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Reputable Broker that trades with NinjaTrader

  • #1
  • First Post: Aug 2, 2016 8:57am Aug 2, 2016 8:57am
Hi all,

I'm looking for a reputable broker that supports Ninjatrader as a platform. Any help would be greatly appreciated. I am based in the UK. Thanks
  • #2
  • Dec 18, 2016 9:02am Dec 18, 2016 9:02am
Im in the same boat... I spoke to NT and they keep directing me to FXCM, no way in hell im joining that broker.
  • #3
  • Dec 20, 2016 7:34am Dec 20, 2016 7:34am
Anyone? Has anybody had traded with Interactive Brokers using NinjaTrader and what are your thoughts?
  • #4
  • Dec 20, 2016 8:05am Dec 20, 2016 8:05am
Quoting flinx
Hi all, I'm looking for a reputable broker that supports Ninjatrader as a platform. Any help would be greatly appreciated. I am based in the UK. Thanks
Hi Flinx,

FXCM supports NinjaTrader. We have offices in London and are regulated by the Financial Conduct Authority. That means your funds with FXCM UK are insured for up to £50,000 by the Financial Services Protection Scheme. We also offer you various funding and withdrawal options as a UK resident: http://bit.ly/2hW6MoL
  • #5
  • Dec 20, 2016 8:10am Dec 20, 2016 8:10am
Quoting Tuk786
Im in the same boat... I spoke to NT and they keep directing me to FXCM, no way in hell im joining that broker.
Welcome to the forum, Tuk!

As you have said yourself, you are looking for a reputable broker that supports NinjaTrader, and NinjaTrader themselves have directed you to us when you asked.

Is there anything I can do to address your concerns?
  • #6
  • Edited 8:55am Dec 20, 2016 8:40am | Edited 8:55am
Right off the bat, you shouldn't use Ninja Trader for real trading. The software company itself is not reputable and I am talking from personal experience. It has nice graphics, nice backtesting facility and a good collection of indicators so it's a good software to use for demo trading and backtesting ONLY. It's NOT even good for watching prices because you can get nasty spike candles in the middle of the price feed that screws up your entire indicator.

Once you decide to trade for real, you need to find another software. It's NOT worth it to waste your money with those jokers. Remember it's your business and every single cent counts. It's already hard to enough to make consistent profit in forex trading, you can't afford to watch your profit erode away because of bad software like Ninja Trader which is what happened to me. I have lost thousands of $$'s of profit after deciding to give them a chance and paid hundreds of $$'s for a real trading license. If you want to know the details about my experience, read this thread about Ninja Trader here: http://www.forexfactory.com/showthre...=464354&page=5. My experience is all documented there and you will see I am not the only who had horrible experience with that software. It's caused a lot of headaches and heartaches and burned huge holes in the pockets of many of us.

And mind you it's the company NOT the software that sucks. All the horrible crap with the software is NOT the result of the limitation of the software but the stupidity and the business philosophy of whoever is running that company. Honestly if somebody is able to take over that company and run it well, Ninja Trader could become one of, if not the top trading software in the world. It's a good piece of software that's got a lot of potential but in the hands of the current management, it's slowly decaying away which is a great shame.
Make your losses in demo. Earn your profits live.
  • #7
  • Dec 20, 2016 1:23pm Dec 20, 2016 1:23pm
What trading software do you use? Do you recommend against using Ninjatrader for futures as well? Now that IB is gone, I'm not sure I trust any of the remaining US brokers, and may just stick to futures.


Quoting Forexia
Right off the bat, you shouldn't use Ninja Trader for real trading. The software company itself is not reputable and I am talking from personal experience. It has nice graphics, nice backtesting facility and a good collection of indicators so it's a good software to use for demo trading and backtesting ONLY. It's NOT even good for watching prices because you can get nasty spike candles in the middle of the price feed that screws up your entire indicator. Once you decide to trade for real, you need to find another software. It's NOT worth it to waste...
  • #8
  • Dec 20, 2016 7:14pm Dec 20, 2016 7:14pm
Quoting ForexGuyNYC
What trading software do you use? Do you recommend against using Ninjatrader for futures as well? Now that IB is gone, I'm not sure I trust any of the remaining US brokers, and may just stick to futures. {quote}
IB should still be around for futures just not in spot forex which is a GREAT loss to US forex traders. For trading software, I recommend Sierra Chart. It supports variety of brokers for various instruments and pretty much all of the data packages out there, Rithmic, CQG and etc.; it has a programming facility based on C++ to create your own indicators and strategies that is super easy to learn; I was able to reprogram all of my own indicators from C# from Ninja Trader to C++ no problem and they provide tutorials and DETAILED documentations and if you see something that should be added to the documentation, once you report it they add it right away; it has a HUGE and I mean HUGE collection of indicators both stock and user-created and most important of all, it is RELIABLE. The server is fast, loading of charts (unlike Ninja Trader where you wait forever) and execution is instant and it NEVER misses trading signals. There is RARELY any price spikes and if there is, you report it and it gets fixed RIGHT away. It has knowledgeable team of technical support that actually DOES know what they are talking about. It's basically EVERYTHING that Ninja Trader should be and more. And it only cost $18/month. I am not joking, $18 a month!!! If you subscribe for more months, you even get discount.

