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  #701 (permalink)
Tommip
Rybnik Polska
 
 
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I see.Even hedge funds use local brokerages - via API.Its only way to trade there.

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  #702 (permalink)
 forgiven 
Fletcher NC
 
Experience: Intermediate
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
Trading: ym es
 
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many folks that bought the lifetime platforms be for they become a broker has gotten the short end of the stick. Ninja trader should make this wright in some way. they have plenty of money to make things wright , thats not a problem. it should not take a class action suit for them to do the wright thing.

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  #703 (permalink)
 kevinkdog   is a Vendor
 
 
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forgiven View Post
many folks that bought the lifetime platforms be for they become a broker has gotten the short end of the stick. Ninja trader should make this wright in some way. they have plenty of money to make things wright , thats not a problem. it should not take a class action suit for them to do the wright thing.

What is the issue? People who had lifetime licenses before they added NinjaBrokerage can still pick from brokers not on the reduced list. Just last year, I started trading with a broker not on the "new" list - I could do this because I was grandfathered in - and things are working fine.

Can you explain, maybe I missed something?

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  #704 (permalink)
 forgiven 
Fletcher NC
 
Experience: Intermediate
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
Trading: ym es
 
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kevinkdog View Post
What is the issue? People who had lifetime licenses before they added NinjaBrokerage can still pick from brokers not on the reduced list. Just last year, I started trading with a broker not on the "new" list - I could do this because I was grandfathered in - and things are working fine.

Can you explain, maybe I missed something?

i did not see the list you referenced, when i ask AMP if i could used Ninja Trader they said no even if you bought the platform be for 2014. they told me it was on Ninja Trader. i just let it go and did not do a investagion. do not get the wrong idea ... i like ninja trader . i have used it from 2009. how ever if there going to roll back the brokers you can use over time , they need to sweeten up the people that bought the platform to be broker and data independant. or if other brokers are going to quit using the platform because there competors now the gradfathers need taken care of . i am sure you agree IF that does happen over time.

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  #705 (permalink)
 kevinkdog   is a Vendor
 
 
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forgiven View Post
i did not see the list you referenced, when i ask AMP if i could used Ninja Trader they said no even if you bought the platform be for 2014. they told me it was on Ninja Trader. i just let it go and did not do a investagion. do not get the wrong idea ... i like ninja trader . i have used it from 2009. how ever if there going to roll back the brokers you can use over time , they need to sweeten up the people that bought the platform to be broker and data independant. or if other brokers are going to quit using the platform because there competors now the gradfathers need taken care of . i am sure you agree IF that does happen over time.

If Amp told you no, that is a bummer. But you may be right, the grandfathering will eventually disappear...

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  #706 (permalink)
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forgiven View Post
i did not see the list you referenced, when i ask AMP if i could used Ninja Trader they said no even if you bought the platform be for 2014. they told me it was on Ninja Trader. i just let it go and did not do a investagion. do not get the wrong idea ... i like ninja trader . i have used it from 2009. how ever if there going to roll back the brokers you can use over time , they need to sweeten up the people that bought the platform to be broker and data independant. or if other brokers are going to quit using the platform because there competors now the gradfathers need taken care of . i am sure you agree IF that does happen over time.

If you have a lifetime license from 2009 you can use it at Amp.

Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
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  #707 (permalink)
 Obelixtrader 
Slovakia
 
Experience: Intermediate
Platform: Ninjatrader 8
Broker: Interactive Brokers
Trading: K200M,KOSDQ150
 
Posts: 208 since Aug 2009
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I ask AMP on elitetrader site and he told me if you bought your NT license before March 2015 - you can open account at AMP and continue to use NT.

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  #708 (permalink)
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Obelixtrader View Post
I ask AMP on elitetrader site and he told me if you bought your NT license before March 2015 - you can open account at AMP and continue to use NT.

That is correct for Lifetime license. For any other license, please check with NinjaTrader 1st.

Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
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  #709 (permalink)
 Koepisch 
@ Germany
 
Experience: Beginner
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: FDAX
 
Posts: 522 since Nov 2011
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Hi @NinjaTrader,

i'm getting the following errors. Are the historical data access currently denied due to the high volatility?

06.02.2018 16:38:15 Default CQG.Adapter.SubscribeMarketDataResolve: F.US.BP6.Z17 could not be resolved.

06.02.2018 16:38:06 Connection Unable to connect to NinjaTrader data server (HDS10.NinjaTrader.com/31654): Ein Verbindungsversuch ist fehlgeschlagen, da die Gegenstelle nach einer bestimmten Zeitspanne nicht richtig reagiert hat, oder die hergestellte Verbindung war fehlerhaft, da der verbundene Host nicht reagiert hat

Regards,
Koepisch

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  #710 (permalink)
 NinjaTrader  NinjaTrader is an official Site Sponsor
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Koepisch View Post
Hi @NinjaTrader,

i'm getting the following errors. Are the historical data access currently denied due to the high volatility?

06.02.2018 16:38:15 Default CQG.Adapter.SubscribeMarketDataResolve: F.US.BP6.Z17 could not be resolved.

06.02.2018 16:38:06 Connection Unable to connect to NinjaTrader data server (HDS10.NinjaTrader.com/31654): Ein Verbindungsversuch ist fehlgeschlagen, da die Gegenstelle nach einer bestimmten Zeitspanne nicht richtig reagiert hat, oder die hergestellte Verbindung war fehlerhaft, da der verbundene Host nicht reagiert hat

Regards,
Koepisch

No, all servers are fine. Please contact NinjaTrader support for further help on this specific issue as they are best qualified to help.

https://ninjatrader.com/Help

Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
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  #711 (permalink)
LaissezFaire
Oslo + Norway
 
 
Posts: 185 since May 2016
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Any news here? Anyone currently using NT + NT Brokerage and have experiences to share?

I opened an account with AMP. Haven't yet funded it, but will fund an account next week. I had kind of made up my mind about using AMP, but I'm having second thoughts and still consider Ninja + their brokerage since I'm so used to Ninja and would love to trade from it.

The ideal would be Ninja + AMP. And yes, I'd like to pay Ninja for a full license. But, they don't allow that option which is pretty odd to me.

Can't see how this is a good business model for them.

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  #712 (permalink)
 bobwest 
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
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LaissezFaire View Post
Any news here? Anyone currently using NT + NT Brokerage and have experiences to share?

I opened an account with AMP. Haven't yet funded it, but will fund an account next week. I had kind of made up my mind about using AMP, but I'm having second thoughts and still consider Ninja + their brokerage since I'm so used to Ninja and would love to trade from it.

The ideal would be Ninja + AMP. And yes, I'd like to pay Ninja for a full license. But, they don't allow that option which is pretty odd to me.

Can't see how this is a good business model for them.

NT used to be a platform only, connecting to many brokers. A few years ago, an IB (Introducing Broker) ran into some difficulties and NT bought into them, going into the brokerage business also. That's when they cut back on the brokers they provided the platform for -- since they were now in competition with them, there may have been some issues on either side about continuing the relationship. They still furnish it for some.

Also and separately, there were issues they had with AMP at the time that led them to sever the relationship. AMP users of the platform who were in at that time were grandfathered, but no new ones are allowed.

There have been many things written about AMP on FIO over the years. Aside from whatever went on between them and @NinjaTrader, they sued @Big Mike and this forum over some things some members posted and some actions Mike took (and they lost, resoundingly.) I make no comment about them -- I have no reason think they would not be a good broker for you, and many traders use them -- but if you are curious you might do a search on AMP in the Search box at the top right of every page, and see what comes up.

Bob.

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  #713 (permalink)
LaissezFaire
Oslo + Norway
 
 
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bobwest View Post
NT used to be a platform only, connecting to many brokers. A few years ago, an IB (Introducing Broker) ran into some difficulties and NT bought into them, going into the brokerage business also. That's when they cut back on the brokers they provided the platform for -- since they were now in competition with them, there may have been some issues on either side about continuing the relationship. They still furnish it for some.

Also and separately, there were issues they had with AMP at the time that led them to sever the relationship. AMP users of the platform who were in at that time were grandfathered, but no new ones are allowed.

There have been many things written about AMP on FIO over the years. Aside from whatever went on between them and @NinjaTrader, they sued @Big Mike and this forum over some things some members posted (and they lost, resoundingly.) I make no comment about them -- I have no reason think they would not be a good broker for you, and many traders use them -- but if you are curious you might do a search on AMP in the Search box at the top right of every page, and see what comes up.

Bob.

