Lately we have been involved in ongoing discussions with NinjaTrader about the availability of their platform for The Gauntlet™, as well as for our traders who get funded by Helios Trading Partners. Initially NinjaTrader required us to pay a large sum of money for our users to get a free license for usage during The Gauntlet™, make several changes to our website that promoted their brand, and require customers who became funded and used the NinjaTrader platform to trade only through the NinjaTrader Brokerage. It was difficult for us to accept the propositions, namely because it seemed unreasonable for us to pay to promote one platform over another given that many platforms are more than willing to offer free usage for our customers, and that using the NinjaTrader Brokerage would have imposed severe limitations on how Helios could fund the customer accounts. Supporting platforms that are mainly tied to a single brokerage has a number of drawbacks, this situation is a showcase of one of those.
After much deliberation, we decided that we would accept these conditions, even knowing that it would mean different trading conditions for customers trading with the NinjaTrader Brokerage. Unfortunately, and for a yet still unknown reason NinjaTrader has decided to sever their relationship with us. We don't know if they intend to backtrack on that decision in the future, but the fact remains that NinjaTrader will no longer support live trading accounts funded by Helios. We can only assume this to be related to their other current business relationships potentially causing a conflict of interest, but there is no need for us to speculate on why this has happened after we agreed to their conditions.
On that note, we regret to inform you that Ninja Trader will no longer be supported for trading accounts funded by Helios. While it is currently supported on simulation accounts such as in The Gauntlet™, you use NinjaTrader at your own risk as we do not know if or when NinjaTrader may decide to disable this functionality as well. You are free to use any other platforms from a long list of those integrated with Rithmic, and of course you can continue to use NinjaTrader as a charting platform as long as they support it, and one of the additional free platforms we provide for execution. There are also other platforms available including AgenaTrader which can import indicators made for NinjaTrader.
We apologize for the inconvenience caused to you for this. We hope that in the future NinjaTrader will change its mind, but for the meantime we are happy to offer you any of the other platforms available on our site for your use, many of which offer free trials and are more than happy to accommodate our users.
If you are the owner of a multibroker lifetime NT License that was purchased before July 2014, you will be able to use your platform for your Live Sim account and your Helios account.