Online Trading Platform No Deposit Minimum Required
For live trading, you can use their free platform with all the essentials or choose a paid license level for more advanced features and lower commissions. The free version, which is included with all brokerage accounts is a great starting platform for new traders without the financial commitment. As you grow in your trading and are ready for more tools and functionality, you can add more complexity. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
A wide range of useful educational materials are available if you’re unfamiliar with its platform and wat to enhance your skills. To access NinjaTrader’s brokerage services, the account minimum is $400 for a futures account but a forex account can be opened with no minimum deposit ($0). Trade how you want, where you want through interfaces designed for fast, informed decision making in our professional futures trading platforms.
Futures Trading Brokerage Done Right
The core essentials NinjaTrader software package is available free of charge. This is the platform’s most basic offering and covers only the key features needed for live trading. You can get exposure to micro Bitcoin futures through the CME Group’s centralized exchange, which is highly regulated by the US CFTC. Micro contracts allow you to trade a fractional size of one Bitcoin, giving you more risk control and order flexibility. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). There are no guarantees that working with an adviser will yield positive returns.
We evaluated NinjaTrader with a focus on how well it performs as a futures trading platform, as well as the past experiences of users. NinjaTrader delivers integrated multi-device trading using technology designed for active futures traders, including our powerful futures trading platform. 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. If you’re interested in automated trading, NinjaTrader’s ATM Strategies provide discretionary traders with semi-automated features to manage their positions. Alternatively, you can fully automate a strategy using a “point and click” construction for non-programmers, or by using NinjaTrader’s C#-based trading framework.
These tools earn NinjaTrader a spot on our list of the best platforms for trading commodities. The platform also offers unlimited support and daily training options, bitmex review as well as a 24-hour emergency trade desk. Whether you are a new trader or a seasoned veteran, you want to choose a futures broker that supports you on your journey.
- Integrate 1,000s of third-party add-ons or develop your own using our C# based development framework.
- Although, if using NinjaTrader brokerage, you can access your account on the go using CQG Desktop.
- Our broker ratings are also informed by the experience of our researchers during the evaluation process.
- Accounts have minimums depending on the securities traded and commissions vary depending on the version of the platform.
- Trade futures with $50 day trading margins and low commissions through our futures brokerage services.
Meanwhile, sell orders have you enter new short positions, add to one you already have, reduce an existing long position, or close a long position you already hold. For example, a “bid price” is the current highest price you may be willing to pay to execute a trade, whereas the “ask price” is the lowest possible price you would be willing to sell at. Offering a broad range of international benchmark products, Eurex operates the most liquid fixed income markets in the world. All plans include access to the NinjaTrader Desktop, Web and Mobile apps for a seamless multi-device trading experience.
Range of Offerings
The firm’s offering also extends to trade performance tools, plus market and strategy analysers. Users also have extensive data feeds, indicator lists, intelligent programming capabilities, plus a reliable support forum. NinjaTrader is an open-source system, much like the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platform.
The leased version of the software comes with significantly fewer data features, in addition to costing almost as much, so there’s little reason to choose that option. NinjaTrader features a wide range of technical analysis functions that can be useful for those starting out with demo trading — especially if you want to learn how to trade futures. NinjaTrader’s state-of-the-art trading platform has a variety of features available velocity trade across three license levels that allow traders to select the best fit for their trading approach. There are two upgrade feature sets available, Trader + and Order Flow +. NinjaTrader offer a huge range of help guides, video tutorials and webinars, both for beginners, and also for advanced traders looking to get the most out of the system. There is also well informed customer support team, and lively user support forum.
The platform does have an average star rating of 4.3 out of 5 stars across more than 450 reviews on Trustpilot, however. In fact, more than 66% of reviewers who profiled NinjaTrader on Trustpilot left a five-star rating, and another 7% left a four star rating. Compare NinjaTrader with any other broker by selecting the other broker below. NinjaTrader 8 tutorials, strategy builders, and backtesting guidance can all be found by heading to their trading forum or library of training videos. The NinjaTrader 8 release was highly anticipated and has not disappointed. The 8 system requirements remain similar to that for the 7, so if you have one you should be able to migrate to the other without too much hassle.
Trade simulator reviews speak highly of this service and it isn’t hard to see why. Aspiring scalpers can hone their craft on Heiken-Ashi charts, whilst having access to playback functions, market and volume profiles, and more. blackbull markets review The demo account is a good opportunity to familiarize yourself with the NinjaTrader brokerage platform, risk-free. The terminal allows automatization of trading strategies in NinjaScript as well as third party applications.
Get started with our free plan to trade with discounted commissions or choose a plan upgrade to further reduce commissions on your trades. Dan Schmidt is a finance writer passionate about helping readers understand how assets and markets work. His work has been published by Vanguard, Capital One, PenFed Credit Union, MarketBeat, and Fora Financial. Dan lives in Bucks County, PA with his wife and enjoys summers at Citizens Bank Park cheering on the Phillies. 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.
NinjaTrader offers several weekly webinars and recorded videos intended to help you get the most out of the platform. A limited amount of non-platform related educational content is on the NinjaTrader blog. All of NinjaTrader’s educational offerings can be accessed for free by anyone—clients and non-clients alike. A great feature of the platform worth mentioning is the ability to place simulated trades, complete with an imaginary account and profit/loss summary.
How much does NinjaTrader cost per month?
Futures contracts provide significantly more buying power than stocks, enabling you to control large contract values with a smaller amount of capital. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. Consider working with a financial advisor as you sort through the many online investing platforms to find one that fits your skills and goals. If you want to access some of its more advanced capabilities, you can either lease the software starting at a quarterly basis or purchase a Lifetime license, which includes free upgrades for life. If you’re interested in trying out the NinjaTrader platform using futures data, you can register to get a free 2-week trial. Compare NinjaTrader with the top 3 similar brokers that accept traders from your location.
This may be one of the most customizable trading programs on the market today. Not only can you select the broker that you want to do business with, but your options for building the software and its data sets are truly vast. NinjaTrader offers well over 100 individual technical indicators that you can either track individually or combine into tables and charts based on your own, personal trading strategy. There are dozens of chart types to choose from and, if that isn’t enough, you can use NinjaScript to create your indicators for the software to track. There is no web-based version, nor does NinjaTrader have a version for smartphones (or even a Mac). That software provides you with data charting, customization and trading tools.
The firm also provides access to a range of index futures via standard and micro contracts, including the E-Mini S&P 500 Index Futures and E-Mini Russell 2000 Index Futures. TradeStation is another investment platform that offers multiple investment options, including much more than futures trading. For example, you can use TradeStation to invest in stocks, ETFs, options, mutual funds, cryptocurrency, and more. TradeStation also advertises that many of its investment options are commission-free.
This plan also comes with order flow and add-on included, which has the potential to lower additional trading fees as well. Also note that all plans from NinjaTrader (including the free plan) come with access to the platform’s desktop and mobile app, so you can trade on multiple devices and on the go. NinjaTrader can be reached by email, phone and an online support form for customer service.
