Deriv vs NinjaTrader - Fees Review included
Which broker is better Deriv or NinjaTrader? Our expert assessment conducted according to TU’s own methodology showed that Deriv is one of the top brokers in the financial market with the TU Overall Score of 8.42 out of 10. NinjaTrader is one of the top brokers in the financial market with the TU Overall Score of 7.03 out of 10. Find out more about TU Overall Score.
| Feature | Deriv | NinjaTrader |
|---|---|---|
Overall |
1.5 |
3.9 |
1.5 |
4.3 |
|
1.7 |
4.4 |
|
1.6 |
4.2 |
|
Investment Instruments |
1.8 |
1 |
Platforms and Charting Tools |
1.4 |
4.3 |
Deposit and Withdrawal |
1.8 |
4.6 |
Research |
1.4 |
4.1 |
Education |
1.3 |
4.3 |
Support |
1.2 |
4.2 |
Bonuses |
1.3 |
1 |
|
|
Deriv vs NinjaTrader: Pros and Cons
Deriv is a brokerage company that started its activities in 1999. Deriv's mission is to make trading accessible. For this reason, the company has low minimum deposit requirements, but high-quality working conditions. DTrader is one of the broker's several proprietary trading platforms. Two others are DBot and DMT5. Deriv offers its clients to trade Forex assets, stocks, indices (including synthetic ones), CFDs, commodities, and options. Deriv is an international broker licensed and regulated by the following bodies: UK Financial Conduct Authority (FCA), Vanuatu Financial Services Commission (VFSC), Malta and Labuan Financial Services Authority (MFSA and Labuan FSA). The rights of traders are guarded by the Financial Commission, of which Derive is also a member.
Ninja Trader is a Forex broker that has been providing brokerage services in the derivatives and foreign exchange markets since 2003. The main specialization of the company is in the futures and futures options markets. The broker is a licensed company with domicile in the United States. Ninja Trader also has offices in Germany and the Netherlands, but these are more representative functions.
| Deriv | NinjaTrader | |
|---|---|---|
| Overall Pros | Low level of the minimum deposit. | availability of algorithmic trading using proprietary systems; there are more than 850 |
| A wide range of payment agents for replenishment of the deposit and withdrawal of earned funds. | Proprietary trading platform, which is one of the best products for trading in the derivatives markets (like MetaTrader 4 for Forex) | |
| Availability of trading instruments of different groups: currency pairs, stocks, indices, metals, etc. | 100+ indicators | |
| Broker regulation by several authorities from different countries. | Advanced chartign software | |
| Round-the-clock client support. | Advanced historical tick data | |
| Choice of three convenient trading platforms. | ||
| No commission for maintaining a trading account and using its platforms. | ||
| Overall Cons | The tutorials provided on the site may not be enough for novice traders. | high trading costs. In addition to the commission for the contract, there are exchange and regulatory fees, a fee to the trade provider (intermediary broker) |
| Deriv has only a few ways to contact support. | The initial deposit is from USD 400. But that amount has nothing to do with fees associated with the US stock market | |
| The broker does not serve clients from several countries, such as the USA, Canada, Malaysia, Israel, and others. | the broker is tailored exclusively for the US futures and options markets | |
| a deep understanding of the principles of the derivatives market and the rules for working with exchanges is required | ||
| Chat and phones contacts are missing |
Deriv vs NinjaTrader: Safety and Regulation
| Regulated By: | Deriv | NinjaTrader |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
VFSC, MFSA and Labuan FSA |
NFA |
Deriv vs NinjaTrader: Trading Conditions
| Trading Conditions | Deriv | NinjaTrader |
|---|---|---|
Minimum Deposit |
$10 |
For futures - $400, for Forex - $50 |
Trading Platforms |
Deriv MT5, Deriv X, DTrader, SmartTrader, DBot |
Ninjatrader |
Max Leverage (Futures) |
1-1000 |
None |
Supported Markets |
Currency pairs, cryptocurrencies, CFDs, indices, stocks, synthetic indices, commodities |
Derivatives market - instruments of exchanges CME, CBOT, NYMEX, COMEX, NYBOT, ICE US, ICE UK, EUREX |
Trading assets |
218+ |
100+ |
Trading Accounts |
Real account, demo account |
Futures account, Forex account, affiliates’ accounts |
Base Account Currencies |
Deriv MT5, Deriv X, DTrader, SmartTrader, DBot |
EUR, USD |
Deriv vs NinjaTrader: Fees
Forex Trading Fees
| Fee | Deriv | NinjaTrader |
|---|---|---|
Standard Account EURUSD Average Spread |
0.1 pips |
1.4 pip |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
Not supported |
ECN Account EUR Average Spread |
Not supported |
Not supported |
CFD Trading Fees
| Fee | Deriv | NinjaTrader |
|---|---|---|
CFD Trading Fee |
Floating spread |
Not supported |
Non-Trading Fees
| Fee | Deriv | NinjaTrader |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
ACH: Free; Incoming Check or Wires; No fee; Bounced Check: $30 |
Withdrawal Fee |
No |
ACH: 2 free per month, $15 per additional monthly withdrawal; Check: $7; Domestic Wire Transfer: $30; International Wire Transfer: 50 units of originating currency |
Inactivity Fee |
$25 charged every six months of inactivity |
$25 after 1 month of inactivity |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Deriv vs NinjaTrader: Trading Assets
| Asset Name | Deriv | NinjaTrader |
|---|---|---|
Overall |
218+ |
100+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
No |
Metals |
Yes |
No |
Cryptocurrencies |
Yes (CFD) |
No |
Energy |
Yes |
No |
Indices |
Yes |
No |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
Yes |
Binary Options |
No |
No |
Deriv or NinjaTrader: Investment Programs
| Asset Name | Deriv | NinjaTrader |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: NinjaTrader or Deriv
| Deriv | NinjaTrader | |
|---|---|---|
MT4 |
No |
No |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
DTrader |
NinjaTrader |
Others |
SmartTrader |
No |
|
|
