What is recurring buy feature?

Recurring buy 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 recurring buys only for securities that can be traded fractionally for US stocks. For SGX stocks, you may set recurring buys for securities with value to the nearest round lot.

You may follow these easy steps below to create a recurring buy order:

 

What happens after the recurring buy has been set?
On the scheduled date, an order will be placed automatically four hours before the market opens. Your buying power for the recurring buy order will also be deducted. Once the market opens, your order will get executed at the market price.

 

Please note that your recurring buy order will not be placed if you do not have sufficient buying power on the scheduled date. In such cases, your recurring buy 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 a recurring buy 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.

 

Can I amend an existing recurring buy order?
Once a recurring buy has been set, you will be able to view it under ‘Upcoming recurring buys’ on your ‘Portfolio’ tab. You may skip, amend or delete your recurring buys from here as well.