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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 CMA of Kenya

Updated : August 31, 2022

Jump to:

Regulation and Safety of Funds

Account Types and Features

Account Registration

Range of Markets

Fees

Deposits and Withdrawals

Education and Research

Affiliate Program

Final Verdict

Pros and Cons

FAQ

Overall Rating

Min Deposit

USD 400 / 46600 KES

Regulators

NFA, CFTC

Trading Desk

Crypto

Yes

Total Pairs

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

on NinjaTrader’s website

NinjaTrader 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 it being an Individual Account, Joint Account, Corporate Account, LLC Account, Partnership Account, Retirement Account, or Trust Account.

 

👉 NinjaTrader is a futures brokerage business based in Chicago that provides access to the world’s top financial markets — futures, currencies, equities, and options — via the use of a proprietary trading platform. NinjaTrader is a reputable online broker that equips customers with the tools necessary to trade a variety of financial products.

 

👉 Among these tools is a sophisticated trading platform that is accessible on the PC, online, and mobile. To aid traders, there are instructional materials, effective trading tools, and customer support services.

 

👉 This NinjaTrader review will provide traders with the details that they need to consider whether the broker is suited to their unique trading objectives and needs.

 

Distribution of Traders

Distribution of Traders

👉 The distribution of traders with NinjaTrader is as follows:

➡️ United States – 50.5%

➡️ Mexico – 3.4%

➡️ Germany– 3.5%

➡️ India – 2.8%

➡️ Spain – 2.6%

 

Popularity among traders who choose NinjaTrader

🥇 NinjaTrader does not have a significant market share in Kenya, but the broker and platform is a trusted entity that accepts Kenyan traders, thus placing it within the Top 100 brokers for Kenyans.

NinjaTrader At a Glance

🏛 HeadquarteredUnited States
⚖️ Local Market Regulator in KenyaCapital Markets Authority (CMA)
💰 Foreign Direct Investment in Kenya1.3% of the overall GDP
💸 Foreign Exchange Reserves in Kenya8.2 billion USD
🏛 Local office in Nairobi?No
⚖️ Governor of SEC in KenyaNone
✔️ Accepts Kenyan Traders?Yes
🗓 Year Founded2003
📞 Kenyan Office Contact NumberNone
📱 Social Media Platforms• Twitter
• Facebook
• YouTube
• LinkedIn
• Instagram
⚖️ RegulationNational Futures Association (NFA)
1️⃣ Tier-1 Licenses• National Futures Association (NFA)
2️⃣ Tier-2 LicensesNone
3️⃣ Tier-3 LicensesNone
🪪 License Number• United States – NFA ID 0339976
⚖️ CMA RegulationNo
❌ Regional RestrictionsNone indicated
☪️ Islamic AccountNo
💻 Demo AccountYes
🛍 Retail Investor Accounts2
✔️ PAMM AccountsNo
💧 Liquidity ProvidersUnknown
💰 Affiliate ProgramYes
💻 Order ExecutionMarket and Instant
📊 Starting spread1.1 pips EUR/USD
💰 Minimum Commission per TradeFrom $0.09 on the Lifetime Package
💸 Decimal PricingUp to 5 digits after comma
📞 Margin CallNone
🛑 Stop-OutNone
💰 Minimum Trade Size0.01 lots
💵 Maximum Trade Size100 lots
✔️ Crypto trading offered?No
✔️ Offers a KES Account?No
👥 Dedicated Kenyan Account Manager?No
📈 Maximum Leverage1:50
📋 Leverage Restrictions for Kenya?No
💰 Minimum Deposit (KES)5,700 KES or an equivalent to $50
✔️ Kenyan shilling Deposits Allowed?No
👥 Active Kenyan Trader Stats70,000+
🤝 Active Kenyan-based NinjaTrader customersUnknown
💰 Kenya Daily Forex Turnover$100 million+
💵 Deposit and Withdrawal Options• ACH
• Cheques
• Domestic Wire Transfer
• International Wire Transfer
⏰ Minimum Withdrawal TimeWithin 24 hours
🕙 Maximum Estimated Withdrawal TimeBetween 5 to 7 working days
✔️ Instant Deposits and Instant Withdrawals?No
🏧 Segregated Accounts with Kenyan Banks?No
💻 Trading Platforms• NinjaTrader Desktop
• NinjaTrader Mobile
• CQG Mobile
💵 Tradable Assets• Futures
• Options
• Options on Futures
• Forex
✔️ Offers USD/KES currency pair?No
📊 USD/KES Average SpreadN/A
✔️ Offers Kenyan Stocks and CFDsYes
🗣 Languages supported on the WebsiteEnglish
📞 Customer Support LanguagesMultilingual
✔️ Copy Trading SupportYes
⏰ Customer Service Hours24/5
🧑‍💻 Kenyan-based customer support?No
💰 Bonuses and Promotions for KenyansNo
📚 Education for Kenyan beginnersYes
✔️ Proprietary trading softwareYes
🥇 Most Successful Kenyan TraderPatrick Mahinge (Net Worth – Private)
✔️ Is NinjaTrader a safe broker for Kenyans?Yes
🥇 Rating for NinjaTrader Kenya6/10
🎖 Trust score for NinjaTrader Kenya85%
👉 Open Account👉 Open Account

