Table of Contents
NinjaTrader Brokerage Review
NinjaTrader Brokerage is a leading trading service that specializes in futures and Forex. This platform is suitable for scalping in the market of futures and longer-term transactions for more than one day.
The NinjaTrader Brokerage Corporation was created in 2014 as a result of a merger between the two companies, Mirus Futures and NinjaTrader. The combined databases of every contract, and licenses issued to these companies have been valid since that time. At present, NinjaTrader has many efficient trading tools and features, and it offers world-class brokerage services to its clients globally. This service is specifically recommended to both beginner and experienced traders.
NinjaTrader Brokerage allows traders to trade futures at severly-discounted rates with low commissions and low margins. The futures trading account can be opened with as little as $1,000. It is worth noting that active trading on North American exchanges seems problematic with such an amount. Experienced traders recommend entering this market with an amount of at least $10 or $15 thousand.
NinjaTrader does not charge for its services. However, the trading platform can be used on a lease or fee-paying basis. For futures and options, traders are charged a commission of $1.19 per contract. Traders with a leased platform are charged $0.83, and the ones with lifetime license cost $0.53 per contract. The fees for trading sessions can vary from $0.50 up to $4.82 depending on the exchange and leverage applied.
NinjaTrader has several different types of trading such as futures, forex and options. We will try our best to delineate the services that NinjaTrader provides for each. We will also provide ample information on their platforms and systems. NinjaTrader partners with two brokerage firms currently to handle their futures and options services. The brokerages that they partnered with are Phillip Capital and Dorman Trading. The next is the forex account which NinjaTrading has partnered with Oanda brokerage and Forex.com in order to trade forex. Lastly, the futures, forex and options accounts have a pretty straight forward signup through their website.
The trading platform NinjaTrader is comfortable for charting, strategy backtesting, and training on simulators. NinjaTrader is equipped with advanced charts of the futures, Forex, stocks, and CFD markets. It assists traders in visualizing markets, analyzing the order flow in real-time, and improving trading opportunities. Attentive customer support specialists can help traders 24/7. Withdrawal is also convenient through various wallets and bank accounts.
One of the benefits of the NinjaTrader platform is the possibility to use a demo account. This service can be free or paid, depending on the Lite or Pro account type. Typically, it is free of charge during the first 21 business days from the date of registration and account activation. The use of a demo account can be extended after this term.
The users of the NinjaTrader trading platform can trade what they want and how they want. Trades can be executed with futures, Forex, options, CFDs, and stocks using a DOM or ChartTrader. The user can quickly configure every parameter of the trade before entering a position. The platform also offers advanced trade management features, and it is also suitable for automated trading using algorithms set by the trader.
The NinjaTrader platform offers low spreads for Forex trading. The sophisticated technology of NinjaTrader helps the traders to personalize their deals and execute trading transactions at high speed. The platform has excellent functionality allowing not only additional trading but also to developing different strategies. All formulated strategies can be tested and analyzed there.
In general, Ninja Trader is an exciting and convenient platform for trading. However, some traders have indicated the need for special preparation to use it efficiently since many features are not as simple to use as other platforms of the same kind.
Free Live Data
The free live data offered by NinjaTrader have several features that most companies make you pay for. They offer Advanced Charting, Trade Simulation Strategy, Backtesting, Real-Time Scanner, Market Playback and the Custom C# NinjaScript Development. Each one of these programs more or less is worth their weight in gold and completely free. They also off add ons to their programs and free educational videos. Here is a list of some of the addons and educational material that NinjaTrader provides: Free EOD historical data for stocks, futures and forex, market data feeds including Kinetick, 1000s of 3rd party add ons, Free product training webinars, Media rich Help Guide as well as Hundreds of educational videos.
The webinars that NinjaTrader offers are offered in four parts: Getting Started, Order Entry and Trade Management, Charting and Additional Training. We will break down what is offered in each category.
Getting Started with NinjaTrader
Intro to order flow teaches beginners how to use and interpret:
- Cumulative Delta
- Market Depth Map
- Order Flow Trade Detector
- Volumetric Bars.
Order Entry and Trade Management
This section is broken down into three parts:
- Workspace 101
- Semi-Automated Strategies 201
- Semi-Automated Strategies 301
This section teaches how to use and interpret charts and courses are listed below:
- Charting 101: Basic Chart Creation
- Charting 201: Advanced Settings
NinjaTrader Additional Training
This section offers additional training in forex, kinetick as well as how to use their Ninja Script Editor.