NinjaTrader’s reputation has been built around its trading software. Hence our NinjaTrader review. Since its debut in 2003, the company has expanded its brand to offer brokerage services, streaming and historical market data (via Kinetick), and a community of app developers and trading educators (Ecosystem).
If you’re looking into NinjaTrader, you’re interested in trading futures and Forex. As a result, NinjaTrader stands out from the competition. You get its powerful software for free if you have a ‘funded’ NinjaTrader Brokerage Forex and futures trading account.
The paid version of the NinjaTrader trading platform works with futures, Forex, CFDs, stocks, and currencies.
NinjaTrader is a great trading platform for futures and Forex. It offers free advanced charting and trade simulation with market analysis. The company also has a team of third-party vendors who design trading indicators for its software. NinjaTrader bought TradoVate, and as a result, it’s becoming the best platform for futures trading.
Did you know you can buy or lease a license from NinjaTader? If you decide to go that route, they have a few choices in terms of brokers. These include IFOREX.com, FXCM (non-US), Interactive Brokers, Oanda, and TD AMERITRADE. This is a great thing to know in our NinjaTrader review.
NinjaTrader has over 60,000 traders worldwide using their software and brokerage services. If you’re a techie, you may appreciate NinjaTrader’s open-source framework.
Now, users can access many benefits at home or on the go. NinjaTrader designed its platform so that apps and add-ons could be developed. All that to say in this Ninjatrader review is that they are a charting tool you should look into.
Strategy
We were introduced to NinjaTrader through a course on trading system building, which involves a lot of backtesting. Once you learn technical analysis, you can leverage the power of the software to build a trading strategy.
Using wizards that don’t require knowledge of coding and programming, you can experiment and test various futures trading strategies and automate your trades.
Granted, NinjaTrader isn’t the only program that allows backtesting strategies and automated trades. However, in this NinjaTrader review, we found that it’s a great choice for beginners because it’s user-friendly.
Forex and futures trading takes practice. Therefore, you need to learn the ins and outs of these strategies. Take courses, practice trading, and develop strategies before using real money. Once you’re comfortable, then start with small positions and scale up.
Charting Software
To develop trading ideas, you must analyze and visualize the markets, order flow, volume, etc. So, there is a need for good charting.
NinjaTrader has advanced charting software, allowing you to trade directly from your charts. Indicators and drawing tools are abundant, with multiple chart styles available for technical analysis visualization.
Suppose NinjaTrader doesn’t have your preferred indicator by default. In that case, you can access thousands of third-party tools to satisfy the most creative strategies and unique and sometimes exotic indicators.
To trade directly inside NinjaTrader, you will need real-time/live data. The platform is compatible with many data feed vendors. Let’s continue with our NinjaTrader review.
Platform
The NinjaTrader software is free for backtesting, simulated trading, and advanced charting. You can use it to develop indicators and even build trading apps. The amount of customization is quasi-unlimited.
Whether you’re a creative technical analysis trader/developer or a beginner trader, NinjaTrader has something for everyone. Even if you consider yourself a non-techie, you can use thousands of 3rd party add-ons and all kinds of apps.
Did you know in this NinjaTrader review that you can use free historical data to rewind the markets, execute your strategies, and watch how they play out?
A simulated data feed inside NinjaTrader allows us to set the market direction. As a result, you can test how your ideas would perform in a specific market environment.
The full version must be purchased for real-time data and live equities trading for a data feed. A live data purchase/lease is required if you use another broker. Otherwise, it’s free to use if you’re already a client of their brokerage services.
The “Order Flow +” and the “Trader +” premium features yield powerful benefits. Both are included with a NinjaTrader 8 Lifetime license. Full details are available on NinjaTrader’s site.
