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 Trade.
At the moment, you may set recurring buys only for securities that can be traded fractionally, as only market orders by dollar is supported for recurring buy. Thus, kindly note that recurring buy is only applicable to the US market and not available for the SG market.
You may follow these easy steps below to create a recurring buy order:
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.
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.
- Log into your Syfe account and toggle to Syfe Trade.
- Click on the 'Portfolio' icon on the bottom left of the screen
- Click on 'Upcoming Recurring Buy' in the middle of the page
- Click on 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 instruction.