NinjaTraders Review

By | January 22, 2021

It is an award-winning platform, allowing traders to trade in futures, forex, CFD, and stocks. Today we’ll guide you through the features, market and product, services. And many more related features of NinjaTraders.

It is a US-based software platform founded back in 2003. Is a privately held company whose headquarters is located in Denver, Colorado, and Chicago. It has succeeded to attract many customers and developers. NinjaTraders also allows you to connect third-party applications with itself. This allows you to perform various trade activities in a single place.

 NinjaTraders acts as an introducing broker as well. Introducing brokers means that your funds and assets are held by brokers. And the rest of the services are provided by NinjaTraders only.

NinjaTrader Review

Account Opening :

Account opening at NinjaTraders is a quite complicated process, though it is fully digital. It takes 3-4 days to verify your account, which is time-consuming as compared to competitors. 

What is the minimum deposit at NinjaTraders?

The minimum deposit required is $400.

NinjaTraders has three types of license: ‘Free’, ‘Lease’ or ‘Lifetime’

FreeLeaseLifetime
Commission for e-mini index futures$1.19$0.89$0.59
Price$0$720/year
$425/half-year
$225/quarter
$1,099 one-time fee
$329 monthly fee for 4 months
Core functions (Advanced charting, market analysis, simulated trading)YesYYes
Trader+
(stop-loss/take-profit orders, chart trading, advanced alert system, etc.)
NoYesYes
Order Flow+
(volume profile indicator, market depth map, cumulative delta, etc.)
NoNoYes
NinjaTrader Review

Account Types :

It offers 4 types of accounts :

  • Individual 
  • Joint 
  • Corporate/Trust/LLC/Partnership
  • Retirement

Fees :

NinjaTraders charges low fees for futures and options trading. On the other hand, it charges high transfer fees.

NinjaTraders stock index futures commission of 10 contracts

US micro e-mini stock index futures$3.5
UK stock index futures$12.9
German e-mini stock index futures$12.9

NinjaTraders stock index futures fees per contract

NumberFree licenseLease licenseLifetime license
Commission$0.29$0.19$0.09
Exchange & NFA fee$0.22$0.24$0.21
Order routing fee$0.10$0.11$0.15
Number Free licenseLease licenseLifetime license
Commission$1.29$1.30$1.28
Exchange & NFA fee$1.25$1.26$1.25
Order routing fee*$0.15$0.10$0.10

The account fees depend upon the type of license chosen by you:

Free license: No fees 

Lease license : $720 annual/$425 semi-annual/$225 quarterly

Lifetime license: $1,099 as a single payment and $329 as installment for 4 months.

It charges a $25 monthly inactivity fee. $40 for international wire transfer and $30 for domestic wire transfer.

Deposit and Withdrawal :

It charges no fees for depositing. They only allow bank transfer for transferring money. No other source is allowed for depositing money.

Withdrawing money from NinjaTraders is quite costly. It charges $40 for international wire transfers and $30 for domestic wire transfers.

US residents can also make deposits and withdrawals by using a check. 

NinjaTraders Trading Platform :

NinjaTraders provides only a desktop trading platform. It has many advanced features with good customizable capability. Provides a clear fee report and you can search for stocks and options easily from the search bar.

This does not own any web and mobile trading platform. So, if clients want to trade via web or mobile they can open an account with other brokers such as Oanda or Interactive broker who provide these services. 

Trading platformScore Available
WebNo
MobileNo
Desktop4.8Yes

Market and Product offered :

It only supports trade in futures and options, instead of it if anyone wants to trade in any other asset then they have to open a supplementary account with the broker who provides these services. NinjaTrader lags in providing a variety of assets as compared to its competitors. 

It offers trading in futures and options only.

NinjaTraders Tools and Features :

Automation helps traders to achieve their target appropriately. Once you program your bots according to your requirements. They’ll enter and exit from the trade when your criteria have been met. This allows you to trade more efficiently. 

These bots are developed using NinjaScript.

NinjaTrader Review
ProsCons
Low trading feeHigh withdrawal fees
Great platform and researchNo mobile and web trading platform 
Quick withdrawalCredit/debit card not available 
Fully digital No trading ideas
Automated servicesNo 24/7 support

Customer Service :

Live chat
Telephone
Email
Support Forum


Is NinjaTraders Safe?

NinjaTraders is an introducing broker of other major brokers. Your assets and cash are held by these brokers who are regulated by top financial institutions. The NinjaTraders is associated with the National Future Association(NFA).

NinjaTrading services are for professionals who have good knowledge of futures and options. Because future trading is not covered by investor protection schemes. 

NinjaTrader is accepted in few countries only.

NinjaTrader Review

8.8

Fees

8.5/10

Account Types

9.0/10

Automated Bots

9.5/10

Regulated

8.0/10

Pros

  • Low trading fee
  • Quick withdrawal
  • Fully digital

Cons

  • High withdrawal fees
  • No trading ideas
  • No 24/7 support

Leave a Reply

Your email address will not be published. Required fields are marked *