|
About Speedtrader Auto
Trading *
- You control your account. SpeedTrader will follow
your newsletter or advisors trade recommendations.
- You authorize SpeedTrader to follow the newsletter
or advisory service of your choice using the forms
provided in your new account package.**
- You just need to complete the account application
and auto trading forms and submit them to us. Once
your account number has been assigned, and funds
have been sent to your account, your Auto Trading
service can begin.
- Auto trading will continue in your account until
your subscription expires unless one or more the
following changes are made in writing:
- A change of the dollar amount, or number of
shares/contracts assigned for each trade.
- A change of the specific services (by proper
name) to be auto traded.
- A change in your auto trading status from
active to inactive, or back to active from inactive.
- All programs listed as “sell only,” will be
terminated upon sale of the last position for
that program, unless requested otherwise.
- You can change the Auto trading service options
at any time.
Click
here to update your auto trading account.
- You can combine your own trading with auto trading.
You can use your SpeedTrader account to buy and
sell options and stocks on your own. If you want
to sell a position before your newsletter or advisor
does, call 1-800-874-3039 and say: “I want to sell
a position, remove this trade from my Auto Trading.”
This should be followed by a written correspondence in an email as well. Customers
will be held responsible for duplicate trades, if
they have not contacted Speedtrader to turn off
the service after manually placing a trade or
cancelling an order.
IMPORTANT: If an existing position in your account
matches an auto trade closeout recommendation, SpeedTrader
may close the entire position (including your existing
position) when your newsletter or advisory service
recommends doing so. When closing a position, SpeedTrader
may not be able to differentiate between positions
acquired through auto trading and those positions
acquired by the account holder.
- Sufficient funds must be available in your account.
No trading will occur, regardless of the instructions
from your newsletter or advisory service, unless
there are sufficient funds available in your account.
SpeedTrader will only place an auto trade in an
account having available cash or buying power to
place the recommended auto trade. SpeedTrader will
not place option auto trades that will result in
additional margin debt. If your auto trading program
requires or recommends the use of margin, SpeedTrader
requires pre-authorization.
Complete and Send Your Paperwork
Address:
SpeedTrader.com, Inc.
1717 Route 6 Suite 101
Carmel, NY 10512
Fax:
1-845-622-4878
Do you operate an newsletter
or advisory service? Click
Here
* The commission fee for auto trading
is .01 per share with a $9.95 minimum per trade for
stocks. Options are charge $9.95 per ticket, plus
$1.25 per contract.
* Plus ECN/exchange fees, when applicable as describe
on our site. We always try to use free routes for
auto-trading to avoid ECN fees, if possible.
* Clients must read and sign all auto trading disclosures
and sign all authorizations before beginning auto-trading.
** IMPORTANT NOTE: Some
of the services listed on our "Newsletters and
Advisors" page are only newsletters and may not
be
run by Registered Investment Advisors (RIAs). We do not and
cannot make any warranty or guarantee about the
performance or investment strategies of any of these
newsletters or advisors. Please do your own research
about the companies listed that are offering
auto-trading picks before you make any decisions
about who to use.
SEC
Auto Trading Disclosure
|
