NinjaTrader & Canada – Yes for Prop Firms
It’s a question that comes up often: “How do I use NinjaTrader in Canada with Apex/Topstep/TakeProfit/(insert any prop firm here), since as Canadians we aren’t allowed to be with NinjaTrader?”
Good news for you, YES you can use the NinjaTrader SOFTWARE at the various prop firms. The problem you are running into is you can NOT use NinjaTrade the BROKERAGE as a Canadian. So when you are googling “NinjaTrader Canada” and finding information saying you can’t, you need to dig a bit deeper. Luckily it isn’t difficult.
If you are interested in trading futures, be sure to check out my Reviews of Funded Futures Trader Evaluations. I update it every day.
NinjaTrade Brokerage (You Can NOT Use Them in Canada)
Okay, trading futures via a brokerage is pretty limited in Canada relative to the US. There’s only a handful of Canada allowed brokerages, and pretty much all of them won’t allow NinjaTrader software. If you want information about futures brokerages (aka you are depositing your own money to trade with, visit this: Futures Brokerages Recommendations.)
NinjaTrade Brokerage is NOT allowed for Canadians.
NinjaTrader Software – You CAN Use This With Prop Firms
Okay, now what most of you are probably here for. Yes you CAN use NinjaTrader software with the various futures funding companies aka prop firms.
First you have to create an account. Go here. https://account.ninjatrader.com/register – enter your email, click “sign up”.
You’l then get a confirmation email, click the Confirm Email Address.
You’ll then be directed to create a Username and Password for your account. I went with “canadiandreammachine” to entertain myself while writing this article.
Click Create User.
*** THIS IS THE IMPORTANT PART ****
Here is where I suspect most people get hung up. You do NOT click on “Open Account”. That brings you to the brokerage, and you can’t open one. Click the link that says “blah blah blah SIMULATION ACCOUNT blah blah”. It’s clearly marked in the image below, dark blue, bottom of the screen.
Enter your information. You will find Canada in the drop down box of countries. You can ignore the 14 day free trial part since I know the next question is “what if it takes me longer than 14 days to pass!!!!”. Most of the prop firms will give you a free license to use which will last indefinitely. All the big name companies do (Apex, Topstep, etc).
Congrats! You can now download NinjaTrader. Bottom left corner.
Do NOT click on “Start Live Trading – Start Application”. That is to open a brokerage account. You should by now know that as a Canadian you can NOT have a NinjaTrade Brokerage account. NinjaTrader Software yes, NinjaTrade Brokerage no. Got it?
NinjaTrader Setup
I’m not going into how to setup NT and do all of that, thats a totally different topic. You now have NinjaTrader as a Canadian. Congrats! Once you download and set it up, get your license key from your favorite prop firm, and enter it in the software, and you are off and running. PS: I believe now as you are logging into NT is where the license key goes, possibly under Additional Options. In all fairness mines been in for years and I haven’t had to import a new one.
Conclusion
Feel free to share this article around. I get asked far too often how its possible to use NinjaTrader software in Canada. Someone went so far as to tell me I’m lying and not actually in Canada because I use NinjaTrader. I hope she finds this article.
Best of trading to my fellow Canadians, use NinjaTrader in good health!
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Risk Disclosure:
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical Performance Disclosure:
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
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