Whether you are a seasoned futures trader and need a new platform to trade through or are just wading into futures, NinjaTrader and Tradovate both provide great charting tools and functionality. They are all easy to use, offer customer support, and general pricing varies, so one is superior to the others to specific traders.
Continue our NinjaTrader vs Tradovate review to choose the best platform according to your trading preferences and analysis needs.
User Experience and Platform Interface
Tradovate also boasts a web-based, clean interface. It can be used on any device, and no software needs to be installed, which is quite attractive to people who prefer convenience and portability. Its interface is elegant and user-friendly; thus, it is more apt to newer traders.
NinjaTrader is a more advanced desktop platform that has much more personalisation and more professional features. Although its learning curve is steeper, its interface is used by more experienced traders who require precise control over charts, order types, and surroundings.
Charting and Technical Analysis
In charting, NinjaTrader indicators are revolutionary. One of the most powerful charting platforms on the market, NinjaTrader has a vast number of native and third-party indicators in its package. Even professional clients can make their custom strategies from the company’s proprietary coding language, NinjaScript. This puts the trader in a position where they can tailor the platform to their own trading needs.
Tradovate also has good charting capabilities, but is not as feature-laden as NinjaTrader. It does allow some form of indicator customisation, though those seeking extremely specialised indicators or algorithmic solutions might be let down.
Order Execution and Performance
Both of them are quick to execute orders, but with more in-control execution from NinjaTrader. There are add-ons such as Chart Trader, DOM (Depth of Market), and ATM (Advanced Trade Management) strategies available within NinjaTrader that make it suitable for traders who require accuracy and flexibility in rapidly changing markets.
Tradovate is quick and cloud connectivity-based, but does not have some of the advanced trade management features that make NinjaTrader the leading tool for scalpers and high-frequency traders.
Pricing and Commissions
Tradovate has a no-commission subscription model, which charges a flat rate per month. This might be a cost-saving option for high-frequency traders who do not wish to pay per-trade commissions.
NinjaTrader has a base version with restrictions and a one-time lifetime license. Although the initial payment might be higher, it charges less per-contract commission, particularly when trading through NinjaTrader Brokerage.
Final Verdict: NinjaTrader vs Tradovate
The decision between NinjaTrader vs Tradovate will be based on your trading experience and style. Tradovate is accessible and straightforward enough for mobile and recreational traders. But sophisticated futures traders who depend on professional technical analysis, customizable tools, and best-order management are the ones who use NinjaTrader.
For those investors seeking to upgrade their trading advantage, NinjaTrader’s complete set of indicators offers unparalleled levels of flexibility and functionality. High-quality NinjaTrader indicators and sophisticated trading tools are available at Ninza.co, a platform designed to assist traders who utilize both Tradovate and NinjaTrader.