Deriv vs NinjaTrader: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Deriv | NinjaTrader |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
Yes |
No |
Deriv vs NinjaTrader: Research
| Research Type | Deriv | NinjaTrader |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
No |
Deriv vs NinjaTrader: Education
| Education Type | Deriv | NinjaTrader |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
No |
Articles |
Yes |
No |
Videos |
Yes |
Yes |
Cent account |
No |
No |
NinjaTrader vs Deriv: Support
| Support Features | Deriv | NinjaTrader |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
Deriv vs NinjaTrader: Forex Bonuses and Promo
| Promo | Deriv | NinjaTrader |
|---|---|---|
Forex Bonus |
No |
No |
Affiliate Program |
Deriv’s affiliate program is presented in three types: a trader can (i) receive additional earnings for the monthly income of his referees, (ii) for the probability of payments on options, as well as (iii) for inviting new users to the Deriv broker. |
No |
Other Promos |
||
|
|
Top 5 Reviews on NinjaTrader
-
Comment
I requested a withdrawal from Ninja Trader at the end of the day and received my funds quickly without any delay or problem. I was pleasantly surprised by the transaction speed, especially considering that some companies delay payments for several months. Moreover, I make good profits trading on the Ninja Trader platform, which works flawlessly if you have trading experience, of course.
-
Comment
Whether it is worth opening an account with Ninjatrader is a rhetorical question. Perhaps this makes sense for professional traders from the USA: the broker is regulated by the NFA, has been operating since 2003 and offers the use of ready-made trading systems, so for lovers of automatic trading, that’s it. There are no complaints about the functionality of the terminal. But at the same time, trading and non-trading costs ... To put it mildly, unprofitable. Not only is there a withdrawal fee, but taxes also need to be paid. For beginners and those who trade in small volumes, this is unprofitable. And finally: to trade futures in Ninjatrader, you need to deposit at least $400, for Forex - $50.
-
Comment
After a simple registration, I could choose a standard or demo trading account. By choosing a demo account, I received a deposit of 100,000 virtual dollars. So, you’ll be able to hone your trading skills and try out strategies without the risk of losing funds. Also, a demo account allows you to check the quality of services and the functionality of the platform. I have tried many brokers and Ninja Trader is the best so far. Execution is lightning-fast, there are no hidden fees, and they have unreal trading conditions. I need to have constant access to the trading platform. That is why a mobile application is a real catch. Thus, I can trade using my smartphone. At the moment, both versions for Android and iOS are available. The application allows you to see the activity feed of other traders in real-time, get acquainted with the cost of various financial instruments, track the status of a trading account and interact with other traders using a social network. I’m in the right frame of m
-
Comment
They have an affiliate program that has been developed for active traders like myself who want to receive passive income. Thus, the client can advertise the project and receive a monetary reward for it. I love it. When I was undecided, this broker allowed me to trade and earn money. It was a breaking point. The platform provides services for online transactions in commodities, currencies, stocks, and indices. Users receive a financial platform that is suitable for both the professional and the beginner. Each trader needs to read the rules before registering. Moreover, tons of instruments are provided for traders. Besides, I liked that Ninja Trader has a demo account. The advantage of a demo account is that the client can try his hand and trade without the risk of losing funds. Also, for the convenience of traders, a mobile application was created that provides access to the platform 24/7. Break a leg, guys.
-
Comment
I have experience working with various brokers, and in the end, for one reason or another, I felt blue. I switched to this broker on the advice of a friend. I started trading here several months ago. I now trade on a real account. I have no complaints and I do not plan to switch from Ninja Trader. This broker meets my main requirements. And the technical support is running savoir-faire. If I need their professional help and sound advice, they will solve my problems.
Top 5 Reviews on Deriv
-
Comment
I think Deriv is not the worst broker out there. They focus on futures contracts in the form of options and derivatives. The platform is quite different from what we're used to, but you get used to it over time. Order processing is fast, and I haven't noticed any major issues with the platform. Overall, Deriv offers decent conditions.
-
Comment
I'm still learning how the deriv platform works. The reviews are mostly positive, but I don't want to get into a difficult situation. I'm trading on demo for now. Moreover, I’m still new to trading, I’m just trying to learn. Deriv's technical support is good, they answer my questions professionally.
-
Comment
I learned about Deriv three years ago. The first impression was not very good, but then I started trading with this company. Now, I think that this is a really good broker. Opening trades is very easy, there are no price manipulations, and profitability is high. So I recommend this broker!
-
Comment
If you want to start trading Forex, Deriv is the broker where you should do it. Deposits and withdrawals are fast, you trade on the interbank market, and there are educational materials. Try it, choose a normal company like this one and make money. I haven’t traded with large amounts, because I’m not entirely confident in myself yet.
-
Comment
Deriv is a good company. I’ve been trading here for 4 months now, and I have no complaints about performance and operation of the platform. User account is convenient. I strongly recommend it.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.