Ninja Trader is a trading platform offering services to its users for free and on a paid basis. It offers a free plan for basic purposes along with a paid monthly and a lifetime subscription for discounted commission rates for trades.
Ninja Trader is an online trading platform which offers various types of tools and option trading features to its users. Ninja Traders’ revenue source is charging a commission to its users according to the plan subscribed by them. The users with paid subscriptions or offered discounted per-trade commissions.
Although Ninja Trader offers its services for free, it has a paid subscription for most of the services. The following subscriptions are offered by Ninja Trader for its users:
Free Services Offered:
-
Ninja Trader offers a free usage licence to allow its users to access the core and most basic features of their platform.
-
The free subscription is designed for traders who are new to their platform and want to explore and know more about its functionalities before being committed to a paid subscription. The free version of Ninja Trader also gives access to historical market data to the users.
-
It also gives its users access to a stimulated trading environment where users can practise trading in a similar environment of a live market using virtual funds without risking any real capital. This feature is beneficial for individuals to test new strategies before applying them in real market conditions.
-
However, the service of real-time market data is not included in the free license of the platform.
Paid Subscription Services:
-
Ninja Trader platform offers two types of paid subscriptions which are on a monthly basis and another for a lifetime.
-
The monthly subscription allows the users to reduce the trade commissions to $0.99 per trade and the monthly subscription of Ninja Trader costs $99 and needs to be renewed every month to continue the benefits provided.
-
It also offers a one-time payable lifetime subscription in which it offers the lowest commission on its platform, which is $0.59 per trade. The lifetime subscription fee of Ninja Trader is a one-time payment of $1499.
-
After paying this amount, the user can avail cheapest commission rates offered by the platform and paid membership also includes real-time market data on the platform and various other benefits.
Conclusion:
Thus, Ninja Trader is an excellent platform for trading in futures and shares as it offers much more features and tools, than other available trading and brokerage terminals in the market. Ninja Trader is a paid platform for a majority of services as explained above. However, it does offer some services for free for new users.