But you can also lose more money, and you can lose it quickly if you’re not careful. NinjaTrader is one of the most adventure capitalist popular brokers for futures trading, with robust desktop and web platforms that you can customize to fit your needs. It’s also an affordable place to invest, with lower fees and margin requirements than many of its competitors. Keep reading our in-depth NinjaTrader review to learn how it works and its pros and cons. 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.
NinjaTrader trading platform
Users have complained about a clunky, frustrating user interface, as well as having difficulty placing trades and reviewing What are cyclicals charts. You may be better off sticking with the web and desktop platforms, which get much higher marks from investors. It’s not a typical stock broker where you can buy and sell individual stocks, exchange-traded funds (ETFs), and other types of investments. Although it’s an excellent futures broker, it’s more limited than many competitors. There are plenty of brokers that offer futures trading and stock trading.
NinjaTrader 8
NinjaTrader is a futures trading platform offering affordable and accessible trading for sophisticated, active traders. 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). It’s fast, which is especially important with futures, which involve active trading and investing with leverage.
- All the usual order types are supported and automated trading is available through NinjaTrader’s ATM Strategies or the C#-based trading framework.
- Specific questions regarding brokerage accounts should be directed to your broker.
- As one of the best commodity trading apps, NinjaTrader is best suited for seasoned investors who can use its robust trading tools and features.
- On a tick-by-tick basis, users can download historical data, rewind to a specific day and interact as if it were live.
- From that perspective, the NinjaTrader platform has all the tools and features it needs to be successful.
- Users can even download the NinjaTrader app without setting up an account on the platform, which gives them a chance to try out the app functions and see what’s available before they start trading.
NinjaTrader offers a different plan for experienced traders, beginners, and more. All plans from NinjaTrader (including the free plan) come with access to the platform’s desktop and mobile app. It’s easy to change colors (for background, crosshair, gridlines, text, etc.), fonts, and bar spacing/width as well as the overall layout of your chart windows. You can easily insert technical indicators, strategies, and drawing tools, which are all customizable within the chart. At Motley Fool Money, brokerages are rated on a scale of one to five stars. We primarily focus on fees, available assets, and account types; however, we also take into account features like research, education, tax-loss harvesting, and highly rated mobile apps.
Charting
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. There is also an active user community you can turn to for additional support. Chart Trader also allows traders to modify and execute orders directly from the trading chart. Designed by Traders for Traders, our platform provides everything you need to seamlessly create, test, and deploy custom trading solutions for individuals, businesses, and enterprises.
The demo account is a good opportunity to familiarize yourself with the NinjaTrader brokerage platform, risk-free. This website is not an offer or solicitation for any services or products in any jurisdiction where such offer or solicitation would be contrary to local laws or regulations of that jurisdiction. Motley Fool Money is a Motley Fool service that rates and reviews essential products for your everyday money matters. Lyle Daly is a personal finance writer who specializes in credit cards, travel rewards programs, and banking.
All content on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website. NinjaTrader is a windows based platform which latest tron price and analysis relies on the .NET framework. There are methods using Parallels or VMWare to get Ninjatrader working on Macs, but the these are not officially supported.
