NinjaTrader Logo
Our top alternative brokers to NinjaTrader
TradeStation
4.7
Visit broker
tastyworks
4.7
Visit broker
Our top alternative brokers to NinjaTrader
TradeStation
4.7
Visit broker
tastyworks
4.7
Visit broker
NinjaTrader Alternatives

The best alternatives to NinjaTrader are

  1. TradeStation - US stockbroker
  2. tastyworks - US options and stockbroker
  3. SogoTrade - US-based stockbroker
  4. ChoiceTrade - US-based stockbroker

Let's see in a bit more detail how the NinjaTrader alternatives compare to NinjaTrader and each other:

NinjaTrader alternatives comparison
NinjaTrader TradeStation tastyworks SogoTrade ChoiceTrade
Overall score 4.4 4.7 4.7 4.2 4.1
Fees score 4.2 stars 4.1 stars 4.5 stars 4.0 stars 4.4 stars
Account opening score 3.8 stars 5.0 stars 5.0 stars 5.0 stars 4.4 stars
Deposit and withdrawal score 1.6 stars 2.3 stars 1.9 stars 1.8 stars 0.8 stars
Web platform score - 4.5 stars 3.4 stars 3.0 stars 1.5 stars
Markets and products score 1.8 stars 2.8 stars 2.6 stars 1.7 stars 2.1 stars
Visit broker Visit broker Visit broker Visit broker

Why are these brokers considered good alternatives to NinjaTrader? There are many areas based on which NinjaTrader can be compared with others. When we say a given online broker is a good alternative to NinjaTrader we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

NinjaTrader alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • NinjaTrader is recommended for active traders focusing on futures
  • TradeStation is recommended for traders focusing on us markets and buy-and-hold investing
  • tastyworks is recommended for options and futures traders focusing on us markets
  • SogoTrade is recommended for stock and options traders with a us focus who value great customer service
  • ChoiceTrade is recommended for stock and options traders looking for low trading fees and focusing on the us market

Important factors of finding NinjaTrader alternatives

So far BrokerChooser has reviewed 85 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether NinjaTrader or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. NinjaTrader is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost NinjaTrader alternative.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At NinjaTrader, the account opening is slower than average, so if you consider this important some NinjaTrader alternatives can be a good choice.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you cannot make a deposit with your credit card at NinjaTrader, some alternatives might allow you to do that.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given NinjaTrader alternative is a must.


Now let's dive into the details of how NinjaTrader and its alternatives perform in the most important areas!

NinjaTrader alternatives
TradeStation

TradeStation is a US stockbroker founded in 1982. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Clients are eligible for up to $500,000 investor protection per account (including cash up to $250,000).

TradeStation is considered safe because it has a long track record; discloses its financials; and its parent company, the Monex Group, is listed on the Tokyo Stock Exchange.

Recommended for traders focusing on us markets and buy-and-hold investing

Pros Cons
Great web and mobile trading platform Not user-friendly deposit and withdrawal
Low stock and ETF fees No forex trading
High-quality educational tools Mediocre customer service

Visit broker

Fees
4.1

TradeStation has low trading fees, and you can choose from multiple fee structures. On the negative side, withdrawals can be costly.
Pros Cons
Low trading fees Withdrawal fee
Low stock and ETF fees / Free stock trading
Multiple fee structures to choose from
NinjaTrader vs. TradeStation: Trading fees
TradeStation NinjaTrader
Apple benchmark fee $2.3 -
Vodafone benchmark fee - -
EURUSD benchmark fee - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Visit broker More

Account opening
5.0

TradeStation account opening is fully digital, user-friendly and fast. On the other hand, USD is the only available base currency (except for futures accounts).
Pros Cons
Fast Only USD accounts (unless you trade futures)
Fully digital
User-friendly
NinjaTrader vs. TradeStation: Minimum deposit, time to open an account
TradeStation NinjaTrader
Minimum deposit $0 $400
Time to open account 1 day >3 days

If you are interested more in TradeStation minimum deposit, this overview will help you.

