With AutoInvest, you can automatically invest a preset amount each month. It can be the perfect solution for those who want to invest in ETFs regularly without monthly fees.
You have full control over your investments by choosing from a selection of ETFs, and you can decide how much to invest. Just like with your regular positions and portfolios, you can track your performance. The AutoInvest is currently offered in the currency SGD.
How do I get started?
Get started with AutoInvest in these 3 simple steps:
1. Choose what you want to invest in and by what amount
Choose which ETFs you want to invest in.
2. Transfer funds and set up a monthly payment
Set up a monthly automatic payment from your personal bank account to your AutoInvest account. You can always change the amount.
3. Your AutoInvest is now ready and your funds will be invested automatically each month
Your AutoInvest is now ready and you can track the performance on the platform. Please make sure that your monthly payments cover the amount set to be invested.
Set up AutoInvest
You can set up an AutoInvest account on Saxo platforms in Portfolio > Get Started under AutoInvest section.
After you click Start new, you will be able to choose how much you want to invest monthly and the ETFs you want to invest in.
Click Add more to add ETFs.
After you save your selections, you can set up a monthly transfer via eDDA/eGIRO:
Please note: only after you set up the eDDA mandate successfully the Recurring deposit will be clickable. If your eDDA mandate has expired (not active) the Recurring deposit will be greyed out and you need to set up the mandate from Deposit first. More details about eDDA set up please click here.
Frequently asked questions
Get answers to frequently asked questions below:
- What is AutoInvest?
- What can I invest in with AutoInvest?
- How can I open an AutoInvest Account?
- Can I invest in single stocks or fractional shares with AutoInvest?
- Are there limits to how much or how little I can invest each month?
- When will my money be invested each month?
- How do I set up a monthly bank transfer?
- Can I change my monthly amount, instrument selection and investment split?
- What happens if I don’t have enough funds on my account on the investment date?
- Can I stop or pause my recurring orders?
- What are the fees associated with AutoInvest?
- How many instruments can I add to my AutoInvest sub-account?
- Can I have multiple AutoInvest sub-accounts?
- Can I set up an AutoInvest account in currencies other than SGD?
- Can I fund my account with currencies other than SGD？
- Can I transfer instruments to and from my AutoInvest sub-account?
- Will cash dividends be automatically reinvested?
- Can I invest more than my monthly instruction?
- What if one of the instruments in my AutoInvest instruction is delisted and/or no longer available under AutoInvest?
- How do I close my AutoInvest account?
What is AutoInvest?
AutoInvest is a feature which allows you to automatically invest in various ETFs every month. You can choose the amount, select your instruments within a range of ETFs and define your instrument allocation in just a few clicks.
Automating your recurring investments can be an effective way to level out your risk exposure via dollar-cost averaging, avoiding the need to time the market, and maximize your investment potential in the long term.
What can I invest in with AutoInvest?
There are a wide range of ETFs available via AutoInvest. You can view the full range here.
How can I open an AutoInvest Account?
You will first need to open a Saxo account here if you haven't done so. When your account is approved, you may opt-in to AutoInvest at Portfolio > Get Started under the AutoInvest section. Follow the steps here.
Can I invest in single stocks or fractional shares with AutoInvest?
A range of ETFs are available via AutoInvest, including equity-based ETFs and fractional trading. However, investing in single stocks through AutoInvest is currently not available.
Are there limits to how much or how little I can invest each month?
There is no minimum or maximum amount for how much you can invest each month.
When will my money be invested each month?
The orders based on your Autoinvest instruction are placed on the 5th day of each month. If the 5th day falls on a weekend, the order will be placed on the next weekday. However, take note that the order will only be processed when the applicable market(s) for the instruments in your Autoinvest instruction are open. This means that the orders may not be filled the same day as when they are placed.
Saxo will strive to process your orders in due time. However, there may be delays in the event of external factors such as significant market movements or system capacity constraints. In such cases, Saxo may place orders manually to ensure execution is completed as soon as possible.
How do I set up a monthly bank transfer?
You will first need to setup an eDDA/eGIRO mandate on your Saxo Account. After your eDDA mandate has been successfully set up, you can schedule regular deposits via Saxo platforms: My Profile > Deposits and transfers >Deposit funds > eDDA > Recurring deposit. You can refer to the eDDA instruction for details.
Can I change my monthly amount, instrument selection and investment split?
Yes, you can adjust your recurring investment amount, instrument selection and investment split at any time. We suggest making such adjustments before the 5th day of each month to ensure these adjustments are effected before investment orders are placed for that month.
What happens if I don’t have enough funds on my account on the investment date?
If your AutoInvest account cash balance is lower than the investment amount you have instructed, no investment orders will be placed that month.
Can I stop or pause my recurring orders?
Yes, you can request to start, pause, or stop your AutoInvest instruction at any time.
Go to your AutoInvest account under Portfolio > Click on the three dots icon in the top-right corner > Click Investment Settings. You can adjust the monthly investment setting by toggling it on or off.
We suggest making such request before the 5th day of each month to ensure this is effected before investment orders are placed for that month.
What are the fees associated with AutoInvest?
We do not charge any commissions on instruments purchased through AutoInvest. You will also not be charged any custody fees if you are opted into Securities Lending.
Commissions apply if and when you choose to sell positions in your AutoInvest account.
Other general fees/charges associated with the trading of the underlying instruments may apply. Please refer to our general charges for more details.
How many instruments can I add to my AutoInvest sub-account?
You can select up to 10 different instruments to invest in monthly for each AutoInvest sub-account.
Can I have multiple AutoInvest sub-accounts?
Yes you can, subject to the maximum number of sub-accounts that Saxo may support from time to time.
Can I set up an AutoInvest account in currencies other than SGD?
No, AutoInvest accounts are currently only available in SGD.
Can I fund my account with currencies other than SGD？
The base currency of AutoInvest accounts is SGD. If you wish to fund your AutoInvest account with currencies other than SGD, please refer to more details at our funding instructions page.
Can I transfer instruments to and from my AutoInvest sub-account?
No, instrument transfers to and from an AutoInvest sub-account are not supported.
Will cash dividends be automatically reinvested?
Cash dividends in the AutoInvest account will not be automatically reinvested. If you wish to invest your cash dividends, you can enable the Invest extra cash feature.
Go to your AutoInvest account under Portfolio > Click on the three dots icon in the top-right corner > Click Investment Settings > Switch on Invest extra cash.
Can I invest more than my monthly instruction?
You can consider enabling the Invest extra cash feature via your AutoInvest account.
Go to your AutoInvest account under Portfolio > Click on the three dots icon in the top-right corner > Click Investment Settings > Switch on Invest extra cash.
What if one of the instruments in my AutoInvest instruction is delisted and/or no longer available under AutoInvest?
Saxo will not place any orders to purchase instruments which are delisted or no longer available under AutoInvest. Instead, the amount in your instruction which was allocated to that instrument will remain as cash in your account. For example, if your investment instruction contains an aggregate amount of S$500 and allocates 20% of the amount to be invested in a delisted instrument, then S$100 will remain as cash in your account.
How do I close my AutoInvest account?
You can close your AutoInvest account in a few simple steps. For full details, please click here.