Regulation and Safety of Funds

Regulation and Safety of Funds

👉 While NinjaTrader is not regulated by the Capital Markets Authority (CMA) in Kenya, the broker is well-regulated by the National Futures Association (NFA) in the United States, where it operates under license number 0339976, which grants it the authority to provide broker services to those wishing to trade futures and forex products.

 

👉 All client money is held in separate accounts that are utilized only for trading purposes.

Account Types and Features

👉 Kenyan traders, according to the official NinjaTrader website, have the option of registering for a Forex or a Futures Account, with the following options:

➡️ Individual Account

➡️ Joint Account

➡️ Corporate Account

➡️ LLC Account

➡️ Partnership Account

➡️ Retirement Account

➡️ Trust Account

 

Live Trading Accounts

👉 The following basic information is available on NinjaTrader’s accounts:

➡️ The Account Minimum on the Forex account is 5,700 KES or $50

➡️ The Account Minimum on the Futures account is 46,000 KES or $400.

➡️ Access to a powerful trading platform.

➡️ Spreads from 1.1 pips EUR/USD

 

👉 When Kenyan traders open an account with NinjaTrader, they are offered the option of one of four licensing types:

➡️ Free

➡️ Lease

➡️ Lifetime

➡️ Simulation Only

 

👉 Depending on the licensing type, Kenyans can expect these features and options:

✔️ Free✔️ Lease✔️ Lifetime✔️ Simulation
📊 Advanced ChartingYesYesYesYes
💻 Market AnalysisYesYesYesYes
💰 Simulated TradingYesYesYesYes
💵 Live TradingYesYesYesNo
💸 Trader+NoYesYesYes
⏳ Order Flow+NoNoYesNo
💰 Commissions on Futures$0.35$0.25$0.09None
💸 PricingFreeFrom $60$1099 once-offAlways Free

 

Demo Account

👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital. 

 

👉 There is a certain degree of risk involved when trading financial markets and NinjaTrader offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.

 

👉 NinjaTrader’s Simulation Account is a one-of-a-kind demo account that includes the following features:

➡️ Advanced Charting

➡️ Market Analysis

➡️ Simulated Trading

➡️ Access to Trader+

➡️ Unlimited access to this account

 

Islamic Account

👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.

 

👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.

 

👉 NinjaTrader does not offer the option for an Islamic Account due to the unique nature of its trading solutions and services.

Account Registration

Account Registration

👉 Navigate to NinjaTrader’s website and choose the financial instrument that you want to trade to open an account with a third-party broker. Futures trading accounts may be opened with Dorman Trading or Phillip Capital, two reputable firms.

 

👉 As required by KYC rules and regulations, the trader’s name, birth date, email, and phone number will be asked. Additional inquiries will be asked of traders according to their financial situation.

 

👉 Proof of identity and residency, such as a passport, driver’s license, and utility and bank statement copies, will be required from merchants after this step, as well.

