NinjaTrader vs Saxo Bank

NinjaTrader vs Saxo Bank Comparison Table 2023
NinjaTrader Review 2023 Saxo Bank Review 2023
4.5

NinjaTrader is #3 in our broker rankings.

4
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

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
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
Commodities
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
66% of retail accounts lose money.
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