The Offer
- NinjaTrader is offering a $100 bonus to celebrate their partnership with UFC. Must deposit $100+ to be eligible.
The Fine Print
- The credit will be posted to one qualifying account within 7 days after the funding requirement is met. The credit is not available for trading, margin, account minimums, buying power, or withdrawal until it is posted. Once posted, the credit may be used to support margin requirements, but it cannot be withdrawn or transferred for 60 days.
- Open and fund a new live trading account through NinjaTrader Clearing, LLC (“NTC”) with at least $100 in cleared funds within 30 calendar days after creating your user profile, and you will receive a $100 promotional account credit if you satisfy these offer terms.
- Offer available only to new individual customers. Joint accounts, IRA accounts, and customers classified as professional market-data subscribers by any applicable exchange are not eligible. Limit one credit per customer. Offer cannot be combined with other promotions.
Fees
- There is no monthly fee but there is an inactivity fee. Free account plans that log in to their trading solution but do not make any trades in the live trading environment every 30 days will be assessed a fee of $35
- They also charge you for market data, this is an option to choose during sign up and each option has a fee. You can opt out of this market data (very bottom of the screen) but something to be aware of. There is some market data that can be included for free, but if your balance is $0 they will charge $12 so just opt out. If you accidentally signed up for it you can cancel it here.
Our Verdict
The market data fee seems relatively easy to avoid during sign up, the main issue is the inactivity fee so you’ll need to make a trade every 30 days (or more often). You’ll probably need to keep the account open for 90 days (at least 60 days for the bonus to post) so realistically looking at a minimum of three trades. Easiest should be to take one micro trade for a tick each month and you only pay the commission (about $1). There might also be a two month grace period. This rep says no grace period.
Seems like you can join, deposit $100, wait 60 days and then withdraw $200? Very possible I’ve missed something obvious though (update: what I missed were the fees now mentioned above). Don’t see any other ways to stack this unfortunately. Futures trading finance bros seems like a natural fit for MMA gym bros. In fact the Venn diagram might just be two overlapping circles.
Information on closing an account can be found here, but seems easy enough to just zero balance.
