Q: Will my AutoBuy Plan use a fractional shares order?
AutoBuy Plans are executed using standard market orders. If the investment amount doesn't cover a whole share, the order will be rounded down to the nearest whole share. For example, if stock ABC is priced at $110 and the investment amount is $1000, you will be able to buy 9 shares.
Q: What happens if the investment amount I set for my AutoBuy Plan isn't enough to cover one share?
To execute an AutoBuy Plan, you must purchase a minimum of one share. If your investment amount is not enough to cover one share, your AutoBuy order will fail.
Q: What is the execution price for buying shares on the day of scheduled investments?
After setting up a US stock AutoBuy Plan, the system will place a market order at around 10:30 AM ET on the scheduled investment date. If the scheduled investment date falls on a non-trading day, the order execution will be postponed to around 10:30 AM ET on the next trading day.
Q: Why did my AutoBuy Plan buy 0 shares while my funds were sufficient?
The reason may be due to one of the following:
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Illiquid market or extreme weather;
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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 AutoBuy Plan.
Q: Will there be any charges if my AutoBuy Plan fails?
There will be no charge for a failed AutoBuy Plan transaction.
Q: What do I need to be aware of when placing an AutoBuy order?
Please make sure there are sufficient funds in your account on the execution date.
The AutoBuy Plan will be automatically cancelled after 3 consecutive failed investments due to insufficient buying 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 AutoBuy Plan?
AutoBuy Plan works just like any other trading account. You can sell your positions by going to:
Q: What will happen to my AutoBuy Plan 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?
AutoBuy Plan with Moomoo Canada supports investing in selected Canadian stocks and ETFs. Go to:
If your desired stock is not on the list, please contact us.
Q: Can I adjust or stop my AutoBuy Plan on the execution date?
You can suspend, cancel, and adjust your AutoBuy Plan 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 AutoBuy Plan?
AutoBuy Plan 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 an AutoBuy Plan is relatively low. You can invest in selected stocks at a lower cost. Value investors can also use an AutoBuy Plan to manage risks.
Q: What stock should I hold in my AutoBuy Plan?
Stocks that support an AutoBuy Plan are usually constituents of the Nasdaq Composite and the Dow Jones. Many of these stocks also pay dividends regularly. By creating an AutoBuy Plan, you can consistently track and invest in these quality stocks.
Q: How do I set up my AutoBuy Plan?
a. Open the app, and go to Accounts > More > AutoBuy.
b. Create an investment plan or pick a stock from Top AutoBuy Plan Investments to start.
Q: Which Canadian stocks and ETFs can be invested in my AutoBuy Plan?
You can pick your desired Canadian stocks or ETFs from Top AutoBuy Investments or simply go to the Popular section.
Q: Can AutoBuy Plan investors enjoy the same rights as normal shareholders?
Yes. AutoBuy Plan investors can enjoy the same rights as other shareholders.
Q: Will there be any losses if I cancel my AutoBuy Plan?
There is no charge for cancelling an AutoBuy Plan. No further buy orders will be executed after cancellation.
Q: Can I invest with an AutoBuy Plan using my bank account?
No. We currently do not support using a bank account to invest with an AutoBuy Plan.
Q: Can I use a margin account as the paying account for an AutoBuy Plan?
Margin accounts currently cannot be used as the paying account for an AutoBuy Plan.