Online brokers provide new customers with offers as a way of attracting a wider audience. The online broker industry is competitive and requires innovative advertising, product management, and creative deals.
NinjaTrader offers new customers the chance to claim a welcome offer upon signing up. It is important to note that the latest NinjaTrader new customer offer is only valid until the 31st October 2020. Thus, if you do find yourself reading this after the stated date, you’ll need to visit the site to find, what should be, a new offer. The fact that NinjaTrader currently has on offer for new customers makes us believe this is a standard practice for this reputable online company.
The current new customer offer will include up to $200 in commission rebates. In order to claim this offer, it is required of you to fund your account with at least $400. For the remainder of 2020, you’ll receive rebates back on all trades. Commission rebates will be credited on a monthly basis of up to $0.25 per contract – granted commission rate exceeds $0.25 per contract. Routing, NFA, and exchange fees will still apply. Keep in mind that existing account holders are not eligible for this offer.
When assessing the strength of an online platform, regardless of service provided, one must analyze the overall usability. Without a functional platform, it is near impossible to make use of the services provided. Platforms that are slow do not possess the necessary capabilities do not rank highly. As such, our NinjaTrader review has delved into the official website and returned with a verdict on three counts.
Usability
The usability of the website comes out favorably. It’s easy to navigate from one landing page to the next. Added to which, all the buttons and features work effectively. NinjaTrader USA has managed to create a decent website that is highly functional. As user-interfaces go, NinjaTrader opinions are not divided – it scores top marks all-round.
Design
The design of the NinjaTrader USA website does not necessarily score as highly as the usability. First impressions are lacklustre to say the least. Blue, black, red, and white are the common colors which don’t make for the best color scheme. The layout could do with a little work, too. However, the website isn’t cluttered – an issue that plagues many websites. The fact that there isn’t as much going on makes it easier to navigate. One can find what one’s looking for within seconds. Designs are less important in any case, especially when the actual website functions well.
Performance-wise, the site is streamlined and responds efficiently. Upon closer inspection, there were no issues around prolonged waiting times, nor did the site lag at any point in time. This bodes well for the actual trading platforms. Something we’ll be discussing in more detail in no time.
The next section of the NinjaTrader USA review is to analyze the available NinjaTrader open account options. Not all brokers provide a variety of accounts. Finding the correct account for you is important as this will shape your future trading experience. For another broker that offers a streamlined account opening process, take a look at our Nadex USA review.
NinjaTrader open account options
Broadly speaking, there are three different NinjaTrader open account options available to new customers. By visiting the site, click on the red button which says Open Account. The three different NinjaTrader open account types that are displayed are:
- Buy Platform
- Futures
- Forex
For newcomers, it is advisable to choose the Buy Platform account type. From here on, one can choose between another three accounts. However, the best option for a newcomer (rookie trader) would be to select a free trading account. This allows you to download the trading platform free of charge. The functionalities will be slightly more limited, but this is a great introduction to online trading. The core essential needed to engage in trading will be available. Please note that it is mandatory to fund a free account with the minimum prescribed amount of $400. In order to select this, click on OPEN ACCOUNT.
It is also possible to purchase the trading platform by leasing it or buying it once off. For those who lease the platform, additional tools and features will be available. An annual lease costs $720 while semi-annual leases are billed at $425. For those who prefer to buy the platform once off, even more features will become available. Advanced trader tools and order flow tools are the order of the day when buying the platform outright. This once-off payment will cost $1099. Otherwise, it is possible to make 4 payments of $329 each.
Futures Account
As the name suggests, this NinjaTrader open account option is for those who wish to trade solely in futures. Opening this account gives you access to one of NinjaTrader’s partner firms, which in turn enables you to access exciting futures markets. Our NinjaTrader review recommends this account for those looking to engage in futures trading with wide exposure to markets. There’s no need to make any initial payment but it is important to fund your NinjaTrader open account with a minimum of $400.
It is also possible to trade by way of a forex account. However, the main focus on the NinjaTrader platform is trading in futures. Thus, we recommend you use a basic futures account and then decide on the platform you wish to use. Regardless of whether or not you use the free platform, lease it, or buy it outright, it is possible to engage in futures trading. You’ll still receive the same benefits. Keep in mind that there are added features when leasing or buying. If you are set on using a forex-dominated platform, TradersBest.com has an alternative option available to you. We’ve reviewed a number of alternative broker accounts for your consideration, get the latest on the Robinhood open account. Check out the GAIN Capital opinions piece for an online broker that focuses on forex trading. There are a number of featured brokers, with the possibility of finding the right one that trades in exactly what you are after.
Our NinjaTrader review has noted that there is one type of platform that caters to all trading needs. For an online broker that offers multiple trading platforms, take a look at the latest Cobra Trading USA review. NinjaTrader USA has incorporated a platform that has a number of unique features and tools. For those looking to access the platform without having to buy it, this is possible. NijaTrader USA prides itself on offering a free trading platform to all.
It must be noted that the free platform will have far less analytical tools and will not function at peak performance. However, for traders who are starting out, the free platform does have more than enough to offer. It’s possible to use the free platform for advanced charting and backtesting – creating a fascinating simulation of trades. Below are these two features which are fundamental to the performance and overall strength of the NinjaTrader USA trading platform.
