Chart Trader also allows traders to modify and execute orders directly from the trading chart. Balancing the cost of data feeds with the value they provide is essential. NinjaTrader’s data feeds are highly customizable, letting you cherry-pick the exact exchanges and depth you need. It’s always important to carefully consider whether such trading is suitable for your circumstances and financial resources. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.

It’s possible to trade traditional futures with NinjaTrader, but you can also trade in micro futures, a smaller version of the same futures contracts. This makes it possible to start futures trading with lower upfront costs. You can trade contracts for stocks, cryptocurrency, crude oil, gold, natural gas, and more.

Submit Your Own Review of NinjaTrader

Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one’s financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Visit the NinjaScript File Sharing discussion in the NinjaTrader user forum to interact with fellow traders and the NinjaTrader support team. While NinjaTrader’s platform is exceptionally customizable and offers numerous advanced features, it may not be considered easy to use when you first download the platform.

It’s easy to change colors (for background, crosshair, gridlines, text, etc.), fonts, and bar spacing/width as well as the overall layout of your chart windows. You can easily insert technical indicators, strategies, and drawing tools, which are all customizable within the chart. Both NinjaTrader and futures trading aren’t recommended if you’re an inexperienced investor.

• NinjaTrader is an online platform that can be used to trade a range of assets including forex, futures and stocks.
• Trader + and Order Flow + and paid services that traders can upgrade to, but the core essentials are free for the lifetime of the account.
• NinjaTrader is a futures trading platform that allows investors to trade more than 100 futures products, including commodities, stock index futures and crypto futures contracts.
• The platform and brokerage are both geared toward active futures and forex traders who need a solid technical analysis platform.
• NinjaTrader’s data feeds are highly customizable, letting you cherry-pick the exact exchanges and depth you need.
• As a brokerage, NinjaTrader offers access to the futures and forex markets.

Portfolio Analysis and Reports

In 2018, the platform announced an integration with Coinbase to support cryptocurrency market data. For live brokerage accounts, NinjaTrader uses CGC Continuum as its primary data provider. Another NinjaTrader fee worth mentioning is market data — the platform requires paid market data subscriptions to execute trades on most contracts. The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. NerdWallet, Inc. is an independent publisher and comparison service, not an investment advisor.

To make your search easier, here’s a short list of our best trading platforms of 2024. NinjaTrader is equipped with security measures to protect users’ personal and financial information. The platforms employed data encryption, two-factor authentication, and security keys. Furthermore, NinjaTrader partners with reputable brokerage firms to ensure reliable and secure trade execution. Where the monthly plan through Tradovate costs $99 per month just like with NinjaTrader, the lifetime plan through Tradovate costs $199 per month prepaid annually (or $2,388). Interestingly, the fees for standard and micro contracts for each plan tier through Tradovate are almost identical to those through NinjaTrader.

The platform, indicators, and other features are customizable at a very granular level, which is important for active LexaTrade Review or professional traders. Again because NinjaTrader is primarily a futures and forex brokerage, financial statements, news, and economic data that you might find in other professional platforms are missing. While the technical data is comprehensive, you’ll have to use another resource for fundamental information if you need that type of analysis.

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. The company also provides brokerage services to support both forex and futures traders with discounted pricing. To access the platform’s premium features—such as advanced order types, automated trading, and backtesting—you’ll need to lease or buy the software (from $60/month to lease; $1,099 one-time payment to buy). The Order Flow+ suite of premium features, which allows review: mergers & acquisitions for dummies you to analyze trade activity using order flow, volume bars, and market depth, is available only with a lifetime license.

Dan lives in Bucks County, PA with his wife and enjoys summers at Citizens Bank Park cheering on the Phillies. One of the best back testing software around, create any indicator you can think of, (Coding in Pine Script is Easier – But extremely limiting). If you have programming skills, you can build compatible software within its advanced C# based development environment. If you’re interested in trying out the NinjaTrader platform using futures data, you can register to get a free 2-week trial.

NinjaTrader Data Fees

In addition to its powerful desktop platform, NinjaTrader offers a mobile app with trading features and a built-in newsfeed. However, it’s a bit confusing to get around, especially if you’re not a futures trading pro — much of the in-app navigation is based around a « swipe at the edge » mechanic that isn’t really intuitive. The free platform is sufficient for new traders with more advanced tools available as need such as semi-automated execution. NinjaTrader’s low commissions and fees, free tools and an active community forum will work to any trader’s advantage. If you lease or buy a Lifetime license for the trading platform software, you also gain access to a suite of premium 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.

What types of data feeds are available through NinjaTrader?

Despite offering a simulated trading environment, NinjaTrader isn’t very beginner-friendly. The mobile app interface is difficult to navigate if you’re a newcomer to futures trading. Plus, almost every contract requires market data subscriptions (which cost money) to be tradable, even for simulated trades. This isn’t made clear in the platform’s advertising materials or signup process. » A free version of the NinjaTrader platform is included with all funded brokerage accounts and has all the core features needed for live trading, with access to charts, market analysis and simulated trading. As one of the best commodity trading apps, NinjaTrader is best suited for seasoned investors who can use its robust trading tools and features.

Final Thoughts on NinjaTrader Data Fees

The NinjaTrader platform provides a high-performance backtesting engine that fxcm broker allows users to test and verify futures trading strategies using historical data. A wide range of useful educational materials are available if you’re unfamiliar with its platform and want to enhance your skills. It’s not a typical stock broker where you can buy and sell individual stocks, exchange-traded funds (ETFs), and other types of investments. Although it’s an excellent futures broker, it’s more limited than many competitors. There are plenty of brokers that offer futures trading and stock trading.

This plan includes order flow and add-ons, potentially lowering additional trading fees. In this 2024 review, we walk through the NinjaTrader 8 platform ecosystem. We unpack the range of features on offer as well as indicators, charts and demo accounts, plus compatibility with top brokers including NinjaTrader Brokerage.