Rithmic vs. Tradovate...What's the Difference?
| Rithmic | Tradovate |
|---|---|
| Mobile app for Android & iOS | Mobile app for Android & iOS |
| Web app for Firefox & Chrome | Web app for Firefox & Chrome |
| Trade through NinjaTrader | Trade through NinjaTrader |
| ↓ Lower subscription fee | ↑ Greater subscription fee (scroll down after clicking) |
| ↓ Lower Maintenance fee | ↑ Greater Maintenance fee |
| ↑ Greater trade fees | ↓ Lower trade fees |
| Desktop platform for Windows only (RTraderPro) | Desktop platforms for Windows & Mac |
| Trade through Bookmap, Sierra Chart, Quanttower, and many more | Trade through TradingView & native on Mac |
| Trade livestock futures | Trade EUREX markets |
| Contract specs for Rithmic markets | Contract specs for Tradovate markets |
At full price, the Evaluation account subscriptions with Tradovate are $20 more than the corresponding Rithmic accounts. Tradovate reset and monthly maintenece fees are also $20 greater.
(When there is a discount, obviously this difference shrinks. At a 50% discount, Tradovate evaluations and resets would be $10 more. At 80% off, it would be $4 more, and during a 90% sale, Tradovate accounts are $2 more than Rithmic.)
However, Tradovate accounts have lower trade fees on most instruments. (This is due to Tradovate charging zero commission, leaving only the exchange & NFA and clearing fees. In contrast, Rithmic fees include the exchange & NFA and clearing fees, plus a commission.)
You can very quickly make up for the greater subscription fee through the lower trade fees on Tradovate.
For a comparison of the resulting differing trade fees, see here: