Ninja Trader Review

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NinjaTrader Reviews

by Ben,  2/20/2024

Pros:  Versatile, Integration with the web-based Tradovate platform

Cons:  Steep learning curve, Resource hungry

Review:  NinjaTrader has been an important tool for retail futures traders for many years and it has been developed into one of the most versatile trading platforms in the industry. It may not seem like it when you first load the software due to its basic appearance, but the list of modifications you can make is nearly endless.

Because of its capabilities, there is a lot to learn if you want to use it effectively, but if you put in the time it will serve you well. Some of the first challenges you’ll likely face is how resource dependent the software is. Each new ‘mod’ that you add, brings in a new layer of system requirements so it’s recommended to use the software with a powerful computer with plenty of ram.

Another challenge will be figuring out how to use the platform with whichever broker you trade with. You can use the NinjaTrader brokerage which is nice but you can also run market data from other brokers if you just want to use the platform. It can take a bit of time and reading through forums to find out how to get setup, but once you get all the setting right, everything works as advertised.

As a platform, NinjaTrader is powerful and versatile, but if it’s not setup properly you can easily run into lag issues and other types of problems. As a broker, NinjaTrader is one of the more cost-effective futures brokers offering micro trading with just $50 margin (after the initial margin).

by Jacob,  2/20/2024

Pros: 

Cons: 

Review:  Sadly, you can't choose the install location for the NinjaTrader8 documents folder which caused me some issues during re-installation (after NT8 randomly stopped working for some reason).

Thankfully, Christopher J was on scene to fix my NT8 software. Pretty much all he did was reinstall NT8 for me, but he had some tips which were very useful.
1 - how to backup NT8 workspaces, templates, etc.
2 - the likely cause of my initial issue was a corrupt xml file which he taught me how to fix should that happen again

All in all, great platform and support. Custom file locations would make this a 5 star review.

by FX CAPO,  7/26/2023

Pros: 

Cons: 

Review:  Great customer service and platform.

I had some questions regarding the fees and about some technical issued with the login on different devices.
Matthew S. from the NinjaTrader Client Services replied 30 minutes after I opened a ticket. The issue was resolved the next day. Great customer service.

As far as platform, there is a learning curve but nothing impossible. The fees are too high in my opinion but the option to lower the fees with an monthly membership or lifetime license is a possible way to lower them.

Till now a pleasent experience.

by Kalem,  5/22/2023

Pros:  Platform

Cons:  NT8 Update Migration Issues

Review:  Have traded with NT8 for years now, Love the product.

But ever since they had their Newest update can't seem to execute any of my order access data.

This now makes me want to give them a 1-star review as the level of frustration I'm getting is appalling.

Before their update, they deserve a 5-star for the quality of their product. If they can fix the migration issue I'll update the review back to 5-star. If not it's going to a 1 star.

by Tristan Boettiger,  4/15/2023

Pros: 

Cons: 

Review:  I started trading with Ninja trader because they offered futures trading to South Africans.
I’m very impressed with the software and the service.
Not to mention the execution time of orders being filled given the fact that I’m on another continent.
10/10 very impressed.

by Jack,  3/22/2023

Pros:  Many tools , low fees

Cons:  Incompetent customer service, delayed response

Review:  The platform is suitable for experts and professional traders that have many years of experience. If your an intermediate or beginner then forget about it , as the customer support can’t help. They barely know about trading to help you and they are very slow in response time is.

by Eric,  12/20/2022

Pros:  Easy to use, decent execution with live accounts

Cons:  Slippage, doctored orderflow with prop accounts

Review:  Probably the worst scam for simulated trading style prop accounts. Fees are doctored and slippage is 1-2 points on every trade. When I trade live I have 72% win rate. On ninja platformed prop accounts I have 32% win rate. Simulated pay per month accounts manipulate the action like a casino would. Stay away. If you have to prop trade, provide own data and broker, otherwise they work together to separate you from your money.

by Quintessa,  8/1/2022

Pros: 

Cons:  Complicated

Review:  Process is too complicated and puts you through a whole lot of difficulties just to open am account.

by Steve B,  5/20/2022

Pros:  0

Cons:  Horrid customer service, bad fills, ridiculous stops

Review:  DO NOT USE NINJA.
They will not talk to you or answer your emails.
They make you email you issue and never get back to you. If they do they blame your computer (its brand new high end) or the 3rd party indicators for their system errors. They don't support Ninja 7.
The fills are criminal. get stopped out 2 points higher. When mkt moves quickly in your direction you never get + slippage. I feel like they trade against your orders and screw you every time.
STAY AWAY FROM NINJA you be glad you did!

by ALEXANDER,  2/15/2022

Pros:  None

Cons:  10 day hold on ACH transfer. No stock or options trading.

