NinjaTrader is a powerful derivatives trading platform specializing in futures, forex and options. A free version does exist without the extra goodies provided by Trader + and OrderFlow + but users can still break down charts, backtest strategies and trade without upfront payment. NinjaTrader hosts its own brokerage services but users have their choice of several different brokerage options. Accounts have minimums depending on the securities traded and commissions vary depending on the version of the platform. Advanced derivatives traders will have endless fun with the platform’s mighty array of tools and analyzers.
- In what may be one of the more clever details among trading platforms, NinjaTrader even allows you to trade directly from within your charts and tables.
- The entry-level account size with prop trading firms is around $25,000 but goes into the millions if a trader successfully proves that he can generate meaningful returns.
- Gasoline Futures
Gasoline futures are an important energy market that can be influenced by economic conditions, making it an efficient way to trade price fluctuations in gasoline. - Coinbase Derivatives offers highly correlated futures products with no market data fees and smaller, more affordable contracts than the competition.
- Of course, you can do this on your own if you have experience coding and want to learn something new.
Earn2Trade offers innovative trading concepts for a prop trading firm career at reasonable pricing as the best prop trading firm for beginners. The number of supported trading platforms is comparable to Topstep, and their reputation has also been good for a couple of years. Other than delivering software, NinjaTrader is registered as a National Futures Association firm and an introducing broker. NinjaTrader is an online platform that can be used to trade a range of assets including forex, futures and stocks. In 2018, the platform announced an integration with Coinbase to support cryptocurrency market data.
NinjaTrader’s Commission and Fees
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. Future contracts gather a large trading volume daily which leads to high levels of liquidity. With a continuous flow of buyers and sellers in the futures markets, market orders can be executed swiftly. For instance, if a trader decides to invest $2,000 into Microsoft (MSFT) stock priced at $200, they can either purchase 10 stocks or a futures contract of 100 Microsoft stocks.
Users can utilize the well-known MetaTrader 4 and MetaTrader 5 platforms for trading activities. In addition, the prop firm provides a proprietary user dashboard with helpful financial visualizations and trading KPIs. Trading can be stressful when you have real money on the line—so be prepared for the real-world trading environment when you join it. Sharpen your trading skills and test your ideas risk-free in a simulated trading environment featuring live streaming market data. Our free futures trading simulator lets you flex your muscles without having any real skin in the game. The NinjaTrader platform provides a high-performance backtesting engine which allows users to test and verify futures trading strategies using historical data.
Platform
Next you will be required to verify your identity and address by uploading copies of your passport, drivers license and utility bills and bank statements dated within the last 6 months. Platform has lot of different hidden charges, balances are not accurate, you need to keep records of your daily operations. Customer service is not friendly and not helpful , when market volatility is high the platform always collapses , I do not recommend this platform .
Connect with Additional Supported Providers
NinjaTrader offer a huge range of help guides, video tutorials and webinars, both for beginners, and also for advanced traders looking to get the most out of the system. There is also well informed customer support team, and lively user support forum. Any gaps in knowledge can be rectified using any or all of the above educational tools. Once you open your account, you can sharpen your trading skills in our FREE futures trading simulation. Equipped with professional market data, our trading simulator will empower you to join the live futures market with confidence.
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. When it comes to platform fees, the broker’s advanced platform and live data are available free of charge for use in a demo account. For live trading, you can use their free platform with all the basic essentials or choose a paid license level for more advanced features and lower commissions. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
NinjaTrader is a trading software company that is based in the US and offers a top-rated online trading platform with sophisticated research tools. NinjaTrader users benefit from being able to connect their brokerage accounts to NinjaTrader platforms. This may be one of the most customizable trading programs on the market today. Not only can you select the broker that you want to do business with, but your options for building the software and its data sets are truly vast. NinjaTrader offers well over 100 individual technical indicators that you can either track individually or combine into tables and charts based on your own, personal trading strategy.
That’s because the company promises $50 day trading margins and commissions as low as $0.09 per contract, and investors can get started with no minimum deposit. The platform offers more than 100 types of futures contracts to choose from, including interest rates, currencies, metals, and more. All NinjaTrader users with real-time streaming and historical plans get access to FREE End of Day (EOD) data for stocks, futures, and forex markets.
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. NinjaTrader’s modern-design quotes allow traders to clearly see the state of the market, rapidly analyze the data, and act quickly to make an informed trading decision. NinjaTrader provides 24/5 and weekend technical support, along with a 24-hour trade desk for emergencies and live orders. Live chat help is available on weekdays on the NinjaTrader website, and the response times were reasonable. Visit NinjaTraders Contact Us page to call, email, or submit a support request.
It boasts easy-to-use trading and order management tools, advanced order types, dozens of indicators, and customizable charts styles and intervals. NinjaTrader uses CQG Continuum as its primary data provider for live brokerage accounts, although Rithmic is supported finmax broker as well. Monthly data fees are required with a full market depth option, or you can get top of book data for reduced fees. TradeStation is another investment platform that offers multiple investment options, including much more than futures trading.
Pricing Plans That Fit Your Trading
NinjaTrader continues to meet the demands of active futures traders looking for low fees and premium analysis tools. The platform hosts top-rate charting features including hundreds of indicators and 10+ chart types. Some online brokerage platforms are best for beginners, while others are more fitting for more advanced traders. We evaluated NinjaTrader with a focus on how well it performs as a futures trading platform, as well as the past experiences of users.
With customizable charts and other advanced tools and features, the NinjaTrader desktop platform is perfect for active traders. As far as the user experience for beginner traders is concerned this may be rather daunting and difficult for someone with little experience in online trading. The free version, which is included with all brokerage accounts is a great starting platform for new traders without the financial commitment. As you grow in your trading and are ready for more tools and functionality, you can add more complexity.
The main benefit of connecting other brokerage accounts with the NinjaTrader platform is that you can buy and sell other popular financial instruments such as stocks on the NinjaTrader trading platform. If you lease or buy a Lifetime license for the trading platform software, you also gain access to a suite of premium https://traderoom.info/ features that include its advanced trading management (ATM) strategic order handling. Traders who purchase a lifetime license also get the Order Flow feature set which comes with free platform upgrades for life. NinjaTrader has its flagship advanced trading platform for Windows-based desktop computers.