NinjaTrader vs NordFX

NinjaTrader or NordFX – which is better for UK traders 2024? Compare NinjaTrader and NordFX in this detailed breakdown of their platforms, features and fees.

NinjaTrader vs NordFX Comparison Table 2024
NinjaTrader NordFX
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4.5
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3.5
NinjaTrader is ranked #34 among UK brokers. NordFX is ranked #27 among CFD brokers.
NinjaTrader is a US-headquartered and regulated brokerage that specializes in futures trading. There are three pricing plans to suit different needs and budgets, as well as ultra-low margins on popular contracts. The brand's award-winning charting software and trading platform also offers a high-degree of customization and superb technical analysis features. Founded in 2008, NordFX is an offshore CFD broker offering forex, stock, commodities, indices and crypto trading to over 1.7 million clients in 190 countries. Traders access markets through the MetaTrader 4 platform and benefit from low commissions, spreads from zero and decent extra features. Minimum deposits start from just $10 and very high leverage is available up to 1:1000.
Pros
  • NinjaTrader continues to deliver comprehensive charting software for active traders with bespoke technical indicators and widgets
  • NinjaTrader is a widely respected and award-winning futures broker and is heavily authorized by the NFA and CFTC
  • Low fees are offered, with $50 trading margins & commissions from $.09 per micro contract
  • Traders can get free platform access and trade simulation capabilities in the unlimited demo
  • You can get thousands of add-ons and applications from developers in 150+ countries
  • NordFX continues to offer decent trading terms for seasoned traders in the Zero ECN account, with a reasonable $500 barrier for entry
  • The broker offers some extra features to enhance the trading experience, including in-depth market analysis and educational resources
  • The straightforward copy trading service will suit beginners or improving traders, with just a $100 minimum deposit to get started
  • There's an impressive 25+ payment methods, including local bank transfers, with zero fees and near-instant processing
  • There’s a good range of trading tools available, including a VPS, calculators, live signals and an economic calendar
  • The FIX and Pro accounts will serve beginners, with minimum deposits at $10 and $100, respectively
Cons
  • There is a withdrawal fee on some funding methods
  • The premium platform tools come with an extra charge
  • Non forex and futures trading requires signing up with partner brokers
  • Minimum spreads in the Standard account are 2 pips, which is wider than equivalent accounts at many competitors - Vantage, for example, offers minimum quotes from 1.1 pips
  • With only around 100 instruments, NordFX’s market coverage is uncompetitive vs most alternatives
  • The lack of strong regulatory oversight is a major concern as clients will receive limited safeguards
Awards
  • 2023 Benzinga Global Fintech Awards
  • Best Social Trading Network 2021 - Forex Awards
  • Best Affiliate Program 2021 - Forex Awards
  • Best Customer Support 2021 - Forex Traders Association
  • The Most Transparent Broker 2021 - World Forex Award
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
Forex, Stocks, Options, Commodities, Futures, Crypto Forex, CFDs, indices, commodities, cryptos, stocks
Demo Account
Yes Yes
Minimum Deposit
$0 $10
Payment Methods
Minimum Trade
0.01 Lots $1
Regulator
NFA, CFTC
Mobile Apps
iOS & Android iOS & Android
iOS App Rating
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3
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4.8
Android App Rating
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3.2
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4.4
Margin Trading
Yes Yes
MetaTrader 4
No Yes
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
Yes No
Trading Central
No No
STP Account
No No
ECN Account
No Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Auto Trading
NinjaScript or via Automated Trading Interface Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
Copy Trading Platform
You can copy the trades of experienced investors using real-time signals. You only pay a fee on winning trades, starting from 10%. New subscribers can also get started with a competitive $100 minimum deposit.
Social Trading
No Yes
Trade Signals
Yes Yes (via MetaQuotes Software Corp - MT4)
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$25
Islamic Account
No No
Account Currencies
  • USD
  • USD
Commodities
  • Oil
  • Oil
  • Silver
  • Gold
CFD
CFDs are available on forex, stocks, indices, metals, oil and cryptos, with support on MT4. Execution speeds are also decent, averaging 0.5 seconds, though there is also a VPS service facilitating 24/7 connectivity for algo strategies.
Leverage
1:50 1:1000
FTSE Spread
-
GBPUSD Spread<
From 0.1
Oil Spread
From 0.0
Stocks Spread
From 0.0
Forex
NinjaTraders supports the trading of popular currencies including the EUR/USD. The software also offers advanced features to streamline the trading experience, including complex order types like market if touched (MIT) and one cancels other (OCO). NordFX offers a modest range of 33 major and minor forex pairs. Disappointingly, there are no exotic pairs, though traders do benefit from tight spreads from 0.0 pips and low commissions from 0.0035% per side.
Assets
50+ 33
GBPUSD Spread
1.6 From 0.4
EURUSD Spread
1.3 From 0.0
EURGBP Spread
1.6 From 0.2
Cryptocurrency
You can get exposure to micro Bitcoin futures through the CME Group’s centralized exchange, which is highly regulated by the US CFTC. Micro contracts allow you to trade a fractional size of one Bitcoin, giving you more risk control and order flexibility. NordFX offers 13 leveraged cryptocurrency CFDs paired with USD, including BTC, DOGE, LINK and ETH. The selection is small, although high leverage up to 1:1000 is available and there’s also a crypto base currency savings account with daily interest payouts.
Spread
Floating From 1.0
Coins
  • BTC
  • BTC
  • ETH
  • DSH
  • BAB
  • BSV
  • XRP
  • ZEC
  • EOS
  • ETC
  • LTC
  • OMG
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
NinjaTrader NordFX
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