AutoShares Company

AutoShares Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

AutoShares is an online brokerage firm that specializes in automated trading services for stocks, options, and ETFs. Founded in 2003, the company has positioned itself as a platform catering to both casual investors and tactical traders.

Parent Company/Ownership Structure

AutoShares operates as a division of TradePro Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission (SEC). TradePro is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC), which provides a degree of security for client funds.

Headquarters Location

The company is headquartered in the United States, with its operations extending across various states and territories, making it accessible to a wide range of clients.

Global Business Scope

AutoShares primarily focuses on the U.S. market but is also involved in providing services to international clients. The firm offers a range of trading options that cater to diverse investment strategies.

Main Regulatory Bodies

AutoShares is regulated by several key bodies, including:

• Securities and Exchange Commission (SEC)
• Financial Industry Regulatory Authority (FINRA)
• Securities Investor Protection Corporation (SIPC)

2. Company History and Development

Key Milestones

Since its inception, AutoShares has achieved several key milestones, including the launch of its proprietary auto trading platform that allows users to automate their trading strategies based on alerts from various third-party providers.

Business Expansion Journey

Over the years, AutoShares has expanded its offerings to include a variety of financial instruments, including stocks, options, and ETFs. The company has continually updated its platform to enhance user experience and trading efficiency.

Customer Base Growth

AutoShares has seen a steady increase in its customer base, attributed to its focus on automated trading solutions that appeal to both novice and experienced traders. The platform's user-friendly interface and robust trading tools have contributed to this growth.

Platform Development History

The AutoShares trading platform has evolved significantly since its launch. The introduction of automation features and integration with third-party trading signals have made it a competitive option in the online brokerage market.

Important Awards or Recognitions Received

While specific awards and recognitions are not extensively documented, AutoShares is noted for its customer service and innovative trading solutions within the industry.

3. Trading Services Offered

Forex Trading Options

AutoShares does not prominently feature forex trading in its offerings. However, it provides access to a wide range of currency pairs through its trading platform, catering to clients interested in currency trading.

Stock Trading Options

Clients can trade a variety of U.S. stocks through AutoShares. The firm charges a commission of $6.95 per trade for stocks and ETFs, which is competitive within the industry.

CFD Trading Products

Currently, AutoShares does not offer Contracts for Difference (CFDs) as part of its trading services. The focus remains on stocks, options, and ETFs.

Other Financial Instruments

AutoShares offers a selection of financial instruments, including:

• Options trading with various strategies (e.g., iron condor, butterfly options)
• ETFs
• Mutual funds
• Bonds

Special Services or Unique Advantages

One of the unique advantages of AutoShares is its automated trading execution platform, which allows users to set trade parameters based on alerts from third-party publishers. This feature is designed to streamline the trading process and enhance trading efficiency.

4. Regulatory and Legal Background

Detailed Regulatory Information

AutoShares is subject to regulation by:

• Securities and Exchange Commission (SEC)
• Financial Industry Regulatory Authority (FINRA)
• Securities Investor Protection Corporation (SIPC)

Legal Entity Structure by Region

In the United States, AutoShares operates under the legal entity of TradePro Securities, Inc. The company is licensed to operate in all 51 U.S. states and territories.

Client Fund Protection Measures

As a member of SIPC, AutoShares provides protection for client funds up to $500,000, with a maximum of $250,000 for cash claims. This offers clients a degree of security in the event of financial difficulties faced by the brokerage.

Countries/Regions Served

Primarily serving clients in the United States, AutoShares also caters to international clients, although specific restrictions may apply depending on local regulations.

Compliance History

AutoShares maintains a compliance framework to adhere to regulatory requirements set forth by the SEC and FINRA. The company has not faced significant compliance issues that would affect its operations or reputation.

5. Competitive Landscape

3-5 Main Competitors

AutoShares competes with several other online brokerage firms, including:

• TD Ameritrade
• E*TRADE
• Charles Schwab
• Interactive Brokers
• Robinhood

Positioning in the Industry

AutoShares positions itself as a technology-driven brokerage that emphasizes automated trading solutions. This focus helps differentiate it from traditional brokerage firms that may not offer the same level of automation.

Market Differentiation Factors

Key factors that differentiate AutoShares from its competitors include:

• A user-friendly automated trading platform
• Competitive commission rates for stock and ETF trading
• Integration with third-party trading signals and alerts

Conclusion

AutoShares is a notable player in the online brokerage industry, particularly for those interested in automated trading solutions. With a robust regulatory framework, a diverse range of financial instruments, and a commitment to customer service, AutoShares continues to attract a growing customer base. Investors looking for a platform that combines automation with a variety of trading options may find AutoShares to be a suitable choice.

Learn more about AutoShares and its offerings.

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