Exness Review
NinjaTrader Review
Overall, NinjaTrader is very competitive in terms of its trading fees and spreads. NinjaTrader is considered low-risk and is regulated by Capital Markets Authority (CMA). NinjaTrader has an overall Trust Score of 85% out of 100. NinjaTrader is currently not regulated by the Central bank of Botswana.
- Louis Schoeman
Jump to:
Regulation and Safety of Funds
Account Types and Features
Account Registration
Trading Platforms
Range of Markets
Fees
Deposits and Withdrawals
Education and Research
Affiliate Program
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.5/5
Min Deposit
USD 0
Regulators
CFTC
Trading Desk
No Trading Desk
Crypto
Yes
Total Pairs
9
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
NinjaTrader Review – 23 key points quick overview:
NinjaTrader Overview
👉 Overall, NinjaTrader is considered low risk, with an overall Trust Score of 85 out of 100. NinjaTrader is licensed by one Tier-1 Regulator (high trust), zero Tier-2 Regulators (average trust), and zero Tier-3 Regulators (low trust).
👉 NinjaTrader offers two main retail trading accounts, namely a Forex and Futures Account, with the option of being an Individual Account, Joint Account, Corporate Account, LLC Account, Partnership Account, Retirement Account, and Trust Account.
👉 NinjaTrader was founded in 2003 and offers software and brokerage services to active traders. The NinjaTrader program is free to use with a funded account for charting, market research, and live trading.
👉 NinjaTrader specializes in options, futures, and foreign exchange. This platform, governed by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC), provides several distinctive tools, trading features, and brokerage services.
👉 The traded securities determine the minimum deposit for NinjaTrader, and commissions change depending on the platform. The platform’s capabilities and features will also delight experienced traders.
👉 Their award-winning trading platform is strong and equipped with innovative features and technology to satisfy the needs of even the most discerning traders.
👉 In addition, it is free for basic features like charting, market analytics, the creation of automated trading strategies, trade simulation, and backtesting.
👉 For hundreds of indications, NinjaTrader also offers add-ons and applications, enabling you to make well-informed trading choices. Before investing any money, you can use their site for free.
👉 With round-the-clock technical help and emergency trade support available 24/7, NinjaTrader’s customer service is excellent. While investigating their goods and services, I spoke with their representatives, who were courteous and well-informed.
👉 Their emails are promptly responded to with material that is well explained. Other than that, they matched or above standards for customer service. The only thing lacking is a chat service.
👉 NinjaTrader accepts Botswanan clients and has an average spread from 1.1 pips with 0.09 USD commission. NinjaTrader has a maximum leverage ratio of up to 1:50, and there is a demo but no Islamic Account.
👉 NinjaTrader Desktop, Mobile, and CQG Mobile platforms are supported. NinjaTrader is headquartered in the United Kingdom and regulated by the National Futures Association (NFA).
NinjaTrader Distribution of Traders
👉 NinjaTrader currently has the largest market share in these countries:
➡️ United States – 48.9%
➡️ Mexico – 3.4%
➡️ Germany – 3.5%
➡️ India – 2.8%
➡️ Spain – 2.6%
Popularity among traders who choose NinjaTrader
👉 Despite not having a big market share in Botswana, NinjaTrader is among the Top 100 brokers for Botswanans since it is a reputable broker and trading platform that allows traders from that country.
