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Besides providing the software. NinjaTrader is a registered NFA (National Futures Association) company and an introducing broker of brokers. like Phillip Capital or Dorman Trading. The introducing broker status means that your assets and cash are held with the broker. like Phillip Capital. but the platform. the fees. and customer support are provided by NinjaTrader.
In our review. we tested NinjaTrader’s platform and brokerage services through an account opened with Phillip Capital. Phillip Capital is a global broker. regulated by the top-tier financial authorities. such as the US Commodity Futures Trading Commission (CFTC) or the UK Financial Conduct Authority (FCA).
On the negative side. NinjaTrader’s withdrawal and inactivity fees are high. There is no mobile trading platform and the desktop platform is available only on Windows. The product portfolio covers only futures and options on futures. unless you connect an external brokerage account. such as an account with Interactive Brokers.
To get things rolling. let’s go over some lingo related to broker fees. What you need to keep an eye on are trading fees and non-trading fees.
NinjatTrader has three licenses you can choose from. In this review. we tested the ‘Free’ license. If you upgrade to ‘Lease’ or ‘Lifetime’ licenses. the trading fees are even lower.
Futures fees NinjaTrader futures fees are low for US stock index futures and very low for other futures products.
NinjaTrader stock index options on futures fees per contract Free license Lease license Lifetime license Commission $1. 19 $0. 89 $0. 59 Exchange & NFA fee $1. 25 $1. 25 $1. 25 Order routing fee $0. 10 $0. 10 $0. 10 Non-trading fees NinjaTrader has high non-trading fees.
No account fee at ‘Free’ license $720 annual/$425 semi-annual/$225 quarterly fees at ‘Lease’ license For a ‘Lifetime’ license. there is a $1. 099 single payment/$329 monthly payments for 4 months. This license is good for a lifetime There is a $25 monthly inactivity fee. if you log in to the platform. but don’t place any round trade (buy and sell).
Withdrawals have a high fee. too: $/€ 40 for international wire transfers and $30 for domestic wire transfers.
NinjaTrader Licenses NinjaTrader has three licenses. ‘Free’. ‘Lease’ or ‘Lifetime’. These licenses differ in commission. price. and functionality.
NinjaTrader is a powerful derivatives trading platform specializing in futures. forex and options. The platform has a number of unique trading tools. A free version does exist without the extra goodies provided by Trader + and OrderFlow + but users can still break down charts. backtest strategies and trade without upfront payment. NinjaTrader hosts its own brokerage services but users have their choice of several different brokerage options. Accounts have minimums depending on the securities traded and commissions vary depending on the version of the platform. Advanced derivatives traders will have endless fun with the platform’s mighty array of tools and analyzers.
The free version. which is included with all brokerage accounts is 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.
Commissions as low as $. 09 per Micro contractLow $400 account minimumLow day trading margins of $500 per contract for E-mini S&P 500 (ES). Nasdaq (NQ) and Dow Jones Industrial Average (YM) stock index futures contracts$1. 000 margins for Gold (GC) and Crude Oil (CL) futures contractsFree version of NinjaTrader platform included with all brokerage accountsThree platform license levels with varying feature sets and commission rates In addition. the broker offers competitive spreads and a high-speed execution service for forex currency pairs.
Table of contents [Hide] Who’s NinjaTrader For? NinjaTrader’s Platform and Tools NinjaTrader’s Research Tools NinjaTrader’s Commission and Fees NinjaTrader’s Security NinjaTrader’s Customer Support NinjaTrader’s Tradable Asset Classes NinjaTrader’s Ease of Use Final Thoughts Who’s NinjaTrader For? Futures Traders NinjaTrader’s brokerage services cater directly to futures traders. It’s the ideal destination for those both active and new. with unlimited free use for advanced charting. market analysis. and simulation trading.
Advanced Traders NinjaTrader’s state-of-the-art trading platform has a variety of features available across three license levels that allow traders to select the best fit for their trading approach. There are two upgrade feature sets available. Trader + and Order Flow +.
While advanced charting. market analysis. and simulated trading are included free for all users. licensing Trader + or Order Flow + gives you access to premium tools such as an enhanced SuperDOM. an advanced alerting system. semi-automated order execution. volumetric bars. and other sophisticated charting systems.
NinjaTrader’s Platform and Tools NinjaTrader has their flagship advanced trading platform for Windows-based desktop computers. Other third-party platforms are supported and available by request. If you are a Mac user. you can run the software using a multi-boot utility like Apple Boot Camp.
The broker uses CQG (Continuum) for order routing by default but also supports order execution through Rithmic. Kinetick is also available as a free end of day market data source for stock. futures and forex data optimized exclusively for use with NinjaTrader’s platform.
If you want to access some of its more advanced capabilities. you can either lease the software starting at a quarterly basis or purchase a Lifetime license. which includes free upgrades for life.
The advanced tool sets are where NinjaTrader really shines. 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.