Hi, Bob,

Thank you for this comment. I was aware of some of this already, but certainly not everything you just said. I've done quite a few searches on both AMP and Ninja. Both seems to return both positives and negatives. Overall, AMP seems to turn out quite decent. Overall.

In comparison, I haven't read that many reviews on NT which is why I'm asking once again.

In the past, I used NT + Interactive Brokers. An option that's still available. However, IB's intraday margins are simply too high for me at these market levels and with this volatility.

Another selling point for AMP with an intraday trader like me is that they offer intraday margin until 15:55 and not 15:45 like Ninja. Also, I'd prefer a software that would be supported by multiple brokers. For futures trading, Ninja is basically offered only by IB and NT themselves. I hate to be tied down to only one broker.

But, in the end, I'd love to use Ninja, both for charting and execution.

Mind me asking what brokerage you're using? I see you use Ninja and trade ES? I also trade ES exclusively.

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  #714 (permalink)
 bobwest 
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
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LaissezFaire View Post
Hi, Bob,

Thank you for this comment. I was aware of some of this already, but certainly not everything you just said. I've done quite a few searches on both AMP and Ninja. Both seems to return both positives and negatives. Overall, AMP seems to turn out quite decent. Overall.

In comparison, I haven't read that many reviews on NT which is why I'm asking once again.

In the past, I used NT + Interactive Brokers. An option that's still available. However, IB's intraday margins are simply too high for me at these market levels and with this volatility.

Another selling point for AMP with an intraday trader like me is that they offer intraday margin until 15:55 and not 15:45 like Ninja. Also, I'd prefer a software that would be supported by multiple brokers. For futures trading, Ninja is basically offered only by IB and NT themselves. I hate to be tied down to only one broker.

But, in the end, I'd love to use Ninja, both for charting and execution.

Mind me asking what brokerage you're using? I see you use Ninja and trade ES? I also trade ES exclusively.

I have used AMP, and had no issues with them. I have and have had a few other accounts, including Topstep, which uses NT Brokerage. It was quite routine, no issues.

You can use SierraChart with AMP, and it is a good program once you get used to it. It is widely used by many brokers. I also do prefer NT, however.

I see many traders posting here who are with NT Brokerage, which I am sure you have as well, and it does not seem there are more issues than with any other broker (aside from margins, brokers have gotten pretty generic .) I would have no reluctance to use them, although I do agree with your point about preferring a platform that connects to many brokers.

Bob.

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  #715 (permalink)
LaissezFaire
Oslo + Norway
 
 
Posts: 185 since May 2016
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Thank you for your input, Bob.


bobwest View Post
You can use SierraChart with AMP, and it is a good program once you get used to it. It is widely used by many brokers. I also do prefer NT, however.

That was the plan if I went with AMP, but haven't yet decided.

I wish Ninja would rather 'open up' again and start offering their platform more widely. I can't understand if this is profitable for them or rather more profitable than offering the platform to whoever wants to pay for it.

They could still run their own brokerage, IMO. If their service is good, that's what matters.

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  #716 (permalink)
 phantomtrader 
Reno, Nevada
 
Experience: Advanced
Platform: NinjaTrader
Trading: ZN, ZB, CL
 
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@NinjaTrader

I went to the website and the margin information has disappeared. Why was it deleted? Thanks.

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  #717 (permalink)
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phantomtrader View Post
@NinjaTrader

I went to the website and the margin information has disappeared. Why was it deleted? Thanks.

We just pushed live an updated to our website. The margin information has been consolidated with itemized and all in commission rates.

Go here https://ninjatrader.com/Futures, scroll down and click on "View Commission" and on the modal window that pops up, click on View All-In Rates.

Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
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  #718 (permalink)
 jas12 
toronto canada
 
Experience: Intermediate
Platform: ib
Trading: option
 
Posts: 29 since Sep 2014
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hi I am in Canada
do you take Canadian customer or any brokage in canda tha tallow ninjatrader platform

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  #719 (permalink)
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jas12 View Post
hi I am in Canada
do you take Canadian customer or any brokage in canda tha tallow ninjatrader platform

I have private messaged you.

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  #720 (permalink)
 Comeback King 
Tampa, FL/USA
 
Experience: Intermediate
Platform: TradingView
Trading: NQ, ES
 
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I trade ES, CL and some YM. I also like to keep an eye on the cash indexes and market internals from the NYSE.

Is it possible for me to view and chart both data from CME and NYSE using Ninjatrader? I'm looking at NYSE data like up volume minus down volume, advancing minus declining issues, TICK, TRIN, VIX/VIXY.

Thanks

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  #721 (permalink)
 NinjaTrader  NinjaTrader is an official Site Sponsor
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Comeback King View Post
I trade ES, CL and some YM. I also like to keep an eye on the cash indexes and market internals from the NYSE.

Is it possible for me to view and chart both data from CME and NYSE using Ninjatrader? I'm looking at NYSE data like up volume minus down volume, advancing minus declining issues, TICK, TRIN, VIX/VIXY.

Thanks

Yes, this is possible within the NinjaTrader platform.

Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
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  #722 (permalink)
 teekay 
Tri State Area
 
Experience: Beginner
Platform: TOS, NT7
Trading: es cl
 
Posts: 29 since Mar 2018
Thanks: 9 given, 4 received

Same here man.. the commissions are crazy with TDA when scalping ES :|.... How are u laiking the NTB and PC combo? Do u feel your fills are quicker then with TDA?... i'm more concerned about the fills. Let me know, thanks!


blacksq View Post
Hey guys.

I've been trading with TDA for few years now. I started day trading futures recently and pay $300-500 for commissions on busy days, which is about 30% of my daily gains.

I'm considering NTB with Phillip Capital. PC looks much bigger firm than Dorman and does business internationally. Their website sucks tho. Can't believe in 2017 we get to see a website with a design from 1990s.

I read in earlier posts that Phillip Capital allows ACH transfers however when I emailed to NTB account services I was told that none of the brokerages support ACH since it's not secure (or smth like that)

Has anyone has experience with sending ACH transfer to Phillip Capital. On their website they say they have it, but on NTB withdrawal page we have an option for wires and checks. I wonder if we can directly send and withdraw via ACH from Phillip Capital not through NTB.

Anyone has any idea?
Also please share your experience with NTB and Phillip Capital or Dorman


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  #723 (permalink)
 TradingOgre 
Evans GA/USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage - Philip Capital
Trading: NQ,ES,6E,CL
 
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teekay View Post
Same here man.. the commissions are crazy with TDA when scalping ES :|.... How are u laiking the NTB and PC combo? Do u feel your fills are quicker then with TDA?... i'm more concerned about the fills. Let me know, thanks!

I have been using NTB with Phillip Capital for about 2 weeks now. I have only been using market orders (buy stop market, sell stop market, etc) and have had no lag in filling orders up to 5 contracts on NQ. Even early morning fills are quick. I have not traded ES as of yet but will in the future. Right now I am happy with the setup. I will update here if I get to trading more than 5 contracts.

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  #724 (permalink)
 teekay 
Tri State Area
 
Experience: Beginner
Platform: TOS, NT7
Trading: es cl
 
Posts: 29 since Mar 2018
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Excellent!... I was actually thinking all day today to switch to NTB. Although TDA did lower my futures commissions, I still pay more than NBT and the fills are super slow. Just the other day I watched my order just sit there at market for 30 sec and not get filled... I just need to try something else to get quicker fills.


TradingOgre View Post
I have been using NTB with Phillip Capital for about 2 weeks now. I have only been using market orders (buy stop market, sell stop market, etc) and have had no lag in filling orders up to 5 contracts on NQ. Even early morning fills are quick. I have not traded ES as of yet but will in the future. Right now I am happy with the setup. I will update here if I get to trading more than 5 contracts.


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  #725 (permalink)
 1973Hog 
Casselberry, FL
 
Experience: Advanced
Platform: NinjaTrader, ThinkorSwim
Broker: NinjaBroker
Trading: Emini YM
 
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nathanologist View Post
I traded PC and NTB for about a year. I mailed a check to open the account... that felt a little sketchy. Guy on the phone was like make out a check to NTB and mail it to me and we'll set up an account... but once it was set up, I was able to link the PC account to my capital one 360 checking account and transfer funds. FWIW. Possible but maybe not published or supported. Like if you can originate ACH from another account, it works, but PC and NTB have no real portal from which you can manage ACH from their side.


When I opened my futures account earlier this year, I was advised that I had to wire the funds and that they did not accept ACH transfers.

