NinjaTrader Review – Online Platforms, Commission, Leverage, Account Types & more
Take a walk through the article, to figure out what NinjaTrader is.
You can also check through the article to discover the online platforms it offers, its commission, Leverage, account types, and more.
Let’s get started.
About NinjaTrader & Accepted Countries
Launched in 2003, NinjaTrader is a powerful digital trading platform. It is accessible to use for several active traders around the world.
NinjaTrader is based in Denver, Chicago. Plus, has more than1 lakh traders globally with more than 150 employees working for and representing them.
The company is a specialist in futures and forex. It is important to know that even though online trading is practiced all around the globe, every country sets its own rules and regulations.
|Founder / CEO||Martin Franchi|
|Headquarter||Denver; offices in Bamberg, Germany and Amsterdam, The Netherlands.|
They have a list of accepted countries where their services are available. As far as NinjaTrader is concerned, their services are provided in Australia, Canada, China, India, Hong Kong, Ireland, Netherlands, Malaysia, Japan, UAE, Singapore, South Africa, United Kingdom, and the United States.
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NinjaTrader Trading Platforms
The company provides its trading software under the name of NinjaTrader. The platform comes with advanced research tools.
Even though they charge their clients a low amount of fees but the clients can always get hold of the free version.
The free version may not have some additional materials that come in the paid version.
However, the clients are still able to gain access to backtest strategies and signal development without paying the first hand.
It is especially great for beginners who can gain some experience without the burden of any financial commitment.
It is also ideal for desktops and they provide their clients with several materials. These are to help them understand how this works.
|Trading Platform||MetaTrader 4|
|Desktop Platform – Windows||Yes|
|Desktop Platform – Mac||Yes|
|Desktop Browser Platform||Yes|
|Mobile Site Platform||Yes|
|Android App Platform||Yes|
|iOS App Platform||Yes|
|Windows App Platform||No|
|Other Mobile OS Platform||No|
|Trading Platform Supported Languages||English|
NinjaTrader Mobile App
Unfortunately, NinjaTrader does not have its mobile app. There have been indications that they will have their mobile app in the future.
However, the clients associated with the company can use the companion CQG mobile app. It is available for download for both android and iPhone users.
Unfortunately, the app does not make use of the NinjaTrader platform. Nonetheless, it provides traders and brokers with several tools like real-time quotes and charts.
Check out Mobile Apps of more Forex Brokers
NinjaTrader Commission or Brokerage
In general, the overall amount charged by the company is quite low. As far as we focus on the charges of the brokerage services, they either charge a very limited amount or no fees at all.
Additionally, the clients are also offered a competitive spread. For their futures, their commission charges are also as low as $.09 per micro contract and $0.59 per contract.
They also charge the clients with platform fees also known as the maintenance fees which is $60 per month. Additionally, they charge an inactivity fee which is $25 per month.
For their forex services, the commission charges are solely dependent on the currency pair that the clients trade.
Another factor that affects this commission fee is whether their client is leading the NinjaTrader platform or has an access to a lifetime license.
|Commission on trades||Yes|
NinjaTrader Exposure or Leverage
The company has beaming popularity when it comes to its leverage. They are well-known among high-leverage traders and brokers.
Leverage is a backbone for future markets and this company is regarded as a specialist in this area.
The company’s micro e-minis offer relatively lower margins than their greater counterparts with $ 50-day trading margins.
They are the ultimate and leading destination for futures trading. The clients also have the privilege of trading at full leverage. It possibly leaves no room for error as there is no excess margin.
But it is also important to note that trading at full leverage might also go against the traders, especially, if one trade moves against them. So, it is necessary to be aware of all the risks involved in leverage.
|Maximum Leverage||Up to 50:1|
Payment Methods provided by NinjaTrader
The clients can get access to a 3-month subscription exclusively available for PayPal customers for their payments in the company.
Apart from that, they can also purchase a subscription via their credit card. It is possible if the Paypal service is not available in their country of residence.
But to claim the credit card services, the traders need to send an email. By writing an email to the company, they inform the team regarding their payment-related concern.
It is also important to note that there is a feature of auto-renewal subscriptions available to clients using PayPal.
Under this subscription, the clients are authorizing PayPal to make quarterly payments to the company. It is until they decide to unsubscribe from this facility.
The cancellation of the subscription will however lead to the expire of the license key of the person concerned at the end of the given subscription period.
