Autotrade and Automatic Trading Services are available for self-directed brokerage account holders. Customers may enable automatic trading of newsletter alerts in their online brokerage accounts, based on the recommendations of the investment newsletter publishers they subscribe to. AutoShares accepts trading instructions directly from the investment newsletter(s) you specify and the trade instructions are automatically processed for trade execution according to the parameters that you determine for your account.
You don't have to sit in front of your computer waiting for the newsletter's recommendations. AutoTrade services can do this for you, while you're making the most of everything else in your life. Click here to view an example AutoTrade Notification
There is no extra charge for this service. Standard brokerage charges apply
Note: Independent third-party newsletter publishers are not affiliated with AutoShares Online Brokerage Services. Any opinion, recommendation or alert of any independent third-party newsletter publisher is the sole opinion of the publisher and does not express the opinion of AutoShares. If you subscribe to and Autotrade any provider listed below, you are choosing to do so at your own risk and discretion.
Advantages of AutoTrading with AutoShares
Your newsletter trade alerts are sent to AutoShares (with a copy to you).
You choose the maximum amount per trade based on Dollar Amount ($), Number of Contracts, or Percentage of Account Value (%)
You retain control of your account. Change your trade parameters, or start or stop your service at any time.
You pay no additional fees to AutoShares to AutoTrade. Your Newsletter, however, may charge a subscription fee.
We encourage you to consider carefully whether AutoTrading is compatible with your investment strategy before you establish an Autotrade account or engage a Newsletter. You should review the investment philosophy and track record of any prospective Newsletter to determine if it fits your trading goals and risk tolerance. You should also carefully review past performance of the Newsletter’s publisher. While past performance is no guarantee of a future result, a Newsletter’s documented past performance may help you to get a sense of the potential for success or failure in implementing its strategies.
AutoShares will not review or otherwise evaluate the reasonableness of the transactions entered or the investment strategies implemented for your account by your Newsletter. AutoShares acts solely as an order-taker for your Autotrade account. It is your responsibility to monitor each transaction effected by a Newsletter for your account and to decide if those transactions are appropriate for you. We strongly encourage you to closely review each trade confirmation and account statement you receive to ensure that you are comfortable with the activity in your account.
AUTOSHARES DOES NOT RECOMMEND, TRACK THE PERFORMANCE OF, OR RECEIVE COMPENSATION FROM ANY AUTOTRADED SERVICE OR NEWSLETTER PUBLISHER. Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before investing in options. Options trading privileges are subject to AutoShares review and approval. Not all account applicants will qualify. Execution price, speed, and liquidity are affected by many factors, including system performance, market volatility, size and type of order and available market centers.
A: AutoTrading is an arrangement where you direct your AutoShares account to execute trade alerts of investment recommendations published by your Newsletter. Your trades are executed when AutoShares receives your Newsletter’s trade alerts. Under the AutoTrade program, you give AutoShares the authority to enter and exit only those trade alerts received from your Newsletter. This enhances your ability to execute trade alerts efficiently, even if you are unable to keep in touch with current market conditions.
Subscribe to a participating Newsletter service
Open an account with AutoShares
Complete and submit AutoShares AutoTrading Agreement
Deposit Funds to your account
A: AutoShares requires a minimum account size of $2,000 to AutoTrade.
A: While there are risks associated with all investments and investment programs, there are special risks associated with AutoTrading. You should both be familiar with those risks and willing to accept them before you direct us to accept trading instructions from a Newsletter publisher. For example, AutoTrading frequently involves short-term trading of stocks and options that are based on short-term fluctuations in the overall market, particular industries, or particular issuers. There can be no assurances that such trading will be profitable. And because you will be charged a commission on each transaction effected for your account, the costs associated with frequent short-term trading can become significant. Similarly, there are risks associated with engaging in AutoTrading using margin. You should not engage in AutoTrading unless you are willing to accept the inherent risks, which may include the loss of all the funds you have invested.