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  #726 (permalink)
 teekay 
Tri State Area
 
Experience: Beginner
Platform: TOS, NT7
Trading: es cl
 
Posts: 29 since Mar 2018
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1973Hog View Post
When I opened my futures account earlier this year, I was advised that I had to wire the funds and that they did not accept ACH transfers.

yes, it's the FCM thing... just wire (expensive ) and u will have the funds in the trading acct the same day

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  #727 (permalink)
 Fugitive69 
Austin, TX
 
Experience: Intermediate
Platform: NT8
Trading: EU, SP, Crude CL
 
Posts: 90 since Jul 2018
Thanks: 33 given, 102 received

I too am looking at a new account with Ninja Brokerage. While there is some helpful information on this thread (and a few other threads here) there isn't much in the way of solid information out there floating around from other outside sources. That makes me nervous.

The Ninja Brokerage website does contain some helpful information but it can be hard to find. There is no search function on their site, which makes me nervous.

And we all know how horribly the NinjaTrader forum is structured. Here again, there isn't much of a search function on their site, which makes me nervous.

I understand it is not unusual for a company to take the "splash" approach when constructing their websites. Splash up enough information to keep the search engines happy and then herd potential customers to a salesman, where he can back you into a corner and tell you how great he is. This is fairly common and it doesn't matter one whit if that particular approach makes me want to puke.

On the other hand, it is important to note that most users here on Futures.io use NinjaTrader.
61% of all threads are for NinjaTrader
12% TradeStation
And roughly 10% each for TOS, Sierra Charts and MultiCharts

Plus, I haven't noticed any unusually negative comments about Phillips Capital or Dorman, the two firms you must now chose from if opening a new Ninja Brokerage account. So while I might find their approach to websites and salesmen distasteful all that really matters in the end is whether or not they function to yours and my expectations. Apparently they do.

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  #728 (permalink)
 phantomtrader 
Reno, Nevada
 
Experience: Advanced
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I have huge gaps in overnight datafeed this morning - all instruments. Anyone else seeing this? Thanks.

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  #729 (permalink)
 Dasani 
United States of America
 
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phantomtrader View Post
I have huge gaps in overnight datafeed this morning - all instruments. Anyone else seeing this? Thanks.


Yeah, Ninja is not filling in back data this morning for some reason. Traders talking about it on the NT support forum.

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  #730 (permalink)
 TradingOgre 
Evans GA/USA
 
Experience: Intermediate
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Dasani View Post
Yeah, Ninja is not filling in back data this morning for some reason. Traders talking about it on the NT support forum.

I am not having any issues with mine. There was a gap down at open but nothing unusual.


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  #731 (permalink)
 Dasani 
United States of America
 
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NT support says they are looking into it. Probably depends on who you are getting back data from.

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  #732 (permalink)
 phantomtrader 
Reno, Nevada
 
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Seems to be okay now.

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  #733 (permalink)
 Dasani 
United States of America
 
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phantomtrader View Post
Seems to be okay now.

What did you do to get the back data working? Mine is still not filling in the back data.

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  #734 (permalink)
 Dasani 
United States of America
 
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Dasani View Post
What did you do to get the back data working? Mine is still not filling in the back data.


Okay, I closed NT and re-started. All is good.

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  #735 (permalink)
 Pistol101 
Chinchilla
 
Experience: Intermediate
Platform: NT7, NT8, MT5
Trading: ES, CL, 6E
 
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LaissezFaire View Post
Thanks, guys.

In the event of Ninjatrader freezing or a software crash - is there some backup interface/application/website where you can manage your orders or simply go flat?

When trading with Ninja through Interactive Brokers, I could always manage my orders at IB's TWS if anything happened (actually never did). I also had their mobile app as a third back-up.

I'm not sure if I would be comfortable with Ninjatrader being my only way to manage my live orders in case anything should happen during market hours.




There is a fix for this that works for me.

I run NT8 with a mountain of charts with a host of indicators and strategies some of which are quite heavy.
My computer is a top of line gaming system set up for multi-thread apps like NT8, however, at times especially during rapid price movement NT can't keep up and thus it occasionally crashes. Reloading is often a time consuming process and needless to say this is quite a disconcerting experience.

Solution:
1. Run NT7 on a separate computer (I use a high-end laptop that sits beside me).
2. Do not connect to your broker feed on NT7 unless and until NT8 goes down (however, i have had both NT7 & 8 running concurrently on separate systems on a live account and watched the orders placed on NT8 appear on the NT7 set up)
3. If and when NT8 crashes, connect your data feed / broker on NT7 (have Global Simulation mode deactivated to save time when connecting).
4. Open Chart Trader/SuperDom for the appropriate account and you should see your order there.

Test this in simulation first.
It has proven the fastest way for me to manage active orders/positions instead of waiting for NT8 to get going again.

It will be interesting to see what NT have to say on this.

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  #736 (permalink)
LaissezFaire
Oslo + Norway
 
 
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Pistol101 View Post
There is a fix for this that works for me.

I run NT8 with a mountain of charts with a host of indicators and strategies some of which are quite heavy.
My computer is a top of line gaming system set up for multi-thread apps like NT8, however, at times especially during rapid price movement NT can't keep up and thus it occasionally crashes. Reloading is often a time consuming process and needless to say this is quite a disconcerting experience.

Solution:
1. Run NT7 on a separate computer (I use a high-end laptop that sits beside me).
2. Do not connect to your broker feed on NT7 unless and until NT8 goes down (however, i have had both NT7 & 8 running concurrently on separate systems on a live account and watched the orders placed on NT8 appear on the NT7 set up)
3. If and when NT8 crashes, connect your data feed / broker on NT7 (have Global Simulation mode deactivated to save time when connecting).
4. Open Chart Trader/SuperDom for the appropriate account and you should see your order there.

Test this in simulation first.
It has proven the fastest way for me to manage active orders/positions instead of waiting for NT8 to get going again.

It will be interesting to see what NT have to say on this.

Thanks, Pistol!

That's indeed an interesting solution. Preferrably, we wouldn't have to worry about crashes, but regardless of that one should always have some kind of backup.

I'm curious though - how often do you run into trouble?

I have not noticed any problems on my end these last two weeks. But, it seems like what you're doing is far more computationally intensive than what I'm doing, although I have multiple tick charts and a few (custom) indicators.

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  #737 (permalink)
 Pistol101 
Chinchilla
 
Experience: Intermediate
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LaissezFaire View Post
Thanks, Pistol!

That's indeed an interesting solution. Preferrably, we wouldn't have to worry about crashes, but regardless of that one should always have some kind of backup.

I'm curious though - how often do you run into trouble?

I have not noticed any problems on my end these last two weeks. But, it seems like what you're doing is far more computationally intensive than what I'm doing, although I have multiple tick charts and a few (custom) indicators.

Hi LaissezFaire,

NT8 goes down sometimes twice a day. I cant really blame the software because its getting pushed beyond its limits. I run 5 x 29" monitors with 2 active charts on each with a few more charts off-screen for various markets. The charts are quite heavy with multiple indicators, strategies, market analysers and with constant testing too.

I'm considering the purchase of another system and run them side by side to split the workload.

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  #738 (permalink)
 Sazon 
Roswell, GA
 
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Pistol101 View Post
Hi LaissezFaire,

NT8 goes down sometimes twice a day. I cant really blame the software because its getting pushed beyond its limits. I run 5 x 29" monitors with 2 active charts on each with a few more charts off-screen for various markets. The charts are quite heavy with multiple indicators, strategies, market analysers and with constant testing too.

I'm considering the purchase of another system and run them side by side to split the workload.

You could also separately deploy cloud computing resources like Amazon Web Services.

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  #739 (permalink)
 sam028 
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Sazon View Post
You could also separately deploy cloud computing resources like Amazon Web Services.

With 5 29" monitor it will lag badly with AWS in RDP.

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  #740 (permalink)
 Sazon 
Roswell, GA
 
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sam028 View Post
With 5 29" monitor it will lag badly with AWS in RDP.

You're definitely the resident expert. I defer to @sam028

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  #741 (permalink)
LaissezFaire
Oslo + Norway
 
 
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Pistol101 View Post
Hi LaissezFaire,

NT8 goes down sometimes twice a day. I cant really blame the software because its getting pushed beyond its limits. I run 5 x 29" monitors with 2 active charts on each with a few more charts off-screen for various markets. The charts are quite heavy with multiple indicators, strategies, market analysers and with constant testing too.

I'm considering the purchase of another system and run them side by side to split the workload.

Wow. That's pretty bad.

Then again, you seem to indeed push the software beyond it's limit. I'd consider another system for sure. Good luck.

