11 🥇 Best NinjaTrader Forex Brokers – ( Reviewed ) 2020

 

A review about NinjaTrader forex brokers
 

NinjaTrader

 

The NinjaTrader software suite is known to provide the most intuitive futures trading platform for trading of CFDs, stocks, Forex and futures contracts. In this comprehensive list you will find  the best NinjaTrader Forex Brokers in 2020.

NinjaTrader is a software package developed in 2003 by an American company known as NinjaTrader Group, LLC with headquarters in Denver, USA and office locations in Chicago, IL (USA) and Germany.

The company also owns NinjaTrader Brokerage which is a National Futures Association (NFA) registered introducing broker for the trading of futures and foreign exchange products.

NinjaTrader has over 1,000 add-on apps and over 60, 000 users from over 150 countries across the world.

 

Pros and Cons

 

Pros Cons
Use of main features are free with Demo Account Geared to advanced traders
Live trade version is affordable Steep learning curve at first
Very fast trade execution with their automated systems Fewer brokers offer NinjaTrader compared to MT4 and MT5
Programming language allows for great 3rd party development No mobile platform as of yet
High quality charting options with over 100 indicators
Advanced analytical tools
Great customer support

 

Below find the 11 best NinjaTrader Forex brokers that is not ranked in any particular order but is a comprehensive list of great brokers to choose from.

 

A review about Interactive Brokers
 

Interactive Brokers

 

Interactive Brokers was founded in 1978 and is one of the biggest US-based discount brokers.

The broker is regulated by several financial authorities globally, including the US Securities and Exchange Commission (SEC) and UK’s Financial Conduct Authority (FCA).

Interactive Brokers offer trading in stocks, options, futures, Forex and bonds in over 125 markets in 31 countries.

Features

  • Over 4,300 no-transaction fee mutual funds
  • NerdWallet users who sign up for IBKR Pro get a 0.25 percentage point discount on margin rates.
  • Advanced and smart order router
  • Mutual Fund Replicator which finds lower-cost exchange traded funds

 

Pros and Cons

 

Pros Cons
Wide range of products Website difficult to navigate
Extremely smart order router Inactivity fees
Great research tools Substantial fees with small or inactive accounts
Low trading fees Complicated account opening
Highly regulated

 

A review about TD Ameritrade
 

TD Ameritrade

 

TD Ameritrade is a top broker for investors across the United States. With competitive fees, a wide range of account and investment options, and excellent investor resources, this platform is certainly worth considering if you’re in the market for a new home for your stocks, bonds, and other investments.

TD Ameritrade’s thinkorswim platform is a sophisticated multi-asset desktop experience that is great for Forex trading.

TD Ameritrade benefits include:

  • Excellent mobile trading platform
  • Great library of educational resources
  • No hidden fees
  • Proprietary Think or Swim platform is brilliant

 

Pros and Cons

 

Pros and Cons

Pros

 

 

Cons

Great Customer support Slow and not fully digital account opening
Excellent desktop trading platform High fund fees
Lots of Educational Resources No Credit/debit cards for money transfers
Low trading fees and Forex fees
No Minimum deposit

 

A review of FxPro
 

FxPro

 

FxPro UK was founded in 2006 and is a subsidiary of FxPro Group Limited. They boast over 870,000 client accounts in 173 countries and are regulated by the FCA and CySEC, and FSB (FSCA).

FxPro offers incredible execution speeds, with an average execution time of less than 11.06 milliseconds and it processes approximately 7 000 orders per second.

They also boast over 70 international and UK awards in total to date which include:

  • Most Reliable Broker of the Year 2019, “International Investor” Magazine
  • Best FX provider of the Year 2019, Online Personal Wealth Awards
  • Best Tablet Application 2019, Online Personal Wealth Awards
  • Best European Value Broker of the Year 2019, Global Forex Awards
  • Best Global Forex Introducing Broker Programme 2019, Global Forex Awards
  • Best European Forex Trading Platform 2019, Global Forex Awards
  • Best MetaTrader Broker 2019, ForexBrokers com
  • Best in Class of Commissions & Fees, ForexBrokers com
  • 5-stars MetaTrader Broker 2019, ForexBrokers com

 

Features

 

  • No dealing desk
  • Incredibly fast execution speeds
  • Segregated client account

 

Pros and Cons

 

Pros Cons
Wide selection of market instruments No investor protection
Good customer service with 24/7 support Doesn’t offer its services in all countries
Highly regulated
Range of account types
Little to zero commissions charged
Winner of multiple awards

 

A review about OANDA
 

Oanda

 

Oanda is an American Forex broker and technology-driven financial services corporation that was founded in 1996.

Oanda was one of the early online Forex brokers and its claim to fame it that it was the first to have a fully automated Forex trading platform since they always felt that the internet could open trading up for everyone.

