First, this is a charting and market analysis platform that connects to third-party brokerages and lets you use their data. Second, this is an online brokerage that directly supports derivatives trading (futures and options) and foreign exchange. NinjaTrader https://forexarena.net/ is one of the older online investing platforms on the market. Its primary feature is a truly vast degree of customization, allowing users to create bespoke charts and swap plugins to create just the right data environment for their trading.
Better futures start now.
NinjaTrader is recognized for its unique combination of a high-performance trading platform, discount pricing and real-time support. Overall, I think NinjaTrader is a great choice for anyone who wants to trade futures on an industry leading platform with very competitive fees. You get access to a wide range of financial products and some excellent trading tools to help conduct detailed market analysis and find opportunities according to your own trading strategies. There are some handy guides and videos that can teach you how to get the most out of the vast array of features available in the platform. NinjaTrader is an online futures trading platform for experienced investors to trade traditional and alternative futures contracts with low commissions. You’ll get $50 a day for trading margins with NinjaTrader, discount pricing on contracts, flexible funding, and no minimum deposit requirement.
How to Open an Account on NinjaTrader
For live trading, you can use their free platform with all the essentials or choose a paid license level for more advanced features and lower commissions. The broker uses CQG (Continuum) for order routing by default but also supports order execution through Rithmic. Kinetick is also available as a free end-of-day market data source for stock, futures and forex data-optimized exclusively for use with NinjaTrader’s platform. NinjaTrader has its flagship advanced trading platform for Windows-based desktop computers. Other third-party platforms are supported and available by request. If you are a Mac user, you can run the trading software using a multi-boot utility like Apple Boot Camp.
NinjaTrader Futures Trading Costs on CME, Based on License Level
The NinjaTrader platform is geared toward active traders—not long-term investors. As a result, it doesn’t offer any portfolio analysis tools or reports that would help buy-and-hold investors make decisions about asset allocation or specific holdings. The platform is robust with lots of tools and resources, and it takes some time to learn how to use all the features. Fortunately, NinjaTrader hosts free weekly webinars to help you get started. Topics include connecting to data, one-click order entry, how to set up a workspace, basic chart creation, advanced settings, and strategy automation.
- You may be better off sticking with the web and desktop platforms, which get much higher marks from investors.
- The Bullish Bears trade alerts include both day trade and swing trade alert signals.
- The existence of a robust ecosystem of other users and professional developers will likely keep the flow of education and ideas fresh.
- NinjaTrader is an independent software platform that holds a multi-broker license.
- Therefore, you need to learn the ins and outs of these strategies.
If you’re not in the US and are searching for an alternative to ThinkOrSwim‘s well-liked charting capabilities, try NinjaTrade version 8. This NinjaTrader review of their pricing shows they have three pricing plans. The “Order Flow +” and the “Trader +” premium features yield powerful benefits. A simulated data feed inside NinjaTrader allows us to set the market direction.
For critical trade issues, NinjaTrader provides direct phone support for brokerage clients. International traders are also directly supported by dedicated Spanish, Russian and German brokerage service teams. The NinjaTrader platform provides a high-performance backtesting engine that allows users to test and verify futures trading strategies using historical data. A wide range of useful educational materials are available if you’re unfamiliar with its platform and wat to enhance your skills.
Our trade rooms are a great place to get live group mentoring and training. Once you know the basics of technical analysis, you’ll find NinjaTrader quite intuitive. There’s no charge for trade simulations, market analytics, advanced charting, and backtesting. NinjaTrader designed its platform so that apps and add-ons could be developed. All that to say in this Ninjatrader review is that they are a charting tool you should look into. Compare similar platforms by available asset types, trade fees and minimum deposit requirements.
The platform supports all the usual order types, including market, limit, stop market, and stop-limit orders as well as advanced OCO (one cancels other) orders. If you’re interested in automated trading, NinjaTrader’s ATM Strategies provide discretionary traders with semi-automated features to manage their positions. Alternatively, you can fully automate a strategy using a “point and click” construction for non-programmers, or by using NinjaTrader’s C#-based trading framework. Dave has been a part-time day trader and swing trader since 2011 when he first became obsessed with the markets.
He focuses primarily on technical setups and will hold positions anywhere from a few minutes to a few days. Over his trading career, Dave has tried numerous day trading products, brokers, services, and courses. He continues to test and review new day trading services to this day. NinjaTrader packs a powerful punch in the trading software arena. With its robust set of features, customization options, and direct market access, it is designed with the active trader in mind. Though it has a steep learning curve, the platform rewards those who invest the time to explore its depths with a truly comprehensive trading experience.
These factors include fees, securities available for trade, customer support, customer feedback, platform resources and overall reliability. Being a futures trading platform exclusively, you won’t ninjatrader review find other tradable assets. Therefore, NinjaTrader is limited to a select group of traders. Look elsewhere if you want to invest in stocks, options, ETFs or any other asset other than futures.
Once approved, you will need to deposit a minimum of $400 to begin trading, or you can use the free simulator. Phillip Capital and Doorman are registered brokers and regulated by the NFA and CFTC. Cash deposits are all FDIC insured (up to $250,000 per person), and securities are SIPC insured. But withdrawals by wire transfer may be expensive (up to $30 for domestic wire), and there is a $25 monthly inactivity fee assessed if you don’t place a buy and sell trade within the month. All investments involve risk and loss of principal is possible.
The platform and brokerage are both geared toward active futures and forex traders who need a solid technical analysis platform. NinjaTrader brokerage clients can use the companion CQG mobile app, available for both iOS and Android. While the app doesn’t use the NinjaTrader platform, it offers an intuitive interface with real-time quotes, charts, and analytics. It boasts easy-to-use trading and order management tools, advanced order types, dozens of indicators, and customizable charts styles and intervals. NinjaTrader will overwhelm new traders, and the charting and trading tools are best suited for those that have been trading for a while. That said, there is a huge library of training videos for users committed to learning futures trading.
With that said, you can trade forex CFDs on the NinjaTrader platform through partnered brokers, such as Forex.com. On the negative side, the range of deposit options and processing times trail the best forex brokers. Most alternatives offer a larger selection of payment methods, including e-wallets, with near-instant deposits. NinjaTrader provides direct market access, which is essential for traders looking to execute high-frequency trades.
We may also receive payment if you click on certain links posted on our site. If a brand is a referral partner, we’re paid when you click or tap through to, open an account with or provide your contact information to the provider. Partnerships are not a recommendation for you to invest with any one company. However, some negative reviews mention occasional bugs and glitches, as well as difficulties with applying, setting up and using the platform. NinjaTrader is not accredited by the Better Business Bureau (BBB) and currently holds a D- rating. He engages with several online communities and channels to keep up to date with industry developments and ensure that hos work reflects current market conditions.