SpeedTrader or NinjaTrader – which is better for UK traders 2024? Compare SpeedTrader and NinjaTrader in this detailed breakdown of their platforms, features and fees.
SpeedTrader is an online stock broker based in New York. Founded in 1999, the brokerage provides direct access trading software to experienced stock traders, with over 25 routing options. The broker is authorized by FINRA and SIPC, providing robust client protection.
NinjaTrader is a US-headquartered and regulated brokerage that specializes in futures trading. There are three pricing plans to suit different needs and budgets, as well as ultra-low margins on popular contracts. The brand's award-winning charting software and trading platform also offers a high-degree of customization and superb technical analysis features.
Pros
Access a range of US stocks, options, bonds and mutual funds, plus extended hours trading available from 4am to 8pm EST
Two powerful platforms with level 1 price data, live news streams, advanced charting and more
Heavily regulated in the US by FINRA, plus SIPC compensation coverage up to $500,000
Competitive fees at $0.0009 per share and $0.25 per options contract
Reliable 24/7 customer support via live chat, telephone and email
Multiple routing options
Short selling aids
NinjaTrader continues to deliver comprehensive charting software for active traders with bespoke technical indicators and widgets
NinjaTrader is a widely respected and award-winning futures broker and is heavily authorized by the NFA and CFTC
Low fees are offered, with $50 trading margins & commissions from $.09 per micro contract
Traders can get free platform access and trade simulation capabilities in the unlimited demo
You can get thousands of add-ons and applications from developers in 150+ countries
Cons
Only US stocks available, with no forex, commodities or cryptos
Not suitable for beginners with a $30,000 minimum deposit
Mobile trading is limited to iPhone and iPad users
Demo account valid for 14 days only
$30 inactivity fee every quarter
$35 withdrawal fee
No APIs
There is a withdrawal fee on some funding methods
The premium platform tools come with an extra charge
Non forex and futures trading requires signing up with partner brokers
NinjaTraders supports the trading of popular currencies including the EUR/USD. The software also offers advanced features to streamline the trading experience, including complex order types like market if touched (MIT) and one cancels other (OCO).
Assets
50+
GBPUSD Spread
1.6
EURUSD Spread
1.3
EURGBP Spread
1.6
Cryptocurrency
You can get exposure to micro Bitcoin futures through the CME Group’s centralized exchange, which is highly regulated by the US CFTC. Micro contracts allow you to trade a fractional size of one Bitcoin, giving you more risk control and order flexibility.