Also, the clients should note that there would be no refunds for them to claim for the unused time on a subscription.
|Deposit Options||Credit or debit cards, PayPal|
|Withdrawal Options||Credit or debit cards, PayPal|
Find out Payment Methods provided by other Forex Brokers
Investment in Asset Classes or Markets by Ninja Trader
The traders can connect multiple brokerage accounts to this trading platform. The list includes a wide range of accounts like Oanda, forex.com, FXCM, and the like.
The company benefits largely from this connection as their clients can transfer other popular asset classes like stocks on the company’s platform.
The company also provides its clients with a comprehensive list of investments that are usually classified into traditional and higher-risk investments.
The traditional investment list includes a wide range of savings accounts, government savings bonds, equity index annuities, and permanent life insurances.
While the higher risk investments particularly focus on things like real estate, forex, futures, physical assets like gold and silver, and various stocks, corporates, or municipal bonds.
It is simple to understand that while the traditional investment might seem safe, if they take a longer time to receive the returns, whereas if the traders are willing to take risks, then they have a greater possibility of achieving their investment objectives.
|Supported Cryptocoins||Coinbase Bitcoin, Ethereum, Bitcoin Cash and Litecoin|
|Total Tradable Assets||NA|
|Number Of Currency Pairs||NA|
|Number Of Cryptocurrencies||7|
|Number Of Stocks||6|
|Number Of Indices||NA|
|Number Of Commodities||6|
|Number Of Futures||4|
|Number Of Options||5|
|Number Of Bonds||NA|
|Number Of ETFs||NA|
Ninja Trader Virtual Trading or Demo Account
The traders get the opportunity to practice their skills and strategies and test their methods through what the companies refer to as the free simulation.
They consider as an important aspect of the trading education for beginners as well as their experienced and professional traders.
This account is just like a live account but it is free to use. It acts like a try and test tool for all the traders associated with the company to explore and verify their trading ideas.
The company also offers striking backtesting engines that further allow the traders to simulate their automated trading tricks on their records and see and regulate their past performances.
Just like a live account, this demo account also provides various services and tools to give it a familiar feel like the live market.
|Virtual Money||$ 10000|
NinjaTrader offers or Deals
The company offers several offers and promo deals. The clients can start trading with a mere amount of $400.
They also issue referral rewards where the clients can claim their rewards when they use a referral code. They also offer several discount offers from time to time.
Besides, they also have a deal where the traders can clear the saving through discount commissions.
All the discounts and offers provided by the company come at regular intervals along with certain terms and conditions.
So, the clients are usually advised to look at those conditions to see whether they are eligible to claim them or not.
|Free Learning Courses||Yes|
|Free Demo Account||Yes|
|Discount on Brokerage||Yes|
|Flexible Brokerage Plans||Yes|
|Forex Trading Contest||No|
|Trading Bonuses & Rewards||No|
NinjaTrader Regulation or Licensing
This company is a registered national futures association company.
They are also an introducing broker of brokers which means that all the fees and customer supports are provided by them while the assets and cash is held with the broker.
They offer brokerage services to all the traders of futures and foreign exchange products.
Find out Regulations & Licensing of more Forex Brokers
NinjaTrader provides a wide range of features and besides they keep updating its features regularly to provide its clients with the best services that they can offer.
The company keeps its clients’ needs and requirements as their utmost priority.
To full their obligation towards the clients associated with them, their customer service team along with the development team collaborate frequently to improve and enhance the trading platform.
They have features directed towards automated trading where the company offers numerous solutions to automate forex trade execution.
The platform is also free to use in case the clients need advanced features, then they are charged with some amount.
The clients and traders who have access to the advanced derivatives get endless access to the company’s multiple equipment and analyzers.
NinjaTrader platform is also a good option for people who are looking for 24/7 action.
It is a must-have online brokerage for new investors as well as experienced traders because of their low day trading margins and free versions that are included with all the brokerage accounts.
|Social Trading / Copy Trading||Yes|
|Guaranteed Stop Loss||No|
|Guaranteed Limit Orders||No|
|Guaranteed Fills / Liquidity||No|
|Trading From Chart||No|
|Interest On Margin||No|
|Other Trading Features||No|
Ninja Trader Account Types
An Account type is an important decision to make when you open a new account. The type of your account will make a significant difference in your trades.
Ninja Trader offers 3 base currencies for trading (USD, GBP and EUR), if your Bank Account’s currency is the same as any of these three, you can save yourself from the conversion fee.
Now if you have already begun worrying, stop right there.
If your bank account’s currency is not the same, you can always opt for conversion which will cause you a conversion fee.
