One of the main reasons to use NinjaTrader is the trading platform. It’s fast, which is especially important with futures, which involve active trading and investing with leverage. It has useful charting tools for technical analysis, thousands of apps and add-ons, and it’s fully customizable to fit your needs. For advanced futures traders looking for a platform that has it all, NinjaTrader is an excellent choice. NinjaTrader offers great-looking charts with excellent customization and functionality.
The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters. Editorial content from The Ascent is separate from The Motley Fool editorial content https://www.forexbox.info/ and is created by a different analyst team. Use our order flow visualization to identify buying and selling pressure and confirm market movement in a specific direction as trades unfold.
Traders who purchase a lifetime license also get the Order Flow feature set which comes with free platform upgrades for life. The trading platform offers an innovative market https://www.dowjonesanalysis.com/ replay function which is useful for backtesting. On a tick-by-tick basis, users can download historical data, rewind to a specific day and interact as if it were live.
Customize Your Futures Trading Platform
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. ACH deposits, incoming checks, and income wire transfers are all free. Integrate 1,000s of third-party add-ons or develop your own using our C# based development framework. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. Compare NinjaTrader with any other broker by selecting the other broker below.
- The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest.
- 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.
- Use our order flow visualization to identify buying and selling pressure and confirm market movement in a specific direction as trades unfold.
- Any downtime (scheduled or otherwise) will be reported on the Support forum.
- Designed for speed and ease of use, NinjaTrader’s SuperDOM (depth of market) empowers you to quickly analyze prices, place orders, and manage your positions to trade strategies with precision.
- The software is compatible with and supported by a range of online brokers globally.
As you grow in your trading and are ready for more tools and functionality, you can add more complexity. Charting, analysis and simulated trading are all free on NinjaTrader so long as you set up a funded account with their brokerage. This requires a minimum balance of $400 for a futures account and $50 for a forex account. One of the more useful offerings on NinjaTrader is its livestreams. It has livestreams before the markets open and close every weekday with commentary, analysis, and trading opportunities.
NinjaTrader’s low commissions and fees, free tools, and an active community forum will work to any trader’s advantage. The NinjaTrader platform provides a high-performance backtesting engine that allows users to test and verify futures trading strategies using historical data. A wide range of useful educational materials are available if you’re unfamiliar with its platform and wat to enhance your skills. NinjaTrader has its flagship advanced trading platform for Windows-based desktop computers. Other third-party platforms are supported and available by request.
The existence of a robust ecosystem of other users and professional developers will likely keep the flow of education and ideas fresh. NinjaTrader offers several weekly webinars and recorded videos intended to help you get the most out of the platform. 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. A great feature of the platform worth mentioning is the ability to place simulated trades, complete with an imaginary account and profit/loss summary. NinjaTrader can be reached by email, phone and an online support form for customer service.
Is NinjaTrader A Safe And Legit Service?
If you have experience trading with NinjaTrader please share your personal review of the broker and what you think are strong and weak points. Compare https://www.topforexnews.org/ the markets and instruments offered by NinjaTrader and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
The platform and brokerage are both geared toward active futures and forex traders who need a solid technical analysis platform. The platform supports all the usual order types, including market, limit, stop market, and stop-limit orders as well as advanced OCO (one cancels other) orders. If you’re interested in automated trading, NinjaTrader’s ATM Strategies provide discretionary traders with semi-automated features to manage their positions. Alternatively, you can fully automate a strategy using a “point and click” construction for non-programmers, or by using NinjaTrader’s C#-based trading framework.
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. Topics include connecting to data, one-click order entry, how to set up a workspace, basic chart creation, advanced settings, and strategy automation. NinjaTrader is one of the top brokers for futures and forex trading. The unlimited use of its free platform is a great way to get acclimated to NinjaTrader before deciding to trade live. NinjaTrader’s 3rd-party developer community, known as NinjaTrader Ecosystem, features thousands of 3rd-party apps and add-ons you can use with its trading platform.
For live brokerage accounts, NinjaTrader uses CGC Continuum as its primary data provider. The company also provides brokerage services to support both forex and futures traders with discounted pricing. In this 2024 review, we walk through the NinjaTrader 8 platform ecosystem. We unpack the range of features on offer as well as indicators, charts and demo accounts, plus compatibility with top brokers including NinjaTrader Brokerage.
Robinhood Gold is an account offering premium services available for a $5 monthly fee. Additional interest charges may apply depending on the amount of margin used. Bigger Instant Deposits are only available if your Instant Deposits status is in good standing. NinjaTrader and the community’s ecosystem has a wide selection of educational videos, webinars, and documentation. Vendors provide much of the education, which includes promotional material for vendor systems, add-ons, and plugins, but we didn’t see this as a negative.
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.
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Once you open your account, you can sharpen your trading skills in our FREE futures trading simulation. Equipped with professional market data, our trading simulator will empower you to join the live futures market with confidence. 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.
You can sign up for a NinjaTrader brokerage account, or one of its partner brokers, on the NinjaTrader website. NinjaTrader brokerage clients can use the companion CQG mobile app, available for both iOS and Android. While the app doesn’t use the NinjaTrader platform, it offers an intuitive interface with real-time quotes, charts, and analytics. It boasts easy-to-use trading and order management tools, advanced order types, dozens of indicators, and customizable charts styles and intervals.
NinjaTrader’s modern-design quotes allow traders to clearly see the state of the market, rapidly analyze the data, and act quickly to make an informed trading decision. 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 page to call, email, or submit a support request. 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.