TU experts prepared a detailed review of Ninja Trader

Since 2003, Ninja Trader has offered brokerage services in the forex and derivatives markets, focusing on futures options. It is based in the US and has representative offices in Germany and the Netherlands.

Traders Union has recently published a comprehensive review of Ninja Trader’s features and benefits. Whether you are a beginner or an experienced trader, this guide aims to help you navigate the complexities of forex trading by providing detailed information about Ninja Trader’s capabilities.

Pros and cons of Ninja Trader

Traders Union examines the advantages and disadvantages of Ninja Trader and ventures out everything you need to know:

Pros:

• Over 850 proprietary algorithmic trading systems are available.

• Offers a proprietary trading platform, considered one of the best for derivatives trading.

• The platform is comparable to MetaTrader 4 for Forex.

Cons:

• High trading costs due to the commission for contracts, exchange and regulatory fees, and intermediary broker fees.

• The initial deposit of USD 400 does not cover fees for the US stock market.

• Broker caters exclusively to US futures and options markets.

• A deep understanding of derivatives market principles and exchange rules is required.

• Lack of chat and phone support.

• Client risk neglect was reported, resulting in a regulatory fine in 2014.

Review of NinjaTrader by TU experts

In their evaluation of NinjaTrader, Traders Union provided the following observations:

• Specialized broker for US derivatives markets, with a presence in over 150 countries.

• Partner brokers provide access to exchanges.

• High-entry thresholds and commissions cater to professionals, which is not ideal for novice traders.

• The platform offers trading, analysis, and simulation tools with over 1000 algorithmic trading systems.

• The website provides basic info on derivatives trading, but fluency in English is necessary to learn trading conditions.

• Regulated by US authorities, making it a reliable broker included in Traders Union’s rating.

More about Ninja Trader

Traders Union’s overall overview of NinjaTrader:

• Develops trading software for stock and forex markets and provides intermediary services to access US and European exchanges.

• Over 60,000 traders globally and 450 vendors with coverage in over 150 countries.

• Mixed opinions on NinjaTrader due to the need for more information on trading accounts and conditions on its website.

• The presence of an NFA license and direct access to exchanges is an advantage.

• Intermediary services through other brokerage companies can lead to inflated commissions.

• Brokerage services may be an additional activity to attract investors to test developed platforms.

• Useful services include NinjaTrader 7 and 8 platforms, a graphical analysis application, and own APIs for trading platforms.

How Ninja Trader is among the best on the list

Traders Union has listed NinjaTrader in their top 10 stock brokers list for 2023. Despite mixed opinions, NinjaTrader stands out for its specialization in the US derivatives markets and direct access to major exchanges. The platform’s proprietary trading tools and over 1000 algorithmic trading systems provide traders various options for analysis and strategy implementation. 

The company’s regulated status and reliable reputation contribute to its inclusion in the Traders Union’s list. Although there are concerns regarding the need for more transparency on the broker’s website, the platform’s performance and versatility make it a popular choice for professional traders. NinjaTrader’s focus on providing quality software and intermediary services for accessing the USA and Europe stock exchanges reinforces its reputation as a leading broker in the industry.

Conclusion

NinjaTrader offers a specialized platform for US derivatives markets and access to major exchanges, making it a top choice for professional traders. While concerns exist regarding transparency on its website, its proprietary trading tools and algorithmic systems provide versatility for analysis and strategy implementation. Traders looking for a reliable, regulated broker with a strong reputation may find NinjaTrader a suitable option. For more information on top forex brokers for beginners, visit Traders Union’s website.