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NinjaTrader USA Review & Rating 2021

Is Ninja Trader Scam Or Legit?

NinjaTrader is an award-winning online brokerage firm which is fully digital. Since its inception in 2003, they have strived towards customer satisfaction. NinjaTrader specializes in offering futures trading to beginners and professionals alike. The trading platform on hand is free of charge and can be used as a highly-functional analytical tool from which to trade on a daily basis. With a new customer offer and industry-leading support team, trading on the NinjaTrader platform is both intuitive and highly responsive.

With more than 60,000 active traders, NinjaTrader has a foothold in 150 different countries. This online broker offers state-of-the-art tools and features. Keep reading to find out more about this online broker in our NinjaTrader USA review.

Advantages and Disadvantages

The latest NinjaTrader review USA has noted several fantastic advantages that are on offer via the NinjaTrader open account options, while there are limited facets that need improving.

Pros & Cons of NinjaTrader
  • Low account minimum at $400
  • Trading platform comes free of charge
  • Unlimited platform support and training offered
  • Plethora of discount pricing with simple rate structure
  • Account inactivity fees are relatively high

New Customer Offers

Online brokers provide new customers with offers as a way of attracting a wider audience. The online broker industry is competitive and requires innovative advertising, product management, and creative deals.

NinjaTrader offers new customers the chance to claim a welcome offer upon signing up. It is important to note that the latest NinjaTrader new customer offer is only valid until the 31st October 2020. Thus, if you do find yourself reading this after the stated date, you’ll need to visit the site to find, what should be, a new offer. The fact that NinjaTrader currently has on offer for new customers makes us believe this is a standard practice for this reputable online company.

The current new customer offer will include up to $200 in commission rebates. In order to claim this offer, it is required of you to fund your account with at least $400. For the remainder of 2020, you’ll receive rebates back on all trades. Commission rebates will be credited on a monthly basis of up to $0.25 per contract – granted commission rate exceeds $0.25 per contract. Routing, NFA, and exchange fees will still apply. Keep in mind that existing account holders are not eligible for this offer.

Usability of the Website

When assessing the strength of an online platform, regardless of service provided, one must analyze the overall usability. Without a functional platform, it is near impossible to make use of the services provided. Platforms that are slow do not possess the necessary capabilities do not rank highly. As such, our NinjaTrader review has delved into the official website and returned with a verdict on three counts.

Usability

The usability of the website comes out favorably. It’s easy to navigate from one landing page to the next. Added to which, all the buttons and features work effectively. NinjaTrader USA has managed to create a decent website that is highly functional. As user-interfaces go, NinjaTrader opinions are not divided – it scores top marks all-round.

Design

The design of the NinjaTrader USA website does not necessarily score as highly as the usability. First impressions are lacklustre to say the least. Blue, black, red, and white are the common colors which don’t make for the best color scheme. The layout could do with a little work, too. However, the website isn’t cluttered – an issue that plagues many websites. The fact that there isn’t as much going on makes it easier to navigate. One can find what one’s looking for within seconds. Designs are less important in any case, especially when the actual website functions well.

Performance

Performance-wise, the site is streamlined and responds efficiently. Upon closer inspection, there were no issues around prolonged waiting times, nor did the site lag at any point in time. This bodes well for the actual trading platforms. Something we’ll be discussing in more detail in no time.

Accounts

The next section of the NinjaTrader USA review is to analyze the available NinjaTrader open account options. Not all brokers provide a variety of accounts. Finding the correct account for you is important as this will shape your future trading experience. For another broker that offers a streamlined account opening process, take a look at our Nadex USA review.

NinjaTrader open account options

Broadly speaking, there are three different NinjaTrader open account options available to new customers. By visiting the site, click on the red button which says Open Account. The three different NinjaTrader open account types that are displayed are:

  • Buy Platform
  • Futures
  • Forex

Buy Platform

For newcomers, it is advisable to choose the Buy Platform account type. From here on, one can choose between another three accounts. However, the best option for a newcomer (rookie trader) would be to select a free trading account. This allows you to download the trading platform free of charge. The functionalities will be slightly more limited, but this is a great introduction to online trading. The core essential needed to engage in trading will be available. Please note that it is mandatory to fund a free account with the minimum prescribed amount of $400. In order to select this, click on OPEN ACCOUNT.

