NinjaTrader vs Tradovate

Whether you're an experienced futures trader looking for a new brokerage platform or just dipping your toes into futures, NinjaTrader and Tradovate offer excellent charting tools and resources. However, ease of use, customer support, and overall fees vary, making each platform a better choice for certain traders. Read on for a complete overview of NinjaTrader vs. Tradovate to choose the best platform for your trading goals and analysis needs.

Account Fees

The pricing structure of the two platforms is almost identical. Both Ninjatrader and Tradovate have low fees. Neither platform has any equity commission fees. They charge futures commissions of $1.29 per contract and $0.35 per micro.

Both platforms offer a free plan with the trade fees above. You can also pay a $99 per month subscription fee to reduce commissions. For maximum savings, you can pay $1,499 for lifetime access, including reduced commissions. You can divide the $1,499 fee into four payments to spread the costs over a few months.

NinjaTrader Account Fees

• Account Closure Fee: Up to $30
• Administrative fees:
• Clearing Fee: $0.15 per contract
• Order Routing: $0.25 per contract
• Electronic Daily and Monthly Statement: Free
• Minimum Account Activity Fee: $25 per month with no activity
• Currency conversions: 1% of funds converted
• Deposit fees:
• ACH: Free
• Incoming Check or Wires: No fee
• Bounced Check: $30
• Emergency Trade Desk: Free
• Margin Call: $50

Tradovate Account Fees

• $0.09 / Micros
• $0.59 / Standard
• $0.05 / Nano & Event Contracts

Accounts and Features

Both Ninjatrader and Tradovate offer a range of tools and features to enhance trading experiences. These include advanced data analysis, real-time information, futures trading guides, and innovative reporting features. 

You can access excellent futures trading algorithms to accelerate your investing strategy. These online stock brokers give you excellent tools to build your unique profile. Here's an overview of each:

Accounts and Features of NinjaTrader

NinjaTrader is primarily an online futures trading platform for experienced investors who want to trade traditional and alternative futures contracts with low commissions. You can get $50 a day for trading margins with NinjaTrader. It also offers discount pricing on contracts, flexible funding, and no minimum deposit requirement. 

NinjaTrader offers excellent diversification opportunities with various futures contracts, including stocks, mutual funds, exchange-traded funds, cryptocurrency, crude oil, gold, natural gas, and more. The platform offers daily training opportunities, unlimited support, and 24-hour customer support.

You can create free customizable futures trading charts, simulate trading, load live market streams or market trackers, and use leveraged analytical tools for technical analysis. You can also trade micro futures and E-minis, allowing new futures traders to access investments at a lower cost. You can find more in Benzinga's full NinjaTrader review.

Accounts and Features of Tradovate

Tradovate is designed specifically for futures traders. It offers over 40 advanced trading tools built for modern markets. These tools help you easily identify and execute your next trade.

Tradovate is also fully integrated with TradingView, a vast community of traders who connect and share trading ideas using the TradingView charts. This gives users a seamless trading experience and facilitates sharing trade ideas with peers and executing stock futures orders across both platforms. It can help you learn trading strategies that work or find more about Tradovate in Benzinga's full review. 

TradingView offers additional benefits, including:

• Use whichever broker you want while charting on TradingView
• Track all markets on a single platform, including stocks, ETFs, crypto, forex, and futures.
• Excellent economic calendar and various screeners

Mobile App

Mobile apps are essential for traders managing investments on-the-go. NinjaTrader and Tradovate are popular trading platforms with unique features. They cater to different trading strategies and appeal to a wide range of users. By comparing their interface, performance, tools, and user experience, we can highlight strengths and weaknesses. This comparison will help both seasoned traders and newcomers make an informed decision for their trading needs.

NinjaTrader Mobile App

The NinjaTrader mobile app provides easy access for traders to trade on the go. Users can explore the app's features without creating an account first. The app offers free customizable futures trading charts for tailored analysis. It also has simulated trading for practice without financial risk. Market streams provide real-time information on significant market movements.

The app is designed for both novice and experienced traders. It has an intuitive interface that simplifies trading and provides powerful tools. NinjaTrader Mobile caters to every level of expertise, whether you are learning or honing strategies. It is an essential companion for seamless and efficient market engagement. Traders can confidently navigate the trading landscape from anywhere with NinjaTrader Mobile.

Tradovate Mobile App

The Tradovate Mobile App provides futures traders with a range of features to improve their trading experience. Users can access market data, manage trades, and place orders on their mobile devices. The app also connects to TradingView for real-time market tracking and sharing trading ideas, offering convenience for traders both at home and while mobile.

The app is designed for both new and experienced traders with an easy-to-use interface. Users can navigate easily and use advanced trading tools. Customizable dashboards and multi-chart layouts allow effective market trend analysis. The platform includes risk management features for informed decision-making. In summary, the Tradovate Mobile App offers a cohesive and intuitive mobile trading experience for futures traders, keeping them connected and proactive in the fast-paced market.

Customer Support

Customer support in trading platforms can impact user experience. This comparison looks at NinjaTrader and Tradovate’s customer support services. Factors like responsiveness, accessibility, and communication channels are examined. This provides insight into each platform's user support. Knowing these differences is important for traders choosing a platform that meets their support needs.

NinjaTrader Customer Support

NinjaTrader provides strong customer support to assist traders of all levels. Users have access to unlimited support to help them along their trading journey. Daily training opportunities offer insights and knowledge for traders to improve their skills and strategies consistently.

