Connect with us

Demo Trading

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…

Benzinga Money is a reader-supported publication. We may earn a commission when you click on links in this article. Learn more.

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 ContractsPer 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.

Hire a Pro: Compare Financial Advisors In Your Area

Continue Reading
Advertisement

Broker Reviews

Sollari Review – top 75 Broker ?

Sollari review

Sollari Review

Sollari is a global forex and CFD broker with trading platforms that is suitable and fully functional for all devices.

This is a good option for all levels of traders, although the product portfolio is average, and there is an inactivity fee to be aware of.

Initially formulated in 2023 to provide a robust forex trading platform, Sollari offering to include CFDs, indices, shares, commodities, and cryptocurrencies.

Sollari has several trading tools and features designed to make your trading experience as smooth as possible. The trading platform, has been heralded as a simple and convenient platform without losing the functionality you would find at MetaTrader 4. Some education is also available through the trading platform, and highly responsive customer service is available 24 hours a day.

Please read my full Sollari review for further details of this forex broker so you can decide whether Sollari can meet your needs.

Who is Sollari?

Sollari is a global forex, spread betting, and CFD online broker. Sollari is an online Crypto and Forex Broker providing traders across the globe with cutting-edge technology to trade the world’s markets. In a continuous effort to give their traders a more comfortable and safe trading experience, their experts have been improving their service and solutions ensuring traders have the freedom to trade whenever and wherever they like.

 They are headquartered in Kingstown, St Vincent and the Grenadines. with offices in Milan, Nassau, Sofia, and Luxembourg and are authorized and 

Sollari product range overview

The product range at Sollari is average compared to other brokers. They offer a solid selection of currency pairs and CFDs, no futures CFDs, and an average number of commodity and stock index CFDs. additionally they do offer leverage trading on the main cryptocurrencies.

Sollari Range of Market

Sollari Range of Market

Forex trading

More than 50 Forex pairs are available at Sollari with no commission and some of the tightest spreads in the industry.

Indices and Financial Trading

Indices and financial CFDs have flexible margin requirements and low spread , representing some of the industry’s best spreads. There are no overnight or hidden fees of any description to worry about.

Commodities Trading

At Sollari, there are several commodity CFDs, including metals and energies.

Share CFDs Trading

Trade more than 100 company shares without ever owning the underlying security. At Sollari, you can access global stock exchanges with the option to go long and short and benefit from leverage. For non-leverage trading, there is zero commission.

 

Sollari Accounts

There are five trading account options at Sollari. Of note are the Professional Trading Account and the Islamic Trading Account. There is also a free demo account from where to practice your trading.

Free Demo Account
You can select from the free demo account which platform you would like to practice trading on their trading platform. You will immediately receive $100,000 of virtual funds, which can be used to familiarise yourself with the financial markets and forex and CFD trading.

Islamic Account
This is a Shariah-compliant Islamic account which includes many features that are in keeping with Sharia law.

 

See here the overview of all the accounts.

 

BASIC ACCOUNTSTANDARD ACCOUNTGOLD ACCOUNTPRO ACCOUNTVIP ACCOUNT
MINIMUM DEPOSIT$5,000$10,000$25,000$100,000$250,000+
ORDER EXECUTIONInstantInstantInstantInstantInstant
ACCOUNT CURRENCYUSD, EUR, GBPUSD, EUR, GBPUSD, EUR, GBPUSD, EUR, GBPUSD, EUR, GBP
ACCOUNT MANAGERyesyesyesyesyes
SPREAD, PIPSFixedFixedFixed & Floating, VariableFixed & Floating, VariableFixed & Floating, Variable
QUOTATION (NUMBER OF MARKS AFTER POINT)5 marks5 marks5 marks5 marks5 marks
LEVERAGE100100200500500
MAX. TRADE SIZE10 lots20 lots40 lots50 lots100 lots
REQUOTESNoneNoneNoneNoneNone
MARGIN CALL LEVEL40%40%40%40%40%
STOP OUT LEVEL30%30%30%30%30%
TRADING PLATFORMall devicesall devicesall devicesall devicesall devices
CUSTOMER SUPPORT24/5 support24/5 support24/5 support24/5 support24/7 support

Sollari Trading Platform

Sollari provides a web, desktop, and mobile trading platform on their trading platform, which is provided by the High-tech software provider “easytech”.

This trading platform has an excellent reputation among traders. 

Sollari Trading Platform

Sollari Trading Platform

web trading platform

The web platform allows you to place trades directly from your web browser in an easy-to-use interface that is customisable and available in several languages. The web trading platform falls short because of its lack of social trading; however, it is well-designed with several useful features.

There is a two-step login for additional security, and you can search for an asset using its name or by category. Order types include:

I was impressed with both the portfolio and fee reports which were comprehensive and easy to use, with clear information on commission, swap fees, and performance.

