It is free and can help you understand how financial markets function. Second, you can also test partially or fully automated trading strategies. Charting market data and mobile trading are not currently supported. Once the app is released, we will need to wait for reviews. There are many functions available, so the possibilities are endless.

• NinjaTrader can be reached byemail, phone and an online support formfor customer service.
• Fortunately, NinjaTrader hosts free weekly webinars to help you get started.
• For example, in the case of stock investing the most important fees are commissions.
• Let’s take a closer look at why eToro secures the number one spot on our top recommended brokers for 2022.
• When it comes to customer services, you can contact the NinjaTrader customer support via telephone, Live Chat, email, and a support forum.
• NinjaTrader 8 incorporates over 500 changes and enhancements, largely collected from client feedback.

After all, being able to use state-of-the-art technologies free of charge is not a matter of course, even though it is a deliberately chosen concept of the software provider. The most significant advantage of the Strategy Builder for me is that you can look at the source code afterward, which can serve as a good foundation for your programming.

With one-time costs of $1,099 plus several hundred dollars per month for stock market prices, you should also have significant buying power within your brokerage account. Regarding saving money, NinjaTrader has the edge with its in-house data from Kinetick. At least if you need extensive stock market data (CME, EUREX, etc., and Level II). However, it would be best if you considered in advance which markets you would like to trade in and whether day trading is the right thing for you. Whether day trading, swing trading, scalping, FOREX, futures, or equities, discretionary or automated, NinjaTrader 8 offers the perfect mix for every trader. The only thing that needs to be added is a self-learning functionality based on artificial intelligence.

To have a clear overview of NinjaTrader, let’s start with the trading fees. In the sections below, you will find the most relevant fees of NinjaTrader for each asset class. For example, in the case of stock investing the most important fees are commissions.

A glance at actual costs and whether NinjaTrader is really free. Is NinjaTrader legit features all the key aspects you need to look at to see if a broker is safe and legit. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises. Now you can simply log in, if you click on the connection you set up, such as ‘My NinjaTrader Continuum’.

Advanced alerting system is only available in the paid version. While NinjaTrader 7 is still available, we tested NinjaTrader 8. NinjaTrader 8 incorporates over 500 changes and enhancements, largely collected from client feedback. The desktop trading platform is available in English, Spanish, Russian, German, Portuguese.

You will also have to answer a few questions regarding your financial and employment situation. Once you select Phillip Capital, you will be redirected to their account opening process. You have to enter a few details, including a valid email address and password, and click on the next. 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. When it comes to customer services, you can contact the NinjaTrader customer support via telephone, Live Chat, email, and a support forum.

NinjaTrader Review

NinjaTrader connects to that service, and you use this trading software to see your third-party brokerage’s data and order trades. Besides advanced charting and market depth tools, there are limited resources for research or insights within the platform. As we have already noted, NinjaTrader is oriented toward a niche of investors focused on active futures and forex trading. From that perspective, the NinjaTrader platform has all the tools and features it needs to be successful. The platform, indicators, and other features are customizable at a very granular level, which is important for active or professional traders.

Finally, investors can use NinjaTrader to simulate trading (“paper trading”) for free. This allows you to learn and use the system, with data provided by NinjaTrader. The latter can be done from within NinjaTrader’s user interface. Algorithmic trading requires knowledge scammed by xcritical of the software’s C# coding language. Consider working with a financial advisor as you sort through the many online investing platforms to find one that fits your skills and goals. Once the strategy gets added, set any strategy properties based on your preferences.

Futures trading can be done by using the NinjaTrader platform, but also other assets like stocks are supported within the platform. So I hope that I was able to avoid as much technical jargon as possible and that you got a solid impression of NinjaTrader 8 and my experience with the trading software. At this point, I would like to emphasize again that you should think about how and what you would want to trade on the stock exchange in advance. I received feedback from a disappointed customer that he got charged for using Kinetick while thinking that the EOD data is for free. First of all, you do not need a subscription to connect NinjaTrader to the free EOD data from Kinetick.

NinjaTrader Review 2023

To read much more details about the broker’s services and features, expand on the sections below. At 1/10th the size of E-mini contracts, start small & scale up as you become more comfortable in the live markets. Trade the same markets as Wall Street at a fraction of the cost & reduce your financial commitment. NinjaTrader provides a C# framework for developers to build integrated indicators, drawing tools, automated strategies and more.

The paid version connects NinjaTrader with the broker platform via API and enables live trading with real money. The minimum account deposit starts at $400, and margin for micros is at $50 per contract and for E-Mini at $500 per contract. Order execution speed of futures contracts is usually fast since the futures market is highly liquid and independently from the platform used. With one-time costs of $1,099 plus possibly several hundred dollars per month for stock market prices, you should also have significant buying power within your brokerage account. This is, of course, only interesting if you are not interested in day trading. When it comes to saving money, NinjaTrader has the edge with its in-house data by Kinetick.

As a result, there are tons of pre-configured trade strategies. You should also be aware that NinjaTrader 8 does not support the TradeStation data feed. NinjaTrader 8 has the right mix of FOREX, FOREX futures, equities, discretionary and automated trading. A self-learning function based on artificial intelligence is the only thing that I believe is missing.

NinjaTrading review: Management

Monthly data fees are required with a full market depth option, or you can get top of book data for reduced fees. The NinjaTrader platform has clean, fully customizable charts. It’s easy to change colors (for background, crosshair, gridlines, text, etc.), fonts, and bar spacing/width as xcritical well as the overall layout of your chart windows. You can easily insert technical indicators, strategies, and drawing tools, which are all customizable within the chart. Futures traders hold their accounts with one of leading futures brokers, like Dorman Trading or Phillip Capital.

Autotrading is a trading plan based on buy and sell orders that are automatically placed based on an underlying system or program. We independently research, test, review, and recommend the best products—learn more about our process. If you buy something through our links, we may earn a commission. Trading strategies are evaluated automatically daily, and tons of pre-configured strategies are available. “Purchase” with a one-time fee of $1,099 or 4 installments of $329. Combined with the free version, this is a complete package that you can only get around with.

NinjaTrader Review FAQs

In case of NinjaTrader, we recommend that you check the background of the broker where your assets and cash are held as NinjaTrader is an introducing broker. NinjaTrader is registered with the National Futures Association , which allows it to provide introducing broker service for companies, such as Phillip Capital or Dorman Trading. These companies are regulated by at least one top-tier financial authority, like the US CFTC or UK FCA. NinjaTrader’s asset classes and the individual assets within each asset class lag behind other brokers.

Using the ‘Trade Performance’ window, you can see your net profit or the commissions you paid. We also liked that the platform will calculate Sharpe ratio, Sortino ratio and the Ulcer index, among many others. You have to add information, such as your name, account number, and the amount you wish to withdraw. For wire transfers, you have to add the wire information, such as SWIFT code or your bank’s name.

Trading beginners will have a hard time at first due to the enormous range of functionalities. As soon as you have worked with NinjaTrader for a few hours, the trading platform is easy to use. And if you don’t https://xcritical.online/ have a real-time feed yet, you can also take a closer look at the in-house Kinetick data feed. NinjaTrader offers its customers live trading for free when opening an account with NinjaTrader Brokerage.

A fully automated trading strategy can be created and designed by inexperienced traders via point-and-click with comparatively little effort. NinjaTrader also provides advanced features and tools that traders frequently seek, like optional order flow analysis capabilities, which can be considered an advanced charting feature. With more than 1,000 apps and add-ons, the platform can be expanded according to your preferences and ideas.