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This review of Ninja Trader provided by tradingcritique.com offers an in-depth analysis and highlights the key features and capabilities of the platform.
Ninja Trader is a high-performance trading software and market data service provider for active traders which trade stocks, options, futures, & forex. They’ve been established around 2004 and have evolved into a large active trading company with over 5, 00,000 users. If you don’t have access to a real-time feed, you can check into the Kinetic data stream in-house.
Table 1: Ninja trader Overview
 OVERVIEW |
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|---|---|
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Regulated By |
The National Futures Association (NFA) United States |
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The Commodity Futures Trading Commission (CFTC) United States |
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Founder |
Martin Franchi |
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Established Year |
2003 |
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Account Types |
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Individual Account |
|
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Joint Account
|
|
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Corporate/LLC//Trust/Partnership
|
|
|
Retirement |
|
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Demo Account |
YES |
|
Market Instruments |
Options |
|
Futures |
|
|
Forex |
|
|
CFDs |
|
|
Stocks |
|
|
Trading Platforms |
|
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Desktop Trading Platform |
|
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Mobile Trading Platform
|
|
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Minimum Deposit |
$400 |
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Maximum Leverage |
Up to 50:1 |
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Deposit and Withdrawal Method |
Bank Transfer |
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Account Base Currencies |
USD EUR GBP
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|
Customer Support |
24/5 -Technical Support 24/7 -Emergency Trade |
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Fees |
Details |
|
Commission |
YES |
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Trading fee |
YES |
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Currency Conversion fee |
YES |
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Inactive fee |
YES |
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Deposit fee |
YES |
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Withdrawal fee |
YES |
Ninja Trader is designed for day traders, but investors will appreciate the learning resources and end-of-day charting. Trading View, on the other hand, is a good option for those who rely on technical analysis.
Image 1: Home page on Ninja trader website
Image Copyrights reserved to Ninja trader
Ninja Trader is headquartered in Denver, Colorado, Chicago, and Illinois. The National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC) regulate and certify Ninja Traders in the United States. It employs more than 1 lakh people who work for and represent more than a million traders throughout the world.
Table 2: Awards of Ninja trader
 Awards |
 Awarded By |
|---|---|
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STAR Award |
Trader Planet |
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Reader’s Choice Award |
Stocks & Commodities |
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Member’s Choice Award |
Trade2Win |
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True Edge Award |
Futures.io |
Image 2: Awards of Ninja trader website
Image Copyrights reserved to Ninja trader
EUR
USD
GBP
This broker provides a diverse variety of asset types, with a strong emphasis on futures trading. For stock trading, the platform may be used in conjunction with several other brokers such as Interactive Brokers, TD Ameritrade, and many others. It is possible to connect and trade with many brokers at the same time. The CME, CBOT, NYMEX, NYBOT, and Eurex are all available through Ninja Trader Brokerage. Ninja Trader allows you to trade the following asset classes:
Futures
Forex
CFDs
Stocks
Options
Image 3: Assets of Ninja trader website
Image Copyrights reserved to Ninja trader
This broker’s platform has been designed in such a manner that it enables a simple and rapid set-up in a matter of minutes. Ninja Trader 8 or 7 may be downloaded and traders can begin trading right away. Ninja Trader Brokerage users can utilize the platform in over 15 different languages. Their platform is linked up with a wide range of brokers, including:
Ninja Trader Continuum
Ninja Trader Rithmic
FXCM
Clear Corretora
CQG
Interactive Brokers
MB Trading
GAIN Capital/FOREX.com
TD Ameritrade
Image 4: Platform fees in Ninja trader
Image Copyrights reserved to Ninja trader
There are versions of Ninja Trader for both mobile and desktop devices. Data charting, customization, and trading tools are all included in that software. Ninja Trader 8 and its predecessor, Ninja Trader 7, are now available for download on iPhone, Android, Mac, & Windows.
If you’ve dealt with the company’s desktop platform, you’ll find the mobile app version to be just as easy and user-friendly. The Ninja Trader app is available on both the Google Play Store and the Apple Play Store. Both the Google Play Store and the Apple Play Store must be installed on your mobile device.
