NinjaTrader is an award winning trading platform that was developed for traders who trade futures, stocks and Forex CFDs. It is well known for its market analysis tools, as well as its advanced charting capabilities. It also has automated development integration for strategies, trade simulation and back testing too. It serves its traders well by having more than a hundred indicators as well as many customization options. It really is an advanced and modern platform for trading.

 What is NinjaTrader?

NinjaTrader is a trading platform that has a globally acclaimed reputation, which has attracted traders all over the world. The trading instruments that are available for traders include: stocks, CFDs, and futures. There are two types of accounts that NinjaTrader allows traders to open: Individuals and Joint, with a minimum account balance of four hundred dollars.

Regarding customer service, NinjaTrader provides an Emergency Trade Desk is available at all time, as long as it is among the hours of open futures market. For brokerage firms and broker support teams are available during market hours in the United States.

NinjaTrader Forex Brokers List

With NinjaTrader, the trading platform only accepts traders from certain countries; these countries include, but not limited to, Japan, the United States, and Saudi Arabia.

 

Broker
Description
Trade Now
Octafx
OctaFX
Regulation: CySec
Min. Deposit: $/€/£ 5
Leverage: 1:500
Spreads: Low as 0.4 pips

Review


FP Markets
FP Markets

Regulation: ASIC, CySEC
Min. Deposit: $/€/£ 100
Leverage: 1:500
Spreads: Ultra Tight from 0.0 pips

Review


NSBroker
NSBroker
Regulation: MSFA, BaFin, FCA,
Min. Deposit: $250
Leverage: 1:100
Spreads: Low as 1.2 pips

Review
XM
XM
Regulation: CySEC,FCA,ASIC
Min. Deposit: $/€/£ 5
Leverage: 1:500
Spreads: Low as 0.1 pips

Review
Avatrade
Avatrade
Regulation: ASIC,JFSA,FSCA
Min. Deposit: $/€/£ 250
Leverage: 1:400
Spreads: Floating from 1 pip

Review


IC Markets
IC Markets
Regulation: ASIC
Min. Deposit: $/€/£ 200
Leverage: 1:500
Spreads: Low as 0.0 pips

Review


Etoro
Etoro
Regulation: CySEC,FCA,ASIC
Min. Deposit: $/€/£ 200
Leverage: 1:30
Spreads: Variable

Review

XTB
XTB
Regulation: FCA
Min. Deposit: $/€/£ 250
Leverage: 1:30
Spreads: Low as 0.1 pips

Review


IQOption
IQOption


Regulation: CySec
Min. Deposit: $/€/£ 10
Leverage: 1:1000
Spreads: Floating from 1 pip

Review


OlympTrade
OlympTrade
Regulation: IFC
Min. Deposit: $/€/£ 10
Leverage: 1:500
Spreads: Low as 0.0 pips

Review
Globex360
GlobeX360
Regulation: FSCA
Min. Deposit: No min Deposit
Leverage: 1:500
Spreads: Low as 1.6 pips

Review

 

Pros and Cons of Using NinjaTrader

Let’s have a look at the pros and cons of NinjaTrader. It didn’t win multiple awards for no reason. There is a wide-ranging list of advantages and features compared with other platforms. There are, of course, a few cons too.

First, the Pros of NinjaTrader FX Brokers

There are more benefits than drawbacks when it comes to NinjaTrader Forex brokers. The first advantage is that there are free features, even with a Demo account. For novice traders, this means that they will be able to understand the trading world more deeply, with the NinjaTrader features provided in the Demo Account. The live account is also pretty affordable too, which makes it more desirable to use for traders who are new to the trading industry.

The second advantage is that it is extremely beneficial for scalpers, due to the Advanced Trade Management (ATM) system, which allows fast automation execution. Scalpers, who perform hundreds of trading sessions per day, will appreciate the fast execution. The third benefit is the amount of variety for the brokerage firms that are provided for NinjaTrader Forex brokers. They offer many options for brokerage firms, and a lot of brokerage options.

The fourth benefit is that NinjaTrader Forex brokers have computing language with similarities to C#. This means that NinjaTrader is similar to the computing language of C#, with several similar characteristics. The fifth benefit is that they have superb quality charging possibilities (more than 100 indicators as well as other customization possibilities), as well as great customer support. The final benefit is that NinjaTrader Forex brokers have top-notch analytical tools, as well as add-ons.

Next, the Cons of NinjaTrader FX Brokers

There are a few drawbacks to NinjaTrader Forex brokers, which is perfectly normal. The first disadvantage is that there is a bit of a learning curve at the outset. This means that traders will not be able to quickly learn how to use NinjaTrader on-the-go, since it is very extensive. Traders will find it harder to navigate through the trading platform.

The second drawback is that in comparison with Megatrader, there are nowhere near as many brokers. With NinjaTrader Forex brokers, there are not enough brokers in the trading platform, with a narrow range of brokers for traders to invest with. The final drawback is the most common cause for traders to be discouraged from NinjaTrader, that there is no mobile application that can be downloaded at the moment. The trading platform is unavailable via mobile application, which means that traders will have to be connected to a PC and a working internet connection.

Why Use NinjaTrader Forex Brokers?

NinjaTrader Forex brokers, provide a vast and diverse range of trading options through the NinjaTrader platform. To use the platform you can buy, lease or pay increased commissions. You can also use your desired brokers customized version. NinjaTrader certainly offers excellent support for their customers, so it’s an option that really is worth considering.

Due diligence must be used when selecting brokers. You need to look at the costs such as commission, fees, special offers and discounts. Also, ensure that any broker you use is regulated too. As I mentioned, customer support is vital and so choose a broker, as well as NinjaTrader, that has a good rep for its services.

NinjaTrader is up there with the best of them in terms of trading platforms. It has data analytics and charting techniques that are considered to be unrivalled. It mightn’t be the most popular choice for Forex traders, but it does offer a lot for its clients.