NinjaTrader vs Saxo Bank

NinjaTrader vs Saxo Bank Comparison Table 2023
NinjaTrader Review 2023	Saxo Bank Review 2023
Review 4.5 NinjaTrader is #3 in our broker rankings.	Review 4
Traders from US accepted	Traders from US not accepted See available 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.	Saxo is a multi-award-winning trading brokerage, investment firm and regulated bank. With a huge 72,000+ trading instruments, plus investment products and managed portfolios, clients have no shortage of opportunities. The trusted brand also offers transparent pricing and top-tier regulatory protection from 10+ agencies including FINMA, FCA & ASIC.
	66% of retail accounts lose money.
Comment by Reviewer
"We recommend NinjaTrader for high-volume futures traders looking for low fees and premium analysis tools."	"Saxo is best for active traders and advanced investors with an unrivalled selection of instruments alongside premium market research and fee rebates. The 190 currency pairs with tight spreads also make Saxo great for forex traders."
Pros
Excellent trading software for active users with bespoke widgets and indicators Low fees with $50 day trading margins & commissions from $.09 per micro contract Thousands of add-ons and applications from developers in 150+ countries Widely respected and heavily authorized by the NFA and CFTC Free platform access and trade simulation capabilities Industry-leading futures broker with multiple awards Easy account opening that takes a few minutes	Powerful proprietary trading platforms with comprehensive charting packages and advanced analysis tools High-level research hub with curated market reports, plus unique insights with 'Outrageous Predictions' Excellent educational resources including podcasts, webinars and expert-led video insights Access to comprehensive third-party analysis tools including TradingView and Updata Highly accessible and flexible ISA account with no entry or exit fees Heavily regulated and trustworthy brand based in Switzerland Low fees with premium account tiers
Cons
Withdrawal fee on some funding methods Premium platform tools come with an extra charge Non forex and futures trading requires signing up with partner brokers	High deposit requirements for trading accounts Access to Level 2 pricing requires a subscription Clients from some jurisdictions not accepted including the US and Belgium
Awards
2021 Benzinga Global Fintech Awards
Instruments
Forex, Stocks, Options, Commodities, Futures, Crypto	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Futures, Options, Warrants, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$50
Trading Platforms
eSignal	TradingView
Payment Methods
ACH Transfer Debit Card Wire Transfer	Credit Card JCB Card Mastercard TransferWise Visa Wire Transfer
Minimum Trade
0.01 Lots	Variable
Regulator
NFA, CFTC	FCA, DFSA, MAS, SFC
Margin Trading
Yes	Yes
STP Account
No	No
ECN Account
No	Yes
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
iOS & Android	SaxoTraderGo (iOS, Android, Windows)
Auto Trading
Yes	Excel Automation via OpenAPI
Copy Trading
No	No
Social Trading
No	No
Trade Signals
Yes	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	Yes
Account Currencies
USD	USD EUR GBP CAD AUD JPY SEK DKK CHF
Stock Exchanges
Chicago Mercantile Exchange New York Stock Exchange	London Stock Exchange New York Stock Exchange S&P 500 Shenzhen Stock Exchange Toronto Stock Exchange
Commodities
Oil	Copper Corn Gold Natural Gas Oil Silver
CFD Trading
CFD trading not offered	Saxo Bank offers a secure and reliable way to trade 8,800+ CFDs spanning forex, stocks, indices, commodities, options and bonds. The broker's extra features include a trading academy, powerful charting and analytical tools and trading signals, helping it stand out from many alternatives.
Leverage
1:50	1:30 (Retail), 1:66 (Pro)
FTSE Spread
	1.2 pts (Variable)
GBPUSD Spread
	0.7 (var)
Oil Spread
	0.03
Stocks Spread
	0.10% (subject to min commission)
Forex Trading
NinjaTrader supports the trading of popular currencies including the EUR/USD. The trading software also offers unique features tailored to forex trading, including specific order and market windows.	With around 190 forex pairs and spot metals, 140 forwards, top-tier liquidity, fast execution and spreads from near zero, Saxo Bank offers exceptional flexibility and value to forex traders. Advanced charting from TradingView is another plus for active forex traders.
GBPUSD Spread
1.6	0.7 (varies by region)
EURUSD Spread
1.3	0.2 (varies by region)
EURGBP Spread
1.6	0.6 (varies by region)
Assets
50+	40+
Cryptocurrency
Trade micro Bitcoin futures with low fees and leading charting tools. Get exposure to Bitcoin through CME Group's centralized exchange with robust risk management tools.	Saxo Bank offers BTC, ETH and LTC in CFD pairs against USD, EUR and JPY for shorter-term trades, as well as 12 funds tracking popular cryptocurrency price movements for longer-term trades.
Spread
Floating	Variable
Coins
BTC	BTC ETH LTC XRP XTZ SOL ADA DOT
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
	66% of retail accounts lose money.
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