Stage 5 Trading Broker Review (S5 Trading) www.stage5trading.com

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Big Mike

https://dockets.justia.com/docket/illinois/ilndce/1:2019cv04695/366669

Anthony Giacomin vs Morad Askar, lawsuit filed last year. Morad posted in another thread this week that he filled for a dismissal last month.

We can infer a few things from this lawsuit, at the least that there was a falling out between Anthony and Morad.

I've not heard from Anthony on what he plans to do post-Stage 5. I've personally always had nothing but good things to say about Anthony, and have always heard good things from his brokerage clients. So I honestly don't know what exactly happened between Anthony and Morad.

I do know that Morad has started a new brokerage, one where he is full owner, called Edge Clear. He presumably made himself full owner of this new firm to avoid whatever happened between him and Anthony at Stage 5.

I've started a new broker thread for Edge Clear below:

Edge Clear futures broker www.edgeclear.com (FT71)

Hey guys,

Morad Askar (aka FuturesTrader71) has started a new brokerage firm called Edge Clear.

Here is what I've learned about it:

- Soft launch was April 2020
- Morad is 100% owner
- Three brokers followed him from Stage 5 to Edge Clear, …

Mike

This guy is either terribly unlucky, or the least common denominator.

Sent using the futures.io mobile app

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Interesting.

Exactly today I've started a process of opening new account in Stage5, let's see.

Thanks Mike for info.

Stage5 Anthony · (login for full post details)

Since its onset Stage Five has believed the empowerment of traders is the best way to help our business grow. Stage Five�s commitment to supporting traders has never been greater. The release of the Global Macro Edge Newsletter providing institutional content free for all members, new FCM relationship with Advantage Futures, and access to an overnight trade desk during record market volatility are all tangible steps Stage Five has taken to honor this.

Competition and choice are good for the industry. We welcome it wholeheartedly and am confident traders will come to the conclusion they have since 2012�Stage Five is where the traders trade.

To learn more about Stage Five's services and/or to receive a complimentary subscription to The Global Macro Edge Newsletter please contact us at https://stage5trading.com/contact/

Wishing everyone the best health and safety,

Anthony Giacomin

CEO

Stage Five Trading - Supporting Traders Since 2012

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I'm talking with your support about opening account.

I asked for price of TT routing for Eurex. Some of FCM follow below "rule":

Quoting

"However, there is a TT MAP fee which does apply and is related to the FIX order routing that the clearing firm will be billed. Although if the firm is already paying 5000 USD a month in MAP fees to TT there is no additional cost to them. As long as the clearing firm has 20 users on the TT Platform or more, they will already be paying that amount in MAP fees.

If not below applied:

Quoting

"This NewTT "MAP" fee for Eurex access will be $250 per user, per month.

This newTT MAP fee will be strictly a pass-through from the NewTT invoice, through any FCM, to the trader�s account."

How it works in Stage5 with Dorman as FCM?

I'm using Sierrachart, I get an offer for Rithmic routing + Eurex Data, but I prefer TT routing if it possible without this fee, which for retail is huge.

Thanks

Stage5 Anthony · (login for full post details)

@kremat0r,

Unfortunately, Dorman doesn't offer Eurex on TT any longer based on the TT Map Fees.

However, Stage 5 does offer Eurex on TT through other clearing solutions, so there isn't a problem with our ability to provide this solution. I believe you are already in contact with one of our brokers, and they should be able to walk you through all the details and steps to get you setup with your specific requirements. If not, please feel free to reach out to me by referencing this post and we will make sure we provide you with a trading solution to best fulfill your trading goals. https://stage5trading.com/contact/

Thanks, have a great day, and be safe.

Best,
Anthony

Stage Five Trading - Supporting Traders Since 2012

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NFA Press Release
November 9, 2022

For Immediate Release

For more information contact:

Christie Hillsman, 312-781-1497, [email protected]
Karen Wuertz, 312-781-1335, [email protected]

NFA orders Chicago, Ill. introducing broker Stage 5 Trading Corp. to pay a $75,000 fine

November 9, Chicago�NFA has ordered Stage 5 Trading Corp. (Stage 5) to pay a $75,000 fine. Stage 5 is an introducing broker (IB) Member of NFA located in Chicago, Illinois.

The Decision, issued by NFA's Business Conduct Committee (BCC), is based on a Complaint issued by the BCC and a settlement offer submitted by Stage 5, in which the firm neither admitted nor denied the allegations in the Complaint. The BCC's Complaint charged Stage 5 with doing business with an unregistered forex IB and using a website that did not distinguish clearly between Stage 5 and the unregistered forex IB. The Complaint also charged Stage 5 with failing to diligently supervise the firm's forex operations.

In its Decision, the BCC found that Stage 5 violated NFA Compliance Rules 2-36(d), 2-36(e) and 2-36(g), as incorporated through NFA Compliance Rule 2-39(a).

The complete text of the Complaint and Decision can be viewed on NFA's website.

https://www.nfa.futures.org/index.html
https://www.nfa.futures.org/BasicNet/regulatory-actions-detail-doc.aspx?docid=5077
https://www.nfa.futures.org/BasicNet/regulatory-actions-detail-doc.aspx?docid=5077