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Sierra Future - Stage Five Trading


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Sierra Future - Stage Five Trading

  #11 (permalink)
hr719
jackson mississippi
 
Posts: 5 since May 2021
Thanks Given: 0
Thanks Received: 4

Can anyone else comment on how Stage 5 is. Currently looking for a good broker, and having a hard time deciding between edgeclear and stage5

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  #12 (permalink)
 
qsceszwasdx's Avatar
 qsceszwasdx 
Taipei Taiwan
 
Experience: Intermediate
Platform: TV, SC, QT
Broker: Interactive Brokers & Taiwan local brokers & AMP Futures
Trading: Stocks, Commodity & Index Futures
Posts: 117 since Jan 2017
Thanks Given: 135
Thanks Received: 100


hr719 View Post
Can anyone else comment on how Stage 5 is. Currently looking for a good broker, and having a hard time deciding between edgeclear and stage5

I have no experience with Edge Clear, so I can't comment Edge Clear.

But I have experience contact with Sierra Futures (a division of Stage 5 trading), so I think I can share with you.

I think they are not profession and maybe on the verge of out of business.

Why I think they are not profession:

I asked them margin of MCL, bcz they don't list on the website of Sierra Futures, but one of them told me they do offer micro currencies......and said their other affiliate website (tradefutures4less) lists margin.

When I entered the link they provided, it made me confused.
Bcz at website of tradefutures4less, they showed day trade margin $1,000 – Energy, however when I click view margins button at website of tradefutures4less, it pop up a PDF Archive which shows day trade margin 1900 for CL which is the same as the website of Sierra Futures.

CL day trade margin at website of tradefutures4less


CL day trade margin at PDF Archive from tradefutures4less


CL day trade margin at website of Sierra Futures


And that PDF Archive shows day trade margin 990 for ES, but the website of Sierra Futures shows 660 day trade margin for ES?

ES day trade margin at PDF Archive from tradefutures4less


ES day trade margin at website of Sierra Futures


Why I think they are on the verge of out of business:

The name of PDF Archive at website of tradefutures4less shows TF4L-Margins-22-Jul-2020.pdf, but today is 13-Nov-2021, obviously they stop updating for more than a year.
Even I wrote the mail to them, and they haven't replied and clarified for me from August until now.

TF4L-Margins-22-Jul-2020.pdf when now is 13-Nov-2021

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  #13 (permalink)
 
qsceszwasdx's Avatar
 qsceszwasdx 
Taipei Taiwan
 
Experience: Intermediate
Platform: TV, SC, QT
Broker: Interactive Brokers & Taiwan local brokers & AMP Futures
Trading: Stocks, Commodity & Index Futures
Posts: 117 since Jan 2017
Thanks Given: 135
Thanks Received: 100



qsceszwasdx View Post

I asked them margin of MCL, bcz they don't list on the website of Sierra Futures, but one of them told me they do offer micro currencies......and said their other affiliate website (tradefutures4less) lists margin.

The name of PDF Archive at website of tradefutures4less shows TF4L-Margins-22-Jul-2020.pdf, but today is 13-Nov-2021, obviously they stop updating for more than a year.
Even I wrote the mail to them, and they haven't replied and clarified for me from August until now.



EMAIL at August then no reply

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  #14 (permalink)
 Sawtooth 
Prescott AZ USA
 
Experience: Advanced
Platform: SierraChart
Broker: Stage5, FCM:Dorman, Data:Denali, Routing:Teton
Trading: YM ES NQ
Posts: 474 since Nov 2009
Thanks Given: 216
Thanks Received: 603


qsceszwasdx View Post
I have no experience with Edge Clear, so I can't comment Edge Clear.

But I have experience contact with Sierra Futures (a division of Stage 5 trading), so I think I can share with you.

I think they are not profession and maybe on the verge of out of business.

Why I think they are not profession:

I asked them margin of MCL, bcz they don't list on the website of Sierra Futures, but one of them told me they do offer micro currencies......and said their other affiliate website (tradefutures4less) lists margin.

When I entered the link they provided, it made me confused.
Bcz at website of tradefutures4less, they showed day trade margin $1,000 – Energy, however when I click view margins button at website of tradefutures4less, it pop up a PDF Archive which shows day trade margin 1900 for CL which is the same as the website of Sierra Futures.

And that PDF Archive shows day trade margin 990 for ES, but the website of Sierra Futures shows 660 day trade margin for ES?

Why I think they are on the verge of out of business:

The name of PDF Archive at website of tradefutures4less shows TF4L-Margins-22-Jul-2020.pdf, but today is 13-Nov-2021, obviously they stop updating for more than a year.
Even I wrote the mail to them, and they haven't replied and clarified for me from August until now.

Sierra Futures, as a division of Stage5, is a way for them to offer select items, limited to a single FCM (Dorman), a specific trading platform (Sierra Chart), a specific data feed (Sierra Chart's Denali), and specific order routing (Sierra Chart's TT order routing).

