The Tradovate vs TradingView comparison isn’t exactly apples-to-apples. These two tools do fundamentally different things. Tradovate is a futures brokerage where you actually place your trades. TradingView is a charting tool that helps you uncover breakouts and plan trades.

Interestingly enough, the tools connect with each other as well – so it’s less about picking between TradingView vs Tradovate and more about deciding if you need both. OR, if there’s a better option out there for how YOU like to trade.

VectorVest is a proprietary stock forecasting software that provides real-time insights into 18,000+ stocks, giving you a clear buy, sell, or hold recommendation for any ticker at any time. It has outperformed the S&P 500 index by 10x over the past 20+ years.

We’ll cover everything you need to know about Tradovate vs TradingView, including how to connect Tradovate to TradingView if you decide to take that path. But you’ll also learn all about what separates VectorVest from other tools out there.

Tradovate vs TradingView vs VectorVest: Key Takeaways

  • Tradovate: Cloud-native futures brokerage for order execution. Free, $99/month, or $1,499 lifetime plans. Available via web, desktop, and mobile with server-side order holding. ONLY for trading futures.
  • TradingView: Browser-based charting platform for stocks, futures, forex, and crypto. Free plan and multiple paid plans, starting at $14.95/mo. A very sophisticated tool for uncovering entries and exits. Connects to 25+ brokerages, including Tradovate.
  • VectorVest: A proprietary stock rating system that eliminates stress, emotion, and human error, empowering you to win more trades with less work. Desktop or mobile app. Plans start at $19.99/mo. Tells you what to buy, when to buy it, and when to sell.

What Can Tradovate Do?

This futures-only brokerage was built from the ground up to support cloud-native trading, which sets it apart from legacy platforms that force you into a desktop download. It runs in a browser but stays entirely functional with:

  • Charting with 40+ technical indicators
  • Depth-of-market (DOM) ladder trading
  • Bracket orders with up to 10 target and stop levels

The server-side order holding means you never have to worry about dropped internet connections costing you a trade. Stops and brackets remain active.

The platform covers CME, CBOT, NYMEX, COMEX, Eurex, and Coinbase Derivatives exchanges. It also supports nano contracts, with day-trading margins starting at $50 for micros and $500 for standard contracts. There’s only a $250 minimum to open an account. That’s as low as it gets for futures brokerages.

We recently wrote about NinjaTrader vs TradingView. Just a few years back, NinjaTrader acquired Tradovate. Now, Tradovate shares the same backend infrastructure. That means you can effortlessly move between Tradovate’s cloud interface and NinjaTrader’s desktop app.

What Does TradingView Do?

TradingView is one of the most popular charting tools in the world. From futures to equities, bonds, options, crypto, forex, and more, over 100 million investors rely on TradingView to spot breakouts and map out trades.

Everything works through Pine Script v6. You’ll use this language to build custom indicators that you can overlay over charts. Or, you can pull from 100,000+ community-created scripts. These live in the public library and let you test out other people’s strategies.

That social element is part of what separates TradingView from other platforms out there. Investors just like you are sharing ideas on a daily basis. They publish marked-up charts, track each other’s calls in real time, and share custom scripts with one another.

What TradingView doesn’t do is hold your money or route orders to exchanges. At least, not on its own. We’ll show you how to connect Tradovate to TradingView in a moment if you are looking to consolidate your software and create a more seamless trading experience.

First, though, we want to make the Tradovate vs TradingView distinction crystal clear.

TradingView vs Tradovate: Which Platform is Right For You?

