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Global AutoTrading

Global AutoTrading specializes in autotrading equities and options, including fast moving instruments like spreads and other combinations. US and International traders are welcome. While Global AutoTrading will soon expand to other brokers, we currently use Interactive Brokers, thus commissions start from $1 per equity trade and $0.70 per option contract. Traders that have an existing account with IB don’t need to open a new account – Global AutoTrading can trade in your existing IB account!

 

 
 
 
18 Total Reviews
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5-Star       (15)
4-Star       (0)
3-Star       (1)
2-Star       (2)
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Top Review
 
Excellent Execution And Great Customer Service
excellent execution; great customer service; profit from the IB fee structure, refinance the fee of Glabal Auto Trading; nice choice of...
nummy33
 
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Fast but Flawed
The good:

* Quick executions

* Fantastic fill communication

* Quick response to questions

* They add every newsletter out there.

The bad

1. They are liability-free. That is if they mess up a trade, you - not them - pay for that failure. I started also trading with TradingBlock because they told me in the event they screwed up an order - they would swallow the loss. I haven't asked other brokerages, but I would guess they have deeper pockets to handle such rare events. That alone helps me sleep better. (That being said, GAT has never messed up an order for me).

2. They don't want large accounts. I've got an account that is largely sitting in cash, but over 100k. They are now taxing me on that additional cash. I can't really fathom why since (viz-a-vie #1) they don't accept any additional liability. Trading 1 contract or 100 contracts should make no difference to them. Its no additional work. Worse, they don't even tax me on the cash I put to work through their system but the entire value of my account. So if I want a cash reserve - thats taxed. They found a way to get more money from larger accounts.

3. In some instances - they may just not trade your account. I only experienced this once. But I was informed by GAT that they decided they were not going to create an order for a trade alert issued by a newsletter I subscribed to. This affected everyone one at GAT using the same newsletter. Their recommendation was that I work with the provider to come to some resolution. First, this is exactly why I thought we were paying GAT... so we don't have to be involved. I expect them to get on the horn and resolve the issue. If the alert was not clear - get on the horn. If the alert violated some allocation limit - get on the horn. Secondly, during this instance, all other autotrading services did not have a problem with the alert - just GAT.

4. This probably goes without saying - but GAT is interested in the easiest fill not the best one. They are not going to work a fill for you unless explicitely directed to by newsletters. So this means some newsletters are less optimal to work with. Its really cool that they follow 7MinuteTrader, but they always go for the lowest/easiest fill (I have no option). I can't imagine how 7MinuteOption would work since many times I have seen alerts to get out at x.xx or better and the market never made it that price after the alert.

I want to love GAT... in fact a year ago I did. But these recent changes that have me paying more for less leave me nervous.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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Fast and Super
The fills are excellent. I am using the Taking Profits Power Options with Global on auto trade and I have made over $147,000.00 trading options. Excellent broker, excellent CS.

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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.

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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!

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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 !

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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.

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Excellent
Definately one of the best. Superfast executions

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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.

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Fastest Executions
FASTEST EXECUTIONS

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Displaying 1-10 of 18 Total Reviews
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