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Ninjatrader vs. WeBull – A Detailed Comparison

Discover our detailed comparison of Ninjatrader and WeBull to help determine which is best for you. Whether you’re a seasoned trader or just starting out, choosing the right platform can significantly impact your trading experience. 

To make your research easier, we manually found key data for Ninjatrader and WeBull across the internet and compiled it all in this article. 

Overview of Ninjatrader

NinjaTrader is a futures trading platform known for its advanced charting, trade simulation, and market analysis tools, targeting active traders who require detailed technical analysis capabilities and automated trading strategies. NinjaTrader has extremely competitive commissions for futures contracts, but doesn’t support many other assets. There is also a minimum account activity fee, so you must trade at least once per month to avoid this $25 fee.

Overview of WeBull

WeBull is a commission-free online brokerage founded in 2017, aiming to provide investors with an accessible and user-friendly platform for trading stocks, options, ETFs, and cryptocurrencies. It gained popularity for investors who wanted a simple options trading app like Robinhood, but with a bit more advanced features.

Key Characteristics of Ninjatrader and WeBull

FeatureNinjatraderWeBull
Platform TypeFutures Brokerage PlatformBrokerage Platform
Tradeable AssetsFutures, Futures Options, ForexStocks, ETFs, Options, Index Options, Crypto
Charting FeaturesFree charting platform + premium charting option including volume profile and footprintDownloadable desktop platform, web app, and mobile app
DataReal-time data with funded accountReal-time data with funded account
Premium Pricing$99 per month or $1,499 lifetime for reduced commissionsNo premium features

Who is Ninjatrader Best For?

NinjaTrader is best for those specifically looking to trade futures. It has much lower futures commissions than the bigger brokers, but it does not directly support equity trading.

Who is WeBull Best For?

WeBull is best for traders who want a relatively simple trading platform but still have access to some advanced charting features. It offers a downloadable desktop trading platform on top of its mobile app and WebTrade platform. Additionally, it allows you to trade options commission-free, and index options with much lower fees than other well-established brokerages.

Trading Features and Tools

FeatureNinjatraderWeBull
DRIPNo equityYes, no fees
Margin TradingYesYes
InsuranceNot insuredSIPC Insured
Mobile AppYesYes

Trading Costs and Commissions Compared

Fee TypeNinjatraderWeBull
Equity CommissionNo equityFree
Option CommissionNo equity options$0, $0.55 per contract for index options
Futures Commission$1.29 per contract, $0.35 microNo futures
Futures Options CommissionNot specified, likely the same as regular futuresNo futures options
Option Exercise FeeNoneNone

Ninjatrader vs WeBull – Bottom Line

Choosing between Ninjatrader and WeBull depends on your specific trading needs, preferred trading tools, and the type of assets you’re interested in. 

Both platforms offer distinct advantages, but by considering the detailed comparison above, you can select the one that aligns best with your trading strategy and goals.

For more detailed reviews and comparisons, continue exploring our other articles on brokerage platform comparisons.

What is the Overall Best Charting Software?

I have reviewed and used nearly every trading platform available, and I believe that TradingView is the best overall charting software available. Here are some reasons why:

  • All of TradingView’s key features are free to use
  • TradingView provides real-time data for free whenever possible
  • You are not tied to a single broker and can use whichever you want while charting on TradingView
  • You can track all markets on a single platform, including stocks, ETFs, crypto, forex, and futures.
  • TradingView has an excellent economic calendar and various screeners

If you sign up for a TradingView account using my affiliate link, you can get a 30-day free trial of its premium features plus a $15 credit toward your subscription. However, signing up for a free trial is not required, and you can use nearly all of its features with a basic free account. You can read my full review of TradingView to learn more. 

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