Visit broker More

Deposit and withdrawal
2.3

TradeStation's deposit and withdrawal functions are somewhat limited, as you can use only bank transfer; and the fee for wire transfer withdrawals is high.
Pros Cons
No deposit fee Credit/Debit card not available
Deposit and withdrawal in cryptocurrencies High fee for wire withdrawal
Only USD accounts (unless you trade futures)
NinjaTrader vs. TradeStation: Withdrawal options
TradeStation NinjaTrader
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $40

Visit broker More

Web trading platform
4.5

TradeStation has a nice-looking, user-friendly web trading platform with a safe login process, but it lacks price alerts.
Pros Cons
User-friendly No price alerts
Clear fee report
Two-step (safer) login
Web trading platform of TradeStation, a NinjaTrader alternative
NinjaTrader vs. TradeStation: Trading platform scores
TradeStation NinjaTrader
Web platform score 4.5 stars -
Mobile platform score 4.8 stars -
Desktop platform score 2.5 stars 4.8 stars

Learn more about TradeStation's web trading platform in the detailed TradeStation review.

Visit broker

Markets and products
2.8

TradeStation grants access to a wide variety of US products, but its non-US market coverage is poor. Also, forex and CFDs are not available.
NinjaTrader vs. TradeStation: Markets and products
TradeStation NinjaTrader
Stock Yes No
ETF Yes No
Forex No No
Fund Yes No
Bond Yes No
Options Yes Yes
Futures Yes Yes
CFD No No
Crypto Yes Yes

Visit broker More

Verdict

TradeStation is a great US broker.

The web and mobile platforms are very user-friendly with many functions. It also offers low stock and ETF trading fees. On top of that, TradeStation's education materials are well-structured and high quality.

On the other hand, the deposit and withdrawal functions are not user-friendly as you can only use bank transfer. There is no forex trading, and customer service has room for improvement.

Feel free to try TradeStation if you prefer trading on US markets. We recommend it for buy and hold investors with at least some experience.

Below you can find links to all aspects of TradeStation in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our TradeStation fees article.

What about the minimum deposit?

Our ultimate guide to the TradeStation minimum deposit is updated regularly.

How to start your TradeStation account?

Look no further than our evaluation of the TradeStation account opening.

How's their trading app?

Here's our expert view after checking the TradeStation trading app.

Is the quality of customer service satisfactory?

All you need to know about the TradeStation customer service.

Legit or scam?

Is TradeStation legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether TradeStation is really free.

Is this broker good for beginners?

We checked it in Is TradeStation good for beginners.

Should you buy your silver bullets on TradeStation?

Research for silver bugs in the Silver buy on TradeStation guide

I want to trade options, are they available at TradeStation?

We explored the topic in Can you trade options on TradeStation?

TradeStation
Summary TradeStation is a US stockbroker regulated by FINRA, a top-tier US regulatory body.
Fees score 4.1 stars
Recommended for Traders focusing on US markets and buy-and-hold investing

Visit broker More

NinjaTrader alternatives
tastyworks

tastyworks is a young, up-and-coming US broker focusing on options trading. It is regulated by the top-tier Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Australian Securities and Investments Commission (ASIC) for Australian clients

The people behind tastyworks are the same experts who built thinkorswim, now operated by TD Ameritrade. tastyworks is privately owned; it was established in 2017 and is headquartered in Chicago.

Recommended for options and futures traders focusing on us markets

Pros Cons
Low trading fees Limited product selection
Great educational materials Few deposit and withdrawal options
Good research tools No demo account

Visit broker

Fees
4.5

tastyworks has low trading fees and there is no inactivity fee. On the other hand, you have to pay a high withdrawal fee for wire transfers.
Pros Cons
Low trading fees Withdrawal fee for bank (wire) transfers
Low stock and ETF fees / Free stock trading
No inactivity fee
NinjaTrader vs. tastyworks: Trading fees
tastyworks NinjaTrader
Apple benchmark fee $0.3 -
Vodafone benchmark fee - -
EURUSD benchmark fee - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Visit broker More

Account opening
5.0

tastyworks account opening is user-friendly, fast, fully digital, and involves no minimum deposit.
Pros Cons
Fast None
Fully digital
No minimum deposit
NinjaTrader vs. tastyworks: Minimum deposit, time to open an account
tastyworks NinjaTrader
Minimum deposit $0 $400
Time to open account 1 day >3 days

If you are interested more in tastyworks minimum deposit, this overview will help you.