NinjaTrader At a Glance
| 🏛 Headquartered | United States |
| 🌎 Global Offices | United States |
| 🏛 Local Market Regulators in Botswana | • Ministry of Finance and Economic Development (MFED) • Bank of Botswana (BoB) • Non-Bank Financial Institutions Regulatory Authority (NBFIRA) |
| 💳 Foreign Direct Investment in Botswana | 115.89 BWP Million in 2021 |
| 💰 Foreign Exchange Reserves in Botswana | 5270 USD Million in 2021 |
| ✔️ Local office in Gaborone? | No |
| 👨⚖️ Governor of SEC in Botswana | None, Moses Dinekere Pelaelo is the Governor of the Bank of Botswana |
| ✔️ Accepts Botswana Traders? | Yes |
| 📊 Year Founded | 2003 |
| 📞 Botswana Office Contact Number | None |
| 📱 Social Media Platforms | • Twitter • YouTube |
| ⚖️ Regulation | NFA |
| 1️⃣ Tier-1 Licenses | National Futures Association (NFA) |
| 2️⃣ Tier-2 Licenses | None |
| 3️⃣ Tier-3 Licenses | None |
| 🪪 License Number | United States – NFA ID 0339976 |
| ⚖️ MFED, BoB, or NBFIRA Regulation | No |
| ✔️ Regional Restrictions | None indicated |
| ☪️ Islamic Account | No |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 2 |
| ✔️ PAMM Accounts | Yes |
| 💻 Liquidity Providers | Unknown |
| ✔️ Affiliate Program | Yes |
| 📱 Order Execution | Market and Instant |
| 📊 Starting spread | 1.1 pips EUR/USD |
| 📉 Minimum Commission per Trade | From $0.09 on the Lifetime Package |
| 💰 Decimal Pricing | Up to 5 digits after the comma |
| 📞 Margin Call | None |
| 🛑 Stop-Out | None |
| 📉 Minimum Trade Size | 0.01 lots |
| 📈 Maximum Trade Size | 100 lots |
| ✅ Crypto trading offered? | No |
| ✔️ Offers a BWP Account? | No |
| 📉 Dedicated Botswana Account Manager? | No |
| 📈 Maximum Leverage | 1:50 |
| 📊 Leverage Restrictions for Botswana? | No |
| 💳 Minimum Deposit (BWP) | 660 BWP or an equivalent of $50 |
| ✔️ Botswana Pula Deposits Allowed? | No |
| 📊 Active Botswana Trader Stats | 250,000+ |
| 👥 Active Botswana-based NinjaTrader customers | Unknown |
| 🔁 Botswana Daily Forex Turnover | Unknown, Forex overall is $6.6 Trillion |
| 💰 Deposit and Withdrawal Options | • ACH • Cheques • Domestic Wire Transfer • International Wire Transfer |
| 💻 Minimum Withdrawal Time | Within 24 hours |
| ⏰ Maximum Estimated Withdrawal Time | Between 5 to 7 working days |
| 💳 Instant Deposits and Instant Withdrawals? | No |
| 🏛 Segregated Accounts with Botswana Banks? | No |
| 📱 Trading Platforms | • NinjaTrader Desktop • NinjaTrader Mobile • CQG Mobile |
| 💻 Tradable Assets | • Futures • Options • Options on Futures • Forex |
| ✔️ Offers USD/BWP currency pair? | No |
| 📊 USD/BWP Average Spread | No |
| ✅ Offers Botswana Stocks and CFDs | No |
| 💻 Languages supported on the Website | English |
| ☎️ Customer Support Languages | Multilingual |
| 👥 Copy Trading Support | Yes |
| ⏰ Customer Service Hours | 24/5 |
| 📞 Botswana-based customer support? | Yes |
| 💸 Bonuses and Promotions for Botswanans? | Yes |
| 📚 Education for Botswana beginner traders | Yes |
| 📱 Proprietary trading software | No |
| 🤝 Most Successful Trader in Botswana | Currently unknown |
| ✔️ Is NinjaTrader a safe broker for Botswana Traders? | Yes |
| 🎖 Rating for NinjaTrader Botswana | 6/10 |
| 🥇 Trust score for NinjaTrader Botswana | 85% |
| 👉 Open Account | 👉 Open Account |
NinjaTrader Regulation and Safety of Funds
NinjaTrader Regulation in Botswana
👉 The local market regulators in Botswana are as follows:
➡️ Ministry of Finance and Economic Development (MFED)
➡️ Bank of Botswana (BoB)
➡️ Non-Bank Financial Institutions Regulatory Authority (NBFIRA)
👉 While NinjaTrader is regulated globally, the broker does not yet have local regulations or licenses in Botswana. However, NinjaTrader is a popular and trustworthy broker that accommodates Botswanan traders.
NinjaTrader Global Regulations
👉 NinjaTrader is regulated by the National Futures Association (NFA) in the United States, where NinjaTrader operates under license number 0339976.