 

👉 Traders may then access the control panel by logging into their newly created NinjaTrader account. Under New, click the drop-down menu and choose Basic Entry. Once the account and ATM technique have been selected, the transaction may be completed.

 

👉 Traders have the option of selecting a currency pair (such as EUR/USD). Aside from the trading window commands, traders may also reference training films for help in making purchases or sales.

NinjaTrader Vs Axi Vs eToro – Broker Comparison

🥇 NinjaTrader🥈 Axi🥉 eToro
⚖️ RegulationNFAASIC, SVG, FCA, FMA, DFSACySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, SIPC
📱 Trading Platform• NinjaTrader Desktop
• NinjaTrader Mobile
• CQG Mobile
• MetaTrader 4eToro proprietary platform
💸 Withdrawal FeeYesYesYes
💻 Demo AccountYesYesYes
💵 Min Deposit5,700 KES0 KES23,000 KES
📊 Leverage1:501:500• 1:30 (Retail)
• 1:400 (Pro)
📊 Spread1.1 pips0.0 pipsFrom 1 pip
💰 CommissionsFrom $0.09From $3.5None
🛑 Margin Call/Stop-OutNoneFrom 90%/50%None indicated
💵 Order ExecutionInstant, MarketMarketInstant, Market
💰 No-Deposit BonusNoNoNo
💵 Cent AccountsNoNoNo
💻 Account Types• Forex Account
• Futures Account
• Standard Account
• Pro Account
• Elite Account
• Retail Account
• Professional Account
⚖️ CMA RegulationNoNoNo
💸 KES DepositsNoYesNo
💰 Kenyan shilling AccountNoNoNo
📞 Customer Service Hours24/524/524/6
🛍 Retail Investor Accounts231 Standard Account, 2 Options
☪️ Islamic AccountNoYesYes
💵 Minimum Trade Size0.01 lots0.01 lots0.01 lots
📈 Maximum Trade Size100 lots1,000 (US500)Depends on the instrument and account balance
⏰ Minimum Withdrawal TimeWithin 24 hoursInstantInstant
💻 Maximum Estimated Withdrawal TimeBetween 5 to 7 working daysBetween 1 to 3 DaysUp to 10 Working Days
💵 Instant Deposits and Instant Withdrawals?NoYesYes

Trading Platforms

👉 NinjaTrader offers Kenyan traders a choice between these trading platforms:

➡️ NinjaTrader Desktop

➡️ NinjaTrader Mobile

➡️ CQG Mobile

 

Desktop Platforms

Desktop Platforms

➡️ NinjaTrader Desktop

👉 The unique trading platform provides access to futures, currencies, stocks, and options. Advanced charting, strategy backtesting, and trade simulation are all available on the platform.

 

👉 It includes all the essential tools for live trading, such as over 100 indicators, award-winning charting and analysis, and unfiltered professional market data.

 

Trading App

Trading App

➡️ NinjaTrader Mobile

➡️ CQG Mobile

 

NinjaTrader Mobile

👉 The NinjaTrader mobile app is available for Android, iOS, and Windows mobile devices, allowing Kenyan traders to trade from anywhere in the globe with ease. Users may trade from their charts or execute automated strategies at any time using the NinjaTrader app.

 

👉 In addition to its great performance, NinjaTrader delivers 100% uptime, rapid issue handling, optimization of fills, a decrease in slippage, and more.

 

CQG Mobile

👉 The CQG mobile app for iOS and Android is accessible to NinjaTrader customers. An easy-to-use program that does not require NinjaTrader provides real-time quotes, charts, and analytical data.

 

👉 The appearance and feel of charts, order types, and the number of indicators that may be employed are all readily customizable by traders.

