Does This Platform Live Up To the Hype?

Leveraged product trading magnifies a trader’s potential profit – but of course, also increases the potential loss. This facility that enables traders to get a larger exposure to the market than the amount they deposited to open a trade, is called leverage. You can use only bank transfers and check to fund accounts or withdraw money. Although NINJATRADER doesn’t charge any deposit fee, your intermediary bank might charge if you send an international bank transfer.

You can also connect your best brokerage account to NinjaTrader using the real-time data feed of your broker. If you want to use NinjaTrader combined with a broker, you should make sure that you choose a compatible broker when comparing brokers. First, only NinjaTrader 7 can be used, while NinjaTrader 8 does not support that connection anymore. Also, you need to be aware that you cannot use the TradeStation data feed to trigger live-trades within NinjaTrader. That makes this solution an excellent choice for the trader that wants to test at a low budget and develop strategies without costs for exchange data subscription. NinjaTrader and the community’s ecosystem has a wide selection of educational videos, webinars, and documentation.

Nevertheless, NinjaTrader is registered with the National Futures Association, and as a result is permitted to provide introducing broker services for other brokers. NinjaTrader is lagging behind when it comes to payment methods, as the majority of brokers support payments via credit cards, debit cards, and e-wallets. It typically takes between one and two business days for deposits and withdrawals at NinjaTrader to be processed. While there are no deposit fees or fees for incoming checks or wires, the only available payment options are via bank wire transfer and checks.

Top Brokers For

The deposits and withdrawals that traders make on this trading platform are instant. These simple steps will allow the trader to enjoy the fruits of trading. Since you know the deposit and withdrawal process, it is crucial that you also know the minimum deposit and withdrawal amount.

• The platform’s brokerage only supports derivatives and forex trading.
• NinjaTrader is a globally known online trading platform and brokerage service suitable for beginner, professional, and active traders.
• NINJATRADER offers the NINJATRADER platform for active traders who want lots of technical analysis tools.
• WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.
• Ninja Trader brokerage services can be used for futures and forex trading.

The latter (automation) can be done from within NinjaTrader’s user interface. Algorithmic trading requires knowledge of the software’s C# coding language. As with MetaTrader, NinjaTrader can play out its exceptional strength with expert advisors. To use these strengths, you need a lot of experience with C# or a good programmer. In combination with the free version, this is a complete package that you can’t get around.

The broker you choose for trading on NinjaTrader will allow you to choose an account type for the same. For example, if a trader uses Phillip Capital to trade on NinjaTrader, he can choose between individual and corporate accounts. NinjaTrader has several trading tools and techniques a trader can implement while conducting trading analysis.

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. We were also unable to locate any information about lawsuits against the company, which is a positive sign for futures traders who are considering the platform or willing to give it a try. There is no minimum deposit required to use NinjaTrader, as it is a software platform and not a broker. Potential traders need to be enabled to do as much as possible research about speculative trading before commencing to do it and while trading with a specific brokerage.

The Ninja Trader platform will put you…

The NinjaTrader platform is a great match for anyone who wants to trade futures and gain access to helpful tools for market analysis, research, and training. This trading software has great trading fees, though they have higher rates for withdrawals and inactivity compared to others. NinjaTrader is a software-based trading platform based in the United States. They are known for their great desktop application, suited to more advanced traders, especially those active in the futures market. Additionally, users like using the NinjaTrader brokerage because of its low trading fees, some of the lowest in the industry. Once they deposit, traders gain access to plenty of trading tools, including charting, technical analysis, and live trading.

What is NinjaTrader?

Not only can you select the broker that you want to do business with, but your options for building the software and its data sets are truly vast. NinjaTrader offers well over 100 individual technical indicators that you can either track individually or combine into tables and charts based on your own, personal trading strategy. There are dozens of chart types to choose from and, if that isn’t enough, you can use NinjaScript to create your own indicators for the software to track. It offers two services, both available through the same platform.

Minimum withdrawal amount

The Lease Plan is $720/year or you can buy the Lifetime Plan for a one-time cost of $1,099. And to unlock more features (advanced orders, automation, market research, etc), you will need to upgrade to a paid account. If you like the platform, or have spent time developing custom tools to use on NinjaTrader, the Lifetime plan ($1,099) is the best option.

NinjaTrader offers a free account which gives you access to advanced charting, some market analysis, and a trading simulator. But in order to use the free account, you do need to make a minimum deposit of $400. It’s an exceptionally low-cost brokerage for trading futures, giving its clients the ability to purchase contracts for 1/10th of the price of most brokers. NinjaTrader also offers fully customizable and programmable trading tools, making it one of the most advanced futures brokers. In this article, I dive into the features and tools of NinjaTrader to find out if this trading platform is worth the price tag.

TradeStation is another investment platform that offers multiple investment options, including much more than futures trading. For example, you can use TradeStation to invest in stocks, ETFs, options, mutual funds, ninjatrader review cryptocurrency, and more. TradeStation also advertises that many of its investment options are commission-free. NINJATRADER act as an introducing broker of brokers like Phillip Capital or Dorman Trading.

The NinjaTrader platform is available in desktop, web, and mobile trading app versions. I think this is one of the best trading platforms available today. 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. The desktop platform facilitates full customizability as well as the option to incorporate thousands of different app add-ons. 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.