Global AutoTrading

Good service - TERRIBLE value for large accounts

I chose to have Global Autotrading auto-execute my Spread the Trend trades, partially for what I considered low monthly fees. On their home page they state "We charge a monthly fee of $70 for the first newsletter, $30 for the second newsletter, and $10 for each additional newsletter. Various discounts are available."

I was just billed for my first month of service and the charge was $346. It appears they charge a "multiplier" for accounts greater than $100k. So the $70 a month you would pay for a $100k account turns into a $350 monthly charge if you have a $500k account, even though the trades placed every month are exactly the same. There is no additional cost for them to place an order for 100 option contracts instead of 10.

There is no added value for the additional $280 I must pay above the $70 lower account customers pay. It is, in effect, a penalty for having GA trade larger accounts. I thought that paying $840 a year for auto-trading services was a fair deal....NOT $4,200 a year for the same service.

Jbarn1

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Global AutoTrading is at the top of the heap!

I've always been extremely happy with GAT. Great execution and great communication!

Toptrader78

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Great service, right on the money.

Fast executions, decent prices.

Now, one thing they need to do is become available to Canadians !

I've had to go through much trouble to get setup in the US to use Global AutoTrading, and I hope fellow Canadians will have a much easier time in the near future, because this is a great service to have access to !

SmellTheCoffee

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Using eOption account with Global AT?

I had an account with eOption and used their auto-trading service. I was happy with their commissions and the performance of the investment letter until they made a serious mistake caused by an Auto-trading allocation page malfunction. Since then I been using Global AT (with IB account) and they have done a great job for me. Global AT has great customer service, something I cannot say about eOption).

If you are using Global AT with an eOption account, please post comments about this experience.

Greeks

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Excellent

Definately one of the best. Superfast executions

Denniswinthrop

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Global is a Superb AutoTrading Partner

I am using Global to autotrade 5 stock/option alert services via 5 Interactive Broker (IB) accounts that are linked together which makes it very easy to instantaneously go from viewing any one of these accounts to another using either the IB or Global interfaces. Advantages of using Global are that they will autotrade virtually any newsletter (whether or not it is listed on their web site) and their customer service is exceptionally good and responsive. Hence, upon my request, Global quickly agreed to autotrade a stock alerting service that is not autotraded by any other broker and they made the changes needed so that I could allocate two services based on a percentage of my total account value rather than on a defined dollar amount per trade. To illustrate the unusual high level of customer service provided by Global I looked back over my email records and found, for instance, that they responded to questions within 15 min on a Saturday morning, within 5 hrs on a Saturday evening, and within an hour on a Sunday afternoon. Also, they replied at 6:53 AM on Saturday morning to a question that I emailed to them at 11:47 PM the night before! Although I have autotraded with 4 different brokers, none can even begin to compare with Global.

SMRM

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Fastest Executions

FASTEST EXECUTIONS

You_r_busted

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Faster than a Speeding Train

Very Fast executions. I'm using Global for Auto Trade with The Spread Trader from Taking Profits. Fills are faster than lightning.

Travelerpete

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Fastest executions I have ever used

Very fast executions.

Cpat8525

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Fast, accurate executions. What else do you need?

I just started using Global AutoTrading in conjunction with Interactive Brokers and so far it has worked as promised. It executes the trades from the newsletter I selected in a timely fashion and the interface is easy to use. Furthermore, when I had a question I got a response very quickly.

Other reviews have noted that it doesn't have all the tools that some other autotraders have (like being able to allocate funds by number of contracts or percentage of portfolio), but to me these types of things are bells and whistles that you don't really need. I prefer a service that does the main thing right.

I haven't tried any other autotraders though, so maybe I am missing something. However, I selected Global because they seem to have the best track record for fast executions and good fills. As long as my trades are executed quickly at the correct fill prices then I am happy.

Currently I am only autotrading one newsletter, which makes the fee $70 per month. I plan to add 1-2 more newsletters in the future. The cost for the second newsletter is an additional $30, while each subsequent newsletter is an additional $10. Combine this with the low commissions from Interactive Brokers and I think these fees are reasonable for an approach that makes trading completely hands-off.

Tonybaloney

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