NinjaTrader Brokerage Services (www.ninjatraderbrokerage.com) - Reviews of Brokers and Data Feeds | futures io social day trading
futures io futures trading


NinjaTrader Brokerage Services (www.ninjatraderbrokerage.com)
Updated: Views / Replies:166,201 / 689
Created: by NinjaTrader Attachments:11

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 11  
 
Thread Tools Search this Thread
 

NinjaTrader Brokerage Services (www.ninjatraderbrokerage.com)

  #661 (permalink)
Elite Member
California
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: Index Futures
 
Haverchuck's Avatar
 
Posts: 105 since Jul 2009
Thanks: 76 given, 78 received


Christophe View Post
I have just received my credentials overnight for Ninjatrader with Phillip Capital.

And I am utterly shocked by the state of admin interface and the total lake of administrative options.

I am at a point that I am considering withdrawing my funds without making any trades.

I am not confident in leaving my fund in the hands of firm with a website that looks like it hasn't been updated since 1995.
Saving 10-20c (compared to IB) a trade doesn't seem that important anymore.

@NinjaTrader if you are reading this, what were you thinking?

Just out of curiosity, are you referring to Phillip's client portal or something else?

Reply With Quote
 
  #662 (permalink)
Elite Member
Sydney Australia
 
Futures Experience: Beginner
Platform: Ninja Trader
Favorite Futures: CL, ES, AUD/USD
 
Posts: 48 since Apr 2013
Thanks: 25 given, 28 received


Haverchuck View Post
Just out of curiosity, are you referring to Phillip's client portal or something else?

Yes.

And to top this up, NT brokerage isn't really fast to reply to emails.

Sent using the futures.io mobile app


Last edited by Christophe; January 18th, 2017 at 04:40 PM.
Reply With Quote
 
  #663 (permalink)
Elite Member
Reno, Nevada
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: ZN, ZB, FDAX
 
phantomtrader's Avatar
 
Posts: 158 since May 2011
Thanks: 13 given, 226 received

Ninja Brokerage vs TopStep Rithmic datafeed


I've noticed something very curious during my Combine experience - my trades on the Rithmic datafeed are filled very fast - the exact same trade on my live account with Ninja sit and never fill at the same time - they are consistently late on fills.
Not sure if this is the right thread to ask the question, but has anyone else noticed anything similar with other datafeeds?

I'm really questioning Ninja Continuum now - I just took a trade on the ZB a few minutes ago - Rithmic filled the profit target; Ninja did not. I had to cancel the Ninja trade for a 1 tick loss.

Again, this is a consistent observation. If this is the wrong area to post, let me know.

Thanks for any input.

Reply With Quote
The following user says Thank You to phantomtrader for this post:
 
  #664 (permalink)
Market Wizard
Sarasota FL
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES
 
Posts: 3,615 since Jan 2013
Thanks: 26,658 given, 11,040 received


phantomtrader View Post
I've noticed something very curious during my Combine experience - my trades on the Rithmic datafeed are filled very fast - the exact same trade on my live account with Ninja sit and never fill at the same time - they are consistently late on fills.
Not sure if this is the right thread to ask the question, but has anyone else noticed anything similar with other datafeeds?

I'm really questioning Ninja Continuum now - I just took a trade on the ZB a few minutes ago - Rithmic filled the profit target; Ninja did not. I had to cancel the Ninja trade for a 1 tick loss.

Again, this is a consistent observation. If this is the wrong area to post, let me know.

Thanks for any input.

The difference between a SIM "fill" and a real fill is likely it.

The TST trade is using the Rithmic simulation server, rather than going to the exchange. It may or may not be generally close to a real in-the-market fill, but it can't be identical, because you aren't actually getting a match to a real order on the opposite side. (Two live executions wouldn't be identical either of course, since you would be getting a match to different orders , but the difference of live vs. SIM is probably going to be greater and more consistent.)

This is a common SIM vs. live issue. I doubt if it's important if you are aiming for larger moves and don't need to care about a tick or two, but if your timeframe is tight, and especially if you are using limit orders, it may be. Always something to be aware of in a non-live situation.

Bob.

Reply With Quote
 
  #665 (permalink)
Elite Member
Reno, Nevada
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: ZN, ZB, FDAX
 
phantomtrader's Avatar
 
Posts: 158 since May 2011
Thanks: 13 given, 226 received


bobwest View Post
The difference between a SIM "fill" and a real fill is likely it.

