What is the monthly cost of using NinjaTrader?

What is the monthly cost of NinjaTrader?

If you are interested in using NinjaTrader, one of the first questions you might have is: what is the monthly cost of this trading platform?

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NinjaTrader offers multiple pricing options, depending on your needs and preferences. The platform itself is free to use for charting, analysis, and simulated trading. This allows you to explore and familiarize yourself with the platform before committing to a paid subscription.

However, to access live trading features and connect to a brokerage account, you will need to subscribe to one of NinjaTrader’s paid services. They offer two main subscription options: the “NinjaTrader Brokerage” and the “NinjaTrader Continuum”. The cost for each option varies based on your trading requirements, such as the number of contracts traded or the type of data feed.

The NinjaTrader Brokerage subscription provides access to live trading and comes with a commission per trade. The cost for this subscription starts at a competitive rate and can be customized based on your trading volume.
The NinjaTrader Continuum subscription offers access to professional-grade order routing and data. The cost for this subscription is also based on trading volume and can be personalized to fit your needs.

It is important to note that while NinjaTrader itself may be free to use, there may be additional costs associated with data feeds, exchange fees, or broker commissions. These costs can vary depending on your chosen broker and the markets you trade.

Understanding the Pricing

NinjaTrader offers different pricing options to suit the needs of individual traders. The monthly cost of using NinjaTrader depends on the type of license and data feed you choose. Here is an overview of the pricing structure:

NinjaTrader Platform License: The NinjaTrader platform can be obtained for free by selecting the “Free License” option. This license provides access to basic features and functionality of the platform without any additional cost.
Lifetime License: Traders who require additional features and services can opt for the Lifetime License. This license requires a one-time fee and provides unlimited access to all advanced features and functionalities for a lifetime.

3. Data Feed: In order to receive market data and execute trades, traders need to subscribe to a data feed. NinjaTrader supports various data feed providers, each with its own pricing structure. Traders can choose the data feed provider that suits their trading needs and budget. 4. Additional Services: NinjaTrader also offers additional services such as advanced charting, market replay, and order flow tools. These services may have an additional cost, depending on the package chosen.

It is important to note that while the NinjaTrader platform itself is free, traders do incur costs for data feeds and additional services. The exact monthly cost will vary depending on the license and services chosen.

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Example Pricing:

License Type	Data Feed	Additional Services	Monthly Cost
Free License	Not Applicable	Basic Features	$0
Lifetime License	Not Applicable	All Advanced Features	One-time Fee
Free License	Data Feed Provider A	Advanced Charting	$X
Lifetime License	Data Feed Provider B	Market Replay, Order Flow Tools	One-time Fee + $Y per month

Note: The prices mentioned in the example are for illustrative purposes only and do not reflect the actual pricing of NinjaTrader and its services. Please visit the NinjaTrader website or contact their sales team for the most up-to-date pricing information.

Exploring the Monthly Cost of NinjaTrader

When considering using NinjaTrader, it’s important to understand the monthly cost associated with the platform. NinjaTrader offers various pricing options to suit different trading needs.

The basic version of NinjaTrader, known as NinjaTrader Free, is available at no cost. This version provides access to core features such as advanced charting, market analysis tools, and simulated trading. It is a good option for beginners or those who are not yet ready to commit to a paid subscription.

For more advanced features and connectivity to live trading accounts, traders can opt for one of NinjaTrader’s paid subscription options. The cost of these subscriptions depends on the specific package chosen.

The NinjaTrader Live subscription offers access to live trading in addition to all the features available in the free version. This subscription is available for $720 per year or $75 per month. Traders who choose the annual subscription can save $120 compared to the monthly option.

Another option is the NinjaTrader Live + CQG subscription, which includes connectivity to the Continuum by CQG data feed. This provides traders with faster and more reliable market data. This subscription costs $1,099 per year or $109 per month. Like the Live subscription, traders can save $120 per year by choosing the annual payment plan.

Lastly, for advanced traders who require access to additional trading platforms and data feeds, NinjaTrader offers the NinjaTrader Live + IQFeed subscription. This includes connectivity to IQFeed, which provides real-time and historical market data. The Live + IQFeed subscription costs $1,297 per year or $129 per month.

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It is important to note that these prices are for individual traders. Institutional and professional traders may have different pricing options available to them.

In conclusion, the monthly cost of using NinjaTrader depends on the subscription package chosen. Traders can start with the free version and upgrade to a paid subscription for more advanced features and connectivity. It’s important to assess individual trading needs and budget before making a decision.

Factors Influencing the Subscription Price

The monthly cost of using NinjaTrader is determined by several factors, including:

Trading Platform: The specific trading platform you choose to use can affect the subscription price. NinjaTrader offers different versions of its platform, each with varying features and capabilities. The more advanced versions are typically priced higher than the basic ones.
Data Feeds: The price of your data feed can also impact the overall subscription cost. NinjaTrader provides access to a wide range of market data, including real-time and historical data. Different data packages are available at different price points, depending on your trading needs.
Add-Ons and Indicators: NinjaTrader offers various add-ons and indicators that can enhance your trading experience. These additional tools may come at an extra cost, and their inclusion can influence the overall subscription price.
Market Access: Depending on the markets you want to trade, the subscription price may vary. NinjaTrader provides access to a diverse range of markets, including stocks, futures, and forex. The cost can differ based on the specific market access you require.
Brokerage Account: NinjaTrader integrates with different brokerage providers, and the cost of using the platform can depend on the selected broker. Some brokers may offer discounted or free access to NinjaTrader, while others may charge additional fees.
Licensing Type: NinjaTrader offers different licensing options, including lifetime and lease options. The pricing structure may differ based on the type of license you choose. Lifetime licenses provide long-term access to the platform, while lease licenses offer shorter-term agreements.

Considering these factors, it’s important to evaluate your trading needs and preferences to determine the most suitable subscription option and associated cost for using NinjaTrader.

FAQ:

What is the monthly cost of using NinjaTrader?

The monthly cost of using NinjaTrader depends on the type of license you choose. There are two types of licenses available: the Lease License and the Lifetime License. The Lease License costs $180 per quarter, while the Lifetime License costs a one-time payment of $1099.

Is there a free version of NinjaTrader available?

Yes, there is a free version of NinjaTrader available. It is called the NinjaTrader Continuum and it offers basic functionality for trading. However, it does not include some of the advanced features and tools available in the paid version of NinjaTrader.

What are the features included in the paid version of NinjaTrader?

The paid version of NinjaTrader includes a range of advanced features and tools for trading. Some of the key features include advanced charting capabilities, advanced order types, advanced market analysis tools, backtesting functionality, and access to a wide range of market data.

Can I use NinjaTrader with any broker?

NinjaTrader is compatible with a wide range of brokerage firms, including both futures and forex brokers. However, it is important to check with your specific broker to ensure that they support the use of NinjaTrader before signing up.

Are there any additional fees or costs associated with using NinjaTrader?

In addition to the monthly license cost, there may be additional fees or costs associated with using NinjaTrader. For example, some data feeds may have additional fees, and certain features or tools may require additional subscription fees. It is important to review the pricing and fees section on the NinjaTrader website for a complete understanding of the costs involved.

What are the pricing options for using NinjaTrader?

NinjaTrader offers a selection of pricing options for its users. There is a free version of the platform called NinjaTrader Free, which provides basic functionality but does not include live trading. For users who want to trade live, there are several paid options available. The most popular is the NinjaTrader Subscription, which costs $60 per month. Alternatively, users can also purchase a lifetime license for $999. There are also additional data feed fees for accessing real-time market data.