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  #742 (permalink)
 Obelixtrader 
Slovakia
 
Experience: Intermediate
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Hi,
@NinjaTrader do not think about changing commissions for e-micro currencies? From 0,53USD per side to 0,15USD?

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  #743 (permalink)
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Hi,
@NinjaTrader do not think about changing commissions for e-micro currencies? From 0,53USD per side to 0,15USD?

Our commissions are based on many factors, including costs, which remain static independent of the market the customer chooses to trade. This led us to offer the same low rates for all markets and not charge less for micros or more for larger contracts.

Risk Disclosure: Futures and forex trading involves significant risk of loss and is not appropriate for everyone.
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  #744 (permalink)
 Salao 
Legendary Market Wizard
Los Angeles CA
 
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TradingOgre View Post
I have been using NTB with Phillip Capital for about 2 weeks now. I have only been using market orders (buy stop market, sell stop market, etc) and have had no lag in filling orders up to 5 contracts on NQ. Even early morning fills are quick. I have not traded ES as of yet but will in the future. Right now I am happy with the setup. I will update here if I get to trading more than 5 contracts.

Hey TO how has your experience been with NTB and Phillip Capital? I'm looking into funding a brokerage account and was hoping to get some FIO reviews of Phillip Capital before I send them a bunch of money. Thanks in advance!

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  #745 (permalink)
 christhesquid 
Mesa, AZ
 
Experience: Intermediate
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NT Brokerage View Post
Our commissions are based on many factors, including costs, which remain static independent of the market the customer chooses to trade. This led us to offer the same low rates for all markets and not charge less for micros or more for larger contracts.

If I read that right: the MES will be $1.83 per side to trade if you hold a lifetime license to NinjaTrader (per this PDF: https://ninjatrader.com/PDF/ninjatrader_futures_commissions.pdf) which includes the cost of the data feed to Continuum?

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  #746 (permalink)
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If I read that right: the MES will be $1.83 per side to trade if you hold a lifetime license to NinjaTrader (per this PDF: https://ninjatrader.com/PDF/ninjatrader_futures_commissions.pdf) which includes the cost of the data feed to Continuum?

We will be updating the www.ninjatrader.com website with lower commission rates for all micro products as early as this afternoon but no later than Monday.

Risk Disclosure: Futures and forex trading involves significant risk of loss and is not appropriate for everyone.
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  #747 (permalink)
 MiniP 
Market Wizard
Columbus OHIO
 
Experience: Intermediate
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NT Brokerage View Post
We will be updating the www.ninjatrader.com website with lower commission rates for all micro products as early as this afternoon but no later than Monday.

what data package do you need for the micros? Same as NQ/ES??

-P

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  #748 (permalink)
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what data package do you need for the micros? Same as NQ/ES??

-P

There is no separate data package for micros. If you need additional information, please don't hesitate to reach out:
https://ninjatrader.com/Help or email us at brokeragesupport@ninjatrader.com.

Risk Disclosure: Futures and forex trading involves significant risk of loss and is not appropriate for everyone.
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  #749 (permalink)
 traderandreas 
Darwin/Australia
 
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How much will data feed cost to trade the emini micros such as the micro rty?

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  #750 (permalink)
 tr8er 
Europe
 
Experience: Advanced
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the micros are part of the CME (ES, NQ, RTY) or CBOT (YM) so you don't have to pay extra for it

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  #751 (permalink)
 traderandreas 
Darwin/Australia
 
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thanks for your response. RTY data fees for charting costs 25usd per month through ninjatrader. How much for the micros?

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  #752 (permalink)
 Leo123 
Pitea, BD, Sweden
 
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is this true, with ninja trader brokerage, and for example Dorman, you cant get the real NT8 version for free anymore, like it has always been with most of the brokers. Now its only the free edition which is very limited, no strategy, strategy builder / analyzer, no chart trader, not even an ATM??

You have to lease or buy the plattform... to get the real version.

?

If so, which other platforms do you guys use and recommend, and brokers?

Other platform vs. NT? pro and cons

possible to have a good fully function platform for free incl. free data with some brokers nowadays?

thanx

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  #753 (permalink)
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Leo123 View Post
is this true, with ninja trader brokerage, and for example Dorman, you cant get the real NT8 version for free anymore, like it has always been with most of the brokers. Now its only the free edition which is very limited, no strategy, strategy builder / analyzer, no chart trader, not even an ATM??

You have to lease or buy the plattform... to get the real version.

?

If so, which other platforms do you guys use and recommend, and brokers?

Other platform vs. NT? pro and cons

possible to have a good fully function platform for free incl. free data with some brokers nowadays?

thanx

The Free Live Trading Version (previously Direct Edition) has always been the free version since the inception of NinjaTrader Brokerage in 2014. If you lease or purchase a lifetime license, you get access to premium features and lower commission rates as detailed in the following webpage - https://ninjatrader.com/LicenseComparison

Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
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  #754 (permalink)
 captraker 
Chicago
 
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If I were to open a Ninjatrader Brokerage account with Dorman or Phillip, what data will I have access to right out of the gate? I think the futures trades are executed through Continuum (CQG), is that also where the real-time data comes from or would that be Kinetick? What about historical data, how far back does that go and what does it include?

Would I just get real-time data or would I also receive historical data? Would I get this data for all the futures contracts I can trade with Ninjatrader Brokerage? Do I need an additional market data subscription to get "more complete" historical market data? What about level II data?

I think I can also have an additional subscription to Kinetick to receive real-time/historical data for other markets, which is a monthly charge. Hypothetically, if real-time/historical data from Ninjatrader Brokerage is available and real-time/historical data is available through Kinetick, for the same futures contracts, would I benefit from having both sets of data?

I currently trade forex pairs through Forex.com, I want to do that on Ninjatrader. I want to be able to trade ES and 6E using level II market data. I want to use Ninjatrader to design trading systems and run back tests on these futures. Do I need more than a Ninjatrader Brokerage account and Ninjatrader 8 with a lifetime license to be able to do this?

I do understand that forex markets may or may not have level II data available, I'm not really worried about that. I do want to see level II data for futures contracts, either through Ninjatrader's Orderflow tool or a 3rd party order book app/plugin.

Thank you!

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  #755 (permalink)
 jpygbp 
Argyle Texas
 
Experience: Intermediate
Platform: NinjaTrader, Jigsaw
Broker: NT/Dorman, Oanda, ThinkorSwim
Trading: ES CL 6E MES ZB
 
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I have Dorman through NT and for 1 lot trade ES, I pay 2.11 Commission, 0.80 Clearing Fee, 1.56 Exchange fee, 0.04 NFA Fee.

$4.51 per lot

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captraker View Post
If I were to open a Ninjatrader Brokerage account with Dorman or Phillip, what data will I have access to right out of the gate? I think the futures trades are executed through Continuum (CQG), is that also where the real-time data comes from or would that be Kinetick? What about historical data, how far back does that go and what does it include?

Would I just get real-time data or would I also receive historical data? Would I get this data for all the futures contracts I can trade with Ninjatrader Brokerage? Do I need an additional market data subscription to get "more complete" historical market data? What about level II data?

I think I can also have an additional subscription to Kinetick to receive real-time/historical data for other markets, which is a monthly charge. Hypothetically, if real-time/historical data from Ninjatrader Brokerage is available and real-time/historical data is available through Kinetick, for the same futures contracts, would I benefit from having both sets of data?

I currently trade forex pairs through Forex.com, I want to do that on Ninjatrader. I want to be able to trade ES and 6E using level II market data. I want to use Ninjatrader to design trading systems and run back tests on these futures. Do I need more than a Ninjatrader Brokerage account and Ninjatrader 8 with a lifetime license to be able to do this?

I do understand that forex markets may or may not have level II data available, I'm not really worried about that. I do want to see level II data for futures contracts, either through Ninjatrader's Orderflow tool or a 3rd party order book app/plugin.

Thank you!

I sent you a PM to assist, since you have many questions that would be best suited for a phone call.

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  #757 (permalink)
 captraker 
Chicago
 
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captraker View Post
If I were to open a Ninjatrader Brokerage account with Dorman or Phillip, what data will I have access to right out of the gate? I think the futures trades are executed through Continuum (CQG), is that also where the real-time data comes from or would that be Kinetick? What about historical data, how far back does that go and what does it include?

Would I just get real-time data or would I also receive historical data? Would I get this data for all the futures contracts I can trade with Ninjatrader Brokerage? Do I need an additional market data subscription to get "more complete" historical market data? What about level II data?

