Stock broker automated trading
By Aaron Smith on July 14, at In the first articlewe took a look at exactly what autotrading is and how it got started.
In this second part of the series, it is now time to investigate which online brokers offer special autotrading platforms. These online brokers are at the forefront of a movement that I believe is here to stay.
Expect more online brokers to get autotrading platforms over the next few years. OptionsXpress — OptionsXpress is well-known for having an impressive trading platform, and this is an online broker who has taken the lead in the move toward autotrading programs.
The Xecute program was designed specifically for automated trading purposes.
Automated Trading Systems - Brokers & Setup Guide
There are no extra fees on each transaction using the Xecute system. There is no minimum necessary to begin using this program and OptionsXpress has done a very good job establishing a relationship with a lot of different investment newsletter publishers. The Autotrade platform here gives investors six different allocation methods to utilize. The six methods are: This allows the investor a plethora of different options for allocating Autotrade transactions into his or her portfolio.
TradeKing — TradeKing received high marks in the stockbrokers. TradeKing has firmly established itself as a major player in the industry because of high-quality customer support and low-cost transactions.
The TradeKing AutoTrade platform is a fairly basic one, but it is extremely cost-effective. Many of the leading newsletter providers are available through this platform. This an online broker that has done a good job listening to its customers.
This broker has added many investment newsletter publishers over the last few months as customers continue to recommend new stock broker automated trading. While how to make money in cafeland is not quite the high-tech system that Unary boolean operator java or thinkorswim offer, tradeMONSTER does a good job executing trades in a timely manner.
You can read more about each of these brokers in our online broker reviews. A select few were also acknowledged in our Online Broker Review for Autotrading as a Most Unique Tool. It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. Operating as an online business, this site may be compensated through third party advertisers.
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