For beginners, the Ninja Trader desktop trading software may be too complicated, but for expert users, Ninja Trader shines. Ninja Trader is ideal for day traders who want to trade from the chart. The desktop platform is extremely configurable, and the Ninja Trader Ecosystem has dozens of applications and add-ons to help you customize it.
Image 5: Trading Platforms of Ninja trader website
Image Copyrights reserved to Ninja trader
Ninja Trader 8
Ninja Trader 7
Traders can utilize the newest, updated version of Ninja Trader 8 for scripting. The Ninja Trader 8 platform includes several important trading tools, methods, and indicators for both professional and active traders. Trading programmers, drawing tools, charts, indicators, and the platform’s trading system can also be built, installed, or extended. The trader should be conversant with the C programming language to do so.
Ninja Trader 7 provides scripts to some of the most active and experienced traders. Some traders favour Ninja Trader 7, rather than Ninja Trader 8. You may link your brokerage account to the Ninja Trader 7 platforms with the support of Trade Station, which charges no fees for its services. After you’ve connected them, you’ll have access to all of your Trade Station data. Since using financial data in Trade Market doesn’t require a large financial investment, Ninja Trader has accomplished a lot. The challenge of using Ninja Trader 7 and Trade Market at the same time is that once Ninja Trader 7 is linked, Ninja Trader 8 cannot be connected to your Ninja Trader brokerage account.
Ninja Trader is open for business 24 hours a day. Although there is a closing time for future trading, all intraday positions must always be closed 15 minutes even before the session closes for Ninja Trader brokerage clients. The service ends at 4 p.m
Individual account – This account is accessible by individuals.
Joint account –A joint account is one that may be used by one or more people.
Corporate/Trust/Partnership/LLC –A legal entity can own a corporation, trust, partnership, or limited liability company (LLC).
Retirement account – An account that offers tax advantages and is only accessible to citizens of the United States is a retirement.
A demo account functions similarly to a real account, however, it is completely free to use. It serves as a try-and-test tool for all the company’s traders to test and refine their trading strategies. This demo account, like a genuine account, offers a variety of services and features to give it a feel similar to the live market. Ninja Trader’s virtual currency is $10,000.
Image 6: Free demo account of Ninja trader website
Image Copyrights reserved to Ninja trader
A minimum deposit of $400 is necessary for a futures account, and a minimum deposit of $50 is necessary for an FX account. Users can choose between three licenses: “Free,” “Lease,” and “Lifetime.” The ‘Free’ license has no restrictions and requires no payment. The yearly, semi-annual, and quarterly rates for the ‘Lease’ license are $720, $425, and $225, respectively. A single payment of $1,099 is required for the ‘Lifetime’ license. Micro contracts have commission rates as low as $.09.
You’ll have to pay for any data streams you want to subscribe to, and the costs vary greatly. You will also be responsible for any fees charged by your selected brokerage. This service has a $40 withdrawal fee, and if you don’t trade for a month, you’ll be charged a $25 inactivity fee.
Table 3: Commissions of various assets in Ninja trader
| Commission | |||||
|---|---|---|---|---|---|
|
Asset |
Own License |
Lease License |
Free License |
Exchange & NFA Fee |
Order Routing Fee |
|
Micro E-mini-S&P 500 Futures |
$0.09 per contract |
$0.25 /contract |
$0.35 /contract |
$0.27 |
$0.15 |
|
E-micro-Euro /American Dollar Futures |
$0.09 per contract |
$0.25 / contract |
$0.35 / contract |
$0.18 |
$0.15 |
|
Micro Bitcoin Futures |
$0.09 / contract |
$0.25 / contract |
$0.35 / contract |
$2.52 |
$0.15 |
Image 7: Comparison of license on Ninja trader website
Image Copyrights reserved to Ninja trader
Ninja Trader Brokerage accepts the following payment options for funding: Bank Transfer, or Check, among others. Depending on the method, it may take 2 to 5 days or longer to withdraw money from Ninja Trader Brokerage.
Table 4: Withdrawal fees and Methods of Ninja trader
 Withdrawal method |
 Fees |
|---|---|
|
Bank Transfer (International) |
$40 |
|
Bank Transfer (Domestic) |
$30 |
Ninja Trader provides high intraday margins of $50 for Micro contracts and merely $500 for futures markets like the E-mini-S&P 500. When Initial Margin is required, Intraday Margin rates are valid from the time the product is opened until 15 minutes before the session closes. The exchange sets the initial margin, which is the amount necessary to retain a position in the following trading session. Liquidation and associated fees will be applied to accounts that do not fulfil margin requirements.
