NinjaTrader Review 2023

WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data. To open a NinjaTrader account, you can sign up for free with your name and email address. You will need to create an online account, and then download the desktop software for trading. There are various fees for different types of products and services on the platform.

  • NinjaTrader provides 24/5 and weekend technical support, along with a 24-hour trade desk for emergencies and live orders.
  • Not only is it user-friendly enough for new traders, it has more than enough features and functionalities to satisfy the needs of the most demanding traders.
  • Lastly, you need to understand how futures trading works in the first place.
  • These handy tools include advanced live charts, live market data, thousands of third-party add-ons, trade desk calendars, and much more.

Given that the platform is built to trade futures, it’s more suitable for advanced traders. They also offer great trading tools like technical analysis tools and trading indicators that are customizable and help active traders get the most out of the NinjaTrader website. NinjaTrader Group, LLC together with its subsidiaries provides award winning trading software and brokerage services to active traders. They are an industry leading trading platform and futures broker with all of the resources you need to trade multiple financial instruments with relative ease.

NinjaTrader Review: Steps to Open an Account

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  • You must decide which markets and what positions limit that you would like to trade with the account.
  • With one-time costs of $1,099 plus possibly several hundred dollars per month for stock market prices, you should also have significant buying power within your brokerage account.
  • TradeStation also advertises that many of its investment options are commission-free.
  • The emergency trade phone number for where you are located can be found on the website.
  • A wide range of useful educational materials are available if you’re unfamiliar with its platform and wat to enhance your skills.

NINJATRADER is well-regulated by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC)in the United States. ➡️ Ethereum (ETH) is the second-largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform. This involves the trading of gold, silver, and other precious metals as hard commodities that are contract-based tradable. Equity or stock ninjatrader review indices can represent a specific set of the largest companies of a nation or they can represent a specific stock market. It is actual stock market indexes that measure the value of a specific section of a stock market. Forex trading, or currency or FX trading, involves the currency exchange market where individuals, companies, and financial institutions exchange currencies for one another at floating rates.

Account Usability and Tools

Encounters with unregulated brokers can cause traders a bad trading experience. These days, trading gets better only with the help of automation. To trade with profits, a trader needs such trading tools that are the best.

This means that clients’ assets and cash are held with the broker, but the platform, fees, and customer support are provided by NINJATRADER. This powerful tool provides extensive charting, real-time analysis, and a bunch of third-party apps. Also, the platform is free to use with a funded account, making it an appealing choice for traders on a budget. Apart from the platform subscription fees, certain data feeds, such as market depth data and Level II data, may require an additional cost. These data feeds can provide valuable insights for professional traders, but they come at an extra expense.

NinjaTrader Account Types

As a result, NinjaTrader has grown not only to offer advanced in-house features but also able to provide a library of thousands of other tools and add-ons. NinjaTrader is a unique futures trading platform that offers micro futures contracts which allows users to trade futures for 1/10th the cost of a normal futures contract. With $50 margins, NinjaTrader makes trading futures more accessible than other platforms. This may be one of the most customizable trading programs on the market today.

Account Types Offered

Due to its extensive features and customization options, NinjaTrader can be overwhelming, especially for beginners and traders transitioning from simpler platforms. New users may need time and effort to become familiar with the platform’s functionalities, charting tools, order execution, and automated trading features. So, traders can use this amount to place trades and make money on NinjaTrader. In today’s world, brokers offer plenty of options for funding their trading accounts.

This plan also comes with order flow and add-on included, which has the potential to lower additional trading fees as well. NinjaTrader offers the chance to trade futures on its desktop platform, yet it also has a robust mobile app that offers many of the same features and functions. The emergency trade phone number for where you are located can be found on the website. Commission and margin requirements are among the lowest in the industry. A $1 000 minimum initial deposit is required to fund a new account and commissions go as low as $.09 per micro contract with a lifetime license.

Day Free Trial

This collaborative environment provides learning opportunities and tries to help traders enhance their skills and trading performance. NinjaTrader excels in its support for automated trading strategies. Traders can try to create, test, and optimize their custom algorithms using NinjaScript, the platform’s  development environment. Whether you’re a seasoned programmer or a trader with limited coding experience, NinjaScript tries to allow you to build complex trading strategies without writing extensive code.

Pros and Cons of NinjaTrader

NinjaTrader offers 24/5 customer support and an emergency trade desk without additional trade fees. Support is available via email or phone, and technical support is even available via email on weekends. While there are standard trading fees, the Ninja Trader platform itself has a free version, so there is no extra cost to integrate with a supported broker. You just may end up paying an additional trading fee through the third-party broker, in addition to Ninja Trader fees.

International traders can also connect directly with dedicated Spanish, Russian and German brokerage service teams. It appears as if NinjaTrader offers great customer service and quick response times, even though they are not available 24/7. However, it still does appear that customers have good interactions with the customer support team. Continue reading below as we complete our NinjaTrader review for futures traders to reference when they’re choosing a trading platform. You can customize the charts and access a variety of chart types, so you can analyze market fads accurately. However, it’s worth noting that NinjaTrader does not integrate with MetaTrader platforms, a consideration for traders accustomed to MetaTrader’s benefits.

This NinjaTrader review will help you understand that this trading platform can fulfill your requirements. You can signup with NinjaTrader digitally and enjoy your trading experience. A trader can choose a deposit or withdrawal method depending on the duration he can wait for funds. Thus, if you need funds instantly, you can use the electronic wallet or cryptocurrency option. However, a bank transfer is the safest of all payment methods that any trader can use while trading. Once you submit all details, the broker might take a few days to verify your identity.

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