Comparison · checked 12 Oct 2026
Rithmic vs Tradovate Prop for prop firms.
Side by side from each vendor’s own pages: what each is, published pricing, markets, platforms, launch claims and how many prop firm sites show it. Then a verdict by use case, without scores or invented weaknesses.
Disclosure: PipValley builds websites for prop firms and isn’t affiliated with the vendors on this page, except PropSuite, our labelled technology partner. Facts are from each vendor’s own pages or named press, checked 12 Oct 2026; prices are quoted as published.
Rithmic vs Tradovate PropChecked 12 Oct 2026
- Rithmic
- Quote only · Index 25 of 529
- Tradovate Prop
- Quote only · Index 14 of 529
- Markets
- Rithmic: Futures · Tradovate Prop: Futures
- Capital
- Rithmic: software · Tradovate Prop: software
01Side by side
Rithmic and Tradovate Prop, fact by fact.
Rows where neither vendor publishes anything are left out. Superscripts link to each vendor’s sources at the foot of the page.
| Fact | Rithmic | Tradovate Prop |
|---|---|---|
| What it is | Rithmic provides broker- and FCM-neutral futures market data, order routing and server-side risk management that funding evaluators (prop firms) use behind many third-party trading front ends.12 | Tradovate Prop is a futures trading platform for prop traders, offered through partner prop firms and run by NT Technologies, an affiliate of Kraken-owned NinjaTrader Group.15 |
| Type | Futures data and order routing, Futures platform12 | Futures platform, Trading platform15 |
| Company | Rithmic, LLC13 | NT Technologies, LLC (affiliate of NinjaTrader Group, LLC)16 |
| Parent / owner | Not published | NinjaTrader Group, LLC, owned by Payward, Inc. (Kraken)53 |
| Headquarters | 1 Ramland Road, Orangeburg, New York 10962, USA3 | Not published |
| Founded | 2006 (Pearl River, New York)3 | Prop brand launched 1 October 20251 |
| Markets | Futures12 | Futures5 |
| Platforms | R | Trader Pro, NinjaTrader, ATAS, Bookmap, MotiveWave, MultiCharts, Jigsaw Trader, Agena Trader, Optimus Flow4 | Tradovate, TradingView5 |
| Delivery model | API, SaaS1 | SaaS1 |
| Published pricing | Quote only1 | Quote only5 |
| Pricing note | No prices for prop firms or institutions published; businesses are directed to contact Rithmic.1 | No B2B pricing for prop firms published; trader-facing promotions only.5 |
| Risk and capital | Risk rules run server-side between the exchange and the trader's platform, so a disconnected trader is still subject to the firm's rules; auto-liquidated accounts are locked to Admin Only. The prop firm configures the rules; no statement on payout risk.2 | Platform provides trader-side risk controls; evaluations and funding are run by the partner prop firm. No statement on payout risk.15 |
| Builds marketing sites | No. Infrastructure vendor; no marketing-site product found.1 | No. No marketing-site or white-label product for firms found; firms are listed in Tradovate Prop's own directory.5 |
| Integrations listed | CME, EUREX, Nasdaq2 | TradingView5 |
| PipValley Index | Rithmic: 25 of 5296 | Tradovate: 14 of 5297 |
| Status | Active | Active |
02Verdict by use case
Which one, for which founder.
Each verdict follows from a published fact on both sides. Where the facts don’t separate them, it says so.
You want a published price to budget against
Neither states it
Rithmic: quote only. Tradovate Prop: quote only. As published, checked 12 Oct 2026.
You run futures challenges
Either
Rithmic lists Futures; Tradovate Prop lists Futures.
You want a name traders already see at other firms
Rithmic
PipValley Index, 12 Oct 2026: Rithmic 25 of 529 firm sites; Tradovate Prop 14 of 529. A count of firms that show it, not customers.
You want the vendor to build your marketing site
Neither states it
Neither sells marketing sites. PipValley builds prop firm websites wired to either one.
03Your website
Either way, you need the site.
Rithmic doesn’t sell marketing sites; Tradovate Prop doesn’t sell marketing sites. PipValley designs and builds prop firm websites and wires them to whichever you choose: checkout links per plan and size, the challenge table, login, legal pages and affiliate tracking. Full write-ups: Rithmic, Tradovate Prop.
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- Rithmic alternativesAlternatives
- Tradovate Prop alternativesAlternatives
- Prop firm trading platformsCategory
- Futures prop firm softwareCategory
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- Rithmic, Tradovate or Volumetrica for a Futures Prop FirmGuide
- How to start a futures prop firm:Launch guide
- Why Do Futures Prop Firms Charge Monthly Fees?Guide
04FAQ
Rithmic vs Tradovate Prop: questions.
