ICM Brokers vs NinjaTrader

ICM Brokers vs NinjaTrader Comparison Table 2024
ICM Brokers NinjaTrader
1.5
4.5

ICM Brokers is a Vanuatu-based broker offering a range of markets including CFDs, forex, futures, and options. The broker does not hold any top-tier licenses and there is limited company information available online.

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.

Comment by Reviewer
"ICM Brokers could serve traders that are looking for fixed spreads, high leverage and willing to pay the $250 minimum deposit." "NinjaTrader continues to meet the demands of active futures traders looking for low fees and premium analysis tools. The platform hosts top-rate charting features including hundreds of indicators and 10+ chart types."
Pros
  • Daily technical analysis report on key markets, including EUR/USD and Dow Jones
  • Access to the renowned MetaTrader 4 platform with customizable charting tools
  • Integrated economic calendar for keeping up with market events
  • Highly leveraged trading up to 1:400
  • NinjaTrader continues to deliver comprehensive charting software for active day 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 day trading margins & commissions from $.09 per micro contract
  • Traders can get free platform access and trade simulation capabilities in the unlimited demo
  • You can get thousands of add-ons and applications from developers in 150+ countries
Cons
  • Uncompetitive fixed spreads and high commissions
  • Withdrawals must be made via request form
  • Offshore regulation reduces client safety
  • Limited range of trading instruments
  • Narrow range of funding methods
  • Slow customer support upon testing
  • 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
Awards
  • 2023 Benzinga Global Fintech Awards
Instruments
Forex, equity CFDs, precious metals, energies, futures Forex, Stocks, Options, Commodities, Futures, Crypto
Demo Account
Yes Yes
Minimum Deposit
$250 $0
Trading Platforms
  • MT4
  • NinjaTrader Desktop
  • Web & Mobile
  • eSignal
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
VFSC NFA, CFTC
Margin Trading
No Yes
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
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
Mobile Apps
Yes iOS & Android
Android App Rating
3.2
iOS App Rating
3
Auto Trading
Yes NinjaScript or via Automated Trading Interface
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$25
Islamic Account
No No
Account Currencies
  • USD
Stock Exchanges
Commodities
CFD Trading
CFDs are available to trade on the powerful MT4 platform with a free demo account to test out strategies. With that said, the demo is only available for 20 days, which is disappointing. CFD trading not offered
Leverage
1:400 (Retail), 1:100 (Pro) 1:50
FTSE Spread
3.5
GBPUSD Spread
3
Oil Spread
Floating
Stocks Spread
Variable
Forex Trading
Trade a small range of currency pairs with fixed spreads and high leverage up to 1:400. On the downside, fees are not the most competitive vs other brokers. NinjaTraders supports the trading of popular currencies including the EUR/USD. The software also offers advanced features to streamline the trading experience, including complex order types like market if touched (MIT) and one cancels other (OCO).
GBPUSD Spread
3 1.6
EURUSD Spread
2 1.3
EURGBP Spread
3 1.6
Assets
20+ 50+
Cryptocurrency
Crypto trading not offered 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.
Spread
Floating
Coins
  • BTC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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