Reported as a scam / unregulated
Why tradovate is on the register
Tradovate claims to be operated by NinjaTrader Group LLC and references oversight by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC) . However, our checks show that while NinjaTrader Group LLC appears in the NFA’s registration database, it is explicitly listed as not an NFA Member , meaning it does not hold an active NFA license to offer regulated trading services. Besides, there is also no record of authorization from the CFTC for retail forex or derivatives trading. In effect, Tradovate operates without a valid license for forex or other financial instruments in USA . Therefore, tradovate appears to be a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.