Visit broker More

Deposit and withdrawal
1.9

tastyworks's deposit and withdrawal functions are easy to use and there's no deposit fee, but you can use only bank transfer, and withdrawals can be expensive especially for non-US clients.
Pros Cons
No deposit fee Credit/Debit card not available
User-friendly Only one account base currency
Free ACH withdrawals in the US High fee for wire withdrawals
NinjaTrader vs. tastyworks: Withdrawal options
tastyworks NinjaTrader
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $40

Visit broker More

Web trading platform
3.4

The tastyworks web platform is great for experienced traders, especially for options trading. However, it takes time to figure out how its functions work, and its customizability is limited.
Pros Cons
Clear fee report Limited customizability (for charts, workspace)
Price alerts Not suited for beginners
Two-step (safer) authentication for certain functions
Web trading platform of tastyworks, a NinjaTrader alternative
NinjaTrader vs. tastyworks: Trading platform scores
tastyworks NinjaTrader
Web platform score 3.4 stars -
Mobile platform score 4.2 stars -
Desktop platform score 3.9 stars 4.8 stars

Learn more about tastyworks's web trading platform in the detailed tastyworks review.

Visit broker

Markets and products
2.6

At tastyworks, you can trade US stocks, ETFs, options and some futures. Other popular asset classes like mutual funds or bonds are missing, as are international assets.
NinjaTrader vs. tastyworks: Markets and products
tastyworks NinjaTrader
Stock Yes No
ETF Yes No
Forex No No
Fund No No
Bond No No
Options Yes Yes
Futures Yes Yes
CFD No No
Crypto No Yes

Visit broker More

Verdict

tastyworks is an excellent broker for options trading, but it is a bit complicated if you want to trade stocks only.  

tastyworks's trading fees are low, with free stock and ETF trading fees. Its trading platform is aimed at experienced options traders, and can be intimidating for beginners. However, its educational and research tools are great for learning. Deposit and withdrawal processes could be better, and a demo account would also be great for practice purposes.

As there is no minimum deposit, no inactivity fee or monthly fee, and the account opening process is seamless, you should feel free to try it.

Below you can find links to all aspects of tastyworks in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our tastyworks fees article.

What about the minimum deposit?

Our ultimate guide to the tastyworks minimum deposit is updated regularly.

How to start your tastyworks account?

Look no further than our evaluation of the tastyworks account opening.

How's their trading app?

Here's our expert view after checking the tastyworks trading app.

Is the quality of customer service satisfactory?

All you need to know about the tastyworks customer service.

Legit or scam?

Is tastyworks legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether tastyworks is really free.

Is this broker good for beginners?

We checked it in Is tastyworks good for beginners.

Should you buy your silver bullets on tastyworks?

Research for silver bugs in the Silver buy on tastyworks guide

I want to trade options, are they available at tastyworks?

We explored the topic in Can you trade options on tastyworks?

tastyworks
Summary tastyworks is a recently established US options and stockbroker. It is overseen by FINRA, a top-tier regulatory body.
Fees score 4.5 stars
Recommended for Options and futures traders focusing on US markets

Visit broker More

NinjaTrader alternatives
SogoTrade

SogoTrade is a US stockbroker, which was founded in 1986. The company is regulated by the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA).

Although it is not listed on any stock exchanges and does not have a banking background, SogoTrade is considered safe because it has a long track record and it is regulated by top-tier regulators. Clients are eligible for the SIPC investor protection scheme which offers up to $500,000 (cash up to $250,000) per account.

