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Free License with funded account

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    Free License with funded account

    Hey,

    I see that it's possible to use Ninjatrader free license with a funded account. However, is this only possible for those with Ninja Brokerage? I'm looking to use OneUpTrader which is a funded program and they said that they offer a free license during the evaluation, but once funded we have to get a license. Isn't it possible to use the free license that NT advertises even once their program funds an account?

    Thanks,

    Tony

    #2
    Hello Tony,
    Thank you for your inquiry.

    A free live license key can only be issued to those with a NinjaTrader Brokerage account. To trade your ONEUP TRADER account, you will need to lease or purchase a single broker license key enabled for "NinjaTrader Brokerage". This is because your ONEUP TRADER account will be using the "Rithmic for NinjaTrader Brokerage" connection.

    Purchase Options - Single Broker The best value when purchasing NinjaTrader is to select one of our lifetime purchase options. Alternatively you can also lease our software for a period of time that makes sense to you.
    • Lifetime license for a one time payment of $1099
    • Lifetime license for 4 easy monthly payments of $329
    • Several flexible leasing options starting as low as $225 per quarter
    Learn more about our purchase options!

    Let us know if you have any further questions.​
    Adrian B.NinjaTrader Customer Service

    Comment


      #3
      Originally posted by NinjaTrader_Adrian View Post
      Hello Tony,
      Thank you for your inquiry.

      A free live license key can only be issued to those with a NinjaTrader Brokerage account. To trade your ONEUP TRADER account, you will need to lease or purchase a single broker license key enabled for "NinjaTrader Brokerage". This is because your ONEUP TRADER account will be using the "Rithmic for NinjaTrader Brokerage" connection.

      Purchase Options - Single Broker The best value when purchasing NinjaTrader is to select one of our lifetime purchase options. Alternatively you can also lease our software for a period of time that makes sense to you.
      • Lifetime license for a one time payment of $1099
      • Lifetime license for 4 easy monthly payments of $329
      • Several flexible leasing options starting as low as $225 per quarter
      Learn more about our purchase options!

      Let us know if you have any further questions.​
      Okay thanks a lot for clarifying that Adrian, appreciate it!

      Comment


        #4
        I don't think Apex or Leeloo have that requirement.

        That is, after you pass your evaluation phase, both Apex
        and Leeloo allow you to use their license key to trade your
        funded account. See here, here, and here.

        The difference (to us, the trader) is mostly semantics.

        Technically, Apex and Leeloo usually call their funded
        accounts a 'performance' account -- because under the
        hood the orders may be simulated or sent to the exchange.
        You're not supposed to care, since you are guaranteed
        to be paid whatever profits you generate (even if those
        profits came due a simulated trade).

        By calling it 'performance based compensation' -- which
        is based upon on well you trade in your 'performance'
        account -- you get to use their NinjaTrader license key,
        saving you the expense of purchasing your own.

        I think Bulenox does the same thing.

        -=o=-

        Be aware, using the prop broker supplied license key
        may come with some limitations. For ex, 1) the license
        key supplied will be single broker based 2) tied to Rithmic
        only, and 3) may not support a few of the premium indicators,
        such as the OrderFlow Suite.

        You should contact your prop firm directly and inquire
        about the opportunities to use their NinjaTrader license
        key for both your evaluation and funded account -- and
        ask what limitations does using their license key impose
        upon your use of NinjaTrader.

        And, no, you are not required to have a NinjaTrader
        Brokerage account in order to use the free NinjaTrader
        license key supplied by Apex, Leeloo, or Bulenox.

        Note sure about TopStep or OneUpTrader.

        Good luck!

        Comment


          #5
          Hello, I connected fiirst time with free license and the charts does not updated and I can not send orders. Anyone can help me.

          Comment


            #6
            Hello Favor,
            Thank you for your inquiry.

            Please email [email protected] so we can investigate this matter further.

            Don't hesitate to contact us with any further NinjaTrader inquiries we may assist with.
            Adrian B.NinjaTrader Customer Service

            Comment


              #7
              Welcome to the forums!

              Connected to who?
              Are you talking about connecting to Rithmic via login credenials
              supplied by a prop firm?

              Did you follow instructions about those Rithmic documents you
              have to first agree to -- I mean, this initial step requires you
              download/install RTrader/Pro and login into RTrader/Pro and
              agree to two different documents -- did you do that?

              It's a one time step you must do for each Rithmic-based
              prop firm you sign up with.

              Hang in there!

              Comment


                #8
                These types of services sound fishy to me "under the hood the orders may be simulated"

                Comment


                  #9
                  They are simulated only until they see you can consistently profit. If you are funded you will get paid regardless so there is minimal risk for you.

                  You pay $100 for an evaluation for a 50k funded account. You make $3000 in profits on the account. Now they give you a funded account with 50k. If you profit $10,000 in the next 3 months you can withdraw with a 90/10 split. You pull out 9k and they keep 1k. All you risked was the $100 for the evaluation.

                  Fishy or not, it is the most basic risk/reward scenario.

                  Comment


                    #10
                    Originally posted by bltdavid View Post
                    I don't think Apex or Leeloo have that requirement.

                    That is, after you pass your evaluation phase, both Apex
                    and Leeloo allow you to use their license key to trade your
                    funded account. See here, here, and here.

                    The difference (to us, the trader) is mostly semantics.

                    Technically, Apex and Leeloo usually call their funded
                    accounts a 'performance' account -- because under the
                    hood the orders may be simulated or sent to the exchange.
                    You're not supposed to care, since you are guaranteed
                    to be paid whatever profits you generate (even if those
                    profits came due a simulated trade).

                    By calling it 'performance based compensation' -- which
                    is based upon on well you trade in your 'performance'
                    account -- you get to use their NinjaTrader license key,
                    saving you the expense of purchasing your own.

                    I think Bulenox does the same thing.

                    -=o=-

                    Be aware, using the prop broker supplied license key
                    may come with some limitations. For ex, 1) the license
                    key supplied will be single broker based 2) tied to Rithmic
                    only, and 3) may not support a few of the premium indicators,
                    such as the OrderFlow Suite.

                    You should contact your prop firm directly and inquire
                    about the opportunities to use their NinjaTrader license
                    key for both your evaluation and funded account -- and
                    ask what limitations does using their license key impose
                    upon your use of NinjaTrader.

                    And, no, you are not required to have a NinjaTrader
                    Brokerage account in order to use the free NinjaTrader
                    license key supplied by Apex, Leeloo, or Bulenox.

                    Note sure about TopStep or OneUpTrader.

                    Good luck!

                    Thanks for explaining that.

                    Comment

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