Forex.com vs. Ninjatrader – A Detailed Comparison
Discover our detailed comparison of Forex.com and Ninjatrader to help determine which is best for you. Whether you’re a seasoned trader or just starting out, choosing the right platform can significantly impact your trading experience.
To make your research easier, we manually found key data for Forex.com and Ninjatrader across the internet and compiled it all in this article.
- Best for futures trading
- Advanced order flow tools
- Solid charting tools
Overview of Forex.com
Forex.com is a comprehensive trading platform that allows users to trade forex, commodities, indices, and cryptocurrencies. It offers a range of account types, including standard, commission, and direct market access accounts, catering to different trading needs. Forex.com provides advanced trading tools and research resources, making it suitable for both novice and experienced traders. However, it lacks the social trading features found on some other platforms, and its educational resources could be more extensive. Despite these minor drawbacks, Forex.com is known for its robust trading infrastructure and competitive pricing.
✓ Best for forex trading
✓ Competitive pricing
✓ Several tradeable assets
Forex.com is Best For
Forex.com is best suited for traders who want to focus on forex and CFD trading with access to a wide range of global markets. It caters to both novice and experienced traders, offering advanced charting tools, real-time market analysis, and educational resources to help improve trading skills. The platform is particularly appealing to those who prefer the popular MetaTrader 5 (MT5) interface, as it provides exclusive tools and features when used with Forex.com. It also allows you to use advanced TradingView charting. Additionally, Forex.com is ideal for traders seeking a reliable and regulated broker with competitive spreads and the ability to trade on desktop, web, and mobile platforms.
Overview of Ninjatrader
NinjaTrader is a futures trading platform known for its advanced charting, trade simulation, and market analysis tools, targeting active traders who require detailed technical analysis capabilities and automated trading strategies. NinjaTrader has extremely competitive commissions for futures contracts, but doesn’t support many other assets. There is also a minimum account activity fee, so you must trade at least once per month to avoid this $25 fee.
✓ Best for futures trading
✓ Advanced order flow tools
✓ Solid charting tools
Ninjatrader is Best For
NinjaTrader is best for those specifically looking to trade futures. It has much lower futures commissions than the bigger brokers, but it does not directly support equity trading.
Key Characteristics of Forex.com and Ninjatrader
| Platform | Platform Type | Tradeable Assets | Charting Features | Data | Premium Pricing |
|---|---|---|---|---|---|
| Forex.com | Brokerage Platform | Over 80 FX pairs, CFDs for stocks, futures, futures options, and crypto | Chart via TradingView or MetaTrader | Real-time data is included with a funded account | No premium features |
| Ninjatrader | Futures Brokerage Platform | Futures, Futures Options, Forex | Free charting platform + premium charting option including volume profile and footprint | Real-time data with funded account | $99 per month or $1,499 lifetime for reduced commissions |
Trading Features and Tools
| Platform | DRIP | Margin Trading | Insurance | Mobile App |
|---|---|---|---|---|
| Forex.com | No | Yes | Not insured | Yes |
| Ninjatrader | No equity | Yes | Not insured | Yes |
Trading Costs and Commissions Compared
| Fee Type | Forex.com | Ninjatrader |
|---|---|---|
| Equity Commission | Trade CFDs by connecting to StoneX One | No equity |
| Option Commission | No options | No equity options |
| Futures Commission | Connect with StoneX One | $1.29 per contract, $0.35 micro |
| Futures Options Commission | Connect with StoneX One | Not specified, likely the same as regular futures |
| Option Exercise Fee | No options | None |
Forex.com vs Ninjatrader – Bottom Line
Choosing between Forex.com and Ninjatrader depends on your specific trading needs, preferred trading tools, and the type of assets you’re interested in.
Both platforms offer distinct advantages, but by considering the detailed comparison above, you can select the one that aligns best with your trading strategy and goals.
For more detailed reviews and comparisons, continue exploring our other articles on brokerage platform comparisons.
What is the Overall Best Charting Software?
I have reviewed and used nearly every trading platform available, and I believe that TradingView is the best overall charting software available. Here are some reasons why:
- All of TradingView’s key features are free to use
- TradingView provides real-time data for free whenever possible
- You are not tied to a single broker and can use whichever you want while charting on TradingView
- You can track all markets on a single platform, including stocks, ETFs, crypto, forex, and futures.
- TradingView has an excellent economic calendar and various screeners
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