Read the detailed comparison between Tradovate and NinjaTrader to determine which futures trading platform is better. Importantly, NinjaTrader was initially established in 2003 to provide software and brokerage services for active traders. Founded in 2016, Tradeovate is known for its cloud-based infrastructure and strong pricing models pushing the trading landscape forward. Additionally, NinjaTrader acquired Tradovate in early 2022 in a $115 million deal – making futures trading more accessible across platforms. As a futures trader getting started, you need to know which platform can better meet your needs. This way, you can start futures trading with NinjaTrader vs Tradovate – based on your specific requirements. Keep reading for a detailed comparison of Tradovate vs NinjaTrader to select the best futures trading platform.
System Availability
First, consider system availability when comparing Tradovate vs NinjaTrader. Indeed, Tradovate offers software versions compatible across formats including desktop, mobile apps, and web. With Tradovate, you can download and run the software on both iOS and Windows systems as well – without using an emulator for either. Typically, NinjaTrader is better suited to Windows if you’re looking to trade on a desktop or laptop system. This is because it hasn’t yet delivered comprehensive software for macOS users. While NinjaTrader futures brokers comparison states that offers a trading app for download, some users claim the PC experience is stronger. In short, consider your preferred devices and system availability when choosing NinjaTrader vs Tradovate.
Usage Needs & Trading Goals
Next, consider your usage needs and trading goals to decide between Tradovate and NinjaTrader. Indeed, NinjaTrader is best for people specifically looking to trade futures. Usually, it offers significantly lower futures commissions than some of the bigger brokers. In addition, it doesn’t directly support equity trading. Tradovate is also ideal for futures traders – offering low commissions. This platform is better for traders who are trading enough to justify a monthly fee for lower rates. Like NinjaTrader, Tradovate is mainly for futures trading. Therefore, if you’re looking to trade other assets like stocks and ETFs you may want to consider another platform. Absolutely, consider your usage needs and trading goals as you compare NinjaTrader vs Tradovate.
Platform Tools & Capabilities
Moreover, consider different platform tools and capabilities when deciding between Tradovate vs NinjaTrader to choose best futures forex brokers. For example, NinjaTrader is well-known for its advanced charting tools – with multiple timeframes and indicators. In addition, it offers backtesting, automated trading, and drawing tools for in-depth market analysis. Simultaneously, Tradovate is well-known for its cloud-based platform – allowing you to access it from any device. Like NinjaTrader, it also offers robust charting tools on a simple user interface. Plus, access third-party tools and integrations to customize your trading. Undoubtedly, compare Tradovate vs NinjaTrader platform tools to decide which meets your futures trading needs.
Payment Plan Options
In addition, Tradovate vs NinjaTrader offer different payment plan options as well. Tradovate offers a two-week free trail option, so you can get used to its tools and functionality before you upgrade. Additionally, it also offers different tiered paid plans – including free, monthly, and lifetime. Notably, NinjaTrader and Tradovate both offer monthly plans at $99 per month and lifetime plans at $1,499. Both platforms offer nearly the same rates for standard and micro contracts for each plan tier as well. Typically, as you increase tiers, the commission rate also goes down. Definitely, consider payment plan options when choosing between Tradovate vs NinjaTrader.
Margin Rates
Furthermore, you should also consider margin rates when choosing between Tradovate vs NinjaTrader. For example, Tradovate requires a $10 account minimum for nano day trading. For smalls and micros forex brokers accounts, they require $25 and $50 respectively. But for standard futures, they typically require $500 plus. NinjaTrader typically lists their margin requirements by the market. Indeed, Micro E-mini Dow, Micro E-mini Russell 2000, and Micro E-mini S&P all require $50 margins. Their E-minis tend to run a $500 margin. Then, commodities like crude oil, gold, and natural gas can require a $1,000 margin. Of course, always check their website or platform for the latest rates so you can decide which works best for your trading strategy. Certainly, consider margin rates when choosing between Tradovate or NinjaTrader.
Consider the above factors for a detailed comparison between Tradovate vs NinjaTrader futures trading platforms. First, think about what devices you want to trade on – as well as each platform’s system availability. Next, consider your usage and trading goals. Moreover, platform tools and capabilities can make a big difference in your futures trading strategy. In addition, always check payment plan options to see the most up-to-date rates. Furthermore, consider margin rates to make strong trading decisions within your budget. Follow the points above for a detailed comparison of Tradovate vs NinjaTrader so you can choose which futures trading platform is right for you.
