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TradeStation vs NinjaTrader 2020 • Benzinga

TradeStation and NinjaTrader both rank in our top 5 futures brokers for 2020. But there’s a catch; NinjaTrader deals exclusively with futures while TradeStation is a multipurpose brokerage that offers an array of asset classes.  You will find a nearly overwhelming supply of data feeds, research tools, customizable technical indicators and real-time market analysis on…

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TradeStation and NinjaTrader both rank in our top 5 futures brokers for 2020. But there’s a catch; NinjaTrader deals exclusively with futures while TradeStation is a multipurpose brokerage that offers an array of asset classes.  You will find a nearly overwhelming supply of data feeds, research tools, customizable technical indicators and real-time market analysis on both platforms. Although these brokerages are best suited for the expert trader, they are gradually making efforts to assist rookie investors.

Both platforms are easy to sign up but if you still need more information to guide your decision, here is our NinjaTrader vs. TradeStation comparison.

Overview

Commissions

$0

Commissions

$0.09 per micro contract

Best For
  • Advanced traders
  • Options and futures traders
  • Active stock traders
Best For
  • Futures Traders
  • Traders looking for 24/7 action
  • Advanced Traders
Pros
  • Comprehensive trading platform and professional-grade tools
  • Wide range of tradable securities
  • Fully-operational mobile app
Pros
  • Powerful analysis tools
  • Free download and simulated trading
  • Open source trading apps to enhance experience
Cons
  • Confusing pricing structure to leave new traders with a weak understanding of what they pay
  • Cluttered layout to make navigating TradeStation’s platform more difficult than it should be
Cons
  • Can only trade derivatives like futures and options

Although it offers multiple asset classes, TradeStation is a registered futures commission merchant. Besides its commission-free pricing on futures, TradeStation allows you to trade more than 150 futures products and competitive market prices. The company offers a trading and analysis platform where active and institutional traders can diversify their investment portfolios.

The platform boasts electronic order execution and enables you to design, monitor, test, optimize and automate TradeStation’s custom futures trading strategies. The company also offers lightning-fast order execution capabilities for you to trade futures with one click. Its 24-hour global market analysis gives future traders direct access to all U.S. futures exchanges. Besides, the availability of futures market data allows you to back-test trading strategies with years of custom, continuous contract data.

TradeStation allows you to automate any of its futures trading strategies with its EasyLanguage tool. Futures pricing is also relatively low, with contracts as low as $0.25 per side per contract.

Trading futures on TradeStation allows you to diversify your investment portfolio, harness the power of leverage and trade global markets around the clock. You can enjoy the leverage, flexibility, liquidity and low rates associated with trading futures.

NinjaTrader allows you to trade futures for less. The company keeps all your futures trading costs low through low margins and deep discount commissions. At only $0.09 per micro contract, you can trade futures on NinjaTrader. The company also offers $50 margins for the most liquid and popular markets, which is quite low compared to other brokerages.

Futures trading on NinjaTrader is incredibly seamless, thanks to a plethora of tools and services available to support your trade. The company provides unlimited simulated futures trading, extensive historical data, unfiltered professional futures market data and a free 24-hour emergency trade desk. There are also 100+ indicators included on its platform as well as access to hundreds of third-party trading applications.

NinjaTrader offers auto-trade algorithmic trading strategies across multiple future markets to eliminate emotional trading and save you time. Its advanced trade management feature gives you access to predefined trade exits and entries for great consistency with your trades. Traders enjoy free access to vast market analysis, advanced charting and trade simulation with NinjaTrader.

TradeStation Fees and Commissions for Futures

TradeStation allows you to trade more than 100 futures products for $1.50 per contract per side. In its pricing disclosures, the company says that a $50 annual fee applies to all single-tier accounts ($1.50 per contract per side) that do not maintain an end-of-month equity balance of $2,000 or execute a minimum of 5 trades in the preceding 12 months. Futures accounts on TradeStation’s single-tier plan won’t incur an overnight fee.

