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Best NinjaTrader Forex Brokers 2020

FX Empire Editorial Board
Last Update:
At FX Empire, we stick to strict standards of a review process. Learn about our review process. FX Empire may receive compensation. Here’s how we make money.

The brokers below represent the best NinjaTrader features.

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BrokerRatingOfficial SiteRegulationsMin DepositMax LeverageTrading PlatformsFoundation YearPublicly TradedTrading Desk TypeCurrenciesCommoditiesIndicesStocksCryptoCommission on tradesFixed spreadsoffers promotionsOfficial Site
FXCM
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73.05% of retail investor accounts lose money

ASIC, FCA, FSP

$50

1:30

MT4

1999

Dealing Desk, Market Maker

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73.05% of retail investor accounts lose money

FOREX.com
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk

CFTC, NFA

$50

1:50

MT4, MT5

1999

Market Maker

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk

Pro Tip: Most of these brokers offer free demo accounts so you can test the brokers and their platforms with virtual money. Give it a try with some play money before using your own cash.

Here’s a list of The Best Brokers Using NinjaTrader Software.


Note: Not all Forex brokers accept US clients. For your convenience we specified those that accept US Forex traders as clients.

FXCM

Regulated By:ASIC, FCA, FSP

Foundation Year:1999

Headquarters:20 Gresham Street, 4th Floor, London EC2V 7JE, United Kingdom

Min Deposit:$50

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73.05% of retail investor accounts lose money

FXCM Group is an international online forex and CFD brokerage brand. Founded on 1999, The company is based in the UK. The brokerage firm also maintains offices in several jurisdictions such as Australia and South Africa.

In terms of tradable products, FXCM offers trading in the spot forex markets, cryptocurrencies, Treasury bond (the bund) and Contract for Difference (CFDs) for market indices and commodities. Due to the new ESMA regulation, the maximum leverage offered by FXCM is now restricted to 1:30 for major currency pairs.

Pros:  Cons:
  • Regulated Broker
  • Multiple choices of trading platforms
  • Numerous free trading tools provided
  • Low minimum deposit requirement
  • Comprehensive educational section
  • Limited product portfolio
  • No longer accepts US clients after losing US regulatory license

Forex.com

Regulated By:CFTC, NFA

Foundation Year:1999

Headquarters:135 US Highway 202/206 Bedminster, New Jersey, 07921

Min Deposit:$50

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk

Forex.com is a leading US foreign exchange brokerage with a clear focus on Forex, as the name implies. It claims to be the largest Forex broker in the United States. This US broker is open 24 hours a day, 5 days a week. It supports an impressive 83 currency pairs with up to 50:1 leverage.

You can get started with a demo account. With a live account, fees are competitive and you can earn a rebate with high trading volumes. It supports the MT4 platform, common for international brokerages but less common in the US. As a US commodity brokerage, it is regulated by the CFTC and a member of the National Futures Association. It was founded in 1999 and located in Bedminster, New Jersey.

Pros: Cons:
  • Large number of supported currency pairs
  • Competitive pricing and volume rebates
  • 20 years in business
  • Does not yet support MetaTrader 5
  • Operates as a market maker
  • Limited tradable assets

What is Ninjatrader?

Ninjatrader is an award-winning trading platform developed for traders’ active in the stocks, futures, and forex markets. Its known for it’s advanced charting options, market analysis tools, automated strategy development complete with backtesting and trade simulation. With over 100 indicators and the customization options available, it serves traders well as a very advanced and modern trading platform.

Pros and Cons of Ninjatrader

Ninjatrader is an award-winning trading platform for a reason. It holds an extensive list of features and advantages over other trading platforms. But as with all trading platforms, there are drawbacks and disadvantages to it as well. Below are some of the key pros and cons of Ninjatrader.

Pros

  • A very intriguing advantage is the free use of its main features via a demo account. You can not place live trades this way, but it also has an affordable live mode as well.
  • Very scalper friendly with an Advanced Trade Management system that allows automation at lightning speed.
  • Healthy amount of quality brokerage offerings
  • Uses Ninjascript programming language which is similar to C#. This provides ease of customization with many knowledgeable programmers.
  • Very high-quality charting options (over 100 indicators and further customization and development)
  • Great customer support
  • Advanced analytical tools and third party addons available.

Cons

  • Quite a steep learning curve when getting started.
  • Not nearly as many brokerages available compared to some other leading platforms such as Metatrader.
  • Again, unlike many other platforms there is no mobile platform (yet).

Why should I choose a Ninjatrader forex broker?

Brokerages who offer the Ninjatrader platform to their clients offer a variety of options for its use. You can either lease, buy, or pay higher commissions for use of the platform. Another option is to go directly through Ninjatrader’s own brokerage to start trading. The amount of options available for using the platform and choosing a forex broker are good for all traders needs. In addition to this, Ninjatrader and their brokers offer excellent customer support, discounted commissions, and of course an advanced trading platform.

How to choose a Ninjatrader forex broker?

When choosing a Ninjatrader forex broker, you must use your due diligence and look in to the brokerage fully.

  • It’s important to understand the costs involved and what the brokerage offers in terms of fees, commissions, discounts, and special offers.
  • You need to know where the brokerage is regulated and whether you are covered.
  • The quality of customer support and care is of the upmost importance. You want to establish a satisfying understanding and relationship with your broker.
  • Of course, experience and reputation is important as well. Read reviews and inform yourself.

Conclusion

Ninjatrader is a top competitor among the modern 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 traders and brokers of this sort.  So which brokers offer Ninjatrader? Of these which are the ones you should trade with? Check out our list for the most highly recommended Ninjatrader brokers.

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Trade With A Regulated Broker

  • Your capital is at risk