It is also possible to purchase the trading platform by leasing it or buying it once off. For those who lease the platform, additional tools and features will be available. An annual lease costs $720 while semi-annual leases are billed at $425. For those who prefer to buy the platform once off, even more features will become available. Advanced trader tools and order flow tools are the order of the day when buying the platform outright. This once-off payment will cost $1099. Otherwise, it is possible to make 4 payments of $329 each.

Futures Account

As the name suggests, this NinjaTrader open account option is for those who wish to trade solely in futures. Opening this account gives you access to one of NinjaTrader’s partner firms, which in turn enables you to access exciting futures markets. Our NinjaTrader review recommends this account for those looking to engage in futures trading with wide exposure to markets. There’s no need to make any initial payment but it is important to fund your NinjaTrader open account with a minimum of $400.

It is also possible to trade by way of a forex account. However, the main focus on the NinjaTrader platform is trading in futures. Thus, we recommend you use a basic futures account and then decide on the platform you wish to use. Regardless of whether or not you use the free platform, lease it, or buy it outright, it is possible to engage in futures trading. You’ll still receive the same benefits. Keep in mind that there are added features when leasing or buying. If you are set on using a forex-dominated platform, BestBrokerReviews.com has an alternative option available to you. We’ve reviewed a number of alternative broker accounts for your consideration, get the latest on the Robinhood open account. Check out the GAIN Capital opinions piece for an online broker that focuses on forex trading. There are a number of featured brokers, with the possibility of finding the right one that trades in exactly what you are after.

Trading Platforms

Our NinjaTrader review has noted that there is one type of platform that caters to all trading needs. For an online broker that offers multiple trading platforms, take a look at the latest Cobra Trading USA review. NinjaTrader USA has incorporated a platform that has a number of unique features and tools. For those looking to access the platform without having to buy it, this is possible. NijaTrader USA prides itself on offering a free trading platform to all.

It must be noted that the free platform will have far less analytical tools and will not function at peak performance. However, for traders who are starting out, the free platform does have more than enough to offer. It’s possible to use the free platform for advanced charting and backtesting – creating a fascinating simulation of trades. Below are these two features which are fundamental to the performance and overall strength of the NinjaTrader USA trading platform.

Charting

The key advantage of advanced charting features is that it is possible to visualize how markets are acting and reacting. it is possible to customize your charting needs by choosing from a range of chart styles. This industry-leading technical visualization has been adopted by many and proves for a much more insightful trading experience. There are hundreds of indicators which can be added providing for technical analysis on a much larger scale.

Backtesting

The free platform will also allow you to conduct backtesting, creating an environment to test strategies on historical data. By playing out hypothetical scenarios and incorporating your strategy, it is possible to test the viability of one’s approach. Use this feature to test run the trading ideas you have. One of the key advantages of simulating trades is to verify your trading goals through practical analysis.

Payments

Next up in the latest NinjaTrader review is the payments section.  When signing up with an online broker, you’ll need to know how to fund your account. It’s one thing creating a NinjaTrader open account. The next step is making deposits and withdrawing funds at a later stage. The exercise is to make a profit and secure your funds as best as you can. There are two ways in which you can fund your NinjaTrader open account. Keep in mind that by funding your account you will not incur additional fees.

Deposits

Funding your account is relatively simple. Our NinjaTrader review has noted that it is possible to do so by wire transfer or check. However, you’ll need to choose your Futures Commission Merchant (FCM) before funding your account. Each merchant will have different details. Beneficiaries and subsequent banks will be completely different. This is important to remember as it might lead to paying the incorrect merchant. Funds from third party money transfer services will not be accepted. If payment is made via check, expect a 5 working day period for the check to clear.

Withdrawals

In order to withdraw funds from your account, you’ll need to make a request. Checks will only be sent to account holders with US addresses. it is possible to make use of wire transfers or broker to broker withdrawals, too. Withdrawals will only clear if you have sufficient funds available. Our NinjaTrader review also notes that if you have traded today, funds will only be readily available the following working day. Withdrawals made via check must equate to a minimum of $250 while minimum account balances must remain at $50 or more.