A: No. Autoshares does not recommend one service over another. In addition, Autoshares does not advise, consult or assist any Newsletter with respect to the content, recommendations or strategies contained in any trade alert. Autoshares receives no compensation from any Newsletter to participate in AutoTrading programs and Autoshares does not share commissions with any Newsletter relating to customer accounts established or transactions effected under our AutoTrading program. AutoShares recomends you read the following SEC release concerning the risks of AutoTrading.
A: No. The Newsletter publishers are independent third parties separate and apart from Autoshares. You should contact the Newsletter service directly for questions regarding historical performance. Past performance is no guarantee of future results.
A: The AutoTrading service is offered to you on a “best efforts” not-held basis. We do our utmost to execute orders based on the recommendations of your Newsletter service as quickly and efficiently as possible. While we have redundant back-up systems to ensure timely handling of orders, you are subject to risk from errors of electronic systems, communications, markets, and timing. In addition, other factors such as insufficient buying power in your account, subscription lapses, or missing selections on the sign-up page, may cause you to miss trades.
A: Yes. You can use both your trading platform and the AutoShares Client Connection to view balances and positions within your AutoTrading account.
A: Yes. You may choose to allocate a certain dollar amount, a specific number of shares, or a percentage of your total account value for all AutoTrading trades.
A: If you ever want to exit a position in your AutoTrading account before your Newsletter closes it out, you must contact AutoShares at 1-800-847-8495. Phone in trades cost an additional $39.95 per trade + the standard commission rate applied to your account.
A: If your account does not have sufficient funds to cover the amount specified in your AutoTrade agreement, we will place the trade up to the extent of available funds. For example, if you select an allocation of $5,000 per trade and your account has $700 in available funds when we receive the trade alert, we will place the trade for up to $700 in your account.
A: Yes. Separate investment and trading accounts are available for online investing using our WebTrader Platform. You can manage all of your online investing accounts with AutoShares Online Brokerage Services.
For more information, please Contact Us.
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*AutoShares is a Division of ViewTrade Securities, Members FINRA and SIPC.
As a member of the Securities Investor Protection Corporation (SIPC), funds are available to meet customer claims up to a ceiling of $500,000, including a maximum of $250,000 for cash claims. For additional information regarding SIPC coverage, including a brochure, please contact SIPC at (202) 371-8300 or visit www.sipc.org. Our Clearing firm has purchased an additional insurance policy through a group of London Underwriters (with Lloyd's of London Syndicates as the Lead Underwriter) to supplement SIPC protection. This additional insurance policy becomes available to customers in the event that SIPC limits are exhausted and provides protection for securities and cash up to an aggregate of $600 million. This is provided to pay amounts in addition to those returned in a SIPC liquidation. This additional insurance policy is limited to a combined return to any customer from a Trustee, SIPC and London Underwriters of $150 million, including cash of up to $2.15 million. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities.System response, trade executions and account access may be affected by market conditions, system performance, quote delays and other factors. The risk of loss in electronic trading can be substantial. You should therefore consider whether such trading is suitable for you in light of your financial resources and circumstances. * Commission rates are negotiated. You may qualify for rates shown based on your activity. Other fees and conditions may apply, please see our commissions and routing fees.
Important Disclaimer: This is not an offer or solicitation in any jurisdiction where we are not authorized to do business. AutoShares makes no guarantee as to the currency, accuracy, or quality of information published and/or archived on this website, nor will AutoShares accept any responsibility for other organizations, businesses, and private persons that provide information on this website. All information on this website regarding products and services provided by AutoShares is subject to change without notice. Reasonable efforts are taken to ensure the accuracy and integrity of all information provided here, but AutoShares is not responsible for misprints, out of date information, or errors. AutoShares does not provide any financial or investment advice. AutoShares does not recommend or endorse any investment instruments or trading strategy. The material on this website is provided for informational and educational purposes only and shall not in any manner be considered a recommendation or endorsement of any strategy or investment. Any investment decision and/or strategy that you make or utilize, whether or not such decision or strategy derives from or relies upon material accessed or provided through this website, is done so at your sole discretion and your own risk. Before making any investment decisions, please consult additional sources of information and/or your legal or tax advisor.
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