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Tradovate vs. Vanguard – A Detailed Comparison

Discover our detailed comparison of Tradovate and Vanguard 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 Tradovate and Vanguard across the internet and compiled it all in this article. 

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.

Overview of Vanguard

Vanguard was founded by the legendary investor John Bogle. Bogle is also credited with creating the first retail index fund, providing retail investors with a low-cost vehicle to invest in the broader stock market. Vanguard is known for offering low-cost mutual funds and ETFs with trillions of AUM.

Key Characteristics of Tradovate and Vanguard

FeatureTradovateVanguard
Platform TypeFutures Brokerage PlatformBrokerage Platform
Tradeable AssetsFutures, Futures Options, ForexStocks, ETFs, Mutual Funds, Options, Bonds
Charting FeaturesCharting platform with subscription fee including volume and market profilePrice history for Vanguard funds
DataReal-time data with funded accountReal-time data with funded account
Premium Pricing$99 per month or $1,499 lifetime for reduced commissionsNo premium features

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.

Who is Vanguard Best For?

Vanguard is best for long-term investors who want a low-cost set-it-and-forget-it investing approach. It is not great for active traders due to its lack of charting and trading tools. While Vanguard is an excellent and well-established brokerage, it is somewhat dated and not suitable for those who want a lot of control over their investments.

Trading Features and Tools

FeatureTradovateVanguard
DRIPNo equityYes, no fees
Margin TradingYesYes
InsuranceNot insuredSIPC Insured
Mobile AppYesYes

Trading Costs and Commissions Compared

Fee TypeTradovateVanguard
Equity CommissionNo equityFree
Option CommissionNo equity options$0 + $1-per-contract fee
Futures Commission$1.29 per contract, $0.35 microNo futures
Futures Options CommissionNot specified, likely the same as regular futuresNo futures options
Option Exercise FeeNoneNone

Tradovate vs Vanguard – Bottom Line

Choosing between Tradovate and Vanguard 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. 

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