I think I can also have an additional subscription to Kinetick to receive real-time/historical data for other markets, which is a monthly charge. Hypothetically, if real-time/historical data from Ninjatrader Brokerage is available and real-time/historical data is available through Kinetick, for the same futures contracts, would I benefit from having both sets of data?

I currently trade forex pairs through Forex.com, I want to do that on Ninjatrader. I want to be able to trade ES and 6E using level II market data. I want to use Ninjatrader to design trading systems and run back tests on these futures. Do I need more than a Ninjatrader Brokerage account and Ninjatrader 8 with a lifetime license to be able to do this?

I do understand that forex markets may or may not have level II data available, I'm not really worried about that. I do want to see level II data for futures contracts, either through Ninjatrader's Orderflow tool or a 3rd party order book app/plugin.

Thank you!

I will answer some of my own questions now that I have spoken with Ninjatrader, they were very helpful. Hopefully this is useful for others. Thanks!

Yes, I will have real-time and historical data via CQG when I open a brokerage account with Ninjatrader. I will pay a competitive monthly fee for this real-time/historical data, there are four data feeds that can be purchased. I can have all four for a reduced rate or each individually. These four feeds include data on everything (based on their spreadsheet of commission rates and all listed futures contracts) except ICE and Eurex, these two are significant monthly investment.

The data I receive will include level II, which is included with that competitive monthly fee.

The historical data goes back about 15 years.

I don't need a lifetime license to be able to trade my Ninjatrader Brokerage account and my Forex.com account at the same time on Ninjatrader. Having a lease or purchasing a lifetime license will advance you on their tier system, which then gives you access to more of Ninjatrader's tools, including the Orderflow tool which becomes available with the lifetime license.

Having an additional data feed for futures contracts on these markets would be redundant and unnecessary. Additional data feeds purchased through Kinetick or any other data provider that is compatible with Ninjatrader, would be for getting access to stock real-time/historical data or any other market you want to pipe into Ninjatrader.

Thanks again for the quick support Ninjatrader!

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  #758 (permalink)
Ty199
Joplin, Mo. Jasper
 
 
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I seen that NT has 2 CFms. Which one is preferred. I spoke with a rep and they sent me a link to sign up for a Futures account and it asked which one to choose. I have never dealt with any 3rd party brokers, TD is my broker and never been away from them. I have tried a few others like Tasty and First Trade and was just signing up with them was all that was needed. I want to make sure I have real time data and fast orders. I am wanting to trade on NT but use my TD platform as my charting since it is all set up for my trading, but then change over after being able to code up some indicators for NT. I just want to make sure the data is real and not off by a few seconds or have any extra slippage that is not needed. I just have heard many stories about some brokers that have been kinda shady on entries and exits to make a little extra on their end. Pretty much asking if NT is very good at staying honest and who is the best or most preferred CFM they have.

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  #759 (permalink)
 Alaskajeff 
Fairbanks, Alaska
 
Experience: Intermediate
Platform: Jigsaw, NinjaTrader 8
Broker: Amp, Ninjatrader
Trading: Eminis, bonds, gold, crude
 
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Posts: 18 since Dec 2016
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What irritates me about NinjaTrader brokerage is their inactivity fee. If you do not trade every month, you have to pay $25. Because of my work, I am sometimes not actively trading for several months. How is $25 going to impact their bottom line? This is the main reason I do not use them anymore.

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  #760 (permalink)
 Seahn 
New York, New Jersey/USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Futures
 
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Alaskajeff View Post
What irritates me about NinjaTrader brokerage is their inactivity fee. If you do not trade every month, you have to pay $25. Because of my work, I am sometimes not actively trading for several months. How is $25 going to impact their bottom line? This is the main reason I do not use them anymore.

All it takes to avoid the inactivity fee is one trade a month. If you where so inclined you could just take a trade for one tick. If you can't reliably make one tick most of the time maybe trading is not for you. Just saying.

Regards

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  #761 (permalink)
 Alaskajeff 
Fairbanks, Alaska
 
Experience: Intermediate
Platform: Jigsaw, NinjaTrader 8
Broker: Amp, Ninjatrader
Trading: Eminis, bonds, gold, crude
 
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Seahn View Post
All it takes to avoid the inactivity fee is one trade a month. If you where so inclined you could just take a trade for one tick. If you can't reliably make one tick most of the time maybe trading is not for you. Just saying.

Regards

My work takes me to areas of Alaska that does not have reliable internet access. Therefore, I am not able to trade every month. So even taking a trade for one tick is not possible. Spend some time in Alaska and you will see that the things most of you take for granted on a daily basis are not always readily available up here.

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  #762 (permalink)
 bchip 
Africa
 
Experience: Advanced
Platform: TradeStation
Trading: ES,YM,CL,GC
 
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Hi All

Not sure if this is right but its a bit disconcerting.
I've asked NinjaTrader broker service to do a broker to broker transfer (from Interactive Brokers to Ninja)
After 2 requests both times their support team comes back with a one liner


Thank you for your response.
There is not a way for us to make a request for funds to your brokerage account with Interactive Brokers.


I've been able to do this with TradeStation and TD Ameritrade. Its always the new broker that sends
the request to the old broker after filling something in.

Am I missing something?

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  #763 (permalink)
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bchip View Post
Hi All

Not sure if this is right but its a bit disconcerting.
I've asked NinjaTrader broker service to do a broker to broker transfer (from Interactive Brokers to Ninja)
After 2 requests both times their support team comes back with a one liner


Thank you for your response.
There is not a way for us to make a request for funds to your brokerage account with Interactive Brokers.


I've been able to do this with TradeStation and TD Ameritrade. Its always the new broker that sends
the request to the old broker after filling something in.

Am I missing something?

Apologies for an confusion on our part. NinjaTrader Brokerage does allow broker-to-broker transfers through both of our FCM partners. I will send you a PM to assist further.

Risk Disclosure: Futures and forex trading involves significant risk of loss and is not appropriate for everyone.
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  #764 (permalink)
 phantomtrader 
Reno, Nevada
 
Experience: Advanced
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Trading: ZN, ZB, CL
 
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Your brokerage is organized like a soup sandwich.

I was re-papering an old account. Sent in the paperwork last week. This morning I'm told that I would receive email with login information. Your rep also said that DORMAN HAD PROVIDED ALL REQUIRED INFORMATION FOR THE ACCOUNT TO LIVE. I received the email to reset password.

However, still cannot connect this platform. Called again - BTW your phone numbers are incorrect - takes about 20 minutes to finally get to new accounts - the yokel who answered didn't even know you had a new accounts dept and connected me to someone else - who also didn't know anything.

Finally get to new accounts and they're starting from ground zero - said they don't have information from DORMAN. Asked when I will be able to login to the platform: "Maybe in a few days".

The account was funded last Friday.

You have a lot of nasty people at your brokerage - not helpful, don't have a clue - and could care less.

If it wasn't funded already I would close the damn thing and go somewhere else. Still might do that.

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  #765 (permalink)
 Koepisch 
@ Germany
 
Experience: Beginner
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phantomtrader View Post
Your brokerage is organized like a soup sandwich.

I was re-papering an old account. Sent in the paperwork last week. This morning I'm told that I would receive email with login information. Your rep also said that DORMAN HAD PROVIDED ALL REQUIRED INFORMATION FOR THE ACCOUNT TO LIVE. I received the email to reset password.

...

You have a lot of nasty people at your brokerage - not helpful, don't have a clue - and could care less.

If it wasn't funded already I would close the damn thing and go somewhere else. Still might do that.

It's really a pain - i also had to go thru this a few times over the years. Nothing has changed - no collaboration at all, no invest in the backoffice structures, ascii statements, no customer focus. Next year i'm pleased to switch to an european broker with 5 times higher margin requirements and 6 Euro roundturn all-in fee. BUT with skilled people and customer care.

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  #766 (permalink)
 phantomtrader 
Reno, Nevada
 
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Koepisch View Post
It's really a pain - i also had to go thru this a few times over the years. Nothing has changed - no collaboration at all, no invest in the backoffice structures, ascii statements, no customer focus. Next year i'm pleased to switch to an european broker with 5 times higher margin requirements and 6 Euro roundturn all-in fee. BUT with skilled people and customer care.

Was just on the phone with them again - a girl in "new accounts" - nasty rude, talked over me - I recorded the call. I hope to hell she gets fired. Probably closing the account after all the hassle. These people should lose their brokerage license.

