Futures Trading

The demo account is a good opportunity to familiarize yourself with the NinjaTrader brokerage platform, risk-free. Chart Trader also allows traders to modify and execute orders directly from the trading chart. 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. 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. Meanwhile, sell orders have you enter new short positions, add to one you already have, reduce an existing long position, or close a long position you already hold. For example, a „bid price” is the current highest price you may be willing to pay to execute a trade, whereas the „ask price” is the lowest possible price you would be willing to sell at.

Founded in 2015 by Rick Tomsic, Tradovate is headquartered in Ohio, United States. The main goal of this platform is to create a brokerage hub with optimized technology, seamless experience, and cost savings. In the latest update version, NinjaTrader has enabled users to download and utilize the software free of charge. NinjaTrader, on the other hand, is not listed on a major exchange and therefore does not publish its financials. Nevertheless, NinjaTrader is registered with the National Futures Association, and as a result is permitted to provide introducing broker services for other brokers. When it comes to customer services, you can contact the NinjaTrader customer support via telephone, Live Chat, email, and a support forum.

The partial and full strategy automation features are useful additions to the platform, and it’s possible to work with a NinjaScript programmer to design your own technical indicators and strategies. Of course, you can do this on your own if you have experience coding and want to learn something new. NinjaTrader is a unique futures trading provider, centralizing all the tools and services needed for both new and experienced traders to enter the global futures markets. To reduce commissions per trade, users can opt for monthly subscriptions for $99. Alternatively, you can purchase a lifetime license to gain access to other premium features for $1499. To open an account with NinjaTrader through a third-party broker simply head over to the NinjaTrader website and select the financial instrument you want to trade.

  1. At this point in our NinjaTrader review we have covered all the key metrics from fees and payments to safety and user experience.
  2. While the platform offers futures trading opportunities for seasoned investors, there are also tools and features for those getting started.
  3. Using a modern C#-based framework, you can develop custom indicators, strategies and apps, or use third-party add-ons to personalize your NinjaTrader desktop online futures trading platform.
  4. Please note, some markets may only be available via CFDs or other derivatives.
  5. When it comes to platform fees, the broker’s advanced platform and live data are available free of charge for use in a demo account.
  6. With a continuous flow of buyers and sellers in the futures markets, market orders can be executed swiftly.

The platform interface offers high-level customization, including backgrounds, fonts and bar spacing. Users can also insert technical indicators and drawing tools as well as change overall chart layouts. If you’re curious how NinjaTrader fees look overall, the platform does offer an „all-in fee guide” that outlines futures commissions for each of its plans based on the type of futures being traded.

Trading Technology

Instead, a retail-facing brokerage will likely have its own trading platform that investors can use. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. NinjaTrader offer a huge range of help guides, video tutorials and webinars, both for beginners, and also for advanced traders looking to get the most out of the system. There is also well informed customer support team, and lively user support forum. Any gaps in knowledge can be rectified using any or all of the above educational tools. NinjaTrader is an independent software platform that holds a multi-broker license.

NinjaTrader Review

While the platform offers futures trading opportunities for seasoned investors, there are also tools and features for those getting started. For example, NinjaTrader offers unlimited simulated futures trading, so newcomers can try out their strategies in real time and see how they do without putting their money on the line at first. These tools earn NinjaTrader a spot on our list of the best platforms for trading commodities. The platform also offers unlimited support and daily training options, as well as a 24-hour emergency trade desk. All NinjaTrader users with real-time streaming and historical plans get access to FREE End of Day (EOD) data for stocks, futures, and forex markets.

This allows you to learn and use the system, with data provided by NinjaTrader. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have experience trading with NinjaTrader please share your personal review of the broker and what you think are strong and weak points. The firm also has a support forum which can be accessed through the website.

Futures Trading Outlook: Yen Futures Under the Spotlight With Natural Gas, Silver

Founded in 2003, NinjaTrader offers software and brokerage services for active traders. With a funded account, the NinjaTrader platform is free to use for charting, market analysis, and live trading (the SIM version is free even without a funded account). In terms of futures trading, TradeStation offers investments into traditional futures contracts as well as mini futures contracts. Like NinjaTrader, TradeStation offers tools and training options as well as simulated trading, backtesting based on historical data, and charting. TradeStation also lets you fund your account with any amount to get started with futures trading, although the company’s fee and margin rates vary. NinjaTrader is one of the older online investing platforms on the market.

As a brokerage, NinjaTrader offers access to the futures and forex markets. The company has partnered with several supporting brokerages to give traders access to other markets, including options on futures, CFDs, and equities. With customizable charts and other advanced tools and features, the NinjaTrader desktop platform is perfect for active traders. As far as the user experience for beginner traders is concerned this may be rather daunting and difficult for someone with little experience in online trading.

Users can access real-time markets such as energies, forex, commodities, bonds, equities, etc. One who wants to own a flat-rate account and save on pay-per-trade costs can buy a lifetime license for $1499. All plans include access to the NinjaTrader Desktop, Web and Mobile apps for a seamless multi-device trading experience.

How Much Does NinjaTrader Cost?

Traders who purchase a lifetime license also get the Order Flow feature set which comes with free platform upgrades for life. NinjaTrader has its flagship advanced trading platform for Windows-based desktop computers. If you are a Mac user, you can run the trading software using a multi-boot utility like Apple Boot Camp. For live brokerage accounts, NinjaTrader uses CGC Continuum as its primary data provider.

NinjaTrader’s low commissions and fees, free tools, and an active community forum will work to any trader’s advantage. The unlimited use of its free platform is a great way to get acclimated to NinjaTrader before deciding to trade live. 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. SmartAsset Advisors, LLC („SmartAsset”), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. It is unlikely, for example, that retail investors will even want to select a personal data feed and brokerage, if they would even know how to do so.

One of the best back testing software around, create any indicator you can think of, (Coding in Pine Script is Easier – But extremely limiting). For everyone else, however, this software offers too many features you don’t need and relatively few of the features you do. Finally, investors can use NinjaTrader to simulate trading (“paper trading”) for free.

Any downtime (scheduled or otherwise) will be reported on the Support forum. If you do have issues with connecting, or the system not starting, be sure to check it for updates. However, if you do not want to download the latest version, the full NinjaTrader 7 version is still available to use. The key to making the most of the https://g-markets.net/ services on offer is to spend some time exploring their video library and educational services once you’ve logged in. Get started with $50 margins & commissions as low as $.09 for Micro contracts. Despite being a breath of fresh air for future brokers, Tradovate has demonstrated remarkable features compared to its predecessor.

In conclusion, during our research we found eToro to be a better overall option for beginner traders. The interface is user-friendly and all trading is encompassed in either the demo or live trading accounts. Launched in 2003, NinjaTrader is a software business based in the United States that offers a top-rated trading platform with a wide range of research tools.

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. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are harami candlestick considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. NinjaTrader delivers integrated multi-device trading using technology designed for active futures traders, including our powerful futures trading platform.