Since I post when I complain, I'll post when all is good. It has been running good since last issue and worked through the FOMC today.
Now Tradovate has increased Day Margins for IRA accounts by 300%. See- https://www.elitetrader.com/et/thre...argins-on-ira-accounts-without-notice.374134/ I am done with Tradovate once and for all!!
thanks. I almost went with them. But now having 2nd thoughts. How much are their commissions now for es btw since u said they jack up their commissions?
Their commissions used to be $1.58 round-trip for ES. Now it is $2.58 for all new accounts - a whopping 63% increase. Inflation has no limits for Tradovate.
Greedflation: Is Greed the Cause of Inflation? By Luis Pedro Mendizabal on July 28, 2022 https://trends.ufm.edu/en/article/greedflation-greed-cause-inflation/ A new theory of inflation has emerged: greedflation. It suggests inflation is based on corporate greed, and it is a favorite of Democratic politicians......
Since I have been with them before the increase, my commissions have stayed the same, not sure why they wouldn't for you if you have been with them for awhile. They put an email out to reflect this, and I am pretty sure it is on their website.
My old account is still the lower rate, however, I opened new IRA accounts with them that are now hit with higher commissions, not to mention the fact that they quadrupled their margin requirements on IRA accounts without notice too. That is why I have to leave Tradovate for good.