IBKR's Recurring Investment Feature

We offer an automatic trading feature whereby account holders may set up a 'recurring investment' instruction with the cash amount, asset to invest into and the schedule when to invest (e.g. buy 500 USD of AAPL on the 2nd day of the month). Outlined below are a series of FAQs which describe the program and its operation…

The Recurring Investment feature allows the client to choose a date and select a schedule on which to invest (e.g. weekly, monthly, quarterly, etc.). Funds are reserved before market open on the installment date. Trade execution occurs during regular trading hours and may happen at any time throughout the day based on market conditions. Trades will continue on future dates based upon the schedule selected. If the market is closed on the scheduled recurring investment date (e.g.: holiday, weekend) then the recurring investment will be scheduled for the next open market date. If the schedule of monthly, quarterly, or yearly is selected and the recurring investment date does not exist for the month (e.g.: February 29th) then the last date of the month will be used…

When using the Recurring Investment feature if you do not hold the currency the stock is denominated in, IBKR will auto-convert currencies to complete the trade.

Additional Information…

When using the Recurring Investment program you will receive fractional shares equivalent to the cash amount specified.

Additional Information…