Recommended for stock and options traders with a us focus who value great customer service

Pros Cons
Low stock and ETF fees High non-trading fees
Wide range of research tools Limited product portfolio
Relevant and fast customer service Not user-friendly desktop trading platform

Visit broker

Fees
4.0

SogoTrade has low stock, ETF, and options fees. The inactivity fee is also low, charged only after a year, and if your account balance is under $100. On the other hand, the margin rates are high and the fees for wire withdrawals are high.
Pros Cons
Low trading fees High margin rates
Low stock and ETF fees / Free stock trading High fee for wire withdrawal
Low inactivity fee
NinjaTrader vs. SogoTrade: Trading fees
SogoTrade NinjaTrader
Apple benchmark fee $10.1 -
Vodafone benchmark fee - -
EURUSD benchmark fee - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Visit broker More

Account opening
5.0

Opening an account at SogoTrade is fast and fully digital for both US and international citizens, but it sorely lacks user-friendliness.
Pros Cons
Fast Not user-friendly
Fully digital
No minimum deposit
NinjaTrader vs. SogoTrade: Minimum deposit, time to open an account
SogoTrade NinjaTrader
Minimum deposit $0 $400
Time to open account 1 day >3 days

If you are interested more in SogoTrade minimum deposit, this overview will help you.

Visit broker More

Deposit and withdrawal
1.8

You can transfer money only by bank transfer and non-US clients are charged $50, while US clients are charged $25 for wire withdrawals. As a plus, the deposit and the ACH withdrawals are free.
Pros Cons
No deposit fee Only one account base currency
Free ACH withdrawal Slow withdrawal - over 3 days
High fee for wire withdrawal
NinjaTrader vs. SogoTrade: Withdrawal options
SogoTrade NinjaTrader
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $40

Visit broker More

Web trading platform
3.0

SogoTrade's web trading platform is user-friendly, has a good search function, and offers a variety of order types. However, it's not customizable, it doesn't look particularly nice, and doesn't have two-step authentication.
Pros Cons
User-friendly No clear fee report available
Good search function No two-step (safer) login
Good variety of order types Limited customizability (for charts, workspace)
Web trading platform of SogoTrade, a NinjaTrader alternative
NinjaTrader vs. SogoTrade: Trading platform scores
SogoTrade NinjaTrader
Web platform score 3.0 stars -
Mobile platform score 4.5 stars -
Desktop platform score 0.9 stars 4.8 stars

Learn more about SogoTrade's web trading platform in the detailed SogoTrade review.

Visit broker

Markets and products
1.7

At SogoTrade, you can trade with US stocks, ETFs, options, and cryptos. However, the offered assets cover only the US market and popular asset classes, such as bonds or mutual funds, are not provided.
NinjaTrader vs. SogoTrade: Markets and products
SogoTrade NinjaTrader
Stock Yes No
ETF Yes No
Forex No No
Fund No No
Bond No No
Options Yes Yes
Futures No Yes
CFD No No
Crypto No Yes

Visit broker More

Verdict

SogoTrade is a great broker for US stock and options trading.

The stock and ETF fees are low. You can use a wide range of research tools, including a wide range of analytical tools. Lastly, it also has great customer support which gives fast and relevant answers.

On the negative side, SogoTrade charges $50 per year inactivity fee and high wire withdrawal fees, $50 for non-US clients and $25 for US clients. The product offer is limited, you can trade only with stock, ETF, and options. The desktop trading platform can be improved as it is not user-friendly-structured and misses essential tools, like price alerts.

As the account opening is seamless, and the trading fees are low, feel free to try it.

Below you can find links to all aspects of SogoTrade in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our SogoTrade fees article.

What about the minimum deposit?

Our ultimate guide to the SogoTrade minimum deposit is updated regularly.

How to start your SogoTrade account?

Look no further than our evaluation of the SogoTrade account opening.

How's their trading app?

Here's our expert view after checking the SogoTrade trading app.

Is the quality of customer service satisfactory?

All you need to know about the SogoTrade customer service.

Legit or scam?

Is SogoTrade legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether SogoTrade is really free.

Is this broker good for beginners?

