Is NinjaTrader free?
NinjaTrader does not provide access to real stock trading on US markets. If you are looking for a zero-commission broker to trade on US stock exchanges, you can check our article detailing the best apps offered in this category of brokers. If you wish to stick with NinjaTrader though, then you will find the fees they charge below.
NinjaTrader fees
Overview of NinjaTrader fees and charges
It's safe to say that NinjaTrader's fees are low in general. They either don't charge a brokerage fee for things that other brokers do, or they only charge a small amount.
Here's a high-level overview of NinjaTrader's fees
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock fee | - | Available if you connect brokers, like TD Ameritrade |
| EURUSD fee | - | Available if you connect brokers, like FXCM, Forex.com, or Oanda |
| US mutual fund fees | - | Not available |
| Inactivity fee | High | $25 per month if you log into the platform, but don't place any round trade |
NinjaTrader fees
NinjaTrader fees explained
Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because online brokerages' businesses can be much better scaled: from a purely technical standpoint, it doesn't make that much of a difference for them if they have 100 or 5,000 clients.
This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:
- Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
- A commission is either fixed or based on the traded volume.
- A spread is the difference between the buy price and the sell price.
- A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
- Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.
We compare NinjaTrader fees with its closest competitors, Optimus Futures and AMP Futures.
NinjaTrader fees
NinjaTrader trading fees
NinjaTrader's trading fees are low, which makes it suitable for you even if you trade often (i.e. several times a week).
Let's break down trading fees according to the different asset classes available at NinjaTrader.
Trading fees
NinjaTrader's trading fees are low.
Options fees
NinjaTrader's options fees are .
| NinjaTrader | Optimus Futures | AMP Futures | |
|---|---|---|---|
| US stock options | - | - | - |
| US stock index options | - | - | - |
| UK stock index options | - | - | - |
| German stock index options | - | - | - |
Futures fees
NinjaTrader's futures fees are low.
| NinjaTrader | Optimus Futures | AMP Futures | |
|---|---|---|---|
| US micro e-mini stock index futures | $3.5 | $2.5 | $1.4 |
| UK stock index futures | $12.9 | $7.5 | $9.8 |
| German e-mini stock index futures | $12.9 | - | $7.4 |
Currency conversion fee
NinjaTrader will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: $30 per currency conversion.
NinjaTrader fees
NinjaTrader non-trading fees
When it comes to non-trading fees, NinjaTrader is a rather cheap broker.
Non-trading fees include various brokerage fees and charges at NinjaTrader that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.
| NinjaTrader | Optimus Futures | AMP Futures | |
|---|---|---|---|
| Withdrawal fee | $40 | $30 | $30 |
| Deposit fee | $0 | $0 | $0 |
| Inactivity fee | Yes | No | No |
| Account fee | No | No | No |
NinjaTrader fees
NinjaTrader deposit fee
Usually, brokers don't charge anything for deposits, and NinjaTrader is no different.
| NinjaTrader | Optimus Futures | AMP Futures | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | No |
| Electronic wallets | No | No | No |
| Deposit fee | $0 | $0 | $0 |
NinjaTrader fees
NinjaTrader withdrawal fee
Unfortunately, NinjaTrader does charge a withdrawal fee of $40 for bank transfers. This means that you need to pay this amount when you transfer money from your brokerage account back to your bank account. Sometimes this is a flat fee, but a percentage charge may be applied in some cases. It's up to you to decide whether you can tolerate this, keeping in mind that flat fees can hurt more if you withdraw small amounts only.
| NinjaTrader | Optimus Futures | AMP Futures | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | No |
| Electronic wallets | No | No | No |
| Withdrawal fee for bank transfer | $40 | $30 | $30 |
NinjaTrader fees
NinjaTrader inactivity fee
NinjaTrader does apply an inactivity fee and it is $25 per month if you log into the platform, but don't place any round trade. Keep this in mind to avoid getting charged after a longer idle period. The fact that NinjaTrader charges an inactivity fee makes it less ideal for you if you are a buy-and-hold investor.
The inactivity fee charged by NinjaTrader is high.
| NinjaTrader | Optimus Futures | AMP Futures | |
|---|---|---|---|
| Inactivity fee | Yes | No | No |
| Inactivity fee | $25 per month if you log into the platform, but don't place any round trade | No inactivity fee | No inactivity fee |
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