The brand offers a sophisticated trading platform with multiple charts and a range of features including market data services. Thousands of third-party apps, as well as add-ons, allow for customization, fast order execution, and advanced market analysis. Tradovate is a futures trading software company focusing on this type of investing without offering other options or trying to be a “one-stop shop” for investors. As one of the best commodity trading apps, NinjaTrader is best suited for seasoned investors who can use its robust trading tools and features.
Lifetime Plan ($1,
Costs are reasonable and there are free indicators and resource options available. Free customizable futures trading charts, simulated trading, live market streams, market trackers, and leveraged analytical tools are just some of the advanced charting tools in NinjaTrader. The platform also offers micro futures and E-minis, which makes it possible for folks just to get started with futures trading to access these investments at a lower cost. NinjaTrader is a futures trading platform offering affordable and accessible trading for sophisticated, active traders.
Trading Restrictions
Besides advanced charting and market depth tools, there are limited resources for research or insights within the platform. As we have already noted, NinjaTrader is oriented toward a niche of investors focused on active futures and forex trading. From that perspective, the NinjaTrader platform has all the tools and features it needs to be successful. The platform, indicators, and other features are customizable at a very granular level, which is important for active or professional traders. Again because NinjaTrader is primarily a futures and forex brokerage, financial statements, news, and economic data that you might find in other professional platforms are missing. While the technical data is comprehensive, you’ll have to use another resource for fundamental information if you need that type of analysis.
User Reviews
Overall, the trading platform could help yield greater profits for the right investor. There are, of course, some limitations, namely the program can take a while to get familiar with, particularly for beginners. They also lack a native iPhone or iPad app, or Android equivalent. Although, if using NinjaTrader brokerage, you can access your account on the go using CQG Desktop.
It has a long history and a strong reputation in the industry. The brokerage is also overseen by the NFA and CFTC, two highly respected regulators. Our team doesn’t consider this a serious drawback – financial incentives are often prohibited by regulators and come with restrictive withdrawal conditions. Finally, there is an in-depth blog with how-to guides, useful updates on the market and some trading tips.
- The NinjaTrader platform is ideal for active traders who want lots of technical analysis tools.
- NinjaTrader can be used with TD Ameritrade, FXCM, Interactive Brokers, MB Trading, Forex.com, OANDA, and City Index.
- 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.
- Available as an add-on for $59 per month, the tool allows you to identify buy and sell pressure to confirm market movement.
How To Open An Account
Furthermore, the withdrawal fee for a domestic wire transfer is $30, while the fee for international wire transfers is $40. Gasoline FuturesGasoline futures are an important energy market that can be influenced by economic conditions, making it an efficient way to trade price fluctuations in gasoline. There is no guarantee that you will make money with this provider. ForexBrokersOnline.com earns money from affiliation deals with our partners. Our partners cannot influence our reviews, nor can they pay us to bias our rankings. On the negative side, the withdrawal fees are higher than many alternatives and the demo account expires after just two weeks.
You have the option to trade stocks instead of going the options trading route if you wish. Our chat rooms will provide you with an opportunity to learn how to trade stocks, options, and futures. You’ll see how other members are doing it, share charts, share ideas and gain knowledge. NinjaTrader offers a free plan, a $99-per-month plan and a lifetime plan for a $1,499 one-time payment. The two paid plans offer reduced commissions for high-volume traders.
Lyle Daly is a personal finance writer who specializes in credit cards, travel rewards programs, and banking. He writes for The Ascent and The Motley Fool, and his work has appeared in USA Today and Yahoo! Finance. He was born in California but currently lives as a digital nomad with a home base in Colombia.
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. You won’t find a simpler, faster order form than on NinjaTrader, as the https://forexarena.net/ entire platform is designed with active traders in mind. NinjaTrader provides you with a decent selection of educational resources to help improve your overall trading knowledge and skills. These learning resources include unlimited daily training, learning articles, Trading 101, NinjaTrader news, and an FAQ section that answers some of the common questions that traders may have.
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. This may be one of the most customizable trading programs on the market today. 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.
If you have programming skills, you can build compatible software within its advanced C# based development environment. If you’re interested in trying out the NinjaTrader platform using futures data, you can register to get a free 2-week trial. Our content is packed with the essential knowledge that’s needed to help you to become a successful trader. If one day you decide to join the Algo trading revolution, there is a great likelihood that you will start by using a program like NinjaTrader. We aren’t there yet, but there is a lot of “algo” trading in the markets.
NinjaTrader has similar features as DAS Trader Pro and is easier to use than TradeStation’s desktop system. Such compensation does not influence the reviews, recommendations, or opinions ninjatrader review expressed here. However, it’s crucial to understand that investing carries inherent risks, and the use of any information found on this website is solely at your own risk.
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