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NinjaTrader' s Ecosystem vetting vendors

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Membership Temporarily Revoked
San Diego, California
Trading Experience: Advanced
Platform: NinjaTrader, Multicharts
Broker/Data: Optimus/Amp - CQG/Rithmic/IQ
Favorite Futures: NQ,TF,YM,CL,Options
UmBillyCord's Avatar
Posts: 73 since Apr 2014
Thanks: 27 given, 69 received

Big Mike View Post
The average lifetime of a trader that purchases NT is around 4-6 months in the futures marketplace, I would venture...

Ok, I forgot the “selling the dream” model.

Using your numbers, they are dangling a reduced commission rate as bait to sell the lifetime license to people that will blow out their account and give up in a few short months. Since the license is non-transferrable it’s a win-win for them.

I am not aware of any other broker that is using this method. You either get a free, or greatly reduced, lease for using a platform with only their brokerage or your buy your platform outright and use any combination of brokers you wish to use.

Big Mike View Post
The free users (Sim) are the real drain on NT from a support perspective, not the lifetime customers.

They have created this environment. They promote vendors who know nothing about trading,
so what kind of a customer is that going to attract and create? If you are wrong fundamentals, you trade for a day and then stare at the screen for 21 days calling the ninja support 24/7.

I am sure the model of 1K works, but they are a brokerage now and should act like a brokerage. Show me ONE brokerage that charges a life time license for their software, sadly this also commits people mentally even if a better solution comes along.

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