NinjaTrader Review 2024: Pros, Cons, Fees & More

There are plenty of brokers that offer futures trading and stock trading. If you’re looking for an affordable place to start futures trading, NinjaTrader doesn’t have any minimum deposit requirements. It also has lower https://forexarena.net/ margins than many futures brokers, starting at just $50 for intraday margins on micro contracts. NinjaTraders is a competitively-priced trading platform offering multiple pricing plans catered to different styles and budgets.

Mobile and Emerging Tech

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. They also host daily live training webinars, have hundreds ninjatrader review of on-demand training videos, and more.

Advanced Traders

All the usual order types are supported and automated trading is available through NinjaTrader’s ATM Strategies or the C#-based trading framework. The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters. Trades of stocks, ETFs and options are commission-free at Robinhood Financial LLC. But if you want to trade anything other than futures, consider a different investment platform than NinjaTrader, such as one of the best online brokerages.

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The free platform is sufficient for new traders with more advanced tools available as need such as semi-automated execution. NinjaTrader’s low commissions and fees, free tools, and an active community forum will work to any trader’s advantage. Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site.

There is also an active user community you can turn to for additional support. Traders can quickly access fully automated services through the ‘point and click’ construction which is suitable for non-programmers. Alternatively, the C# based trading framework is available for more experienced investors. The platform interface offers high-level customization, including backgrounds, fonts and bar spacing.

1. The platform offers direct access to multiple futures exchanges, real-time data feeds and automated trading capabilities, making it ideal for high-speed and high-volume trading.
2. Live chat is available through the official website on weekdays only.
3. Since it was founded in 2003, the firm has expanded to support traders across the globe with offices in Denver, Chicago and Colorado, Illinois.
4. The same can be said for its trading margins — $50 intraday margins for micro contracts and $500 margins for popular futures markets.

You can further enhance the platforms capabilities by using custom apps built for NinjaTrader to personalize your trading charts and further focus your technical analysis. You can build your own or hire a freelancer to do it for you if you don’t have the programming skills. If there is a trading strategy idea that you have in mind, chances are that it can be made a reality in NinjaTrader. Kinetick is the preferred historical data provider and is optimized exclusively for use with the NinjaTrader platform. It can be used completely free for advanced charting, strategy backtesting and trade simulation. It offers multiple trading platforms, including for desktop, web, and mobile, and you can trade futures with any of them.

NinjaTrader uses CQG Continuum as its primary data provider for live brokerage accounts, although Rithmic is supported as well. Monthly data fees are required with a full market depth option, or you can get top of book data for reduced fees. When I logged on 8/2 and noticed it I called customer service they stated they cannot review past trades if I did not have a screenshot of the trades. I still cannot believe they cannot review prior day trades in 2024 with todays technology. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.

NinjaTrader is consistently voted an industry leader by the trading community. Through a unique combination of high-performance trading software, discount brokerage and real-time support, we empower traders to enter the futures markets. While NinjaTrader offers a mobile trading platform, it has mixed reviews in Google Play and the App Store. Users have complained about a clunky, frustrating user interface, as well as having difficulty placing trades and reviewing charts. You may be better off sticking with the web and desktop platforms, which get much higher marks from investors.

If you are specifically looking for educational content, tastyworks have a great selection. The trading platform offers an innovative market replay function which is useful for backtesting. On a tick-by-tick basis, users can download historical data, rewind to a specific day and interact as if it were live. The feature is great for general practice or when testing out a new strategy such as with Fibonaacci levels. A leading futures broker with all the tools you need for technical analysis, charting price movements, and placing trades.

This NinjaTrader review of their pricing shows they have three pricing plans. Aside from being hands-free, automated trading can greatly reduce the stress of day trading. If this interests you, start by visiting the NinjaTrader Ecosystem site. The “Order Flow +” and the “Trader +” premium features yield powerful benefits. To develop trading ideas, you must analyze and visualize the markets, order flow, volume, etc.

Some online brokerage platforms are best for beginners, while others are more fitting for more advanced traders. We evaluated NinjaTrader with a focus on how well it performs as a futures trading platform, as well as the past experiences of users. 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.

Finder.com is an independent comparison platform and information service that aims to provide you with information to help you make better decisions. We may receive payment from our affiliates for featured placement of their products or services. We may also receive payment if you click on certain links posted on our site.