NinjaTrader offers a 24-hour customer support service, catering to serious futures traders in dynamic markets for prompt assistance. This support system boosts traders’ confidence and enhances their trading experience.

Traders have access to support and training to help optimize strategies and navigate the platform effectively. The combination of unlimited support, daily training sessions, and around-the-clock assistance creates a proactive learning environment, making NinjaTrader a reliable partner for traders in the futures market. This support system allows traders to focus on performance while NinjaTrader handles their questions and concerns.

Tradovate Customer Support

Tradovate is dedicated to offering excellent customer support for futures traders. Customers can get assistance through live chat, email, and a knowledge base. The support is tailored to meet the various needs of traders. The platform also integrates with TradingView, allowing users to share insights and strategies. This fosters a collaborative environment for learning and problem-solving.

Customer service is important in the trading industry. Tradovate values responsive assistance for its users. They prioritize quick troubleshooting to keep traders focused on their strategies. Tradovate aims for a seamless experience to enable effective platform usage. Their advanced tools and features are meant to be fully utilized by users. Tradovate's strong customer support and community engagement make it a top choice for futures traders looking for reliability and support in their trading environment.

Ease of Use

Ease of use is crucial for trading platforms and can impact traders' experience. We will compare NinjaTrader and Tradovate, two popular platforms, focusing on user interfaces, learning curves, and accessibility for traders of all levels. By analyzing features, we aim to determine which is more user-friendly. Whether you're new or experienced, understanding platform ease of use can help you choose the best one for your trading needs.

NinjaTrader

NinjaTrader is a sophisticated online futures trading platform for experienced investors seeking low commissions and a wide range of futures contracts, including stock and commodity options. It offers customizable features to meet the needs of traders with specific strategies. The platform includes advanced order flow tools for market insights and customizable charts for effective data visualization.

NinjaTrader has an Advanced Trade Management (ATM) system for automating strategies and managing trades efficiently. The platform is available on desktop and mobile for convenient market access. Users can explore the app without creating an account to test its capabilities. NinjaTrader is favored by experienced traders for its comprehensive features and user-friendly interface.

Tradovate

Tradovate, founded in 2015, is a cloud-based futures trading platform that focuses on providing advanced technology and cost-effective solutions for traders. The platform aims to create an accessible and efficient trading environment for traders of all levels, with a particular emphasis on integrating with TradingView and other respected trading services to enhance the user experience and encourage a collaborative community for sharing insights and strategies.

Tradovate has competitive commission rates, making it a good choice for traders watching costs. It offers advanced charting tools for analyzing market trends effectively. Traders can engage in futures trading affordably with micro contracts available. Tradovate focuses on innovation, community, and affordability, changing how traders interact with futures markets. The platform prioritizes a user-friendly experience.

Safety and Security

Online trading platforms need to prioritize safety and security for traders' investments and personal information. NinjaTrader and Tradovate are popular platforms with unique capabilities that cater to active traders. Understanding how they protect user data and funds is crucial in making an informed choice. We will compare their security features, including data encryption, regulatory compliance, account protection, and additional security protocols, to provide a comprehensive overview of their trader safety measures.

NinjaTrader

NinjaTrader prioritizes safety and security to protect both its users and their financial information. The platform employs advanced encryption protocols to safeguard data transmission, ensuring that sensitive information remains confidential. Additionally, NinjaTrader offers two-factor authentication (2FA), enhancing account protection by requiring a second form of verification during login.

The platform regularly conducts security audits and updates its systems to address potential vulnerabilities. User funds are kept in segregated accounts with reputable banks, providing an added layer of financial security. Moreover, NinjaTrader complies with regulatory standards, giving users confidence in its operational integrity.

With dedicated customer support for security-related inquiries, traders can easily access assistance when needed. The firm also provides educational resources about best practices for ensuring personal account safety. Overall, NinjaTrader's commitment to robust security measures aims to create a safe trading environment, fostering trust among its client base.

Tradovate

Tradovate prioritizes the safety and security of its users through multiple layers of protection. As a fully regulated futures brokerage, it adheres to strict guidelines set forth by the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA). This regulatory oversight ensures that client funds are safeguarded.

Tradovate utilizes state-of-the-art encryption technology to safeguard sensitive data during transactions and account access, preventing unauthorized breaches. Moreover, the platform provides two-factor authentication (2FA) for enhanced security, requiring an additional verification step during login.

Tradovate securely holds client funds in segregated accounts to reduce the risk of loss, monitors systems for threats, and maintains regulatory compliance for a trusted trading environment.

Which Platform Should You Pick?

When comparing NinjaTrader and Tradovate, consider their strengths and weaknesses based on your trading requirements.

NinjaTrader is known for its strong backtesting capabilities, enabling traders to thoroughly test their strategies using historical data. Its flexible framework accommodates different automated trading strategies and offers a wide range of instruments, making it suitable for active traders and those looking for a customizable trading platform. However, beginners may find the learning curve to be challenging.

However, Tradovate is known for its technology-focused, smooth trading experience, and device synchronization. The cloud-based platform enables easy accessibility from various devices, beneficial for traders who prioritize flexibility and efficiency. Despite this, it may not offer the extensive backtesting and strategy development features that advanced traders prefer.

NinjaTrader is recommended for experienced traders looking for comprehensive tools and backtesting capabilities, while Tradovate may be more suitable for beginners or those seeking user-friendly, agile trading options. Your decision should be based on the level of customization and complexity needed in your trading environment.

Frequently Asked Questions