After setting up a US stock Regular Savings Plan, the system will place a market order for fractional shares 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.
Note: If the investment amount you set is not enough to buy one whole share, it will be used to invest in fractional shares.
The reason may be due to one of the following:
● Illiquid market or any unforeseen circumstances that caused exchange(s) to halt or close the trading
● 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 RSP.
There will be no charge for a failed RSP.
Please make sure there are sufficient funds in your universal account on the execution date to avoid interest incurred by margin.
The RSP 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.
RSP 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
The investment on that day will fail, and you will not be charged for it.
RSP with moomoo MY supports investing in selected US stocks and ETFs. Go to:
● Regular Savings Plan > RSP Rankings > View All
If your desired stock is not on the list, please contact us.
You can suspend, cancel, and adjust your RSP before 9:00 AM ET on the execution date. Changes made after 9:00 AM ET will take effect on the next day.
RSP 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 stock RSP is relatively low. You can invest in selected stocks at a lower cost. Value investors can also use RSP to manage risks.
RSP with moomoo MY supports a list of stocks whose performance are relatively stable, and some of them may pay dividends regularly. You can use RSP to invest in quality stocks and get started at a lower threshold with fractional trading.
● Open the app, and go to Accounts > More > RSP.
● Create an investment plan or pick a stock from RSP Rankings to start.
All the stocks and ETFs that support fractional shares trading can be invested in through your RSP. You can pick your desired underlying from RSP Rankings or the RSP Stocks list.
Yes. RSP investors can enjoy the same rights as other shareholders.
Fractional shares trading is available on moomoo MY, 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.
There is no charge for cancelling the RSP. No further buy orders will be executed after cancellation.
The investment on that day will fail. Upcoming scheduled investments in your RSP won't be affected.
No.