SmartAsset Advisors, LLC (“SmartAsset”), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. It is unlikely, for example, that retail investors will even want to select a personal data feed and brokerage if they would even know how to do so. Instead, a retail-facing brokerage will likely have its own trading platform that investors can use.
Users also have extensive data feeds, indicator lists, intelligent programming capabilities, plus a reliable support forum. The platform interface offers high-level customization, including backgrounds, fonts and bar spacing. Users can also insert technical indicators and drawing tools as well as change overall chart layouts. Stocks can be traded by connecting the NinjaTrader platform to supporting brokers. 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. At the same time, NinjaTrader simply doesn’t support the assets that most investors will want to purchase.
Simply head over to their website and select Trade Futures or Trade FX. Then scroll down and enter your basic personal information including an email address and your location. You will then receive an email with your login details and information on how to download their platform (if you haven’t already done so). Day trading margins for popular futures such as the S&P 500 emini are $500.
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. The NinjaTrader brokerage supports futures, options on futures, and forex trading. If you want to trade equities on the NinjaTrader platform, you can go through one of NinjaTrader’s supporting brokers.
However, if you do not want to download the latest version, the full NinjaTrader 7 version is still available to use. Minimum system and hardware requirements for NinjaTrader https://www.investorynews.com/ are industry standard, so most people should be able to download full versions of 7 and 8. Programming and coding manuals can then be found in their video library.
The firm also has a support forum which can be accessed through the website. Any downtime (scheduled or otherwise) will be reported on the Support forum. If you do have issues with connecting, or the system not starting, be sure to check it for updates.
NinjaTrader vs Other Brokers
Alternatively, the C# based trading framework is available for more experienced investors. NinjaTrader supports partial and fully automated https://www.currency-trading.org/ trading strategies. 1000+ unique automated strategies are available through the platform, covering a range of trading styles.
NinjaTrader 8 tutorials, strategy builders, and backtesting guidance can all be found by heading to their trading forum or library of training videos. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. Finally, investors can use NinjaTrader to simulate trading (“paper trading”) for free.
Besides advanced charting and market depth tools, there are limited resources for research or insights within the platform. As we have already noted, NinjaTrader is oriented toward a niche of investors focused on active futures and forex trading. From that perspective, the NinjaTrader platform has all the tools and features it needs to be successful. The platform, indicators, and other features are customizable at a very granular level, which is important for active or professional traders.
Services and Features: What Does NinjaTrader Offer?
If you are a Mac user, you can run the trading software using a multi-boot utility like Apple Boot Camp. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. The firm’s offering also extends to trade performance tools, plus market and strategy analysers.
- 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.
- NinjaTrader is a unique futures trading provider, centralizing all the tools and services needed for both new and experienced traders to enter the global futures markets.
- One of the main reasons to use NinjaTrader is the trading platform.
- NinjaTraders supports the trading of popular currencies including the EUR/USD.
- We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.
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. Day traders are well catered for with a wide range of tools and features on offer. NinjaTrader is an online platform that can be used to trade a range of assets including forex, futures and stocks. In 2018, the platform announced an integration with Coinbase to support cryptocurrency market data.
Trade futures with the industry leader
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. Founded in 2003, NinjaTrader offers software and brokerage services for active traders. With a funded account, the NinjaTrader platform is free to use for charting, market analysis, and live trading (the SIM version is free even without a funded account). NinjaTrader’s brokerage services cater directly to futures traders. 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.
NinjaTrader 7 vs NinjaTrader 8
There are methods using Parallels or VMWare to get Ninjatrader working on Macs, but the these are not officially supported. NinjaTrader are monitoring demand for a Mac version of the platform, and one may be developed, but as yet, there are no plans to do so. Since it was founded in 2003, the firm has expanded to support traders across the globe with offices in Denver, Chicago and Colorado, Illinois.
In what may be one of the more clever details among trading platforms, NinjaTrader even allows you to trade directly from within your charts and tables. You can build automated orders to execute on certain conditions, and can also do so from within your charts, as well as scripting algorithms to guide your portfolio. It offers two services, both available through the same platform. First, this is a charting and market analysis platform that connects to third-party brokerages and lets you use their data. Second, this is an online brokerage that directly supports derivatives trading (futures and options) and foreign exchange.
Advanced Charting
The platform’s brokerage only supports derivatives and forex trading. Investors who want to buy stocks will have to look elsewhere, and the software has no native support for mutual funds or bonds at all. https://www.topforexnews.org/ Both NinjaTrader and futures trading aren’t recommended if you’re an inexperienced investor. The NinjaTrader platform is designed with advanced users in mind and has a considerable learning curve.