NinjaTrader is a futures trading platform known for its competitive commissions and low margins. It also offers a full suite of trading tools for futures traders, so you’re probably wondering, can I use NinjaTrader in Canada? Keep reading to find out and learn about what options are available for Canadian traders.
Is NinjaTrader available in Canada?
Yes—but only for residents of Ontario. If you live in Ontario, you can use NinjaTrader to trade futures with low commissions and margins.
But if you live in any other Canadian province or territory, you’ll need to find an alternative broker for all your online trading needs.
NinjaTrader alternatives in Canada
How does the NinjaTrader trading platform work?
NinjaTrader offers the following features to customers in dozens of countries and territories around the world, including users in Ontario.
Futures trading
NinjaTrader is a specialist futures broker where users can trade stock, energy, metal, agriculture, treasury and cryptocurrency futures. Customers can trade popular markets like E-mini S&P 500 index futures, and there are over 100 futures products to choose from.
Commissions and margin requirements
NinjaTrader has made a name for itself by offering low trading commissions and margin requirements. It offers $50 day trading margins and commissions starting at $0.09 per micro contract. Pricing varies depending on the trading plan you choose—Free, Monthly ($99 per month) or Lifetime ($1,499 one-time payment).
Trading platforms
NinjaTrader offers a choice of web, desktop and mobile trading platforms. Available on PC and Mac, its desktop trading platform offers advanced charting tools, more than 100 technical indicators, depth of market tools and advanced order types. It also has multi-screen support and provides access to thousands of trading apps and add-ons, allowing users to customize it to suit their needs. Mobile apps for iPhone and Android are also available for users who want to trade on the go.
All of the NinjaTrader alternatives featured in this guide offer web and mobile platforms. Some also offer desktop apps, including Interactive Brokers and Questrade.
Account requirements
There is no minimum deposit required to open a NinjaTrader account, though you will need to meet the broker’s margin requirements. You’ll also need to be aware of a 1% currency conversion fee if converting between CAD and USD, but there’s no annual fee to worry about. There is a minimum activity fee of $35 if you have a Free account but don’t make any trades for the month.
Futures trading simulator
NinjaTrader also offers a futures trading simulator. This free tool lets you test out your futures trading skills and strategies in a simulated environment, with live streaming market data used to provide an authentic trading experience.
Can you open a NinjaTrader account in another country?
Yes, it’s possible to open a NinjaTrader account in another country. The platform is available in dozens of countries and territories around the world, so if, for example, you’re a US citizen living in a country where NinjaTrader operates, you should be able to open an account.
If you’re unsure whether it’s possible to open a NinjaTrader account in your country, contact the NinjaTrader support team.
Which countries does NinjaTrader operate in?
NinjaTrader is available in dozens of countries around the world, including
- Argentina
- Australia
- Brazil
- Canada (Ontario only)
- China
- France
- Germany
- India
- United Kingdom
- United States
If your country of residence is not available to select from the dropdown menu when you apply to open an account, NinjaTrader is not available where you live.
Can you use NinjaTrader in Canada?
Yes, NinjaTrader is available in Canada, but only for residents of Ontario. Residents of other provinces and territories will need to check out NinjaTrader alternatives.
If you’re a resident of another country and you have a NinjaTrader account, you should still be able to access your account while visiting Canada.
What is the best NinjaTrader alternative in Canada?
There’s no such thing as a single online trading platform that’s best for everyone. The right NinjaTrader Canada alternative for you depends on factors such as what you want to trade, how often you trade and your level of investing experience.
You’ll need to compare platform features and fees in line with your requirements before deciding where to open an account.
That said, some of the best alternatives to NinjaTrader in Canada include Interactive Brokers and Moomoo.
Interactive Brokers supports futures trading, which is rare in Canada, and also provides access to a huge range of global markets and advanced trading tools.
Moomoo doesn’t offer futures trading in Canada, but it does offer a user-friendly trading platform and competitive commissions for users who want to start trading Canadian and US stocks and ETFs.
Can you download the NinjaTrader app in Canada?
Yes, you can download the NinjaTrader app in Canada. It’s free to download from Google Play and Apple’s App Store.
You can also download the NinjaTrader desktop app in Canada. This app is not only available for NinjaTrader customers in Ontario, but also for people in other provinces and territories who can use it to trade futures with a third-party broker.
Bottom line
Unless you’re an Ontario resident, you can’t use NinjaTrader in Canada. But the good news is that there are several legit NinjaTrader alternatives to choose from. Compare a range of options to find a platform that’s easy to use, has low fees and provides access to the markets and assets you want to trade.
Frequently asked questions about NinjaTrader
Sources
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