NinjaTrader uses CQG Continuum as its primary data provider for live brokerage accounts, although Rithmic is supported as well. Monthly data fees are required with a full market depth option, or you can get top of book data for reduced fees. NinjaTrader platform is a popular choice for active traders. Because the futures market is extremely liquid, order execution speeds for futures contracts are usually very fast. Futures and forex trading can be done using NinjaTrader’s brokerage services.
- Other reviews have confirmed that NinjaTrader’s trade simulation is an important advantage before the platform goes live.
- NinjaTrader is a windows based platform which relies on the .NET framework.
- NinjaTrader is an excellent trading tool for beginners and a great one for traders who want to use NinjaScript to create their trading strategies.
- Costs are reasonable and there are free indicators and resource options available.
- These brokers offer multiple trading platforms, so during the account opening process email your representative stating you wish to trade with NinjaTrader.
However, only licensed traders can use NinjaTrader 8 to trade live with real money accounts. Yes – the platform is a popular platform used by day traders. Day traders are well catered for with a wide range of tools and features on offer. For live brokerage accounts, NinjaTrader forex broker listings uses CGC Continuum as its primary data provider. NinjaTrader is an open-source system, much like the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platform. The difference is that whilst MT4 attracts mainly forex day traders, NinjaTrader is also popular amongst futures traders.
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Get started today to find out why we are a top online future broker. It offers two services, both available through the same platform. First, this is a charting and market analysis platform that connects to third-party brokerages and lets you use their data. Second, this limefx is an online brokerage that directly supports derivatives trading (futures and options) and foreign exchange. The platform supports all the usual order types, including market, limit, stop market, and stop-limit orders as well as advanced OCO (one cancels other) orders.
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NinjaTrader 8 tutorials, strategy builders, and backtesting guidance can all be found by heading to their trading forum or library of training videos. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. The latter (automation) can be done from within NinjaTrader’s user interface. Algorithmic trading requires knowledge of the software’s C# coding language.
NinjaTrader Review Summary
To submit a support request, visit the Contact Us page on the NinjaTrader website. Live chat is available through the official website on weekdays only. Minimum deposit requirements for Futures and Forex accounts are $400 and $50 respectively. Futures are available from $0.59 per contract ($0.09 per Micro contract). The company also has a YouTube channel which hosts additional content.
The software is compatible with and supported by a range of online brokers globally. This gives you, the investor, the choice on where you execute your trades. NinjaTrader and the community’s ecosystem has a wide selection of educational videos, webinars, and documentation. Vendors provide much of the education, which includes promotional material limefx for vendor systems, add-ons, and plugins, but we didn’t see this as a negative. The existence of a robust ecosystem of other users and professional developers will likely keep the flow of education and ideas fresh. NinjaTrader offers several weekly webinars and recorded videos intended to help you get the most out of the platform.