TradeStation also has a tiered future commission plan for active individual, professional and institutional traders. A $99.95 monthly account service fee is applied to all accounts that don’t maintain an end-of-month equity balance of $100,000 or trade 10 round-turn futures options contracts or futures in the month before. A $0.10 overnight fee is also applied per net open futures for accounts that are on this pricing plan.

TradeStation charges $0 commission on futures trading.

Here’s a table showing tiered plans for futures:

Monthly Contracts Per Contract per Side
<300 $1.20
301–1,000 $1
1,001–10,000 $0.65
10,001–20,000 $0.45
>20,000 $0.25

NinjaTrader Fees and Commissions for Futures

The NinjaTrader brokerage allows you to trade futures at incredibly discounted rates with low margins and commissions. A futures trading account requires a minimum opening balance of $400 with commissions going as low as $0.09 per futures contract if you have a lifetime license. The day trading margins are $500 for NS (NASDAQ), YM (E-Mini Dow) and ES (E-Mini S&P 500) contracts, and $1,000 for CL (Crude Oil) and GC (Gold) contracts, which is relatively low compared to other brokerages.

Although this brokerage doesn’t charge for its services, its trading platform can be used on a fee-paying or lease basis. For options and futures, you will pay a $1.19 commission per contract. If you use the lease platform, you will be charged $0.83 whereas a lifetime license will cost you $0.53 per contract. 

Fees for futures trading sessions could vary from $0.50 to $4.82 depending on your exchange as well as the leverage applied. Buying or leasing a Lifetime license gives you access to a host of premium features including its advanced trading management strategic order handling.

As with platform fees, NinjaTrader’s advanced trading platform and live data are both available for free when using a demo account. To enjoy live trading, you can choose its free platform that contains the basic elements or go for a paid license level that offers lower commissions and more advanced features.

TradeStation Research Offerings for Futures

Built for expert futures options traders, TradeStation is a resource-rich platform that has many research offerings. Its advanced infrastructure helps you research and back-test futures trading strategies, thanks to the vast historical data it stores. In its knowledge center, the brokerage has a Getting Started section that can help beginners master futures trading.

You can also access educational content on various investment topics. The company also has a valuable market insight section that provides great insight into the futures market, an analysis of various sectors, updates on events, premarket commentary and podcasts on various market actions.

NinjaTrader Research Offerings for Futures

Besides its market depth and advanced charting tools, NinjaTrader boasts a powerful backtesting engine that allows you to test and verify multiple futures trading strategies using its available historical data. A plethora of useful educational resources is available if you’re a beginner who isn’t familiar with the platform and wants to hone your skills.

The platform, its indicators and a host of other features can be customized to the simplest level for easy comprehension by professional or active traders. Since NinjaTrader is primarily a futures brokerage, news, financial statements and economic data may be unavailable. But, nothing else beats its daily training webinars, helpful guides, hundreds of on-demand tutoring videos and an informative YouTube channel. Most of its research offerings are oriented toward investors who are focused on active futures.

TradeStation vs NinjaTrader for Futures Trading Bottomline

Although NinjaTrader and TradeStation are top brokerages for futures trading, TradeStation tends to be more multipurpose, offering several other asset classes to invest in. In addition, TradeStation feature-packed platform and advanced trading tools make it a great choice for active and institutional traders. You will also have access to more than 150 futures products, a comprehensive desktop trading platform, advanced charting and paper trading features.

NinjaTrader offers various free tools, low commissions and unlimited use of its free platform, making it a great option for new traders. The brokerage’s greatest talking points are the ability to let traders simulate in a live market environment, a flexible interface, extensive data feed options and free demonstration options. It also offers a 2-week free trial when you sign up.

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Donald Trump blasts ‘fools’ who oppose good Russian ties

US President-elect Donald Trump has posted a progression of tweets censuring the individuals who contradict great relations with Russia as “‘dumb’ individuals, or nitwits”.

Mr Trump promised to work with Russia “to comprehend a portion of the numerous… squeezing issues and issues of the WORLD!”

