NinjaTrader Group, LLC has announced today the addition of FX trading to the services available through NinjaTrader Brokerage. Users of the popular platform can now access the FX market directly through a NinjaTrader Brokerage trading account.
The NinjaTrader platform is one of the most well-known platforms for retail futures traders. Launched in 2003, the platform was one of the first to begin offering traders the ability to build automated trading strategies for both professional programmers and non-coders alike.
Last year, the NinjaTrader Group acquired Mirus Futures and used its services to launch NinjaTrader Brokerage for its futures traders. Speaking with Finance Magnates at the time the company noted forex trading, which Mirus also offered, was coming soon.
Stocks to Watch This Week – Expedia Group, IncGo to article >>
“We are excited to expand our brokerage services offering with the addition of spot forex”, stated Raymond Deux Founder and CEO of NinjaTrader. “NinjaTrader users have continually recognized the advanced analysis and automation capabilities of the platform are an ideal fit for the highly liquid forex markets. Combined with our Ecosystem of over 450 partners and add-on applications, NinjaTraders’ extensibility allows FX trader’s to customize the platform to match their evolving requirements.”
NinjaTrader Brokerage will now officially operate as an Introducing Broker for FXCM for all new forex trading clients. The company says that this FXCM IB partnership will deliver savings to NinjaTrader clients through tight spreads and discount commissions “as low as $0.04 per 1K lot for the major currency pairs.”
“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,” stated Eliot Wickersheimer, EVP of Brokerage Operations. “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.”
The company reassures its clients that existing forex traders with live trading accounts at other brokers using the NinjaTrader platform do not have to make any changes to their current brokerage relationships.