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NinjaTrader offers a futures-only individual retirement account (IRA). It doesn’t charge any additional fees for IRAs, but NinjaTrader is light on retirement planning tools compared to many other brokers we review. This is no doubt because retirement and IRAs are far from the broker’s primary focus. It’s worth noting, however, that NinjaTrader’s simulated trading isn’t completely free, in practice — we were still prompted to purchase market calculating support and resistance levels data subscriptions when we tried to place paper trades. When you open the NinjaTrader mobile app, you’re asked to choose between «live trading» and «simulated trading.» The latter is a full-featured paper trading version of NinjaTrader’s platform. Investors can use it to practice using the platform or test out trading ideas with pretend money.
NinjaTrader is a powerful derivatives trading platform specializing in futures, forex and options. A free version does exist without the extra goodies provided by Trader + and OrderFlow + but users can still break down charts, backtest strategies and trade without upfront payment. NinjaTrader hosts its own brokerage services but users have their choice of several different brokerage options. Accounts have minimums depending on the securities traded and commissions vary depending on the version of the platform. Advanced derivatives traders will have endless fun with the platform’s mighty array of tools and analyzers. Their futures trading platform is the ideal destination for those both active and new, with unlimited free use for advanced charting, market analysis and simulation trading.
What type of investor should choose NinjaTrader?
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). Free customizable futures trading charts, simulated trading, live market streams, market trackers, and leveraged analytical tools are just some of the advanced charting tools in NinjaTrader. The platform also offers micro futures and E-minis, which makes it possible for folks just to get started with futures trading to access these investments at a lower cost. NinjaTrader is a futures trading platform offering affordable and accessible trading for sophisticated, active traders. It’s fast, which is especially important with futures, which involve active trading and investing with leverage.
Lifetime Plan ($1,
Bigger Instant Deposits are only available if your Instant Deposits status is in good standing. A leading futures broker with all the tools you need for technical analysis, charting price movements, and placing trades. Since it’s only designed for futures trading, you’ll need to use a different broker for any other types of investments.
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Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. NerdWallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. Examples are hypothetical, and we encourage you to seek personalized advice from qualified professionals regarding specific investment issues. Our estimates are based on past market performance, and past opencv introduction performance is not a guarantee of future performance. The NinjaTrader brokerage supports futures, options on futures, and forex trading.
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- Again because NinjaTrader is primarily a futures and forex brokerage, financial statements, news, and economic data that you might find in other professional platforms are missing.
- NinjaTrader is one of the most popular brokers for futures trading, with robust desktop and web platforms that you can customize to fit your needs.
- We collect data directly from providers through detailed questionnaires, and conduct first-hand testing and observation through provider demonstrations.
- Plus, almost every contract requires market data subscriptions (which cost money) to be tradable, even for simulated trades.
The flexibility allows traders to fine-tune their setup based on strategy and budget. 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. For live trading, you can use their free platform with all the essentials or choose a paid license level for more advanced features and lower commissions.
Yes, users must pay for data feeds based on their selected markets and the depth of data required. NinjaTrader’s online support team excels in prompt replies with inquiries addressed within 15 minutes during market hours. An active user community interacts directly with the NinjaTrader support team in their User Forum. They also host daily live training webinars, have hundreds of on-demand training videos, and more. NinjaTrader features a wide range of technical analysis functions that can be useful for those starting out with demo trading — especially if you want to learn how to trade futures.
Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. No – the platform runs on the Windows operating system, utilising the .NET framework. Adapting this setup for mobile devices running iOS or android is not currently on the NinjaTrader development path. Check the website where you are located to find the relevant phone number. To submit a support request, visit the Contact Us page on the NinjaTrader website. Live chat is available through the official website on weekdays only.
NinjaTrader is a futures trading platform that allows investors to trade more than 100 futures products, including commodities, stock index futures and crypto futures contracts. This website is hosted and operated review the money queen’s guide by NinjaTrader, LLC (“NT”), a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform. NT is an affiliated company to NinjaTrader Brokerage which is an NFA registered introducing broker (NFA # ) providing brokerage services to traders of futures and foreign exchange products. This website is intended for educational and informational purposes only and should not be viewed as a solicitation or recommendation of any product, service or trading strategy. Specific questions related to a brokerage account should be sent to your broker directly. The content and opinions expressed on this website are those of the authors and do not necessarily reflect the official policy or position of NT or any of its affiliates.
Since it was founded in 2003, the firm has expanded to support traders across the globe with offices in Denver, Chicago and Colorado, Illinois. The platform has attracted over 500,000 users and 600+ developers across 150+ countries. The brand is a privately held company, owned & operated by NinjaTrader, LLC, an affiliate company to NinjaTrader Brokerage. Web, mobile and desktop platforms are information-rich and oriented toward advanced traders. Hands-on testing of the account funding process, provider websites and trading platforms.