Metacortex

Automated Trading Service

 

You would like to follow the recommendations of an investment newsletter, but don't have time to place the recommended trades on a timely basis?

Note: please visit Metacortex' Global AutoTrading site at http://global-autotrading.com .

Perhaps you know of an investment newsletter's track record and would like to follow their recommendations. However, you don't have the time to monitor your email account all day to be on the look-out for trade alerts.  You might have noticed that prices for equities and options often seem to react after a buy/sell recommendation from the newsletter. The more time elapses between a recommendation is sent out and the time you place your order, the more profit you potentially lose.

Metacortex’s automated trading service is the answer you’ve been looking for. Metacortex waits for recommendations from investment newsletters and places resulting buy/sell orders on your behalf. It also monitors the price action of opened positions for sell signals as specified by newsletters, and closes positions automatically. If you’ve tried monitoring sell signals for dozens of positions, especially those that aren't a fixed stop order, you know this is not trivial. Depending on the broker, even fixed stop orders expire after 30 days and must be re-entered.

Metacortex’s service is very flexible. It doesn’t matter how many investment newsletters you subscribe to, or how many brokerage accounts you have (perhaps you have a personal account, a corporate account, an IRA account); the service will take care of your portfolio for you! Both equity and option recommendations are supported.

This is not a mutual or hedge fund. You will have your own brokerage account – you will just be giving Metacortex the right to trade in your account. You will be the only allowed to add and withdraw money from your account.

Try it free for one month!

Sign up for Metacortex’s automated trading service today and you will get to try it free for one month. If after one month you don’t feel this is the easiest and most economical way to manage your portfolio then you simply don’t subscribe and owe nothing.

How does the free trial work?

You simply open an account with Metacortex. This will be the same account that you use after your free trial is over. Metacortex will trade on your behalf in that account, the same way as when you are a full subscriber. Note that during that month, you will still need to pay the per trade commission fee (1$ / trade); it is only Metacortex’ subscription fee that is waived.

Furthermore, both during the free trial and afterwards, you must have an existing subscription to the newsletter(s) that you want autotraded.

Is it safe?

Each subscriber’s account is segregated from other subscribers. This means that both your money and your positions are kept in your own account just like at your existing brokerage accounts. You can monitor the positions in your account through a web site. If you want, you can also receive confirmation emails after each trade executed by Metacortex in your account. Finally, you can get account statements emailed you daily, weekly, monthly, quarterly and/or yearly.

You will be responsible for funding your own account. If you choose to fund your account by using checks, the checks are sent directly to the carrying broker, never to Metacortex. Likewise, if you choose to fund your account by using bank transfers, only you will be allowed to transfer money to and from your trading account. Metacortex will never have custody of your funds. The only thing Metacortex can do in your account is place buy/sell orders.

Who can subscribe?

Any resident from any country (except Canada) who is either at least 18 years old (for cash accounts) or 21 years old (for margin accounts).

Do I have enough money to invest?

You will only be charged 1$ per trade. This means that even if your average position size is only 100$, you still only end up paying about 2% in commission fees (1$ to open the position and 1$ to close it). Compare this to paying 20$ per trade, where even if your average position size is 1000$ (10 times as much!), you end up paying about 4% in commission fees. The more often the newsletter you follow sends buy/sell signals, the more you stand to benefit from these low low commission fees.

Now available to Metacortex subscribers... amazing portfolio performance analysis!

Does it seem difficult to track the performance of your portfolio? Do newsletters seem to advertise amazing returns, yet it just doesn't seem like your portfolio is doing quite as good? Can you visualize realized returns vs paper profits? Now free with your subscription to the Metacortex automated trading service, detailed portfolio analysis like you've always wanted! Here's what you get:

With that information, you will be able to decide to allocate more or less money to individual recommendations, based on their actual performance.

How much does it cost?

The fee charged depends on the frequency of the buy/sell signals emitted by the newsletters. It is typically 75$ / month for newsletters that issue 2 or less buy recommendations per month, and 150$ for newsletters that issue 2 or less buy recommendations per week. Some newsletters have multiple portfolios; the price quoted above includes all the portfolios for a single newsletter.

You have the choice of paying by credit card, PayPal account, or directly from your investment account. There is no long term commitment required, and you do not need to prepay for more than one month at a time. If you cancel your subscription with at least 15 days notice before the next billing date, you will not be charged for the next month.

In addition to the subscription fee, you will need to pay commission fees (1$ / trade) and other fees brokers typically charge (such as margin interest, if you borrow money from the broker). Metacortex' commission fees are the lowest out there.

Here is more details about that 1$ / trade fee: the commission fees for equity trades are 0.005$ per share, with a minimum of 1.00$ per order and a maximum of 0.5% of the value of the order. The commission fee will be only 1$ for all orders of 200 shares or less. Option trades are 0.70$ / contract, with a minimum of 1$ / trade. Such low fees make it possible to start following newsletter recommendations with a small portfolio and not have all profits eaten up by commission fees.

You will agree that you get tremendous value for a total fee that is likely lower than what you are currently paying right now for an execution-only brokerage account. And if you use a full-service broker to place your newsletter recommendation trades for you, we simply haven’t seen anyone that even comes close to the low fees that Metacortex charges. Furthermore, even these full-service brokers don’t have Metacortex’ automated service, providing you the fastest execution possible. Don’t wait another day and try out Metacortex’s automated trading service now!

All fees described are in US dollars. 

Top 10 reasons to subscribe

10. Available for IRA accounts or personal or corporate accounts, with or without margin; you can have as many accounts as you want

9. Secure! Metacortex customers holdings are segregated from each other, and Metacortex never has custody of your funds. Plus, unlike a lot of other brokers in the US and around the world, Metacortex is not affected by the credit crunch, since we didn't mess with our clients' money

8. Easily transfer positions from other brokers into your account

7. Have multiple newsletters' recommendations managed automatically

6. Your trailing stops are managed for you automatically – you don’t need to re-enter limit sell orders with your broker every 30 days.

5. Get the fastest execution times possible after buy/sell recommendations are emitted by newsletters

4. Even including Metacortex’s monthly subscription fee, save tons of money compared to using a full-service broker to manage your portfolio… You might even save money compared to using a discount broker

3. You never need to interrupt your work or other daily activity to place orders after receiving an email from the newsletter, or to act on trailing stops during the day

2. No long term commitment! First, you get to try the service free for one month; then, you never need to prepay for more than one month at a time; finally, you can cancel anytime you want

1. Honestly, if someone else had come up with such a service at this price before Metacortex did, I would subscribe to it.

What if Metacortex doesn't currently support the investment newsletter that I like?

The Metacortex automated trading service uses a flexible system to listen to newsletter recommendations emitted electronically. 

If you are subscribing to a newsletter that Metacortex doesn't currently track but would like Metacortex to manage your portfolio for you, let us know! Just send an email to suggestanewsletter@metacortexservices.com to let us know that you would like Metacortex to track your newsletter. If we get enough requests for the same newsletter, we will add it to our list of supported newsletter.

You should also tell the publisher of the newsletter to contact Metacortex; that way, even if not enough individuals contact Metacortex about their interest in a newsletter, there is also the possibility that Metacortex will strike a deal directly with the publisher of the newsletter.