We checked it in Is SogoTrade good for beginners.

Should you buy your silver bullets on SogoTrade?

Research for silver bugs in the Silver buy on SogoTrade guide

I want to trade options, are they available at SogoTrade?

We explored the topic in Can you trade options on SogoTrade?

SogoTrade
Summary SogoTrade is a US-based stockbroker, regulated by top-tier US authorities the SEC and FINRA. It is not listed on a stock exchange and does not have a banking backgorund.
Fees score 4.0 stars
Recommended for Stock and options traders with a US focus who value great customer service

Visit broker More

NinjaTrader alternatives
ChoiceTrade

ChoiceTrade is a US-based stockbroker founded in 2000. The broker is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) and it is also a member of SIPC. SIPC membership ensures that clients are eligible for the SIPC investor protection scheme, which protects assets up to $500,000 (cash up to $250,000) per account.

ChoiceTrade is considered safe because it has a long track record, it is regulated by top-tier regulators and it discloses its annual financial statements. 

Recommended for stock and options traders looking for low trading fees and focusing on the us market

Pros Cons
Commission-free listed stock and ETF trades High non-trading fees
Fast and easy account opening Not user-friendly withdrawal
User-friendly mobile trading platform Limited product portfolio

Visit broker

Fees
4.4

ChoiceTrade charges low trading fees and you can trade listed stocks and ETFs with no commission. On the flip side, the non-trading fees are high.
Pros Cons
Low trading fees Withdrawal fee
Commission-free stock trading Inactivity fee
NinjaTrader vs. ChoiceTrade: Trading fees
ChoiceTrade NinjaTrader
Apple benchmark fee $0.3 -
Vodafone benchmark fee - -
EURUSD benchmark fee - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Visit broker More

Account opening
4.4

Opening an account at ChoiceTrade is easy, fast and fully digital for both US and international clients.
Pros Cons
Fully digital None
Low minimum deposit
User-friendly
NinjaTrader vs. ChoiceTrade: Minimum deposit, time to open an account
ChoiceTrade NinjaTrader
Minimum deposit $100 $400
Time to open account 1-3 days >3 days

If you are interested more in ChoiceTrade minimum deposit, this overview will help you.

Visit broker More

Deposit and withdrawal
0.8

The deposit process at ChoiceTrade is smooth, but withdrawing funds is cumbersome. Credit/debit cards are not accepted, there is a high withdrawal fee and the process is not user-friendly.
Pros Cons
No deposit fee Credit/Debit card not available
High withdrawal fee
Withdrawal is excessively complicated
NinjaTrader vs. ChoiceTrade: Withdrawal options
ChoiceTrade NinjaTrader
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $5 $40

Visit broker More

Web trading platform
1.5

ChoiceTrade's web trading platform offers a clear fee report and a great variety of order types. On the other hand, the design is outdated, there is no two-step login, and the search functions are poor.
Pros Cons
Clear fee report No two-step (safer) login
Good variety of order types Poor search function
Order confirmation Design is very outdated
Web trading platform of ChoiceTrade, a NinjaTrader alternative
NinjaTrader vs. ChoiceTrade: Trading platform scores
ChoiceTrade NinjaTrader
Web platform score 1.5 stars -
Mobile platform score 3.5 stars -
Desktop platform score 2.8 stars 4.8 stars

Learn more about ChoiceTrade's web trading platform in the detailed ChoiceTrade review.

Visit broker

Markets and products
2.1

ChoiceTrade only offers stocks, ETFs and options traded on US and Canadian exchanges.
NinjaTrader vs. ChoiceTrade: Markets and products
ChoiceTrade NinjaTrader
Stock Yes No
ETF Yes No
Forex No No
Fund No No
Bond No No
Options Yes Yes
Futures No Yes
CFD No No
Crypto No Yes

Visit broker More

Verdict

US and international clients can trade listed stocks and ETFs with no commission at ChoiceTrade. The account opening is easy, fully digital and takes 1-2 days. The broker also offers a great and user-friendly mobile trading platform.

