NinjaTrader has various commissions and fees for using the platform, including platform fees, trading fees, margin interest, order routing fees, and withdrawal fees. If you want access to other assets, such as Forex, contract for difference (CFDs), or stocks, you will need to connect NinjaTrader to a third-party broker, such as Interactive Brokers. This integration allows you to use NinjaTrader’s tools while trading assets through a trusted broker. Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries.
Traders can sign up for NinjaTrader trading once types of charts in technical analysis they choose a broker that supports this trading platform. You can even get started by choosing your picks on the NinjaTrader. However, first, you would need to choose the underlying assets you wish to trade.
Key Considerations for Account Selection
Traders can stay updated on promotions through NinjaTrader’s official website. ✔ Response Times – Live chat and phone support provide immediate assistance, while email responses typically take a few hours on business days. Select the appropriate account type based on your trading preferences and eligibility.
What is NinjaTrader, and who is it best suited for?
Overall, customer sentiment for NinjaTrader is positive based on online reviews and feedback. On Trustpilot, it earns 4.6 out of five stars based on over 700 reviews as of April 2024. Customers appreciate the level and quality of service and the platform’s advanced features, user-friendly interface and extensive customization options. With NinjaTrader’s free futures trading simulator, you can test new trading ideas and access unlimited simulated trading.
NinjaTrader has long been a top choice for futures traders, offering advanced charting, automation, and analytics across web, desktop, and mobile. The platform connects with over a dozen providers, including its own licensed futures brokerage, giving you the flexibility to choose the best execution and data services for your strategy. NinjaTrader is a powerful and feature-rich trading platform designed for futures and forex traders. With its advanced charting, automated trading capabilities, and cost-effective commissions, it is widely used by active traders and professionals. NinjaTrader, established in 2003, is a prominent trading platform specializing in futures and forex markets. Headquartered in Denver, Colorado, USA, it has garnered a substantial user base exceeding 1.9 million traders globally.
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. The free version, which is included with all brokerage accounts is how much money can you make trading forex a great starting platform for new traders without the financial commitment. As you grow in your trading and are ready for more tools and functionality, you can add more complexity. To access premium features, traders will need to sign up to a funded account.
Even if you consider yourself a non-techie, you can use thousands of 3rd party add-ons and all kinds of apps. The paid version of the NinjaTrader trading platform works with futures, Forex, CFDs, stocks, and currencies. One of the main benefits of using NinjaTrader is its flexibility and customization options. Traders can customize their workspace to suit their individual trading style and preferences. Additionally, NinjaTrader offers a wide range of third-party add-ons and indicators that can enhance the platform’s functionality.
- It supports many order types, has various indicators and has a highly customizable interface.
- International traders are also directly supported by dedicated Spanish, Russian and German brokerage service teams.
- For more details about Atomic Brokerage, please see the Form CRS, the Atomic Brokerage General Disclosures, and the Privacy Policy.
- His broker reviews are unbiased and independent, and his expertise is sought after for global FX conferences and speaking events around the world.
Market Resources
This is the platform’s most basic offering and covers only the key features needed for live trading. Fortunately, NinjaTrader does provide a suite of resources to help you get the most out of the terminal, from daily webinars to training videos, a blog, and help guides. There is also an active user community you can turn to for additional support. The terminal allows automatization of trading strategies in NinjaScript as well as third party applications. And importantly, advancements in machine learning have opened up a whole new world of automated trading.
Who Should Use NinjaTrader?
NinjaTrader is one of the most trustworthy and safe brokers in the industry. This NinjaTrader review of their pricing shows they have three pricing plans. We were introduced to NinjaTrader through a course on trading system building, which involves a lot of backtesting. Once you learn technical analysis, you can leverage the power of the software to build a trading strategy.
- The Advanced Trade Management (ATM) system offers a wide range of programmable trade strategies, with the ability to trigger multiple orders in quick succession.
- It’s important to understand how reduced intraday margins in futures trading work before starting to trade.
- The layout loads with floating windows by default, which can be clunky to manage until you arrange it how you like.
- Before investing, consider your investment objectives and the fees and expenses charged.
- However, both platforms are reliable and it comes down to your trading preferences.
- Live chat is available through the official website on weekdays only.
Advisory services through Atomic Invest are designed to assist clients in achieving a favorable outcome in their investment portfolio. For more details about Atomic Invest, please see the Form CRS, Form ADV Part 2A, the Privacy Policy, and other disclosures. NinjaTrader offers a futures-only individual retirement account (IRA).
There are multiple trade interfaces available, and you can place trades through the chart itself, using the “Super DOM” (order book trading), or through the “FX Board” for trading Forex. The Advanced Trade Management (ATM) system offers a wide range of programmable trade strategies, with the ability to trigger multiple orders in quick succession. These options allow you to customize your NinjaTrader experience based on your trading needs and budget. Feel free to ask questions of other members of our trading community.
How much does it cost to withdraw from NinjaTrader?
This is because the broker will only allow you to place trades if there is a minimum amount in your trading account. While using this payment method, a trader should note that the trading account should belong to him. No broker allows a trader to xm group review make payments using a third-party bank account.
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. Once you have built up your confidence, you can open a live trading account, funded with real capital. The core essentials NinjaTrader software package is available free of charge.
There are over 70 futures markets available, including equity indexes, agricultures, Forex, metals, energies, crypto, and more. And the Nano Bitcoin offering lets you trade Bitcoin Futures with no commissions and $25 margins. Coinbase Derivatives provides the data, and contracts are 1/100th the price of a Bitcoin. In this article, I dive into the features and tools of NinjaTrader to find out if this trading platform is worth the price tag.
Which Brokers Support NinjaTrader?
However, trading can get tough if you don’t know the step-by-step procedure to trade. NinjaTrader’s primary support language is English, and support for other languages is limited. International traders may need to rely on online translation tools or community forums. Since NinjaTrader also acts as a brokerage, it follows stringent compliance regulations, including anti-money laundering (AML) policies and Know Your Customer (KYC) verification processes. These measures ensure that accounts are legitimate and secure from fraudulent activities.
Integrated headlines are another nice touch if you’re an active trader, and they can be easily added to your workspace with a quick drag and drop. The layout system overall is highly modular, and its easy to snap tools into place. While it may appear simple on the surface, NinjaTrader can be customized beyond the default layout.