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NinjaTrader Review

NinjaTrader is an online trading software and market data service company that focuses on providing high-performance trading software  for active traders looking to trade stocks, options, futures and Forex products. They have been around since 2004 and have grown into quite a big active trader firm with over 40,000 users and counting. Their award winning trading platform is powerful with advanced features and technology to meet the most demanding traders needs and is free for the standard features like charting, market analytics, automated strategy development, trade simulation and back testing. Ninja Trader also provides thousands of add-ons and apps for indicators to help you make informed decisions when trading. You can take their platform on a free trial run before you commit any capital

NinjaTrader’s customer service is top notch with 24/5 technical support and 24/7 emergency trade support. Their reps were well informed and friendly to talk with while checking out their products and services. Their emails are answered in a timely fashion with thoroughly explained information. The only thing missing is a chat service but other than that they met or exceeded expectations for customer service.

 

Commission & Fees

NinjaTrader has a brokerage business for futures and forex products while stocks and ETFs can be traded through other brokers while using their software for charting and market data. Commission for futures is $0.53 while forex is dependent on the currency pair you trade and whether you are leasing their platform or have bought a lifetime license. For commission schedule for forex products please see this link.

If you are looking to buy or lease the platform there are a few different ways you can go about this. There is no fee for using NinjaTrader’s standard features, which include advanced charting, market analytics, automated strategy development, backtesting and optimization, and trade simulation. If you want to lease it you can choose to pay $600 for the annual lease, $330 for the semi-annual lease or $180 for the quarterly lease. Obviously the year lease is the best of these three so if you can commit for a year that’s where you’ll get the most bang for the buck on the leasing options. If you really like the platform and would like to own a lifetime license while receiving free upgrades for life you can either pay a single payment of $999 or do a 4 month payment plan of $299. It’s a little bit more for the month plan so if you can afford the full $999 then that is your best option.

 

Trading Platform & Tools

NinjaTrader’s platform is intuitive, powerful and full of all the latest technology. It has lightning quick market data in a user-friendly interface that is fully customizable to your taste and needs with all the bells and whistles. You’ll get streaming quotes and market data, advanced charting with tons of indicators and tools to customize however you want, alerts, time and sales, level 2, news and a lot more. Their platform can be linked up to a large list of brokers including:

  • NinjaTrader Continuum
  • NinjaTrader Rithmic
  • FXCM
  • Clear Corretora
  • CQG
  • Interactive Brokers
  • MB Trading
  • GAIN Capital/FOREX.com
  • TD Ameritrade

You can also personalize your platform with their apps and add-ons you can purchase that can supply advanced indicators, algo strategies and much, much more. You can have a look at what they have to offer here. The one feature that I really liked is you have the ability to code your own indicators or trading strategies within the system if you know how to code. If not, then you can always hire someone to help you write the code.

Overall, their platform is top notch and will supply you with all the bells and whistles needed by active traders.

 

Final Thoughts

After fully exploring NinjaTrader, I was very pleased with the level of service provided along with the quality of their products and would definitely recommend checking them out if you are in the market for powerful software and market data. Their customer service was above average and pleasant to work with. If you want more information you can check out their site here.

 

As always if you have any questions or comments regarding NinjaTrader, please leave us a comment below!

 

 

Reviews by Warrior Trading

 

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