Imagine you get all of that and you only pay $18 a month and you get a crap of software Ninja Trader and they dare charge you $180 for 3 months! Go read reviews about Sierra Charts and you will see that I am not the only one who's happy with their service.
Make your losses in demo. Earn your profits live.
  • #9
  • Dec 21, 2016 1:18am Dec 21, 2016 1:18am
Quoting Forexia
{quote} I recommend Sierra Chart.
Correct me if I am wrong, but Sierra host your trades (your account,data downloading and all of your trades are hosted with them - this is why it is so fast, everything happens on sierra servers not on your computer). Who in their right mind would sell their order flow/trading activity to a 3rd party?
  • #10
  • Dec 21, 2016 10:42am Dec 21, 2016 10:42am
Quoting deltafx
{quote} Correct me if I am wrong, but Sierra host your trades (your account,data downloading and all of your trades are hosted with them - this is why it is so fast, everything happens on sierra servers not on your computer). Who in their right mind would sell their order flow/trading activity to a 3rd party?
Actually Sierra Charts does NOT host anything on their server. They are a software and that's it. They function EXACTLY the same way as Ninja Trader in that they are only a "data/trading service broadcaster" as Ninja Trader would call it. Basically, it's your broker and/or data service that you subscribe to that provides all the data and/or trading services, they pass them to Sierra Charts and Sierra Charts just disseminate it to you via their software. You can read the details here on their website: http://www.sierrachart.com/index.php?page=doc/Data.php

Now this is where it gets interesting. Since Sierra Charts broadcast the same data as Ninja Trader if they happen to support it, WHY would the SAME data let's say from Rithmic display perfectly fine and fast on Sierra Charts and yet becomes spiky and super slow and inaccurate when it was disseminated by Ninja Trader? And there is a lot of problems with Rithmic data through Ninja Trader if you read the thread that I posted in my previous post #6 here. Granted that if there is a problem with the data displayed, it would be the problem with the data service provider, in this case Rithmic and not Ninja Trader but WHY would the SAME data from Rithmic be displayed perfectly fine on Sierra Charts software? Rithmic giving Ninja Trader bad data on purpose? And guess what is the solution that Ninja Trader proposes to resolve these data issue? Spend another several hundred $$'s with them to subscribe to their own "recommended" data service which they guarantee would have no problems. LOL Major hmmmnnn's here don't you think?
Make your losses in demo. Earn your profits live.
  • #11
  • Dec 21, 2016 11:54am Dec 21, 2016 11:54am
Thanks for your insight Forexia... I will be testing Axiory with cTrader and LMAX with Sierra Charts for the next couple of weeks.
  • #12
  • Dec 21, 2016 12:05pm Dec 21, 2016 12:05pm
Quoting Forexia
{quote} Basically, it's your broker and/or data service that you subscribe to that provides all the data and/or trading services, they pass them to Sierra Charts and Sierra Charts just disseminate it to you via their software.
You did confirm my statement.Everything is hosted at sierra, everything goes through sierra server.
The sierra client connect to sierra server, and the sierra server doing things for you. Your trade never hit rithmic directly, it will hit the sierra server first, and then sierra place the trade on your behalf.
Of course you can believe for the sierra support they are harmless, that is up to you, but I would not pay to sell my own orderflow.
  • #13
  • Dec 21, 2016 12:32pm Dec 21, 2016 12:32pm
Quoting deltafx
{quote} You did confirm my statement.Everything is hosted at sierra, everything goes through sierra server. The sierra client connect to sierra server, and the sierra server doing things for you. Your trade never hit rithmic directly, it will hit the sierra server first, and then sierra place the trade on your behalf. Of course you can believe for the sierra support they are harmless, that is up to you, but I would not pay to sell my own orderflow.
Rithmic is NOT a broker just so you know. It's a data provider and to get data from Rithmic, yes you do have to pay Rithmic NOT Sierra Charts to get data. You are only paying Sierra Charts to use their software. And when your trading signal on Sierra Charts are triggered that resulted in a trade, of course that trade gets sent to the broker that's supported by Sierra Charts and resides on the broker's server for it to execute. Sierra Charts is NOT a broker so WHY would it want to keep your trade and execute your trades? I don't understand how pointing this out shows that Sierra Charts hosts things on their server?

