Auto-invest is an exciting new feature that allows you to set up a recurring investment on an existing stock.
How do I set up auto-invest?
- Navigate to your portfolio and select the desired holding
- Scroll down and click SET UP AUTO-INVEST
- Enter the Auto-Invest Amount
- Select Frequency (Daily, Weekly, Biweekly or Monthy)
- Select the day of the month you'd like to auto-investment to occur
- Slide to Continue
- Click Submit
When will my order be placed?
Your auto-invest order will be placed as a Market / Market then Limit order after the market opens on the scheduled date and your available funds for this order will be deducted.
What happens when I create an auto-invest schedule and the market is open?
If you create an auto-invest schedule while the market is open and the schedule is set to daily, or for the same day of the week or date of the month, the first order will be placed immediately.
If the market is closed, the first order will be placed at the next scheduled interval (the next day, week, or selected date of the month)
What happens if my scheduled order date does not exist for the month?
If your auto-investment is scheduled on the 31st of every month and the month does not have 31 days, your order will be placed on the last trading day of the month instead.
What if my scheduled order date falls on a non-trading day?
If your scheduled order falls on a non-trading day, it will be placed on the same day but executed only on the next trading day.
What brokerage is charged for auto-invest orders?
Auto-invest orders are placed as standard market orders. Most customers pay our $9.50 flat-fee brokerage fee (AU and US) for each order that is partially or fully filled. Customers with an adviser will be charged Adviser brokerage rates for Australian auto-invest orders, which vary based on the order value.
What happens if I don’t have enough funds for my scheduled Auto-Invest order?
Auto-Invest will place a market order for the largest amount of shares that could be filled without exceeding the scheduled dollar amount.
If your available balance can cover the market order amount, we’ll still attempt to place the order — even if it’s less than your scheduled amount.
If your available balance can’t cover that market order amount, no order will be placed. You will receive reminders to add funds to your account before the next scheduled order date.
Example 1 - When your order will be placed.
You have an Auto-Invest scheduled monthly for $500 in MQG.
You have an available cash balance of $450.
On the morning your Auto-Invest is scheduled, MQG is trading at $211.25.
- $500 ÷ $211.25 = 2.36 shares
- Auto-Invest can only buy whole shares, so the largest order is 2 shares
- 2 shares × $211.25 = $422.50 (plus brokerage)
Because your available cash balance ($450) is enough to cover $422.50 + brokerage, your Auto-Invest order will be placed.
Example 2 - When your order won’t be placed.
You have an Auto-Invest scheduled monthly for $600 in REA.
You have an available cash balance of $250.
On the morning your Auto-Invest is scheduled, REA is trading at $189.15.
- $600 ÷ $189.15 = 3.17 shares
- Auto-Invest can only buy whole shares, so the largest order is 3 shares
- 3 shares × $189.15 = $567.45 (plus brokerage)
Because your available cash balance ($250) is not enough to cover $567.45 + brokerage, no order will be placed.
How do I make changes to an auto-investment?
View your upcoming auto-investments in Order details or Portfolio. Tap on the pen icon to edit, delete, or skip your auto-investment. All changes will apply only to the next order. If the order is placed but not yet executed, you can only delete it (in Open orders).