Take a look at the latest EagleFX opinions for a broker that accepts payments via bank card. Wire transfers are pretty secure though and we’d recommend using this option when funding your account with NinjaTrader.

Customer Service

Our NinjaTrader review has noted that the customer support team is responsive and according to NinjaTrader reviews, award-winning. Finding a broker that has a strong customer support team is vital when using an online service. This is even more true due to the fact that you will be using your own financials to fund your account. It is possible to use the online submission form in order to make queries. The customer support team is on standby and will get back to you rather speedily. Our NinjaTrader USA review has noted it takes only a couple of minutes to receive a response.

Visit the Help section and enter your name and nature of query. After you have typed your message, you’ll be able to submit your query. If you don’t wish to do this, you can always visit the general FAQ section. Otherwise, redirect to one of the two guides on hand – Platform and Connection guide. These should answer most of your questions and you might not even require further assistance.

Contact information

Although it is possible to find most of the information you need on the actual website, it is possible to contact various departments if you wish to speak to a customer service representative directly. The following details can be used depending on your query:

It is also possible to use the emergency trade desk for emergencies and live orders. Contact the emergency desk at:

Our NinjaTrader review rates this online broker exceptionally highly for customer support. There is an extensive list of contact options available to new customers. This is pleasing to see and should be replicated across the board.

Regulation & Deposit Protection

Our NinjaTrader review, much like all of our reviews at BestBrokerReviews.com, are always concerned about the regulatory oversight that these online brokers are subjected to – or lack thereof. It is important for online brokers to meet regulatory requirements and be held accountable for their practices. The best online brokers are fair and transparent in their dealings. Added to which, they implement strict security measures in order to safekeep the financials of all customers.

In terms of regulations, NinjaTrader is a National Futures Association (NFA) registered broker providing broker services which are regulated and subject to comprehensive oversight.

In terms of online security, NinjaTrader USA has more than adequate security protocols. These include encrypting the flow of data in their site. The latest in SSL technology is used to encrypt all customers’ information. This makes it extremely hard for third-party intruders to access databases and extract information.

Our NinjaTrader USA review is satisfied with the security measures taken by this online broker. Take a look at the latest IG Broker USA review for another secure online broker.

Additional Offers

When it comes to additional offers, NinjaTrader does not provide added bonuses to customers over and above the new customer offer. However, this shouldn’t necessarily count against the online broker.

NinjaTrader has a strong presence online, allowing customers to follow the latest developments and news on new offers as they become available. Take a look at their social media account for more information on this. You can follow NinjaTrader on Twitter, Facebook, Instagram, LinkedIn, and YouTube. The fact that this online broker is so committed to staying relevant as times change, is a sure sign of a company on the up-and-up.

As they continue to increase their coverage, be sure to look out for any mention of new offers and packages.

NinjaTrader Futures

Introduction to Futures Trading

NinjaTrader is big on futures. Their entire platform is geared towards trading in futures. If you happen to be a futures trader, or interested in this field, then NinjaTrader might be for you.

Futures trading is similar to options trading. But, when entering into a contract, the buyer or seller is obligated to buy or sell the asset in question. This means that the asset will be bought or sold at a particular price on a date stipulated prior to the actual transaction. Traders who engage in futures trading will speculate on the price movements of underlying assets. These include commodities, financial instruments, or securities. It can be that traders open themselves up to big losses – but also provide room for big gains.

With NinjaTrader, you can access the following exchanges:

  • CBOT
  • COMEX
  • NYMEX
  • EUREX
  • ICE
  • ICE UK

Exposure to international markets is possible and will provide a great learning curve to those starting out.

NinjaTrade Futures Pricing

Simplified pricing for futures are available on the Micro E-mini Futures. These bite-sized futures allow all traders to get in on the act and gain maximum exposure across the board. NinjaTrader will charge a fee of $0.35 per Micro contract when using the free platform. If you are using the platform by leasing it, fees are set at $0.25 per Micro contract. For those who buy the platform once-off, the set rate is $0.09 per Micro contract. There are standard exchange, NFA, and routing fees that apply. To view the full list of fees on varying contracts, take a look at the official website.

