What are the risks?As with all trading, there are risks, including risk of investment loss, to making trades via Autotrade depending on the type of trading you are doing.
First, you will need to upgrade your account in order to access the Autotrade service.* And you can terminate Autotrade at any time. Trades are automatically entered for you.Ĭontrol - You determine your allocations on a per trade basis. TradeWise and third-party newsletter recommendations cannot be executed in IRAs through the Autotrade service.Ĭonvenience - You don't have to take the time to enter a trade when your newsletter provider makes a trade recommendation. There are subscription fees for the third-party newsletters and all trades initiated via Autotrade are subject to your individual commission rates and fees as a TD Ameritrade client. Autotrade is available at no additional fee. What is autotrade?Autotrade is a service that automatically enters trade recommendations you receive from TradeWise and other third-party newsletter providers into your TD Ameritrade account. Tradewise newsletters appear to be free of charge and likely the default option for autotrade. It looks like you only have to pay for the third-party newsletters. Here is the verbiage directly from TD Ameritrade's website. However, the recommendations for trades come from the newsletters. It's an upgrade to your account, the service itself is free through TDAmeritrade.