His remarks came after an insight report said Russia’s leader had attempted to help a Trump race triumph.

Mr Trump said Democrats were to be faulted for “gross carelessness” in permitting their servers to be hacked.

In a progression of tweets on Saturday, Mr Trump said that having a decent association with Russia was “no terrible thing” and that “lone “idiotic” individuals, or simpletons, would believe that it is awful!”

He included that Russia would regard the US increasingly when he was president

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Broker news

Bulls and Bears Took on More Currency Exposure in Week Through January

he most striking improvement among theoretical situating toward the finish of a year ago and the primary session of 2017 is not that modification were little. There was just a single gross theoretical position modification of more than 10k contracts. With sterling apparently not able to maintain even humble upticks, the bears added 13.1k contracts to the gross short position, lifting it to 120.2k contracts.

Or maybe, it is eminent that examiners for the most part added to positions, long and short, as opposed to close positions at the very end of the year. Examiners added to net long outside cash prospects positions, aside from in the Japanese yen and Swiss franc where 2.6k and 2.5k contracts were exchanged separately. Examiners likewise added to gross short positions. Here there was just a single exemption, the Japanese yen. Despite the fact that the dollar shut comprehensively higher in front of the end of the week, every one of the monetary forms we track here, spare the Mexican peso, picked up against the dollar in the three sessions since the finish of the CFTC reporting period.

Every once in a while it is helpful to review why many market members take a gander at the theoretical situating in the cash fates advertise. It is not that the outside trade is essentially a prospects showcase. It is principally an over-the-counter market in which every day turnover midpoints in abundance of $5 trillion a day.

Trade exchanged monetary forms and alternatives represented around 3% of the normal day by day turnover as indicated by the BIS study. Be that as it may, past reviews have discovered some contemporaneous connection between’s market heading and net position changes. We think it additionally offers knowledge into a specific market section of pattern supporters and energy brokers. It is not by any means the only device, yet one of a few data sources.

One ramifications of this is albeit theoretical positions in the money fates market are moderately extensive, it is still little contrasted and the money showcase. Along these lines, it is difficult to see the genuine essentialness of a record vast position, as though there is some market top. At some point, examiners are not driving the costs, possibly there is another fragment, national banks, enterprises, as well as genuine cash that is more essential at any given minute.

We invest some energy taking a gander at gross positions instead of just net theoretical positions, which is the more customary approach. We think a more granular look is frequently fundamental. There is a distinction between short-covering, for instance, and new purchasing, however it appears to be identical in the net. Additionally, the gross position is the place the introduction is not the net position. A net position of zero does not mean the market is nonpartisan. Net positions could be huge, which implies a short press or a negative stun could in any case troublesome. The positions that must be balanced are captured in the gross measure not the net figure.

We find numerous customers are likewise keen on theoretical situating in the US Treasuries and oil. The net and gross short theoretical Treasury position has swelled to new records. The bears added 23.8k contracts to the as of now record net short position, lifting it to 616.2k contracts. The bulls attempted to pick a base and added about 20k contracts to the gross long position, which now remains at 471.2k contracts. These modification prompted to a 3.8k contract increment in the net short position to 344.9k contracts.

The bulls delayed in the oil prospects toward the finish of 2016. They exchanged short of what one thousand contracts, leaving 608.1k gross in length contracts. The bears added 4.1k contracts to the gross short position, giving them 168k. These conformities trimmed the net long position by very nearly 5k contracts to 440.1k.

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Broker news

3 ways to profit in the ‘year of the dollar’

In December, the Federal Reserve raised loan fees for the second time since the Great Recession and included the desire of a 2017 financing cost climb to its gauge. Furthermore, only a couple days prior, the abundantly anticipated minutes from the most recent Fed meeting demonstrated the most hawkish tone from the national bank in two years.

In the meantime, Europe has been dove into political turmoil after a year ago’s Brexit vote and the later abdication of Italy’s leader. Somewhere else, the Bank of Japan proceeds down the way of negative rates and forceful security purchasing.