The TST trade is using the Rithmic simulation server, rather than going to the exchange. It may or may not be generally close to a real in-the-market fill, but it can't be identical, because you aren't actually getting a match to a real order on the opposite side. (Two live executions wouldn't be identical either of course, since you would be getting a match to different orders , but the difference of live vs. SIM is probably going to be greater and more consistent.)

This is a common SIM vs. live issue. I doubt if it's important if you are aiming for larger moves and don't need to care about a tick or two, but if your timeframe is tight, and especially if you are using limit orders, it may be. Always something to be aware of in a non-live situation.

Bob.

Thanks Bob. You're probably right. I scalp Jigsaw so the fills are important.

Reply With Quote
 
  #666 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES
 
NinjaTrader's Avatar
 
Posts: 1,258 since May 2010
Thanks: 153 given, 1,889 received


phantomtrader View Post
I've noticed something very curious during my Combine experience - my trades on the Rithmic datafeed are filled very fast - the exact same trade on my live account with Ninja sit and never fill at the same time - they are consistently late on fills.
Not sure if this is the right thread to ask the question, but has anyone else noticed anything similar with other datafeeds?

I'm really questioning Ninja Continuum now - I just took a trade on the ZB a few minutes ago - Rithmic filled the profit target; Ninja did not. I had to cancel the Ninja trade for a 1 tick loss.

Again, this is a consistent observation. If this is the wrong area to post, let me know.

Thanks for any input.

It's not Ninja or Continuum that did not fill it...it is the exchange (market) that determines when your limit order gets filled. That is reality, simulation is an attempt to "simulate" reality.

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.
Reply With Quote
The following 3 users say Thank You to NinjaTrader for this post:
 
  #667 (permalink)
Elite Member
Sydney Australia
 
Futures Experience: Beginner
Platform: Ninja Trader
Favorite Futures: CL, ES, AUD/USD
 
Posts: 48 since Apr 2013
Thanks: 25 given, 28 received

Decided to close my account before doing my first trade

As mentioned in my post several days ago, my first impression of Ninjatrader Brokerage (with Philip capital) wasn't good at all and I was seriously considering closing my account before doing a single trade.
I wanted a second broker to spread the risk and to be able to trade more than one strategy per instrument.

The team at Ninjatrader continued to disappoint in the following days.
I have since decided to close my NT brokerage account and instead open a secondary account with Interactive brokers.

Here's in a few bullet points why I made my decision :
  • The 24 hours phone line is only for emergency.
  • Any other queries have to be dealt by email during US business hours. I live in Australia, which mean any query get answered while I sleep. None of my request were solved with just one email which mean it would take several days to accomplish anything.
  • There's no clear welcome pack or instruction. You need to find most information by yourself or ask by email if it can't be found on their website.
  • NT Brokerage isn't a broker, but rather a partnership with existing brokers.The integration isn't great and was clearly apparent when I replied to an automatic email from Phillip. Their reply (within 24 hours) was to directly email NT brokerage.
  • Fund withdrawals are done through a form on a public page. Once submitted,you do not get any receipt by email. Instead you are presented with a popup (without any kind of reference number) saying you will get email once the withdrawal has been processed.
  • I have submitted a withdrawal request more than 24 hours ago. The fund are still in the account and I haven't received any email. I have submitted another request as a result. (had to retype all my bank details). Hopefully it will not be another 24 hours with no action.
  • The NT team failed to help with my connection problems. It was very frustrating to explain the issue and see that the next morning all they did was reset my password. (I clearly explained I was able to connect to phillip capital portal but not in NT7, so to me it was clear it wasn't a password issue)
  • USD is the only currency on the account. You need to manually do FX conversion yourself if you need to track profits and losses in your your home currency for your tax return.
  • Finally the $40 charged for every international withdrawal outweight most of the savings I'd make on commission when compared to IB. (I do around 100 trades each month and a withdraw every 2 months on average)

None of the above were an issue with Interactive Brokers.
I am now trading happily on my 2 IB accounts while still waiting for NT to close my account and withdraw my original deposit.