Although they were originally based in the US, they have a strong London based office and huge presence in Europe.

Oanda operates across eight global financial centres, with clients in over 196 countries. It has attained licenses from major regulatory jurisdictions, including: The UK, US, Japan, Canada, Singapore, and Australia.

If you are located in South Africa, you can use the Oanda platform.

 

Features

 

  • Client funds are segregated
  • Partners with the likes of Google, KPMG, TESLA, Airbnb, FedEx, IATA, PWC, Twitter, Expedia and others
  • Choice between ECN and market-maker execution models

 

Pros and Cons

 

Pros Cons
Easy and quick digital account opening Only FX and CFDs
Low Forex Fees High withdrawal fees for bank transfers
Web trading platform is easy to use Poor customer service
No withdrawal fees in most cases ID verification can slow down account opening
No minimum deposit
Heavily regulated under 6 major regulatory authorities

 

 

Read 17 🥇 Best Currenex Forex Brokers – ( Reviewed ) 2020

 

A review about CityIndex
 

City Index

 

City Index was founded in 1983 and finds it’s headquarters in London.  They have more than 35 years of experience and is part of the GAIN Capital group.

City Index is listed on the New York Stock Exchange and regulated by top-tier financial authorities such as the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) or Monetary Authority of Singapore (MAS).

Their educational resources are also first grade through the City Index Trading Academy which provides a host of videos covering a variety of subjects as well as webinars.

They also offer in-depth market analysis and research covering all asset classes via articles and webinars which makes their educational offering great for both the beginner and more advanced Forex trader.

 

Features

 

  • 12,000+ instruments to trade
  • More than 12 000 markets to choose from across Forex, Indices, Shares and Commodities.
  • Spread betting
  • CFD trading
  • Forex on MT4

 

Pros and Cons

 

Pros Cons
Low fees for Forex and index CFD’s Limited product portfolio
Top notch trading platform and multiple platforms
Fast and smooth account opening High CFD fees
No withdrawal fee High minimum deposit
Diverse research tools Inactivity fee
No deposit fee
Great market analysis

 

A review about eToro
 

eToro

 

eToro is a brokerage firm based in Tel Aviv, Israel and founded in 2007.  eToro made its name on its social investing platform that allows users to copy the trades of other investors.

In fact, in the eToro social community, traders can become “leaders” and earn from leading other traders that follow and copy their trades.  eToro has 10 million traders worldwide.

The firm started off as a broker that only offered Forex trading and has since expanded its product offerings to include cryptocurrencies, commodities, stocks and market indices.

 

Features

 

  • Premier Social trading/Copy trading platform and community
  • Huge cryptocurrency offering
  • Robust charting
  • Offers access to 15 cryptocurrencies
  • Free stock and ETF trading in Europe

 

Pros and Cons

 

Pros Cons
Fully digital account opening Withdrawing money is slow and costly
Low CFD fees High Forex fees
No deposit fee Only one account base currency used
Service is fast Withdrawal fee
Low minimum initial deposit  No streaming news

 

A review of XTB
 

XTB

 

XTB, founded in 2002, has offices in more than 13 countries including the UK, Poland, Germany, France and Turkey with headquarters based in London and Warsaw. They offer CFD, Crypto and Forex trading.

XTB offers a wide range of financial instruments through its standard and pro account types.

 

Features

 

  • Award winning platform
  • Lots of educational materials offered
  • Offers Negative Balance Protection

 

Pros and Cons

 

Pros Cons
Easy and fast account opening Limited product portfolio
Free and easy deposit and withdrawal Poor email support
Low trading fees High fee for stock CFD
No withdrawal fee
Low Forex and stock index CFD fees
Regulated by top-tier FCA

 

A review about FXCM
 

FXCM

 

FXCM is a UK-based broker that also have offices in the UK, Germany, Australia, France, Italy, Greece, Hong Kong, and South Africa with affiliated offices in Canada and Israel.

FXCM was founded in 1999, and it has grown to be one of the leading providers of online trading and is known for fast trade executions and advanced and innovative technology.

Users can trade on FXCM’s proprietary Trading Station platform for Desktop, Web and Mobile, as well as on MetaTrader 4, NinjaTrader and ZuluTrade.

The broker also offers access to other platforms such as QuantConnect, MotiveWave, AlgoTerminal, Sierra Chart and others as well.

 

Features

 

  • A huge offering of platforms including their proprietary Trading Station
  • Wide range of tradeable markets, research and educational resources
  • Top Notch charting and technical analysis tools

 

Pros and Cons

 

Pros Cons
Low Stock and ETF fees Limited product portfolio
Fast and easy account opening Poor mobile platform
Low trading fees High AUD/USD trading fee
No withdrawal fee
Great technical research tools
High quality educational tools

 

A review about Forex.com
 

Forex.com

 

Forex.com was established in 2001 and is the brand name of GAIN Capital, which is listed on the New York Stock Exchange. Forex.com is a global Forex and CFD brokerage firm with over 40,000 traders

The company is regulated by several financial authorities, including the top-tier Financial Conduct Authority (FCA) in the UK or the US Commodity Futures Trading Commission (CFTC).

