Clients of electronic trading major Interactive Brokers LLC can now use a new Recurring Investments tool to setup and execute a predetermined investment strategy by automatically investing funds on a recurring schedule.
Traders can select from almost any US and European shares, choose a start date, and then select whether they want to invest on a daily, weekly, or monthly schedule. On the start date, the trade will execute soon after the market opens and then repeats according to one’s predefined schedule.
Recurring Investments uses fractional shares trading to help traders get more for their money. With fractional trading, traders can divide their investments among more US or EU stocks and put small balances to work.
In addition, Interactive Brokers’ standard, low commissions for stock trading applies to recurring investments.
Requests to participate in IBKR’s Recurring Investment program are initiated online via Client Portal. Select the Trade menu option followed by Recurring Investments.