What is the difference between Rithmic and Tradovate Prop?
Rithmic provides broker- and FCM-neutral futures market data, order routing and server-side risk management that funding evaluators (prop firms) use behind many third-party trading front ends. Tradovate Prop is a futures trading platform for prop traders, offered through partner prop firms and run by NT Technologies, an affiliate of Kraken-owned NinjaTrader Group.
Which is cheaper, Rithmic or Tradovate Prop?
Rithmic publishes no price list; pricing is by quote (no prices for prop firms or institutions published; businesses are directed to contact Rithmic). Tradovate Prop publishes no price list; pricing is by quote (no B2B pricing for prop firms published; trader-facing promotions only). Prices are on different bases, so compare them at your expected account volume and revenue.
Which is used by more prop firms, Rithmic or Tradovate Prop?
In the PipValley Index (529 prop firm sites crawled on 12 Oct 2026), 25 show Rithmic. In the PipValley Index (529 prop firm sites crawled on 12 Oct 2026), 14 show Tradovate. These count firms whose public pages show each vendor, not customers.
Which trading platforms do Rithmic and Tradovate Prop support?
Rithmic: R | Trader Pro, NinjaTrader, ATAS, Bookmap, MotiveWave, MultiCharts, Jigsaw Trader, Agena Trader and Optimus Flow. Tradovate Prop: Tradovate and TradingView.
Do Rithmic and Tradovate Prop support futures?
Rithmic lists Futures; Tradovate Prop lists Futures.
Who carries payout risk on Rithmic and Tradovate Prop?
Rithmic: Risk rules run server-side between the exchange and the trader's platform, so a disconnected trader is still subject to the firm's rules; auto-liquidated accounts are locked to Admin Only. The prop firm configures the rules; no statement on payout risk. Tradovate Prop: Platform provides trader-side risk controls; evaluations and funding are run by the partner prop firm. No statement on payout risk.
Can you use Rithmic and Tradovate Prop together?
Neither lists the other among its platforms or integrations (checked 12 Oct 2026). Ask both vendors before you plan on it.
Do Rithmic or Tradovate Prop build prop firm websites?
Rithmic: no. Tradovate Prop: no. PipValley designs and builds prop firm websites that connect to either.
Who is behind Rithmic and Tradovate Prop?
Rithmic: Rithmic, LLC; 1 Ramland Road, Orangeburg, New York 10962, USA. Tradovate Prop: NT Technologies, LLC (affiliate of NinjaTrader Group, LLC); NinjaTrader Group, LLC, owned by Payward, Inc. (Kraken)
What do Rithmic and Tradovate Prop claim?
Rithmic: They say order routing latency is sub-microsecond. They say infrastructure scales from 4 accounts to 40,000 or more for funding evaluators, FCMs and brokers. Tradovate Prop: They say it is the #1 platform for prop traders. They say it is designed for 99.9%+ uptime. Their own statements, not verified outcomes.
05Sources
Every fact, linked and dated.
Both vendors’ sources, read on 12 Oct 2026. Numbers restart for each vendor.
Rithmic sources
- 01Rithmic: HomeVendor page · checked 12 Oct 2026
- 02Rithmic: For Funding EvaluatorsVendor page · checked 12 Oct 2026
- 03Rithmic: AboutVendor page · checked 12 Oct 2026
- 04Rithmic: Compatible platformsVendor page · checked 12 Oct 2026
- 05Rithmic: Prop firms ecosystemVendor page · checked 12 Oct 2026
- 06PipValley Index crawl, 12 Oct 2026PipValley Index · checked 12 Oct 2026
Tradovate Prop sources
- 01NinjaTrader: NT Technologies launches new platform experience for prop traders under new brandsVendor page · checked 12 Oct 2026
- 02Finance Magnates: Kraken-owned NinjaTrader jumps into prop trading with two tech platformsPress · checked 12 Oct 2026
- 03Finance Magnates: Kraken completes $1.5B NinjaTrader acquisitionPress · checked 12 Oct 2026
- 04Business Wire: Kraken Completes Acquisition of NinjaTraderPress · checked 12 Oct 2026
- 05Tradovate Prop: HomeVendor page · checked 12 Oct 2026
- 06NinjaTrader Prop: Home (operator disclosure)Vendor page · checked 12 Oct 2026
- 07PipValley Index crawl, 12 Oct 2026PipValley Index · checked 12 Oct 2026
Platform chosen, site next
Rithmic or Tradovate Prop. One site either way.
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