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  #767 (permalink)
 trepidation 
San Jose, California
 
Experience: Intermediate
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phantomtrader View Post
Was just on the phone with them again - a girl in "new accounts" - nasty rude, talked over me - I recorded the call. I hope to hell she gets fired. Probably closing the account after all the hassle. These people should lose their brokerage license.



Try sending an email. I dont doubt your story, but sometimes things can get hectic over the phone and they might need some time to coordinate paperwork and staff. Demanding an immediate solution can cause friction.

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  #768 (permalink)
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phantomtrader View Post
Your brokerage is organized like a soup sandwich.

I was re-papering an old account. Sent in the paperwork last week. This morning I'm told that I would receive email with login information. Your rep also said that DORMAN HAD PROVIDED ALL REQUIRED INFORMATION FOR THE ACCOUNT TO LIVE. I received the email to reset password.

However, still cannot connect this platform. Called again - BTW your phone numbers are incorrect - takes about 20 minutes to finally get to new accounts - the yokel who answered didn't even know you had a new accounts dept and connected me to someone else - who also didn't know anything.

Finally get to new accounts and they're starting from ground zero - said they don't have information from DORMAN. Asked when I will be able to login to the platform: "Maybe in a few days".

The account was funded last Friday.

You have a lot of nasty people at your brokerage - not helpful, don't have a clue - and could care less.

If it wasn't funded already I would close the damn thing and go somewhere else. Still might do that.

I'm sorry to hear about these issues. I sent you a PM to help assist and to learn more about your experience.

Risk Disclosure: Futures and forex trading involves significant risk of loss and is not appropriate for everyone.
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  #769 (permalink)
 learning0101 
Houston, Texas
 
Experience: Intermediate
Platform: NinjaTrader,TOS,Etrade,St
Broker: NT:( tos,etrade,CS
Trading: stocks,options,futures,forex
 
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Hi @NT Brokerage
any plans to include the new Small Exchange products through you?
https://www.thesmallexchange.com/
info to offer: https://smallexchange.com/member
TIA

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  #770 (permalink)
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learning0101 View Post
Hi @NT Brokerage
any plans to include the new Small Exchange products through you?
https://www.thesmallexchange.com/
info to offer: https://smallexchange.com/member
TIA

NinjaTrader always is looking at ways to innovate and provide access to desirable markets, but since the Small Exchange just launched, the management team felt it was best to approach cautiously.

Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
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  #771 (permalink)
 tracer888 
Ashburn, VA
 
Experience: Beginner
Platform: NT8, ThinkorSwim
Broker: TD Ameritrade (currently)
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@ninja my sales rep said the same, but mentioned that you wouldn't until more folks show interest. So..... what is the bar for that? Do X many people need to show interest, is it a length of time thing? Liquidity? Etc.... Essentially what ARE the barriers, what would deem it not viable and on the flip side, what deems it viable?

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tracer888 View Post
@ninja my sales rep said the same, but mentioned that you wouldn't until more folks show interest. So..... what is the bar for that? Do X many people need to show interest, is it a length of time thing? Liquidity? Etc.... Essentially what ARE the barriers, what would deem it not viable and on the flip side, what deems it viable?

Very good question, there is not a predefined formula that we use. We revisit items like this on regular intervals taking into account numerous data points sourced internally and externally against our current priorities and make a decision.

Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
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  #773 (permalink)
ApolloEleven
Mainz, Germany
 
 
Posts: 15 since Jan 2019
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If I open a NT-Brokerage Account and use the NT8-Free licence, am I able to trade my Sim101 Account with a ATM Strategy? As far as I found out yet it is not possible to use the ATM for Live-Trading if you are using the free licence, but can you use it for your local sim account?

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  #774 (permalink)
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ApolloEleven View Post
If I open a NT-Brokerage Account and use the NT8-Free licence, am I able to trade my Sim101 Account with a ATM Strategy? As far as I found out yet it is not possible to use the ATM for Live-Trading if you are using the free licence, but can you use it for your local sim account?

ATM Strategies are available for simulated trading if you are using a free simulation license key (starting with @SIM). However, NinjaTrader Brokerage free live license key will disable ATM Strategies for both live and simulated trading.

Risk Disclosure: Futures and forex trading involves significant risk of loss and is not appropriate for everyone.
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  #775 (permalink)
 sunshnpeg 
Greenville SC
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader
Trading: NQ, MNQ
 
Posts: 15 since Nov 2018
Thanks: 53 given, 6 received

When will NT allow deposits / withdrawals directly from personal bank accounts?

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  #776 (permalink)
 Dasani 
United States of America
 
Experience: Advanced
Platform: NinjaTrader
Broker: NinjaTrader
Trading: ES
 
Posts: 74 since Dec 2009
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sunshnpeg View Post
When will NT allow deposits / withdrawals directly from personal bank accounts?

How do you get your money out now? By check? Or?

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  #777 (permalink)
 sunshnpeg 
Greenville SC
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader
Trading: NQ, MNQ
 
Posts: 15 since Nov 2018
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Dasani View Post
How do you get your money out now? By check? Or?

I am just now turning the corner and seeing profits after a year of intense focus and learning. FIO has helped tremendously. So with that said, I haven't withdrawn, only deposited at NT.

With Phillip Capital, you can deposit by check and it will take almost 2 weeks to post. Or you can wire to Phillip Capital (in my case) for a bank fee. I also have Tradestation, and everything is built in there on one of their screens. You can withdraw and deposit overnight on their site once you have your accounts set up. TS makes NT look like the dark ages when it comes to money transfers. However, I prefer NT to TS for trading. Just my personal preference.

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  #778 (permalink)
 planetkill 
New York City + NY/United States
 
 
Posts: 240 since Sep 2018
Thanks: 90 given, 197 received

At one point Philips Capital said they accept ACH for deposits, but I tried and it ended up being sent back to me after a week. For withdrawals, if you submit the request by around 11am with wire, it will be posted in your bank account the next day. But it of course comes at a $30 fee.

Back when I was gambling harder, I made weekly withdrawals every Friday. $30 x 52 weeks is $1560. I rationalized it as a cost of the game.

I now also have an AMP account for trading HSI, and AMP offers free ACH for deposits and withdrawals.

One thing I'll give NT/Phillips is that wire deposits and withdrawals were always next day. Besides the fee, the actual service was perfect. Never a problem with money transfers.


sunshnpeg View Post
I am just now turning the corner and seeing profits after a year of intense focus and learning. FIO has helped tremendously. So with that said, I haven't withdrawn, only deposited at NT.

With Phillip Capital, you can deposit by check and it will take almost 2 weeks to post. Or you can wire to Phillip Capital (in my case) for a bank fee. I also have Tradestation, and everything is built in there on one of their screens. You can withdraw and deposit overnight on their site once you have your accounts set up. TS makes NT look like the dark ages when it comes to money transfers. However, I prefer NT to TS for trading. Just my personal preference.


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  #779 (permalink)
 sunshnpeg 
Greenville SC
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader
Trading: NQ, MNQ
 
Posts: 15 since Nov 2018
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planetkill View Post
At one point Philips Capital said they accept ACH for deposits, but I tried and it ended up being sent back to me after a week. For withdrawals, if you submit the request by around 11am with wire, it will be posted in your bank account the next day. But it of course comes at a $30 fee.

Back when I was gambling harder, I made weekly withdrawals every Friday. $30 x 52 weeks is $1560. I rationalized it as a cost of the game.

I now also have an AMP account for trading HSI, and AMP offers free ACH for deposits and withdrawals.

One thing I'll give NT/Phillips is that wire deposits and withdrawals were always next day. Besides the fee, the actual service was perfect. Never a problem with money transfers.

Planetkill, thanks for sharing. Good to know Phillip can be counted on. I went through the same as you with the ACH request. I was told by Phillip Capital that they have it, but NT is the holdup for allowing ACH transfers.

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  #780 (permalink)
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sunshnpeg View Post
When will NT allow deposits / withdrawals directly from personal bank accounts?

NinjaTrader Brokerage is in the process of releasing ACH services through Phillip Capital. We expect to provide this to all US customers through Phillip Capital very soon.

Risk Disclosure: Futures and forex trading involves significant risk of loss and is not appropriate for everyone.
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  #781 (permalink)
 planetkill 
New York City + NY/United States
 
 
Posts: 240 since Sep 2018
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Two weeks?
NT Brokerage View Post
NinjaTrader Brokerage is in the process of releasing ACH services through Phillip Capital. We expect to provide this to all US customers through Phillip Capital very soon.


