To access the platform’s premium features—such as advanced order types, automated trading, and backtesting—you’ll need to lease or buy the software (from $60/month to lease; $1,099 one-time payment to buy). The Order Flow+ suite of premium features, which allows you to analyze trade activity using order flow, volume bars, and market depth, is available only with a lifetime license. When it comes to research tools and charting features NinjaTrader has a wide range of research and charting tools. The charts are user-friendly and offer tons of technical indicators such as Bollinger Bands and Fibonacci Extensions. Furthermore, NinjaTrader clients have access to automated trading tools such as Bloodhound that offers visual feedback on your trading charts conveying trading signals.
- The platform does have an average star rating of 4.3 out of 5 stars across more than 450 reviews on Trustpilot, however.
- It is incorporated with several financial services providers, including Forex.com, Interactive Brokers, CQD, FXCM, TD Ameritrade, Oanda, and City Index.
- The platform also offers unlimited support and daily training options, as well as a 24-hour emergency trade desk.
- Tradovate also offers the option to trade futures from desktop, mobile, or tablet, and it includes more than 40 advanced trading tools.
- That software provides you with data charting, customization and trading tools.
The platform delivers over 500 major enhancements including more configurability, data and performance upgrades and improvements to the alerting features. We were also unable to locate any information about lawsuits against the company, which is a positive sign for futures traders who are considering the platform or willing to give it a try. All things considered, NinjaTrader excels at providing a friendly trading environment for traders of all levels.
In addition to the commission charged by NinjaTrader you will incur separate fees such as exchange & NFA, and order routing fees. By default, the order routing fee is $0.10 per contract via the Continuum connection. There is also the option to pick the Rithmic connection which has an order routing fee per contract of $0.25. Gasoline Futures
Gasoline futures are an important energy market that can be influenced by economic conditions, making it an efficient way to trade price fluctuations in gasoline.
Free Vs. Lease Vs. Paid NinjaTrader Platform
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.
NinjaTrader Payments
NinjaTrader offers three different licenses Free, Lease, and Lifetime and all have varying commissions, prices, and functions. For instance, if a trader decides to invest $2,000 into Microsoft (MSFT) stock priced at $200, they can either purchase 10 stocks or a futures contract of 100 Microsoft stocks. Crude Oil Futures
Crude oil futures are highly liquid contracts that allow traders to speculate directly on the price of crude oil.
Where the monthly plan through Tradovate costs $99 per month just like with NinjaTrader, the lifetime plan through Tradovate costs $199 per month prepaid annually (or $2,388). Interestingly, the fees for standard and micro contracts for each plan tier through Tradovate are almost identical to those through NinjaTrader. The fact that NinjaTrader has been around since 2003 is definitely a good sign. NinjaTrader’s lifetime plan requires a one-time fee of $1,499, which qualifies the user for the lowest possible commissions. This plan also comes with order flow and add-on included, which has the potential to lower additional trading fees as well.
First, this is a charting and market analysis platform which connects to third-party brokerages and lets you use their data. Second, this is an online brokerage which directly supports derivatives trading (futures and options) and foreign exchange. https://g-markets.net/ Some online brokerage platforms are best for beginners, while others are more fitting for more advanced traders. We evaluated NinjaTrader with a focus on how well it performs as a futures trading platform, as well as the past experiences of users.
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.
One such platform that has gained a lot of popularity among traders is NinjaTrader. With its advanced features and user-friendly interface, NinjaTrader has become a go-to choice for many forex traders. In this beginner’s guide, we will explore the basics of using NinjaTrader for forex trading and how you can get started with this powerful platform. NinjaTrader is an online platform that can be used to trade a range of assets including forex, futures and stocks. In 2018, the platform announced an integration with Coinbase to support cryptocurrency market data.
This makes it ideal for specialty traders, those who have a particular niche and need a piece of software that they can customize around that work. Trade simulator reviews speak highly of this service and it isn’t hard to see why. Aspiring scalpers can hone their craft on Heiken-Ashi charts, whilst having access to playback functions, market and volume profiles, and more. Fortunately, NinjaTrader does provide a suite of resources to help you get the most out of the terminal, from daily webinars to training videos, a blog, and help guides.
Use our order flow visualization to identify buying and selling pressure and confirm market movement in a specific direction as trades unfold. Trading futures with NinjaTrader requires you to make quite a few decisions up front, and to come up with some sort of trading plan. NinjaTrader receives a handful of complaints about the sluggish and antiquated system. In contrast, a technology-focused platform like Tradovate enables a seamless and unified experience. Besides, the longer term of the demo account is another benefit of this platform. Although NinjaTrader announced the acquisition of Tradovate in early 2022, both platforms continue to operate separately.
Step 3: Verify your account
Topics include connecting to data, one-click order entry, how to set up a workspace, basic chart creation, advanced settings, and strategy automation. Also note that all plans from NinjaTrader (including the free plan) come with access to the platform’s desktop and mobile app, so you can trade on multiple devices and on the go. Futures trading is a type of investment that has the user buy or sell a commodity, asset, or security at a future date for a set price. This makes futures trading a speculative investment, betting on the future price of a commodity, asset, or security with the goal of deriving profit. Customize your futures trading platform without a programming background. However, most reviews express disappointment because it does not offer the same trading experience as on PC.
NinjaTrader Headlines
Customer service is not friendly and not helpful , when market volatility is high the platform always collapses , I do not recommend this platform . It’s always important to carefully consider whether such trading is suitable for your circumstances and financial resources. These include daily training webinars designed to educate new users on the powerful tools available, hundreds of on-demand training videos, help guides, and an informative YouTube channel. 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.
Top Brokers For
From its website, you can use the keyword search and filters to scan hundreds of custom tools and trading indicators built to work with NinjaTrader. The firm’s offering also extends to trade siemens trading performance tools, plus market and strategy analysers. Users also have extensive data feeds, indicator lists, intelligent programming capabilities, plus a reliable support forum.
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.