NinjaTrader Review

Overview

NinjaTrader is perhaps one of the most well-known names in the trading market. The company was founded back in 2003 and it has a lot of experience in the industry. Many like it for the fact that it has a very advanced and high-quality platform, while others are simply in love with the educational materials it offers.

At first glance, anyone would say that NinjaTrader is every trader’s dream. But as usual, there may be other things beneath the surface that you may want to know about. Our review of the platform is here to make sure you don’t make a decision based on what the tip of the iceberg shows you. If you’re interested in NinjaTrader, keep reading to see what it has to offer.

Who Is NinjaTrader for?

NinjaTrader is the best option for futures traders and advanced traders. This is because futures and options on futures come with very low fees, allowing the trades to happen without requiring more money from you.

Not only that but there are several futures markets offered as well, giving people more options to choose from. On top of that, the platform comes with some very advanced research tools, which is what makes it so ideal for advanced traders. There is advanced simulated trading, market analysis, and charting, as well as a great alert system.

The Desktop platform also comes with some advanced features meant for expert brokers. On the other hand, it may be too complex for beginners.

Besides, NinjaTrader may also be great for people looking for some action 24/7.

Things We Like

Something that got our attention was the fact that the platform comes with low trading fees. We think this is important, as some people want to trade but do not have a lot of money to be able to afford extra costs.

The platform can also be used free of charge, making everything even more pocket-friendly. Then, we were happy to see that there are some outstanding educational materials there. People can follow well-structured materials and learn a lot before they start trading.

What’s even better is that there is an active user forum too, so traders can communicate with each other. It’s easy to ask questions and learn something from professionals or just other traders who have been making trades for a very long time.

The platform is amazing too. It is pretty complex, and it is ideal for experienced traders. The research tools are advanced, and they give traders a lot of customizability options.

We also appreciate that there is a demo account provided. It allows newcomers to try out the platform with zero risks before they risk real money.

Things We Don’t Like

One thing that was very disappointing to us was the fact that no mobile app is offered. Nowadays, most people use their smartphones to perform different operations, and they may even make trades this way. Not having a mobile platform for users can put off people who want to try out NinjaTrader.

Then, the high withdrawal fee is also disappointing to see. While the trading fees are low, the withdrawal fees will add enough extra costs to put someone off. Also, only futures and options on futures are offered, so there isn’t a large product selection like there may be on other trading platforms.

Safety and Regulation

Before you try out NinjaTrader, it is very important to find out how safe it is for its users. Below, you can read more about the safety aspect:

Who Is NinjaTrader?

NinjaTrader is a software company based in the United States and was founded in 2003. Its headquarters are in Chicago, Illinois, and Denver, Colorado. It offers a trading platform with a lot of research tools, which is great for active traders. Besides, the website also has some amazing real-time analysis, charting and it comes with customizable technical indicators.

Ever since it was established, the company gained more than 60,000 users, as well as more than 450 developers. NinjaTrader has brokerage services available to support both futures and Forex traders through discounted costs.

Is NinjaTrader Regulated?

NinjaTrader is a regulated platform, which means it is relatively safe. It is regulated by the UK Financial Conduct Authority and the U.S. Commodity Futures Trading Commission.

NinjaTrader Licenses

• Authorized by the U.S. Commodity Futures Trading Commission and the UK Financial Conduct Authority
• Registered with the NFA

Is NinjaTrader Safe or a Scam?

Safety is something that you get with NinjaTrader. The company is an introducing broker of bigger brokers such as Dorman Trading or Philip Capital. This means that these brokers will be the ones holding your cash and assets, and they are regulated by top-tier authorities like the UK FCA or US CFTC.

There are a few concerns, though. NinjaTrader didn’t make financial information public, which is a red flag. It is not listed on the stock exchange either.

Countries It Accepts Clients from

NinjaTrader accepts clients from multiple countries. Some of the countries are New Zealand, Germany, Colombia, Mexico, Argentina, Finland. Hong Kong, Austria, Norway, Bulgaria, Cyprus, Sweden, France, Egypt, Chile, Denmark, Czech Republic, the United Kingdom, and the United States.

