NinjaTrader — where it wins, where it loses
NinjaTrader does not currently take a column outright against this field. It loses on published spread. Its cost per ten lots is not confirmed, so it is left out of the cost ordering rather than estimated.
Column by column
The split
Two lists, no averaging. A broker that takes a column outright appears on the left of it; one that gets beaten on a column appears on the right. Nothing is scored into a single number, because a single number hides which side you actually care about.
Wins on
No column where NinjaTrader takes the field outright.
Loses on
- published spread
Cost per 10 lots is the EUR/USD spread cost of ten round-turn standard lots at the figure above, commission excluded. Where a broker publishes a "from" spread rather than an average, the comparison inherits that limitation — see the unconfirmed list further down.
Licensing
Which entity, which regulator, which number
Tier decides how much weight a licence carries in any safety column. Each row links to the page it was read from.
| Regulator | Number | Jurisdiction | Tier | Entity | Read from |
|---|---|---|---|---|---|
| CFTC / NFA | NFA ID 0309379 | United States | Tier 1 | NinjaTrader Clearing, LLC | nfa.futures.org |
Checkable
Facts the comparison runs on
On the record
- NinjaTrader Clearing, LLC is registered with the CFTC as a Futures Commission Merchant and is an NFA member under NFA ID 0309379.
- NinjaTrader was founded in 2003 by Raymond Deux.
- Kraken announced an agreement to acquire NinjaTrader on 20 March 2025 (https://ninjatrader.com/news/kraken-to-acquire-ninjatrader-introducing-the-next-era-of-professional-trading/).
- As a US FCM, NinjaTrader holds customer futures funds in segregated accounts as required by the Commodity Exchange Act.
- NinjaTrader publishes an FCM disclosure document under CFTC Regulation 1.55.
| Trading since | 2003 |
|---|---|
| Base | Chicago, Illinois, United States |
| Minimum to open | not verified |
| Leverage cap | |
| EUR/USD | not verified |
| Terminals | NinjaTrader Desktop, NinjaTrader Web, NinjaTrader Mobile |
| Account tiers | |
| Record confidence | high |
| Matchup-ready | no — too many gaps to run a fair head-to-head |
Excluded from the maths
Not verified
Not verified
These fields are not confirmed. They are shown as gaps, not filled in, and they do not feed any column of the matrix:
- minimum deposit
- maximum leverage
- EUR/USD spread (not a forex dealer)
- account type names
- negative balance protection
Costs less
Who beats NinjaTrader on price
Tickmill
$10.00 per 10 lots · wins on headline spread, platform choice
Eightcap
$10.00 per 10 lots · wins on regulatory reach
JustMarkets
$30.00 per 10 lots · wins on headline spread
CMC Markets
$50.00 per 10 lots · wins on headline spread, no minimum deposit, regulatory reach, platform choice
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money. Verify every figure with the broker before opening an account.