👉 The NFA gives NinjaTrader the authority to offer broker services to those wishing to trade futures and forex products and is a well-respected regulatory body.
NinjaTrader Client Fund Security and Safety Features
👉 All client money deposited to NinjaTrader is held in separate accounts that are utilized only for trading purposes.
NinjaTrader Awards and Recognition
👉 NinjaTrader has recently won some of the following awards:
➡️ NinjaTrader won the title of “Best Brokerage for Trading Futures” in 2020 because of its exceptional mix of affordable brokerage services, high-performance trading software, and real-time assistance, which lowers the entry barrier for retail investors to the futures markets.
➡️ NinjaTrader received the Trader Empowerment Award in honour of its contribution to the development of the futures trading community.
➡️ Technical Analysis of Stocks & Commodities (TASC) magazine readers named NinjaTrader one of the Best Trading Software for 2021.
NinjaTrader Account Types and Features
👉 According to the official NinjaTrader website, Botswanan traders have the choice of signing up for a Forex or a Futures Account with the following choices:
➡️ Individual Account
➡️ Joint Account
➡️ Corporate Account
➡️ LLC Account
➡️ Partnership Account
➡️ Retirement Account
➡️ Trust Account
| 💻 Live Account | 💳 Minimum Dep. | 📊 Average Spread | 💸 Commissions | 💰 Average Trading Cost |
| Forex | 660 BWP / 50 USD | 1.1 pips | From 0.09 USD | 11 USD |
NinjaTrader Live Trading Account Details
👉 The accounts of NinjaTrader include the following fundamental data:
➡️ The Forex account’s minimum balance is 660 BWP ($50).
➡️ The Futures account’s minimum balance is 5,300 BWP, or $400.
➡️ Access to a powerful trading platform.
➡️ EUR/USD spreads start at 1.1 pips.
👉 One of four license types is available to Botswanan traders when they register an account with NinjaTrader:
➡️ Free
➡️ Lease
➡️ Lifetime
➡️ Simulation Only
👉 Botswanans could anticipate the following features and possibilities, depending on the license type:
| 📱 Free | 💰 Lease | 💸 Lifetime | 💵 Simulation | |
| Advanced Charting | Yes | Yes | Yes | Yes |
| Market Analysis | Yes | Yes | Yes | Yes |
| Simulated Trading | Yes | Yes | Yes | Yes |
| Live Trading | Yes | Yes | Yes | No |
| Trader+ | No | Yes | Yes | Yes |
| Order Flow+ | No | No | Yes | None |
| Commissions on Futures | $0.35 | $0.25 | $0.09 | None |
| Pricing | Free | From $60 | $1099 once-off | Always Free |
NinjaTrader Base Account Currencies
👉 Traders can only set USD as the base currency of an account, which subjects deposits and withdrawals in other currencies to a conversion fee.
NinjaTrader Demo Account
👉 Beginner traders are well taken care of with a wealth of complimentary training materials and sample paper trading accounts so you can become comfortable with the platform.
👉 No minimum criteria exist, meaning you can choose your favourite account type based on your objectives and trading preferences.
👉 All of this is supported by a committed client support staff who can always help you as required. The trading community constantly chooses NinjaTrader as a leader in the sector for a reason.
👉 They enable traders from various backgrounds to access the futures markets by combining high-performance trading software, inexpensive brokerage, and real-time assistance in a novel way.
👉 The NinjaTrader platform’s fantastic feature of allowing users to conduct simulated trades, complete with fictitious accounts and profit/loss summaries, is worth highlighting.
👉 For inexperienced traders who have not had much practice making trades—and dealing with the inevitable blunders that occur, including expensive order entry problems—sim trading may be extremely beneficial.
👉 The Simulation Account from NinjaTrader is a unique sample account that offers the following features:
➡️ Advanced Charting
➡️ Market Analysis
➡️ Simulated Trading
➡️ Access to Trader+
➡️ Unlimited access to this account
NinjaTrader Islamic Account
👉 Due to the exclusive nature of its trading solutions and services, NinjaTrader does not provide an Islamic Account option.
