Last Updated on 11 September, 2023 by Samuelsson
Ninja Trader vs Tradestation (Review)
I recently had the opportunity to use both Tradestation and Ninja Trader for my trading needs. After using both platforms for a few months, I have come to the conclusion that both are great options for traders.
The main difference between the two is the cost. Tradestation is more expensive than Ninja Trader, but it also offers more features and tools. For example, Tradestation has an advanced charting package with more technical indicators and drawing tools. It also offers a great selection of backtesting tools that allow you to run simulations and evaluate different trading strategies.
Ninja Trader, on the other hand, is much cheaper than Tradestation but still offers a lot of features. It has a great selection of technical indicators and drawing tools, as well as a few backtesting tools. The main advantage of Ninja Trader is its user-friendly interface, which makes it easy to navigate and use.
Overall, both Tradestation and Ninja Trader are great options for traders. It really comes down to what features you are looking for and how much you are willing to spend.
10 facts about Tradestation
1. Tradestation is a platform for active traders and investors to trade stocks, futures, options, and forex.
2. It was founded in 1982 and is headquartered in Plantation, Florida.
3. Tradestation offers a variety of trading tools, including charting, order entry, and portfolio management, as well as comprehensive educational resources.
4. Tradestation is available for both desktop and mobile devices.
5. It offers a free practice account with simulated funds.
6. Tradestation offers access to over 200 markets in 31 countries.
7. It charges commissions on all trades, but offers discounts for active traders.
8. Tradestation’s fees vary depending on the type of account, the instrument being traded, and the amount traded.
9. It offers real-time streaming of market data and news.
10. Tradestation is regulated by the Financial Industry Regulatory Authority (FINRA).
10 facts about Ninja Trader
1. NinjaTrader is a powerful trading platform for active and experienced traders.
2. It is designed for futures, forex, and stock traders.
3. NinjaTrader is a multi-asset class trading platform with the ability to trade from charts, analyze market data, build custom indicators and automated trading strategies, and backtest trading systems.
4. It supports a wide range of data providers, including Interactive Brokers, TD Ameritrade, eSignal, IQFeed, and more.
5. NinjaTrader provides both a free and a paid version of its platform.
6. The free version includes a limited number of features, such as charting and market data, but does not allow for automated trading or strategy building.
7. The paid version includes a full suite of features, such as automated trading, strategy building, backtesting, and more.
8. NinjaTrader is highly customizable and supports a wide range of trading strategies.
9. It is available for both Windows and Mac operating systems.
10. NinjaTrader is owned and operated by Mirus Futures, LLC, a commodity and futures broker based in Chicago, Illinois.