Tradovate Continues to Bring Innovation to Futures by Offering “No Fees” Approach, with Commission-Free Trading of New FairX Futures
FairX is a new futures exchange*, that intends to offer smaller futures contracts designed for active individual traders, and Tradovate will be one of the first brokers to offer trading on FairX from day one when the new exchange launches. Tradovate is also the first firm to announce commission-free trades for FairX futures for its clients.
Tradovate’s mission is to deliver new technology, the latest futures products and new pricing models designed to reduce a trader’s total costs. The FairX futures offering will be its most significant achievement to date in that mission, as the firm will provide commission-free trades with no market data fees, subscription fees, lifetime license fees, inactivity fees or platform fees. Through the end of the year, Tradovate will cover any non-pro exchange and clearing fees on FairX transactions for its clients.
Rick Tomsic, Founder & CEO of Tradovate Holdings, LLC, said: “From inception, Tradovate’s vision was to change the futures industry through technology and pricing innovation. Our team built a brokerage firm focused on powerful, yet easy-to-use technology to reduce costs while providing the features and tools that futures traders desire. We have worked tirelessly to make sure we meet the needs of active traders – whether they already trade futures or want to participate in the burgeoning futures market based on their stock, options or forex trading experience. Tradovate is excited to help level the playing field for active retail traders by bringing FairX contracts to our clients commission-free and with zero fees.”
FairX will launch futuresFairX will launch futures that are designed for retail traders, offering new opportunities to get exposure to the stock market with indexes that are highly correlated to some of the most actively traded instruments. FairX intends to offer products on a small, simple and accessible basis. These smaller contracts will be commission-free at Tradovate, making them easier to build and scale in and out of positions with more flexibility.
Tradovate’s modern, cloud-based platform powers individuals’ trading with access to desktop (both Mac- and PC-compatible), web and mobile platforms for research, analysis and trading. Whether you trade index, interest rate, metals, energies or grains - full size, mini or Micro contracts - Tradovate is the futures broker for you.
*FairX futures pending regulatory approval.
For FairX futures products, Tradovate, LLC will not charge a commission.
Until December 31, 2021, Tradovate, LLC will pay the standard FairX non-pro exchange per contract fees on behalf of the client.
Until December 31, 2021, Tradovate, LLC will pay the standard clearing fee of $0.09 per contract for FairX products on behalf of the client.
Standard commissions, clearing, exchange, and NFA fees will apply to all non-FairX products.