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. In 2018, java developer job description template the platform announced an integration with Coinbase to support cryptocurrency market data. The platform is robust with lots of tools and resources, and it takes some time to learn how to use all the features. Fortunately, NinjaTrader hosts free weekly webinars to help you get started.
NinjaTrader commissions
This gives you, the investor, the choice on where you execute your trades. The core essentials NinjaTrader software package is available free of charge. This is the platform’s most basic offering and covers only the key features needed for live trading. For live brokerage accounts, NinjaTrader uses CGC Continuum as its primary data provider. 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.
- NinjaTrader and the community’s ecosystem has a wide selection of educational videos, webinars, and documentation.
- The NinjaTrader 8 release was highly anticipated and has not disappointed.
- From evaluation services to bespoke platforms, NinjaTrader empowers you to innovate, excel, and build your edge.
- The NinjaTrader platform is designed with advanced users in mind and has a considerable learning curve.
- Where the monthly plan through Tradovate costs $99 per month just like with NinjaTrader, the lifetime plan through Tradovate costs $199 per month prepaid annually (or $2,388).
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. The NinjaTrader platform is geared toward active traders—not long-term investors. As a result, it doesn’t offer any portfolio analysis tools or reports that would help buy-and-hold investors make decisions about asset allocation or specific holdings. If you need access to more instruments, you can opt for the CME bundle, which includes CME, CBOT, NYMEX, and COMEX, for $30 per month. 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.
Can You Day Trade On The NinjaTrader Platform?
As a brokerage, NinjaTrader also offers access to a range of asset classes including futures, forex, and stocks. To evaluate brokers, difference between base and quote currency 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.
NinjaTrader Review 2024: Pros, Cons and Alternatives
Specific questions regarding brokerage accounts should be directed to your broker. The content and opinions expressed on this website are those of the individual authors and do not necessarily reflect the official policy or position of NT or its affiliates. Moreover, the platform hosts training sessions and workshops for beginners and experienced futures traders.
A limited amount of non-platform related educational content is on the NinjaTrader blog. All of NinjaTrader’s educational offerings can be accessed for free by anyone—clients and non-clients alike. TradeStation is a better option for investors who want to access a broader selection of investment options besides futures contracts. However, if you’re mainly focused on trading futures, NinjaTrader is the better choice.
Monthly Plan ($99 per month)
We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The platform delivers over 500 major enhancements including more configurability, data and should you buy uber stock performance upgrades and improvements to the alerting features. Additional user-led improvements are reportedly also in the pipeline. Since it was founded in 2003, the firm has expanded to support traders across the globe with offices in Denver, Chicago and Colorado, Illinois.
