Auto-trade is an extremely popular service for many of our subscribers. We highly recommend that subscribers consider using auto-trade to make trading as effortless and automatic as possible. Auto-Trade is a service that a number of select online brokers offer whereby an investor enters into an agreement with that broker, authorizing that broker to accept and enter trades in the investor’s account based upon our recommendations. This service provides subscribers with a completely effortless and “hands off” order placement service through the broker. Subscribers can initiate, set account parameters, maintain control at all times or even terminate the auto-trade feature through their broker, easily and at any time. see “Do you have access to my brokerage account(s)?”.

Let’s face it, we recognize that many folks are eager to start but may have “reservations” simply because  :

1)  It can be intimidating having to enter option trades within their account!

2)  Many folks simply do not have the time or do not wish to spend their time tied to their computer waiting for trade recommendation emails to arrive!

If you are one of those folks, there is good news!  Auto-trade is often the perfect solution.  The advantages of auto-trade include:

1)      Easy “Setup” through the broker.

2)      Trade recommendation orders (both buys and sells) are entered automatically through your broker on your behalf.

3)      Members often receive better trade execution results and often better “fill” prices due to the large “block” trades entered through the broker.

4)      There is NO COST to members!

5)      Members don’t have to worry about missing a trade recommendation!

This is truly a “hands off” service for placing our trade recommendations and is provided to you at no extra cost. So, whether you “have a busy life” or simply don’t want to deal with “anxiety attacks” over entering option trades, “Xecute^®” may be the perfect solution! To learn more about the auto-trade feature through optionsXpress^®, see auto-trade FAQ below or visit optionsXpress^®.

Auto-trade FAQ ….

Do we have to use auto-trade?

Absolutely not! Some subscribers prefer a more “hands on” approach and prefer to “trade” their own accounts. This is perfectly fine. As a member, you can choose to act on all, some or none of our trade recommendations. If you do not elect to use auto-trade, you are responsible for placing all trade orders and may elect to enter trades at a later time, modify the trade parameters, or simply elect to not act on a trade recommendation. Please note, however, that entering your own trade or trading your own account will not ensure that your performance will replicate our results. Order entries and the execution of those orders are extremely “time sensitive” and trading opportunities may only exist only within a narrow window of time. On the other hand, there may be instances where members enter a trade recommendation after a “posting” and market conditions are even more favorable, resulting in perhaps better “fill” pricing and execution. If your objective is to achieve the highest level of success in executing our trade recommendations within your account(s), we strongly recommend that you use auto-trade with your optionXpress account(s).

How do I set-up “auto-trade” on my account(s)?

Prior to signing up for the “Xecute ^™” auto-trade feature through optionsXpress^®, the following steps must occur:

1)     Open your optionsXpress^® brokerage account(s) – At this time, we only work in collaboration with optionsXpress and their “Xecute” auto-trade feature.  To take advantage of the auto-trade “Xecute” feature, you must either open, or have existing, account(s) at optionsXpress.  Prior to trading, you must also fund your investment account(s) and have been approved at an adequate “trading level”.

2)     Join Option Empire – Once your optionXpress account(s) is “open” and you have obtained the appropriate “trading level”, you are ready to join our service.  Joining our service is fast and easy!

3)     Signup for Auto-trade – Once your optionXpress account(s) is “open”, you have obtained the appropriate “trading level”, and you have successfully subscribed to Option Empire, you can assign Option Empire as your “Xecute” Investment Publisher through optionsXpress.  (Members can see more information about auto-trade and “Xecute ^™” our Members Area FAQ).  Members must maintain an “active” membership status in “good standing” in order to continue auto-trade with our service.

Please note: To activate and facilitate “auto-trade”, your brokerage account information must be the same as your personal information used to establish your Option Empire account.  More specifically, your name, home address, and email address must be identical on both your brokerage account(s) and your Option Empire account.   Please allow 5-7 business days for optionsXpress to setup your “auto-trade” feature and notify Option Empire.  If you have not joined Option Empire, or established your brokerage account through optionsXpress, your “auto-trade” request will be denied.  Also, please note that Option Empire will not approve auto-trading on business accounts.

Are there any extra fees to auto-trade?

No.  Neither Option Empire, nor optionsXpress, charge any fee to support or use auto-trade.  Please note, however, that applicable commission charges apply with or without auto-trade.

Is there a minimum account size to “auto-trade”?

No.  Option Empire does not require a minimum account size to take advantage of this service.  However, members should confirm “minimum account size” criteria, as well as any terms and conditions, with their brokerage firm.

Can I “auto-trade” more than one account?

Yes! Option Empire can facilitate your “auto-trade” feature on multiple accounts, under the same subscription, as long and the personal account information on your brokerage accounts is the same as your Option Empire subscription personal information. Again, this includes your name, home address and email address. For example, an Option Empire subscriber could auto-trade multiple individual accounts (if titled in the subscriber name), traditional IRA account(s), Roth IRA accounts(s) and even Joint Accounts, under one subscription with Option Empire. Again, all accounts must be “titled” to the same individual as the Option Empire subscriber. In the case of joint accounts, the primary (first person on the account title) must be the Option Empire subscriber. If any individual other than an active Option Empire subscriber is listed as the sole or primary account holder on any account at the brokerage firm, another Option Empire subscription must be obtained in order to “auto-trade” the account(s).

Do I have to “auto-trading” my entire account?

Absolutely Not!  You will establish your “auto-trading” parameters through the brokerage firm.  At that time, you can determine what percentage or dollar amount of your account(s) you wish you designate to “auto-trade”.  Again, once you make these elections, you have complete control over changing, terminating or re-establishing “auto-trade” features and parameters at any time.

Again, our Members Area contains more information regarding the proper “setup” and configuration of your auto-trading parameters.

Are trade executions guaranteed with “auto-trade”?

No.  Irregardless of whether you are using auto-trade or not, we do not guarantee the trade execution of our trade recommendations.

Where can I find more auto-trading questions and answers?

You can find more commonly asked questions and answers related to auto-trading in our Members Area FAQ.  However, in order to access this page, you must be an active subscriber to our service.  In addition, more information can be found at optionsXpress “Xecute”.

Please Note: Option Empire and its employees are not licensed investment advisors. We publish an educational investment newsletter. We offer investment trade ideas to subscribers and you may choose to trade all, some or none of our recommendations.  However, we do not manage your investments or act as your investment advisor. Option Empire does not provide individualized financial or investment advice, execute trades, have discretion over any investment account(s) and does not have access to any member investment account(s).  We do not make recommendations based upon personal or individual financial situations and do not consider subscribers overall investment allocation, objectives or risk tolerance. If you choose to trade or act on any of our trade recommendations, you are making an investment decision on your own, irrespective of whether or not you have signed up for Auto-trade with your broker.  For further information, please see our disclaimer.