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.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
1 of 1 people have found this review helpful.
Was this review helpful?