As we said from the start, these tools are honestly so different that they’re not really meant to be compared. There is SOME overlap. Tradovate does have some charting and analysis tools built into it. But its primary purpose is as a brokerage. TradingView is where you do your screening and analysis. Here’s a closer look at Tradovate vs TradingView side by side:

  • Charting and analysis: Go with TradingView for this. You get Pine Script to create custom indicators, and access to 100,000 community indicators the moment you open your account. TradingView works for any market, too, be it forex or equities, bonds, crypto, etc. Tradovate only has 40 built-in indicators.
  • Order execution: Use Tradovate for this – assuming you’re trading futures, that is. It’s the brokerage countless futures traders rely on for swift order placement. You’d have to connect to a separate brokerage with TradingView to actually place orders.
  • Mobile trading: Both TradingView and Tradovate have fully featured mobile apps so you can take your investments on the go. Again, though, it depends on if you want to analyze opportunities on the go or place orders on the go. You can’t really use one or the other for BOTH those things.
  • Cost for futures traders: Tradovate’s commissions are $0.09 on the Lifetime plan with no platform fees – but that costs you $1,499 upfront. So you have to really commit to using Tradovate for it to make sense. TradingView’s free tier limits you to only 2 indicators per chart, which is probably not enough for your analysis. You’ll have to upgrade to at least the $14.95/mo plan for more sophisticated analysis.
  • Multi-asset coverage: TradingView is the obvious choice if you don’t trade futures. It’s the only answer if you trade stocks, crypto, or forex alongside futures.

The key takeaway: most futures traders end up using both TradingView AND Tradovate. Or, at the very least, combining Tradovate with some sort of stock analysis tool, perhaps VectorVest.

How to Connect Tradovate to TradingView For the Best of Both Worlds

It may not be a matter of choosing between Tradovate vs TradingView. The connection only takes two minutes. We’ll assume you already have an account in TradingView and Tradovate.

  1. Open the Trading Panel at the bottom of your screen
  2. Select Tradovate from the brokerage list.
  3. Log in with your Tradovate credentials
  4. Choose Live or Demo mode

Voilà – you’re connected. It’s that simple. Market data flows from your Tradovate account now, rather than from TradingView’s data feed. You can place, modify, and cancel live futures right from TradingView charts at this point. You’ll also see account balances, open positions, and margin requirements inside TradingView’s interface.

As of now, Tradovate plans give you free access to TradingView with Level I CME and Eurex data. But there are some limitations you need to be aware of:

  • Bracket orders only work from the Order Panel (not chart buy/sell buttons)
  • OCO orders can’t be applied to existing positions through TradingView
  • The extra routing hop adds a little latency that may matter for market-order scalpers. Limit-order traders usually won’t notice a difference, though.

Who Should Use VectorVest Instead?

You came here curious about TradingView vs Tradovate. But neither of these platforms gives you any real, clear insight into whether or not a stock is worth buying. Not even TradingView, with its sophisticated charting tools and custom indicators. It gives you raw data and leaves you to form your own conclusion, opening the door to human error and emotion.

VectorVest’s stock advisory rates every stock on Value, Safety, and Timing using the proprietary VST system. You’re then given a clear buy, sell, or hold recommendation based on real-time data. No need to interpret charts, make subjective calls, or spend hours screening for setups.

The system has called every major market move since the Dot Com Crash, all the way up to the recent COVID correction. It has outperformed the S&P 500 index by 10x over the past 20+ years. All while saving investors time and stress.

It’s the #1 TradingView alternative for investors who want actionable insights. Learn more about how it works with a free stock analysis for any ticker you have on your watchlist!

Frequently asked questions

Can you connect Tradovate to TradingView?

Yes. Tradovate is a listed broker integration within TradingView. Setup is very easy.

Do I need a TradingView subscription to trade with Tradovate?

No – you can get free access to TradingView with a Tradovate subscription right now. But you only get Level I CME and Eurex data. That may not cut it for a lot of investors.

What can I trade with Tradovate on TradingView?

Futures only. This is not the platform connection for you if you want to trade stocks, forex, or crypto. It only makes sense for equity index, energy, metals, agricultural, interest rate, and event contracts across CME, CBOT, NYMEX, COMEX, Eurex, and Coinbase Derivatives exchanges.

Which platform is better than TradingView?

VectorVest is the #1 stock analysis software for traders who want clear, actionable insights without having to jump through hoops. It saves you time and stress while empowering you to win more trades. See how it works today.

Related Resources

Trade Ideas vs TradingView | TrendSpider vs TradingView | TradingView vs ThinkOrSwim