How to open an Account with NinjaTrader in Botswana
➡️ To establish an account with a third-party broker, visit NinjaTrader’s website and choose the desired financial instrument. Dorman Trading and Phillip Capital are two renowned options for opening a futures trading account.
➡️ The trader’s name, date of birth, email address, and phone number will be requested per Know Your Customer requirements. In addition, traders might be subject to further questions about their financial stability.
➡️ After this, traders will also need to see documents proving their identification and place of residence, such as a passport, driver’s license, or recent utility bill or bank statement.
➡️ After signing up with NinjaTrader, traders can access the trading platform’s dashboard. To use this, go to the new section and choose Basic Entry from the drop-down option. Then, after deciding upon a banking institution and a preferred ATM withdrawal method, the sale may be finalized.
➡️ Traders can choose a currency pair (like EUR/USD) to deal with. In addition to the instructions in the trading window, traders have access to instructional videos that may assist them in making purchases and selling.
NinjaTrader Vs LiteFinance Vs Axi – Broker Comparison
| 🥇 NinjaTrader | 🥈 LiteFinance | 🥉 Axi | |
| ⚖️ Regulation | NFA | CySEC | ASIC, SVG FSA, FCA, FMA, DFSA |
| 📱 Trading Platform | • NinjaTrader Desktop • NinjaTrader Mobile • CQG Mobile | • MetaTrader 4 • MetaTrader 5 • LiteFinance Social Trading Platform • LiteFinance Trading App | MetaTrader 4 |
| 💰 Withdrawal Fee | Yes | No | Yes |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | 660 BWP | 660 BWP | 0 BWP |
| 📊 Leverage | 1:50 | 1:500 | 1:500 |
| 📊 Spread | 1.1 pips | 0.0 pips | 0.0 pips |
| 💰 Commissions | From $0.09 | $0.25 per share on Stock Indices | From $3.5 |
| ✴️ Margin Call/Stop-Out | None | 100%/20% | From 90%/50% |
| 💻 Order Execution | Instant, Market | Market | Market |
| 💳 No-Deposit Bonus | No | No | No |
| 📊 Cent Accounts | No | No | No |
| 📈 Account Types | • Forex Account • Futures Account | • ECN Account • Classic Account | • Standard Account • Pro Account • Elite Account |
| ⚖️ CBN Regulation | No | No | No |
| 💳 BWP Deposits | No | Yes | Yes |
| 📊 Botswana Pula Account | No | No | No |
| 👥 Customer Service Hours | 24/5 | 24/5 | 24/5 |
| 📊 Retail Investor Accounts | 2 | 2 | 3 |
| ☪️ Islamic Account | No | Yes | Yes |
| 📉 Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| 📈 Maximum Trade Size | 100 lots | 100 lots | 1,000 (US500) |
| 💰 Minimum Withdrawal Time | Within 24 hours | Instant | Instant |
| 📊 Maximum Estimated Withdrawal Time | Between 5 to 7 working days | Up to 5 working days | Between 1 to 3 Days |
| 💸 Instant Deposits and Instant Withdrawals? | No | Yes | Yes |
NinjaTrader Trading Platforms
👉 NinjaTrader offers Botswanan traders a choice between these trading platforms:
➡️ NinjaTrader Desktop
➡️ NinjaTrader Mobile
➡️ CQG Mobile
Desktop Platforms
➡️ NinjaTrader Desktop
👉 Futures, currencies, equities, and options are all available on the innovative trading platform. In addition, the platform provides innovative charting capabilities, allows for the backtesting of trading strategies, and allows for the simulation of trades.
👉 Over a hundred different indicators, many charting and analysis tools, and raw professional market data are just some features included in this suite of live trading tools.
Trading App
➡️ NinjaTrader Mobile
➡️ CQG Mobile
NinjaTrader Mobile
👉 Traders in Botswana may access their accounts from anywhere, thanks to the NinjaTrader mobile app, which is available for download on Android, iOS, and Windows mobile devices. NinjaTrader allows users to trade directly from their charts or run automated methods at any moment.
👉 NinjaTrader performs very well and provides several additional benefits, such as uninterrupted service, fast problem resolution, improved fill efficiency, reduced slippage, and more.