But there’s another alternative, you can always open a multi-currency bank account to save yourself from the conversion fee.
Furthermore, opening a Ninja Trader account is not complex at all. It is a very simplified process that you can complete digitally through your phone.
|Account Type||Individual Account|
Ninja Trader Trading Account Features
Check below all the trading account features under various account types:
|Trading Desk Type||Dealing Desk, Market Maker|
|Maximum Leverage||Up to 50:1|
|Suitable for beginners||Yes|
|Suitable for professionals||Yes|
|Suitable for scalping||Yes|
|Suitable for daily trading||No|
|Suitable for Weekly trading||No|
|Suitable for swing trading||Yes|
Ninja Trader – Research & Advisory
Find below all the different reports and support provided by its Research & Advisory team :
|Daily Market Commentary||No|
|News (Top-Tier Sources)||Yes|
|Company Stock Review||Yes|
|Free Stock Tips||Yes|
Ninja Trader Benefits
There are numerous benefits Ninja Trader provides that bring traders to the platform, and makes them stay.
Low trading fees – Ninja Trader provides very low trading fees as compared to other platforms.
Transparent fee structure – Transparency is very important where the money is involved.
Great Analysis tool – When you hear Ninja Trader, ‘great analysis tool’ is ought to be brought up. Seasoned traders know how crucial an analysis tool is.
Learning – The platform allows you to learn to trade and actually practice it before you start putting real money at stake.
Add-ons – Apart from learning, Ninja Trader also allows users daily free webinars and provide platform guides and video libraries for reference.
Ninja Trader knows very well how to keep its traders satisfied and leaves nothing when it comes to providing the best trading experience.
Ninja Trader Drawbacks
Just like every other aspect in the world, Ninja Trader isn’t perfect either. It does have some drawbacks that traders find inconvenient.
High Withdrawal Fee – A high withdrawal fee is a bummer to almost every seasoned or new trader. As for Ninja Traders, its withdrawal-free is comparatively very high than other trading platforms.
Account access – If you have a basic account, you will have access to their basic platform features, but you will have to pay extra bucks to access their premium features.
A tad bit complex – If you are trading equities, you will have to use a supporting trader.
No App – When we say no app, it does apply entirely. Ninja trader brokerage clients can use the CGG app but there is no app available if you are using another broker.
You can only trade derivatives like futures.
Ninja Trader trading hours
Trading on Ninja Trader is 24/7 active.
Although for future trading it has a closing time as for Ninja Trader brokerage clients, all intraday positions must be closed 15 minutes before the session closing time.
The closing time is 4 pm.
Ninja Trader Contact Details and Customer Service
Ninja Trader is very efficient and reliable when it comes to customer service. Their customer service desk is available 24 hours for 5-week days.
As for weekends, a 24-hour trade desk is also available for live trading and emergencies.
You can also visit their website for FAQ, where you can find answers to most questions, if you do not find the answer to your question, Ninja Trader also allows you to add your own question.
|Support During Weekends||Yes|
|Live Chat Support||No|
|Customer Support Languages||English|
Live chat is also available on weekdays and the response time is reasonably quick and the assistance is quite efficient and helpful.
All the contact details are available on their Ninja Trader website. You can visit their contact us page call, email, or submit your support request.
They have also provided their Twitter account, where you can reach them if you wish to.
Their Contact Details are –
- Email – firstname.lastname@example.org/;
- Contact – 1-800-496-1683
Ninja Trader Safety and Security
Ninja Trader is well-regulated and certified in the United States by the National Futures Association and the Commodity Futures Trading Commission (CFTC).
Although, it is always recommended to check your broker’s background and also verify where your cash assets are held.
This Ninja Trader is risk-free and there is nothing to be worried about.
Ninja Trader Rating & Review
Based on the user experience, the following rating and reviews are provided.
|User Experience||7.0 / 10|
|Products & Services||7.6 / 10|
|Brokerage Charges & Fees||7.1 / 10|
|Research & Advisory||7.2 / 10|
|Trading Platforms||7.1 / 10|
|Overall Ratings||7.2/ 10|
|Total Client Reviews||87|
Ninja Trader Forex Trading – Conclusion
Ninja trader is a very efficient platform and is one of the best for Forex trading. It provides unlimited free access to understand the working before you actually start trading.
The free features that we provide are more than enough for a new trader.
Ninja Trader’s low commissions and fees, free tools, and an active community forum are what always keep the trader loyal to the website.
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