Sierra Chart Review – Key Features, Pricing, And Comparisons
The first thing everyone will notice about this firm is their outdated website design. However, it matches the year when they were created, 1996. In any case, it might be a kind of a deal-breaker for younger traders.
When something looks bad, it immediately connects to a lack of professionalism and knowledge. Thus, their field of expertise is developing charting tools for traders and not web design. All in all, we’ll cover everything you need to know in this Sierra Chart review.
| Company Type | Trading Tools Provider |
| Legal name | Sierra Pacific Software Limited New Zealand |
| Regulation | Not expected |
| Registered in | New Zealand |
| Established | 1996 |
| Website | https://www.sierrachart.com/ |
| Financial Authorities Warnings | No official warnings |
| Contacts | Tickets service; e-mail; |
| If a withdrawal is possible | N/A |
| Fees | From $26 per month |
| If Active on Social Media: | No |
| Investor Protection: | None |
| Activity areas | United States, United Kingdom, France, Canada, Germany |
| Main threats | Not user-friendly; Poor support; No lifetime package; |
| Main perks | A huge suite of analysis tools; |
What Is Sierra Chart All About?
The company was primarily established to support financial market analysis but also to develop adequate analysis tools. Even though they are based in New Zealand, which is far away from all major events, it appears the company has developed reliable tools for traders.
On top of that, the pricing is quite fair for what you get. But if that’s all you truly need in the era of fast-paced trading, we’ll see. In any case, the Sierra Chart offers chart optimization, live trading features, automated trading, and much more.
What Do Traders Think About These Tools?
Even though the company has existed for so long, there are only a few Sierra Chart reviews available. In fact, on Trustpilot, there are only 11 comments. And also, on Reddit, there are a few more. Overall, the opinion is split. Many traders highly recommend this tool for its functionalities. But the moment you compare them to some more advanced ones and newer technologies, you realize what you should use.
The worst part about these reviews is the ones including complaints about customer support. Fairly, with very poor contact options, you can’t expect any extraordinary service. As an example of good support, reviews, and reliability, you can check the Funded Trading Plus program.
What Are Sierra Chart Pricing Plans?
Overall, the company’s pricing plans are quite affordable for all traders, whether you are a newbie or a pro. In any case, the plans can be purchased for the availability of one, three, and six months. General discounts compared to regular plans are 10% and 20% respectively.
The Sierra Chart platform’s base package features are expanding with every more expensive program. The main features are:
- Sierra Chart FOREX and CFD Data Service
- Real-Time data enabled through Data Feed
- Sierra Chart Market Statistics Data Feed
- Cryptocurrency / Bitcoin Data and Trading Services
- Delayed Streaming Exchange Data Feed
- Simulated Trading Service
On top of that, if you want some of the additional options, you’ll have to pay a bit more. Some of those options are:
- TPO Chart Study
- Numbers Bars
- Numbers Bars Calculated Values
- Market Depth Historical Graph
- Volume Profile Interactive Drawing Tool
Is the Sierra Chart Download Option Available For Mobile?
Generally speaking, when you compare Sierra Chart with some other trading tools, you can recognize a lot of disadvantages. Primarily, lack of trusted iOS and Android mobile apps.
However, with the Sierra Chart automated trading, that could be quite a deal. Sadly, it’s not available and from our FinChat review, you can see why such features make a big difference.
Can We Use Sierra Chart For Free?
As can be seen, the Sierra Chart free plan doesn’t exist. However, there’s a trial version valid for 21 days traders request upon registration.
The problem is that you have to request it through the company’s support, which has many complaints against it. But if you read our Bitbox Swiss review, you can quickly find out why adequate support matters.
All Pros And Cons
One of the most important options with Sierra Chart trading tools is customization possibilities. Don’t worry about the basic ones. You don’t need any specific coding knowledge. However, some coding skills will be required to maximize your experience with the tool.
On the positive side, with an Advanced Custom Study Interface and Language, it can be quite easy for the ones who know what are they doing. Other benefits are live in-depth market analysis features and real-time forex and crypto data.
On the other hand, when it comes to flaws, the most important one is that it’s only a Sierra Chart Mac and Windows version for desktops available. Also, traders will need to import additional external data sources for all real-time data. Not to mention the coding skills required for advanced options and support complaints.
Is It Worth The Money Or We Have Better Options?
Generally, it appears these tools have a fair price. However, if you know what are all the functionalities of MetaTrader or some other tools, you will realize you won’t be losing anything. Instead of throwing money away on tools you can put that money aside for investments. Or even better, use the Funded Trading Plus program and get access to a funded trading account.
The principle is simple. Once you pass the evaluation phase with all advanced tools, trading strategies, and even AIs allowed, you get a chance to hold hands on up to $200k on the account balance. Most importantly, the profit split goes up to 80% / 20% in a trader’s favor. That can be quite a big boost for your trading experience and, most importantly, your pockets.
If you sign up with them, you don’t need to pay anything right away. Explore the options and see what program fits you the best. You won’t be thinking about anything else once you see how Funded Trading Plus operates. Sign up right away, and you’ll possibly get a chance to get even more promotions and special offers.
FAQ
What is Sierra Chart?
Sierra Chart, as the name says, is a company established in 1999 that has been offering charting tools for traders worldwide.
Is Sierra Chart Safe?
Indeed, yes. The company appears legit, but there are certain disturbing flaws with features that other companies with similar services handle better.
Is Sierra Chart Free?
Apparently, there’s a 21-day trial period that you have to request from support. But with many negative reviews about them, we recommend you try proven firms like Funded Trading Plus.