CQG Mobile
👉 Customers of NinjaTrader get access to the CQG mobile app for iOS and Android. Access real-time quotations, charts, and analytical data in a user-friendly platform that does not need NinjaTrader.
👉 Charts may be customized in terms of their visual style, the sorts of orders they support, and the indicators they allow traders to use.
NinjaTrader Range of Markets
👉 Botswanan traders can expect the following range of markets from NinjaTrader:
➡️ Futures
➡️ Options
➡️ Options on Futures
➡️ Forex
Broker Comparison for a Range of Markets
| NinjaTrader | LiteFinance | Axi | |
| ➡️️ Forex | Yes | Yes | Yes |
| ➡️️ Precious Metals | No | Yes | Yes |
| ➡️️ ETFs | No | No | No |
| ➡️️ CFDs | No | Yes | Yes |
| ➡️️ Indices | No | Yes | Yes |
| ➡️️ Stocks | No | Yes | Yes |
| ➡️️ Cryptocurrency | No | Yes | Yes |
| ➡️️ Options | No | No | No |
| ➡️️ Energies | No | Yes | Yes |
| ➡️️ Bonds | No | No | No |
NinjaTrader Trading and Non-Trading Fees
Spreads
👉 Traders in Botswana may expect variable spreads on the NinjaTrader platform, depending on the license level they have purchased. In general, the following menu items are common in Botswana:
➡️ EUR/USD – from 1.1 pips with typical spreads from 1.4 pips.
➡️ USD/JPY – from 1.1 pips with typical spreads from 1.6 pips.
➡️ GBP/USD – from 1.4 pips with typical spreads from 2.3 pips.
➡️ AUD/NZD – from 2.7 pips with typical spreads from 4.1 pips.
➡️ AUD/USD – from 1.2 pips with typical spreads from 1.7 pips.
Commissions
👉 Commission charges for Botswanan traders will vary depending on the license they choose:
➡️ Free – from $0.35
➡️ Lease – from $0.25
➡️ Lifetime – from $0.09
Deposit and Withdrawal Fees
👉 Deposit costs for NinjaTrader are as follows:
➡️ Bounced cheques – $30
👉 The Withdrawal Fees that Botswanans can anticipate are as follows:
➡️ ACH – 2 Free withdrawals per month, with a $15 fee per additional withdrawal
➡️ Cheques – $7
➡️ Domestic Wire Transfer – $30
➡️ International Wire Transfer – 50 currency units of the originating currency
Inactivity Fees
👉 NinjaTrader does not charge any inactivity fees.
Currency Conversion Fees
👉 Currency conversion fees will apply automatically when traders deposit or withdraw in currencies other than USD.
NinjaTrader Deposits and Withdrawals
👉 NinjaTrader offers the following deposit and withdrawal methods:
➡️ Continuum Order Routing Fees per Contract: $0.15.
➡️ Using Rithmic’s order routing service will cost you $0.25 per contract.
➡️ Static SuperDOM at $0.10/contract.
➡️ Each futures contract costs just $0.25 using CQG Desktop.
➡️ Non-professionals may subscribe to CME Market Data (CME, CBOT, NYMEX, and COMEX) for $12 per month or $4 per exchange on Level 1. Traders paying for Level 2, full depth, pay $39 for the bundle or $15 per month for each exchange.
➡️ Professional traders pay $117 per exchange for access to CME Market Data (CME, CBOT, NYMEX, and COMEX).
➡️ An annual cost of $119 per exchange is charged for access to ICE Market Data (ICE US, ICE EU Financials).
➡️ Non-professional traders pay $23 for Eurex for NinjaTrader Continuum, while professional traders pay $72.
➡️ For existing live accounts that access the trading account but do not execute any transactions throughout the month, there is a $25 fine for failing to meet the “minimum account activity” requirement.
➡️ Foreign exchange costs equalling 1% of the amount exchanged, with a $10 minimum
➡️ If the amount of the bank wire is more than the bank wire charge, the account will be closed, and a cost of $50 will be assessed.
➡️ For each infraction, there is a $25 margin call, a $25 delivery liquidation, and a $50 margin and delivery liquidation.