On the negative side, the inactivity fee and withdrawal fees for bank transfers are high. The withdrawal process is not user-friendly and only bank transfer is available. The product portfolio is limited, you can only trade stocks, ETFs, and options.

Given that the account opening is seamless and you can trade stocks and ETFs with zero commission, feel free to try it.

Below you can find links to all aspects of ChoiceTrade in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our ChoiceTrade fees article.

What about the minimum deposit?

Our ultimate guide to the ChoiceTrade minimum deposit is updated regularly.

How to start your ChoiceTrade account?

Look no further than our evaluation of the ChoiceTrade account opening.

How's their trading app?

Here's our expert view after checking the ChoiceTrade trading app.

Is the quality of customer service satisfactory?

All you need to know about the ChoiceTrade customer service.

Legit or scam?

Is ChoiceTrade legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether ChoiceTrade is really free.

Is this broker good for beginners?

We checked it in Is ChoiceTrade good for beginners.

Should you buy your silver bullets on ChoiceTrade?

Research for silver bugs in the Silver buy on ChoiceTrade guide

I want to trade options, are they available at ChoiceTrade?

We explored the topic in Can you trade options on ChoiceTrade?

ChoiceTrade
Summary ChoiceTrade is a US stockbroker, regulated by top-tier US authorities the SEC and FINRA. It is not listed on a stock exchange and does not have a banking backgorund.
Fees score 4.4 stars
Recommended for Stock and options traders looking for low trading fees and focusing on the US market

Visit broker More

NinjaTrader alternatives
NinjaTrader

NinjaTrader is a US-based software company that provides a great trading platform with advanced research tools. The company was founded in 2003.

Besides providing the software, NinjaTrader is a registered NFA (National Futures Association) company and an introducing broker of brokers like Phillip Capital and Dorman Trading. The introducing broker status means that your assets and cash are held with a broker, like Phillip Capital, but the platform, fees and customer support are provided by NinjaTrader.

In our review, we tested NinjaTrader's platform and brokerage services through an account opened with Phillip Capital. Phillip Capital is a global broker, regulated by top-tier financial authorities such as the US Commodity Futures Trading Commission (CFTC) and the UK's Financial Conduct Authority (FCA).

You can also connect the following brokerage accounts to NinjaTrader platforms: Interactive Brokers, TD Ameritrade, Oanda, Forex.com, FXCM and City Index. The advantage of connecting these accounts is that you can trade other popular asset classes, like stocks, on NinjaTrader's great platform.

Recommended for active traders focusing on futures

Pros Cons
Low trading fees High withdrawal fee
Great platform and research No mobile app and desktop is only on Windows
Quality educational materials Only futures and options on futures

Fees
4.2

NinjaTrader has low trading fees for futures and options on futures. The fee structure is transparent. On the negative side, there is a high withdrawal fee.
Pros Cons
Low trading fees High withdrawal fee
Transparent fee structure
NinjaTrader alternatives trading fees
NinjaTrader TradeStation tastyworks SogoTrade ChoiceTrade
US stock - $1.0 $0.0 $4.9 $0.0
UK stock - - - - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k

Account opening
3.8

NinjaTrader's account opening is fully digital and the minimum deposit is low, at $400. On the other hand, account verification can take a long time, as much as 4-5 business days, and the account opening process is a bit complicated.
Pros Cons
Fully digital Slow
Low minimum deposit
NinjaTrader alternatives minimum deposit and account open times
NinjaTrader TradeStation tastyworks SogoTrade ChoiceTrade
Minimum deposit $400 $0 $0 $0 $100
Time to open account >3 days 1 day 1 day 1 day 1-3 days

Learn more about NinjaTrader minimum deposit here.