Product Summary & Conclusion

NinjaTrader covers a wide variety of futures which trade on popular exchanges. The fact that there is international exposure is fantastic for traders. However, it is also possible to stick to domestic futures within the US. Beginners are able to access these markets by using the free platform. However, contracts will be fairly more expensive to buy. For those who make the initial investment and buy the NinjaTrader trading platform, it is possible to get in at an extremely low rate. Buying futures at $0.09 per Micro contract will allow many to trade above margin and secure a profit – granted it is done with acumen and sensibility.

NinjaTrader Options

Introduction to Options Trading

Options trading might not be recommended to those starting out. Options trading is an intricate process which may be slightly baffling at first. NinjaTrader provides a plethora of educational resources which will help those starting out. NinjaTrader also has the right platform with the necessary tools in which to trade options on a daily basis.

Options trading includes a buyer and seller. Essentially, it is an agreement between the two that allows the buyer to purchase an asset at a predetermined price on a specified date. However, it is not a binding contract by any means. It merely gives the buyer the right to buy or sell the asset.

It is important to note that buying and selling options requires some experience. Coupled with a versatile and functional platform that is. Traders cannot afford to engage in options trading on a platform that is slow and unpredictable. However, there’s no need to worry about this with the NinjaTrader platform.

The exchanges available to traders for trading options on the NinjaTrader site are:

  • CME
  • NYMEX
  • CBOT
  • COMEX

There are a number of options on futures which can be traded such as metals, energies, agricultural, interest rates, and equities.

NinjaTrade Options Pricing

Basically, there are three pricing policies for traders who wish to trade options. These are based on whether you have the free platform, leased platform, or the full platform (bought once-off). For those who are using the free platform, a commission fee of $1.29 per contract can be expected. For those with the leased platform, a commission rate of $0.99 is charged per contract. For those who bought the platform, a commission rate of $0.59 will be charged per options contract. Keep in mind that standard additional fees will apply in accordance with the NFA, routing fees, and exchanges fees.

Product Summary & Conclusion

The current options on futures which are available on the NinjaTrader platform is sufficient for those who prefer to trade on a smaller scale. However, it should be noted that professional traders might find the options on hand to be limited. What should woo professionals is the analytical tools that are available. With a fundamentally strong platform, it might yet prove to be a great place to trade options for all types of traders.

Overall Conclusion

NinjaTrader brings you a top quality site that has a raft of great customization tools and interactive charting features. The platform is definitely suited to those wishing to trade futures and provides traders with a high-functioning platform. When it comes to new traders, it’s pertinent to look out for the simulation feature which will help craft strategies and test trading approaches.

The customer service team is hands-on, meaning you’ll always have an outlet to get in touch with in case of any unforeseen circumstances. NinjaTrader brings you an intuitive platform with great technical oversight.

To find out more about alternative brokers and markets check out our range of reviews and guides. Popular articles such as our Lightspeed review or M1 Finance review would be a great place to look for more trading options.

NinjaTrader Review FAQ

📂 What type of different accounts does NinjaTrader offer?

The best online brokers provide customers with a range of different accounts. The reason behind this is so that all types of traders are accommodated. There are basic accounts which are tailored for individual newcomers while more advanced account options are on offer for professional traders. Finding an account best suited to your trading style and experience is paramount to fulfilling a decent trading environment. Find the right NinjaTrader open account option by reading our latest review.

❓ Does NinjaTrader provide options trading?

NinjaTrader offers traders the opportunity to trade a number of financial instruments. There are those online brokers that specialize in one area. Depending on your preference, BestBrokerReviews.com brings you something of everything. Read our latest broker reviews to find an online provider for you – we can even help you find the best broker for forex.

💵 What kind of fees does NinjaTrader charge?

Many of the best stock broker providers will advertise zero fees on certain fronts. It may cost you nothing to open an account. However, there are always fees that should be noted and taken into account. Trading fees, inactivity fees, withdrawal fees, are but a few of these. To find out what the related fees are on the NinjaTrader USA website, take a look at our latest review.

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