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Best NinjaTrader Brokers to Trade with

Date: Tuesday, July 27, 2021 8:31 AM EDT


The NinjaTrader software offers an intuitive trading platform for forex, stocks, CFDs, and futures contracts. It has more than 60,000 users from over 150 countries across the world. Many forex trading brokers offer the platform to their clients. 

Some of the best NintaTrader brokers in 2021 are:


Interactive Brokers

Founded in 1978, Interactive Brokers is one of the biggest discount brokers based in the US. It is licensed and supervised by multiple financial authorities globally, including the SEC and FCA. Traders can trade forex, stocks, futures, bonds, and options in 31 countries. 


Features:

  • Over 4,300 no-transaction-fee mutual funds
  • Advanced and smart order router
  • A 0.25 percentage point discount on margin rates for NerdWallet users who sign up for IBKR Pro
  • Mutual fund replicator to find lower-cost exchange-traded funds


Pros:

  • Wide range of products
  • Great research tools
  • Highly regulated
  • Extremely smart order router
  • Low trading fees


Cons:

  • Website difficult to navigate
  • Substantial fees with small or inactive accounts
  • Inactivity fees
  • Complicated account opening


TD Ameritrade

TD Ameritrade is a renowned broker in the US. With competitive fees, a wide range of accounts and investment options, as well as brilliant investment resources, this broker is definitely worth considering if you are looking for investing in stocks, bonds, and other instruments. The Think or Swim platform of this broker is a sophisticated multi-asset desktop experience ideal for forex trading. 


Features:

  • Brilliant mobile trading platform
  • Propriety Think or Swim platform
  • No hidden fees
  • Great library of educational resources 


Pros:

  • Excellent desktop trading platform
  • Low trading fees and forex fees
  • No minimum deposit
  • Great customer support

Cons:

  • High fund fees
  • No option for credit/debit cards for money transfers
  • Slow and not fully digital account opening


FxPro

Founded in 2006, FxPro UK is a subsidiary of FxPro Group Ltd. At present, more than 870,000 clients from 173 countries trade with this broker. It is regulated by CySEC, FSB, and FCA. FxPro offers fast execution. The average execution time on this broker is less than 11.06 milliseconds. It processes approximately 7000 orders per second. 


Features:

  • No dealing desk
  • Incredibly fast execution 
  • Segregated client account


Pros:

  • Wide selection of market instruments
  • Highly regulated
  • Range of account types
  • Good customer service with 24/7 support
  • Little to no commissions charged


Cons:

  • No investor protection
  • Services not available in all countries


Oanda

Founded in 1996, Oanda is an American forex broker and financial services corporation. It was one of the early online forex brokers that started offering a fully automated forex trading platform. Although the broker was based in the US originally, it also has a strong presence in Europe. Oanda runs eight global financial centers that have clients from more than 196 countries. The broker is licensed under major regulatory jurisdictions, including the UK, US, Japan, Canada, Singapore, and Australia. 


Features:

  • Segregated client funds
  • Partnership with major companies like Google, KPMG, TESLA, FedEx, PWC, IATA, and Twitter
  • The choice between ECN and market maker execution models


Pros:

  • Quick and easy digital account opening
  • Low forex fees
  • Easy to use web trading platform
  • No minimum deposit
  • No withdrawal fees in most cases
  • Well regulated under major financial authorities


Cons:

  • Only FX and CFDs
  • ID verification slowing down account opening
  • High withdrawal fees for bank transfers
  • Poor customer service


FXTM

FXTM is a broker based in the UK with more offices in Germany, France, Greece, Australia, Hong Kong, Italy, and South Africa. Founded in 1999, the broker is now well known for the fast execution of trades and innovative and advanced technology. 


Features:

  • A vast offering of platforms including its propriety trading station
  • Wide range of tradable markets, research, and educational resources
  • Top-notch charting and technical analysis tools


Pros:

  • Low stock and ETF fees
  • Low trading fees
  • Fast and easy account fee
  • No withdrawal fee
  • High-quality educational tools
  • Great technical research tools


Cons:

  • Limited product portfolio
  • High AUD/USD trading fee
  • Poor mobile platform

Some of the other best NinjaTrader brokers are Forex.com, ATC Brokers, and XTB. 

Image source: Unsplash

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