Introduction

NinjaTrader is a reputable online trading platform that caters to traders of various levels, from novices to seasoned professionals. This broker firm is known for its advanced charting capabilities, custom trading strategies, and trade simulation features. However, like any other trading platform, it does come with its own set of pros and cons. This review will delve into the features, pricing, and overall user experience of NinjaTrader to help traders decide if this platform is the right fit for them.

Platform Features

Advanced Charting

One of NinjaTrader’s standout features is its advanced charting capabilities. The platform provides a wide array of chart types, including point and figure, renko, kagi, and line break charts. Users can also customize their charts with over 100 indicators and tools, allowing for a high level of personalization.

Automated Trading

NinjaTrader offers an automated trading feature, which allows traders to create custom trading strategies. This feature can be a double-edged sword. While it can be beneficial for experienced traders who know how to create effective strategies, it can be overwhelming for beginners who are not familiar with automated trading.

Trade Simulation

For those who are new to trading or want to test out a new strategy, NinjaTrader provides a trade simulation feature. This allows users to practice trading without risking real money, which can be a valuable learning tool.

Pricing

NinjaTrader operates on a freemium model. This means that while the basic platform is free to use, certain features are locked behind a paywall. For example, live trading is only available to those who purchase a license, which can cost up to $1,099 for a lifetime license. While this pricing model allows users to try out the platform before committing to a purchase, it can be a significant financial investment for those who want to access all of NinjaTrader’s features.

User Experience

The user experience on NinjaTrader is a mixed bag. On one hand, the platform’s interface is clean and intuitive, making it easy for users to navigate. On the other hand, the platform’s advanced features can be overwhelming for beginners. Additionally, the platform is known to have occasional stability issues, which can be frustrating for users.

Customer Support

NinjaTrader’s customer support is generally well-regarded. The firm offers support via email and phone, and users have reported that the support team is responsive and helpful. However, the platform does not offer 24/7 support, which can be a drawback for traders who operate in different time zones.

Conclusion

Overall, NinjaTrader is a powerful trading platform that offers a range of advanced features. However, its complex nature and high price point may make it less suitable for beginners or budget-conscious traders. As with any trading platform, potential users should carefully consider their trading needs and budget before deciding on NinjaTrader.