Is NinjaTrader really 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.
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 (buy and sell)|
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, TradeStation and tastyworks.
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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.
NinjaTrader's trading fees are low.
NinjaTrader's options fees are .
|US stock options||-||$10.0||$5|
|US stock index options||-||$10.0||$12.5|
|UK stock index options||-||-||-|
|German stock index options||-||-||-|
NinjaTrader's futures fees are low.
|US micro e-mini stock index futures||$3.5||$5.0||$8.5|
|UK stock index futures||$12.9||-||-|
|German e-mini stock index futures||$12.9||-||-|
NinjaTrader non-trading fees
When it comes to non-trading fees, NinjaTrader is a rather expensive broker. This means that it tends to charge you a lot for non-trading-related activities.
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 deposit fee
Usually, brokers don't charge anything for deposits, and NinjaTrader is no different.
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.
|Withdrawal fee for bank transfer||$40||$0||$0|
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 (buy and sell). 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||$25 per month if you log into the platform, but don't place any round trade (buy and sell)||$50 per year if balance <$2,000 or if less than 5 trades per year||No inactivity fee|