Forex.com has garnered many awards and in 2020 it earned Best in Class (top 7) awards for numerous categories including Offering of Investments, Commissions & Fees, Education, Professional Trading, Crypto Trading, Ease of Use, and Overall.

 

Features

 

  • Over 4,500 CFD instruments to trade with
  • Access to over 180 markets which include Forex pairs, stocks, indices, cryptocurrencies and commodities.
  • Diverse technical research tools
  • TradingView charts built into platform

 

Pros and Cons

 

Pros Cons
Great variety of currency pairs Limited product portfolio
Fast and easy account opening High stock CFD fees
Fast execution of trades Higher spreads than some brokers
Low Forex fees No negative balance protection
No withdrawal fees Inactivity fee
Great mobile and desktop functionality

 

A review about Trading 212
 

Trading 212

 

Trading 212 was founded in 2006 and has its headquarters in London, UK but also has offices in Argentina, Chile, Mexico, China, Russia, Italy, Poland, Spain, Germany and more.

They are known for its zero-commission stock trading service in the UK and Europe, which unlocked the trading for millions of people. They offer trading in equities, currencies, commodities, stocks, indices and cryptocurrencies.

Trading 212 uses the best available technology to speed up the placing and execution of orders with proper connection to the most significant liquidity providers.

 

Features

 

  • 3,000+ global stocks and ETF’s
  • Fractional Shares
  • Unlimited instant trades
  • No fees
  • No commission on investing

 

Pros and Cons

 

Pros Cons
Demo accounts available Doesn’t allow scalping
Very low minimum deposit Inactivity fee
Zero commissions Short-selling not allowed
Highly regulated by FCA and FSC Limited research selection
Not ASIC regulated

 

A review about ATC Brokers
 

ATC Brokers

 

ATC Brokers, established in 2005, is a Forex and futures trading brokerage platform that provides Forex ECN trading using the MT4 platform but also offers advanced platforms like NinjaTrader as well.

ATC Brokers provides several trading platforms for Forex trading including NinjaTrader, the MT4, Strategy Builder, FXCM Active Trader and X-Trader platforms.

 

Features

 

  • Uses several ECN connections and has no dealing desk
  • PAMM Accounts are available
  • Spreads for the major currency pairs begin at 0.1 pips for EUR/USD, GPB/USD, and USD/JPY

 

Pros and Cons

 

Pros Cons
Allows scalping High withdrawal fees
Highly regulated by NFA and CFTC Minimum initial capital required is high
ECN execution model High commission fees
Limited research tools

 

 Read Top 100 🥇 Forex Brokers – ( Reviewed ) 2020

 

Conclusion

 

NinjaTrader is a top competitor among the modern trading platforms and demand is increasing as traders continue to look for more intuitive trading platforms.

It offers a level of unparalleled charting techniques and data analyzation, as well as competitive rates and features between NinjaTrader brokers.

The platform may not be the most popular in the Forex market, but it has much to offer in terms of features and performance.

NinjaTrader has won multiple awards and is known for its advanced charting options, market analysis tools, and automated strategy development that is complete with back testing and trade simulation.

It is geared towards the advanced traders with over 100 indicators and the customization options available.

Some of NinjaTrader’s features:

  • Wide choice of charts that are equipped with the best trading indicators and drawing tools. Traders can analyze the markets comprehensively and immediately apply findings to their trading strategies
  • Developers are allowed to build unique trading apps to add on to the platform
  • Simulation and backtesting are available to traders so they can prove their strategies and can then improve on them.
  • NinjaTrader allows traders to use automated trading apps on both Forex and the Futures markets trading.

If you are interested in the NinjaTrader platform, you will certainly find a reputable broker that offers it here. In this article we looked at the best NinjaTrader Forex brokers and the firms that we believe are worth investigating further, according to research in South Africa.

 

Frequently Asked Questions

 

What is Ninja trader?

It is a software package that is known to provide the most intuitive futures trading platform for the trading of forex, stocks, cfds and futures contracts.

Who are Ninja trader Brokers?

Here is a list of the 11 Best Ninja Trader Forex Brokers

Is Ninja trader free?

With a funded account the Ninja trader platform is free to use for market analysis, charting and live trading. (Note that the SIM version is free without a funded account).

Can Ninja trader run on Mac?

No.

Does Ninja Trader have a mobile app?

Clients of Ninja Trader brokerage can use the companion CQG mobile app that is available for Androis & iOS.

 

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