If you prefer to manually put in the trade directly with your broker that's fine. But for those of us who wants to trade via an external trading software perhaps using automated trading system/strategy, all I am saying is Sierra Charts is a really good choice vs the joke of Ninja Trader, that's all.
Make your losses in demo. Earn your profits live.
  • #14
  • Dec 21, 2016 12:53pm Dec 21, 2016 12:53pm
Quoting Forexia
{quote} Rithmic is NOT a broker just so you know. It's a data provider and to get data from Rithmic, yes you do have to pay Rithmic NOT Sierra Charts to get data. You are only paying Sierra Charts to use their software. And when your trading signal on Sierra Charts are triggered that resulted in a trade, of course that trade gets sent to the broker that's supported by Sierra Charts and resides on the broker's server for it to execute. Sierra Charts is NOT a broker so WHY would it want to keep your trade and execute your trades? I don't understand...
I would copy the same again:
The sierra client connect to sierra server, and the sierra server doing things for you. Your trade never hit rithmic (or your broker) directly, it will hit the sierra server first, and then sierra place the trade on your behalf.
The main point: All your trading activity is going through sierra server. You do not have direct connection to your broker. If you still want to promote them, that is up to you.
  • #15
  • Dec 21, 2016 1:02pm Dec 21, 2016 1:02pm
Quoting Tuk786
Thanks for your insight Forexia... I will be testing Axiory with cTrader and LMAX with Sierra Charts for the next couple of weeks.
cTrader is good. I have used it before as well but just want to caution you on one thing. cTrader still does provide brokers a lot of "customization capabilities" in terms of trade executions and price displays from the cTrader's side whereas Sierra Charts is completely independent, what you see and do is what you get with no possibilities from your broker of interfering in anyway of how the trade is being handled while on Sierra side. Once it's transmitted to the broker's server then it's up to the broker. And also cTrader's C# programming capabilities is quite limited, a lot of features and functions that you want for your system might not be able to be programmed in cTrader simply because it's being made available by cTrader's flavour of C#.
Make your losses in demo. Earn your profits live.
  • #16
  • Dec 21, 2016 1:06pm Dec 21, 2016 1:06pm
Quoting deltafx
{quote} I would copy the same again: The sierra client connect to sierra server, and the sierra server doing things for you. Your trade never hit rithmic (or your broker) directly, it will hit the sierra server first, and then sierra place the trade on your behalf. The main point: All your trading activity is going through sierra server. You do not have direct connection to your broker. If you still want to promote them, that is up to you.
Yes I still want to, I am not promoting them, just share my experience with Sierra Charts with people upon their request. And like I said before and I will copy here again as well:

If you prefer to manually put in the trade directly with your broker that's fine. But for those of us who wants to trade via an external trading software perhaps using automated trading system/strategy, all I am saying is Sierra Charts is a really good choice vs the joke of Ninja Trader, that's all.
Make your losses in demo. Earn your profits live.
  • #17
  • Dec 21, 2016 1:21pm Dec 21, 2016 1:21pm
Quoting Forexia
{quote} Yes I still want to, I am not promoting them, just share my experience with Sierra Charts with people upon their request. And like I said before and I will copy here again as well: If you prefer to manually put in the trade directly with your broker that's fine. But for those of us who wants to trade via an external trading software perhaps using automated trading system/strategy, all I am saying is Sierra Charts is a really good choice vs the joke of Ninja Trader, that's all.
If you copy, you still do not understand: "of course that trade gets sent to the broker that's supported by Sierra Charts and resides on the broker's server for it to execute"

In case of sierra, trade to not go to the broker, the trade go to sierra server.

What is normal: Trading client -> Broker -> Exchange
What is not normal: Trading Client (Sierra) -> ***3rd party server (Sierra)*** -> Broker -> Exchange
  • #18
  • Dec 21, 2016 1:27pm Dec 21, 2016 1:27pm
Quoting deltafx
{quote} If you copy, you still do not understand: "of course that trade gets sent to the broker that's supported by Sierra Charts and resides on the broker's server for it to execute" In case of sierra, trade to not go to the broker, the trade go to sierra server. What is normal: Trading client -> Broker -> Exchange What is not normal: Trading Client (Sierra) -> ***3rd party server (Sierra)*** -> Broker -> Exchange
WHY would you think the trade that goes to a trading software server is not normal? Please enlighten us.
Make your losses in demo. Earn your profits live.
  • #19
  • Dec 21, 2016 1:37pm Dec 21, 2016 1:37pm
Quoting Forexia
{quote} WHY would you think the trade that goes to a trading software server is not normal? Please enlighten us.
Oh, it is normal then? Can I give you my server IP, so your trades go through that also?
  • #20
  • Dec 21, 2016 2:04pm Dec 21, 2016 2:04pm
Quoting deltafx
{quote} Oh, it is normal then? Can I give you my server IP, so your trades go through that also?
Well if you are providing a trading software that I want to use, sure I wouldn't mind having my trades going through your server either but yours is not and Sierra Charts is a good trading software that I use to trade so it is normal for trades to go through their server to be executed.

Anyway I don't think you understand how trading software and/or their server works and what kind of service does trading software company provide so if you don't feel comfortable that your trades go through a trading software's server, don't use a trading software. Trade directly with your broker.

But for those of us who wants to trade via an external trading software perhaps using automated trading system/strategy, all I am saying is Sierra Charts is a really good choice vs the joke of Ninja Trader, that's all.
Make your losses in demo. Earn your profits live.
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