Hello, gorgeous! This post will be another online trading broker review. This time comes in the form of the NinjaTrader brokerage review.

It is not a simple broker; it is a software for traders who would like to deepen their knowledge and skills on analytical trading and the reading of trading charts.

We are going to discuss a few aspects of the NinjaTrader broker software, including NinjaTrader commissions, NinjaTrader demo trading and comparing Metrader vs NinjaTrader.

NinjaTrader review

NinjaTrader trading platform was founded in 2003 and has ever since been providing industry-leading software and brokerage services for active traders.

The best thing about NinjaTrader is that there are no fees for using the broker’s standard features such as trade simulation, advanced charting, market analytics, automated strategy development, and more!

Even if you don’t choose NinjaTrader as your go-to broker, you can always practice your chart reading skills and develop as an analytical trader with their demo trading option, which we’ll talk about later.

After your demo month, one thing that this NinjaTrader brokerage review needed to highlight is the flexibility in that you can continue using it for free, buy it, or lease the program at your choice.

Free option

Annual lease

Bought software

No payment, but higher commission rates. The most flexible type of payment. The most economical type of payment.
$0 Current prices:

$720 – annual lease

$425 – semi-annual lease

$225 – quarterly: auto-renewing subscription

Current prices:

$1099 – single payment

4 monthly payments of $329

Includes data, add-ons, education, and standard features:
  • Advanced charting

  • Trade simulation

  • Strategy backtesting

  • Real-time scanner

  • Market playback

  • Custom C# NinjaScript Development

Includes everything the free option does, plus several premium features:

 

  • Automatically submit protective stop loss and profit target orders (ATM Strategies)

  • Chart trader

  • One Cancels Other orders (OCO)

  • Order entry hotkeys

  • Custom indicator, strategy & trading App development

  • Automated Trading & Backtesting

  • Advanced alerting system

  • Enhanced SuperDOM

  • Modify orders via indicators

  • Tabbed window management

  • Auto-close positions

Includes the essentials, all the premium features included in the annual lease, and all the Order Flow premium features available for NinjaTrader 8:

 

  • Volumetric bars (footprint style chart)

  • Market depth map

  • Volume profile indicator

  • Volume profile drawing tool

  • Trade detector

  • Cumulative delta

  • VWAP with deviation

NinjaTrader is the paradise of analytical traders, allowing them to go deep within advanced trading charts and helping them with understanding the patterns of the market.

Now let’s talk prices. The NinjaTrader commissions are variable, and you can check them here.

These were some of the prices updated on 06th November 2019.

NinjaTrader

As you can see, the free version of the brokerage has extremely higher commissions than the other versions. So, if you truly want to use NinjaTrader as your go-to brokerage, it’s recommended that you choose one of the two paid options.

NinjaTrader also offers several data providers, which are solutions based on different trading needs.

NinjaTrader Continuum NinjaTrader Kinetick NinjaTrader Rithmic
Continuum delivers low-latency connectivity to the futures exchanges, focusing on speed and reliability. Kinetick streams well-optimized real-time quotes and historical market data service. Rithmic delivers low latency connectivity and high throughput performance.

 

The data providers make day trading with NinjaTrader a great experience. The platform offers you real-time quotes and prices so that your trading experience is as accurate as possible.

Popular Articles On Learning To Trade:

NinjaTrader brokerage review of demo trading

As I said before, NinjaTrader software is free to download and use. So, in case you’re interested in checking the NinjaTrader platform, you can do it right now without having to pay anything.

However, if you want to take a peek at and get free access to some premium features, you can go for the demo trading account. NinjaTrader demo trading features are many:

  • Trade simulation

  • Signal development

  • Backtesting

  • Advanced Charting

This access will last for one month. However, if you don’t feel ready to trade live after this period, you can create another demo trading account!

Check the article on how you can know when you’re ready to leave demo trading to trade real money.

You can put your skills to the test in the award-winning NinjaTrader trading platform without the need to spend anything. Amazing, right?

With NinjaTrader demo, you’ll have a comprehensive evaluation of the program and decide whether you’ll live trade with it or not.

NinjaTrader mobile

NinjaTrader, unfortunately, does not have a mobile app version of its platform yet. However, you can access NinjaTrader through the remote chrome desktop application for iOS or the one for Android. A downside highlighted in this NinjaTrader brokerage review, however as a serious trader I wouldn’t expect you to be trading on your mobile anyway.

NinjaTrader for Mac and NinjaTrader for Linux

NinjaTrader for MAC and Linux operating systems is also not yet available.

This happens because NinjaTrader 7 and NinjaTrader 8 are Windows applications – they rely on the .NET Framework, which is only operated by the Windows Operating System.

However, three virtualization tools allow you to run NinjaTrader on a MAC computer: Parallels, Apple Boot Camp, and VMWare. For the specific instructions, check NinjaTrader’s forum.

NinjaTrader brokerage brokers list review

You can trade with another broker through the NinjaTrader platform if that’s what you’d like!

NinjaTrader launched the NinjaTrader Brokerage in 2014, so they have a limited list of brokers since their software works best with the NinjaTrader Brokerage, of course.

However, there are still a few other brokers you can link your account to NinjaTrader software.

Now let’s get to the NinjaTrader brokers list:

  • FXCM

  • Ameritrade

  • Oanda

  • Forex.com

  • Interactive Brokers

  • City Index

NinjaTrader 8 major enhancements

The new generation of the software, NinjaTrader 8 incorporates over 500 enhancements and changes collected from client-based feedback.

NinjaTrader 8 major enhancements

General

Forex

Trading Interface

  • Upgraded to the latest Microsoft .NET 4.5 runtime environment;

  • Added support for concurrent historical bar requests, improving data load time compared to NinjaTrader 7;

  • New tabbed interface available from all trading and market analysis interfaces;

  • And more.

  • Improved internal multi-currency rate conversion for accurate profit and loss reporting;

  • Added a configurable currency denomination setting per Forex and CFD account connection;

  • New FX board;

  • FX Pro window design updates;
    And more.

  • Updated quantity selector;

  • Now it is possible to select secondary simulation accounts in the account selector while using global simulation mode;

  • Added the possibility of multi-instrument charts usage;

  • Improved hotkey setup process to allow for recording keystrokes;

  • And more.

This chart only shows a few of the enhancements of NinjaTrader 8 vs 7. The full list can be found here on the topic “What’s New in NinjaTrader 8”.

Metatrader vs NinjaTrader

Now let’s make a comparison of Metatrader vs NinjaTrader. Both platforms allow traders to use several types of charts, indicators, and timeframes, and to create multiple types of analysis.

If you want to trade with a broker that is not on the NinjaTrader broker’s list, you should check the thousands of options available at Metatrader. This is an advantage to trade with them – and is a key takeaway in this NinjaTrader Brokerage Review.

However, NinjaTrader offers much more detailed trading charts and analytics, which means it’s the best for both professional traders and beginners who would like to deepen their knowledge in technical analysis.

NinjaTrader Brokerage Review Conclusion

Yay, another review for you, ladies! This NinjaTrader review was wonderful to make since I genuinely believe their software can help you become a better trader who is more conscious of her transactions.

Even if you decide only to use their demo account, you’ll see that your technical reading of charts will improve significantly.

If you want to get even deeper, check the NinjaTrader 8 Help Guide. They have an extensive table of contents that explains every feature of the platform and the procedures involved in using it!

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