There are also the following useful features available on the trading platform:

Trailing stop

Trailing the position of a current price can then trigger a stop order as the price reaches a predetermined distance from a stop order. It works similarly to a stop order but in a more controlled way that aligns with movements in the market.

Market Sentiment

This allows you to closely monitor movements in the market using data from other traders concerning a specific instrument.

Hedging

This allows you to mitigate risks by investing in the same product in a different direction.

Charts

Real-time charts provide up-to-the-moment information, including historical trends, forecasts, and current trends.

Sollari mobile trading platform

The mobile trading platform is in keeping with the web trading platform, with much of the same functionality. 

The actual design is well laid out and easy to use with customizability. I found the mobile app fast with personalised watch lists and the ability to open positions directly from real-time charts.

There are price alerts that include statistical alerts, which can be monthly or yearly for currency pairs, indices, etc. Clicking on the alert will automatically open the app on the instrument.

Sollari desktop trading platform

Use the desktop platform. This platform is designed with professional traders in mind, leaving the webtrader as an alternative for beginners and intermediate traders.

There is excellent customizability, some good search functions, and a choice of several languages.

There are several tools and technical indicators designed to enhance your trading activity.

Sollari customer service review

Customer service is excellent at Sollari, with immediate response times across multiple channels.

There are several channels for contacting customer support, including phone and email. When I tested their service, my query was dealt with immediately without even the intervention of a chatbot. The service provided via email and phone was similar, with fast, relevant responses to my queries. Customer service is provided 24/5, which is above average.

Sollari is opening an account.

The account opening process is straightforward, fully digital and quick. You will need your ID.

To open your account, you should first decide on the account type you wish to open

Then you can follow these quick and easy steps:

  • Select your country of residence
  • Add personal information, including name and email address
  • Choose a password
  • Enter your home address and tax residency
  • Complete some simple questions relating to your trading experience
  • Fill in information pertaining to your personal finances, such as income and savings and employment status
  • Select your base currency
  • Upload your ID documentation and proof of address, such as a utility bill or bank statement.

Sollari Deposit and Withdrawal

Deposits and withdrawals and essentially free, and the minimum deposit is high compared to what you would find at other brokers.

Before making your first deposit, you will need to choose between the following base currencies:

EUR, USD, GBP

Deposit options include:

  1. Bank transfer
  2. Credit and debit card
  3. Cryptocurrency

The minimum deposit is $5000, which is high compared to other brokers. There are no fees should you choose to deposit via bank transfer from your bank account.

Bank transfers take several business days.

Withdrawals can be made using the same methods accepted for deposits, and there are no withdrawal fees for electronic wallets and credit/debit cards. 

Sollari safety

Sollari is not regulated by the Financial Conduct Authority (FCA) but is performing full due diligence to comply with AML regulations.

In addition, all client funds are held in segregated bank accounts to protect those funds should Sollari go bust.

The Sollari negative balance protection protects client funds should their balance go negative.

Sollari fees

Sollari has low CFD and forex fees and average non-trading fees.

Fees can be separated into two main categories for a CFD and forex broker: trading and non-trading fees.

Trading fees

The trading fees will vary depending on the financial instruments you are trading within each asset class. Trading fees can be charged as a spread, a commission, or a financing rate.

Spreads differ between the bid and ask price for a foreign currency price. Here’s how Sollari spreads compare against some other forex brokers:

Non-trading fees

Sollari has low non-trading fees as they do not charge deposit and withdrawal fees, and there is no account fee.

Inactivity fees are charged. There are inactivity fees to be aware of. However, these will only kick in once your account has been inactive for several months and you have a positive balance.

Who is Sollari suitable for?

Sollari is suitable for all levels of traders looking for a solid trading platform and very competitive spreads.

The selection of account types is aimed at both retail and professional investors.

Continue Reading

Demo Trading

The Advantages and Negatives of Forex Demo Trading

trading on the demo account

Intro to Fx Demo Trading

Despite the placement as the planets greatest monetary market, the forex marketplace only became easily available to retail traders in latest years because of the introduction of sites based trading via on-line forex brokers.

Aspiring forex investors can right now make use of digital trading systems – like the extremely well-known MetaTrader software program
(offered as a free of charge download by MetaQuotes Software program Company ) to access the large forex market thou they might trade only in very small amounts themselves

The majority of on the web brokers will support MetaTrader and could also provide their own proprietary platforms or web-centred dealing interfaces.

These types of systems typically enable traders to do a quick overview of the currency marketplace and maybe carry out some specialized evaluation, in addition to permitting them to gain access to trading necessities like purchase access and deal delivery for a wide selection of foreign currency pairs.

free of charge fx practice account

Like a common way of motivating forex investors to use their offer setup solutions and first deposit funds with them to make use of as trading accounts perimeter, many online forex brokers will offer a free of charge fx practice account to potential or existing clients.