Put it all together, and it isn’t astounding that the U.S. Dollar Index is up against 14-year highs.

Speculators may have missed so much discussion on account of babble about the Dow Jones Industrial Average at the end of the day almost hitting 20,000. Be that as it may, paying little respect to your assignment to stocks or your venture skyline, this sort of huge picture incline in the dollar implies right now is an ideal opportunity to position your portfolio to benefit and, maybe most critical, to keep away from a portion of the pitfalls that can originate from a solid local cash.

Here are a couple ideas dollar exchanges ought to consider:

Residential plays over multinationals

There’s a considerable measure of seek after shopper stocks in 2017 on account of an enhancing work market and any desires for a jolt under a GOP-controlled Congress and President Donald Trump. In any case, remember that not all retailers are made equivalent especially those with abroad operations that are adversely affected by the wide dissimilarity in monetary standards at this moment.

For example, retailer Wal-Mart Stores Inc.(WMT) said troublesome money trade rates shaved very nearly 2.5% off profit for each partake in the second quarter of 2016. On the other hand consider that in the monetary final quarter of 2016, athletic attire goliath Nike Inc.(NKE) saw its income development cut down the middle because of forex weights, from 12% year-over-year in consistent cash measures to only 6% including real money changes.

To take advantage of the “reflation” exchange that numerous financial specialists are counts on in 2017, you need to represent the headwinds that a solid dollar are making for multinationals at this moment. The most ideal approach to do that is to consider customer plays that do by far most of their business here in the U.S. – for example, Foot Locker Inc.(FL), which has been an uncommon splendid spot in retail throughout the most recent couple of years.

Supported money ETFs

Obviously, in the event that you need a steady portfolio, you can’t just purchase just local centered values. Geographic expansion is similarly as imperative as enhancement crosswise over parts and resource classes. Such a large number of financial specialists keep on holding worldwide plays in light of a legitimate concern for a balanced portfolio, regardless of the possibility that it implies battling a daunting struggle as a result of a solid dollar.

The uplifting news, notwithstanding, is that you don’t need to leave yourself to torment through a solid dollar and a powerless euro when you put resources into Europe. Nor do you need to stress over the yen-dollar conversion standard when you put resources into Japan. That is on account of there’s an entire group of cash supported ETFs to permit financial specialists to put their cash in outside business sectors yet keep away from forex issues.

Consider that Japan’s Nikkei 225 file is up around 25% from its July 2016 lows. The WisdomTree Japan Hedged Equity Fund(DXJ) is up 35% in a similar period on account of assurance from forex issues and a somewhat better-performing rundown of stocks – while the non-supported iShares MSCI Japan ETF(EWJ) is up only 10% in a similar period because of battling a difficult task against a solid dollar.

In the event that you need to differentiate your portfolio comprehensively, you ought to consider supported assets that incorporate the Japan-centered DXJ, the WisdomTree Europe Hedged Equity Fund(HEDJ) to play Europe or the iShares money Hedged MSCI EAFE ETF (HEFA) for developing markets.

Dollar list ETF

In the event that you are searching for an immediate play on a rising dollar as opposed to putting resources into stocks, figuring out how to exchange remote trade can appear like an overwhelming undertaking. Gratefully, there’s the PowerShares DB US Dollar Index Bullish Fund(UUP).

This ETF is attached to the U.S. Dollar Index, which is a measure of the greenback against a wicker container of other worldwide monetary standards including the yen and the euro. It’s a straight money play, however that doesn’t make it straightforward or hazard free. In the event that the dollar debilitates, you’ll lose cash similarly as though you’re putting resources into a stock that has fallen on difficult circumstances. Furthermore, obviously, PowerShares takes a little cut of your speculations en route that indicates 0.8% yearly, or $80 a year on each $10,000 contributed.

Still, in the event that you need to conjecture on the dollar or support against a solid U.S. cash keeping down other worldwide ventures on your rundown, it’s maybe the least demanding approach to do as such for generally financial specialists.

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