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  #782 (permalink)
 sunshnpeg 
Greenville SC
 
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader
Trading: NQ, MNQ
 
Posts: 15 since Nov 2018
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NT Brokerage View Post
NinjaTrader Brokerage is in the process of releasing ACH services through Phillip Capital. We expect to provide this to all US customers through Phillip Capital very soon.

Thanks!

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  #783 (permalink)
 Traffic 
Le Mans
 
Experience: Beginner
Platform: NinjaTrader, MetaTrader
Trading: ES, forex
 
Posts: 10 since Aug 2009
Thanks: 6 given, 1 received


NT Brokerage View Post
NinjaTrader Brokerage is in the process of releasing ACH services through Phillip Capital. We expect to provide this to all US customers through Phillip Capital very soon.

I have recently opened an account with NinjaTrader Brokerage and Dorman Trading. Being based in the UK I am being killed in the exchange rate my bank is giving me, converting GBP to USD with a spread of 0.045. The same bank now has an ACH facility with no fees and excellent exchange rates. Will you be releasing ACH services through Dorman as well? I was advised to use Dorman because I am in the UK.

Cheers

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  #784 (permalink)
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Traffic View Post
I have recently opened an account with NinjaTrader Brokerage and Dorman Trading. Being based in the UK I am being killed in the exchange rate my bank is giving me, converting GBP to USD with a spread of 0.045. The same bank now has an ACH facility with no fees and excellent exchange rates. Will you be releasing ACH services through Dorman as well? I was advised to use Dorman because I am in the UK.

I sent you a PM for more information so we can investigate if that is a possibility.

Risk Disclosure: Futures and forex trading involves significant risk of loss and is not appropriate for everyone.
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 Traffic 
Le Mans
 
Experience: Beginner
Platform: NinjaTrader, MetaTrader
Trading: ES, forex
 
Posts: 10 since Aug 2009
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Thank you. I have replied to your message.

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  #786 (permalink)
balltrader
buffalo ny usa
 
 
Posts: 16 since Dec 2015
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Is Phillip Capital ACH only going to work with Plaid.com?

I will not proceed with this signup process after reading the terms of use from Plaid.

Plaid will have access to my bank account(s), and will continually harvest my banking transaction data, create a profile about me and use it to "estimate" my creditworthiness and need for financial services, and then use that data with their "partners" to clobber me with new marketing madness.

There are currently 2 class action lawsuits in SF, CA against Plaid over-reaching with their access and usage. This is one reason their 6.5 Billion dollar purchase by Visa in Jan has been put on hold.

I can imagine PCI only wanted a secure method to access customer's bank accounts for ACH transactions, but choosing Plaid is not an option for me.

Please keep us posted if there is an alternative.
Plaid_Lawsuit

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  #787 (permalink)
 Peter Ductor 
Philadelphia, PA
 
Experience: Beginner
Platform: Metatrader 4, NinjaTrader
Broker: Oanda, Forex.com
Trading: OTC Forex, Learning Futures
 
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Posts: 7 since Jan 2020
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Thank you Balltrader for posting!
Is there a response from Ninja Trader Brokerage that I am missing?
I am interested in opening an account but no ACH (Seriously?) or using Plaid?
August 11th post. August 23rd 4 AM - 12 days plus a few hours and no response?




balltrader View Post
Is Phillip Capital ACH only going to work with Plaid.com?

I will not proceed with this signup process after reading the terms of use from Plaid.

Plaid will have access to my bank account(s), and will continually harvest my banking transaction data, create a profile about me and use it to "estimate" my creditworthiness and need for financial services, and then use that data with their "partners" to clobber me with new marketing madness.

There are currently 2 class action lawsuits in SF, CA against Plaid over-reaching with their access and usage. This is one reason their 6.5 Billion dollar purchase by Visa in Jan has been put on hold.

I can imagine PCI only wanted a secure method to access customer's bank accounts for ACH transactions, but choosing Plaid is not an option for me.

Please keep us posted if there is an alternative.
Plaid_Lawsuit


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  #788 (permalink)
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Peter Ductor View Post
Thank you Balltrader for posting!
Is there a response from Ninja Trader Brokerage that I am missing?
I am interested in opening an account but no ACH (Seriously?) or using Plaid?
August 11th post. August 23rd 4 AM - 12 days plus a few hours and no response?

Phillip Capital inquired with Plaid about your concern and was told Plaid does not sell consumer data. Once a consumer links their account via Plaid with Phillip Capital, Phillip Capital is the only institution able to use their data. "Our End User Privacy Policy is meant to help consumers understand how we at Plaid collect, use, and share end user information in our possession to operate, improve, develop, and protect our services. " They did not directly address the contents of the article you provided.

As an Independent Introducing Broker, we rely on our FCM partners to provide the treasury functionality. At this time, both of our FCMs (Phillip Capital and Dorman Trading) have chosen Plaid for their ACH solution, however, customers can still wire funds or send checks as alternative options.

Risk Disclosure: Futures and forex trading involves significant risk of loss and is not appropriate for everyone.
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  #789 (permalink)
 Peter Ductor 
Philadelphia, PA
 
Experience: Beginner
Platform: Metatrader 4, NinjaTrader
Broker: Oanda, Forex.com
Trading: OTC Forex, Learning Futures
 
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NT Brokerage View Post
Phillip Capital inquired with Plaid about your concern and was told Plaid does not sell consumer data. Once a consumer links their account via Plaid with Phillip Capital, Phillip Capital is the only institution able to use their data. "Our End User Privacy Policy is meant to help consumers understand how we at Plaid collect, use, and share end user information in our possession to operate, improve, develop, and protect our services. " They did not directly address the contents of the article you provided.

As an Independent Introducing Broker, we rely on our FCM partners to provide the treasury functionality. At this time, both of our FCMs (Phillip Capital and Dorman Trading) have chosen Plaid for their ACH solution, however, customers can still wire funds or send checks as alternative options.

Thank you for responding. Reading enough of the Plaid End User Privacy Policy kindly linked in your post, the amount of information Plaid collects goes far beyond simply transferring money to/from my account and a brokerage account. They seem to be policing the contracted use of their services. They gather even more personal information than is on a full credit report. What does my credit worthiness as well as Login User Name, Password, Security Questions, ANSWERS to my security questions, deposit and withdrawal transaction history not just for the account used for the ACH transfer but any and all of my financial accounts with the same institution used for the ACH Transfer or OTHER financial institution(s) I have dealings with have to do with "It". That was a long run-on sentence, forgive me grammarians. The list of detailed information not only collected for a single ACH Transfer but the data collection seems to go beyond what is presented in the ACH Transaction to Plaid SEEKING additional personal data, email addresses, home address, employer name, address, etc. This is beyond ridiculous as well as disappointing Phillip Capital and Dorman Trading would expose it's customers in this way. I will not be using this service. And with many competitive options offering the convenience of no cost ACH transactions, it is doubtful, I would use Ninja Trader Brokerage services. But, hey, never say never.
Again, Ninja Trader Brokerage posting entity, thank you for responding. Take Care and Stay Safe!
Peter

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  #790 (permalink)
futures trader
san diego, ca USA
 
 
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NinjaTrader Brokerage is in the process of releasing ACH services through Phillip Capital. We expect to provide this to all US customers through Phillip Capital very soon.

Any update on when ACH transfers can occur with Phillp Capital and Ninjatrader Brokerage?

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  #791 (permalink)
LaissezFaire
Oslo + Norway
 
 
Posts: 185 since May 2016
Thanks: 182 given, 81 received

I'm a happy customer using NT8 + Dorman Trading, but, I'm not quite satisfied that the only thing that's available on Dorman's online portal is my daily statement in a PDF format. It seems a bit antiquated to only be able to receive a PDF in hindsight.

Meaning - there's no electronic portal where I can check my account value, current open positions, basic performance statistics, etc.

Is this possible with Phillip Capital?

Someone also said that Phillips have easier to read statements? Would love to see an example of one if someone doesn't mind to post one (just erase your name/account details).

I used to trade with NT + Interactive Brokers and really loved having a 2nd platform/web portal to check my account. IB is not an alternative longer due to high margins.

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  #792 (permalink)
 ostadler 
Munich, Germany
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Dorman/Rithmic
Trading: NQ, CC, ZN, ZB, ZF
 
Posts: 20 since Mar 2010
Thanks: 4 given, 5 received

Hi,

Im not sure why you want another portal for your account balance and open positions, this is all displayed via the broker datafeed in NT.
But I agree: Dormans statements are rather confusing to read.
Other than that I am extremely happy with NT brokerage and Dorman.