Referred to as a forex demonstration accounts, such unsecured debts enable a trader to encounter a hands-on demo of what seems prefer to trade currency pairs in the forex market with this broker without placing any actual money at risk.

Although using a FX trading demo account has several benefits for traders, some tricks are well worth talking about because the technicians of getting into a demonstration operate and the producing emotional responses an investor can possess while controlling it can differ significantly from the encounter of live forex trading utilizing their personal hard-attained money.

Additional common demonstration accounts circumstances which make them vary considerably from an actual cash financed account include broker-imposed period limitations and set debris of virtual foreign currency.

The subsequent areas of this content will talk about starting up an on the web trading demo accounts, in addition to probably the most significant benefits and negatives of using a demonstration forex account in comparison to utilizing a live fx accounts for trading foreign currencies.

Starting Up a Free of charge Forex Demonstration Account
Simply about any trustworthy fx broker will allow potential and current customers to open up up a demo account with them free of charge to enable investors to practice currency trading using digital money.

Demo accounts traders frequently also get access to at least a few of the broker’s customer providers and consumer support personnel to ensure that they can obtain a much better feeling for what coping with the broker will end up being like when they determine to finance a trading account with genuine cash.

Investors desperate to open up a demonstration trading accounts can typically get around to the site of one or even more forex demonstration brokers and adhere to guidelines shown there for opening up a demo or practise account with the brokers they select.

Selecting the greatest fx demo accounts for your requirements might require critiquing those provided by a number of online brokers with different features in order to make an knowledgeable decision which broker is the best partner for your start.

When starting a demonstration account, you may even require to choose a quantity of virtual money to fund the demonstration accounts with and get into some personal data to determine yourself with.

In case you feel worried about offering your true personal data to a broker you are will to try not really you have more freedom as no documentation is required for this in general, the moment you open a real account your KYC documentation will be needed for compliance and this protects the broker as well as the traders from money laundering and fraud. 

You can also open up a new e-mail account to get communications about the demo forex account if you are concerned about getting your personal email address offered to third celebrations like digital email entrepreneurs.The Advantages and Negatives of Forex Demo Trading

 

Pros of Forex Demonstration Trading Demo_trading_advantages

The two beginner and experienced forex investors regularly make use of demo accounts to rehearse trading currencies and check out a fresh broker or trading strategy.

Some of the more common advantages of interesting in forex demo trading consist of the following:

Observe if You Like Trading Foreign currencies

Those fresh to trading foreign currencies or trading generally can use an fx demo accounts to find if they are psychologically and psychologically appropriate to the bustle of trading forex. Everyone is usually different, and some people might actually appreciate trading currencies, as the activity might not match others’ preferences, personas or lifestyles at all.

Operate Forex without Risk Whilst Learning or teaching how to trade

– Beginners who are still learning how to operate foreign currencies frequently experience substantially even more assured putting their real cash in danger in the marketplace if they have an opportunity to try points away from 1st. A demo account allows them to place their training into practice in a near to actual existence environment without placing their genuine money at risk. This enables those to make common beginner’s mistakes while they find out without needing to spend for the effects out with their very own bank.

Practice Great Cash Administration Methods –

One of the secrets to taking pleasure in long-term success when trading forex requires learning to apply well-established cash administration concepts. A demonstration accounts allows a brand-new or skilled trader to practice such methods completely on true exchange rate actions and see on their own how the common benefits accumulate to their demo account in digital money earnings.

Find out to Control Your Feelings When Trading –

Probably the most difficult elements of trading for many people consists of learning how to control their psychological reactions to earning and shedding deals in such a method that it stimulates overall success. Dealing properly with normally regular mental replies to producing and losing cash – such as dread, avarice and wish – can often differentiate the effective fx investor from the loss.

Check a fresh Trading Technique Without Jeopardizing Actual Money –

Smart experienced traders and beginners as well will generally wish to check the achievement of any new trading technique they arrive plan before applying it in a live trading environment. This kind of enables them to accustom themselves to pursuing the program and also to function out any insects in it that may become obvious while using it as real exchange price movements happen.

Try Out a New Broker’s Trading System –

Unless you are utilizing the Mt4 system that a great deal of on-line forex brokers support, you will most likely want to make use of a demonstration accounts to observe whether a fresh fx broker’s private internet or client structured trading platform is usually ideal for your trading requirements.

Examine if a Fresh Broker Offers Useful Features and Solutions –

Fx Brokers keen to possess you open up a live trading account with them will frequently provide demonstration investors gain access to their unique customer features, educational and information services, and customer support departments. This can be a great method to examine your quality of the broker’s general solutions before carrying out any actual trading money to ensure they are the type of trading partner you will need keeping your accounts.

Continue Reading

Broker news

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

Continue Reading

Trending