General Information
AutoShares is an online brokerage based in the United States and a subsidiary of ViewTrade Securities and a member of the SIPC. The parent company of these two, ViewTrade Holding, Inc, established in 1989, provides information, tech, and brokerage solutions to banks, brokerage firms and businesses in the financial industries around the world.
Products & Services
Like other online brokers, clients can deal in Options, Bonds, Stocks, Mutual Funds, Futures and ETFs through AutoShares, and they trade on the international market.
Accounts
AutoShares offers USA Open Account: Standard Account, Joint Tenants with Rights of Survivorship, Joint Tenants in Common, Custodial Account, Organization Account, IRA Account, Margin Account (day trade & non-day trade). Those who want to open a margin AutoShares USA account need to have a minimum of $25,000 daily for the day trade margin account. On the other hand, the non-day trade margin account only requires a $200 minimum continuous balance. AutoShares also offers retirement accounts.
Commissions
AutoShares charges the following commissions for stocks and ETFs:
$6.95 per trade for each trade plan
Mutual funds–$49.95 per trade
Bonds–$35 per quoted bond
ACH funding–free
Phone assisted trades–$39.95 per trade
For option trading, AutoShares charges $4.95 per trade. This is subject to monthly volume.
Trading Platform
AutoShares provides clients with access to the worlds financial markets through the AutoShares WebTrader.
Deposit & Withdrawal
There are different ways of funding AutoShares account, such as ACH, check, DTC, Automated Customer Account Transfer (ACAT), wire transfer, security DWAC, and stock certificates. However, clients can only withdraw funds from an AutoShares open account in three ways: check, ACH, or wire.
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