Forex Trading

Futures Trading

The NinjaTrader brokerage supports futures, options on futures, and forex trading. If you want to trade equities on the NinjaTrader platform, you can go through one of NinjaTrader’s supporting brokers. You can sign up for a NinjaTrader brokerage account, or one of its partner brokers, on the NinjaTrader website. NinjaTrader offers the chance to trade futures on its desktop platform, yet it also has a robust mobile app that offers many of the same features and functions. Users can even download the NinjaTrader app without setting up an account on the platform, which gives them the chance to try out the app functions and see what’s available before they get started trading. Trading futures contracts involves using margin which is a portion of the sum amount (usually 10% of the futures contract price).

Additionally, there are three different licenses to choose from with varying account fees and commissions. Simply put, if your account balance goes below zero, you will be responsible for paying the losses. Generally speaking, the fees and commissions charged by NinjaTrader are relatively low which makes it a great match for active day traders. Futures are derivative contracts that gain value from other assets including stocks, indices, and commodities, just to name a few.

All you have to do is enter your name, email address and phone number, and enter your question or issue and hit Submit Request. There is also a useful and convenient FAQ page that has a wide range of answers to general questions regarding the NinjaTrader software and trading platform. While there are no deposit fees or fees for incoming checks https://www.day-trading.info/hirose-financial-uk-forex-broker-hirose-financial/ or wires, the only available payment options are via bank wire transfer and checks. Furthermore, the withdrawal fee for a domestic wire transfer is $30, while the fee for international wire transfers is $40. In addition to the commission charged by NinjaTrader you will incur separate fees such as exchange & NFA, and order routing fees.

This allows you to learn and use the system, with data provided by NinjaTrader. The latter (automation) can be done from within NinjaTrader’s user interface. Algorithmic trading requires knowledge of the software’s C# coding language.

Trading futures allows traders to gain greater exposure to stocks and other assets without having to own the underlying asset. Therefore, potential profits can multiply if the market moves in the direction of the position they have taken. NinjaTrader may be one of the most customizable trading platforms on the market.

  1. The leased version of the software comes with significantly fewer data features, in addition to costing almost as much, so there’s little reason to choose that option.
  2. Day trading margins for popular futures such as the S&P 500 emini are $500.
  3. A leading futures broker with all the tools you need for technical analysis, charting price movements, and placing trades.
  4. First, this is a charting and market analysis platform that connects to third-party brokerages and lets you use their data.

Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). There are no guarantees that working with an adviser will yield positive returns. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Third-party trading on NinjaTrader requires either licensing or buying the software. The leased version of the software comes with significantly fewer data features, in addition to costing almost as much, so there’s little reason to choose that option. Plans range from a $0 monthly fee, to $99 per month, to a one-time payment of $1,499.

He engages with several online communities and channels to keep up to date with industry developments and ensure that hos work reflects current market conditions. When it comes to customer services, you can contact the NinjaTrader customer support via telephone, Live Chat, email, and a support forum. Furthermore, you can also submit questions or request and receive what is bitcoin understanding btc and other crypto a fast response from the support team in a matter of minutes. In terms of search functionality this is great too as it is simple and user-friendly. To add new assets to the instruments list simply type the name in the search bar or browse through the relevant asset categories. Finally, investors can use NinjaTrader to simulate trading (“paper trading”) for free.

Effectiveness: How Well Does NinjaTrader Work?

The brand offers a sophisticated trading platform with multiple charts and a range of features including market data services. Thousands of third-party apps, as well as add-ons, allow for customization, fast order execution, and advanced market analysis. The NinjaTrader platform is ideal for active traders who want lots of technical analysis tools. The platform boasts excellent charting, real-time analysis, customizable technical indicators, Chart Trader (a chart-based order entry tool), and thousands of apps and add-ons from 3rd-party developers. While the platform offers futures trading opportunities for seasoned investors, there are also tools and features for those getting started.

NinjaTrader vs Other Brokers

Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. Withdrawals made by domestic wire transfer have a $30 fee, and international wire transfers have a fee of 30 units in the originating currency. Compare NinjaTrader with the top 3 similar brokers that accept traders from your location. Overall, the trading platform could help yield greater profits for the right investor.

Using a modern C#-based framework, you can develop custom indicators, strategies and apps, or use third-party add-ons to personalize your NinjaTrader desktop online futures trading platform. When it comes to research tools and charting features NinjaTrader has a wide range of research and charting tools. The charts are user-friendly and offer tons of technical indicators such as Bollinger Bands and Fibonacci Extensions. Furthermore, NinjaTrader clients have access to automated trading tools such as Bloodhound that offers visual feedback on your trading charts conveying trading signals. The desktop platform facilitates full customizability as well as the option to incorporate thousands of different app add-ons. It is worth bearing in mind that the platform’s functionality varies depending on the type of license.

From there you will need to choose the account you wish to execute the trade from and the ATM strategy. Then you can specify the instrument (which could be EUR/USD for instance). Then depending on whether you want to buy or sell the market click on the appropriate command on the trading window. Launched in 2003, NinjaTrader is a software business based in the United States that offers a top-rated trading platform with a wide range of research tools. Charting, analysis and simulated trading are all free on NinjaTrader so long as you set up a funded account with their brokerage. This requires a minimum balance of $400 for a futures account and $50 for a forex account.

Get Started For Free And Start Trading Futures Now!

The brand is a privately held company, owned & operated by NinjaTrader, LLC, an affiliate company to NinjaTrader Brokerage. You can get exposure to micro Bitcoin futures through the CME Group’s centralized exchange, which is highly regulated by the US CFTC. Micro contracts allow you to trade a fractional size of one Bitcoin, giving you more risk control and order flexibility. If you need access to more instruments, you can opt for the CME bundle, which includes CME, CBOT, NYMEX, and COMEX, for $30 per month.

We unpack the range of features on offer as well as indicators, charts and demo accounts, plus compatibility with top brokers including NinjaTrader Brokerage. NinjaTrader and the community’s ecosystem has a wide selection of educational videos, webinars, and documentation. Vendors provide much of the education, which includes promotional material for vendor systems, add-ons, and plugins, but we didn’t see this as a negative. The existence of https://www.topforexnews.org/books/artificial-intelligence-software-for-forex-trading/ a robust ecosystem of other users and professional developers will likely keep the flow of education and ideas fresh. NinjaTrader offers several weekly webinars and recorded videos intended to help you get the most out of the platform. The video library is broken down into several sections, including Order Entry, SuperDOM, Market Analyzer, Charts, and Strategy Backtesting and Optimization to make it easier to find what you’re looking for.

Because futures trading involves leverage, it’s much riskier than your everyday stock investing. But you can also lose more money, and you can lose it quickly if you’re not careful. Stocks can be traded by connecting the NinjaTrader platform to supporting brokers. The firm also provides access to a range of index futures via standard and micro contracts, including the E-Mini S&P 500 Index Futures and E-Mini Russell 2000 Index Futures.

Lyle Daly is a personal finance writer who specializes in credit cards, travel rewards programs, and banking. He writes for The Ascent and The Motley Fool, and his work has appeared in USA Today and Yahoo! Finance. He was born in California but currently lives as a digital nomad with a home base in Colombia. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. Compare NinjaTrader with any other broker by selecting the other broker below.