NinjaTrader Platform Review: Brokerage, Customer Service, Commissions & Fees

ninjatrader forex brokers

All of NinjaTrader’s educational offerings can be accessed for free by anyone—clients and non-clients alike. Choosing a forex trading platform is a crucial decision that can significantly impact your trading journey. By understanding the key features, considering the factors, and assessing your needs, you can make an informed choice that sets you up for success.

Lightspeed Trading Review: What’s The Platform’s Real Cost & Commissions?

ninjatrader forex brokers

Kinetick is also available as a free end-of-day market data source for stock, futures and forex data-optimized exclusively for use with NinjaTrader’s platform. NinjaTrader has its flagship advanced trading platform for Windows-based desktop computers. If you are a Mac user, you can run the trading software using a multi-boot utility like Apple Boot Camp. In addition, the broker offers competitive spreads and a high-speed execution service for forex currency pairs.

Which Forex brokers offer NinjaTrader?

Yes, NinjaTrader empowers forex traders with industry leading charting, analysis and automation capabilities. Forex traders can use this top-class trading platform to uncover hidden opportunities and optimize order execution using some of the most advanced trading technologies. Furthermore, traders can identify trading opportunities more accurately because of sophisticated charting capabilities, diverse technical indicators, and advanced market analysis features. To make the most of NinjaTrader’s charting tools, start by selecting the desired currency pair and timeframe. For technical analysis, popular indicators like MACD, RSI, and Bollinger Bands can help you identify trends, reversals, and overbought/oversold conditions. You can also draw trendlines, support, and resistance levels to mark key areas on the chart.

Step 4: Acquaint yourself with the platform

You can sign up for a NinjaTrader brokerage account, or one of its partner brokers, on the NinjaTrader website. Forex trading is an exciting market that offers immense opportunities for investors to make profits. In this article, I will guide you through the process of choosing a forex trading platform that suits your needs and helps you achieve your trading goals. Being a trading platform, the number of covered markets and tradeable instruments completely depends on the broker to which you connect the platform. The platform itself does support all major markets, including the stock and bond market, Forex, commodities, ETFs and CFDs. Certain tools, such as the FX Board, are developed to cover specific markets in more depth.

How to Use NinjaTrader’s Advanced Tools for Forex Trading

The NinjaTrader platform primarily caters to professional traders who need advanced charting tools, customized add-ons, a wide range of market orders and trade management tools, and a fully-customizable trading interface. While beginners may be overwhelmed by the platform’s features at the beginning, NinjaTrader’s online community and supporting documentation could help them become familiar with the platform’s advanced tools. Their futures trading platform is the ideal destination for those both active and new, with unlimited free use for advanced charting, market analysis, and simulation trading. Founded in 2003, NinjaTrader offers software and brokerage services for active traders.

To use the platform on an Apple computer, users need to install a virtual machine simulator such as VMWare, which enables the Apple computer to run a Windows operating system. In addition, personal support is also available in English, Spanish, Russian and German. Furthermore, Oanda affirms that an order book is not operated where the orders of clients can either provide or take liquidity. All orders which are executed through Oanda are at the best available rates and executions are done at optimum speeds. Operations expanded greatly in recent years and Interactive Brokers has widened its reach around the globe in various countries. While the head office is situated in Connecticut, there are international offices based in Australia, Canada, Hong Kong, and several other countries.

By combining different indicators and tools, you can develop a comprehensive trading strategy. NinjaTrader offers great-looking charts with excellent customization and functionality. The platform and brokerage are both geared toward active futures and forex traders who need a solid technical analysis platform.

Designed with advanced traders in mind, NinjaTrader offers a fully-customizable trading experience, while charging a fraction of the cost of other major brokers for futures contracts. To use the Trade Simulator effectively, start by selecting the desired currency pair and timeframe. Then, use the charting tools and indicators to analyze the market and identify potential trading opportunities. Once you have identified a trade setup, place the trade in the Trade Simulator and manage it as you would in live trading. After the trade is closed, review your performance and analyze your results to identify areas for improvement. By practicing in the Trade Simulator, you can gain confidence and refine your trading skills without risking real money.

  1. Furthermore, here, you can engage with other traders, ask questions, and learn from their experiences.
  2. NinjaTrader will overwhelm new traders, and the charting and trading tools are best suited for those that have been trading for a while.
  3. This helps traders refine their strategies and make more informed trading decisions in the future.
  4. NinjaTrader is one of the most popular trading platforms for forex traders due to its advanced tools and features.

Their unique and robust backtesting and simulation tools allow traders to modify and optimize their strategies before investing funds. Overall, this new merger with Charles Schwab aims to combine the capabilities of both firms. Therefore offering improved and dynamic trading experiences, a wider selection of investment products, and superior technology.

ninjatrader forex brokers

While the technical data is comprehensive, you’ll have to use another resource for fundamental information if you need that type of analysis. Forex trading platforms come in various forms, ranging from desktop applications to web-based platforms and mobile apps. Desktop platforms are known for their robust features and advanced charting capabilities, making them ideal for in-depth market analysis. On the other hand, web-based platforms are convenient as they can be accessed from any device with an internet connection, allowing for flexibility in trading.

In addition, we delved into the educational resources each broker provides specifically for NinjaTrader usage. If you’re linking NinjaTrader to a third-party broker account, be mindful of additional fees for integration. While NinjaTrader’s Multiple Provider Add-On service allows free connection to your broker’s platform, it doesn’t enable trading. To execute trades from NinjaTrader and route orders to your broker account, you’ll need to opt for the Multiple Broker Add-On service, priced at $99 per month. If you are a forex trader looking to run complex trading strategies, then you might want to give serious consideration to NinjaTrader. On the other hand, if you are a novice trader that is just looking to buy and sell currency pairs, I think MetaTrader is more user-friendly.

ninjatrader forex brokers

While NinjaTrader can’t do it all, they partner with over a dozen trusted broker and data companies to bring you the most up-to-date information and trade execution services. You can connect to your favorite market data source to have access to professional real-time and historic data. NinjaTrader is also an add-on platform to futures traders that utilize other brokers. You can use their API to connect to brokers like TD Ameritrade to execute trades for assets NinjaTrader doesn’t carry (such as stocks and Forex), or bring in third-party data for more informed trading.

NinjaTrader’s “sim trading” feature is an excellent tool for newer traders looking to gain experience in the order-entry arena, and the ecosystem is a valuable resource for finding indicators and strategies. The partial and full strategy automation features are useful additions to the platform, and it’s possible to work with a NinjaScript programmer to design your own technical indicators and strategies. Of course, you can do this on your own if you have experience coding and want to learn something new.

A platform with minimal downtime and fast execution is essential for swift trade execution and avoiding missed opportunities. While a mobile version of NinjaTrader is still not available, traders can use some of the third-party solutions to integrate NinjaTrader with Android-based smartphones or Apple computers. Fortunately, NinjaTrader Group LLC announced that a cross-platform version of NinjaTrader could soon hit the market, so mobile traders may soon be in luck.