Recurring buy feature has been renamed to Auto-Invest as of 8th January 2024 (app version 10.2.0)
The Auto-Invest feature allows you to schedule automatic purchases of share(s) or ETF(s) on a daily, weekly or monthly basis. This makes it simple to dollar-cost average and stay consistent with your investment plan with Syfe Brokerage.
Currently, you can set up auto-investments in the below markets:
- US Market → Auto-invest is available only for securities that support fractional trading.
- Singapore Market (SGX) → Auto-invest is available only for securities in standard lots (minimum 100 shares).
Please find the steps below on how to set up Auto-Invest in App:
How does Auto-Invest work?
Your auto-investment order will be placed 4 hours before market open on the scheduled date. The required amount will be deducted from your buying power at that time. Once the market opens, the order will be executed at the prevailing market price.
It is important to note that if you don’t have sufficient buying power on the scheduled date, your auto-investment will be skipped and resume on the next scheduled date.
If the scheduled date falls on a holiday or weekend, the order will be placed on the next trading day. If your chosen date does not exist in a particular month (e.g., 31st), the order will be placed on the last day of that month
How can I amend or cancel an Auto-Invest order?
Once set up, your instructions will appear under ‘Holdings’ > ‘Auto-Investments’. From there, you can skip, amend, or delete an order.
Steps to manage Auto-Invest orders:
- Log in to your Syfe account and select Trade (Brokerage).
- Go to ‘Holdings’ and tap ‘Auto-Investments’ at the bottom.
- Select ‘View all auto-investments’.
- Find the auto-invest set up for the respective ETF/security under its timeframe.
- Choose to skip, amend, or delete, then submit your instruction.
