate depends on your specific trading needs, preferred trading tools, and the type of assets you’re interested in. 

Both platforms offer distinct advantages, but by considering the detailed comparison above, you can select the one that aligns best with your trading strategy and goals.

For more detailed reviews and comparisons, continue exploring our other articles on brokerage platform comparisons.

What is the Overall Best Charting Software?

I have reviewed and used nearly every trading platform available, and I believe that TradingView is the best overall charting software available. Here are some reasons why:

  • All of TradingView’s key features are free to use
  • TradingView provides real-time data for free whenever possible
  • You are not tied to a single broker and can use whichever you want while charting on TradingView
  • You can track all markets on a single platform, including stocks, ETFs, crypto, forex, and futures.
  • TradingView has an excellent economic calendar and various screeners

If you sign up for a TradingView account using my affiliate link, you can get a 30-day free trial of its premium features plus a $15 credit toward your subscription. However, signing up for a free trial is not required, and you can use nearly all of its features with a basic free account. You can read my full review of TradingView to learn more. 

Related Trading Platform Comparisons


Barchart vs Fidelity

Robinhood vs thinkorswim

MT4 vs StockCharts

Schwab vs Tradestation

Fidelity vs Finviz

Recent Posts

tradingview logo

Join over 50 million traders who trust TradingView!

Technical Analysis
tradingview logo

Join over 50 million traders who trust TradingView!

×

Get Our Stocks & Options 101 eBook for FREE!

Learn How To:
– Craft a stock portfolio
– Leverage options trading
– Build financial freedom