| Comparison |
WiseReport |
AutoTrade |
| |
You think,
You choose,
You trade manually |
We think,
We choose,
You trade automatically |
| What do I get? |
Trade recommendations are published weekly on Tuesday mornings on our dedicated WiseReport website.
You will receive a username and password to log into the WiseReport website and access these issues.
An email will notify you of any new postings. |
AutoTrade issues will be published on our dedicated WiseReport website whenever there has been a
trading action on your account. You will receive a username and password to log into the
WiseReport website and access these issues. This is for your information only, and you will
have to take no further action. |
| How is it traded? |
You choose your trades and execute them personally (through your broker) on your trading account. |
Trades are chosen for you and executed automatically (according to your parameter setup) on your
optionsXpress trading account, using the optionsXpress "Xecute" automated online trading platform. |
| Which broker can I use? |
That is totally your choice. You could even subscribe to WiseReport withou having any trading
account or broker. |
You have to have an active trading account with optionsXpress. |
| Which markets will be traded? |
Trades are covering ASX and US markets, with Australian recommendations typically accounting for
20% of total recommendations. |
Trades are currently restricted to US market trades only. |
| How many trades per month? |
You are provided with a minimum of 4 recommendations per month. They are released on Tuesday mornings,
and you choose which (if any) you enter. |
There will be an average of 1 trade per week, with exact numbers and timing dictated by Market action. |
| What does it cost? |
WiseReport contains two areas of interest, "Bought Options" and "Spread Options" trades. You can
subscribe to both for an annual charge of $1,200 (AU), or to just one for $900 (AU). |
The AutoTrade service requires an initial setup fee of $190 (AU), and after that a monthly subscription
fee of $270 (AU). Subscription is for a minimum of 3 months, after which you can cancel the service
at any time. |
| Are there prerequesites? |
No, you just need access to a computer. |
Yes, you need a funded optionsXpress trading account. |
| Can I trial the service? |
Yes, if you haven't already, you can trial this service free for 30 days. |
No, there are no trial periods. But of course you can cancel any time after the intial 3 month
period is up. |