Best regards,
Oliver


LaissezFaire View Post
I'm a happy customer using NT8 + Dorman Trading, but, I'm not quite satisfied that the only thing that's available on Dorman's online portal is my daily statement in a PDF format. It seems a bit antiquated to only be able to receive a PDF in hindsight.

Meaning - there's no electronic portal where I can check my account value, current open positions, basic performance statistics, etc.

Is this possible with Phillip Capital?

Someone also said that Phillips have easier to read statements? Would love to see an example of one if someone doesn't mind to post one (just erase your name/account details).

I used to trade with NT + Interactive Brokers and really loved having a 2nd platform/web portal to check my account. IB is not an alternative longer due to high margins.


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  #793 (permalink)
LaissezFaire
Oslo + Norway
 
 
Posts: 185 since May 2016
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ostadler View Post
Hi,

Im not sure why you want another portal for your account balance and open positions, this is all displayed via the broker datafeed in NT.

Redundancy/back-up.

Basic performance statistics like daily, monthly and yearly % changes, etc. I think most other brokers offer this in 2020.

Besides, Ninja have clearly stated that the Trade Performance report is designed for a simulated account based tracking and not recommended for actual tracking of your account. So, having to rely on those poor PDFs only and with no possibillity of generating an Excel report even is just a tad too stone-age to me.

That said, I'm other wise very happy with NT and Dorman.

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  #794 (permalink)
patricia
Berlin Germany
 
 
Posts: 93 since Jul 2020
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I have Phillip Capital as my FCM and I'm satisfied. You can log-in to your account and retrieve various PDFs and also reports with statistics. The daily and monthly statement you receive via email is also very helpful. Those email reports come unencrypted but you can ask Phillip Capital that you wish to receive an encrypted email. After they set this up, all further emails with statements you receive from them are encrypted.

Hope this helps.
good luck and all the best!
Patricia

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 Big Mike 
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  #796 (permalink)
 learning0101 
Houston, Texas
 
Experience: Intermediate
Platform: NinjaTrader,TOS,Etrade,St
Broker: NT:( tos,etrade,CS
Trading: stocks,options,futures,forex
 
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Hi @NinjaTrader and @NT Brokerage just checking to see if this is the usual for someone interested in using Rithmic Data vs CQG when signing up for a new Brokerage account through you? Planning on using Phillip Capital.
Thanks in advance,

" Please be advised that all Rithmic accounts are currently set to higher intraday margins. (why does it matter your data feed as to margins? my account will be with Ninja Trader Brokerage??)
Dorman accounts are set to 20% of Initial Margin as listed on our margins sheet below.
Phillip Capital accounts are on full Exchange Initial Margin as listed on our margins sheet below.
Please be advised that approval to use Rithmic on your account is subject to evaluation and approval by our risk team.(Why?)
Your account should be funded at minimum with the Initial Margin for any products you will be trading.(does that mean as per the PDF I would need $1210.00 in my account to trade the MICRO E-MINI S&P500 futures?) as opposed to your ads saying $400.00 to open account and $50.00 day trade margins?
Click here to view margins.

https://ninjatrader.com/PDF/ninjatrader_futures_contract_details.pdf

Rithmic's Order Routing costs are $0.25 per contract (as opposed to CQG's $0.15 routing fee).
If you use Rithmic your account is subject to a $20 a month API fee.
This fee is reduced by $0.25 per contract traded within the calendar month. If the account trades at least 80 contracts (40 round turns) during the month, the $20 monthly fee will be waived.
Please note
Market internals are not available via Rithmic.
Eurex data is not available for clients clearing through Phillip Capital.
ICE EU data is not available via Rithmic.
Please confirm that you are OK with these charges, as well as the products you intend to trade, and we will review your request. "

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 NT Brokerage  NT Brokerage is an official Site Sponsor
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learning0101 View Post
Hi @NinjaTrader and @NT Brokerage just checking to see if this is the usual for someone interested in using Rithmic Data vs CQG when signing up for a new Brokerage account through you? Planning on using Phillip Capital.
Thanks in advance,

" Please be advised that all Rithmic accounts are currently set to higher intraday margins. (why does it matter your data feed as to margins? my account will be with Ninja Trader Brokerage??)
Dorman accounts are set to 20% of Initial Margin as listed on our margins sheet below.
Phillip Capital accounts are on full Exchange Initial Margin as listed on our margins sheet below.
Please be advised that approval to use Rithmic on your account is subject to evaluation and approval by our risk team.(Why?)
Your account should be funded at minimum with the Initial Margin for any products you will be trading.(does that mean as per the PDF I would need $1210.00 in my account to trade the MICRO E-MINI S&P500 futures?) as opposed to your ads saying $400.00 to open account and $50.00 day trade margins?
Click here to view margins.

https://ninjatrader.com/PDF/ninjatrader_futures_contract_details.pdf
"

To answer your question directly, yes, there is a difference in margins and costs when choosing data feeds.

Rithmic and CQG are different trading engines, and are 3rd party providers used by NinjaTrader, each with their own risk management tools. Additionally, we are dependent on our FCM partners (Dorman Trading and Phillip Capital) and the way risk is handled among those parties can somewhat vary. While we make every effort to standardize our offerings to clients, the variances you point out are necessary in order to properly manage risk.

If you would like to speak further about your trading so we can help you choose the best setup for your needs, please PM me and I can coordinate a call.

Risk Disclosure: Futures and forex trading involves significant risk of loss and is not appropriate for everyone.
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  #798 (permalink)
 pipandrun 
Krabi Thailand
 
Experience: Intermediate
Platform: NinjaTrader 8
Broker: NT, CQG
Trading: MES
 
Posts: 707 since Jul 2013
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NT Brokerage View Post
Phillip Capital inquired with Plaid about your concern and was told Plaid does not sell consumer data. Once a consumer links their account via Plaid with Phillip Capital, Phillip Capital is the only institution able to use their data. "Our End User Privacy Policy is meant to help consumers understand how we at Plaid collect, use, and share end user information in our possession to operate, improve, develop, and protect our services. " They did not directly address the contents of the article you provided.

As an Independent Introducing Broker, we rely on our FCM partners to provide the treasury functionality. At this time, both of our FCMs (Phillip Capital and Dorman Trading) have chosen Plaid for their ACH solution, however, customers can still wire funds or send checks as alternative options.

Why not work with Wise (former Transferwise)? For me as a trader it was the best solution as long as AMP worked with them. Best online currency rate change fees and no fees for transfers. It saved me a lot of money . They are fast and transparent. They have more than 10 millions customers. I am with them for 2 years and never had any problems. Not an option? Would make NT even more attractive compared to AMP.

Waiting, Discipline and Patience Pays!
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 NT Brokerage  NT Brokerage is an official Site Sponsor
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pipandrun View Post
Why not work with Wise (former Transferwise)? For me as a trader it was the best solution as long as AMP worked with them. Best online currency rate change fees and no fees for transfers. It saved me a lot of money . They are fast and transparent. They have more than 10 millions customers. I am with them for 2 years and never had any problems. Not an option? Would make NT even more attractive compared to AMP.

Hello,

Thanks for the inquiry.

As we have stated previously, we are currently dependent on our FCMs, Phillip Capital and Dorman Trading, for their treasury functions.

That said, we have raised this to our Head of Operations to fully investigate this option and determine if we may be able to offer this as a solution to our traders going forward.

Thanks again for the suggestion and feedback, it is truly appreciated.

Thank you,
NinjaTrader Brokerage

Risk Disclosure: Futures and forex trading involves significant risk of loss and is not appropriate for everyone.
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  #800 (permalink)
 pipandrun 
Krabi Thailand
 
Experience: Intermediate
Platform: NinjaTrader 8
Broker: NT, CQG
Trading: MES
 
Posts: 707 since Jul 2013
Thanks: 2,119 given, 1,205 received


NT Brokerage View Post
Hello,

Thanks for the inquiry.

As we have stated previously, we are currently dependent on our FCMs, Phillip Capital and Dorman Trading, for their treasury functions.

That said, we have raised this to our Head of Operations to fully investigate this option and determine if we may be able to offer this as a solution to our traders going forward.

Thanks again for the suggestion and feedback, it is truly appreciated.

Thank you,
NinjaTrader Brokerage

The good news is: you can go on working with Dorman and Philip for treasury functions! But working with Wise as a kind of bridge makes it much more easier and cheaper to fund and withdrawl for all traders, who don't have a bank account in the USA. AMP recently has cancelled their cooperation with Wise, because in easy words it would have been too much work for them. A good moment to use this arrogance for other brokers. Thanks!

Waiting, Discipline and Patience Pays!
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