The popular futures trading platform, Ninjatrader has announced the improvement of its platform. Forex traders can now access the spot FX markets directly via the ninjatrader platform through their Ninjatrader brokerage trading account. The improved platform also allows traders the ability to connect to various futures brokerage accounts of personal choice, although these accounts should be from the list of accredited partners of Ninjatrader.
Being a widely used platform for retails futures trading, the addition service of full spot FX trading features is likely to make it even more popular. Undoubtedly, it creates a means of diversification for current users of Ninjatrader, whilst the brokerage presents itself as a new attraction for users of other platforms.
Ninjatrader group’s acquisition of Mirus Furtures last year served as a foundation upon which the company developed to launch NinjaTrader Brokerage for its futures traders.
Mr. Eliot Wickersheimer, EVP of Brokerage Operations expressed his satisfaction and benefit for the firm in the following statement: “Adding the foreign exchange markets to our existing futures brokerage services will not only appeal to current forex traders, but also provides a diversification opportunity for futures traders currently trading with NinjaTrader Brokerage, The capability to trade both asset classes through a single platform with a one central point of contact for all support and account inquiries appeals to a large segment our clients and we are excited to deliver on their requests for direct access to the forex market.”
Ninjatrader launches proprietary FX brokerage platform, which is basically operating as an Introducing Broker of FXCM for its FX trading. It is expected to provide a discount to NinjaTrader clients through tight spreads and discount commissions: "as low as $.04 per 1K lot for the major currency pairs." The company assures its clients that existing forex traders with live trading accounts at other brokers have nothing to worry about, since all other operations remain the same.