Is NinjaTrader free as of September 2024?
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.
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 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 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 .
US stock options
|
-
|
-
|
-
|
---|---|---|---|
US stock index options
|
-
|
-
|
-
|
UK stock index options
|
-
|
-
|
-
|
German stock index options
|
-
|
-
|
-
|
Data updated on September 23, 2024
Futures fees
NinjaTrader's futures fees are low.
US micro e-mini stock index futures
|
$3.5
|
$2.5
|
$1.4
|
---|---|---|---|
UK stock index futures
|
$12.9
|
$7.5
|
$11.0
|
German e-mini stock index futures
|
$12.9
|
-
|
$8.2
|
Data updated on September 23, 2024
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: 1% of funds converted, minimum 10 units of currency being sold.
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.
Withdrawal fee
|
$0
|
$20
|
$30
|
---|---|---|---|
Deposit fee
|
$0
|
$0
|
$0
|
Inactivity fee
|
Yes
|
No
|
No
|
Account fee
|
No
|
No
|
No
|
Data updated on September 23, 2024
NinjaTrader deposit fee
Usually, brokers don't charge anything for deposits, and NinjaTrader is no different.
Bank transfer
|
Yes | Yes | Yes |
---|---|---|---|
Credit/debit card
|
No | No | No |
Electronic wallets
|
No | No | No |
Deposit fee
|
$0
|
$0
|
$0
|
Data updated on September 23, 2024
NinjaTrader withdrawal fee
NinjaTrader generally doesn't charge a withdrawal fee.
Bank transfer
|
Yes | Yes | Yes |
---|---|---|---|
Credit/debit card
|
No | No | No |
Electronic wallets
|
No | No | No |
Withdrawal fee for bank transfer
|
$0
|
$20
|
$30
|
Data updated on September 23, 2024
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.
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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Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.