When you trade with Sierra Chart, it feels like you’re back to Windows 98. That old-school look, with ugly buttons, windows, and colors.
Yet, trading isn’t about good-looking platforms, it’s about functionality. A reliable and fast platform like Sierra Chart is all you need to be at your best when trading with a futures prop firm.
For the many prop trader fans who cannot do without Sierra Charts, I created this list of prop firms where this powerful trading platform is available.
Let’s dig in.
List Of All Prop Firms With Sierra Chart
Here’s my current list of proprietary trading firms that currently support Sierra Chart.
| Prop Firm | Profit Split | Cost | Max Balance | Rating | Review | Visit |
|---|---|---|---|---|---|---|
|
90% | from $137/month | $300,000 | 4.8 |
Read review | |
|
up to 80% | from €99 | $5,000,000 | 4.6 |
Read review | |
|
up to 80% | from $89/month | $200,000 | 4.4 |
Read review | |
|
90% | from $115/month | $250,000 | 4.3 |
Read review | |
|
90% | from $145/month | $100,000 | 4.2 |
Read review | |
|
80% | from $150/month | $400,000 | 4.1 |
Read review | |
|
up to 90% | from $26/month | $300,000 | 4.0 |
Read review |
How Should I Choose A Prop Firm With Sierra Chart?
First, you need to understand what you want from a prop firm besides the platform.
Depending on your trading style, the rules from some firms may be better for you than others.
Now that you know which ones provide Sierra Chart, I want you to compare the firms side by side. Using the tool below, select the ones you’re most interested in, and check which one fits your needs the best.
Compare Any Prop Firm
What Is Sierra Chart?
Sierra Chart is a trading platform created in 2001. The goal was to provide futures traders with a robust platform, with professional charts, and technical analysis tools. And the goal was accomplished. Up to this day, a lot of traders still use this platform religiously.
Although it was initially focused on the futures markets, it later evolved to support other markets like forex, equities or cryptocurrencies.
They are not merely software though…
Sierra Chart also provides:
- Market data services
- Order routing services
Everything with a cheap monthly payment, which competes with other alternatives in the market.
How Is Sierra Chart Useful To Trade With Prop Firms
Most futures prop firms had no choice but to adopt this platform as one of their options to trade. There’s a high demand among prop futures traders, and here are the reasons for that.
Most futures traders like scalping, and some of the most popular tools to scalp are market depth, order flow, and footprint charts. Sierra Chart offers incredible charts to do this, highly customizable to fit any kind of strategy.
Another positive factor about using Sierra Chart with prop firms is risk management. All firms demand strict risk management. Sierra Chart helps you with that, providing real-time updates on your positions.
You can also use it with automated strategies. If you’re trading with a prop firm that allows algo trading, you can develop and deploy your strategy using Sierra Chart custom script or… spreadsheets!
Advantages Of Using Sierra Chart With A Prop Firm
Let’s now cover all the advantages of Sierra Chart.
- Advanced charts: Their charts are highly customizable, providing deep precision in market analysis with their technical analysis tools.
- Performance tracking: You can use the platform to analyze trading strategies systematically, with detailed performance metrics.
- Technical features: The orders are executed fast, with low latency, and with possibility to integrate multiple data feeds. You can also automate your trading strategy and create/customize your own indicators.
- Risk management: You can use their tools to calculate your position size with precision, and monitor your risk in real-time. It also analyzes your portfolio and margin to help you stay away from trouble for violating the prop firm’s rules.
Disadvantages Of Using Sierra Chart With A Prop Firm
Here are some things that could be improved to maximize your experience.
- Learning curve: The whole interface is looks quite old and complex. It may require a bigger time to learn when compared to other trading platforms.
- Complexity: If you are a new trader you may feel overwhelmed by Sierra Chart. Some of the advanced features may require programming knowledge.
- No social features: Unlike other platforms, Sierra Chart doesn’t provide any built-in features to share ideas or charts with other traders that may be trading the same prop firm challenges.
- Hardware resources: The platform requires some significant computer processing power and memory. If you intend to run it on old hardware, maybe that’s not the best option for you.
