NinjaTrader vs TradeStation 2023
|By: Jeremy Biberdorf|
When trading in the financial markets, having the right tools and platform as a professional trader can make all the difference. And that’s a trading tool that can help you make informed decisions, execute trades quickly and securely, and manage your investments effectively.
NinjaTrader and TradeStation are two platforms that have been gaining popularity in recent years.
NinjaTrader is a platform with brokerage services and software resources designed for active futures traders. It provides users with access to helpful charts and live trading capabilities.
TradeStation, established in 1982 in the United States, is a stockbroker regulated by the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC).
This NinjaTrader vs TradeStation review will walk you through their features, pricing, and overall performance.
|NinjaTrader is Better For:||TradeStation is Better For:|
|Live trading||Portfolio analysis tools|
|Automated trading||The experienced trader|
When deciding between NinjaTrader and TradeStation, carefully evaluating each platform’s unique features is crucial. Both platforms offer online broker services, but each has distinct characteristics that traders should consider.
It’s essential to take the time to thoroughly assess the platform and determine which one aligns best with your investment goals.
|Service Type||Commission-free stocks, futures, options, forex||Stocks, bonds, and mutual funds|
|Fees||$400 for futures trading and $60 for forex||$50 annual fee (N/A if account minimums are met)|
|Best Use||Software resources for active traders.||Buy-and-hold trading|
|Modest Money Overall Rating|
Factor 1: Features
NinjaTrader Offers CFD Asset Classes
- NinjaTrader is a versatile platform
- TradeStation trades options, stocks, and cryptocurrency.
- NinjaTrader conjure with other platforms
NinjaTrader is a versatile platform that offers a wide range of trading options, including futures trading, custom indicators, excellent charting, options, forex, and CFD asset classes. Users can also access stocks with other platforms, such as TD Ameritrade.
The platform provides two types of services, an online brokerage service and an analysis platform with charts and tools. The online brokerage service works with supporting brokers such as TD Ameritrade, and NinjaTrader connects users directly to the broker.
On the other hand, the market analysis platform offers many integrated tools that enable users to perform technical analysis and make informed trading decisions.
TradeStation is an online broker offering a range of unique features designed to cater to different traders. The platform provides commission-free stock, ETF, and options trades. It’s an excellent choice for active and advanced futures, stock, and options traders.
With a unique trading strategy, TradeStation high-standard trading platforms and extensive research resources enable traders to make informed decisions.
The platform’s affordable trading fees and high-quality research tools make it an ideal choice for traders who value education and research. It also provides an active trader community, an added advantage for traders who require support and guidance.
Factor 2: Paid features
TradeStation Offers a Wealth of Resources
- TradeStation provides advanced stock trading technology.
- NinjaTrader employs advanced trading tools.
- TradeStation provides over 2,000 different options.
NinjaTrader offers a range of paid features that traders must consider when using the platform. The platform focuses on market analysis tools and charts, enabling traders to perform technical analysis and make informed trading decisions.
Ninjatrader’s advanced trading tools include backtesting and automated trading, which can enhance traders’ overall experience. NinjaTrader’s paid features cater to the needs of traders who require a comprehensive trading solution.
TradeStation offers a range of paid features that enable traders to enhance their trading experience. The platform provides advanced stock trading technology and vast intelligence and data in the form of free real-time market data packages and historical stock market data.
For traders interested in investing in ETFs, TradeStation offers over 2,000 different options, making it easy to find the right investment opportunity. The platform’s Options trading dashboard provides access to position graphs and Options Chains, enabling traders to make informed trading decisions. TradeStation also provides a wealth of resources for experienced and beginner options traders.
Read our TradeStation vs Robinhood review to understand how TradeStation compares with other services.
Factor 3: Cost
NinjaTrader is very Affordable
- NinjaTrader charges a low fee
- TradeStation Level II data is $11 per month
- NinjaTrader users can also pay per trade
NinjaTrader’s fee structure is considered low compared to similar platforms, with margins and fees ranging from $0.10 to $0.50 per contract. While the platform charges trading fees and commissions for each trade, it provides traders with advanced trading tools.
TradeStation’s platform is free for many devices, with the option to enhance the trading experience through paid add-ons. The platform’s fee structure ranges from $0.60 to $1.50 per trade for per-contract fees, while cryptocurrency trades are charged by percentage rather than a flat fee per trade. Level II data is available for a fee of $11 per month.
NinjaTrader vs TradeStation: Our Summary
NinjaTrader and TradeStation are both online brokers that provide comprehensive trading platforms designed to cater to the needs of different types of traders.
NinjaTrader offers a low fee structure and advanced trading tools, making it a cost-effective solution for traders. Its analysis platform provides charts and tools for informed trading decisions, and it offers futures trading, options, forex, and CFD asset classes.
TradeStation offers commission-free stock, ETF, option trades, high-standard trading platforms, and extensive research resources. Its unique features cater to different types of traders, including active and advanced traders, futures, stock and options traders, and cryptocurrency traders.
Click here to get started with TradeStation.
TradeStation Comparison Posts
- TradeStation vs Interactive Brokers
- TradeStation vs Robinhood
- TradeStation vs Thinkorswim
- MetaStock vs TradeStation
- NinjaTrader vs TradeStation
- Tradovate vs TradeStation
- What is TradeStation?
- Best Day Trading Platform for Beginners
- Best Stock Charting Software