UPDATE : 2 hours after my second attempt to close the account I received an email form Phillip saying the funds were withdrawn. Hopefully It will reach my account within the next 24/48 hours.
If all goes well this little experiment with NT brokerage would have costed me $340. $300 for the NT multi broker license upgrade (Christmas special price), and $40 to withdraw my funds and close the account.

Hopefully my experience will be useful to some.

It's a shame that NT stopped supporting new brokers and instead pushed for their own partnership which turns out to be not that great. Hopefully @NinjaTrader will read this and improve on it.


Last edited by Christophe; January 31st, 2017 at 02:23 AM. Reason: Added bullet points and updates on withdrawall
Reply With Quote
The following user says Thank You to Christophe for this post:
 
  #668 (permalink)
Trading for Fun
Rybnik Polska
 
Futures Experience: Advanced
Platform: TWS
Favorite Futures: Futures
 
Posts: 105 since Aug 2015
Thanks: 18 given, 42 received

Your opinion is helpfull but... I bet that you will have the same experience with 90% ( only exept with introducers) of brokers today.They really dont care about trader who make less then 100 trades ... but per day.

Anyway,IB have no competition at all these day's - of course exept market data

Reply With Quote
 
  #669 (permalink)
Elite Member
Sydney Australia
 
Futures Experience: Beginner
Platform: Ninja Trader
Favorite Futures: CL, ES, AUD/USD
 
Posts: 48 since Apr 2013
Thanks: 25 given, 28 received

Good news, I finally received my fund from Phillip capital.

The bad news is I lost nearly 7% of my initial deposit in less than 3 weeks.

In short : I deposited AU$ 2000 on the 12/01/17. I was transferred back AU$ 1870.53 on the 31/01/17.

Taking in account currency fluctuations and the US$40 fee for international withdrawal it looks like I have been charged more than twice the amount I would have expected to pay.

No matter how hard I try, I cannot make sens of the final report. The labelling on the report is confusing. I do not understand the fees, adjustments, and why somehow the USD amount has increased during the 3 weeks. (I don't think Philips pay interest on deposits)
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

I am really loosing my mind over this.

Could someone make sens of the final report before I lodge an inquiry with NT brokerage?
I have also attached the funding report. (this one is easy to understand)
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
 
  #670 (permalink)
Elite Member
Sydney Australia
 
Futures Experience: Beginner
Platform: Ninja Trader
Favorite Futures: CL, ES, AUD/USD
 
Posts: 48 since Apr 2013
Thanks: 25 given, 28 received



Christophe View Post
Taking in account currency fluctuations and the US$40 fee for international withdrawal it looks like I have been charged more than twice the amount I would have expected to pay.

I received a partial explanation of the charges from NTB support. They charged me a $25 inactivity fee.
Very unfair considering that one of the reason I decided to close my account is that I wasn't able to connect NT7, therefor not able to make any trade.
Even their page mention that in my circonstances I shouldn't be charged :
Brokerage Account Management | NinjaTrader
Existing accounts that login to their trading solution but do not trade during the month will be assessed a $25 fee.


Even with that extra charge, the numbers do not add up.
I looked at the numbers one more time and it looks that they deducted US$55 to the balance in USD, converted to AUD, then deducted AU$55 to that amount.

I have requested further explanation and justification of the charges.

Even if it's in the end a small amount, this shouldn't be happening.

Reply With Quote

Reply



futures io > > > > NinjaTrader Brokerage Services (www.ninjatraderbrokerage.com)

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

Dec 7

Linda Bradford Raschke: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Ninjatrader & Cloud Services Zephyr NinjaTrader 5 May 12th, 2015 01:17 AM
Vision Financial Markets brokerage (www.visionfinancialmarkets.com) Michael.H Reviews of Brokers and Data Feeds 72 November 11th, 2014 09:50 PM
Webinar: NinjaTrader Brokerage and NinjaTrader 8 (NT8) discussion Big Mike NinjaTrader 8 July 2nd, 2014 09:17 PM
FuturePath Trading Brokerage (www.futurepathtrading.com) Big Mike Reviews of Brokers and Data Feeds 40 May 4th, 2014 07:43 PM
Alpha Trend Software Services? (www.alphatrendsoftware.com) bellair Trading Reviews and Vendors 4 June 29th, 2013 08:40 PM


All times are GMT -4. The time now is 10:54 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-11-22 in 0.08 seconds with 19 queries on phoenix via your IP 54.145.117.60