SERVICES |  |  |  |
|---|---|---|---|
| DESCRIPTION | Bullish Bears offer trade rooms in our Discord. Our chat rooms include penny stocks, large caps, options, and futures | We offer stock signals and trade alerts through our watch lists and Discord bots using Tradytics | Swing trade and day trade watch lists with hand-picked symbols that have the best chance of breakouts. These are stocks to watch |
| INCLUDED | Trading courses • Live streaming • Discord • Real Time Teaching • Scanners & Bots Trade Rooms | Watch lists • Symbols • Support and resistance levels • Discord bots and scanners Trade Alerts | Swing trade watchlist • Day trade watchlist • Alert levels mapped out • Watch lists updated daily Watch Lists |
Don’t Fight the Robots
Algorithmic High-Frequency Trading! It’s been said that “The time will come when no human investment manager will be able to beat the computer.”
We aren’t there yet, but there is a lot of “algo” trading in the markets.
As Paul Tudor Jones, Co-founder of Tudor Investment Corporation, said: “No man is better than a machine…And no machine is better than a man with a machine.”
If one day you decide to join the Algo trading revolution, there is a great likelihood that you will start by using a program like NinjaTrader. Hence our NinjaTrader review.
Aside from being hands-free, automated trading can greatly reduce the stress of day trading. If this interests you, start by visiting the NinjaTrader Ecosystem site.
NinjaTrader Fees and Pricing Review
This NinjaTrader review of their pricing shows they have three pricing plans. You can choose a free, monthly, or lifetime option.
- Monthly – $99
- Lifetime – $1499
To view the most current pricing with each option offered, click here.
NinjaTrader Pros and Cons
Pros
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Practice using random data or the Kinetick End of Day data feed with the free simulation version. Remember that this data type may only be useful to active traders if they are taking swing trades.
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It is a vastly customizable platform with floating windows and many indicators, many of which cannot be found on other platforms. It is a robust platform, considering hundreds of developers are contributing to it and making it feature-rich.
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You can use the software for free until you’re comfortable going live and paying for it. The paid software allows access to managing multiple brokerage accounts in one platform if the brokers being used are part of the library of brokers NinjaTrader can connect with.
Cons
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A stock or options trader will need an account with a compatible broker, such as Interactive Brokers or TD Ameritrade. So, as you know, the selection of affiliated brokers may differ from country to country.
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Technical analysts will have access to all the charts, tools, screeners, scanners, filters, and indicators they can imagine. However, investors looking for more extensive fundamental data research may have to look elsewhere.
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NinjaTrader, a program you download and use locally, can create challenges with the execution speed of scans, particularly when involving hundreds of symbols. On the same token, using the software to trade live through a third-party broker like Interactive Brokers adds steps in executing the trades. We have found that many traders execute their trades with their regular broker but use the software for planning and testing strategies.
Final Thoughts: NinjaTrader Review
We hope you enjoyed this NinjaTrader review. If you’re not in the US and are searching for an alternative to ThinkOrSwim‘s well-liked charting capabilities, try NinjaTrade version 8. It has over 500 improvements from the previous version.
The latest version (Version 8) delivers advanced trading features for discretionary traders and automated system builders. It works for all levels of stock trading, futures, and Forex. Plus, for a beginner, NinjaTrader 8 is very user-friendly. However, no matter how intuitive and user-friendly the software may be, there will be a learning curve involving many video tutorials, online reading, and guides of all sorts.
Once you know the basics of technical analysis, you’ll find NinjaTrader quite intuitive. You can do a lot with the free option. The paid option is even more available to you. There’s no charge for trade simulations, market analytics, advanced charting, and backtesting.
If you’re technically and strategically inclined, you can start developing automated strategies. Learning and practicing technical analysis is an important skill to learn while trading.
Frequently Asked Questions
Investors cannot purchase shares of NinjaTrader because the company is privately held.
NinjaTrader is one of the most trustworthy and safe brokers in the industry. Their platform is robust and is used by many traders.
The NinjaTrader platform requires $400 for futures and $50 for forex to start an account. Their platform is free to use with basic features, with a premium platform available.