Charting
The key advantage of advanced charting features is that it is possible to visualize how markets are acting and reacting. it is possible to customize your charting needs by choosing from a range of chart styles. This industry-leading technical visualization has been adopted by many and proves for a much more insightful trading experience. There are hundreds of indicators which can be added providing for technical analysis on a much larger scale.
Backtesting
The free platform will also allow you to conduct backtesting, creating an environment to test strategies on historical data. By playing out hypothetical scenarios and incorporating your strategy, it is possible to test the viability of one’s approach. Use this feature to test run the trading ideas you have. One of the key advantages of simulating trades is to verify your trading goals through practical analysis.
Next up in the latest NinjaTrader review is the payments section. When signing up with an online broker, you’ll need to know how to fund your account. It’s one thing creating a NinjaTrader open account. The next step is making deposits and withdrawing funds at a later stage. The exercise is to make a profit and secure your funds as best as you can. There are two ways in which you can fund your NinjaTrader open account. Keep in mind that by funding your account you will not incur additional fees.
Deposits
Funding your account is relatively simple. Our NinjaTrader review has noted that it is possible to do so by wire transfer or check. However, you’ll need to choose your Futures Commission Merchant (FCM) before funding your account. Each merchant will have different details. Beneficiaries and subsequent banks will be completely different. This is important to remember as it might lead to paying the incorrect merchant. Funds from third party money transfer services will not be accepted. If payment is made via check, expect a 5 working day period for the check to clear.
Withdrawals
In order to withdraw funds from your account, you’ll need to make a request. Checks will only be sent to account holders with US addresses. it is possible to make use of wire transfers or broker to broker withdrawals, too. Withdrawals will only clear if you have sufficient funds available. Our NinjaTrader review also notes that if you have traded today, funds will only be readily available the following working day. Withdrawals made via check must equate to a minimum of $250 while minimum account balances must remain at $50 or more.
Take a look at the latest EagleFX opinions for a broker that accepts payments via bank card. Wire transfers are pretty secure though and we’d recommend using this option when funding your account with NinjaTrader.
Our NinjaTrader review has noted that the customer support team is responsive and according to NinjaTrader reviews, award-winning. Finding a broker that has a strong customer support team is vital when using an online service. This is even more true due to the fact that you will be using your own financials to fund your account. It is possible to use the online submission form in order to make queries. The customer support team is on standby and will get back to you rather speedily. Our NinjaTrader USA review has noted it takes only a couple of minutes to receive a response.
Visit the Help section and enter your name and nature of query. After you have typed your message, you’ll be able to submit your query. If you don’t wish to do this, you can always visit the general FAQ section. Otherwise, redirect to one of the two guides on hand – Platform and Connection guide. These should answer most of your questions and you might not even require further assistance.
Although it is possible to find most of the information you need on the actual website, it is possible to contact various departments if you wish to speak to a customer service representative directly. The following details can be used depending on your query:
- New accounts: brokeragesales@ninjatrader.com / 312.262.1289
- Pending applications: applications@ninjatrader.com / 312.262.1250
- Platform support: platformsupport@ninjatrader.com
- Brokerage support: brokeragesupport@ninjatrader.com / 1.800.496.1683
- Treasury: treasurysupport@ninjatrader.com
- Compliance: compliance@ninjatrader.com
It is also possible to use the emergency trade desk for emergencies and live orders. Contact the emergency desk at:
- Email: orders@ninjatrader.com
- Phone: 312.423.2234
Our NinjaTrader review rates this online broker exceptionally highly for customer support. There is an extensive list of contact options available to new customers. This is pleasing to see and should be replicated across the board.
Regulation & Deposit Protection
Our NinjaTrader review, much like all of our reviews at TradersBest.com, are always concerned about the regulatory oversight that these online brokers are subjected to – or lack thereof. It is important for online brokers to meet regulatory requirements and be held accountable for their practices. The best online brokers are fair and transparent in their dealings. Added to which, they implement strict security measures in order to safekeep the financials of all customers.
In terms of regulations, NinjaTrader is a National Futures Association (NFA) registered broker providing broker services which are regulated and subject to comprehensive oversight.
In terms of online security, NinjaTrader USA has more than adequate security protocols. These include encrypting the flow of data in their site. The latest in SSL technology is used to encrypt all customers’ information. This makes it extremely hard for third-party intruders to access databases and extract information.
Our NinjaTrader USA review is satisfied with the security measures taken by this online broker. Take a look at the latest IG Broker USA review for another secure online broker.
When it comes to additional offers, NinjaTrader does not provide added bonuses to customers over and above the new customer offer. However, this shouldn’t necessarily count against the online broker.
NinjaTrader has a strong presence online, allowing customers to follow the latest developments and news on new offers as they become available. Take a look at their social media account for more information on this. You can follow NinjaTrader on Twitter, Facebook, Instagram, LinkedIn, and YouTube. The fact that this online broker is so committed to staying relevant as times change, is a sure sign of a company on the up-and-up.
As they continue to increase their coverage, be sure to look out for any mention of new offers and packages.