Image 8: Trading Sessions of Margin in Ninja trader website
Image Copyrights reserved to Ninja trader
For sophisticated charting, back testing, and trade simulation, Ninja Trader is almost always free to use. Ninja Trader offers extensive charting capabilities, including the option to trade directly from the chart. To validate movement in a given direction, use order flow, volumetric bars, and market depth. Custom Ninja Trader applications allow you to tailor your trading charts and narrow the scope of your research.
Image 9: Advance charting of Ninja trader website
Image Copyrights reserved to Ninja trader
Simulation is available as a free trial and utilizes either random data or actual data that is updated every day after the trader has developed a successful strategy and is ready to go on to live trading with real money.
Image 10: Simulation of Ninja trader website
Image Copyrights reserved to Ninja trader
Kinetic offers a stock quotation data stream that Ninja Trader 8 customers may use to acquire free end-of-day data. With a few mouse clicks, the trading platform may be linked to the free Kinetic data. Ninja Trader may be launched at the same time as the Kinetic feed, which includes stock market prices, once it has been set up.
You don’t need a subscription to connect Ninja Trader with Kinetics’ free EOD data and may connect with Kinetic EOD data using your Ninja Trader application. Furthermore, you will be paid again for the service you selected if you subscribe to Kinetic data through their website.
Image 11: Kinetic Data feed of Ninja trader website
Image Copyrights reserved to Ninja trader
The fantastic option for trading is Ninja Trader 7. You may link Ninja Trader 7 to your Trade Station Brokerage Account and use whatever data you have there. Because if you establish an account with Trade Station, intraday data is free. However, only Ninja Trader 7 may be used, as Ninja Trader 8 no longer supports this connection. The Trade Station data stream cannot be used to trigger live transactions in Ninja Trader. As a result, this solution is a good alternative for traders who wish to test strategies on a limited budget and without having to pay for exchange data subscriptions.
Ninja Trader’s third-party developer community, also known as the Ninja Trader ecosystem, has thousands of third-party add-ons and applications that allow traders to access the trading platform directly from the website.
Image 12: Ninja trader Ecosystem of Ninja trader website
Image Copyrights reserved to Ninja trader
The extensive library of educational resources may help you learn the platform or brush up on your skills if you’re new to the trading market. Ninja Trader has plenty of educational resources aimed at turning even the most inexperienced traders into experts. You’ll get access to training materials and tutorials, as well as daily webinars and forums, all of which are meant to help you become a very successful trader.
Image 13: Education and Research section of Ninja trader website
Image Copyrights reserved to Ninja trader
There are various unique deals and promotions available from the firm. Clients can begin trading with as little as $400. They also provide referral benefits, which customers may collect when they utilize a referral code. Likewise, they also provide several special deals from time to time. They also provide a service where traders may clear their savings by paying lower fees.
Ninja Trader has both advantages and disadvantages, which are listed in table 5.
Table 5 : Rewards and Risk of the Ninja trader
 Pros |
 Cons |
|---|---|
|
Low trading commissions
It provides a wide range of research and instructional materials.
Ninja Trader comes with a wide range of analytical tools.
It offers trading simulations.
For expert and experienced traders, this is an excellent platform. |
There is a high withdrawal cost. There is no Ninja Trader API development kit included. There isn't a Ninja Trader mobile app available. There is no help accessible 24 hours a day. |
Ninja Trader provides customer assistance by email, and phone, as well as an online support form. It offers direct phone assistance for brokerage clients with critical trading issues. Professional Spanish, Russian, & German brokerage service teams also provide direct help to international traders. In the Ninja Trader User Forum, an active user community engages directly with the Ninja Trader support team. Ninja Trader’s customer service is excellent, with technical help available 24 /5 and emergency trade assistance available 24 /7.
 Ninja Trader Social Media Pages |
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 Linkedin |
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+1-312-423-2234 |
 Email |
orders@ninjatrader.com |
 Instagram |
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Image 14: Customer Support Page of Ninja trader website
Image Copyrights reserved to Ninja trader
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