Freetrade vs NinjaTrader compared

Freetrade
NinjaTrader
Key differences
We took 8 criteria of our comparison (fee, account opening, customer service, markets&product, research, trading platform, deposit&withdrawal) and listed the angles with the greatest difference here below.
  • Research score
    0.0
    /5
  • Deposit and withdrawal score
    4.0
    /5
  • Account opening score
    5.0
    /5
  • Research score
    4.8
    /5
  • Deposit and withdrawal score
    1.6
    /5
  • Account opening score
    3.5
    /5
Recommended for
  • Beginners
    4.4
    /5
  • Equity
    4.7
    /5
  • Investors and traders globally
You can't open an account in United States
You can open an account in United States
Top 5 brokers
Based on your country, these brokers are great matches for you.

Basic data of broker

Overall score
4.7

Recommended for Long-term investors on the hunt for low fees and focusing on the UK and US markets

Best ISA broker

Overall score
4.4

Recommended for Active traders focusing on futures

Best futures broker

Country of origin
Broker's country of establishment

UK

Country of origin
Broker's country of establishment

USA

Fees

Fees score
4.4
Fees score
4.4
Fees summary
BrokerChooser's qualitative summary on the broker's prices

Low trading and non-trading fees, low stock and ETF fees

Fees summary
BrokerChooser's qualitative summary on the broker's prices

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
4.0
Deposit and withdrawal score
1.6
Number of base currencies
How many account currencies you can choose from

1

Number of base currencies
How many account currencies you can choose from

3

Deposit type

Withdrawal type

Account opening

Account opening score
5.0
Account opening score
3.5
Account opening fully online
Account opening fully online
Minimum deposit
The minimum amount you have to deposit for using the account
No minimum deposit
*

$0

*
Minimum deposit
The minimum amount you have to deposit for using the account
$400 minimum deposit
*

$400

*
Time to open account
BrokerChooser estimation on time needed to access account after all documents are provided by customer

1 day

Time to open account
BrokerChooser estimation on time needed to access account after all documents are provided by customer

>3 days

Required documents
Documents required for opening an account
No documents needed if they manage to match you electronically to the data you provide
*

Proof of identity: passport / driver's license Proof of residency: bank statement / utility bill

*
Required documents
Documents required for opening an account

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
-
Web platform score
-
Mobile platform score
4.7
Mobile platform score
-
Desktop platform score
-
Desktop platform score
4.8

Markets and products

Markets and products score
3.0
Markets and products score
1.9
Stocks
Stocks are available
Stocks
Stocks are available
Fractional shares
Fractional shares are available
£2 is the minimum
*
*
Fractional shares
Fractional shares are available
ETFs
ETFs are available
ETFs
ETFs are available
Forex
Forex is available
Forex
Forex is available
Forex is available through FXCM, Oanda, Forex.com
*
*
Funds
Funds are available
Funds
Funds are available
Bonds
Bonds are available
Bonds
Bonds are available
Options
Options are available
Options
Options are available
Options on Futures only: US indexes, Some FX, Commodities, US Government bonds
*
*
Futures
Futures are available
Futures
Futures are available
Crypto
Crypto is available in any form (e.g. as a CFD or ETF)
Crypto
Crypto is available in any form (e.g. as a CFD or ETF)
Futures
*
*
CFDs
Any CFD is available, e.g. stock CFD or commodity CFD
CFDs
Any CFD is available, e.g. stock CFD or commodity CFD

Research, education

Research score
0.0
Research score
4.8
Charting quality

Poor

Charting quality

Great

Education score
3.0
Education score
5.0
Demo account
Demo account

Customer service

Customer service score
5.0
Customer service score
5.0
Phone
You can reach the broker by phone
Phone
You can reach the broker by phone
Live chat
Live chat is available
Live chat
Live chat is available
Email
Email support is available
Email
Email support is available
24/7 availability
At least one customer support channel, i.e. live chat, phone or email, is available even on the weekend
24/7 availability
At least one customer support channel, i.e. live chat, phone or email, is available even on the weekend

Security

Investor protection amount
The protection amount depends on the country where you opened your account. In the US, forex trading and commodity-related contract (e.g. futures or options) are generally not covered.

£85k

Investor protection amount
The protection amount depends on the country where you opened your account. In the US, forex trading and commodity-related contract (e.g. futures or options) are generally not covered.

No investor protection

Investor protection
Amount of the investor protection provided by the broker

£85k

Investor protection
Amount of the investor protection provided by the broker

No investor protection

Banking background
Whether the broker has a banking background
Banking background
Whether the broker has a banking background
Listed on stock exchange
The broker is listed on a stock exchange
Listed on stock exchange
The broker is listed on a stock exchange
Foundation date

2016

Foundation date

2003

Country of regulation
Which countries' regulators oversee the broker

UK

Country of regulation
Which countries' regulators oversee the broker

USA

Freetrade

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.

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.

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

Account opening takes less effort at Freetrade compared to NinjaTrader, deposit and withdrawal processes are much more seamless at Freetrade, while customer service quality is similar to NinjaTrader's.

Our experts rated the trading platform of Freetrade as somewhat worse than the platform of NinjaTrader, found that clients have access to slightly more markets and products with Freetrade, while NinjaTrader provides excellent research and education.

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