Deposit and withdrawal
1.6

NinjaTrader's deposit and withdrawal services could be better. You can use only bank transfer and check, and there is a high fee for bank withdrawals. As a plus, there is no deposit fee and withdrawals are quick.
Pros Cons
No deposit fee Credit/Debit card not available
Quick withdrawal, less than 1 business day High withdrawal fee
NinjaTrader and alternatives withdrawal options and fees
NinjaTrader TradeStation tastyworks SogoTrade ChoiceTrade
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card No No No No No
Electronic wallets No No No No No
Withdrawal fee $40 $0 $0 $0 $5

Web trading platform

At the time of the review, NinjaTrader provided only a desktop platform. The only way to use a web trading platform along with NinjaTrader's desktop trading platform is if you connect an external brokerage account, with a broker like Interactive Brokers or Oanda.
NinjaTrader and alternatives trading platform scores
NinjaTrader TradeStation tastyworks SogoTrade ChoiceTrade
Web platform score - 4.5 stars 3.4 stars 3.0 stars 1.5 stars
Mobile platform score - 4.8 stars 4.2 stars 4.5 stars 3.5 stars
Desktop platform score 4.8 stars 2.5 stars 3.9 stars 0.9 stars 2.8 stars

Learn more about NinjaTrader's web trading platform in the detailed NinjaTrader review.

Markets and products
1.8

At NinjaTrader Brokerage you can trade only futures and options on futures. To trade popular asset classes like stocks or spot forex, you have to connect your existing brokerage account to NinjaTrader.
NinjaTrader and alternatives markets and products
NinjaTrader TradeStation tastyworks SogoTrade ChoiceTrade
Stock No Yes Yes Yes Yes
ETF No Yes Yes Yes Yes
Forex No No No No No
Fund No Yes No No No
Bond No Yes No No No
Options Yes Yes Yes Yes Yes
Futures Yes Yes Yes No No
CFD No No No No No
Crypto Yes Yes No No No

Verdict

NinjaTrader is a great platform for futures trading.

On the plus side, we liked the low commissions. Its advanced platform is great for experienced traders, especially for futures traders. The educational material provided by Ninja is well structured and they have an active user forum as well.

NinjaTrader Brokerage has some drawbacks though. The fees for withdrawal are high, at $30-40 per withdrawal. There is no mobile platform and the desktop platform is available only on Windows. Lastly, the product portfolio covers only futures and options on futures.

As there is no fee for the demo account and you can open it within a few minutes, feel free to try NinjaTrader.

Below you can find links to all aspects of NinjaTrader in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our NinjaTrader fees article.

What about the minimum deposit?

Our ultimate guide to the NinjaTrader minimum deposit is updated regularly.

How to start your NinjaTrader account?

Look no further than our evaluation of the NinjaTrader account opening.

How's their trading app?

Here's our expert view after checking the NinjaTrader trading app.

Is the quality of customer service satisfactory?

All you need to know about the NinjaTrader customer service.

Legit or scam?

Is NinjaTrader legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether NinjaTrader is really free.

Is this broker good for beginners?

We checked it in Is NinjaTrader good for beginners.

Should you buy your silver bullets on NinjaTrader?

Research for silver bugs in the Silver buy on NinjaTrader guide

I want to trade options, are they available at NinjaTrader?

We explored the topic in Can you trade options on NinjaTrader?

NinjaTrader
Summary NinjaTrader is a US-based software company that has an excellent desktop application for advanced users, particularly futures traders. NinjaTrader is an NFA-registered company and an introducing broker of brokers like Phillip Capital and Dorman Trading.
Fees score 4.2 stars
Recommended for Active traders focusing on futures

NinjaTrader alternatives
Bottom line

Based on our analysis, there are several good alternatives to NinjaTrader. They all offer similar products and target similar customers. Here's a recap of the results in a table.

NinjaTrader alternatives
Broker Info Recommended for
NinjaTrader Global platform provider focusing on futures trading Active traders focusing on futures
TradeStation US stockbroker Traders focusing on US markets and buy-and-hold investing
tastyworks US options and stockbroker Options and futures traders focusing on US markets
SogoTrade US-based stockbroker Stock and options traders with a US focus who value great customer service
ChoiceTrade US-based stockbroker Stock and options traders looking for low trading fees and focusing on the US market

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

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

Share

Comments

Our top alternative brokers to NinjaTrader

TradeStation tastyworks
×