Broker Comparison: Deposit and Withdrawals
| 🥇 NinjaTrader | 🥈 LiteFinance | 🥉 Axi | |
| Minimum Withdrawal Time | Within 24 hours | Instant | Instant |
| Maximum Estimated Withdrawal Time | Between 5 to 7 working days | Up to 5 working days | Between 1 to 3 Days |
| Instant Deposits and Instant Withdrawals? | No | Yes | Yes |
Payment Methods, Accepted Currencies, Minimum Withdrawal
| 💳 Payment Method | 💵 Accepted Currencies | 💳 Min Withdrawal |
| ACH | USD | $250 |
| Cheques | USD | $250 |
| Domestic Wire Transfer | USD | $250 |
| International Wire Transfer | USD, GBP, EUR, CHF, AUD | $250 |
How to Deposit Funds with NinjaTrader
👉 To deposit funds to an account with NinjaTrader, Botswanan traders can follow these steps:
➡️ Log onto the client portal.
➡️ Botswanans must choose the appropriate deposit method and enter the required minimum deposit amount to deposit.
➡️ Traders can complete the payment provider’s other verification processes to ensure the authenticity of the deposit.
NinjaTrader Fund Withdrawal Process
👉 To withdraw funds from an account with NinjaTrader, Botswanan traders can follow these steps:
➡️ Botswanans can use NinjaTrader’s withdrawal request form by logging into the client portal.
➡️ Select from NinjaTrader Clearing, Dorman Trading, or Philip Capital.
➡️ Fill out and submit the withdrawal form.
NinjaTrader Education and Research
Education
👉 NinjaTrader offers the following Educational Materials:
➡️ Educational Videos
➡️ Webinars
➡️ Documentation
➡️ Promotional Material through Vendors/Brokers connected to NinjaTrader
Research and Trading Tool Comparison
| 🥇 NinjaTrader | 🥈 LiteFinance | 🥉 Axi | |
| ➡️ Economic Calendar | Yes | Yes | Yes |
| ➡️ VPS | Yes | No | Yes |
| ➡️ AutoChartist | No | No | Yes |
| ➡️ Trading View | Yes | No | No |
| ➡️ Trading Central | No | No | No |
| ➡️ Market Analysis | Yes | Yes | No |
| ➡️ News Feed | Yes | Yes | Yes |
| ➡️ Blog | Yes | Yes | Yes |
👉 NinjaTrader also offers Botswanan traders the following additional Research and Trading Tools:
➡️ Advanced Charting
➡️ Market Depth Tools
➡️ Customizable indicators
NinjaTrader Bonuses and Promotions
👉 NinjaTrader does not currently offer any bonuses or promotions to Botswanan traders.
How to open an Affiliate Account with NinjaTrader
👉 To register an Affiliate Account, Botswanan traders can follow these steps:
➡️ Botswanans may become partners by visiting the official NinjaTrader website and selecting the option to become an affiliate.
➡️ Prospective partners could register for the website, log in, and fill out the application form to become an affiliate if they have not already.
➡️ Once accepted, new affiliates can explore the promotional materials and assistance offered by NinjaTrader, enabling them to begin earning when customers are recommended to NinjaTrader.
NinjaTrader Affiliate Program Features
👉 Due to NinjaTrader’s huge affiliate network, Botswanan traders may now develop a profitable trading business using the platform’s powerful features.
👉 To choose between an introducing broker program and a standard associate’s program, interested parties should investigate the pros and downsides of both business models. Affiliates provide the following benefits to traders:
➡️ Revenue-Sharing or CPA up to $1,200.
➡️ No associated costs.
➡️ 29-month qualified account for referred Trader’s Deposit (FTD).
➡️ Code activation time between 2 to 3 days.
➡️ An Affiliate Cookie Tracking that is active for up to 60 days.
➡️ Bi-weekly commission pay-outs.
NinjaTrader Customer Support
👉 The broker gives you access to a customer service staff that is courteous and quick to respond. The technical support staff is accessible 24 hours a day, seven days a week. In addition, you could easily reach the support staff by phone, email, and other social media platforms.
