Firstrade vs NinjaTrader compared

Online brokers compared for fees, trading platforms, safety and more. See how Firstrade stacks up against NinjaTrader!

Firstrade
NinjaTrader

Last update of dataDec 2022

Firstrade

Firstrade is a US discount broker regulated by the top-tier SEC and FINRA.

Recommended for beginners and investors looking for zero-commission trading, focusing on the US market.

NinjaTrader

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.

Recommended for active traders focusing on futures.

Firstrade's service is on par with NinjaTrader's and a comparison of their fees shows that Firstrade's fees are similar to NinjaTrader's.

Account opening takes somewhat less effort at Firstrade compared to NinjaTrader, deposit and withdrawal processes are somewhat easier at Firstrade, while customer service quality is considerably lower than NinjaTrader's.

Our experts rated the trading platform of Firstrade as being of the same quality as the platform of NinjaTrader, found that clients have access to more markets and products with Firstrade, while NinjaTrader provides just about the same quality of research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.5

Recommended for Beginners and investors looking for zero-commission trading, focusing on the US market

Overall Score
4.4

Recommended for Active traders focusing on futures

Best futures broker

Country of origin

USA

Country of origin

USA

Fees

Fees score
4.4
Fees score
4.4
Fees summary

Low trading and non-trading fees, free stock, ETF, fund and options trading

Fees summary

Low trading, but high non-trading fees

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

Crypto fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
2.2
Deposit and withdrawal score
1.6
Number of base currencies

1

Number of base currencies

3

Deposit type

Withdrawal type

Account opening

Account opening score
4.2
Account opening score
3.5
Account opening fully online
Account opening fully online
Minimum deposit
*

$0

*
Minimum deposit
*

$400

*
Time to open account

1-3 days

Time to open account

>3 days

Required documents

Proof of identity: SSN / passport / national ID card / driver's license

Required documents

Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill / driver's license / credit card statement

Trading platform

Web platform score
4.3
Web platform score
-
Mobile platform score
3.8
Mobile platform score
-
Desktop platform score
-
Desktop platform score
4.8

Markets and products

Markets and products score
3.2
Markets and products score
1.9
Stocks
*
*
Stocks
Fractional shares
Fractional shares
ETFs
ETFs
Forex
Forex
*
*
Funds
*
*
Funds
Bonds
Bonds
Options
Options
*
*
Futures
Futures
Crypto
*
*
Crypto
*
*
CFDs
CFDs

Research, education

Research score
4.8
Research score
4.8
Charting quality

Great

Charting quality

Great

Education score
3.5
Education score
5.0
Demo account
Demo account

Customer service

Customer service score
1.1
Customer service score
5.0
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

$500,000 (securities up to $500,000, cash up to $250,000)

Investor protection amount

No protection

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

1985

Foundation date

2003

Country of regulation

USA

Country of regulation

USA

Firstrade

For detailed information and hands-on experience, read our review of this broker.

NinjaTrader

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

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.

Brokers displayed might not be available in United States.

×