It is worth bearing in mind that the platform’s functionality varies depending on the type of license. For example, with the Lease License you can access all core functions including charting, market analysis, paper trading, as well as automated trading, automatic stop-loss orders and much more. While NinjaTrader offers a mobile trading platform, it has mixed reviews in Google Play and the App Store.

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. If you are a Mac user, you can run the trading software using a multi-boot utility like Apple Boot Camp. TradeStation is an investment platform offering multiple investment options, including futures trading. It also offers stocks, ETFs, options, mutual funds, and cryptocurrencies.

For everyone else, however, this software offers too many features you don’t need and relatively few of the features you do. A leading futures broker with all the tools you need for technical analysis, charting price movements, and placing trades. Since it’s only designed for futures trading, you’ll need to use a different broker for any other types of investments. The free platform is sufficient for new traders with more advanced tools available as need such as semi-automated execution. NinjaTrader’s best stocks to day trade low commissions and fees, free tools, and an active community forum will work to any trader’s advantage.

These consist of a set of specific rules you create to manage a group of stop-loss and profit target orders to operate on all or part of an open position. If you want to access some of its more advanced capabilities, you can either lease the software starting at a quarterly basis or purchase a Lifetime license, which includes free upgrades for life. Compare NinjaTrader with the top 3 similar brokers that accept traders from your location.

TradingView vs NinjaTrader

Novice future traders can also use the platform’s simulated trading features and backtesting to test strategies. Besides advanced charting and market depth tools, there are limited resources for research or insights within the platform. As we have already noted, NinjaTrader is oriented toward a niche of investors focused on active futures and forex trading. From that perspective, the NinjaTrader platform has all the tools and features it needs to be successful. The platform, indicators, and other features are customizable at a very granular level, which is important for active or professional traders.

Mobile App

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. NinjaTrader’s online support team excels in prompt replies with inquiries addressed within 15 minutes during market hours. An active user community interacts directly with the NinjaTrader support team in their User Forum.

How Much Does NinjaTrader Cost?

NinjaTrader are monitoring demand for a Mac version of the platform, and one may be developed, but as yet, there are no plans to do so. The firm’s offering also extends to trade performance tools, plus market and strategy analysers. Users also have extensive data feeds, indicator lists, intelligent programming capabilities, plus a reliable support forum. NinjaTrader is an open-source system, much like the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platform.

For futures trading you can open a brokerage account with Dorman Trading or Phillip Capital. Generally speaking, the fees and commissions charged by NinjaTrader are relatively low which makes it a great match for active day traders. Charting, analysis and simulated trading are all free on NinjaTrader so long as you set up a funded account with their brokerage. This requires a minimum balance of $400 for a futures account and $50 for a forex account. We recommend comparing brokerage options to ensure the account you’re selecting is Linux for Network Engineers the best fit for you.

Is NinjaTrader only for futures?

There are, of course, some limitations, namely the program can take a while to get familiar with, particularly for beginners. Although, if using NinjaTrader brokerage, you can access your account on the go using CQG Desktop. Trade simulator reviews speak highly of this service and it isn’t hard to see why. Aspiring scalpers can hone their craft on Heiken-Ashi charts, whilst having access to playback functions, market and volume profiles, and more. NinjaTrader provides 24/5 and weekend technical support, along with a 24-hour trade desk for emergencies and live orders.

Furthermore, you can also submit questions or request and receive a fast response from the support team in a matter of minutes. Crude Oil FuturesCrude oil futures are highly liquid contracts that allow traders to speculate directly on the price of crude oil. It serves as the cornerstone of the energy complex attracting traders of all sizes. As an interface, you can build this software to meet just about any of your needs, whether you are a high-volume equities day trader or a long-term analyst who mainly needs to keep an eye on the market. This makes it ideal for specialty traders, those who have a particular niche and need a piece of software that they can customize around that work.

Furthermore, the withdrawal fee for a domestic wire transfer is $30, while the fee for international wire transfers is $40. In terms of search functionality this is great too as it is simple and user-friendly. To add new assets to the instruments list simply type the name in the search bar or browse through the relevant asset categories. Gasoline FuturesGasoline futures are an important energy market that can be influenced by economic conditions, making it an efficient way to trade price fluctuations in gasoline. Finally, investors can use NinjaTrader to simulate trading (“paper trading”) for free. This allows you to learn and use the system, with data provided by NinjaTrader.

NinjaTrader Fees

1. The brand is a privately held company, owned & operated by NinjaTrader, LLC, an affiliate company to NinjaTrader Brokerage.
2. NinjaTrader features a wide range of technical analysis functions that can be useful for those starting out with demo trading — especially if you want to learn how to trade futures.
3. In terms of search functionality this is great too as it is simple and user-friendly.
4. NinjaTrader has its flagship advanced trading platform for Windows-based desktop computers.
5. Monthly data fees are required with a full market depth option, or you can get top of book data for reduced fees.

Thinkorswim shines with its fully integrated trading experience across desktop, web and mobile. The mobile app is particularly intuitive, offering nearly all the features of the desktop version, making it ideal for traders who need flexibility and accessibility. NinjaTrader’s desktop platform is its crown jewel, offering unparalleled customization and advanced tools. However, fleetcor will test ripple as payments tool for business clients it lacks a dedicated web and mobile trading app, which may limit flexibility for traders on the go. NinjaTrader is primarily used for active trading, particularly in futures and forex.