Autotrading Fees
Per-Account, Per Allocation Fee
Global AutoTrading charges a flat per-allocation, per-account monthly fee for autotrading for accounts that have less than $100k in use:
- The first allocation in an account costs $70 per month;
- the second allocation only costs an additional $30 per month;
- each subsequent allocation only costs an additional $10 per month.
Newsletters with Multiple Allocations
Some newsletters require more than one allocation line (for example, if the newsletter trades both stocks & options); each allocation line counts as an allocation for autotrading billing purposes. Clients can chose to autotrade only stocks or options (or both).
Large Accounts
For accounts which have more than $100k of capital in use, a multiplier is applied to the per-allocation fees described above. The multiplier is the account's capital in use divided by 100,000. For example, an account with 150k USD in use with a single allocation would pay $70 x (150k / 100,000) = $70 x 1.5 = $105 per month. The capital in use value will be the highest value in the current calendar month.
Multiple Accounts
Clients that autotrade in multiple accounts get 20% off of their monthly autotrading fee for their 2nd and subsequent accounts (whether they are trading the same newsletters or not).
Please visit our current promotions page to discover the various exciting discounts available!
Cancel Anytime
There is no long term commitment required, and you do not need to prepay for more than one month at a time. If you stop autotrading with at least 3 days notice before the next billing date, you will not be charged for the next month.
Billing Cycle
Generally, fees are charged on the first business day of the month. Fees for the first month will be charged when the free trial ends, and will be prorated for the remainder of that first month.
Brokerage Fees
In addition to our monthly autotrading fee, clients need to pay commission fees and other fees brokers typically charge (such as margin interest, if you borrow money from the broker), as well as 3rd party fees (like exchange fees). However, clients may be able to benefit from discounts that brokers offer to Global AutoTrading clients. Please see your broker's web site for more details about their fees.
Newsletter Subscription Fees
Clients will also need to pay newsletter subscription fees directly to the publishers for newsletters to be autotraded. Please see our current promotions page for discounts that may be available to Global AutoTrading clients.
Why a Monthly Fee?
Global AutoTrading does not mark up broker fees. What your account is being charged by the broker goes all to the broker or other 3rd parties like exchanges.