 

Range of Markets

👉 Kenyan traders can expect the following range of markets from NinjaTrader:

➡️ Futures

➡️ Options

➡️ Options on Futures

➡️ Forex

Broker Comparison for Range of Markets 

🥇 NinjaTrader🥈 Axi🥉 eToro
➡️ ForexYesYesYes
➡️ Precious MetalsNoYesYes
➡️ ETFsNoNoYes
➡️ CFDsNoYesYes
➡️ IndicesNoYesYes
➡️ StocksNoYesYes
➡️ CryptocurrencyNoNoYes
➡️ OptionsNoNoNo
➡️ EnergiesNoYesYes
➡️ BondsNoNoNo

Trading and Non-Trading Fees

Spreads

👉 Based on their NinjaTrader platform licensing level, Kenyan traders can anticipate different spreads. Overall, Kenyans can anticipate some of the following typical spreads:

➡️ 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 Kenyan 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 Kenyans 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

 

Other Fees

👉 NinjaTrader charges additional fees, such as:

➡️ Order Routing Fees on Continuum – $0.15 per contract

➡️ Order Routing Fees on Rithmic – $0.25 per contract

➡️ SuperDOM – Static – $0.10 per contract

➡️ CQG Desktop – $0.25 per futures contract

➡️ CME Market Data (CME, CBOT, NYMEX & COMEX) – Non- Professional users pay $12 per month for a bundle that consists of all four exchanges, or $4 per month per exchange on Level 1. On Level 2, which is full-depth, traders pay $39 for the all-inclusive bundle or $15 per month per exchange.

➡️ CME Market Data (CME, CBOT, NYMEX & COMEX) – Professional traders pay $117 per exchange

➡️ ICE Market Data (ICE US, ICE EU Financials) – All users are subject to a fee of $119 per exchange.

➡️ Eurex for NinjaTrader Continuum – Non-Professional Traders pay $23 and Professional traders pay $72.

➡️ Minimum Account Activity – $25 fee if existing live accounts log into the trading account but fail to execute any trades during the month.

➡️ Currency Conversion fees of 1% of the funds converted at a minimum of $10

➡️ An outgoing Account Transfer fee of $50

➡️ Account closure fees are applied if the bank wire amount exceeds the bank wire fee.

➡️ Margin call of $50

➡️ Margin and Delivery Liquidations of $25 for the first violation and $50 for the second violation.

Overall Rating

Min Deposit

USD 400 / 46600 KES

Regulators

NFA, CFTC

Trading Desk

Crypto

Yes

Total Pairs

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

on NinjaTrader’s website

Deposits and Withdrawals

👉 NinjaTrader offers the following deposit and withdrawal methods:

➡️ ACH

➡️ Cheques

➡️ Domestic Wire Transfer

➡️ International Wire Transfer

 

Payment Methods, Accepted Currencies, Minimum Withdrawal

💰 Payment Method✔️ Accepted Currencies💸 Min Withdrawal
ACHUSD$250
ChequesUSD$250
Domestic Wire TransferUSD$250
International Wire TransferUSD, GBP, EUR, CHF, AUD$250

How to Deposit Funds with NinjaTrader

👉 To deposit funds to an account with NinjaTrader, Kenyan traders can follow these steps:

➡️ Log into the client portal

➡️ Select the deposit option and enter the minimum deposit amount

➡️ Verify the deposit by following any additional steps required by the payment provider

NinjaTrader Fund Withdrawal Process

👉 To withdraw funds from an account with NinjaTrader, Kenyan traders can follow these steps:

➡️ Kenyans can log into the client portal and complete the withdrawal request form on the NinjaTrader website.

➡️ Choose between NinjaTrader Clearing, Dorman Trading, and Philip Capital

➡️ Complete and submit the withdrawal request

Education and Research

Education and Research

👉 NinjaTrader offers the following Educational Materials:

➡️ Educational Videos

➡️ Webinars

➡️ Documentation

➡️ Promotional Material through Vendors/Brokers connected to NinjaTrader

 

👉 NinjaTrader offers Kenyan traders the following Research and Trading Tools:

➡️ Advanced Charting

➡️ Market Depth Tools

➡️ Customizable indicators

Bonuses and Promotions

👉 NinjaTrader does not currently offer any bonuses or promotions to Kenyan traders.

