Main Difference: Quantower excels in multi-broker connectivity, while NinjaTrader offers a more integrated ecosystem for futures trading.
Quantower and NinjaTrader are powerful platforms for traders, but which is the best fit for you in 2024? In this comparison, we’ll breakdown their strengths, weaknesses, and unique features to help you make an informed decision. Whether you’re into multi-asset trading or focused primarily on futures, this guide will help you determine which platform fits your style.
Quantower
- Multi-broker trading
- Experienced traders
- Multi-asset diversification
- Connects with multiple brokers
- Supports a variety of assets
- Advanced charting tools
- Requires broker setup
- No direct brokerage services
- Limited free version
NinjaTrader
- Futures trading
- Beginners to intermediates
- Integrated trading tools
- Deep integration with brokerage accounts
- Customizable with indicators
- Commission-free trades (on certain accounts)
- Primarily focused on futures
- Platform fee for certain features
- Limited multi-broker connectivity
Quantower vs. NinjaTrader: What’s the Difference?
Both platforms offer extensive trading tools, but they cater to different needs. Let’s breakdown the specifics.
Accounts and Features
Quantower supports multi-broker connectivity, allowing you to trade assets such as stocks, forex, futures, and cryptocurrencies across brokers. You’re not limited to one brokerage account, which gives flexibility for traders who diversify across platforms.
NinjaTrader is heavily focused on futures and forex trading, offering an all-in-one solution with brokerage integration. While it primarily works with its brokerage, it offers a seamless experience for futures traders looking to keep everything in one place.
The Better Platform: Tie. If you need flexibility, go with Quantower. For futures trading, NinjaTrader is your go-to.
Pricing Structure
Quantower operates on a modular pricing model. Users can pay for specific features or opt for a premium license at $70 per month.
NinjaTrader offers a free basic version but charges for advanced features. The paid version ranges from $99 per month to a one-time purchase of $1,499 for lifetime access.
| Platform | Lifetime Cost | Monthly Cost | Lifetime Cost |
| Quantower | Limited | $70/month | $1,590 |
| NinjaTrader | Yes | $99/month | $1,499 |
The Better Platform: Quantower. Offers more flexibility in pricing, especially for traders needing specific features.
Ease of Use
Quantower is known for its customizable and user-friendly interface, though it may take some time to set up multiple brokers. NinjaTrader, on the other hand, is easy to use for futures traders but can be overwhelming for beginners due to its in-depth tools.
The Better Platform: Tie. Quantower wins for flexibility, while NinjaTrader is easier for futures-focused traders.
Market Analysis Tools
Quantower shines in its charting tools and technical analysis features, offering various indicators and customizable charts. NinjaTrader is equally strong, particularly with its deep integration of market data and built-in analysis tools, which makes it ideal for futures trading.
The Better Platform: Tie. Both offer excellent market analysis tools, depending on your trading focus.
Trade Execution
Quantower’s multi-broker capability ensures smooth trade execution across different markets. NinjaTrader’s execution is fast, but it’s especially tailored for futures traders using its brokerage services.
The Better Platform: NinjaTrader. If you’re focused on futures, it’s optimized for rapid execution.
Customer Support
Quantower offers support through email and an extensive knowledge base but lacks real-time customer service options like live chat. NinjaTrader provides more customer support, including phone, email, and a community forum for troubleshooting.
The Better Platform: NinjaTrader. More comprehensive customer service options.
Educational Resources
Quantower offers tutorials and guides for advanced traders but doesn’t focus much on educational resources for beginners. NinjaTrader has a wide variety of webinars, tutorials, and training sessions catering to new and experienced traders.
The Better Platform: NinjaTrader. Better educational resources for all levels.
Safety and Security
Both platforms are highly secure, using encryption and ensuring the safety of your data. NinjaTrader, with its integrated brokerage services, may offer a more seamless experience with compliance, whereas Quantower’s multi-broker setup requires due diligence with each broker’s security protocols.
The Better Platform: Tie. Both platforms offer robust security, but your choice depends on the brokerage’s security features.
Which Is The Winner?
In the end, the right platform depends on your trading needs. Quantower is best for multi-asset traders and those who want flexibility across brokers. NinjaTrader is the winner for futures traders looking for an all-in-one platform with integrated tools and educational resources. Both platforms offer great value, so considering your specific trading style before deciding is worth considering.
Frequently Asked Questions
A
Yes, Quantower allows you to trade multiple assets, such as stocks, forex, and crypto, through connected brokers.
A
Quantower offers a limited free version, but most features require a paid subscription.
A
NinjaTrader recommends at least 8GB of RAM for smooth performance.
A
The basic version of NinjaTrader is free, but advanced features require a paid subscription.