Recurring buy feature has been renamed to Auto-Invest as of 8th January 2024 (app version 10.2.0)
Auto-Invest feature enables you to set a scheduled day in a week or month to automatically purchase share(s) or ETF(s) of your choice. This way, you may dollar-cost average with ease on Syfe Brokerage.
At the moment, you may set up auto-investments only for securities that can be traded fractionally for US stocks. For SGX stocks, you may set up auto-investments for securities with value to the nearest round lot.
You may follow these easy steps below to set up an auto-investment:
Your auto-investment will be placed 4 hours before the market opens on the scheduled date and your buying power for this order will be deducted. Once the market opens, your order will get executed at the market price.
Please note that your auto-investment order will not be placed if you do not have sufficient buying power on the scheduled date. In such cases, your auto-investment will be skipped until the next scheduled date.
If your scheduled date falls on a non-trading day (i.e. trading holidays or weekends), your order will be placed on the next trading day instead. Additionally, if you have scheduled an auto-investment on a date that does not exist in a particular month (e.g. 31st of the month), your order will be placed on the last day of that month instead.
Once you have set up an auto-investment, you will be able to view it under ‘Upcoming auto-investments' on your ‘Portfolio’ tab. You may skip, amend or delete your auto-investment from here as well.
You may follow these easy steps below to skip, amend or delete an auto-investment:
- Log into your Syfe account and toggle to Brokerage.
- Click on the 'Portfolio' icon on the bottom left of the screen
- Click on 'Upcoming Auto-investments' in the middle of the page
- Click on the orange pencil icon on the top left of the tile for the instruction you wish to skip, amend or delete and select the option.
- Submit your instructions.