There are at least 3 parties involved (at least 3 because some clients have multiple newsletters, multiple brokers):
- Global AutoTrading: you are here, so you found us already. Global AutoTrading is an awesome autotrading service, but is not a broker; clients just give Global AutoTrading permission to trade in their brokerage account.
- Broker: Clients need a brokerage account for Global AutoTrading to trade in. Not any brokerage account; it has to be with a broker that works with Global AutoTrading. If you have a brokerage account with a broker that is not on our list, please contact them and ask them to work with Global AutoTrading. The current list of brokers is tradier, Interactive Brokers, and AutoShares. Please note that Global AutoTrading may be getting a referral fee from brokers for each new account and/or ongoing payments.
- Newsletter: sometime called services or systems, they're the ones providing email alerts that Global AutoTrading converts to orders that are sent to your brokerage account.
What should one do first?
- Select a broker from our list, and then fill out this form to let us know; we will send you more detailed instructions on how to proceed depending on the broker, your country of residence, and if you already have a brokerage account or not.
- Global AutoTrading currently works with the brokers listed above. Each broker has different fees & services.
- If you already have an account with a broker that we work with, select "I would like to autotrade in my existing brokerage account". We will send you instructions for how to link your account to Global AutoTrading. Don't fill out this form if your brokerage account is already linked to Global AutoTrading.
- Otherwise, select "I would like to autotrade in a new brokerage account". We will send you instructions for opening a new account that is already linked to Global AutoTrading.
- Once you have had the fun & excitement of opening a brokerage account and providing the broker with all the documentation they need, you should have a broker account that is linked to Global AutoTrading; the next step is to fund the account.
- Each broker has its own procedure for funding accounts.
- In general, the fastest way to fund accounts is with a wire transfer (takes a few hours to reach the broker, and there shouldn't be any hold on the funds). They tend to be a bit more expensive, so double check with your bank and broker to make sure the time saved is worth the fees to you.
- When your broker account is funded and linked to Global AutoTrading, Global AutoTrading will email you your Global AutoTrading web site credentials, and some instructions.
- Among other things, you will need to fill out some Global AutoTrading forms.
- You will also be able to access Global AutoTrading's allocation page, where you can specify which newsletters to trade, and how much to allocate per trade.
- After you set your allocations, Global AutoTrading will contact the newsletter publishers to confirm that you have purchased a valid subscription with them.
- Around the same time as you set your allocation(s) in the step above, you can purchase your subscription to the newsletters you would like us to autotrade. Doing this step last makes sure you don't pay for a subscription that cannot yet be autotraded.
- Global AutoTrading does not charge anything until autotrading begins, so you can take your time looking for newsletters if you like.
That's a lot of steps, but once you go through this, autotrading can start and it should be smooth sailing from there.