All of NinjaTrader’s educational offerings can be accessed for free by anyone—clients and non-clients alike. 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.
However, if you’re mainly focused on trading futures, NinjaTrader is the better choice. NinjaTrader is an independent software platform that holds a multi-broker license. The software is compatible with and supported by a range of online brokers globally. This gives you, the investor, the choice on where you execute your trades. The platform interface offers high-level customization, including backgrounds, fonts and bar spacing. Users can also insert technical indicators and drawing tools as well as change overall chart layouts.
Intraday margin
Regarding futures trading, TradeStation offers traditional futures contracts and mini-futures. Like NinjaTrader, TradeStation offers a range of trading tools and features, such as simulated trading, lexatrade review backtesting, and charting. To evaluate brokers, we test the accounts, trading tools and services provided. Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
Advanced Traders
When it comes to trading, every dollar counts – especially when those dollars are tied up in data fees. NinjaTrader is a favorite among day traders and active investors, but its data fee structure can be as nuanced as your latest Fibonacci retracement. We’ll dive into how NinjaTrader’s data feeds work, their pricing and how they compare to competitors. Keep reading if you’ve ever wondered whether NinjaTrader is worth the investment. The free version, which is included with all brokerage accounts is a great starting platform for new traders without the financial commitment.
The platform boasts excellent charting, real-time analysis, customizable technical indicators, Chart Trader (a chart-based order entry tool), and thousands of apps and add-ons from 3rd-party developers. NinjaTrader’s customizable data feeds cater to various traders, offering competitive rates for advanced features. While the costs can add up, especially for professionals, the platform’s flexibility and precision make it a top choice for serious market participants. For beginners, the free trial provides a risk-free introduction to its capabilities.
Compare to Similar Brokers
In addition, the platform offers unlimited support, daily training opportunities, and 24-hour customer support. 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. To access NinjaTrader’s brokerage services, the account minimum is $400 for a futures account but a forex account can be opened with no minimum deposit ($0). NinjaTrader is an online platform that can be used to trade a range of assets including forex, futures and stocks.
Robinhood Gold is offered through Robinhood Gold LLC and is a subscription offering services for a fee. Brokerage services offered through Robinhood Financial LLC (member SIPC), a registered broker dealer. We recommend comparing brokerage options to ensure the account you’re selecting is the best fit for you.
This is the platform’s most basic offering and covers only the key features needed for live trading. 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 delivers over 500 major enhancements including more configurability, data and performance upgrades and improvements to the alerting features. Additional user-led improvements are reportedly also in the pipeline.
NinjaTraders offers trading across diverse future markets worldwide. Available futures contracts difference between data and information include indexes, metals, energies, and cryptocurrencies. Day traders are well catered for with a wide range of tools and features on offer. NinjaTrader is an open-source system, much like the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platform. The difference is that whilst MT4 attracts mainly forex day traders, NinjaTrader is also popular amongst futures traders.
- NinjaTrader is regulated by the Commodity Futures Trading Commission (CFTC).
- NinjaTrader’s award-winning software caters to active traders seeking advanced technical analysis and charting options.
- The platform boasts excellent charting, real-time analysis, customizable technical indicators, Chart Trader (a chart-based order entry tool), and thousands of apps and add-ons from 3rd-party developers.
- Traders who purchase a lifetime license also get the Order Flow feature set which comes with free platform upgrades for life.
- While the app doesn’t use the NinjaTrader platform, it offers an intuitive interface with real-time quotes, charts, and analytics.
- The mobile app interface is difficult to navigate if you’re a newcomer to futures trading.
NinjaTrader at a glance
NinjaTrader supports partial and fully automated trading strategies. 1000+ unique automated strategies are available through the platform, covering a range of trading styles. Our partners cannot pay us to guarantee favorable reviews of their products or services. NinjaTrader provides 24/5 and weekend technical support, along with a 24-hour trade desk for emergencies and live orders. Live chat help is available on weekdays on the NinjaTrader website, and the response times were reasonable. Visit NinjaTraders Contact Us review capital in the twenty-first century page to call, email, or submit a support request.
These include daily training webinars designed to educate new users on the powerful tools available, hundreds of on-demand training videos, help guides and an informative YouTube channel. For example, sophisticated order types known as automated trade management (ATM) strategies are included in the Trader + feature suite. 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. In addition, the broker offers competitive spreads and a high-speed execution service for forex currency pairs. Motley Fool Money is a Motley Fool service that rates and reviews essential products for your everyday money matters.