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NinjaTrader Review 2020

While our testing found the NinjaTrader trading platform to be decent, traders looking to trade stocks, options, and futures can find more robust tools and better overall pricing with other online brokerages such as TD Ameritrade and TradeStation.

Top Takeaways for 2020

After testing Ninja Trader, here are our findings:

  • As an online brokerage, NinjaTrader is built primarily for active futures traders who require an advanced suite of trading tools. For a well-rounded futures trading experience that also places a focus on stocks and options, see our 2020 guide, Best Brokers for Futures Trading.
  • The standard NinjaTrader platform is free. Advanced features such as automated trading, backtesting, custom indicators, and OCO orders will cost $60/month. For access to additional advanced features, such as volumetric bars, analyzing trade order with order flow, and a market depth map, Traders will have to purchase the lifetime license for $1099. Funded account minimums are $400 for a futures account.
  • We do not recommend NinjaTrader for options, beginners, or day trading.
  • NinjaTrader platform technology is robust. NinjaTrader offers customizable charts, indicators, and drawings, all of which are visually clean and easy to edit.
  • Because NinjaTrader's clientele prefers advanced charting and analysis, there is not much offered in terms of research or news. For brokers that provide comprehensive research and both stock and futures trading, read our Best Brokers for Futures Trading guide.

Overall Summary

FeatureNinjaTrader
Overall 3.5 Stars
Commissions & Fees 3 Stars
Offering of Investments 3 Stars
Platforms & Tools 3.5 Stars
Research 2 Stars
Education 3.5 Stars
Mobile Trading 3 Stars
Customer Service 4.5 Stars
Ease of Use 3 Stars

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Blain Reinkensmeyer

About the author: As Head of Research at StockBrokers.com, Blain Reinkensmeyer has 18 years of trading experience with over 1,000 trades placed during that time. Referenced as a leading expert on the US online brokerage industry, Blain has been quoted in the Wall Street Journal, The New York Times, Forbes, and the Chicago Tribune, among others.

All pricing data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.

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