Awards

So far, NinjaTrader was recognized in the 2020 Readers’ Choice Awards of Technical Analysis of Stocks & Commodities magazine as the Best Trading Software. It was also awarded the Best Brokerage for Trading Futures.

Range of Offerings and Products

Only futures and options on futures can be traded with NinjaTrader, which is quite disappointing to see. This means that people cannot trade popular asset classes such as spot Forex or stocks easily. It can only be done if you connect an existing brokerage account to NinjaTrader.

As for the selection of the future, it is pretty average. It is not the best one on the market, but it is also more than most brokers offer. There are 7 futures markets offered. On these markets, you can trade 70 assets. As for options on futures, there are 4 options markets.

Leverage Offered

NinjaTrader doesn’t have any clear information regarding the maximum leverage that it offers.

Trading Platforms

NinjaTrader only has a desktop platform available. They lack a mobile trading platform, and they do not have a web one either. You can only use a mobile trading platform if you connect an external brokerage account to your NinjaTrader one, such as an Oanda or Interactive Brokers one.

The Desktop trading platform offered is pretty good. It is designed for active traders and advanced ones. There are several advanced features and customizable ones. There is a clear fee report, different tools for technical analysis, and multiple order types. You can also get the platform in several languages, respectively English, Portuguese, Russian, German, and Spanish.

It is worth mentioning that the platform may be way too complex for a beginner.

Account Types

NinjaTrader brings four different account types to the table, respectively individual, joint, retirement, or corporate/LLC/trust/partnership ones.

Demo Account

You can use a demo account too, particularly if you are not ready to commit to NinjaTrader just yet.

Deposits and Withdrawals

NinjaTrader should improve its deposit and withdrawal services because only bank transfers and checks are available. Luckily, there is no deposit fee, and you have 3 base currencies available to use.

What Is NinjaTrader’s Minimum Deposit?

The minimum deposit with NinjaTrader is $400. It is not the highest, but it is not as low as other platforms.

Withdrawals

It takes less than 1 business day to perform a withdrawal. Unfortunately, the withdrawal fees are very high.

NinjaTrader Promotions

There are situations when NinjaTrader offers promotions. One recent example was when they gave people the chance to win up to $200 in Commission Rebates when opening a new futures account. This promotion was only available until April 30, 2021, but other similar promotions may arise if you keep an eye on the broker’s website.

Client Support and Education

NinjaTrader shines when it comes to educational tools. Not only is there a demo account, but you also have a high-quality help guide, as well as some great educational videos. Besides, there are even webinars that you can attend. A platform tutorial is also set in place. So, you have all the materials you need to start trading

Verdict – Overall Rating

NinjaTrader is amazing in terms of education. It also has a great platform, as well as low trading fees. But we think there are many things that need improvements. There is no web and mobile trading platform, and it is not possible to make deposits and withdrawals using anything other than bank transfers or checks. Withdrawals also come with high fees. Moreover, there is no information about leverage, and only futures and options on futures can be traded. So, taking all this into consideration, NinjaTrader is a decent broker, but not the best.

Methodology

All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. Our reviews and overall scores are based on the key areas above, in a combination with our opinion and commentary.

The reviews are shared and discussed with the brokers, but the authors of our website always have the final word. Furthermore, we always strive to keep the information on our website updated and relevant for our readers.

What helps us stand out is that we always test our brokers with an anonymous live account, to ensure we deliver the most accurate information and experience to our readers. Finally, our reviews and evaluation are always independent of any financial compensation we may receive from the brokers.

Risk Disclaimer

There is a very high degree of risk involved in trading securities.

With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more at Wikipedia.

All investments involve risks and are not suitable for every investor. The value of securities may fluctuate and as a result, clients may lose more than their original investment. The past performance of a security or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against the loss, in a down market.

There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing. More details here.

Looking for more information on brokers and trading? Have a look at our trading guides:

• Best Forex Brokers for 2021
• Best Binary Options Brokers for 2021
• Best Online Stock Brokers for 2021
• Best Trading Apps for 2021

Review Sources

1. https://ninjatrader.com/

NinjaTrader offers software and brokerage services for active traders. As a brokerage, NinjaTrader offers access to the futures and forex markets.

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