👉 This broker’s community is one of its defining characteristics. In the NinjaTrader user forum, you may converse with the support staff and other traders. This is a terrific area to meet others with similar interests and exchange ideas, methods, tips, and resources.
👉 The forum is organized into five sections: News and Announcements, NinjaTrader 8 (the latest version), NinjaTrader 7 (the previous version), NinjaScript File Sharing, and Suggestions and Feedback.
| Customer Support | NinjaTrader’s Customer Support |
| ⏰ Operating Hours | 24/5 Customer Service, 24/7 Technical Support |
| 🗣 Support Languages | Multilingual |
| 🗯 Live Chat | Yes |
| 📧 Email Address | Yes |
| ☎️ Telephonic Support | Yes |
| 📞 Local Support in Botswana? | No |
| 🥇 Overall quality of NinjaTrader Support | 4/5 |
NinjaTrader Corporate Social Responsibility
👉 There is currently no information on NinjaTrader’s Corporate Social Responsibility initiatives or projects.
Our Verdict on NinjaTrader
👉 NinjaTrader is renowned for its unique blend of a high-performance trading platform, discounted pricing, and real-time customer service. In addition, NinjaTrader provides charts with good functionality and customization.
👉 Both the platform and brokerage cater to active futures and FX traders who want a robust technical analysis platform. In addition, the teaching resources provided by NinjaTrader are organized and maintained by an active user community.
👉 The NinjaTrader withdrawal fees are a potential weak point. However, it offers traders a free sample account and excellent customer support. NinjaTrader is designed for aggressive traders, not long-term investors.
👉 Consequently, it does not provide portfolio analysis tools or reports that would assist buy-and-hold investors in making choices on asset allocation or holdings.
NinjaTrader Pros and Cons
| ✔️ Pros | ❌ Cons |
| NinjaTrader offers discounts on commissions as well as lower margins on futures | There are only a few payment methods for deposits and withdrawals |
| Botswanans can customize their platform with signals, strategies, and indicators | The overall fee structure is expensive |
| There is unlimited support and daily training offered | There is no Islamic account offered to Muslim traders |
| Traders can expect access to professional market data and unlimited simulated trading | There is no BWP-denominated account, and this subjects traders to currency conversion fees |
| There is a comprehensive and helpful community forum where traders can connect with others | |
| There are over 100 indicators offered on the platform | |
| NinjaTrader offers thousands of third-party apps that can be integrated into the platform | |
| There is award-winning charting and analysis offered to all traders |
FAQ
Is NinjaTrader regulated?
NinjaTrader is well-regulated by the NFA in the United States.
How much money do I need to use NinjaTrader?
NinjaTrader offers free charting, analysis, and simulated trading so long as you open a funded account with their brokerage.
A minimum balance of $400 is required for a futures account and $50 for an FX account. For third-party trading on NinjaTrader, licensing or purchasing the program is required.
Does NinjaTrader have Volatility 75?
NinjaTrader offers Volatility 75.
Can I use NinjaTrader for free?
A brokerage account with a supporting broker will typically offer a free version of the award-winning NinjaTrader platform. In addition, NinjaTrader offers different license levels with dedicated pricing and features.
Does NinjaTrader have Nasdaq?
The E-mini-Nasdaq-100 futures (NQ) contract offered by CME Group allows futures traders to participate in the Nasdaq-100 market index.
Specifically, the NQ exposes traders to the 100 largest non-financial US large-cap businesses listed on the Nasdaq stock market.
Is NinjaTrader safe or a scam?
NinjaTrader is a safe and trusted broker regulated by the NFA.
How long do withdrawals with NinjaTrader take?
ACH withdrawal requests filed before 11 am Central Time will be handled on the same day. Any requests received after 11 am Central Time will be handled the next working day.
Botswanans must be advised that there is a ten-day wait before ACH deposits could be withdrawn.
Conclusion
👉 Now it is your turn to participate:
➡️ Do you have any prior experience with NinjaTrader?
➡️ What was the determining factor in your decision to engage with NinjaTrader?
➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or other factors?
➡️ Have you experienced any issues with NinjaTrader, such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?
👉 Regardless, please share your thoughts in the comments below.
Addendum/Disclosure:
👉 No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.
