NinjaTrader isn’t a prop firm, it’s a U.S.-regulated futures broker and multi-device trading platform (desktop & web). It offers very low commissions (as low as $0.09 per micro contract), $50 day margins on Micros, and unlimited simulated trading for practice. Note: NinjaTrader acquired Tradovate in 2022, and in March 2025 Kraken announced a deal to acquire NinjaTrader (pending close).
NinjaTrader Review
NinjaTrader is a regulated U.S. futures broker (CFTC/NFA #0309379) with a strong platform suite across desktop, web, and mobile plus an official TradingView add-on. Opening is easy (no account minimum; ACH/debit from ~$5), commissions can be very sharp on the Lifetime plan (micro contracts from $0.09/contract), and you get free, unlimited sim trading with a solid education stack. Funding/withdrawals are straightforward via ACH and bank wire, third-party connectivity is broad, and the ongoing “Arena” sim competitions add a nice learning-by-doing angle.

Trade-offs: Pricing is tied to plan tiers (Free/Monthly/Lifetime), withdrawal rails are essentially ACH/wire, and ACH/debit deposits have a 60-day hold before you can withdraw. Jurisdiction support varies (no neat public “restricted list”), options on futures via NT Brokerage are limited/unclear, and this isn’t a prop model—no instant funding or profit splits. Bottom line: excellent if you want a regulated futures broker with robust tools and competitive long-term pricing; less ideal if you need broad payout methods, options depth in-house, or prop-style payouts.