The difference Between Rithmic and Tradovate when choosing your Apex Trader Funding account is outlined in this article, read on, and we hope this helps with making your decision!
Apex Rithmic vs Tradovate
Deciding which apex account to go for, be it Rithmic or Tradovate will depend on what’s important to you. Let’s hit the basics straight away, Tradovate is a nice user friendly experience, while Rithmic offers some more advanced features around risk and settings.
If you don’t know what Apex Trader Funding is, read more here.
What is the best value, Rithmic or Tradovate?
Tradovate costs a little more, but is probably the easier option. Rithmic is cheaper, and has better risk management features. This video outlines the best account pricing, risk and other features since they are not all scaled equally.
Rithmic for Apex
Rithmic offers a range of tools and features that allow you to manage your account from a computer program you need to install.
You can see a range of accounts (if you ahve more than one Apex account), set stop losses and automations in terms of closing orders.
Rather trade on Autopilot?
This might be more up your alley, simple trading robot that requires no technical setup.
Tradovate for Apex
Tradovate offers an online browser based platform experience which is easy to set up and enjoyable to use. It is also accessible on a mobile device which makes it easy to monitor your positions away from the computer.
Tradovate Setup Tutorial
For a tutorial on setting up the Tradovate for apex, where you need to link it to the Ninjatrader, check out this page.
What is Tradovate
Tradovate is an online platform that is similar to Tradingview. It was bought out be Ninjatrader, and Tradovate can link to ninjatrader platform which is downloadable.
Tradovate allows users to trade via a device or on the computer.
What is Rithmic
Rithmic is a platform that links accounts and allows you to trade multiple Apex accounts at once.
The best features of Rithmic could be that they have excellent risk management settings. The user experience is a little clunky, so comparitively the Tradovate experience is much easier and better to look at.
How to Set Up Rithmic for Apex
Setting up Rithmic is a little bit of a pain at first, but following these instructions should help you get through it fast.
Rithmic Settings for Apex Trader Funding
The Gateway to use is Chicago area, if you change this to your closest geological area it doesn’t work.
NinjaTrader Connection Setup for Apex Trader Funding
Once in Ninjatrader, click Connections, then configure. If you’ve done this before, make sure you click on the connection you set up (My NinjaTrader etc.) to connect your account after logging in.
Double click on the “Available” one that relates to your account. Either Rithmic for Ninjatrader brokerage (for rithmic) or Ninatrader (for Tradovate). This will allow you to input your logins to connect your account.
Benefits of Rithmic Over Tradovate's NinjaTrader
For those working with platforms like Sierra Charts, Jigsaw and other platforms for charting, trading and reading data, Rithmic may be the better option, as it will integrate into these platforms.
On another note, it may be less buggy to work with Rithmic according to several complaints on places like Reddit.
Also, the speed of transactions may be faster, purely based on what others have said. I have not noticed any speed difference that has impacted my trading.
Benefits of Tradovate Over Rithmic
Tradovate is easy to set up and use making it great for those who aren’t super tech savvy or patient with tech. Getting the right settings and linking platforms like Rithmic to Ninjatrader isn’t always easy.
Tradovate allows for a simple browser based access to the trading platform, with no need to interconnect a range of platforms to each other.
Tradovate can easily connect to TradingView, which is a popular choice among traders.
Benefits of Rithmic
Key benefits of Rithmic Trading Platform include: Extremely low latency making for faster trade execution and data feed updates.
Risk management policy and controls through R Trader.
Ability to develop indicators
Ability to stream data into a spreadsheet if you choose.
Intuitive Order Management
Benefits of Tradovate
Tradovate is easy to use, browser based and works on mobile too. For anyone wanting to simply dive in and trade their account, Tradovate is a great option for Aprex Trader Funding or TradeDay.
Tradovate vs Rithmic
Tradovate vs Rithmic and the difference between the two is clear. For traders needing fast execution above all, Rithmic is probably the better choice. For those who hold positions a little longer and aren’t concerned about losing a few milliseconds of speed from a trade, Tradovate is a far easier option to go with.
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