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.
Please Note
- There is no guarantee that modifying the recurring investment on the scheduled day of investment will be reflected in your trading activity for that day.
- Open recurring investment instructions are not visible on the Trader Workstation (TWS) or IBKR Mobile order screens. Submitting orders from these platforms will increase your exposure beyond that scheduled for your recurring investment. Your open recurring investment orders are visible in Portal from both the Portfolio and Trade > Orders & Trades menus.
Additional Information