Overall Rating

Min Deposit

USD 400 / 46600 KES

Regulators

NFA, CFTC

Trading Desk

Crypto

Yes

Total Pairs

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

on NinjaTrader’s website

How to open an Affiliate Account with NinjaTrader

👉 To become a partner, Kenyans can navigate to the official NinjaTrader website and select the option to become an affiliate. Prospective partners can complete the registration form for the website if they have not already, sign in, and complete the application form to become an affiliate.

 

👉 Once approved, new affiliates can explore what NinjaTrader offers in terms of promotional materials and support, allowing them to start earning when clients are referred to NinjaTrader.

 

NinjaTrader Affiliate Program Features

👉 Because of NinjaTrader’s extensive affiliate network, Kenyan traders now can establish a successful trading company using the platform’s robust features.

 

👉 To pick between the introducing broker and a traditional associate’s program, interested parties should research the benefits and cons of both business models. For traders, the following advantages are available as affiliates:

➡️ 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 Corporate Social Responsibility

👉 There is currently no information available on NinjaTrader’s Corporate Social Responsibility initiatives or projects.

Verdict on NinjaTrader

👉 NinjaTrader is a Chicago-based futures brokerage that specializes in a wide range of financial instruments. Traders can use a sophisticated trading platform to purchase and sell futures contracts of different financial assets.

 

👉 As an NFA-registered business NinjaTrader also introduces traders like Phillip Capital and Dorman Trading. This implies that your assets and cash are handled by a broker like Phillip Capital while NinjaTrader takes care of everything else, including fees and customer support.

 

👉 NinjaTrader is a very good option if you are seeking robust trading software and market data. However, it may take a few weeks for newcomers to become used to the software. There is a vibrant trade community, a wealth of information, and a great deal of flexibility with NinjaTrader.

 

👉 Such resources and tools can help to improve your trading results and increase your intraday earnings. The low margins and commissions offered by NinjaTrader Brokerage might also help you save money.

NinjaTrader Pros and Cons

✔️ Pros❌ Cons
NinjaTrader is well-regulated and has a high trust score, with Tier-1 regulatory statusThe trading and non-trading fees are very high
Educational resources are offeredThere are deposit and withdrawal fees charged
There is a powerful proprietary trading platform offeredThere is no KES-denominated account and KES is not an accepted deposit currency
There is a choice between account options, trading options, and licensing
NinjaTrader accepts Kenyan traders and offers a range of funding options
There are over 1,000 apps that Kenyans can use to customize their trading platform
There is unlimited access to practice trading
There are some of the best charting and analysis tools offered to traders

FAQ

How much money do I need for NinjaTrader?

You will need a minimum of 5,700 KES ($50) to start trading with NinjaTrader’s Forex Trading Services. To start with Futures trading, you need at least 46,000 KES or an equivalent of $400.

 

Is NinjaTrader better than TradingView and thinkorswim?

All three trading platforms have unique merits, but NinjaTrader offers the best overall package as a full-service platform. NinjaTrader offers account types, advanced charting, market analysis, practice trading, and several other features.

 

Can I trade stocks with NinjaTrader?

NinjaTrader offers futures and FX brokerage services, while stocks and ETFs may be traded via other brokers utilizing NinjaTrader’s charting and market data tools.

 

Does NinjaTrader charge commissions on trades?

Yes, NinjaTrader charges commissions according to your license type as follows:

  • Free – from $0.35
  • Lease – from $0.25
  • Lifetime – from $0.09

 

What is the overall rating for NinjaTrader?

We give NinjaTrader an overall rating of 6/10. This rating is based on the overall solutions that NinjaTrader offers. While it is a comprehensive platform with a range of trading options, competitive pricing, education, and research materials, it is not a full-service brokerage firm.

 

The spreads are not like tights, there are many additional fees charged, and there is no support for KES accounts or deposits/withdrawals, which means that NinjaTrader is a very expensive option for Kenyan traders.

 

How do I deposit money into NinjaTrader?

To make a deposit, you must first log in to your trading account and locate the appropriate deposit screen. The next step is to choose a deposit method supported by the broker, input the deposit amount, and complete the transaction.

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.

9.6/10 - (16 votes)