Introduction
Ninja Trader is a popular trading platform used by many traders around the world. It is known for its advanced features and tools that help traders make informed decisions. One of the most important aspects of using Ninja Trader is understanding its pricing structure. In this guide, we will explore everything you need to know about Ninja Trader price in 2023.
Ninja Trader Licensing
Ninja Trader offers two types of licenses: a lifetime license and a lease license. The lifetime license costs $1,099 and allows you to use the platform indefinitely. The lease license costs $720 per year and requires you to renew your license every year.
Benefits of Lifetime License
The lifetime license is a one-time payment and provides you with access to all future updates and features of the platform. This means that you do not have to worry about paying for upgrades or renewing your license every year. Additionally, the lifetime license allows you to use Ninja Trader on multiple computers without any additional cost.
Benefits of Lease License
The lease license, on the other hand, may be a better option for traders who are just starting out or those who do not want to commit to a long-term investment. The lease license provides you with access to all the features of the platform for a year and allows you to renew your license on an annual basis. This means that you can always have access to the latest features and updates of the platform.
Ninja Trader Data Fees
In addition to the licensing fees, Ninja Trader also charges for data fees. These fees are charged based on the type of data that you require.
Market Data Fees
If you require market data, you will need to pay additional fees to receive this data. The fees for market data depend on the exchanges that you wish to receive data from.
Historical Data Fees
If you require historical data, you will need to pay additional fees to receive this data. The fees for historical data depend on the type and amount of data that you require.
Ninja Trader Platform Fees
In addition to the licensing and data fees, Ninja Trader also charges platform fees. These fees are charged based on the platform that you choose to use.
Ninja Trader 8 Platform Fees
The Ninja Trader 8 platform is the latest version of the platform and is the recommended platform for all traders. The platform fees for Ninja Trader 8 are included in the licensing fees.
Ninja Trader 7 Platform Fees
The Ninja Trader 7 platform is an older version of the platform and is still available for use. The platform fees for Ninja Trader 7 are $50 per month.
Conclusion
Understanding Ninja Trader price in 2023 is important for any trader who wishes to use the platform. The licensing fees, data fees, and platform fees all need to be considered when choosing which license to purchase and which data and platform to use. By understanding these fees, traders can make informed decisions and choose the best option for their trading needs.
