NinjaTrader Review

Richard Montana | November 17, 2022

Founded in 2003, NinjaTrader is an industry leading online brokerage firm that offers access to the world’s leading financial markets including futures, forex, stocks and options. They provide traders around the globe with best-in-class technology, deep discount commissions and world class support. NinjaTrader has the complete package, with a host of desirable features for new and experienced traders alike. These include a powerful trading platform, advanced charting, professional market analysis, simulated trading, and many more advanced research tools. I found them to have low trading fees, with the futures fees being amongst the lowest between them and their competitors. There is no account minimum balance required to open your account. I think they can be a great choice for active traders who are looking to trade with one of the best brokers in the USA.

Summary

NinjaTrader is an established online broker that provides you with all the resources needed to trade a great range of financial instruments across various asset classes. These resources include an advanced trading platform that is available as desktop, web, and mobile versions. You can get access to lots of high-quality trading tools for conducting comprehensive market analysis on all of your favourite instruments. Beginner traders are well looked after with lots of free educational resources and demo paper trading accounts so that you can familiarise yourself with the platform. You are able to choose your preferred account type depending on your trading preferences and individual goals, with no minimum requirements. This is all backed up by a dedicated client support team who are always on hand to assist you as and when needed. There is a reason why NinjaTrader is consistently voted an industry leader by the trading community. Through a unique combination of high-performance trading software, discount brokerage and real-time support, they empower traders from all backgrounds to enter the futures markets.

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Regulation

When it comes to choosing a broker, regulation is one of the most important things to look out for. I would always prefer to trade with a regulated broker as they can provide you with certain protection that an unregulated broker cannot. NinjaTrader is well-regulated in the United States by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). I consider this to be top-tier regulation which gives me the utmost confidence that they are a broker who can be trusted and thus, I would have no problem using them for my day trading activities.

Platforms

NinjaTrader supports traders across the globe via their powerful trading platform featuring a great selection of 100+ day trading indicators and award-winning brokerage services. The platform is always free to use for advanced charting, backtesting & trade simulation. In addition to their fantastic proprietary platform, NinjaTrader supports both Continuum powered by CQG and Rithmic for live futures trading.

NinjaTrader Platform

Trades are carried out using the superb NinjaTrader trading platform. This proprietary trading platform supports multiple market data and brokerage options, providing you with seamless access to futures, forex, equities, and options trading. The platform offers advanced charting, strategy backtesting, and trade simulation. It has all the key features needed for live trading, including over 100 indicators, award-winning charting and analysis, unfiltered professional market data, and much more. Whether you trade through a DOM or submit orders through Chart Trader, NinjaTrader has multiple interfaces designed for fast, informed decision making. Advanced Trade Management (ATM) eliminates emotions by protecting open positions with automatically submitted stop and target orders and self-tightening trailing stops.

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You can further enhance the platforms capabilities by using custom apps built for NinjaTrader to personalize your trading charts and further focus your technical analysis. You can build your own or hire a freelancer to do it for you if you don’t have the programming skills. If there is a trading strategy idea that you have in mind, chances are that it can be made a reality in NinjaTrader. Kinetick is the preferred historical data provider and is optimized exclusively for use with the NinjaTrader platform. It can be used completely free for advanced charting, strategy backtesting and trade simulation.

The NinjaTrader platform is available in desktop, web, and mobile trading app versions. I think this is one of the best trading platforms available today. Not only is it user-friendly enough for new traders, it has more than enough features and functionalities to satisfy the needs of the most demanding traders.

NinjaTrader Features

• Visualize the markets
• Analyse the order flow
• Powerful real-time analysis
• Advanced alerting capabilities
• Trade directly from your charts
• Customize with indicators, signals and strategies
• Supports manual and automated trading

Tools

The NinjaTrader platform is ideal for active traders who want lots of technical analysis tools. The platform boasts excellent charting tools for real-time market analysis so that you can spot potential trading opportunities and make informed decisions. Aside from the exceptional range of robust tools that are already built into the NinjaTrader trading platform and available as add-ons, it is great to see that the broker provides us with some standalone trading tools to ensure optimal performance. These handy tools include advanced live charts, live market data, thousands of third-party add-ons, trade desk calendars, and much more. I really think there is more than enough for everyone, regardless of how simplistic or complex your trading strategies may be.

