Q: What is the execution price for buying shares on the day of scheduled investments?
After a US stock Recurring Investment is set up, the system will place a market order at around 10:30 AM ET on the selected date. To limit the investment amount from being exceeded, the actual order amount is determined by multiplying the investment amount by a factor within the range of [0,1]. The actual number of shares ordered is calculated by dividing the actual order amount by the market price, rounded down to four decimal places. If it's not a trading day, the order will be rescheduled for the next trading day.
For example, Mr. Wang sets a monthly investment of $10 in AAPL. With a factor of 0.85 and AAPL's share price at $100, the order will be for 0.085 shares. So, a market order for 0.085 fractional shares of AAPL will be placed.
Note: If the remaining balance is not enough to buy one whole share, it will be used to invest in fractional shares.
Q: Why did my Recurring Investment buy 0 shares while my funds were sufficient?
The reason may be due to one of the following:
Illiquid market or extreme weather
Other extreme situations such as problems with an upstream service provider that can't be resolved immediately
Note: These events will not affect your upcoming scheduled investments in your Recurring Investment
Q: Will there be any charges if my Recurring Investment fails?
There will be no charge for a failed Recurring Investment.
Q: What do I need to be aware of when paying with my universal account?
Please make sure there are sufficient funds in your universal account on the execution date to avoid failure.
The Recurring Investment will be automatically cancelled after 3 consecutive failed investments due to insufficient purchasing power. You can set up the plan again and try again with sufficient funds on the execution date.
Q: How do I sell from my Recurring Investment?
Recurring Investment works just like any other trading account. You can sell your positions by going to:
Trade page > Select an order type > Enter the order information
Q: What will happen to my Recurring Investment if the stock is suspended from trading?
The investment on that day will fail, and you will not be charged for it.
Q: What if I can't find the stock I want to invest in?
Recurring Investment with Moomoo supports investing in selected US stocks and ETFs. Go to:
Recurring Investment > Popular > View All
If your desired stock is not on the list, please contact us.
Q: Can I adjust or stop my Recurring Investment on the execution date?
You can suspend, cancel, and adjust your Recurring Investment before 9:00 AM ET on the execution date. Changes made after 9:00 AM ET will take effect on the next day.
Q: What kind of investors may consider Recurring Investment?
Recurring Investment makes investing simple for new investors and those looking to free up their time by establishing a plan for long-term investments. The entry threshold for Recurring Investment is relatively low. You can invest in selected stocks at a lower cost. Value investors can also use Recurring Investment to manage risks.
Q: What stock should I hold in my Recurring Investment?
Recurring Investment with Moomoo supports a list of stocks whose performance are relatively stable, and some of them may pay dividends regularly. You can use Recurring Investment to invest in quality stocks and get started at a lower threshold with fractional trading.
Q: How do I set up my Recurring Investment?
a. Open the app, and go to Accounts > More > Recurring Investment.
b. Create an investment plan or pick a stock from Popular to start.
Q: Which US stock and ETFs can be invested in my Recurring Investment?
All the stocks and ETFs that support fractional shares trading can be invested in through your Recurring Investment. You can pick your desired underlying from Popular or the Recurring Investment Stocks list.
Q: Can Recurring Investment investors enjoy the same rights as normal shareholders?
Yes. Recurring Investment investors can enjoy the same rights as other shareholders.
Q: Will my Recurring Investment lead to difficulties in closing positions due to fractional shares trading?
Fractional shares trading is available on Moomoo, which means you can easily buy or sell less than one share of a stock. You can also invest regularly until enough shares are accumulated for whole units, enabling round-lot trading.
Q: Will there be any losses if I cancel my Recurring Investment?
There is no charge for cancelling the Recurring Investment. No further buy orders will be executed after cancellation.
Q: What will happen to my Recurring Investment if the stock is suspended from trading?
The investment on that day will fail. Upcoming scheduled investments in your Recurring Investment won't be affected.
Q: Why is there a difference between the investment amount and the actual order amount
After a US stock Recurring Investment is set up, the system will place a market order at around 10:30 AM ET on the selected date. To limit the investment amount from being exceeded, the actual order amount is calculated by multiplying the investment amount by a factor (with a range of [0,1] and subject to adjustments as required). The number of shares ordered is based on the actual order amount divided by the market price and rounded down to four decimal places.