Review:  Go with Thinkorswim or Interactive Brokers instead.

by Max,  8/10/2021

Pros:  none

Cons:  Ninjatrader executes trading against its costumers

Review:  It took me months to understand that something was wrong...then by recording and looking at my trades over and over again I realized that there is a big difference between the trades executed in simulation and those made with the real account: the price moves very differently between the 2's and there is no way to win any trades with the real account because they're manipulated. All stops are taken no matter where they are placed. There are also noticeable variations and evident differences in speed and this makes it impossible to close positions in time (while in simulation this never happens). This is a legalized scam.

by Jeff,  6/22/2021

Pros:  None

Cons:  Terrible charts, Windows 98 level software, stuck in the 1990s

Review:  NT8 is absolute garbage. Simple zooming on a chart is incredibly difficult and the chart many times won't hold the view properly. Even tech support is mystified with this problem. The issue is that NT was designed in the 1990s and the program hasn't been modified to modern day standards. Thinkorswim, a FREE program runs circles around NT even with its free data feed. If you want a clunky, 1990s style interface that has ranked user-friendliness at the bottom of its priorities, use NT8. Otherwise check out all the other options available to you.

by ptam,  7/31/2020

Pros:  Good trading platform overall.

Cons:  customer service not so great

Review:  I recently tried to open an account with Ninja Trader.
I funded the money to the account from my bank that has my and my mom's name on it.

But they said they cannot fund the account as it does not match my name, but it matches my name. And no where in their policy they stated that it only has to be under my name.

So they said they will refund my account but not the wire transfer fee which was about 23 dollars.

Overall, I get that they cannot fund my account, but for me to fund their account, I had to wire transfer money to them which cost me about about 23 dollars. Its not a large sum of money, but for me who works hourly job its is a lot of money aka [ 2 hours job ].

person I talked to was Michael Scinto
PT

by Mario Lopez,  6/1/2020

Pros: 

Cons:  Cumbersome, and not user friendly

Review:  Ninjatrader sucks big time. One of my main problems is that the platform can only be used in one PC. So, if you have multiple computers, you will not be allowed to use the same Ninjatrader account on all of your PCs, which is an obstacle. It is difficult to learn for new traders.

by SK-WA,  7/19/2019

Pros:  Free Trial

Cons:  Clunky...not dependable.

Review:  NOT USER FRIENDLY...always breaking down or not working as it is supposed to. Would gladly go anywhere else.

by Geraldwall,  5/15/2018

Pros: 

Cons: 

Review:  Before I decided to start using Ninja exclusively, I tried thinkorswim, TradeStation, and MultiCharts. I found the brokerage costs of TradeStation to be too high. I also though the platform was convoluted. MultiCharts has a better design, but did not offer the indicators I wanted to use. Thinkorswim was probably the easiest overall. One thing thinkorswim needs to improve upon is their support for studies. I only found a small handful of strategies to choose from. Don't get me wrong, I think a trader can accomplish a lot with a SMA and a few directional tools. But I also like the ability to crossreference a more robust trading system, and that's where I think thinkorswim falls flat.

I find that NinjaTrader has a similar interface to MultiCharts, the wide support of indicators that TradeStation offers, and the simplicity of thinkorswim. Ninja still has a learning curve, as does any platform. I wish they supported more brokers, but now that they're in the business, I think that probably won't happen. I've had good experiences with Ninja Brokerage so far, but I'd like more options just in case. I like that I was able to get to try Ninja without any obligations at first. This made it easier to switch over. Anyway, I use Ninja as my primary platform now, as it supports a few systems I like to use. I am looking forward to version 8 but staying away for now until they get all the bugs ironed out.

by Wavetrdr,  5/14/2018

Pros:  Free, great platform

Cons:  Sometimes slow

Review:  NinjaTrader fills a niche and it fills it well. Most importantly when compared to all of the other choices out there is that it is 100% free. They do have a permanent version as well as their own brokerage (with competitive fees), but the fact that anyone can download and be up and running within 10 minutes is impressive.

I do prefer TradingView, eSignal and TradeStation, but that's not taking much away from the fact that NinjaTrader is still a fantastic platform with plenty to offer. Users will appreciate how easy it is to connect to virtually any datafeed/broker, and the speed of the platform and navigating is top-notch. The only thing I found to be slow was when using the Market Analyzer to run scans, which slowed down my system a lot when using 100+ symbols.

All in all it's a solid charting platform that is more than sufficient for casual traders, though advanced users may find themselves wanting a bit more...


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