Education

NinjaTrader provides you with a decent selection of educational resources to help improve your overall trading knowledge and skills. These learning resources include unlimited daily training, learning articles, Trading 101, NinjaTrader news, and an FAQ section that answers some of the common questions that traders may have. I especially found the platform tutorials to be very helpful as it was quite complex to use at first. I have used the MetaTrader platform for many years so found it quite tricky navigating the NinjaTrader platform at first. Thankfully, the tutorials explained everything clearly so it didn’t take me long to get up to speed with the platform. If you are specifically looking for educational content, tastyworks have a great selection.

Markets

NinjaTrader Brokerage offers access to the CME, CBOT, NYMEX, NYBOT, and Eurex exchanges for trading futures. If you want to trade equities on the NinjaTrader platform, you can go through one of NinjaTrader’s supporting brokers, including Interactive Brokers and TD Ameritrade. The world’s markets are at your fingertips through NinjaTrader including:

• Futures
• Options
• Forex
• CFD’s
• Stocks

Micro E-mini Futures

Trade the same markets as Wall Street at a fraction of the cost and only $50 margins with Micro E-mini futures. At 1/10th the size of the E-minis, Micro E-mini Futures allow traders to access these highly liquid equity index futures markets with reduced costs.

• E-mini S&P 500 Index Futures
• E-mini Nasdaq-100 Index Futures
• E-mini Russell 2000 Index Futures
• E-mini Dow Jones Industrial Average Index Futures

Micro Crude Oil

Micro Crude Oil futures provide access to the world’s most popular oil contract at a fraction of the cost. At 1/10th the size of the standard contract, Micro Crude Oil futures (MCL) allow traders to access the highly liquid crude oil marketplace with a reduced financial commitment. You can trade with only $100 margins and control a larger contract value in the world’s most popular oil marketplace through leverage.

Nano Bitcoin Futures

Nano Bitcoin futures are crypto futures priced right for all traders with $25 day trading margins, no market data fees and commission-free trading. Priced at just 1/100th of a Bitcoin, Nano Bitcoin Futures from Coinbase Derivatives allow traders to navigate volatile markets with a contract size that fits any portfolio.

Accounts

You can open any of the following trading account options: Individual, Joint, Corporate, LLC, Trust, Partnership, or Retirement accounts. Once initiated, account openings are generally completed within 24 to 48 hours of all required documents having been received. This is actually quite long compared to some brokers such as IG who can have you setup in minutes.

Support

The broker provides you with access to a dedicated customer support team who are polite and prompt in response. The support team is available 24/5 to provide technical support. You can easily contact the support team via telephone, email, and various social media channels. One of the standout features of this broker for me is the community. You can interact with the support team and fellow traders in the NinjaTrader user forum. This is a great place to meet likeminded individual and share ideas, strategies, tips and tools.

Funding

NinjaTrader supports deposits and withdrawals to and from your trading accounts using bank wire transfers. I find this to be quite limiting and think they could improve by adding support for some more modern forms of payment such as digital wallets. This would lead to quicker account funding which could be important if there was some market news event that you wanted to try and capitalise on. In that instance, it wouldn’t be ideal to wait around for a few days for a bank transfer to clear. That being said, I do appreciate the safety and security that bank transfers can provide.

Conclusion

NinjaTrader is recognized for its unique combination of a high-performance trading platform, discount pricing and real-time support. Overall, I think NinjaTrader is a great choice for anyone who wants to trade futures on an industry leading platform with very competitive fees. You get access to a wide range of financial products and some excellent trading tools to help conduct detailed market analysis and find opportunities according to your own trading strategies. There are some handy guides and videos that can teach you how to get the most out of the vast array of features available in the platform.

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NinjaTrader Group, LLC together with its subsidiaries provides award winning trading software and brokerage services to active traders. They are an industry leading trading platform and futures broker with all of the resources you need to trade multiple financial instruments with relative ease.

Futures, foreign currency, and options trading contains substantial risk and is not for every investor.

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About the Author

Richard Montana
Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others.