This combination narrows the choices to the best, most reliable setup for futures trading, IMO.
It filters out the frills and leaves the basics.
It is just another way to use Stage5 as an Introducing Broker,
tradefutures4less is yet another way. (but they should update their website.)

Since Sierra Futures is a division of Stage5, you can go the Stage5 website for their margins:
https://stage5trading.com/support/exchange-margins/

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  #15 (permalink)
 
qsceszwasdx's Avatar
 qsceszwasdx 
Taipei Taiwan
 
Experience: Intermediate
Platform: TV, SC, QT
Broker: Interactive Brokers & Taiwan local brokers & AMP Futures
Trading: Stocks, Commodity & Index Futures
Posts: 117 since Jan 2017
Thanks Given: 135
Thanks Received: 100


tomgilb View Post
Sierra Futures, as a division of Stage5, is a way for them to offer select items, limited to a single FCM (Dorman)

Hi, I guess you haven't read my last post which including Email.
They said both FCM Dorman and Advantage Futures are available, not limit to Dorman, you may confused like me, their website and Email is inconsistent.

Email from them



tomgilb View Post
This combination narrows the choices to the best, most reliable setup for futures trading, IMO.

I was thinking like that and I want to try SC direct order route so contacted with them, but their inconsistent information and attitude for no reply deter me.


tomgilb View Post
tradefutures4less is yet another way. (but they should update their website.)

In Email, I contacted with Sierra Futures, ask them margin and they guided me to tradefutures4less, which margin is inconsistent with Sierra Futures as I said.(look above Email)


tomgilb View Post
Since Sierra Futures is a division of Stage5, you can go the Stage5 website for their margins:
https://stage5trading.com/support/exchange-margins/

I had seen the site of Stage5trading, but margin is not the same as Sierra Futures and tradefutures4less, this is really make me confused.

For example:

CL day trade margin at website of Stage5 list $2805.00; however is 1900 at website of Sierra Futures and tradefutures4less.

ES day trade margin at website of Stage5 list $ 750; however is 660 at website of Sierra Futures; but 990 at website of tradefutures4less.

Can you tell me which one is correct?

I wrote a letter for them at August to clarify for me, but no reply from them.

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  #16 (permalink)
 Sawtooth 
Prescott AZ USA
 
Experience: Advanced
Platform: SierraChart
Broker: Stage5, FCM:Dorman, Data:Denali, Routing:Teton
Trading: YM ES NQ
Posts: 474 since Nov 2009
Thanks Given: 216
Thanks Received: 603


Quoting 
their inconsistent information and attitude for no reply deter me.

If you are deterred than use someone else.

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  #17 (permalink)
 
Rui S's Avatar
 Rui S 
Lisbon, Portugal
 
Experience: Intermediate
Platform: TWS and Sierra Charts
Broker: IB, Stage 5 / Dorman (Teton)
Trading: Stocks and E-minis
Posts: 140 since May 2012
Thanks Given: 189
Thanks Received: 55

@tomgilb,

Sorry to bother you, I would like to have your input.

I am thinking to open an account with Stage 5.

Are you still happy with them?

I like "simple" as well. Will I be ok and safe with them?

Thanks.

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  #18 (permalink)
 Sawtooth 
Prescott AZ USA
 
Experience: Advanced
Platform: SierraChart
Broker: Stage5, FCM:Dorman, Data:Denali, Routing:Teton
Trading: YM ES NQ
Posts: 474 since Nov 2009
Thanks Given: 216
Thanks Received: 603


Quoting 
I am thinking to open an account with Stage 5.

Are you still happy with them?

Yes, they are professional and responsive.
They are an Introducing Broker to several FCMs.

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  #19 (permalink)
 
Rui S's Avatar
 Rui S 
Lisbon, Portugal
 
Experience: Intermediate
Platform: TWS and Sierra Charts
Broker: IB, Stage 5 / Dorman (Teton)
Trading: Stocks and E-minis
Posts: 140 since May 2012
Thanks Given: 189
Thanks Received: 55


tomgilb View Post
Yes, they are professional and responsive.
They are an Introducing Broker to several FCMs.

Thank you for your input Tom.

The FCM will be Dorman, as you also have.

Have a nice weekend.

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  #20 (permalink)
Markus
Frankfurt am Main
 
Posts: 38 since May 2010
Thanks Given: 6
Thanks Received: 33



tomgilb View Post
Yes, they are professional and responsive.
They are an Introducing Broker to several FCMs.

Hi Tom,

I know you are a long term user of Sierra Chart.
I contacted Stage 5 and I am planning to open an account with Advantage FCM shortly
Can you tell me how things are working with Teton order routing?

What happens if you have a power outage or the internet connection goes down?
Until now I used CQG and CQG android app to manage these situations

Is is true that bracket orders like trailing stops are server side?

Thanks

Ps.: I don't understand the reason why they have on home page things about 2019
No update, no restyling, why? This is not good for the first impact with this company
I suggest them to update the website, that is your business card

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Last Updated on January 13, 2023


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