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What is a Recurring Buy order, and how does it work?

A Recurring Buy order automates buying stocks or ETFs. You can choose which instrument you want to purchase, how much you want to buy, and how often you want to buy it.

To set up a recurring buy order, follow these steps:

  1. Navigate to the 'Invest' tab in-app;
  2. Tap 'Trade' and select your desired instrument;
  3. Tap 'Buy' in the top right corner of the order screen;
  4. You'll find a 'Market order' drop-down menu that'll reveal the available order types;
  5. Tap 'Recurring buy'.

Future orders will be placed one hour after the market opens. If the scheduled order falls on a non-trading day, the order will be executed the next trading day.