NinjaTrader has added two new partners to its expanding ecosystem, OANDA, and City Index, providing a diversification opportunity for users currently trading forex with its flagship platform.
With their newly formed relationship, users of NinjaTrader’s trading software will have access to more FX brokerage service providers directly through a simple online registration process.
US-based NinjaTrader users now have the option of selecting OANDA as a Forex Dealer Member, in addition to FOREX.com, while traders based outside the United States can select City Index, which joins FXCM as an FDM option.
NinjaTrader officially operates as an introducing broker for several brokers and claims such partnerships deliver savings to its clients through tight spreads and discount commissions. NinjaTrader is available at over 100 brokerages worldwide and is promoted through offering free charting, analytics, system development, and trade simulation.
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In a press release from NinjaTrader, it was explained that “with low spreads and high-speed execution across all available forex providers, NinjaTrader users will receive consistent pricing along with industry-leading platform functionality and technical support.”
Launched in 2003, NinjaTrader provides a complete end-to-end platform serving manual and automated traders of futures, equities and forex markets. The platform offers dynamic analytic tools both natively and through its vast 3rd party partner ecosystem.
Raymond Deux, Founder and CEO of NinjaTrader commented: “Adding OANDA and City Index to our existing forex brokerage options further empowers our users to select the forex provider that best fits their needs.”
“Our professional grade charting package, advanced backtesting suite & forex-optimized Advanced Trade Management equip traders with unique tools that have previously been lacking in the forex software marketplace,” added Deux.